(COLUMBUS) American Municipal Power, Inc (AMP) has announced its affiliation with the Delaware Municipal Electric Corporation (DEMEC), which will become AMP’s 129th member.
Formed in 1979, DEMEC is headquartered in Smyrna, Delaware. The joint action agency represents and serves nine municipal electric distribution utilities located in the state. As the newest AMP member, DEMEC will have the opportunity to participate in generation projects undertaken by the organization. DEMEC has executed a contract with AMP to receive power from the AMP Fremont Energy Center (AFEC), an NGCC facility located in Fremont, Ohio that is schedule to begin commercial operation by the end of the year.
“We’re looking forward to our partnership with DEMEC,” AMP President and CEO Marc Gerken said. “The process for expanding the organization’s membership is carefully guided by our Board of Trustees according to policies adopted by the Board several years ago. This process ensures that the addition of new members remains beneficial to existing members. DEMEC is a well-managed organization from a financial perspective with strong utility industry expertise. In addition to the economies of scale created by the expansion, we’re looking forward to the synergies created from further diversification and new perspectives.”
With the addition, the AMP Board of Trustees is expanding from 19 to 20 members, with a representative of DEMEC serving on the Board.
“Our partnership with American Municipal Power fulfills one of DEMEC’s long-term strategic goals,” DEMEC President & CEO Patrick E. McCullar said. “The addition of another long-term generation asset into our portfolio provides diversity and certainty to our supply stream. Marc and his organization are truly an asset and we look forward to a long and mutually beneficial association.”
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