Rule 24 (35 Cert) Semi-Annual 06/30/05

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 January 1, 2005 and ending June 30, 2005.

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.

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”) 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.

Union Electric Development Corporation committed $1,500,000 to the 2005 SLEF Fund in January 2005. In addition, CIPSCO Investment Company subscribed to a $1,500,000 commitment to the 2005 IEF Fund on April 13. 2005.


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:  August 12, 2005 By:   /s/ Lee R. Nickloy
 
Lee R. Nickloy
  Assistant Treasurer

 
 
 
2
 
Ameren - Equity Tax Credit Investment Summary
    
Exhibit D
               
 
Union Electric Development Corporation (UEDC)
      
         
Equity Invested as of
 
         
12/31/2004
06/30/2005
  
 
St. Louis Equity Fund: St. Louis, MO
        
    1988 LP  
$ 512,047
$ 512,047
 
    1990 LP  
$ 484,325
$ 484,326
 
    1991 LP  
$ 498,931
$ 498,931
 
    1992 LP  
$ 513,500
$ 513,500
 
    1993 LP  
$ 489,812
$ 489,812
 
    1994 LP  
$ 491,028
$ 491,028
 
    1995 LLC  
$ 493,400
$ 493,401
 
    1996 LLC  
$ 591,550
$ 591,550
 
    1997 LLC  
$ 592,532
$ 592,532
 
    1998 LLC  
$ 586,294
$ 592,960
 
    1999 LLC  
$ 799,341
$ 981,484
 
    2000 LLC  
$ 669,709
$ 829,658
 
    2001 LLC  
$ 538,951
$ 689,395
 
    2002 LLC  
$ 341,359
$ 504,113
 
    2003 LLC  
$ 545,227
$ 946,869
 
    2004 LLC  
$ 106,686
$ 310,052
 
    2005 LLC  
Refer to Note 1
  
 
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:
  
$ 9,114,565
$ 10,381,531
 
               
 
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
$    746,962
 
   
2000 LP
  
$    114,016
$    142,879
 
   
2002 LP
  
$      54,662
$    111,524
 
   
2003 LLC
  
$                -
$           916
 
   
2004 LLC
   
$      12,805
 
    2005 LLC  
Refer to Note 2
  
 
St. Louis Equity Fund: St. Louis, Missouri
        
   
1999 LLC
  
$    399,670
$    490,742
 
   
2000 LLC
  
$    334,853
$    414,827
 
   
2001 LLC
  
$    269,476
$    344,698
 
   
2002 LLC
  
$    170,679
$    252,056
 
     
Total CIC:
  
$ 4,435,356
$ 5,017,410
 
               
 
CILCORP Investment Management (CIM) (Note 3)
        
 
(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
  
$    295,998
$    373,479
 
 
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:
  
$ 16,428,727
$ 16,506,208
 
               
               
   
Ameren Corporation Total:
  
$ 29,978,648
$ 31,905,149
 
               
 
Notes
            
1
On January 4, 2005 UEDC signed a subscription agreement in the amount of $1,500,000 for the SLEF 2005 LLC.  As of June 30, 2005 no contributions 
 
to the 2005 SLEF fund were paid.
 
2
On April 13, 2005 CIC signed a subscription agreement in the amount of $1,500,000 for the Illinois Equity Fund 2005 LLC Fund.  As of June 30, 2005
 
no contributions to the 2005 IEF fund were paid.
 
3
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
    
     
IEF 2004 (4/28/2004)
$  1,000,000
$103,900,000
    
     
SLEF 2005 (1/4/2005)
$  1,500,000
$102,400,000
    
     
IEF 2005 (4/13/2005)
 $  1,500,000
$100,900,000
    
 
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