Learn about American Municipal Power, Inc. Investor Relations, including Featured News, Projects, and The Team.
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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.
A recent financial audit of the Ohio Municipal Electric Generation Agency Joint Ventures (OMEGA JV) 1, 2, 4, 5 and 6, as well as of the Municipal Energy Services Agency (MESA) by the Auditor of State’s office has returned a clean audit report. American Municipal Power’s (AMP) excellent record keeping has earned the Auditor of State Award for the joint ventures and MESA.
May 31, 2018
A recent financial audit of the Ohio Municipal Electric Generation Agency Joint Ventures (OMEGA JV) 1, 2, 4, 5 and 6, as well as of the Municipal Energy Services Agency (MESA) by the Auditor of State’s office has returned a clean audit report. American Municipal Power’s (AMP) excellent record keeping has earned the Auditor of State Award for the joint ventures and MESA.
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