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>>> HELLO AND WELCOME TO AT ISSUE. I AM H. WAYNE WILSON.
ISSUE. I AM H. WAYNE WILSON. FOR THE NEXT HALF-HOUR, WE WILL
I AM H. WAYNE WILSON. FOR THE NEXT HALF-HOUR, WE WILL BE TALKING ABOUT AN ISSUE THAT
FOR THE NEXT HALF-HOUR, WE WILL BE TALKING ABOUT AN ISSUE THAT AFFECTS EVERY SINGLE ONE OF US,
BE TALKING ABOUT AN ISSUE THAT AFFECTS EVERY SINGLE ONE OF US, YOUR ELECTRIC BILL.
AFFECTS EVERY SINGLE ONE OF US, YOUR ELECTRIC BILL. THE AMEREN ILLINOIS -- THERE ARE
YOUR ELECTRIC BILL. THE AMEREN ILLINOIS -- THERE ARE THREE AMEREN ILLINOIS UTILITIES,
THE AMEREN ILLINOIS -- THERE ARE THREE AMEREN ILLINOIS UTILITIES, CILCO, IP, CIPS, AND THEY HAVE
THREE AMEREN ILLINOIS UTILITIES, CILCO, IP, CIPS, AND THEY HAVE BEEN AT THE FOCAL POINT OF A
CILCO, IP, CIPS, AND THEY HAVE BEEN AT THE FOCAL POINT OF A LEGISLATIVE BATTLE RECENTLY.
BEEN AT THE FOCAL POINT OF A LEGISLATIVE BATTLE RECENTLY. WE ARE GOING TO TALK TO TWO VICE
LEGISLATIVE BATTLE RECENTLY. WE ARE GOING TO TALK TO TWO VICE PRESIDENT S AS TO WHAT HAS
WE ARE GOING TO TALK TO TWO VICE PRESIDENT S AS TO WHAT HAS HAPPENED RECENTLY, WHAT IS IN
PRESIDENT S AS TO WHAT HAS HAPPENED RECENTLY, WHAT IS IN STORE FOR THE FUTURE WITH REGARD
HAPPENED RECENTLY, WHAT IS IN STORE FOR THE FUTURE WITH REGARD TOUR ELECTRIC RATES.
STORE FOR THE FUTURE WITH REGARD TOUR ELECTRIC RATES. JOINING US TO TALK ABOUT THOSE
TOUR ELECTRIC RATES. JOINING US TO TALK ABOUT THOSE ISSUES, I HAVE STAN OGDEN WITH
JOINING US TO TALK ABOUT THOSE ISSUES, I HAVE STAN OGDEN WITH US.
ISSUES, I HAVE STAN OGDEN WITH US. STAN IS THE AMEREN ILLINOIS VICE
US. STAN IS THE AMEREN ILLINOIS VICE PRESIDENT OF CUSTOMER SERVICE
STAN IS THE AMEREN ILLINOIS VICE PRESIDENT OF CUSTOMER SERVICE AND PUBLIC RELATIONS.
PRESIDENT OF CUSTOMER SERVICE AND PUBLIC RELATIONS. THANK YOU FOR BEING WITH US,
AND PUBLIC RELATIONS. THANK YOU FOR BEING WITH US, STAN.
THANK YOU FOR BEING WITH US, STAN. >> THANK YOU, H.
STAN. >> THANK YOU, H. >> ALSO WITH US IS CRAIG NELSON.
>> THANK YOU, H. >> ALSO WITH US IS CRAIG NELSON. STAN HAS BEEN AROUND FOR AWHILE.
>> ALSO WITH US IS CRAIG NELSON. STAN HAS BEEN AROUND FOR AWHILE. CRAIG IS RELATIVELY NEW.
STAN HAS BEEN AROUND FOR AWHILE. CRAIG IS RELATIVELY NEW. CRAIG IS AMEREN ILLINOIS VICE
CRAIG IS RELATIVELY NEW. CRAIG IS AMEREN ILLINOIS VICE PRESIDENT OF REGULATORY AFFAIRS
CRAIG IS AMEREN ILLINOIS VICE PRESIDENT OF REGULATORY AFFAIRS AND FINANCIAL SERVICES.
PRESIDENT OF REGULATORY AFFAIRS AND FINANCIAL SERVICES. >> THAT'S RIGHT.
AND FINANCIAL SERVICES. >> THAT'S RIGHT. >> BEFORE WE GET INTO THE MEAT
>> THAT'S RIGHT. >> BEFORE WE GET INTO THE MEAT OF THE ISSUES, WE PROBABLY
>> BEFORE WE GET INTO THE MEAT OF THE ISSUES, WE PROBABLY SHOULD EXPLAIN THE BILL.
OF THE ISSUES, WE PROBABLY SHOULD EXPLAIN THE BILL. MOST OF US LOOK AT THE BILL, TOP
SHOULD EXPLAIN THE BILL. MOST OF US LOOK AT THE BILL, TOP RIGHTHAND CORNER.
MOST OF US LOOK AT THE BILL, TOP RIGHTHAND CORNER. IT SAYS WHAT THE AMOUNT IS, IF
RIGHTHAND CORNER. IT SAYS WHAT THE AMOUNT IS, IF YOU DON'T PAY BY SUCH AND SUCH A
IT SAYS WHAT THE AMOUNT IS, IF YOU DON'T PAY BY SUCH AND SUCH A DATE, YOU WILL PAY A LITTLE BIT
YOU DON'T PAY BY SUCH AND SUCH A DATE, YOU WILL PAY A LITTLE BIT MORE.
DATE, YOU WILL PAY A LITTLE BIT MORE. SOMETIMES WE GET FRUSTRATED, AND
MORE. SOMETIMES WE GET FRUSTRATED, AND WE SAY I AM NOT LOOKING AT THE
SOMETIMES WE GET FRUSTRATED, AND WE SAY I AM NOT LOOKING AT THE REST OF THIS BILL, BUT WE
WE SAY I AM NOT LOOKING AT THE REST OF THIS BILL, BUT WE PROBABLY SHOULD EXPLAIN THE
REST OF THIS BILL, BUT WE PROBABLY SHOULD EXPLAIN THE BILL.
PROBABLY SHOULD EXPLAIN THE BILL. THERE ARE THREE MAJOR ASPECTS TO
BILL. THERE ARE THREE MAJOR ASPECTS TO THE BILL, IS THAT RIGHT?
THERE ARE THREE MAJOR ASPECTS TO THE BILL, IS THAT RIGHT? >> YES, THE BILL IS REALLY
THE BILL, IS THAT RIGHT? >> YES, THE BILL IS REALLY COMPRISED OF TWO AREAS THAT I
>> YES, THE BILL IS REALLY COMPRISED OF TWO AREAS THAT I THINK WE SHOULD FOCUS SOME
COMPRISED OF TWO AREAS THAT I THINK WE SHOULD FOCUS SOME ATTENTION TO.
THINK WE SHOULD FOCUS SOME ATTENTION TO. ONE BEING THE CUSTOMER CHARGE,
ATTENTION TO. ONE BEING THE CUSTOMER CHARGE, THE DELIVERY CHARGE WHICH IS
ONE BEING THE CUSTOMER CHARGE, THE DELIVERY CHARGE WHICH IS REALLY THE AMEREN ILLINOIS
THE DELIVERY CHARGE WHICH IS REALLY THE AMEREN ILLINOIS UTILITIES' CHARGE FOR DELIVERING
REALLY THE AMEREN ILLINOIS UTILITIES' CHARGE FOR DELIVERING THE SUPPLY OF POWER TO THE
UTILITIES' CHARGE FOR DELIVERING THE SUPPLY OF POWER TO THE CONSUMER.
THE SUPPLY OF POWER TO THE CONSUMER. THE OTHER MAJOR COMPONENT AND
CONSUMER. THE OTHER MAJOR COMPONENT AND QUITE FRANKLY THE LARGEST
THE OTHER MAJOR COMPONENT AND QUITE FRANKLY THE LARGEST PORTION OF THE BILL IS THE
QUITE FRANKLY THE LARGEST PORTION OF THE BILL IS THE COMMODITY PIECE, THE ACTUAL
PORTION OF THE BILL IS THE COMMODITY PIECE, THE ACTUAL PHYSICAL ELECTRICITY WHICH THE
COMMODITY PIECE, THE ACTUAL PHYSICAL ELECTRICITY WHICH THE AMEREN ILLINOIS UTILITIES DO NOT
PHYSICAL ELECTRICITY WHICH THE AMEREN ILLINOIS UTILITIES DO NOT PROFIT FROM THAT COMPONENT ON
AMEREN ILLINOIS UTILITIES DO NOT PROFIT FROM THAT COMPONENT ON THE BILL.
PROFIT FROM THAT COMPONENT ON THE BILL. THEN THERE IS ALSO ADD ON TAXES
THE BILL. THEN THERE IS ALSO ADD ON TAXES WHICH ARE A PART OF THAT BILL
THEN THERE IS ALSO ADD ON TAXES WHICH ARE A PART OF THAT BILL AND MUNICIPAL TAXES IF YOU ARE
WHICH ARE A PART OF THAT BILL AND MUNICIPAL TAXES IF YOU ARE IN THE CITY OF PEORIA.
AND MUNICIPAL TAXES IF YOU ARE IN THE CITY OF PEORIA. >> FOR CLARIFICATION, YOU WILL
IN THE CITY OF PEORIA. >> FOR CLARIFICATION, YOU WILL SEE SOME OTHER SMALL DETAILS ON
>> FOR CLARIFICATION, YOU WILL SEE SOME OTHER SMALL DETAILS ON THE BILL.
SEE SOME OTHER SMALL DETAILS ON THE BILL. HOWEVER, THOSE ARE VERY
THE BILL. HOWEVER, THOSE ARE VERY INSIGNIFICANT.
HOWEVER, THOSE ARE VERY INSIGNIFICANT. THE THREE MAJOR PORTIONS THAT
INSIGNIFICANT. THE THREE MAJOR PORTIONS THAT STAN JUST MENTIONED.
THE THREE MAJOR PORTIONS THAT STAN JUST MENTIONED. BUT I WANT TO TALK ABOUT THE
STAN JUST MENTIONED. BUT I WANT TO TALK ABOUT THE GENERATION.
BUT I WANT TO TALK ABOUT THE GENERATION. AMEREN, IN ILLINOIS, IS NOT
GENERATION. AMEREN, IN ILLINOIS, IS NOT VERTICALLY INTEGRATED.
AMEREN, IN ILLINOIS, IS NOT VERTICALLY INTEGRATED. THERE IS A SEPARATE GENERATION
VERTICALLY INTEGRATED. THERE IS A SEPARATE GENERATION UNIT.
THERE IS A SEPARATE GENERATION UNIT. >> THAT'S CORRECT.
UNIT. >> THAT'S CORRECT. THE -- WITH DEREGULATION, THE
>> THAT'S CORRECT. THE -- WITH DEREGULATION, THE VERTICALLY INTEGRATED UTILITIES
THE -- WITH DEREGULATION, THE VERTICALLY INTEGRATED UTILITIES USED TO BE CIPS, USED TO BE IP,
VERTICALLY INTEGRATED UTILITIES USED TO BE CIPS, USED TO BE IP, AND USED TO BE CILCO, WAS
USED TO BE CIPS, USED TO BE IP, AND USED TO BE CILCO, WAS VERTICALLY INTEGRATED UTILITIES
AND USED TO BE CILCO, WAS VERTICALLY INTEGRATED UTILITIES HAVE SOLD THE GENERATION.
VERTICALLY INTEGRATED UTILITIES HAVE SOLD THE GENERATION. SOME SOLD TO AFFILIATES OF
HAVE SOLD THE GENERATION. SOME SOLD TO AFFILIATES OF AMEREN.
SOME SOLD TO AFFILIATES OF AMEREN. IN THE CASE OF ILLINOIS POWER,
AMEREN. IN THE CASE OF ILLINOIS POWER, AMEREN DID NOT ACQUIRE ANY OF
IN THE CASE OF ILLINOIS POWER, AMEREN DID NOT ACQUIRE ANY OF THE GENERATION OF THE FORMER
AMEREN DID NOT ACQUIRE ANY OF THE GENERATION OF THE FORMER ILLINOIS POWER DYNAGY PARENT.
THE GENERATION OF THE FORMER ILLINOIS POWER DYNAGY PARENT. THE GENERATION COMPONENT FOR THE
ILLINOIS POWER DYNAGY PARENT. THE GENERATION COMPONENT FOR THE AMEREN ILLINOIS UTILITIES IS
THE GENERATION COMPONENT FOR THE AMEREN ILLINOIS UTILITIES IS PURELY A PASS THROUGH ON THE
AMEREN ILLINOIS UTILITIES IS PURELY A PASS THROUGH ON THE CUSTOMERS' BILL MUCH LIKE
PURELY A PASS THROUGH ON THE CUSTOMERS' BILL MUCH LIKE NATURAL GAS.
CUSTOMERS' BILL MUCH LIKE NATURAL GAS. NATURAL GAS HAS A DELIVERY
NATURAL GAS. NATURAL GAS HAS A DELIVERY COMPONENT, AND THE SUPPLY
NATURAL GAS HAS A DELIVERY COMPONENT, AND THE SUPPLY COMPONENT.
COMPONENT, AND THE SUPPLY COMPONENT. THE ELECTRICITY NOW HAS EVOLVED
COMPONENT. THE ELECTRICITY NOW HAS EVOLVED INTO THAT SAME POSITION, JUST AS
THE ELECTRICITY NOW HAS EVOLVED INTO THAT SAME POSITION, JUST AS NATURAL GAS.
INTO THAT SAME POSITION, JUST AS NATURAL GAS. >> SO WHEN WE TALK ABOUT
NATURAL GAS. >> SO WHEN WE TALK ABOUT EVERYBODY TALKS ABOUT MY CILCO
>> SO WHEN WE TALK ABOUT EVERYBODY TALKS ABOUT MY CILCO BILL, WE ARE TALKING ABOUT IN
EVERYBODY TALKS ABOUT MY CILCO BILL, WE ARE TALKING ABOUT IN TERMS OF CILCO DOLLARS, WE ARE
BILL, WE ARE TALKING ABOUT IN TERMS OF CILCO DOLLARS, WE ARE TALKING ABOUT DISTRIBUTION OF
TERMS OF CILCO DOLLARS, WE ARE TALKING ABOUT DISTRIBUTION OF ELECTRICITY.
TALKING ABOUT DISTRIBUTION OF ELECTRICITY. >> THAT'S CORRECT.
ELECTRICITY. >> THAT'S CORRECT. >> STAN, THERE WAS -- JANUARY 1,
>> THAT'S CORRECT. >> STAN, THERE WAS -- JANUARY 1, 2007, WAS A CRITICAL DATE IN
>> STAN, THERE WAS -- JANUARY 1, 2007, WAS A CRITICAL DATE IN THAT A TEN YEAR FREEZE HAD ENDED
2007, WAS A CRITICAL DATE IN THAT A TEN YEAR FREEZE HAD ENDED ENDED, AND HUGE -- I WILL USE
THAT A TEN YEAR FREEZE HAD ENDED ENDED, AND HUGE -- I WILL USE THE TERM "HUGE" INCREASES WERE
ENDED, AND HUGE -- I WILL USE THE TERM "HUGE" INCREASES WERE SEEN.
THE TERM "HUGE" INCREASES WERE SEEN. YOU HAD SEEN THIS COMING.
SEEN. YOU HAD SEEN THIS COMING. YOU HAD ACTUALLY -- AMEREN HAD
YOU HAD SEEN THIS COMING. YOU HAD ACTUALLY -- AMEREN HAD ACTUALLY PROPOSED A SECURITY
YOU HAD ACTUALLY -- AMEREN HAD ACTUALLY PROPOSED A SECURITY SATION PLAN IN 2006 IN HOPES OF
ACTUALLY PROPOSED A SECURITY SATION PLAN IN 2006 IN HOPES OF HEADING OFF THIS HUGE INCREASE.
SATION PLAN IN 2006 IN HOPES OF HEADING OFF THIS HUGE INCREASE. >> YES, H, WE REALLY -- WITH
HEADING OFF THIS HUGE INCREASE. >> YES, H, WE REALLY -- WITH POWER PRICES MOVING TO THE
>> YES, H, WE REALLY -- WITH POWER PRICES MOVING TO THE MARKET, WE KNEW THERE WAS GOING
POWER PRICES MOVING TO THE MARKET, WE KNEW THERE WAS GOING TO BE AN INCREASE.
MARKET, WE KNEW THERE WAS GOING TO BE AN INCREASE. WE DIDN'T REALLY KNOW THE
TO BE AN INCREASE. WE DIDN'T REALLY KNOW THE MAGNITUDE OF THAT INCREASE UNTIL
WE DIDN'T REALLY KNOW THE MAGNITUDE OF THAT INCREASE UNTIL WE GOT FURTHER INTO 2006.
MAGNITUDE OF THAT INCREASE UNTIL WE GOT FURTHER INTO 2006. WHEN THE AUCTION WAS CONDUCTED,
WE GOT FURTHER INTO 2006. WHEN THE AUCTION WAS CONDUCTED, BUT PRIOR TO THE AUCTION EVEN
WHEN THE AUCTION WAS CONDUCTED, BUT PRIOR TO THE AUCTION EVEN OCCURRING, THE AMEREN ILLINOIS
BUT PRIOR TO THE AUCTION EVEN OCCURRING, THE AMEREN ILLINOIS UTILITIES ANTICIPATED THE
OCCURRING, THE AMEREN ILLINOIS UTILITIES ANTICIPATED THE INCREASE.
UTILITIES ANTICIPATED THE INCREASE. WE KNEW CUSTOMERS WOULD BE HARD
INCREASE. WE KNEW CUSTOMERS WOULD BE HARD PRESSED TO ACCEPT AN INCREASE OF
WE KNEW CUSTOMERS WOULD BE HARD PRESSED TO ACCEPT AN INCREASE OF ANY MAGNITUDE AFTER RATES HAVE
PRESSED TO ACCEPT AN INCREASE OF ANY MAGNITUDE AFTER RATES HAVE BEEN FROZEN FOR TEN YEARS.
ANY MAGNITUDE AFTER RATES HAVE BEEN FROZEN FOR TEN YEARS. SO WE DID PRODUCE A
BEEN FROZEN FOR TEN YEARS. SO WE DID PRODUCE A SECURITYTISATION PLAN THAT WE
SO WE DID PRODUCE A SECURITYTISATION PLAN THAT WE HAD HOPED WOULD HELP EASE THAT
SECURITYTISATION PLAN THAT WE HAD HOPED WOULD HELP EASE THAT TRANSITION INTO PLACE AND SPREAD
HAD HOPED WOULD HELP EASE THAT TRANSITION INTO PLACE AND SPREAD THAT INCREASE OVER A MULTI YEAR
TRANSITION INTO PLACE AND SPREAD THAT INCREASE OVER A MULTI YEAR PERIOD OF TIME.
THAT INCREASE OVER A MULTI YEAR PERIOD OF TIME. WHAT HAPPENED TO IT?
PERIOD OF TIME. WHAT HAPPENED TO IT? >> IT REALLY NEVER MADE IT TO
WHAT HAPPENED TO IT? >> IT REALLY NEVER MADE IT TO THE LIGHT OF DAY.
>> IT REALLY NEVER MADE IT TO THE LIGHT OF DAY. IT WAS A PROPOSAL.
THE LIGHT OF DAY. IT WAS A PROPOSAL. IT WOULD HAVE REQUIRED
IT WAS A PROPOSAL. IT WOULD HAVE REQUIRED LEGISLATIVE ACTION.
IT WOULD HAVE REQUIRED LEGISLATIVE ACTION. YOU KNOW, UNFORTUNATELY IT DID
LEGISLATIVE ACTION. YOU KNOW, UNFORTUNATELY IT DID NOT -- IT DID NOT GET
YOU KNOW, UNFORTUNATELY IT DID NOT -- IT DID NOT GET IMPLEMENTED.
NOT -- IT DID NOT GET IMPLEMENTED. >> AS A RESULT, WE HAD THE
IMPLEMENTED. >> AS A RESULT, WE HAD THE REVERSE AUCTION, AS YOU
>> AS A RESULT, WE HAD THE REVERSE AUCTION, AS YOU MENTIONED, LARGE INCREASES.
REVERSE AUCTION, AS YOU MENTIONED, LARGE INCREASES. THERE WAS A PUBLIC UPROAR
MENTIONED, LARGE INCREASES. THERE WAS A PUBLIC UPROAR NEEDLESS TO SAY.
THERE WAS A PUBLIC UPROAR NEEDLESS TO SAY. SO WE SAW THE REBATES TAKE
NEEDLESS TO SAY. SO WE SAW THE REBATES TAKE PLACE.
SO WE SAW THE REBATES TAKE PLACE. EXPLAIN THE REBATE CHECKS IF YOU
PLACE. EXPLAIN THE REBATE CHECKS IF YOU WOULD, PLEASE, AND HOW MUCH
EXPLAIN THE REBATE CHECKS IF YOU WOULD, PLEASE, AND HOW MUCH LONGER DO THE REBATES GO?
WOULD, PLEASE, AND HOW MUCH LONGER DO THE REBATES GO? >> THE REBATE WAS A -- WAS
LONGER DO THE REBATES GO? >> THE REBATE WAS A -- WAS BASICALLY FUNDED BY UTILITIES IN
>> THE REBATE WAS A -- WAS BASICALLY FUNDED BY UTILITIES IN THE STATE AND THE GENERATORS IN
BASICALLY FUNDED BY UTILITIES IN THE STATE AND THE GENERATORS IN THE STATE.
THE STATE AND THE GENERATORS IN THE STATE. IT CAME IN THE FORM OF A CHECK
THE STATE. IT CAME IN THE FORM OF A CHECK OR AN INITIAL CREDIT FOR MANY
IT CAME IN THE FORM OF A CHECK OR AN INITIAL CREDIT FOR MANY CUSTOMERS THAT INITIAL CREDIT
OR AN INITIAL CREDIT FOR MANY CUSTOMERS THAT INITIAL CREDIT WAS APPLIED TO CUSTOMERS' BILLS
CUSTOMERS THAT INITIAL CREDIT WAS APPLIED TO CUSTOMERS' BILLS OR THEIR CHECK WAS SENT TO THE
WAS APPLIED TO CUSTOMERS' BILLS OR THEIR CHECK WAS SENT TO THE CUSTOMERS.
OR THEIR CHECK WAS SENT TO THE CUSTOMERS. AGAIN, IT IS A WAY OF EASING
CUSTOMERS. AGAIN, IT IS A WAY OF EASING INTO, YOU KNOW, THE INCREASED
AGAIN, IT IS A WAY OF EASING INTO, YOU KNOW, THE INCREASED RATES.
INTO, YOU KNOW, THE INCREASED RATES. THE CREDIT WILL GO -- IT WILL
RATES. THE CREDIT WILL GO -- IT WILL DIMINISH OVER TIME, BUT IT WILL
THE CREDIT WILL GO -- IT WILL DIMINISH OVER TIME, BUT IT WILL GO THROUGH THE 2010 PERIOD OF
DIMINISH OVER TIME, BUT IT WILL GO THROUGH THE 2010 PERIOD OF TIME.
GO THROUGH THE 2010 PERIOD OF TIME. IN ADDITION TO THE RELIEF
TIME. IN ADDITION TO THE RELIEF CREDITS, THERE WERE ALSO RELIEF
IN ADDITION TO THE RELIEF CREDITS, THERE WERE ALSO RELIEF ASSISTANCE PROGRAMS THAT CAME
CREDITS, THERE WERE ALSO RELIEF ASSISTANCE PROGRAMS THAT CAME OUT OF THE LEGISLATIVE
ASSISTANCE PROGRAMS THAT CAME OUT OF THE LEGISLATIVE SETTLEMENT AS WELL.
OUT OF THE LEGISLATIVE SETTLEMENT AS WELL. THOSE WERE PROGRAMS TO HELP LOW
SETTLEMENT AS WELL. THOSE WERE PROGRAMS TO HELP LOW INCOME, SPECIAL HARDSHIP
THOSE WERE PROGRAMS TO HELP LOW INCOME, SPECIAL HARDSHIP SITUATIONS FOR RESIDENTIAL AND
INCOME, SPECIAL HARDSHIP SITUATIONS FOR RESIDENTIAL AND NON-RESIDENTIAL CIRCUMSTANCES.
SITUATIONS FOR RESIDENTIAL AND NON-RESIDENTIAL CIRCUMSTANCES. SO THE IDEA WAS TO GET SOME
NON-RESIDENTIAL CIRCUMSTANCES. SO THE IDEA WAS TO GET SOME DOLLARS OUT TO HELP THOSE
SO THE IDEA WAS TO GET SOME DOLLARS OUT TO HELP THOSE HARDEST HIT BY THE INCREASES
DOLLARS OUT TO HELP THOSE HARDEST HIT BY THE INCREASES THAT THEY EXPERIENCED.
HARDEST HIT BY THE INCREASES THAT THEY EXPERIENCED. >> YOU MENTIONED THAT, LET'S
THAT THEY EXPERIENCED. >> YOU MENTIONED THAT, LET'S TALK ABOUT THOSE PROGRAMS REAL
>> YOU MENTIONED THAT, LET'S TALK ABOUT THOSE PROGRAMS REAL BRIEFLY.
TALK ABOUT THOSE PROGRAMS REAL BRIEFLY. LIHEAP FOR RESIDENTIAL
BRIEFLY. LIHEAP FOR RESIDENTIAL CUSTOMERS.
LIHEAP FOR RESIDENTIAL CUSTOMERS. >> THE LIHEAP PROGRAM IS A
CUSTOMERS. >> THE LIHEAP PROGRAM IS A PROGRAM THAT'S BEEN AROUND FOR
>> THE LIHEAP PROGRAM IS A PROGRAM THAT'S BEEN AROUND FOR YEARS.
PROGRAM THAT'S BEEN AROUND FOR YEARS. THOSE DOLLARS ARE AVAILABLE FOR
YEARS. THOSE DOLLARS ARE AVAILABLE FOR RESIDENTIAL CUSTOMERS.
THOSE DOLLARS ARE AVAILABLE FOR RESIDENTIAL CUSTOMERS. THE LIHEAP PROGRAM SETS A
RESIDENTIAL CUSTOMERS. THE LIHEAP PROGRAM SETS A THRESHOLD OF 150% OF THE FEDERAL
THE LIHEAP PROGRAM SETS A THRESHOLD OF 150% OF THE FEDERAL POVERTY GUIDELINES.
THRESHOLD OF 150% OF THE FEDERAL POVERTY GUIDELINES. WE HAVE -- WE HAD COOLING
POVERTY GUIDELINES. WE HAVE -- WE HAD COOLING ASSISTANCE DOLLARS AVAILABLE
WE HAVE -- WE HAD COOLING ASSISTANCE DOLLARS AVAILABLE THROUGH THE RELIEF PROGRAMS THIS
ASSISTANCE DOLLARS AVAILABLE THROUGH THE RELIEF PROGRAMS THIS YEAR.
THROUGH THE RELIEF PROGRAMS THIS YEAR. WE ALSO HAD BILL PAYING
YEAR. WE ALSO HAD BILL PAYING ASSISTANCE PROGRAM.
WE ALSO HAD BILL PAYING ASSISTANCE PROGRAM. THE RESIDENTIAL HARDSHIP PROGRAM
ASSISTANCE PROGRAM. THE RESIDENTIAL HARDSHIP PROGRAM THAT IS ALSO AVAILABLE IS ONE
THE RESIDENTIAL HARDSHIP PROGRAM THAT IS ALSO AVAILABLE IS ONE THAT GOES UP TO 400% OF FEDERAL
THAT IS ALSO AVAILABLE IS ONE THAT GOES UP TO 400% OF FEDERAL POVERTY GUIDELINES.
THAT GOES UP TO 400% OF FEDERAL POVERTY GUIDELINES. YOU KNOW, IT HAS EXPANDED THE
POVERTY GUIDELINES. YOU KNOW, IT HAS EXPANDED THE SCOPE OF WHO IS ELIGIBLE FOR
YOU KNOW, IT HAS EXPANDED THE SCOPE OF WHO IS ELIGIBLE FOR THAT ASSISTANCE.
SCOPE OF WHO IS ELIGIBLE FOR THAT ASSISTANCE. CERTAINLY WE'D ENCOURAGE
THAT ASSISTANCE. CERTAINLY WE'D ENCOURAGE CUSTOMERS WHO HAVE HAD
CERTAINLY WE'D ENCOURAGE CUSTOMERS WHO HAVE HAD SIGNIFICANT INCREASE IN THEIR
CUSTOMERS WHO HAVE HAD SIGNIFICANT INCREASE IN THEIR ELECTRIC BILLS TO APPROACH THE
SIGNIFICANT INCREASE IN THEIR ELECTRIC BILLS TO APPROACH THE ASSISTANCE AGENCIES OR TO
ELECTRIC BILLS TO APPROACH THE ASSISTANCE AGENCIES OR TO APPROACH THE AMEREN ILLINOIS
ASSISTANCE AGENCIES OR TO APPROACH THE AMEREN ILLINOIS UTILITIES AND SEE IF WE COULD
APPROACH THE AMEREN ILLINOIS UTILITIES AND SEE IF WE COULD POSSIBLY GET ASSISTANCE TO THEM.
UTILITIES AND SEE IF WE COULD POSSIBLY GET ASSISTANCE TO THEM. >> AS A NON-RESIDENTIAL HARDSHIP
POSSIBLY GET ASSISTANCE TO THEM. >> AS A NON-RESIDENTIAL HARDSHIP ASSISTANCE PROGRAM AS WELL?
>> AS A NON-RESIDENTIAL HARDSHIP ASSISTANCE PROGRAM AS WELL? >> THAT'S CORRECT.
ASSISTANCE PROGRAM AS WELL? >> THAT'S CORRECT. NON-RESIDENTIAL WAS REALLY
>> THAT'S CORRECT. NON-RESIDENTIAL WAS REALLY DESIGNED FOR SOME OF THE NOT OH
NON-RESIDENTIAL WAS REALLY DESIGNED FOR SOME OF THE NOT OH FOR PROFITS AND SMALLER
DESIGNED FOR SOME OF THE NOT OH FOR PROFITS AND SMALLER BUSINESSES THAT EXPERIENCED
FOR PROFITS AND SMALLER BUSINESSES THAT EXPERIENCED SIGNIFICANT INCREASES IN THEIR
BUSINESSES THAT EXPERIENCED SIGNIFICANT INCREASES IN THEIR BILLS AS WELL.
SIGNIFICANT INCREASES IN THEIR BILLS AS WELL. >> LET'S GO BACK TO THE PROCESS
BILLS AS WELL. >> LET'S GO BACK TO THE PROCESS WHEREBY YOU ARE TRYING TO
>> LET'S GO BACK TO THE PROCESS WHEREBY YOU ARE TRYING TO GENERATE ELECTRICITY, AND YOU
WHEREBY YOU ARE TRYING TO GENERATE ELECTRICITY, AND YOU ARE SEEING LOSSES IN THE THIRD
GENERATE ELECTRICITY, AND YOU ARE SEEING LOSSES IN THE THIRD QUARTER.
ARE SEEING LOSSES IN THE THIRD QUARTER. HOW DO YOU -- WE SEE THE REBATE
QUARTER. HOW DO YOU -- WE SEE THE REBATE AS JUST AN UNINFORMED PUBLIC --
HOW DO YOU -- WE SEE THE REBATE AS JUST AN UNINFORMED PUBLIC -- WE SEE A REBATE.
AS JUST AN UNINFORMED PUBLIC -- WE SEE A REBATE. OH, CILCO HAS MONEY.
WE SEE A REBATE. OH, CILCO HAS MONEY. THEY SHOULDN'T HAVE RAISED THOSE
OH, CILCO HAS MONEY. THEY SHOULDN'T HAVE RAISED THOSE RATES TO BEGIN WITH.
THEY SHOULDN'T HAVE RAISED THOSE RATES TO BEGIN WITH. YOU GAVE US A BIG CHECK IN
RATES TO BEGIN WITH. YOU GAVE US A BIG CHECK IN SEPTEMBER, I BELIEVE.
YOU GAVE US A BIG CHECK IN SEPTEMBER, I BELIEVE. IN ADDITION, YOU CAN GIVING US
SEPTEMBER, I BELIEVE. IN ADDITION, YOU CAN GIVING US REBATES ALL THE WAY THROUGH
IN ADDITION, YOU CAN GIVING US REBATES ALL THE WAY THROUGH 2010.
REBATES ALL THE WAY THROUGH 2010. YOU MUST HAVE SOME MONEY.
2010. YOU MUST HAVE SOME MONEY. THEN YOU TURN AROUND AND YOU
YOU MUST HAVE SOME MONEY. THEN YOU TURN AROUND AND YOU LOSE MONEY IN THE THIRD QUARTER,
THEN YOU TURN AROUND AND YOU LOSE MONEY IN THE THIRD QUARTER, AND YOU TURN AROUND AND SAY
LOSE MONEY IN THE THIRD QUARTER, AND YOU TURN AROUND AND SAY BECAUSE OF THAT, WE NEED TO HAVE
AND YOU TURN AROUND AND SAY BECAUSE OF THAT, WE NEED TO HAVE A RATE INCREASE.
BECAUSE OF THAT, WE NEED TO HAVE A RATE INCREASE. >> LET'S GO BACK TO STAN'S
A RATE INCREASE. >> LET'S GO BACK TO STAN'S EXPLANATION OF THE BILL, THE TWO
>> LET'S GO BACK TO STAN'S EXPLANATION OF THE BILL, THE TWO MAJOR COMPONENTS, ONE IS THE
EXPLANATION OF THE BILL, THE TWO MAJOR COMPONENTS, ONE IS THE POWER SUPPLY PIECE, ANT OTHER IS
MAJOR COMPONENTS, ONE IS THE POWER SUPPLY PIECE, ANT OTHER IS THE DELIVERY PIECE.
POWER SUPPLY PIECE, ANT OTHER IS THE DELIVERY PIECE. THE LEGISLATIVE SETTLEMENT, THE
THE DELIVERY PIECE. THE LEGISLATIVE SETTLEMENT, THE 488 MILLION, RELATES TO THE
THE LEGISLATIVE SETTLEMENT, THE 488 MILLION, RELATES TO THE POWER SUPPLY PIECE.
488 MILLION, RELATES TO THE POWER SUPPLY PIECE. THAT'S WHAT CHANGED EFFECTIVE
POWER SUPPLY PIECE. THAT'S WHAT CHANGED EFFECTIVE JANUARY FIRST WHEN OUR THREE
THAT'S WHAT CHANGED EFFECTIVE JANUARY FIRST WHEN OUR THREE UTILITIES HAD TO GO TO THE
JANUARY FIRST WHEN OUR THREE UTILITIES HAD TO GO TO THE MARKET AND BUY ELECTRICITY.
UTILITIES HAD TO GO TO THE MARKET AND BUY ELECTRICITY. IT WAS A SHOCKING PRICE INCREASE
MARKET AND BUY ELECTRICITY. IT WAS A SHOCKING PRICE INCREASE FOR CUSTOMERS.
IT WAS A SHOCKING PRICE INCREASE FOR CUSTOMERS. THE 488 MILLION OF RELIEF FOR
FOR CUSTOMERS. THE 488 MILLION OF RELIEF FOR CUSTOMERS WAS FUNDED BY
THE 488 MILLION OF RELIEF FOR CUSTOMERS WAS FUNDED BY GENERATORS AND BY OUR UTILITIES.
CUSTOMERS WAS FUNDED BY GENERATORS AND BY OUR UTILITIES. BUT IT RELATES TO THE POWER
GENERATORS AND BY OUR UTILITIES. BUT IT RELATES TO THE POWER SUPPLY PIECE.
BUT IT RELATES TO THE POWER SUPPLY PIECE. AS STAN SAID, WE DON'T PROFIT
SUPPLY PIECE. AS STAN SAID, WE DON'T PROFIT FROM THAT, IT IS DOLLAR FOR
AS STAN SAID, WE DON'T PROFIT FROM THAT, IT IS DOLLAR FOR DOLLAR RECOVERY OF WHATEVER WE
FROM THAT, IT IS DOLLAR FOR DOLLAR RECOVERY OF WHATEVER WE PAY FOR POWER SUPPLY FOR OUR
DOLLAR RECOVERY OF WHATEVER WE PAY FOR POWER SUPPLY FOR OUR CUSTOMERS' NEEDS, IT IS PASSED
PAY FOR POWER SUPPLY FOR OUR CUSTOMERS' NEEDS, IT IS PASSED THROUGH DOLLAR FOR DOLLAR.
CUSTOMERS' NEEDS, IT IS PASSED THROUGH DOLLAR FOR DOLLAR. NO MARK UP, NO MARGIN, NO
THROUGH DOLLAR FOR DOLLAR. NO MARK UP, NO MARGIN, NO PROFIT.
NO MARK UP, NO MARGIN, NO PROFIT. SO WE ARE OBLIGATED UNDER THE
PROFIT. SO WE ARE OBLIGATED UNDER THE LAW TO REFUND TO OUR CUSTOMERS
SO WE ARE OBLIGATED UNDER THE LAW TO REFUND TO OUR CUSTOMERS THAT 488 MILLION PROVIDE THOSE
LAW TO REFUND TO OUR CUSTOMERS THAT 488 MILLION PROVIDE THOSE PROGRAMS AS STAN TALKED ABOUT.
THAT 488 MILLION PROVIDE THOSE PROGRAMS AS STAN TALKED ABOUT. THE NEED FOR A RATE INCREASE
PROGRAMS AS STAN TALKED ABOUT. THE NEED FOR A RATE INCREASE RELATES TO THE DELIVERY SERVICE
THE NEED FOR A RATE INCREASE RELATES TO THE DELIVERY SERVICE COMPONENT, AND WHAT GOES INTO
RELATES TO THE DELIVERY SERVICE COMPONENT, AND WHAT GOES INTO THAT PIECE IS THE POLES AND
COMPONENT, AND WHAT GOES INTO THAT PIECE IS THE POLES AND WIRES THAT YOU SEE.
THAT PIECE IS THE POLES AND WIRES THAT YOU SEE. THE UTILITY MEN THAT KEEP THE
WIRES THAT YOU SEE. THE UTILITY MEN THAT KEEP THE ELECTRICITY FLOWING, THAT TYPE
THE UTILITY MEN THAT KEEP THE ELECTRICITY FLOWING, THAT TYPE OF THING.
ELECTRICITY FLOWING, THAT TYPE OF THING. OUR LAST -- FOR THE DELIVERY
OF THING. OUR LAST -- FOR THE DELIVERY PIECE, OUR COSTS WERE SET BASED
OUR LAST -- FOR THE DELIVERY PIECE, OUR COSTS WERE SET BASED ON 2004, AND COSTS HAVE
PIECE, OUR COSTS WERE SET BASED ON 2004, AND COSTS HAVE INCREASED SIGNIFICANTLY SINCE
ON 2004, AND COSTS HAVE INCREASED SIGNIFICANTLY SINCE THEN FOR POLES AND WIRES AND
INCREASED SIGNIFICANTLY SINCE THEN FOR POLES AND WIRES AND EVERYTHING ELSE RELATED TO THE
THEN FOR POLES AND WIRES AND EVERYTHING ELSE RELATED TO THE DELIVERY BUSINESS.
EVERYTHING ELSE RELATED TO THE DELIVERY BUSINESS. SO WE HAVE DONE A BOTTOMS UP
DELIVERY BUSINESS. SO WE HAVE DONE A BOTTOMS UP APPROACH FOR THE THREE
SO WE HAVE DONE A BOTTOMS UP APPROACH FOR THE THREE COMPANIES.
APPROACH FOR THE THREE COMPANIES. BASED ON 2006 COSTS, WE HAVE
COMPANIES. BASED ON 2006 COSTS, WE HAVE ASKED FOR 247 MILLION INCREASE
BASED ON 2006 COSTS, WE HAVE ASKED FOR 247 MILLION INCREASE IN THE DELIVERY RATES.
ASKED FOR 247 MILLION INCREASE IN THE DELIVERY RATES. SO JUST IN SUMMARY, THE POWER
IN THE DELIVERY RATES. SO JUST IN SUMMARY, THE POWER SUPPLY, THAT'S WHERE THE CREDITS
SO JUST IN SUMMARY, THE POWER SUPPLY, THAT'S WHERE THE CREDITS COME FROM.
SUPPLY, THAT'S WHERE THE CREDITS COME FROM. AND IT IS THE DELIVERY PIECE
COME FROM. AND IT IS THE DELIVERY PIECE WHERE WE ARE NOT RECOVERING OUR
AND IT IS THE DELIVERY PIECE WHERE WE ARE NOT RECOVERING OUR COSTS, AND NOT -- IN FACT, WE
WHERE WE ARE NOT RECOVERING OUR COSTS, AND NOT -- IN FACT, WE JUST HAD THE THIRD QUARTER LOSS.
COSTS, AND NOT -- IN FACT, WE JUST HAD THE THIRD QUARTER LOSS. >> SO WE HAVE AMEREN ENERGY
JUST HAD THE THIRD QUARTER LOSS. >> SO WE HAVE AMEREN ENERGY WHICH IS THE SUPPLY, AND THEN WE
>> SO WE HAVE AMEREN ENERGY WHICH IS THE SUPPLY, AND THEN WE HAVE AMEREN ILLINOIS, CIPS, IP,
WHICH IS THE SUPPLY, AND THEN WE HAVE AMEREN ILLINOIS, CIPS, IP, CILCO, THE DELIVERY OR
HAVE AMEREN ILLINOIS, CIPS, IP, CILCO, THE DELIVERY OR DISTRIBUTION?
CILCO, THE DELIVERY OR DISTRIBUTION? >> MOSTLY CORRECT.
DISTRIBUTION? >> MOSTLY CORRECT. WHEN WE DID THE AUCTION, WE WENT
>> MOSTLY CORRECT. WHEN WE DID THE AUCTION, WE WENT TO THE MARKET, AND WE ARE BUYING
WHEN WE DID THE AUCTION, WE WENT TO THE MARKET, AND WE ARE BUYING FROM 14 DIFFERENT SUPPLIERS.
TO THE MARKET, AND WE ARE BUYING FROM 14 DIFFERENT SUPPLIERS. OUR AFFILIATE IS JUST ONE OF THE
FROM 14 DIFFERENT SUPPLIERS. OUR AFFILIATE IS JUST ONE OF THE SUPPLIERS.
OUR AFFILIATE IS JUST ONE OF THE SUPPLIERS. BUYING FROM 13 NON-AFFILIATE
SUPPLIERS. BUYING FROM 13 NON-AFFILIATE SUPPLIERS AS WELL AT MARKET
BUYING FROM 13 NON-AFFILIATE SUPPLIERS AS WELL AT MARKET PRICE.
SUPPLIERS AS WELL AT MARKET PRICE. >> YOU ARE ACTUALLY GOING OUT
PRICE. >> YOU ARE ACTUALLY GOING OUT AND SEEING WHAT THE BEST PRICE
>> YOU ARE ACTUALLY GOING OUT AND SEEING WHAT THE BEST PRICE IS?
AND SEEING WHAT THE BEST PRICE IS? >> NIECE WHAT THE PURPOSE OF THE
IS? >> NIECE WHAT THE PURPOSE OF THE AUCTION WAS TO APPLY COMPETITIVE
>> NIECE WHAT THE PURPOSE OF THE AUCTION WAS TO APPLY COMPETITIVE PRESSURE TO MANY SUPPLIERS AND
AUCTION WAS TO APPLY COMPETITIVE PRESSURE TO MANY SUPPLIERS AND COME DOWN TO THE BEST PRICE.
PRESSURE TO MANY SUPPLIERS AND COME DOWN TO THE BEST PRICE. THE NEW LEGISLATION MOVES US TO
COME DOWN TO THE BEST PRICE. THE NEW LEGISLATION MOVES US TO SOMETHING OTHER THAN THE
THE NEW LEGISLATION MOVES US TO SOMETHING OTHER THAN THE AUCTION.
SOMETHING OTHER THAN THE AUCTION. >> THAT'S WHAT I WANTED TO GET
AUCTION. >> THAT'S WHAT I WANTED TO GET TO.
>> THAT'S WHAT I WANTED TO GET TO. EXPLAIN TO ME ILLINOIS POWER
TO. EXPLAIN TO ME ILLINOIS POWER AGENCY WHICH IS -- FOR EVERY
EXPLAIN TO ME ILLINOIS POWER AGENCY WHICH IS -- FOR EVERY ONE'S BENEFIT, THAT IS UNDER THE
AGENCY WHICH IS -- FOR EVERY ONE'S BENEFIT, THAT IS UNDER THE LEGISLATION, ILLINOIS ATTORNEY
ONE'S BENEFIT, THAT IS UNDER THE LEGISLATION, ILLINOIS ATTORNEY GENERAL'S OFFICE HAS TO
LEGISLATION, ILLINOIS ATTORNEY GENERAL'S OFFICE HAS TO ESTABLISH THE IPA, ILLINOIS
GENERAL'S OFFICE HAS TO ESTABLISH THE IPA, ILLINOIS POWER AGENCY, AND IN CONJUNCTION
ESTABLISH THE IPA, ILLINOIS POWER AGENCY, AND IN CONJUNCTION WITH AMEREN WILL BE PURCHASING
POWER AGENCY, AND IN CONJUNCTION WITH AMEREN WILL BE PURCHASING ELECTRICITY?
WITH AMEREN WILL BE PURCHASING ELECTRICITY? >> YES.
ELECTRICITY? >> YES. IT RELATES BACK TO THE OVER ALL
>> YES. IT RELATES BACK TO THE OVER ALL SETTLEMENT LEGISLATION THAT THE
IT RELATES BACK TO THE OVER ALL SETTLEMENT LEGISLATION THAT THE LEGISLATURE PASSED IN JULY AND
SETTLEMENT LEGISLATION THAT THE LEGISLATURE PASSED IN JULY AND THE GOVERNOR SIGNED IN AUGUST.
LEGISLATURE PASSED IN JULY AND THE GOVERNOR SIGNED IN AUGUST. IT PROVIDED 488 MILLION IN
THE GOVERNOR SIGNED IN AUGUST. IT PROVIDED 488 MILLION IN RELIEF TO CUSTOMERS.
IT PROVIDED 488 MILLION IN RELIEF TO CUSTOMERS. BUT IT ALSO HAD A SECTION OF
RELIEF TO CUSTOMERS. BUT IT ALSO HAD A SECTION OF THIS NEW LAW THAT CREATED THIS
BUT IT ALSO HAD A SECTION OF THIS NEW LAW THAT CREATED THIS ILLINOIS POWER AGENCY.
THIS NEW LAW THAT CREATED THIS ILLINOIS POWER AGENCY. IT WILL BE THE POWER AGENCY THAT
ILLINOIS POWER AGENCY. IT WILL BE THE POWER AGENCY THAT ACTUALLY RUNS THE PROCUREMENT
IT WILL BE THE POWER AGENCY THAT ACTUALLY RUNS THE PROCUREMENT EVENTS FOR THE UTILITIES
ACTUALLY RUNS THE PROCUREMENT EVENTS FOR THE UTILITIES BEGINNING IN 2009.
EVENTS FOR THE UTILITIES BEGINNING IN 2009. SO WHAT THE LEGISLATURE WANTED
BEGINNING IN 2009. SO WHAT THE LEGISLATURE WANTED WAS EXTREME INDEPENDENCE.
SO WHAT THE LEGISLATURE WANTED WAS EXTREME INDEPENDENCE. SO THEY HAVE CREATED THE STATE
WAS EXTREME INDEPENDENCE. SO THEY HAVE CREATED THE STATE AGENCY TO BUY POWER FOR THE
SO THEY HAVE CREATED THE STATE AGENCY TO BUY POWER FOR THE UTILITIES.
AGENCY TO BUY POWER FOR THE UTILITIES. SO THERE IS NO APPEARANCE OF,
UTILITIES. SO THERE IS NO APPEARANCE OF, YOU KNOW, OF FAVORING ONE
SO THERE IS NO APPEARANCE OF, YOU KNOW, OF FAVORING ONE SUPPLIER OVER ANOTHER SUPPLIER.
YOU KNOW, OF FAVORING ONE SUPPLIER OVER ANOTHER SUPPLIER. SO WE CAN BRING COMPETITIVE
SUPPLIER OVER ANOTHER SUPPLIER. SO WE CAN BRING COMPETITIVE PRESSURE ON SUPPLIERS IN THE
SO WE CAN BRING COMPETITIVE PRESSURE ON SUPPLIERS IN THE MARKETPLACE.
PRESSURE ON SUPPLIERS IN THE MARKETPLACE. >> IPA DOES THAT IN CONJUNCTION
MARKETPLACE. >> IPA DOES THAT IN CONJUNCTION WITH AMEREN?
>> IPA DOES THAT IN CONJUNCTION WITH AMEREN? >> YES.
WITH AMEREN? >> YES. THE IPA WILL NOT TAKE TITLE TO
>> YES. THE IPA WILL NOT TAKE TITLE TO THE ELECTRICITY.
THE IPA WILL NOT TAKE TITLE TO THE ELECTRICITY. THEY WILL RUN THE PROCUREMENT
THE ELECTRICITY. THEY WILL RUN THE PROCUREMENT EVENT AND BUY THE PRODUCTS, AND
THEY WILL RUN THE PROCUREMENT EVENT AND BUY THE PRODUCTS, AND THEN IT IS ACTUALLY AMEREN THAT
EVENT AND BUY THE PRODUCTS, AND THEN IT IS ACTUALLY AMEREN THAT PURCHASES THE ELECTRICITY AND
THEN IT IS ACTUALLY AMEREN THAT PURCHASES THE ELECTRICITY AND RESELLS IT TO OUR CUSTOMERS AT
PURCHASES THE ELECTRICITY AND RESELLS IT TO OUR CUSTOMERS AT COST.
RESELLS IT TO OUR CUSTOMERS AT COST. >> AND IPA IS STILL UNDER THE
COST. >> AND IPA IS STILL UNDER THE AUSPICES OF THE ILLINOIS
>> AND IPA IS STILL UNDER THE AUSPICES OF THE ILLINOIS COMMERCE COMMISSION?
AUSPICES OF THE ILLINOIS COMMERCE COMMISSION? >> IT WORKS IN CONJUNCTION
COMMERCE COMMISSION? >> IT WORKS IN CONJUNCTION WITH -- IT IS AN INDEPENDENT --
>> IT WORKS IN CONJUNCTION WITH -- IT IS AN INDEPENDENT -- INDEPENDENT FROM THE ILLINOIS
WITH -- IT IS AN INDEPENDENT -- INDEPENDENT FROM THE ILLINOIS COMMERCE COMMISSION.
INDEPENDENT FROM THE ILLINOIS COMMERCE COMMISSION. IT HAS A CHARTER BASED ON THIS
COMMERCE COMMISSION. IT HAS A CHARTER BASED ON THIS LEGISLATION HOW TO BUY POWER.
IT HAS A CHARTER BASED ON THIS LEGISLATION HOW TO BUY POWER. HOWEVER, THE FINAL PLAN FOR
LEGISLATION HOW TO BUY POWER. HOWEVER, THE FINAL PLAN FOR PROCUREMENT DOES FEED TO BE
HOWEVER, THE FINAL PLAN FOR PROCUREMENT DOES FEED TO BE APPROVED BY THE ILLINOIS
PROCUREMENT DOES FEED TO BE APPROVED BY THE ILLINOIS COMMERCE COMMISSION.
APPROVED BY THE ILLINOIS COMMERCE COMMISSION. SO THERE IS REALLY MULTIPLE
COMMERCE COMMISSION. SO THERE IS REALLY MULTIPLE LAYERS OF REGULATORY APPROVAL
SO THERE IS REALLY MULTIPLE LAYERS OF REGULATORY APPROVAL AND INDEPENDENCE INVOLVED.
LAYERS OF REGULATORY APPROVAL AND INDEPENDENCE INVOLVED. LET ME GO BACK TO THE THIRD
AND INDEPENDENCE INVOLVED. LET ME GO BACK TO THE THIRD QUARTER RESULTS FOR A MOMENT.
LET ME GO BACK TO THE THIRD QUARTER RESULTS FOR A MOMENT. PROFIT WAS DOWN 17% IN THE THIRD
QUARTER RESULTS FOR A MOMENT. PROFIT WAS DOWN 17% IN THE THIRD QUARTER COMPARED TO A YEAR AGO,
PROFIT WAS DOWN 17% IN THE THIRD QUARTER COMPARED TO A YEAR AGO, SAY IN PEORIA, IN 2006, INCOME,
QUARTER COMPARED TO A YEAR AGO, SAY IN PEORIA, IN 2006, INCOME, OR IN THIS CASE, LOSS,
SAY IN PEORIA, IN 2006, INCOME, OR IN THIS CASE, LOSS, $9 MILLION LOSS, DOWN
OR IN THIS CASE, LOSS, $9 MILLION LOSS, DOWN $92 MILLION.
$9 MILLION LOSS, DOWN $92 MILLION. WHAT CAUSED THAT PROBLEM?
$92 MILLION. WHAT CAUSED THAT PROBLEM? >> CLEARLY THE RATE RELIEF
WHAT CAUSED THAT PROBLEM? >> CLEARLY THE RATE RELIEF SETTLEMENT WAS A MAJOR COMPONENT
>> CLEARLY THE RATE RELIEF SETTLEMENT WAS A MAJOR COMPONENT OF THAT.
SETTLEMENT WAS A MAJOR COMPONENT OF THAT. THE UTILITIES CONTRIBUTING TO
OF THAT. THE UTILITIES CONTRIBUTING TO THAT FUND TO, YOU KNOW, TO
THE UTILITIES CONTRIBUTING TO THAT FUND TO, YOU KNOW, TO PRODUCE THE RATE RELIEF.
THAT FUND TO, YOU KNOW, TO PRODUCE THE RATE RELIEF. WE HAVE ALSO REALLY HAVE
PRODUCE THE RATE RELIEF. WE HAVE ALSO REALLY HAVE EXPERIENCED, AS CRAIG MENTIONED,
WE HAVE ALSO REALLY HAVE EXPERIENCED, AS CRAIG MENTIONED, INCREASES TO OUR COSTS AS WELL.
EXPERIENCED, AS CRAIG MENTIONED, INCREASES TO OUR COSTS AS WELL. DELIVERY BUSINESS IS AN
INCREASES TO OUR COSTS AS WELL. DELIVERY BUSINESS IS AN EXPENSIVE BUSINESS.
DELIVERY BUSINESS IS AN EXPENSIVE BUSINESS. WHEN YOU THINK ABOUT THE COST OF
EXPENSIVE BUSINESS. WHEN YOU THINK ABOUT THE COST OF STEEL FOR TRANSFORMERS, THE COST
WHEN YOU THINK ABOUT THE COST OF STEEL FOR TRANSFORMERS, THE COST OF ALUMINUM AND COPPER, ALL OF
STEEL FOR TRANSFORMERS, THE COST OF ALUMINUM AND COPPER, ALL OF THOSE PRECIOUS METALS HAVE
OF ALUMINUM AND COPPER, ALL OF THOSE PRECIOUS METALS HAVE INCREASED SIGNIFICANTLY.
THOSE PRECIOUS METALS HAVE INCREASED SIGNIFICANTLY. SO, THUS, THE REQUEST THAT WENT
INCREASED SIGNIFICANTLY. SO, THUS, THE REQUEST THAT WENT BEFORE THE ICC RECENTLY.
SO, THUS, THE REQUEST THAT WENT BEFORE THE ICC RECENTLY. HOW MUCH OF AN IMPACT WILL THAT
BEFORE THE ICC RECENTLY. HOW MUCH OF AN IMPACT WILL THAT HAVE ON OUR BILLS?
HOW MUCH OF AN IMPACT WILL THAT HAVE ON OUR BILLS? >> IT IS FAIRLY MODERATE FOR
HAVE ON OUR BILLS? >> IT IS FAIRLY MODERATE FOR CILCO.
>> IT IS FAIRLY MODERATE FOR CILCO. THE 2% RANGE INCREASE, AND
CILCO. THE 2% RANGE INCREASE, AND SLIGHTLY MORE FOR ILLINOIS POWER
THE 2% RANGE INCREASE, AND SLIGHTLY MORE FOR ILLINOIS POWER POWER.
SLIGHTLY MORE FOR ILLINOIS POWER POWER. 8% INCREASE ON ELECTRIC SIDE.
POWER. 8% INCREASE ON ELECTRIC SIDE. AGAIN, BASED ON OUR ACTUAL COSTS
8% INCREASE ON ELECTRIC SIDE. AGAIN, BASED ON OUR ACTUAL COSTS TO PROVIDE SERVICE, DELIVERY
AGAIN, BASED ON OUR ACTUAL COSTS TO PROVIDE SERVICE, DELIVERY SERVICE.
TO PROVIDE SERVICE, DELIVERY SERVICE. >> I SENSE THAT BECAUSE WE HAD
SERVICE. >> I SENSE THAT BECAUSE WE HAD THE TEN YEAR FREEZE, '97 TO
>> I SENSE THAT BECAUSE WE HAD THE TEN YEAR FREEZE, '97 TO 2007, I SENSE WE ARE PROBABLY
THE TEN YEAR FREEZE, '97 TO 2007, I SENSE WE ARE PROBABLY GOING TO SEE RATE INCREASE
2007, I SENSE WE ARE PROBABLY GOING TO SEE RATE INCREASE REQUESTS BEFORE THE ICC A LITTLE
GOING TO SEE RATE INCREASE REQUESTS BEFORE THE ICC A LITTLE BIT MORE FREQUENTLY.
REQUESTS BEFORE THE ICC A LITTLE BIT MORE FREQUENTLY. BECAUSE, REMEMBER, IN
BIT MORE FREQUENTLY. BECAUSE, REMEMBER, IN PARTICULAR, CILCO CUSTOMERS WERE
BECAUSE, REMEMBER, IN PARTICULAR, CILCO CUSTOMERS WERE USED TO JUST THAT STEADY -- I
PARTICULAR, CILCO CUSTOMERS WERE USED TO JUST THAT STEADY -- I MEAN I THINK THERE WAS 25 YEAR
USED TO JUST THAT STEADY -- I MEAN I THINK THERE WAS 25 YEAR PERIOD WHERE I -- THERE WAS
MEAN I THINK THERE WAS 25 YEAR PERIOD WHERE I -- THERE WAS HARDLY A RATE INCREASE.
PERIOD WHERE I -- THERE WAS HARDLY A RATE INCREASE. >> THAT'S RIGHT.
HARDLY A RATE INCREASE. >> THAT'S RIGHT. THERE WAS A 25 YEAR PERIOD WITH
>> THAT'S RIGHT. THERE WAS A 25 YEAR PERIOD WITH NO INCREASE, IN FACT, 5%
THERE WAS A 25 YEAR PERIOD WITH NO INCREASE, IN FACT, 5% DECREASE FOR RESIDENTIAL
NO INCREASE, IN FACT, 5% DECREASE FOR RESIDENTIAL CUSTOMERS DURING THAT PERIOD.
DECREASE FOR RESIDENTIAL CUSTOMERS DURING THAT PERIOD. WE ALL GOT USED TO FLAT OR
CUSTOMERS DURING THAT PERIOD. WE ALL GOT USED TO FLAT OR DECLINING RATES.
WE ALL GOT USED TO FLAT OR DECLINING RATES. NOW, WE ARE IN APPEARED WHERE
DECLINING RATES. NOW, WE ARE IN APPEARED WHERE COSTS ARE GOING UP.
NOW, WE ARE IN APPEARED WHERE COSTS ARE GOING UP. THE COST OF OUR POLES HAS GONE
COSTS ARE GOING UP. THE COST OF OUR POLES HAS GONE UP BY 45%.
THE COST OF OUR POLES HAS GONE UP BY 45%. POLE TRANSFORMERS 75%, OVER A
UP BY 45%. POLE TRANSFORMERS 75%, OVER A TWO YEAR PERIOD I AM TALKING
POLE TRANSFORMERS 75%, OVER A TWO YEAR PERIOD I AM TALKING ABOUT.
TWO YEAR PERIOD I AM TALKING ABOUT. CONDUCTOR, THE WIRE HAS GONE UP
ABOUT. CONDUCTOR, THE WIRE HAS GONE UP BY 40% OVER THE TWO YEAR PERIOD.
CONDUCTOR, THE WIRE HAS GONE UP BY 40% OVER THE TWO YEAR PERIOD. WE HAVE TO BUY 600 MILES OF
BY 40% OVER THE TWO YEAR PERIOD. WE HAVE TO BUY 600 MILES OF CONDUCTOR EACH YEAR.
WE HAVE TO BUY 600 MILES OF CONDUCTOR EACH YEAR. ON THE GAS SIDE, PLASTIC PIPE
CONDUCTOR EACH YEAR. ON THE GAS SIDE, PLASTIC PIPE THAT GOES IN THE GROUND HAS GONE
ON THE GAS SIDE, PLASTIC PIPE THAT GOES IN THE GROUND HAS GONE UP 55% OVER TWO YEAR PERIODS,
THAT GOES IN THE GROUND HAS GONE UP 55% OVER TWO YEAR PERIODS, HEALTH CARE COSTS HAVE GONE UP
UP 55% OVER TWO YEAR PERIODS, HEALTH CARE COSTS HAVE GONE UP FOR EVERYONE, INCLUDING US, AND
HEALTH CARE COSTS HAVE GONE UP FOR EVERYONE, INCLUDING US, AND SO ON AND SO ON.
FOR EVERYONE, INCLUDING US, AND SO ON AND SO ON. THAT'S THE DRIVER FOR THE THIS
SO ON AND SO ON. THAT'S THE DRIVER FOR THE THIS REQUESTED RATE INCREASE.
THAT'S THE DRIVER FOR THE THIS REQUESTED RATE INCREASE. TO ANSWER YOUR QUESTION, YES, WE
REQUESTED RATE INCREASE. TO ANSWER YOUR QUESTION, YES, WE THINK THEY WILL BE MORE
TO ANSWER YOUR QUESTION, YES, WE THINK THEY WILL BE MORE FREQUENT.
THINK THEY WILL BE MORE FREQUENT. WE THINK OUR CUSTOMERS WOULD
FREQUENT. WE THINK OUR CUSTOMERS WOULD RATHER HAVE THE MODERATE, MORE
WE THINK OUR CUSTOMERS WOULD RATHER HAVE THE MODERATE, MORE FREQUENT INCREASES THAN THE VERY
RATHER HAVE THE MODERATE, MORE FREQUENT INCREASES THAN THE VERY LARGE INCREASE AFTER A LONG
FREQUENT INCREASES THAN THE VERY LARGE INCREASE AFTER A LONG PERIOD OF TIME.
LARGE INCREASE AFTER A LONG PERIOD OF TIME. >> SIMILAR TO THE PHILOSOPHY OF
PERIOD OF TIME. >> SIMILAR TO THE PHILOSOPHY OF LIKE A COST OF LIVING TYPE OF
>> SIMILAR TO THE PHILOSOPHY OF LIKE A COST OF LIVING TYPE OF ADJUSTMENT.
LIKE A COST OF LIVING TYPE OF ADJUSTMENT. I KNOW COMING FROM THE CILCO
ADJUSTMENT. I KNOW COMING FROM THE CILCO HISTORY, I LOOK BACK AND FEEL AS
I KNOW COMING FROM THE CILCO HISTORY, I LOOK BACK AND FEEL AS THOUGH IF WE WOULD HAVE HAD 1%
HISTORY, I LOOK BACK AND FEEL AS THOUGH IF WE WOULD HAVE HAD 1% INCREASE OVER THAT 25 YEAR
THOUGH IF WE WOULD HAVE HAD 1% INCREASE OVER THAT 25 YEAR PERIOD, WE WOULDN'T HAVE
INCREASE OVER THAT 25 YEAR PERIOD, WE WOULDN'T HAVE WITNESSED THE KIND OF MAGNITUDE
PERIOD, WE WOULDN'T HAVE WITNESSED THE KIND OF MAGNITUDE OF AN INCREASE THAT WE HAD
WITNESSED THE KIND OF MAGNITUDE OF AN INCREASE THAT WE HAD EARLIER THIS YEAR.
OF AN INCREASE THAT WE HAD EARLIER THIS YEAR. >> ANOTHER ISSUE THAT IS NO
EARLIER THIS YEAR. >> ANOTHER ISSUE THAT IS NO DOUBT -- MAYBE I SHOULDN'T SAY
>> ANOTHER ISSUE THAT IS NO DOUBT -- MAYBE I SHOULDN'T SAY YTION NO DOUBT" BUT YOU ARE IN
DOUBT -- MAYBE I SHOULDN'T SAY YTION NO DOUBT" BUT YOU ARE IN JUNK BOND STATUS.
YTION NO DOUBT" BUT YOU ARE IN JUNK BOND STATUS. AND AS SUCH, THAT IS ANOTHER
JUNK BOND STATUS. AND AS SUCH, THAT IS ANOTHER DRIVING FORCE BEHIND THE RATE
AND AS SUCH, THAT IS ANOTHER DRIVING FORCE BEHIND THE RATE REQUEST -- RATE INCREASE
DRIVING FORCE BEHIND THE RATE REQUEST -- RATE INCREASE REQUEST?
REQUEST -- RATE INCREASE REQUEST? >> YES, WE ARE -- OUR BONDS ARE
REQUEST? >> YES, WE ARE -- OUR BONDS ARE RATED AS JUNK BOND STATUS A
>> YES, WE ARE -- OUR BONDS ARE RATED AS JUNK BOND STATUS A COUPLE NOTCHES BELOW INVESTMENT
RATED AS JUNK BOND STATUS A COUPLE NOTCHES BELOW INVESTMENT GRADE.
COUPLE NOTCHES BELOW INVESTMENT GRADE. THAT'S ANOTHER REASON FOR THE
GRADE. THAT'S ANOTHER REASON FOR THE RATE INCREASE.
THAT'S ANOTHER REASON FOR THE RATE INCREASE. ANOTHER REASON THAT WREED THE
RATE INCREASE. ANOTHER REASON THAT WREED THE NET LOSS FOR THE THIRD QUARTER,
ANOTHER REASON THAT WREED THE NET LOSS FOR THE THIRD QUARTER, OUR COSTS OF BORROWING OF MONEY
NET LOSS FOR THE THIRD QUARTER, OUR COSTS OF BORROWING OF MONEY ARE TENS OF MILLIONS HIGHER NOW
OUR COSTS OF BORROWING OF MONEY ARE TENS OF MILLIONS HIGHER NOW THAN BEFORE WE BECAME JUNK BOND
ARE TENS OF MILLIONS HIGHER NOW THAN BEFORE WE BECAME JUNK BOND STATUS.
THAN BEFORE WE BECAME JUNK BOND STATUS. ANOTHER REASON FOR THE RATE
STATUS. ANOTHER REASON FOR THE RATE INCREASE IS TO HELP US GET OUT
ANOTHER REASON FOR THE RATE INCREASE IS TO HELP US GET OUT OF THAT HOLE, TO GET BACK TO
INCREASE IS TO HELP US GET OUT OF THAT HOLE, TO GET BACK TO INVESTMENT GRADE AND ALLOW US TO
OF THAT HOLE, TO GET BACK TO INVESTMENT GRADE AND ALLOW US TO BORROW MONEY TO PUMP MONEY INTO
INVESTMENT GRADE AND ALLOW US TO BORROW MONEY TO PUMP MONEY INTO THE INFRASTRUCTURE.
BORROW MONEY TO PUMP MONEY INTO THE INFRASTRUCTURE. I AM FRAKT IMPROVEMENTS TO
THE INFRASTRUCTURE. I AM FRAKT IMPROVEMENTS TO INCREASE RELIABILITY WHICH OUR
I AM FRAKT IMPROVEMENTS TO INCREASE RELIABILITY WHICH OUR CUSTOMERS ARE DEMANDING.
INCREASE RELIABILITY WHICH OUR CUSTOMERS ARE DEMANDING. WE HEAR THAT FROM OUR CUSTOMERS
CUSTOMERS ARE DEMANDING. WE HEAR THAT FROM OUR CUSTOMERS AND FROM THE ILLINOIS COMMERCE
WE HEAR THAT FROM OUR CUSTOMERS AND FROM THE ILLINOIS COMMERCE COMMISSION.
AND FROM THE ILLINOIS COMMERCE COMMISSION. THEY WANT MORE AND MORE AND
COMMISSION. THEY WANT MORE AND MORE AND BETTER RELIABILITY.
THEY WANT MORE AND MORE AND BETTER RELIABILITY. IT TAKES MONEY TO DO THAT.
BETTER RELIABILITY. IT TAKES MONEY TO DO THAT. IN FACT, WE PLAN TO SPEND
IT TAKES MONEY TO DO THAT. IN FACT, WE PLAN TO SPEND 900 MILLION ON THE ELECTRIC SIDE
IN FACT, WE PLAN TO SPEND 900 MILLION ON THE ELECTRIC SIDE IN OUR INFRASTRUCTURE TO IMPROVE
900 MILLION ON THE ELECTRIC SIDE IN OUR INFRASTRUCTURE TO IMPROVE RELIABILITY OVER THE NEXT THREE
IN OUR INFRASTRUCTURE TO IMPROVE RELIABILITY OVER THE NEXT THREE YEARS.
RELIABILITY OVER THE NEXT THREE YEARS. >> IN ILLINOIS?
YEARS. >> IN ILLINOIS? >> IN ILLINOIS AND OUR THREE
>> IN ILLINOIS? >> IN ILLINOIS AND OUR THREE COMPANIES.
>> IN ILLINOIS AND OUR THREE COMPANIES. >> MANY PEOPLE KNOW THAT NOT
COMPANIES. >> MANY PEOPLE KNOW THAT NOT ONLY ARE THREE THREE ILLINOIS
>> MANY PEOPLE KNOW THAT NOT ONLY ARE THREE THREE ILLINOIS UTILITIES UNDER AMEREN, BUT
ONLY ARE THREE THREE ILLINOIS UTILITIES UNDER AMEREN, BUT MISSOURI ONE, AMEREN UE.
UTILITIES UNDER AMEREN, BUT MISSOURI ONE, AMEREN UE. AS SUCH, THAT DOESN'T FACE THE
MISSOURI ONE, AMEREN UE. AS SUCH, THAT DOESN'T FACE THE SAME KINDS. ISSUES THAT THE
AS SUCH, THAT DOESN'T FACE THE SAME KINDS. ISSUES THAT THE ILLINOIS UTILITIES FACE.
SAME KINDS. ISSUES THAT THE ILLINOIS UTILITIES FACE. WHY IS THAT?
ILLINOIS UTILITIES FACE. WHY IS THAT? >> WELL, THE MISSOURI UTILITY
WHY IS THAT? >> WELL, THE MISSOURI UTILITY OPERATION IS AVERT CALLY
>> WELL, THE MISSOURI UTILITY OPERATION IS AVERT CALLY INTEGRATED, FULLY REGULATED
OPERATION IS AVERT CALLY INTEGRATED, FULLY REGULATED ENTITY MUCH LIKE WE WERE YEARS
INTEGRATED, FULLY REGULATED ENTITY MUCH LIKE WE WERE YEARS AGO WHERE THERE IS THE DELIVERY
ENTITY MUCH LIKE WE WERE YEARS AGO WHERE THERE IS THE DELIVERY BUSINESS, BUT THERE IS ALSO THE
AGO WHERE THERE IS THE DELIVERY BUSINESS, BUT THERE IS ALSO THE GENERATION COMPONENT THAT IS
BUSINESS, BUT THERE IS ALSO THE GENERATION COMPONENT THAT IS PART OF THEIR BILL.
GENERATION COMPONENT THAT IS PART OF THEIR BILL. WHEN THEY GO IN FOR A RATE
PART OF THEIR BILL. WHEN THEY GO IN FOR A RATE INCREASE, IT IS AFFILIATED WITH
WHEN THEY GO IN FOR A RATE INCREASE, IT IS AFFILIATED WITH THE COST OF POWER AND THE COST
INCREASE, IT IS AFFILIATED WITH THE COST OF POWER AND THE COST OF CLEANING THE COAL FIRED
THE COST OF POWER AND THE COST OF CLEANING THE COAL FIRED PLANTS.
OF CLEANING THE COAL FIRED PLANTS. THE ILLINOIS RATES ARE NOW IN
PLANTS. THE ILLINOIS RATES ARE NOW IN THAT DEREGULATED CONDITION WHERE
THE ILLINOIS RATES ARE NOW IN THAT DEREGULATED CONDITION WHERE NONE OF THE GENERATION PIECE OF
THAT DEREGULATED CONDITION WHERE NONE OF THE GENERATION PIECE OF THE BUSINESS IS INCLUDED IN
NONE OF THE GENERATION PIECE OF THE BUSINESS IS INCLUDED IN THAT -- IN OUR RATES WHEN WE DO
THE BUSINESS IS INCLUDED IN THAT -- IN OUR RATES WHEN WE DO ASK FOR A RATE INCREASE.
THAT -- IN OUR RATES WHEN WE DO ASK FOR A RATE INCREASE. IT IS PURELY ON THAT DELIVERY
ASK FOR A RATE INCREASE. IT IS PURELY ON THAT DELIVERY COMPONENT.
IT IS PURELY ON THAT DELIVERY COMPONENT. >> IF I RECALL CORRECTLY, PART
COMPONENT. >> IF I RECALL CORRECTLY, PART OF THE LEGISLATION WAS THAT
>> IF I RECALL CORRECTLY, PART OF THE LEGISLATION WAS THAT THERE WOULD BE A FREEZE ON
OF THE LEGISLATION WAS THAT THERE WOULD BE A FREEZE ON SHUTOFF THAT YOU COULDN'T
THERE WOULD BE A FREEZE ON SHUTOFF THAT YOU COULDN'T SHUTOFF LEK ARE TRICK SERVICE TO
SHUTOFF THAT YOU COULDN'T SHUTOFF LEK ARE TRICK SERVICE TO CUSTOMERS FOR CERTAIN PERIOD OF
SHUTOFF LEK ARE TRICK SERVICE TO CUSTOMERS FOR CERTAIN PERIOD OF TIME.
CUSTOMERS FOR CERTAIN PERIOD OF TIME. VERY RECENTLY THAT WAS CHANGED,
TIME. VERY RECENTLY THAT WAS CHANGED, AND YOU WERE ABLE TO START
VERY RECENTLY THAT WAS CHANGED, AND YOU WERE ABLE TO START SHUTTING OFF CUSTOMERS.
AND YOU WERE ABLE TO START SHUTTING OFF CUSTOMERS. WHAT WERE THE -- THERE WAS A
SHUTTING OFF CUSTOMERS. WHAT WERE THE -- THERE WAS A GUIDELINE, I THINK $2,000 IN
WHAT WERE THE -- THERE WAS A GUIDELINE, I THINK $2,000 IN AREARS.
GUIDELINE, I THINK $2,000 IN AREARS. >> YES, WE EASED INTO THE NON-
AREARS. >> YES, WE EASED INTO THE NON- NON-PAY DISCONNECT PERIOD.
>> YES, WE EASED INTO THE NON- NON-PAY DISCONNECT PERIOD. I NEED TO GO ON RECORD AS SAYING
NON-PAY DISCONNECT PERIOD. I NEED TO GO ON RECORD AS SAYING THAT'S THE LAST RESORT WE WANT
I NEED TO GO ON RECORD AS SAYING THAT'S THE LAST RESORT WE WANT TO DO IN A CUSTOMER'S SITUATION.
THAT'S THE LAST RESORT WE WANT TO DO IN A CUSTOMER'S SITUATION. IT COSTS US MONEY TO GO OUT AND
TO DO IN A CUSTOMER'S SITUATION. IT COSTS US MONEY TO GO OUT AND SHUTOFF, AND SUBSEQUENTLY TURN
IT COSTS US MONEY TO GO OUT AND SHUTOFF, AND SUBSEQUENTLY TURN BACK ON.
SHUTOFF, AND SUBSEQUENTLY TURN BACK ON. WE WANT TO WORK WITH CUSTOMERS
BACK ON. WE WANT TO WORK WITH CUSTOMERS TO AVOID THAT SITUATION.
WE WANT TO WORK WITH CUSTOMERS TO AVOID THAT SITUATION. THERE WAS A MORATORIUM.
TO AVOID THAT SITUATION. THERE WAS A MORATORIUM. WE HAVE EASED INTO THE DIS
THERE WAS A MORATORIUM. WE HAVE EASED INTO THE DIS DISCONNECTION PHASE.
WE HAVE EASED INTO THE DIS DISCONNECTION PHASE. NOW THAT WE HAVE BEGAN
DISCONNECTION PHASE. NOW THAT WE HAVE BEGAN EXPERIENCING COLDER WEATHER, WE
NOW THAT WE HAVE BEGAN EXPERIENCING COLDER WEATHER, WE CLEARLY DO NOT GO OUT AND
EXPERIENCING COLDER WEATHER, WE CLEARLY DO NOT GO OUT AND DISCONNECT RESIDENTIAL CUSTOMERS
CLEARLY DO NOT GO OUT AND DISCONNECT RESIDENTIAL CUSTOMERS WHEN THE TEMPERATURES IN THE
DISCONNECT RESIDENTIAL CUSTOMERS WHEN THE TEMPERATURES IN THE 30-DEGREE RANGE.
WHEN THE TEMPERATURES IN THE 30-DEGREE RANGE. SO WE DO HAVE A LOT OF CUSTOMERS
30-DEGREE RANGE. SO WE DO HAVE A LOT OF CUSTOMERS WITH PAST DUE BALANCES AND
SO WE DO HAVE A LOT OF CUSTOMERS WITH PAST DUE BALANCES AND ARREARAGES.
WITH PAST DUE BALANCES AND ARREARAGES. WE ARE ENCOURAGING THEM TO WORK
ARREARAGES. WE ARE ENCOURAGING THEM TO WORK WITH US, CONTACT LIHEAP AGENCIES
WE ARE ENCOURAGING THEM TO WORK WITH US, CONTACT LIHEAP AGENCIES SO THEY CAN AVOID THAT ULTIMATE
WITH US, CONTACT LIHEAP AGENCIES SO THEY CAN AVOID THAT ULTIMATE SITUATION WHERE WE DON'T LIKE TO
SO THEY CAN AVOID THAT ULTIMATE SITUATION WHERE WE DON'T LIKE TO HAVE TO CUT THEM OFF FOR NON-
SITUATION WHERE WE DON'T LIKE TO HAVE TO CUT THEM OFF FOR NON- NON-PAYMENT.
HAVE TO CUT THEM OFF FOR NON- NON-PAYMENT. >> THERE ARE -- AND YOU
NON-PAYMENT. >> THERE ARE -- AND YOU MENTIONED LIE PEOPLE -- LIHEAP,
>> THERE ARE -- AND YOU MENTIONED LIE PEOPLE -- LIHEAP, AND WE TALKED EARLIER ABOUT THE
MENTIONED LIE PEOPLE -- LIHEAP, AND WE TALKED EARLIER ABOUT THE PROGRAMS AVAILABLE TO
AND WE TALKED EARLIER ABOUT THE PROGRAMS AVAILABLE TO RESIDENTIAL AND NON-RESIDENTIAL
PROGRAMS AVAILABLE TO RESIDENTIAL AND NON-RESIDENTIAL CUSTOMERS.
RESIDENTIAL AND NON-RESIDENTIAL CUSTOMERS. BUT THERE ARE STEPS THE CUSTOMER
CUSTOMERS. BUT THERE ARE STEPS THE CUSTOMER CAN TAKE TO HELP REDUCE THEIR
BUT THERE ARE STEPS THE CUSTOMER CAN TAKE TO HELP REDUCE THEIR ELECTRIC BILL.
CAN TAKE TO HELP REDUCE THEIR ELECTRIC BILL. WHAT ARE SOME OF THOSE STEPS
ELECTRIC BILL. WHAT ARE SOME OF THOSE STEPS THEY CAN TAKE?
WHAT ARE SOME OF THOSE STEPS THEY CAN TAKE? >> I'D LIKE TO COMMENT ON THAT,
THEY CAN TAKE? >> I'D LIKE TO COMMENT ON THAT, H, PRIMARILY BECAUSE WE HAVE
>> I'D LIKE TO COMMENT ON THAT, H, PRIMARILY BECAUSE WE HAVE RECENTLY MADE A FILING THAT
H, PRIMARILY BECAUSE WE HAVE RECENTLY MADE A FILING THAT LAUNCHES ENERGY EFFECIENCY
RECENTLY MADE A FILING THAT LAUNCHES ENERGY EFFECIENCY PROGRAMS FOR THE AMEREN ILLINOIS
LAUNCHES ENERGY EFFECIENCY PROGRAMS FOR THE AMEREN ILLINOIS UTILITIES.
PROGRAMS FOR THE AMEREN ILLINOIS UTILITIES. THAT WAS A PROVISION IN THE LAW
UTILITIES. THAT WAS A PROVISION IN THE LAW THAT WAS ENACTED ALSO.
THAT WAS A PROVISION IN THE LAW THAT WAS ENACTED ALSO. THE ENERGY EFFECIENCY PROGRAMS
THAT WAS ENACTED ALSO. THE ENERGY EFFECIENCY PROGRAMS THAT WE WILL BE LAUNCHING WILL
THE ENERGY EFFECIENCY PROGRAMS THAT WE WILL BE LAUNCHING WILL BE IN THE JUNE TIME FRAME OF
THAT WE WILL BE LAUNCHING WILL BE IN THE JUNE TIME FRAME OF 2008.
BE IN THE JUNE TIME FRAME OF 2008. BUT IT WILL FOCUS ON MANY
2008. BUT IT WILL FOCUS ON MANY CUSTOMERS ALREADY ARE AWARE OF
BUT IT WILL FOCUS ON MANY CUSTOMERS ALREADY ARE AWARE OF THINGS LIKE COMPACT FLORES SENT
CUSTOMERS ALREADY ARE AWARE OF THINGS LIKE COMPACT FLORES SENT BULBS.
THINGS LIKE COMPACT FLORES SENT BULBS. BUT THE EFFECIENCY PROGRAMS WE
BULBS. BUT THE EFFECIENCY PROGRAMS WE WILL BE LAUNCHING WILL BE
BUT THE EFFECIENCY PROGRAMS WE WILL BE LAUNCHING WILL BE PROVIDING REBATES AND INCENTIVES
WILL BE LAUNCHING WILL BE PROVIDING REBATES AND INCENTIVES TO MAKE ENERGY EFFECIENCY
PROVIDING REBATES AND INCENTIVES TO MAKE ENERGY EFFECIENCY IMPROVEMENTS TO HOMES.
TO MAKE ENERGY EFFECIENCY IMPROVEMENTS TO HOMES. LIGHTING IS A BIG PIECE OF THAT.
IMPROVEMENTS TO HOMES. LIGHTING IS A BIG PIECE OF THAT. THE HEATING AND AIR CONDITIONING
LIGHTING IS A BIG PIECE OF THAT. THE HEATING AND AIR CONDITIONING COMPONENTS WILL ALSO BE A PART.
THE HEATING AND AIR CONDITIONING COMPONENTS WILL ALSO BE A PART. THEN WE ARE ALSO GOING TO HAVE
COMPONENTS WILL ALSO BE A PART. THEN WE ARE ALSO GOING TO HAVE AVAILABLE FOR CUSTOMERS TO BE
THEN WE ARE ALSO GOING TO HAVE AVAILABLE FOR CUSTOMERS TO BE ABLE TO CONDUCT LIKE AN ONLINE
AVAILABLE FOR CUSTOMERS TO BE ABLE TO CONDUCT LIKE AN ONLINE AUDIT OF THEIR HOME.
ABLE TO CONDUCT LIKE AN ONLINE AUDIT OF THEIR HOME. REALLY ASSESS WHERE IS THEIR
AUDIT OF THEIR HOME. REALLY ASSESS WHERE IS THEIR ENERGY DOLLAR GOING.
REALLY ASSESS WHERE IS THEIR ENERGY DOLLAR GOING. COMPACT FLORES SENT BULB, FOR
ENERGY DOLLAR GOING. COMPACT FLORES SENT BULB, FOR EXAMPLE, TO GET THE SAME AMOUNT
COMPACT FLORES SENT BULB, FOR EXAMPLE, TO GET THE SAME AMOUNT OF LIGHT OUT OF A 60-WATT LIGHT
EXAMPLE, TO GET THE SAME AMOUNT OF LIGHT OUT OF A 60-WATT LIGHT BULB, COMPACT BULB ONLY USES
OF LIGHT OUT OF A 60-WATT LIGHT BULB, COMPACT BULB ONLY USES 13-WATT OF ELECTRICITY.
BULB, COMPACT BULB ONLY USES 13-WATT OF ELECTRICITY. OUR CUSTOMERS ARE ASKING WHAT
13-WATT OF ELECTRICITY. OUR CUSTOMERS ARE ASKING WHAT ARE WAYS I CAN SAVE MONEY ON MY
OUR CUSTOMERS ARE ASKING WHAT ARE WAYS I CAN SAVE MONEY ON MY ENERGY BILL.
ARE WAYS I CAN SAVE MONEY ON MY ENERGY BILL. WE ARE REALLY EXCITED ABOUT THE
ENERGY BILL. WE ARE REALLY EXCITED ABOUT THE ENERGY EFFECIENCY FILING, AND
WE ARE REALLY EXCITED ABOUT THE ENERGY EFFECIENCY FILING, AND THE ABILITY FOR US TO GET
ENERGY EFFECIENCY FILING, AND THE ABILITY FOR US TO GET PROGRAMS OUT THERE AND AVAILABLE
THE ABILITY FOR US TO GET PROGRAMS OUT THERE AND AVAILABLE TO CUSTOMERS TO HELP SAVE MONEY
PROGRAMS OUT THERE AND AVAILABLE TO CUSTOMERS TO HELP SAVE MONEY ON THEIR BILLS.
TO CUSTOMERS TO HELP SAVE MONEY ON THEIR BILLS. >> YOU MADE THAT FILING THIS
ON THEIR BILLS. >> YOU MADE THAT FILING THIS WEEK?
>> YOU MADE THAT FILING THIS WEEK? >> YES, WE DID.
WEEK? >> YES, WE DID. WE MADE IT THURSDAY.
>> YES, WE DID. WE MADE IT THURSDAY. IT WILL TAKE ABOUT A 90 DAY
WE MADE IT THURSDAY. IT WILL TAKE ABOUT A 90 DAY PERIOD OF TIME FOR THE ILLINOIS
IT WILL TAKE ABOUT A 90 DAY PERIOD OF TIME FOR THE ILLINOIS COMMERCE COMMISSION TO REVIEW,
PERIOD OF TIME FOR THE ILLINOIS COMMERCE COMMISSION TO REVIEW, AND THEN THE ACTUAL PROGRAM
COMMERCE COMMISSION TO REVIEW, AND THEN THE ACTUAL PROGRAM LAUNCH IS ANTICIPATED IN JUNE.
AND THEN THE ACTUAL PROGRAM LAUNCH IS ANTICIPATED IN JUNE. >> CAN WE TALK A LITTLE BIT
LAUNCH IS ANTICIPATED IN JUNE. >> CAN WE TALK A LITTLE BIT ABOUT POWER SMART PRICING.
>> CAN WE TALK A LITTLE BIT ABOUT POWER SMART PRICING. ISN'T THAT ANOTHER WAY TO SAVE?
ABOUT POWER SMART PRICING. ISN'T THAT ANOTHER WAY TO SAVE? >> THAT IS.
ISN'T THAT ANOTHER WAY TO SAVE? >> THAT IS. THAT IS A REAL TIME PRICING
>> THAT IS. THAT IS A REAL TIME PRICING PRODUCT THAT IS AVAILABLE TO
THAT IS A REAL TIME PRICING PRODUCT THAT IS AVAILABLE TO RESIDENTIAL CUSTOMERS.
PRODUCT THAT IS AVAILABLE TO RESIDENTIAL CUSTOMERS. IT IS A PROGRAM THAT WE HAVE HAD
RESIDENTIAL CUSTOMERS. IT IS A PROGRAM THAT WE HAVE HAD CUSTOMERS INTERESTED IN THAT.
IT IS A PROGRAM THAT WE HAVE HAD CUSTOMERS INTERESTED IN THAT. INSTEAD OF HAVING A FIXED CHARGE
CUSTOMERS INTERESTED IN THAT. INSTEAD OF HAVING A FIXED CHARGE ON THE ELECTRICITY COMPONENT,
INSTEAD OF HAVING A FIXED CHARGE ON THE ELECTRICITY COMPONENT, YOU STILL PAY THE DELIVERY
ON THE ELECTRICITY COMPONENT, YOU STILL PAY THE DELIVERY COMPONENT.
YOU STILL PAY THE DELIVERY COMPONENT. BUT WITH POWER SPARK PRICING,
COMPONENT. BUT WITH POWER SPARK PRICING, YOU HAVE NOW GOT SOME
BUT WITH POWER SPARK PRICING, YOU HAVE NOW GOT SOME VARIABILITY.
YOU HAVE NOW GOT SOME VARIABILITY. YOU PAY BASED UPON WHAT IS KIND
VARIABILITY. YOU PAY BASED UPON WHAT IS KIND OF THE CURRENT MARKET PRICE OF
YOU PAY BASED UPON WHAT IS KIND OF THE CURRENT MARKET PRICE OF ELECTRICITY.
OF THE CURRENT MARKET PRICE OF ELECTRICITY. IT IS A PROGRAM THAT -- IT IS
ELECTRICITY. IT IS A PROGRAM THAT -- IT IS NOT FOR EVERYONE, BUT IT IS
IT IS A PROGRAM THAT -- IT IS NOT FOR EVERYONE, BUT IT IS CLEARLY AN OPTION AVAILABLE TO
NOT FOR EVERYONE, BUT IT IS CLEARLY AN OPTION AVAILABLE TO CUSTOMERS TO EVALUATE.
CLEARLY AN OPTION AVAILABLE TO CUSTOMERS TO EVALUATE. FOR EXAMPLE, IF YOU CAN ACTUALLY
CUSTOMERS TO EVALUATE. FOR EXAMPLE, IF YOU CAN ACTUALLY GO ONLINE AND CAN LOOK AT WHAT
FOR EXAMPLE, IF YOU CAN ACTUALLY GO ONLINE AND CAN LOOK AT WHAT IS THE AND TIS PAINTED PRICE OF
GO ONLINE AND CAN LOOK AT WHAT IS THE AND TIS PAINTED PRICE OF POWER GOING TO BE.
IS THE AND TIS PAINTED PRICE OF POWER GOING TO BE. IF IT IS IN THE SUMMER MONTH,
POWER GOING TO BE. IF IT IS IN THE SUMMER MONTH, AND IT IS A HIGH USE PERIOD, AND
IF IT IS IN THE SUMMER MONTH, AND IT IS A HIGH USE PERIOD, AND THE PRICE IS HIGHER, YOU KNOW,
AND IT IS A HIGH USE PERIOD, AND THE PRICE IS HIGHER, YOU KNOW, YOU MAY WANT TO AVOID AND DIVERT
THE PRICE IS HIGHER, YOU KNOW, YOU MAY WANT TO AVOID AND DIVERT BY AM I GOING TO DO THE LAUNDRY,
YOU MAY WANT TO AVOID AND DIVERT BY AM I GOING TO DO THE LAUNDRY, AM I GOING TO START THE
BY AM I GOING TO DO THE LAUNDRY, AM I GOING TO START THE DISHWASHER, YOU MAY LOOK AT
AM I GOING TO START THE DISHWASHER, YOU MAY LOOK AT OPTIONS YOU HAVE THE ABILITY TO
DISHWASHER, YOU MAY LOOK AT OPTIONS YOU HAVE THE ABILITY TO FLEX AND MOVE TO A TIME WHEN IT
OPTIONS YOU HAVE THE ABILITY TO FLEX AND MOVE TO A TIME WHEN IT IS MAYBE LESS EXPENSIVE TO DO
FLEX AND MOVE TO A TIME WHEN IT IS MAYBE LESS EXPENSIVE TO DO THOSE TYPE OF TASKS IN THE HOME.
IS MAYBE LESS EXPENSIVE TO DO THOSE TYPE OF TASKS IN THE HOME. >> PERCENT OF INCOME PROGRAM, IS
THOSE TYPE OF TASKS IN THE HOME. >> PERCENT OF INCOME PROGRAM, IS THAT FOR FIXED INCOME?
>> PERCENT OF INCOME PROGRAM, IS THAT FOR FIXED INCOME? >> THE PERCENT OF INCOME PROGRAM
THAT FOR FIXED INCOME? >> THE PERCENT OF INCOME PROGRAM THAT WAS ANNOUNCED WITH THE RATE
>> THE PERCENT OF INCOME PROGRAM THAT WAS ANNOUNCED WITH THE RATE RELIEF ASSISTANCE PROGRAMS IS A
THAT WAS ANNOUNCED WITH THE RATE RELIEF ASSISTANCE PROGRAMS IS A PROGRAM THAT HAS NOT YET BEEN
RELIEF ASSISTANCE PROGRAMS IS A PROGRAM THAT HAS NOT YET BEEN LAUNCHED.
PROGRAM THAT HAS NOT YET BEEN LAUNCHED. WE WERE WORKING WITH THE HEALTH
LAUNCHED. WE WERE WORKING WITH THE HEALTH CARE AND FAMILY SERVICES
WE WERE WORKING WITH THE HEALTH CARE AND FAMILY SERVICES DEPARTMENT.
CARE AND FAMILY SERVICES DEPARTMENT. THAT'S A PROGRAM WHERE INSTEAD
DEPARTMENT. THAT'S A PROGRAM WHERE INSTEAD OF THE, YOU KNOW, THE OLD YOU
THAT'S A PROGRAM WHERE INSTEAD OF THE, YOU KNOW, THE OLD YOU PAY A CERTAIN AMOUNT AND LIHEAP
OF THE, YOU KNOW, THE OLD YOU PAY A CERTAIN AMOUNT AND LIHEAP COMES IN AND PAYS A CERTAIN
PAY A CERTAIN AMOUNT AND LIHEAP COMES IN AND PAYS A CERTAIN AMOUNT, THE PERCENT OF INCOME
COMES IN AND PAYS A CERTAIN AMOUNT, THE PERCENT OF INCOME PILOT IS GOING TO BE A PILOT FOR
AMOUNT, THE PERCENT OF INCOME PILOT IS GOING TO BE A PILOT FOR US TO ASSESS INSTEAD OF A FIXED
PILOT IS GOING TO BE A PILOT FOR US TO ASSESS INSTEAD OF A FIXED CHARGE OR A FIXED PAYMENT FROM
US TO ASSESS INSTEAD OF A FIXED CHARGE OR A FIXED PAYMENT FROM THE LIHEAP DOLLARS, A CERTAIN
CHARGE OR A FIXED PAYMENT FROM THE LIHEAP DOLLARS, A CERTAIN PERCENTAGE OF THE INCOME WOULD
THE LIHEAP DOLLARS, A CERTAIN PERCENTAGE OF THE INCOME WOULD BE PAID TO HELP PAY THAT ENERGY
PERCENTAGE OF THE INCOME WOULD BE PAID TO HELP PAY THAT ENERGY BILL.
BE PAID TO HELP PAY THAT ENERGY BILL. THAT PROGRAM IS REALLY IN ITS
BILL. THAT PROGRAM IS REALLY IN ITS PILOT FORM IS ONLY ELIGIBLE FOR
THAT PROGRAM IS REALLY IN ITS PILOT FORM IS ONLY ELIGIBLE FOR THE ALL ELECTRIC CUSTOMERS,
PILOT FORM IS ONLY ELIGIBLE FOR THE ALL ELECTRIC CUSTOMERS, THOSE THAT HEAT THEIR HOMES WITH
THE ALL ELECTRIC CUSTOMERS, THOSE THAT HEAT THEIR HOMES WITH ELECTRICITY.
THOSE THAT HEAT THEIR HOMES WITH ELECTRICITY. >> STAN, AND CRAIG, I THANK YOU
ELECTRICITY. >> STAN, AND CRAIG, I THANK YOU BOTH FOR THE EXPLANATION.
>> STAN, AND CRAIG, I THANK YOU BOTH FOR THE EXPLANATION. I KNOW IT IS EXTREMELY COMPLEX
BOTH FOR THE EXPLANATION. I KNOW IT IS EXTREMELY COMPLEX TOPIC, IT IS VERY EMOTIONAL ONE
I KNOW IT IS EXTREMELY COMPLEX TOPIC, IT IS VERY EMOTIONAL ONE FOR MANY PEOPLE, HUGE INCREASES
TOPIC, IT IS VERY EMOTIONAL ONE FOR MANY PEOPLE, HUGE INCREASES IN THEIR BILLS, AND I THANK YOU
FOR MANY PEOPLE, HUGE INCREASES IN THEIR BILLS, AND I THANK YOU FOR THE CLARIFICATION OF THE
IN THEIR BILLS, AND I THANK YOU FOR THE CLARIFICATION OF THE SITUATION WITH ALL THE AMEREN
FOR THE CLARIFICATION OF THE SITUATION WITH ALL THE AMEREN UTILITIES.
SITUATION WITH ALL THE AMEREN UTILITIES. >> THANK YOU, H.
UTILITIES. >> THANK YOU, H. >> STAN OGDEN AND CRAIG NELSON,
>> THANK YOU, H. >> STAN OGDEN AND CRAIG NELSON, BOTH AMEREN ILLINOIS VICE
>> STAN OGDEN AND CRAIG NELSON, BOTH AMEREN ILLINOIS VICE PRESIDENT S, THANK YOU FOR BEING
BOTH AMEREN ILLINOIS VICE PRESIDENT S, THANK YOU FOR BEING ON AT ISSUE.
PRESIDENT S, THANK YOU FOR BEING ON AT ISSUE. ISSUE.
ON AT ISSUE. ISSUE. >> IT IS MY PLEASURE I.
ISSUE. >> IT IS MY PLEASURE I. >> NEXT WEEK, WE WILL HAVE A
>> IT IS MY PLEASURE I. >> NEXT WEEK, WE WILL HAVE A SPECIAL GUEST FROM RWANDA, BUT A
>> NEXT WEEK, WE WILL HAVE A SPECIAL GUEST FROM RWANDA, BUT A SURVIVOR OF THE ROW JUAN DAWN
SPECIAL GUEST FROM RWANDA, BUT A SURVIVOR OF THE ROW JUAN DAWN GENOCIDE.
SURVIVOR OF THE ROW JUAN DAWN GENOCIDE. WE WILL HAVE A YOUNG LADY WHO
GENOCIDE. WE WILL HAVE A YOUNG LADY WHO SPENT 91 DAYS IN A BATHROOM WITH
WE WILL HAVE A YOUNG LADY WHO SPENT 91 DAYS IN A BATHROOM WITH SEVEN OTHER WOMEN IN ORDER TO
SPENT 91 DAYS IN A BATHROOM WITH SEVEN OTHER WOMEN IN ORDER TO AVOID THAT GENOCIDE.
SEVEN OTHER WOMEN IN ORDER TO AVOID THAT GENOCIDE. JOIN US FOR THAT STORY NEXT WEEK
AVOID THAT GENOCIDE. JOIN US FOR THAT STORY NEXT WEEK HERE ON AT ISSUE.