SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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In the Matter of:
AMEREN CORPORATION SEMI-ANNUAL CERTIFICATE
UNION ELECTRIC DEVELOPMENT PURSUANT TO RULE 24 UNDER THE
CORPORATION PUBLIC UTILITY HOLDING COMPANY
CIPSCO INVESTMENT COMPANY ACT OF 1935
CILCORP INVESTMENT MANAGEMENT
File No. 70-9965
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Ameren Corporation ("Ameren"), a registered holding company, and its
subsidiaries named above, hereby file this certificate pursuant to Rule 24
reporting on transactions authorized by the Commission by order dated June 4,
2002 (Holding Co. Act Release No. 35-27536). This certificate is filed with
respect to transactions consummated during the period commencing July 1, 2003
and ending December 31, 2003.
File No. 70-9965:
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a. The consolidated balance sheet and twelve-month statement of income as of
the end of the six-month period.
To be filed confidentially as Exhibits Aand B under Rule 104.
b. The amount of revenues and any form of compensation received during each
six-month period ending June 30 or December 31 as applicable, from any and
all Tax Credit Projects directly or indirectly owned.
Other than the annual tax credits and operating losses which lower the
amount of paid taxes, neither Union Electric Development Corporation
("UEDC"), CIPSCO Investment Company ("CIC") or CILCORP Investment
Management ("CIM") receive any compensation from these tax credit
investments.
c. The name of each new Tax Credit Project company in which an investment was
made during the six-month period and upon staff request a copy of the
applicable operating agreement.
On November 6, 2003, UEDC made an additional $1,500,000 equity commitment
to the 2004 St. Louis Equity Fund, LLC. In addition, Exhibit B now
consolidates the equity tax credit investments which were acquired from the
purchase of CILCORP Inc. on January 31, 2003.
d. The amounts of investment made during each six-month period in the Tax
Credit Projects and cumulative comparisons of the $125 million authorized
in this order.
Refer to attached Exhibit C.
e. The cumulative number of any and all Tax Credit Projects, and any other
investment position in any form of non-utility assets at the end of each
six-month period.
Refer to Exhibit C for the tax credit summary and the statement of assets
shown in Exhibits A and B.
The undersigned registered holding company has duly caused this semi-annual
report to be signed on its behalf by the undersigned officer thereunto duly
authorized pursuant to the requirements of the Public Utility Holding Company
Act of 1935.
Ameren Corporation
By /s/ Jerre E. Birdsong Date: February 13, 2004
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Jerre E. Birdsong
Vice President and Treasurer
2
EXHIBIT C
Ameren - Equity Tax Credit Investment Summary
Union Electric Development Corporation (UEDC)
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Equity Invested as of
06/30/2003 12/31/2003
St. Louis Equity Fund: St. Louis, MO
1988 LP $ 512,047 $ 512,047
1990 LP $ 484,325 $ 484,325
1991 LP $ 498,931 $ 498,931
1992 LP $ 516,461 $ 516,461
1993 LP $ 489,812 $ 489,812
1994 LP $ 491,028 $ 491,028
1995 LLC $ 493,400 $ 493,400
1996 LLC $ 591,550 $ 591,550
1997 LLC $ 592,714 $ 592,714
1998 LLC $ 495,086 $ 495,086
1999 LLC $ 618,117 $ 618,117
2000 LLC $ 509,760 $ 509,760
2001 LLC $ 390,993 $ 390,993
2002 LLC $ 178,017 $ 178,017
2003 LLC $ 135,000 $ 135,000
2004 LLC Note 1
Housing Missouri, Inc: St. Louis, MO
1996 LLC $ 286,956 $ 286,956
1997 LLC $ 286,464 $ 286,464
1998 LLC $ 240,933 $ 240,933
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Total UEDC: $ 7,811,594 $ 7,811,594
CIPSCO Investment Company (CIC)
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Illinois Equity Fund: Springfield, Illinois
1992 LP $ 500,000 $ 500,000
1994 LP $ 1,000,001 $ 1,000,001
1996 LP $ 1,000,000 $ 1,000,000
1998 LP $ 446,260 $ 446,260
2000 LP $ 103,464 $ 103,464
2002 LP $ 50,114 $ 50,114
2003 LLC
St. Louis Equity Fund: St. Louis, Missouri
1999 LLC $ 309,059 $ 309,059
2000 LLC $ 254,879 $ 254,879
2001 LLC $ 195,497 $ 195,497
2002 LLC $ 89,009 $ 89,009
2003 LLC
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Total CIC: $ 3,948,283 $ 3,948,283
CILCORP Investment Management (CIM) (Note 2)
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(This is provided for informational purposes only)
Illinois Equity Fund: Springfield, Illinois
1992 LP $ 250,000 $ 250,000
1994 LP $ 250,000 $ 250,000
1996 LP $ 250,000 $ 250,000
1998 LP $ 223,130 $ 223,130
Midwest Equity Fund:
Midwest Tax Credit Fund I $ 1,000,000 $ 1,000,000
Midwest Tax Credit Fund II $ 3,000,000 $ 3,000,000
Banc One $ 3,782,397 $ 3,882,731
Sun America 51 $ 7,499,998 $ 7,499,998
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Total CIM: $ 16,255,525 $ 16,355,859
Ameren Corporation Total: $ 28,015,402 $ 28,115,736
Notes
1 On November 6, 2003 UEDC signed a subscription agreement for the SLEF 2004
LLC fund in the amount of $1,500,000.
2 Ameren acquired the tax credit investments held in CILCORP subisidaries in
2003 under Holding Company Act Release No. 27645, January 29, 2003 Ameren
Corporation, et al. No additional tax credit investments have been made in
CIM since the date of the order.
SEC Authorized Amount $125,000,000 Remaining
Balance
Commitments prior to SEC Order $ 16,600,000 $108,400,000
Subsequent Commitments
SLEF 2003 (12/19/2002) $ 1,500,000 $106,900,000
IEF 2003(6/6/2003) $ 500,000 $106,400,000
SLEF 2004 (11/6/2003) $ 1,500,000 $104,900,000