Alpena Power Company
401 North 9th Ave.
Alpena, Michigan 49707
Energy Thrift Certificate Program Overview
This announcement and description are neither an offer to sell nor a solicitation of an offer to buy or exchange these certificates.
| December 19, 2011 | TERM | INTEREST RATE |
| 6 MONTH | 0.50 % | |
| ALPENA POWER COMPANY | 2 YEAR | 1.25 % |
| ENERGY THRIFT | 3 YEAR | 1.50 % |
| CERTIFICATES | 4 YEAR | 2.00 % |
| 5 YEAR | 2.25 % | |
| AMOUNTS OF $1,000 AND | 6 YEAR | 2.75 % |
| OVER (MULTIPLE OF $1,000) | 7 YEAR | 3.25 % |
| Interest rates shown above are effective only for those certificates issued during the following period: | ||
| December 20, 2011 |
THROUGH | January 16, 2012 |
These certificates are unsecured and do not represent an ownership interest in Alpena Power Company. They are redeemable prior to maturity only at the option of the company upon 90 days published notice. Interest and principle on certificates with maturity of 6 months will be paid at maturity. Interest on certificates with maturity of 2 years and over will be paid quarterly.
These certificates have not been registered under the Federal Securities Act of 1933. They are offered for sale only to investors who are domiciled in the State of Michigan. They may not be pledged, sold or transferred in the absence of an effective registration statement covering these certificates under the Federal Securities Act of 1933.
- Energy Thrift Note Certificates are offered in $1,000 increments;
- Pay a fixed interest rate per the terms and agreement of each note;
- Investors must be domiciled in the State of Michigan;
- Interest and principal on certificates with maturity of 6 months will be compounded quarterly and paid at maturity;
- Interest on certificates with maturity of 2 years and over will be paid quarterly or compounded quarterly and paid at maturity;
- Energy Thrift Note Certificates are unsecured and do not represent an ownership interest in Alpena Power Company; and
- Are redeemable prior to maturity only at the option of the company upon 90 days published notice.
The above points are just some of the many key elements of Alpena Power Company’s Energy Thrift Program. Potential investors should consult with their own investment advisor and/or tax professional.
THESE CERTIFICATES CAN BE OBTAINED FROM ANY DESIGNATED OFFICER OR EMPLOYEE OF ALPENA POWER COMPANY, AT ALPENA POWER COMPANY, 401 NORTH NINTH AVENUE, ALPENA, MICHIGAN, (989) 358-4900
