FMPA Weekly
A weekly e-newsletter for FMPA members
July 25, 2011
LAST WEEK
Santee Cooper, FMPA Enter into Letter of Intent
Santee Cooper, which joined with SCE&G and filed an application in 2008 to build two new nuclear reactors at the V.C. Summer Nuclear Generating Station, announced last Friday it has signed a letter of intent to negotiate a potential minority interest with FMPA for a portion of the planned new nuclear project. Santee Cooper owns 45% of the V.C. Summer expansion, and SCE&G owns 55%. In 2010, Santee Cooper began evaluating its level of ownership in the new nuclear facilities, a review that continues and has been disclosed with rating agencies and other key stakeholders. V.C. Summer Units 2 and 3 are projected to come online in 2016 and 2019. The letter of intent with FMPA is for 2% to 10% of the 2,200 MW of capacity from Summer Units 2 and 3, which is roughly 5% to 20% of Santee Cooper’s ownership interest in the two new units. This letter of intent follows two previous announcements for letters of intent with Orlando Utilities Commission (OUC) and Duke Energy Carolinas. Each of these letters of intent is to negotiate for 5% to 10% of the capacity and output from the two new V.C. Summer units, or 10% to 20% of Santee Cooper’s ownership interest in the project. The OUC letter was signed in March, and the Duke Energy Carolinas letter was signed earlier last week. Contact: Nick Guarriello or Tom Reedy
Cane Island Unit 4
Cane Island Unit 4 successfully completed its first week of commercial operation last Tuesday, reaching a peak output of 321 MW. The unit is performing as expected. The natural-gas fired unit is designed to generate 300 MW, enough electricity to serve approximately 60,000 homes throughout FMPA’s 14 All-Requirements Project cities. The unit will be formally dedicated Aug. 24 at 10 a.m. Contact: David Schumann
2011 FMEA-FMPA Annual Conference
The 2011 FMEA-FMPA Annual Conference was held last week at The Breakers in Palm Beach. Vince Ruano and Nick Guarriello addressed conference attendees at the Board of Directors luncheon on Thursday, and FMPA’s various goveing boards and committees met. A copy of Vince and Nick’s speech is available on http://www.fmpa.com;
Community Power. Statewide Strength. ®