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Item 3. LEGAL PROCEEDINGS

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Item 3. LEGAL PROCEEDINGS

We are involved in legal and administrative proceedings before various courts and agencies with respect to matters that arise in the ordinary course of business, some of which involve substantial amounts of money. We believe that the final disposition of these proceedings, except as otherwise disclosed in this report, will not have a material adverse effect on our results of operations, financial position, or liquidity. Risk of loss is mitigated, in some cases, by insurance or contractual or statutory indemnification. We believe that we have established appropriate reserves for potential losses. Material legal and administrative proceedings, which are discussed in Note 2 – Rate and Regulatory Matters, Note 9 – Callaway Energy Center, and Note 14 – Commitments and Contingencies under Part II, Item 8, of this report and are incorporated herein by reference, include the following:

•Ameren Missouri’s electric service regulatory rate review filed with the MoPSC in July 2019;
•Ameren Illinois’ natural gas delivery service regulatory rate review filed with the ICC in February 2020;
•the ICC’s QIP prudence review requested by Ameren Illinois in March 2019;
•Ameren and the MISO transmission owner’s request for a rehearing of the November 2019 FERC order related to the November 2013 complaint case;
•the March 2019 FERC separate Notices of Inquiry regarding its allowed ROE policy and its transmission incentives policy;
•litigation against Ameren Missouri with respect to NSR and the Clean Air Act; and
•remediation matters associated with former MGP sites of Ameren Illinois.

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