View Other Items in this Archive | View All Archives | Printable Version

FOR IMMEDIATE RELEASE
March 8, 2019

AMP Earns Credit Rating Upgrade from S&P Ratings

"While investor-owned utilities such as PG&E have recently seen credit downgrades, AMP has earned a credit rating upgrade,” AMP General Manager Nicolas Procos said. “Not only does this upgrade speak to the hard work and dedication of our staff and the stewardship of the city of Alameda’s Public Utilities Board, it also is a strong endorsement to the community-owned business model for electric utilities.”

The upgrade moves AMP’s S&P rating from A+ to AA-. S&P noted in a statement that AMP has a stable financial outlook with strong liquidity.

About AMP

Alameda Municipal Power (AMP) is a department of the city of Alameda that has served residents and businesses for 132 years. AMP provides power to more than 34,000 customers at rates that average 17 percent below neighboring communities.

Contact

Kathleen Haley
Alameda Municipal Power
Office Phone: 510-814-6430
Email