Purchased by the citizens of Anchorage, Alaska, in 1932 under the name of Anchorage Light and Power Company, Anchorage Municipal Light & Power services an area of nearly 20 contiguous miles, including a large portion of the commercial and high-density residential areas of the city. The company provides electric service to approximately 25,000 residential customers and more than 6,000 commercial customers. In addition, the company provides all-requirements power to two military bases. Approximately 80 percent of the company s retail revenue comes from commercial accounts and military bases. Anchorage Municipal Light & Power has a one-third working interest in the Beluga River gas field and also owns more than 50 percent of the Eklutna hydroelectric power plant. As one would expect, Anchorage Municipal Light & Power maintains its corporate headquarters in Anchorage, Alaska.