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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.
Marcy Steckman, Chief Financial Officer
Fitch Ratings has affirmed its rating on the approximately $125 million American Municipal Power, Inc. (AMP) Greenup Hydroelectric Project revenue bonds, series 2016A, at 'A-'. The Rating Outlook is Stable.
SECURITY The bonds are secured and payable from the net revenues and other income received from AMP's 48.6% ownership interest in the Greenup Hydroelectric Project (Greenup), which primarily consists of payments made by the participants under the power sales contracts (PSCs) that each participant has signed with AMP.