Associated Electric Cooperative Inc. continues to improve its competitive position by strengthening its balance sheet, operating efficiently, proactively managing risk and preparing to meet significant challenges in the future. The cooperative succeeds by focusing on its core business of serving member systems and remaining committed to a strong and flexible financial position built with the support of its member-owners.

AECI is one of a few wholesale power providers rated AA by Standard & Poor's and Fitch Ratings Ltd. and rated A1 by Moody's Investors Service. As AECI prepares to meet capital costs for new generation to meet member load growth and environmental controls on existing coal-based generating units, there are few in the electric utility industry that have a lower cost of capital.

• Enhance AECI's position as a reliable business partner
• Facilitate access in the wholesale power market
• Benefit AECI in contract negotiations