FMPA Weekly
A weekly e-newsletter for FMPA members
July 5, 2011
LAST WEEK
St. Lucie Project Revenue Bonds
FMPA closed last Tuesday on $59.2 million of St. Lucie Project revenue bonds. The Series A bonds of $34.9 million will be used to refund auction-rate securities tendered by Citi, and the Series B bonds of $24.3 million will fund FMPA’s portion of capital expenses associated with a 103 MW uprate of St. Lucie Unit 2. Contact: Janet Davis
Three Phase Times
FMPA’s Power Resources Division published the May issue of Three Phase Times on the Member Portal. It includes information on the All-Requirements Project’s (ARP) system peak, hourly load comparisons, resource fuel mix, natural gas usage, natural gas market pricing and other performance information for ARP. The newsletter reported that natural gas represented 60.2% of the ARP’s generation fuel mix during May, an increase of 0.7% from April’s fuel mix. Actual ARP energy resources totaled 569,313 MWh, which was 1.2% lower than what was projected in the short-term forecast. Also, Cane Island Combined Cycle Unit 2 was out of service for less than two days, due to motor and circuit breaker issues. Contact: Tom Reedy
IRS Mileage Rate Increase
The Inteal Revenue Service (IRS) has increased the standard mileage rate used to calculate the deductible costs of operating an automobile for business and other purposes. The rate increased by 4.5 cents per mile, from 51 cents to 55.5 cents. The adjustment was prompted by higher gas prices, according to the IRS. The new rate is effective July 1, 2011, through Dec. 31, 2011. The change has been updated in FMPA’s Travel Expense Report Form for the Executive Committee’s travel expense reimbursement policy. Committee members can download the updated form from the Member Portal. Contact: Mark Larson
Manucy Transitions to Power Resources Division
Carter Manucy transitioned into his new position as Cyber Security Program Manager last Friday and will now report to Tom Reedy. Carter will continue to perform his duties as Information Technology Manager until the position is filled. Interviews are expected to wrap up later this month.
Municipals Mou Death of Former KUA Chairwoman
Kissimmee Utility Authority former Chairwoman Nancy F. Gemskie passed away last Friday evening at the age of 63. She joined the utility board in 2000 and was its first female member. In her 10 years on the board, she served as director, assistant secretary, secretary, vice chairwoman and chairwoman. In recognition of her decade of service, the boards of directors of KUA and FMPA in 2010 paid tribute to Gemskie by naming the fourth combustion turbine at its Cane Island Power Park in her honor. “We are deeply saddened by Nancy’s death, said Jim Welsh, KUA president and general manager. “Those of us who knew her respected her as a civic leader with an inexhaustible passion for this community. I can’t begin to express the great personal loss to me, as well as to the entire KUA family.’’
THIS WEEK
ARP Telephonic Rate Workshop
The ARP Executive Committee meets Thursday via conference call at 2 p.m. for the monthly All-Requirements Project rate workshop. The agenda includes: 1) an update on natural gas markets and liquidity, 2) an overview of June loads, costs and rate calculations, and 3) estimated rates for August through September Contact: Jim Atz
FMPA Logo Apparel Orders
FMPA logo apparel is now available for FMPA members and staff to order. The online catalog, which is located on the Member Portal, features an updated selection with new polos, ladies’ cardigans and more. FMPA will pay the cost of embroidering FMPA’s logo on two items per eligible participant per fiscal year. Each participant is responsible for paying the cost of purchasing each apparel item. Orders must be placed by July 15. Contact: Sara Barron
All-Requirements Project Monthly Load Statistics
The All-Requirements Project’s peak for June was 1,243 MW, which occurred June 21 between 4 p.m. and 5 p.m. The project’s load factor for June was 66%. Load factor is a ratio of actual energy (MWh) used during the period versus what would have been consumed if demand was at peak for the entire period. A higher load factor indicates more effective system utilization and results in lower average costs. The month’s peak was 101% of the budgeted peak, and energy was 100% of budget. A graph showing the All-Requirements Project hourly load for June is available on the Member Portal. Contact: Jim Atz
Special Dates
Congratulations to Janet Davis, who celebrates 12 years with FMPA on Wednesday, July 6.
Congratulations to Tina Garza, who celebrates eight years with FMPA on Saturday, July 9.
Congratulations to Jeff Hanson, who celebrates five years with FMPA on Sunday, July 10.
COMING UP
ARP Quarterly Conservation Program Report
All-Requirements Project members are reminded to submit their quarterly report documenting conservation program efforts between April 1 and June 30. Report data is used to calculate the reimbursement amount for each member and the estimated energy savings of the Conservation Program. Reports are due by July 15. Contact: Sharon Smeenk
2011 FMEA-FMPA Annual Conference
The 2011 FMEA-FMPA Annual Conference will be held July 19-21 at The Breakers in Palm Beach, Fla. On July 19, the conference kicks off with two pre-conference seminars: 1) electric utility 101, and 2) crisis communications. The following days feature general sessions and breakout sessions on a variety of important and timely topics. Visit Registrationhttp://www.regonline.com/Register/Checkin.aspx?EventID=974697>Registration; is required. Visit http://www.fmpa.com;
Community Power. Statewide Strength. ®