A weekly e-newsletter for FMPA members
Dec. 20, 2010
Quincy Power Sales Contract
The power sales contract between FMPA and the city of Quincy was unanimously approved by the City Commission last Tuesday. The agreement, which specifies that FMPA will supply approximately 23MW over a five-year period, marks the first time that FMPA has sold firm, full-requirements capacity to a non-All-Requirements Project (ARP) participant. The contract is effective Jan. 1, 2011, and will benefit the ARP participants by generating additional revenue to lower the project’s overall power costs. Special thanks to Tom Reedy, Jody Finklea, Richard Montgomery, Joe McKinney, Chris Smart, Chris Gowder, Juan Bailey and Peter Moore for their hard work and dedication to this project.
Keys TARP and O&M Agreements
The Utility Board of the City of Key West approved the True All-Requirements Project Agreement and the Operations and Maintenance Agreement last Wednesday. The agreements, which transfer ownership of all generating units at Keys Energy Services’ to FMPA, were approved by the ARP Executive Committee Dec. 9. This transfer of generating assets moves the All-Requirements Project closer to the One Utility Concept that members have been working toward for many years. Special thanks to Keys Energy Services staff and Tom Reedy, Jody Finklea, Rich Popp, Joe McKinney, David Schumann and Tim Jackson for their tireless work on this project.
BreadBasket Holiday Donation
FMPA, Kissimmee Utility Authority and Zachry donated $3,000 last Thursday to the Central Florida Community BreadBasket, a food bank near the Cane Island Power Park that assists more than 1,200 families per day in Osceola, Orange and Polk counties. The contribution marks the third consecutive year that the Cane Island Unit 4 construction partners have made a donation to help feed the hungry during the holidays. Photos are available on the Member Portal.
FMPA’s Treasury Department closed on $20.5 million in bonds last Friday to fund capital expansion for the St. Lucie Project. The bonds amortize between 2011 and 2021 and have a low interest rate of 2.72%. Contact: Mark Larson or Janet Davis
FMPA’s Energy Supply and Fuels Department published the latest issue of HedgeSite on the Member Portal last week. The newsletter contains updates on FMPA’s natural gas hedges, storage and physical gas supply, as well as industry updates, information on investor-owned utilities’ fuel costs and FMPA’s historical load trends. Contact: Richard Montgomery
FMPA’s 12th Annual Holiday Gift Drive
FMPA staff delivered gifts last Thursday to grant the holiday wishes of 75 children from Children’s Home Society. FMPA employees donated toys, electronics, bikes, clothes and more as part of the Agency’s 12th Annual Holiday Gift Drive. Photos of the gift delivery are available on the Member Portal.
Holiday Office Closure
FMPA’s offices will be closed this Friday in observance of the Christmas holiday. Best wishes to all for a safe and happy holiday.
All-Requirements Project Load
The weekly update of the All-Requirements Project historical load graph has been posted on the Member Portal. The graph is updated through Dec. 19. Contact: Jim Atz
Professional Development Hours for Engineers
FMPA has partnered with SunCam Continuing Education to offer a training program on rules and laws for Florida engineers. The online course provides professional development hours for professional engineers. For information about this cost-effective and convenient way to ea professional development credits, contact Mike Siefert.
Policy Makers Liaisons Committee
Save the date: The next meeting of FMPA’s Policy Makers Liaisons Committee is Jan. 26, 2011, at 2 p.m. in FMPA’s first-floor conference room. An agenda package will be e-mailed to members one week before the meeting. Contact: Mark McCain
Nuclear Nonoperating Owners Group Conference
FMPA and Orlando Utilities Commission host the 2011 Nuclear Nonoperating Owners Group conference April 12-15 in Orlando. Attendees will tour the Orlando Mitsubishi generation repair facility and get a behind the scenes peek at Universal Studios’ operations. This year’s conference features first-class presentations by industry leaders, regulators and peers. Additional conference details are being arranged, but it’s never too soon to start planning. Registration fees are $350 for the conference and $50 for the pre-conference tours. A block of rooms at the Embassy Suites Jamaican Court has also been reserved at a rate of $129 per night for single or double occupancy. For more information, contact Steve Ruppel.
Senator Presses FERC to Release Study on Renewables’ Impact on Reliability
Sen. Lisa Murkowski has asked the Federal Energy Regulatory Commission (FERC) to release the results of a study detailing how much intermittent renewable energy can be used without disrupting the reliability of the nation’s power grid. Murkowski, the ranking Republican on the Senate Energy and Natural Resources Committee, asked FERC Chairman Jon Wellinghoff to release the study prior to the start of the 112th Congress in January. In May 2009, FERC announced the six-month study, which arose from FERC engineers’ conces about reliability impacts of adding significant amounts of intermittent resources to the grid. Nineteen months later, the report has not been finalized and has been delayed for an indefinite period. “The study will be invaluable for federal and state officials tasked with formulating energy policy, Murkowski said. “As policymakers, we need [this] information sooner rather than later.
APPA Seeks Nominations for 2011 Annual Awards
American Public Power Association (APPA) is seeking nominations for the association’s 2011 major annual awards honoring vision, dedication, talent and creativity in public power communities. Members of APPA are invited to nominate utilities of all sizes and individuals in various career states who have demonstrated dedication to public power and made significant contributions to the industry. A PDF describing APPA’s awards can be found on http://www.publicpower.org/special/index.cfm?ItemNumber=9313&navItemNumber=21077>www.publicpower.org;. The deadline for submissions in Jan. 31, 2011, and awards will be presented at APPA’s 2011 National Conference in June.
KUA CFO Wins Award
A panel of judges from the Orlando Business Joual named Kissimmee Utility Authority Vice President of Finance and Risk Management Joe Hostetler as one of its CFOs of the Year. The annual competition honors CFOs for their contributions and commitment to their profession, as well as outstanding performance as corporate stewards.