FMPA Weekly
A weekly e-newsletter for FMPA members
July 9, 2012
LAST WEEK
Lake Worth Litigation Settlement
The Leon County Circuit Court last Monday approved the stipulation and settlement of the lawsuit with Lake Worth. The dispute was over who should pay for certain natural gas transportation for the city’s Smith Plant. The ARP Executive Committee approved an $850,000 settlement during its May meeting. The settlement will be paid in two $425,000 installments. The first $425,000 payment will be made Aug. 2, and the second $425,000 installment will be paid Oct. 1. Contact: Nick Guarriello
THIS WEEK
ARP Telephonic Rate Workshop
The ARP Executive Committee meets Monday at 2 p.m. via conference call for the monthly All-Requirements Project rate workshop. The agenda includes: 1) an update on natural gas markets, FST and liquidity, 2) an overview of June operations, loads, costs and rate calculations, and 3) estimated rates for July through September. The full agenda package is available on the Member Portal. Contact: Jim Atz
PGP Meeting
Public Gas Partners (PGP) meets Tuesday at 10 a.m. via conference call to provide members with status updates on its projects. Contact: Mark Larson
RFQ Deadline
Tuesday is the deadline to submit registerhttp://www.fmpa.com/index.php/component/registrationpro/?view=event&did=45>register; is July 30. Contact: Sharon Samuels
INDUSTRY NEWS
Duke-Progress Complete Merger, Progress CEO Out
Duke Energy and Progress Energy said last Tuesday they had completed their merger to form the nation’s largest electric company. But the normally routine event came with a twist. Bill Johnson, who was tapped to lead the combined company as president and chief executive, decided to leave by mutual agreement, the companies said. Duke CEO Jim Rogers, who was expected to be executive chairman, has instead been named CEO of the new company. The company declined to answer questions about the switch. The company leaders indicated in discussions Tuesday that Johnson’s departure was not related to material performance of Progress, but offered no other details. Johnson did not explain his reasons for leaving in an email to Progress. Rogers has twice before been the CEO leading his company through a merger, first when PSI Energy became part of Ohio-based Cinergy in 1988 and again when Cinergy merged with Duke Energy in 2006. Duke won federal approval June 8 for the merger announced in January 2011. The North Carolina Utilities Commission voted in favor of the deal last week. South Carolina’s Public Service Commission approved an agreement last Monday.
Senate Confirms Macfarlane and Svinicki to NRC
The U.S. Senate on June 29 confirmed geologist Allison Macfarlane as the new chairman of the Nuclear Regulatory Commission (NRC). Macfarlane will serve the remaining term of outgoing Chairman Gregory Jaczko, who announced his resignation in May. The Senate also approved current Commissioner Kristine Svinicki for a new five-year term. Both were confirmed without dissent.
FMPA Weekly is published by FMPA for employees and goveing boards of FMPA member utilities. Questions or comments about this newsletter may be directed to Ryan Dumas or Jane Stewart This e-mail address is being protected from spambots. You need JavaScript enabled to view it in FMPA’s Public Relations Department.
Want more background on the names and terms used in this newsletter? Check out FMPA’s Glossary, which features some of the most frequently mentioned committees, companies, places and terms, or contact the person named in each FMPA story to lea more. (Click here for the Staff Directory.)
Have a question, comment or story idea for the newsletter? FMPA welcomes your feedback at any time. Contact: Ryan Dumas or Jane Stewart
Florida Municipal Power Agency
8553 Commodity Circle
Orlando, FL 32819-9002
Tel 407 355-7767
Fax 407 355-5794
http://www.fmpa.com/>www.fmpa.com;
Community Power. Statewide Strength. ®