About

Learn about American Municipal Power, Inc. Investor Relations, including Featured News, Projects, and The Team.

2020 Annual Revenue
$1.09 Billion
Bond Ratings

Source

A1
Total Bonds Outstanding 12/31/2020
$4,958,691,471

Why Buy American Municipal Power, Inc. Project Debt

Member Strength and Diversity

134 Members in 9 States

Members are Economically Diverse 

Membership Continues to Grow 

Essential Provider of Technical Expertise to its Members 

Strength of Contracts

Strong “take or pay” Contracts, With a 25% Step-up provision 

AMP Project Debt Service is an Operating Expense of the Members 

Court Validated Contracts 

Projects

5 Large and Diverse Generation Projects 

Members Subscribe to Projects of their Choice 

No Cross Subsidies or Cross Defaults 

Strong and Improving Operating performance at All Projects

Financial Metrics

Rates are Set to Cover Annual Debt Service at 1.1x on All Projects 

AMP Actively Monitors the Credit of Their Members 

Liquidity, $600 Million Line of Credit, the Ability to Expand to $850 Million 

Experienced Management Team

Experienced and Financial Conservative Management Team with a Deep Bench 

3-year Strategic Planning Cycle and 5-year Financial Planning Cycle 

Equity Ownership Interest in TEA (The Energy Authority) for Resource and Risk Management

Strong Support from their Membership 

Committed to Responsible Sustainability and Corporate Governance Policies 

About American Municipal Power, Inc.

American Municipal Power, Inc. (AMP) is the nonprofit wholesale power supplier and services provider for 134 members, including 133 member municipal electric systems in Ohio, Pennsylvania, Michigan, Virginia, Kentucky, West Virginia, Indiana and Maryland; as well as the Delaware Municipal Electric Corporation, a joint action agency with nine members headquartered in Smyrna, Delaware. Combined, these member utilities serve more than 650,000 customers.

Formed in 1971, AMP is headquartered in Columbus, Ohio with approximately 170 full-time employees at headquarters and generating facilities.

The organization is governed by a Board of Trustees that consists of 21 AMP members - 20 elected by the members or subgroups of members and AMP member Delaware Municipal Electric Corporation (DEMEC), on behalf of its nine member systems. Each such elected member then appoints a person to represent it on the Board.

Projects

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The Team

Marcy Steckman

Chief Financial Officer

(614) 540-6402

msteckman@amppartners.org

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Jolene Thompson

President/CEO

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View Team