The American Public Power Association has transferred its interest in its utility services subsidiary, Hometown Connections, to a group of five joint action agencies — American Municipal Power, Inc., Missouri Public Utility Alliance, Northern California Power Agency, Vermont Public Power Supply Authority, and Alabama Municipal Electric Authority. The transaction was finalized on June 1, 2018.
The change is intended to enhance the valuable services Hometown Connections provides to public power utilities across the country. The Association will maintain a seat on the board of directors. The structure of the new organization also contemplates potential additional public power joint action agency participation in the future.
“Over the years, our members have benefited and saved by using Hometown Connections’ products and services. The new structure will strengthen and expand the ways in which Hometown can help our members. Our members will continue to benefit from Hometown products and services specifically tailored to public power’s unique needs,” said Sue Kelly, President and CEO of the American Public Power Association.
Hometown was established in 1998 as a utility services subsidiary of the Association to provide a competitive purchasing advantage to public power utilities. The company partnered with providers of electric utility products and services to offer discounts to Association members. In 2002, the Alabama Municipal Electric Authority bought a 35 percent stake in Hometown, leaving the Association as the majority shareholder with a 65 percent stake.
The Association’s utility members have saved over $18 million by purchasing products and services from Hometown. The company has also provided strategic and management consulting to hundreds of public power utilities. The new owners plan to keep Hometown’s current offerings, and explore new products and programs, while keeping them affordable for public power utilities of all sizes.
CEO Tim Blodgett and the rest of the staff will remain with Hometown and look forward to continuing to help public power utilities excel as they work with the new entity.