Upcoming Issuance Amount
$56 million
Bond Ratings
A2/A
Project Size
36.825 MW

About Solar Phase II

In March 2016, AMP entered into a joint development agreement with DG AMP Solar, a wholly owned subsidiary of NextEra Energy Resources, for the development, construction and operation of up to 80 megawatts (MW) or more of new solar electric generation facilities. The two organizations executed a solar power purchase agreement (PPA).

Through the DG AMP Solar subsidiary, NextEra builds, owns and operates the solar sites and AMP purchases all output from the solar generation. AMP sells the output to 22 participating members using a take and pay contract.

The systems each consist of solar photovoltaic generating facilities utilizing polycrystalline photovoltaic modules and central inverters. The modules are mounted on either a fixed tilt or tracker racking system. Each system is interconnected to the electric distribution system of a host participant and is located at a site located on land within or near the geographic footprint of such host participant.  

The initial systems consist of 13 systems with a rated capacity of approximately 36.825 MW located in Delaware, Michigan, Ohio and Virginia.  The initial systems have a rated capacity ranging from 0.25 MW to 20 MW.  The first of the initial systems, located in Bowling Green, entered commercial operation in January 2017.

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