A weekly e-newsletter for FMPA members
Aug. 15, 2011
ARP, Tri-City Credit Ratings
Moody’s Investors Service downgraded the credit ratings of two of FMPA’s power supply projects last Tuesday. The All-Requirements Project (ARP) and Tri-City Project revenue bonds were downgraded to A2 from A1 with a stable rating outlook. In light of recent events in the U.S. and world economy, Moody’s has adopted a more conservative approach to credit ratings. The methodology for how certain aspects of the public power industry are rated has changed, and standards have been raised. Despite the downgrade, the ARP and Tri-City Project’s credit is still strong, and FMPA continues to maintain an excellent operating record and a solid history of financial stability. FMPA and its members are evaluating the situation and may respond, as necessary, to support the long-term credit ratings of each power supply project. The credit ratings for FMPA’s other power supply projects, including Stanton, Stanton II and St. Lucie, remain unchanged. Contact: Mark Larson
Member City Visits
Bud Boudreaux and Fred Bryant travel to Ocala on Tuesday to meet with City Manager Matt Brower, Councilwoman Suzy Heinbockel and Assistant City Manager of Utility Services Larry Novak. Bud also travels to Newberry this Friday to meet with City Manager Keith Ashby, Mayor Bill Conrad and Utilities Director Blaine Suggs.
Board of Directors
FMPA’s Board of Directors meets Thursday at 10 a.m. via conference call to review the annual performance of FMPA General Manager and CEO Nick Guarriello and FMPA General Counsel Fred Bryant. Contact: Sue Utley
All-Requirements Project Weekly Load Statistics
The weekly update of the All-Requirements Project historical load graph has been posted on the Member Portal. The graph is updated through Aug. 14. Contact: Jim Atz
Congratulations to Carter Manucy, who celebrates 15 years with FMPA on Friday, Aug. 19.
Audit and Risk Oversight Committee
FMPA’s Audit and Risk Oversight Committee will meet Aug. 22 via conference call with FMPA’s exteal auditing firm, Purvis Gray and Company. The Committee will conduct an entrance interview in preparation for the year-end audit, which is scheduled to begin Oct. 31. Contact: Rich Popp
Board of Directors
FMPA’s Board of Directors will hold a special-called meeting Aug. 25 at 8:30 a.m. in the Board room. Contact: Nick Guarriello
ARP Executive Committee
The ARP Executive Committee will meet Aug. 25 in the Board room at 9 a.m. or immediately following the Board of Directors meeting. Contact: Nick Guarriello
CR3 Participants’ Annual Meeting
The Crystal River Unit 3 participants’ annual meeting will be held Aug. 29 at 10:30 a.m. in the plant’s cafeteria/conference building. Lunch and a tour of the plant will be provided.
FMPA will hold its semi-annual Lineman’s Roundtable on Oct. 20 at Ocala Utility Services’ Operations Center. The roundtable provides a forum for line crews to exchange ideas on operating practices, safety, training, tools and equipment. Contact: Sharon Samuels
APPA Smart Grid Summit
The American Public Power Association’s (APPA) Smart Grid Summit will be held Nov. 14 and Nov. 15 in Orlando at the Hyatt Regency Grand Cypress. The summit is an opportunity for utility personnel, as well as board members and city council members, to network and lea how to use smart grid technology in their communities. A wide variety of topics will be covered, including cyber security issues, smart grid standards and regulations, data management, smart grid benefits and the importance of effective customer communication. In conjunction with the Smart Grid Summit, APPA will hold a course Nov. 14 and Nov. 15 on the new National Electrical Safety Code, as well as a NERC Compliance Plan Development Workshop on Nov. 16 and Nov. 17. The additional workshops will also be held at the Hyatt Regency Grand Cypress. Additional summit information is available on