Last Issuance Amount
$99,530,000
Bond Ratings
A2/A/A-
Total Bonds Outstanding
$2,252,695,294

About AMP, Inc. Combined Hydro Project

The Phase I Hydroelectric Project includes the run-of-the-river generating facilities at the Cannelton, Smithland and Willow Island dams on the Ohio River. Seventy-nine AMP member communities are participating in the project.

The Project consists of three run-of-the-river hydroelectric generation facilities located on United States Army Corps of Engineers dams on the Ohio River and associated transmission facilities:  

• The Cannelton Project is located on the Kentucky shore of the Cannelton Locks and Dam on the Ohio River, utilizes three 29.3 MW turbines and has a total rated capacity of 88 MW.  The first unit of the Cannelton Project entered commercial operation in January 2016, the second unit entered commercial operation in March 2016 and the third and final unit entered commercial operation in June 2016.  

• The Willow Island Project is located on the West Virginia shore of the Willow Island Locks and Dam on the Ohio River, utilizes two 22 MW turbines and has a total rated capacity of 44 MW.  The first unit at the Willow Island Project entered commercial operation in January 2016 and the second and final unit at Willow Island Project entered commercial operation in February 2016. 

• The Smithland Project is located on the Kentucky shore of the Smithland Locks and Dam on the Ohio River, utilizes three 25.3 MW turbines and has a total rated capacity at 76 MW.  The first and second units at the Smithland Project entered commercial operation in July 2017 and the third unit entered commercial operation in September 2017. 

AMP holds the Federal Energy Regulatory Commission (“FERC”) licenses necessary to operate each of the projects.

Welcome Letter

Welcome to American Municipal Power, Inc.’s (AMP) investor relations website. Investment in bonds issued by AMP allows for beneficial investments in generation and transmission assets for our members.

AMP takes great pride in its relationship with the financial community. In order to succeed in its vision to be public power’s leader in wholesale energy supply and value-added member services, maintaining strong bond ratings is a priority. AMP is committed to being as transparent as possible with the investor community.

I hope you find the information provided here useful as you seek to better understand the credit fundamentals of AMP. Please do not hesitate to contact me with suggestions for how we can be doing better.

Sincerely,
Marcy Steckman
Marcy Steckman
Chief Financial Officer