# Who are Ameren Corporation's customers? Who does Ameren Corporation earn revenue from?
Canonical: https://valuechain.wiki/ameren · Facet: customers · Updated: 2026-09-24T03:12:46.37434+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Ameren Corporation's confirmed revenue counterparties include Alphabet (Google), Amazon plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 3 revenue edges, backed by 7 dated sources, 2 of them primary filings (as of 2026-09-24).

### 알파벳 (구글) (high)  → /alphabet.md
- metric: capacity 1 GW · contracted as of 2026-05-20 · Lower bound of new Missouri generation capacity contracted by Google
- note: Google has contracted for more than 1 GW of new generation in Missouri and, through its partnership with Ameren, is supporting more than 500 MW of additional capacity. Its Montgomery County data center is a long-term large-load customer for Ameren Missouri.
- [mentions] Investing.com Korea (KO, analysis, published 2026-08-01) https://kr.investing.com/equities/ameren-corp?cid=8288: "A combined 2.8 GW of data center demand from the Google and Amazon projects is expected to increase revenue from late 2027 through 2029."
- [confirms] Gabelli Funds (EN, research, published 2026-06-29) https://gabelli.com/research/utilities-u-s-the-tale-of-two-grids/: "Google plans to build a $15 billion data center campus in Montgomery County, MO under an ESA with AEE. Google has contracted for over 1 GW of new generation in MO."
- [confirms] Office of Missouri Governor Mike Kehoe (EN, news, published 2026-05-20) https://governor.mo.gov/press-releases/archive/missouri-secures-15-billion-investment-google-montgomery-county: "To date, Google has contracted to bring more than one gigawatt (GW) of new generation capacity to Missouri, and, through its partnership with Ameren, the company is supporting the development of more than 500 megawatts (MW) of additional capacity."

### 아마존 (high)  → /amazon.md
- note: Amazon's Montgomery County data center campus will take power under Ameren Missouri's large-load framework. Contracted load and Ameren revenue have not been disclosed, but Amazon is responsible for its energy use and grid-connection costs.
- [mentions] Investing.com Korea (KO, analysis, published 2026-08-01) https://kr.investing.com/equities/ameren-corp?cid=8288: "A combined 2.8 GW of data center demand from the Google and Amazon projects is expected to increase revenue from late 2027 through 2029."
- [confirms] Gabelli Funds (EN, research, published 2026-06-29) https://gabelli.com/research/utilities-u-s-the-tale-of-two-grids/: "Amazon announced plans to develop a $10 billion data center campus in Montgomery County, MO and will pay for 100% of the costs to provide electric service, including all costs with connecting to the energy grid."
- [confirms] Ameren (EN, ir, published 2026-06-26) https://www.ameren.com/resource-center/amazon: "Due to the size of the project, Amazon's data center will be subject to Ameren Missouri's Powering Missouri Growth Plan."
- [confirms] Amazon (EN, ir, published 2026-06-15) https://www.aboutamazon.com/news/company-news/amazon-data-center-missouri-new-jobs: "Amazon has worked with the local utility, Ameren Missouri, to ensure the costs associated with our new data center campus in Montgomery County are not passed on to other ratepayers."

### Midcontinent Independent System Operator (MISO) (high)
- note: Ameren Missouri offers its capacity into MISO and records hourly net sales as electric operating revenue. Annual revenue attributable to MISO has not been disclosed.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-18) https://www.sec.gov/Archives/edgar/data/1002910/000100291026000009/aee-20251231.htm: "Ameren Missouri offers for sale all of its capacity to the MISO. Ameren Missouri records net sales in a single hour in 'Operating Revenues - Electric' in its statement of income."
- [confirms] Missouri Public Service Commission (EN, filing, published 2025-08-29) https://www.efis.psc.mo.gov/Document/Display/847311: "These markets allow Ameren Missouri to offer-in and sell the energy it generates to MISO. In turn, Ameren Missouri must purchase back from MISO the energy needed to serve its native load."

Reverse side: https://valuechain.wiki/ameren/suppliers.md · Ripple: https://valuechain.wiki/ameren/ripple.md

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