The Massachusetts Municipal Wholesale Electric Company is a nonprofit, public corporation and political subdivision of the Commonwealth of Massachusetts. MMWEC is the joint action agency for the consumer-owned, municipal utilities of Massachusetts. The company provides a wide range of power supply, financial services including bond issuance, money management, treasury, accounting and budgeting services. Other services include engineering and project operations, risk management, information systems and business services. In addition, MMWEC is an advocate for municipal utility interests in the development of New England s electricity marketplace, as well as a variety of regulatory, legislative and judicial forums. MMWEC was established in 1969.