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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (36743)	5/6/2010 10:20:38 AM
From: E_K_S	Respond to of 78783

Hi Spekulatis Ameren Corporation (AEE) Closed out my position in this utility. I agree with your conclusion that the company has regulatory challenges with the Illinois Comerce Commission. This rulling was announced for their recent rate increase proposal where they received only 9% of what they requested. "The Illinois Commerce Commission issued an order in our electric and natural gas delivery rate cases on April 29. The overall authorized revenue increase was only $5 million, as calculated by the ICC. This was well below our revised request of $130 million and the $56 million proposed by the Commission's own Administrative Law Judges. We are clearly disappointed in the decision and we are taking action. Our responses will include asking the Commission to rehear certain issues and reducing planned spending at our Illinois utilities to levels more closely in-line with the revenue and related cash flow levels provided by the order...." I made a little on my trade that I established 2/24/2010 but closed out the position today as a "tight" regulatory board can be an investor's nightmare. I am looking at putting the proceeds into Flaherty & Crumrine Preferred Income Fund Inc. (PFD) which Paul Senior mentioned on the Dividend investing for retirement SI board. EKS