AMP | Michigan Radio


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Four Michigan cities may have made a financial mistake that will last decades.

Hillsdale, Clinton, Marshall, and Coldwater were among dozens of cities in nine states that signed 50-year contracts for electricity from a company called American Municipal Power, or AMP.

That electricity is now far more expensive than what the cities could obtain on the open market, according to a study by David Schlissel of the Institute for Energy Economics and Financial Analysis.