Semi-Annual Rule 24 Cert 4Q 2004

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549
 
 
 

In the Matter of:
 
AMEREN CORPORATION  
UNION ELECTRIC DEVELOPMENT
    CORPORATION  
CIPSCO INVESTMENT COMPANY
CILCORP INVESTMENT MANAGEMENT
 
 
File No. 70-9965
 
 
SEMI-ANNUAL CERTIFICATE
PURSUANT TO RULE 24 UNDER THE
PUBLIC UTILITY HOLDING COMPANY
ACT OF 1935
 
 
 
 
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, 2004 and ending December 31, 2004.

File No. 70-9965:

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 A, B and C 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.

Union Electric Development Corporation (“UEDC”) received a cash distribution on December 21, 2004 in the amount of $126,590.46, and CIPSCO Investment Company (“CIC”) received $2,302.76 from the St. Louis Equity Fund. Other than this distribution of cash and the normal allocation of tax credits from these funds, neither UEDC, CIC or CILCORP Investment Management (“CIM”) received any additional 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.

No additional commitments to tax credit equity funds were made during the period July 1, 2004 through December 31, 2004.


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 D.


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 D for the tax credit summary and the statement of assets shown in Exhibits A, B and C.  


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
 
 		  
 		  
 
Date:  February 14, 2005 By:   /s/ Jerre E. Birdsong
 
Jerre E. Birdsong
  Vice President and Treasurer
 
Exhibit D
 

Ameren - Equity Tax Credit Investment Summary

 Union Electric Development Corporation (UEDC) 
Equity Invested as of                                      
   
 06/30/2004
  
12/31/2004
  
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
  
$
513,500
  
                                                                                                           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
  
$
592,532
  
$
592,532
  
                                                                                                           1998 LLC
  
$
586,294
  
$
586,294
  
                                                                                                           1999 LLC
  
$
799,341
  
$
799,341
  
                                                                                                           2000 LLC
  
$
669,709
  
$
669,709
  
                                                                                                           2001 LLC
  
$
541,437
  
$
538,951
  
                                                                                                           2002 LLC
  
$
343,478
  
$
341,359
  
                                                                                                           2003 LLC
  
$
635,937
  
$
545,227
  
                                                                                                           2004 LLC
  
$
-
  
$
106,686
  
Housing Missouri, Inc: St. Louis, MO
              
                                                                                                          1996 LLC
  
$
286,956
  
$
286,956
  
                                                                                                          1997 LLC
  
$
286,464
  
$
286,464
  
                                                                                                          1998 LLC
  
$
286,453
  
$
286,453
  
 Total UEDC:
  
$
9,106,155
  
$
9,114,565
  
               
CIPSCO Investment Company (CIC)
              
Illinois Equity Fund: Springfield, Illinois
              
                                                                                                           1992 LP
  
$
500,000
  
$
500,000
  
                                                                                                           1994 LP
  
$
1,000,000
  
$
1,000,000
  
                                                                                                           1996 LP
  
$
1,000,000
  
$
1,000,000
  
                                                                                                           1998 LP
  
$
592,000
  
$
592,000
  
                                                                                                           2000 LP
  
$
114,016
  
$
114,016
  
                                                                                                           2002 LP
  
$
54,662
  
$
54,662
  
                                                                                                           2003 LLC
  
$
-
  
$
-
  
                                                                                                           2004 LLC
  
                       Refer to Note 1
St. Louis Equity Fund: St. Louis, Missouri
              
                                                                                                           1999 LLC
  
$
399,670
  
$
399,670
  
                                                                                                           2000 LLC
  
$
334,853
  
$
334,853
  
                                                                                                           2001 LLC
  
$
270,719
  
$
269,476
  
                                                                                                           2002 LLC
  
$
171,739
  
$
170,679
  
 Total CIC:
  
$
4,437,659
  
$
4,435,356
  
               
CILCORP Investment Management (CIM) (Note 2)
              
(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
  
$
296,180
  
$
295,998
  
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 
  
$
3,882,731
  
$
3,882,731
  
Sun America 51
  
$
7,499,998
  
$
7,499,998
  
               
 Total CIM:
  
$
16,428,909
  
$
16,428,727
  
               
               
Ameren Corporation Total:
  
$
29,972,723
  
$
29,978,648
  


Notes      
1 In April 2004, CIPSCO Investment Company signed a subscription agreement for $1,000,000 to participate in the Illinois Equity Fund 2004 LLC fund. As of 12/31/2004 no capital contributions have been paid.    
2 Ameren acquired the tax credit investments held in CILCORP subsidiaries 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 (06/06/2003)                     $           500,000               $106,400,000
SLEF 2004 (11/06/2003)                  $        1,500,000               $104,900,000
IEF 2004 (04/28/2004)                     $        1,000,000               $103,900,000

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