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AmerenCILCO Announces Refinancing

ST. LOUIS, Dec. 5 /PRNewswire-FirstCall/ -- AmerenCILCO, a subsidiary of Ameren Corporation , announced today that it is offering $150 million of 8.875% senior secured notes due 2013. The transaction is expected to close on December 9, 2008. AmerenCILCO intends to use the net offering proceeds of approximately $148.8 million to repay a portion of outstanding short-term debt, including short-term debt incurred to fund the redemption of $19.2 million principal amount of auction rate environmental improvement revenue refunding bonds in April 2008 and the final mandatory sinking fund redemption payment in the amount of $16.5 million of 5.85% series preferred stock. The lead underwriters for the offering are BNP Paribas Securities Corp. and Goldman, Sachs & Co.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction. The offering may be made by means of a prospectus and a related prospectus supplement, copies of which may be obtained when available from BNP Paribas Securities Corp., at 787 Seventh Avenue, New York, N.Y. 100019, Phone: 1-800-854-5674; and Goldman, Sachs & Co., 85 Broad Street, New York, N.Y. 10004, Attention: Prospectus Department, Phone: 212-902-1171.

AmerenCILCO is an Illinois-based subsidiary of St. Louis-based Ameren Corporation. Ameren companies serve 2.4 million electric customers and nearly one million natural gas customers in a 64,000-square-mile area of Missouri and Illinois.

SOURCE: Ameren Corporation

Web site: http://www.ameren.com/