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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-New York-02 May 2018: Fitch Ratings has affirmed its rating on the approximately $700 million American Municipal Power, Inc. (AMP) Meldahl Hydroelectric Project revenue bonds, series 2010A, 2010B, 2010C, 2010D, 2010E and 2016A, at 'A'.
The Rating Outlook is Stable.
The bonds are secured and payable from gross receipts including payments made by the Meldahl participants under the power sales contracts (PSCs) that each participant has signed with AMP and other funds established under the indenture.
KEY RATING DRIVERS
LARGE WHOLESALE PROVIDER: AMP is a large, nonprofit wholesale power supplier and services provider organized in 1971 for the benefit of its 135 members located throughout nine states. AMP has multiple power projects, each of which is separately financed.