FMPA Weekly
A weekly e-newsletter for FMPA members
Feb. 23, 2009
LAST WEEK
ARP Executive Committee
The ARP Executive Committee met last Thursday and approved action items including: 1) an increase in legal, technical and risk management consultant fees for negotiating possible participation in Progress Energy Florida’s proposed Levy County nuclear plant, 2) consulting agreements with R.W. Beck related to the Levy County nuclear plant, 3) revisions to the natural gas and fuel oil risk policy, 4) storage fees for the GE gas and steam turbine generators for Cane Island Unit 4, 5) a fixed-rate bond issue for the All-Requirements Project, 6) approval of a process for selecting an independent auditor, and 7) authorization to repair Stock Island Combustion Turbine 2.
Budget Committee
The Budget Committee met Friday to kick off preparations for the fiscal 2010 budget. In addition to discussing budget parameters, the Committee discussed delaying the budget development schedule to allow more time to integrate the strategic plan. The schedule as discussed would have the budget approved by the Budget Committee in July, with final approval by the Board and Executive Committee in July at the annual conference. The proposed schedule will be sent to the Committee to review, and a vote on the schedule will take place at a conference call to be schedule in the future. Contact: Mark Larson
Rating Agency Visit
Dan Aschenbach of Moody’s Investors Service visited FMPA last Monday. Many topics were discussed, including: 1) Cane Island Unit 4 construction and a new bond issue, 2) future power supply opportunities, particularly nuclear, 3) hedging, 4) liquidity, 5) strategic planning, and 6) an update on the Agency’s leadership. Contact: Mark Larson
Correction
Lori Ann Cutrer, is a consultant to FMPA working as Site Document Control Specialist for the Cane Island Unit 4 project. She is not an FMPA employee. Her position was reported incorrectly in last week’s FMPA Weekly.
THIS WEEK
APPA Legislative Rally
Nick Guarriello, Fred Bryant, Mark McCain and nearly 40 representatives of Florida’s municipal electric utilities will attend the APPA Legislative Rally in Washington, D.C., on Monday to Thursday. While in the nation’s capitol, they will meet with elected representatives to discuss energy and environmental issues. FMPA will host a reception on Wednesday evening for Florida’s Congressional Representatives and Congressional staff. Representatives from 18 municipal electric utilities in Florida are participating in this year’s Rally. For more information on issues that will be discussed, visit the newly created Legislative Issues section of the Members Portal.
Cane Island Unit 4
Representatives from FMPA, KUA and Zachry meet Wednesday and Thursday at Cane Island Power Park to discuss Cane Island Unit 4, including the coordination of interconnection and switchyard upgrades. Contact: Steve Carroll
Member Visits
Bud Boudreaux travels to Bushnell on Thursday as part of his responsibilities to enhance communication and build relationships between FMPA and its members. Bud’s monthly visitation reports are posted on the Members Portal.
Lineman’s Competition
Orlando Utilities Commission hosts the 2009 Florida Lineman’s Competition on Friday and Saturday. The competition will be held on grounds near the Orange County Convention Center. This year’s events will include two days of training and networking for all participants. Technical training workshops will be offered Friday to all registered lineworkers, and the competition and awards banquet will be held Saturday. Established in 2001, the competition showcases the skills and knowledge of lineworkers in a fun and safe environment. For more information, visit APPA” rel=”nofollow”>http://www.appanet.org/utility/utility.cfm?ItemNumber=21923&navItemNumber=21021>APPA Energy Efficiency Resource Central Web site. The article discusses the large role energy efficiency plays in the American Recovery and Reinvestment Act of 2009. To view the article, visit