Alabama Municipal Electric Authority

What Alabama Municipal Electric Authority does

Alabama Municipal Electric Authority, doing business as Energy Southeast, is a public power cooperative utility district headquartered at 80 TechnaCenter Drive in Montgomery, Alabama. Founded in the late 1970s, the entity was formed when 11 Alabama cities — Alexander City, Dothan, Fairhope, LaFayette, Lanett, Luverne, Opelika, Piedmont, Riviera Utilities, Sylacauga, and Tuskegee — coalesced to stabilize wholesale power supply costs through shared procurement and mutual resource pooling. AMEA procures wholesale electricity and natural gas and passes it through to its member municipal utilities, which in turn serve end consumers; residents of member communities are part-owners of the utility under the cooperative structure.

The cooperative monetizes primarily through pass-through wholesale energy supply under long-term prepay arrangements, most recently via a $425 million tax-exempt fixed-rate bond issuance in October 2025 (with maturities from 2026 to 2035, expected Moody's A2 rating) to prepay for a 30-year supply of electricity and natural gas sourced through J. Aron & Co., the commodities-trading arm of Goldman Sachs. Goldman Sachs serves as lead underwriter with Frazer Lanier as co-underwriter. Beyond the core energy supply product, AMEA operates three ancillary programs: a 50-KW solar research project completed in August 2016 at its Montgomery headquarters; a Scholarship Program that has awarded over $3 million to member-community students since 1992; and an Economic Development Program that has issued over $4 million in no-interest loans through the Capital Fund Program to support member-city industry recruitment and retention. The organization also sells Renewable Energy Credits (e.g., from the Black Bear Solar Energy Project) to third parties as ancillary revenue. Headcount is reported at 1-10, consistent with a lean administrative and trading entity rather than an asset-heavy utility operator.

Name

Alabama Municipal Electric Authority

Legal name

Alabama Municipal Electric Authority

Website

https://amea.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

1–10 employees

Short description

Alabama Municipal Electric Authority (Energy Southeast) is a public power cooperative that supplies wholesale electricity and natural gas to 11 member-owned Alabama municipal utilities under long-term prepay arrangements, including a 2025 $425M bond-funded 30-year supply sourced through Goldman Sachs.

Ownership category

akta.pro rank

Product category

Municipal Electric Power Cooperative

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)

akta.pro secondary industries

Municipal & Public Gas Utility Sales (EUAAADAE), Public Power Districts & State/Provincial Utilities (EUADABAD)

Keywords

• Wholesale electric power
• Municipal utility services
• Cooperative energy supply
• Natural gas distribution
• Public power utilities

Headquarters

HQ city

Montgomery

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Wholesale Power Supply: Energy Southeast procures and provides wholesale electricity and natural gas to its 11 member city utilities. The organization acts as a cooperative to stabilize wholesale power supply costs for member municipalities.
2. Bond-financed Energy Supply: Energy Southeast (Energy Southeast, an Alabama capital improvement cooperative district) sells bonds to prepay for long-term supply of electricity and natural gas. Proceeds fund purchase of energy from Aron Energy Prepay 30 LLC, sourced through J. Aron & Co. (commodities-trading arm of Goldman Sachs).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Energy Southeast (Alabama Municipal Electric Authority) procures and supplies wholesale electricity and natural gas to 11 member municipal utilities in Alabama through long-term prepay arrangements. The cooperative was formed in the late 1970s to stabilize wholesale power supply costs for member cities by pooling resources. Beyond core energy supply, the cooperative operates a 50-KW solar research project, an economic development Capital Fund loan program, and a scholarship program for member residents.

Product overview

Energy Southeast operates as a wholesale power supply cooperative for 11 Alabama municipalities, offering electricity and natural gas supply through long-term prepay arrangements. The organization functions as a unified cooperative utility platform, with its core product being Electric Power Supply supplemented by an Alternative Energy research program (Solar Research Project), a Scholarship Program, and an Economic Development Program providing no-interest loans and grants to member cities.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Over $3 million in scholarships awarded since 1992 to graduating high school seniors from member communities
• +2 more outcomes

Named customers11 records

Segments1 record

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• J. Aron & Co. (Goldman Sachs)coreStrategic or Co-development Partner · 20 October 2025J. Aron & Co., the commodities-trading arm of Goldman Sachs, serves as the source for energy supply through Aron Energy Prepay 30 LLC. Energy Southeast is selling $425 million in bonds to prepay for a 30-year supply of electricity and natural gas sourced through this partnership.
• Aron Energy Prepay 30 LLCcoreStrategic or Co-development Partner · 20 October 2025Aron Energy Prepay 30 LLC is the entity providing the 30-year supply of electricity and natural gas to Energy Southeast, with energy sourced through J. Aron & Co. (Goldman Sachs).

Scale indicators5 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Santee Cooper (South Carolina Public Service Authority): State-owned public utility that generates, transmits, and sells wholesale electricity to cooperatives and municipal systems in the Southeast. Comparable wholesale-supply role in an adjacent geography.
• Associated Electric Cooperative Inc. Member-owned generation and transmission cooperative supplying wholesale power to distribution cooperatives across multiple states. Comparable G&T cooperative model with similar financing structures.
• PowerSouth Energy Cooperative: Alabama-based generation and transmission cooperative serving member distribution systems across the state. Directly comparable in geography, cooperative structure, and wholesale power supply role to Alabama Municipal Electric Authority.
• American Municipal Power (AMP): Nonprofit wholesale power supplier serving municipal electric utilities across multiple states. Closely comparable model to Alabama Municipal Electric Authority as a member-owned wholesale power cooperative.
• Seminole Electric Cooperative: Florida-based generation and transmission cooperative serving member distribution systems with wholesale power. Comparable wholesale supply cooperative structure to Energy Southeast in an adjacent region.
• MEAG Power (Municipal Electric Authority of Georgia): Joint-action agency providing wholesale power supply to Georgia municipal utilities, with a nearly identical member-ownership and joint-procurement model to Energy Southeast.
• Oglethorpe Power Corporation: Georgia-based electric membership cooperative providing wholesale generation and transmission services to member distribution EMCs. Comparable cooperative wholesale-supply structure to Energy Southeast.

Regional players

• Florida Municipal Power Agency (FMPA): Joint-action agency providing wholesale power supply and related services to Florida municipal utilities. Highly comparable member-municipal wholesale power cooperative model to Energy Southeast.
• Kansas Municipal Energy Agency (KMEA): Joint-action agency of Kansas municipal electric utilities providing wholesale power supply and services. Comparable member-owned municipal utility coalition model serving a different regional market.

Broad incumbents

• Tennessee Valley Authority (TVA): Federal wholesale power producer and supplier serving a large swath of the Southeast. Overlaps with Energy Southeast on wholesale electricity supply to municipal and cooperative utilities in the region, though at much larger scale.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/AMEA_Alabama

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alabama Municipal Electric Authority