FMPA Weekly | Sept. 10, 2012 | Member Edition

FMPA Weekly

A weekly e-newsletter for FMPA members

 

Sept. 10, 2012

 


 

 

LAST WEEK

 

Maximo Workshop

FMPA hosted a workshop last week to discuss Maximo, the enterprise asset management system used by its power plants. A representative from Maximo met with FMPA staff and plant personnel from Cane Island Power Park, Stock Island Generating Facility and Treasure Coast Energy Center to discuss work order processes. Contact: David Schumann


 

Cane Island 3

Cane Island Unit 3 was taken offline last Friday for a scheduled maintenance outage. Representatives from General Electric were on-site to perform a borescope inspection of the combustion turbine and to take samples of the catalyst that removes emission pollutants. The unit is scheduled to be brought online Monday. Contact: David Schumann

 

 


 

 

THIS WEEK

 

Transmission Access Policy Study Group  

Frank Gaffney and members of the Transmission Access Policy Study Group will be in Washington, D.C., on Monday through Wednesday to meet with Federal Energy Regulatory Commission (FERC) staff, FERC commissioners and Congressional staff. Discussion topics will include: 1) FERC order 1000, 2) cybersecurity legislation, 3) the progress of North American Electric Reliability Corporation reliability standards and more.


 

Debt Restructuring

FMPA is scheduled to close Wednesday on the sale of $136 million of St. Lucie and Stanton II bonds. FMPA’s Board of Directors approved the refinancing at its August meeting to secure an economical interest rate and to reduce basis risk and interest rate risk. FMPA will purchase and retire $62.5 million in St. Lucie Series 2000 and 2002 auction rate securities. FMPA will also purchase and retire $23.9 million in Stanton II Series 2000 and 2002 auction rate securities, refund $52 million in Stanton II Series 2002 bonds and issue $8.2 million of new money for Stanton II. As part of the refinancing, FMPA has offered to buy back a portion of its St. Lucie Project and Stanton II project auction-rate securities at a proposed discount from Morgan Stanley. FMPA’s Finance Committee plans to discuss the tender offer further in the coming weeks. Contact: Mark Larson


 

Joint Purchase Project

FMPA’s Joint Purchase Project meets Thursday at 10 a.m. in FMPA’s first-floor conference room. Contact: Sharon Samuels


 

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 Sept. 9. Contact: Jim Atz


 

Special Dates 

Congratulations to Ann Beckwith, who celebrates 11 years with FMPA on Monday, Sept. 10.


Congratulations to Nick Guarriello, who celebrates three years with FMPA on Sunday, Sept. 16.

 

 


 

 

COMING UP

 

FMPA Compliance Workshop

FMPA will host a two-day Compliance Workshop on Sept. 17 and Sept. 18 in the Board room to discuss topics including North American Electric Reliability Corporation standards, southwest outage and document classification. Contact: Frank Gaffney


 

Human Resources Roundtable

FMPA will host a Human Resources Roundtable on Sept. 19 at 10 a.m. in the Board room. The roundtable provides a forum for participants to discuss topics, such as benefits, recruiting, employee retention, training, policies and more. Lunch will be provided, and http://www.fmpa.com/index.php/component/registrationpro/?view=event&did=46>registration; is requested. Participation in the roundtable via teleconference will be available for those unable to attend in person. Contact: Sharon Smeenk


 

Public Power Week
Public power utilities will celebrate
Public” rel=”nofollow”>http://www.publicpower.org/special/index.cfm?ItemNumber=9421>Public Power Week Toolkit, provided by the American Public Power Association (APPA), includes a variety of free and low-cost materials to help utilities promote their value. Ideas include writing a letter to the editor of your local newspaper, creating an informational board for your front lobby or hosting a social media contest. Visit registerhttp://www.fmpa.com/index.php/component/registrationpro/?view=event&did=4>register; is Sept. 28. Contact: Sharon Samuels


 

FMEA Utility Education Days

The 2012 Florida Municipal Electric Association (FMEA) Utility Education and Trade Show Days are scheduled for Oct. 18 and Oct. 19 at the Hilton University of Florida Conference Center in Gainesville. The event brings together professionals from the energy industry for top-notch speakers and a review of the latest in utility products and services. Topics include customer service, safety and training, transmission and distribution, and lineworker skills. The hotel registration deadline is Sept. 17. Visit theFMEA’s http://publicpower.com/utility-education-days/>website; for more information or to register.

 

 


 

 

INDUSTRY NEWS

 

PSC to Hold Nuclear Cost Recovery Hearing Beginning Monday

The Florida Public Service Commission (PSC) will conduct a hearing beginning Monday to discuss petitions filed by Florida Power & Light and Progress Energy Florida to recover the costs of nuclear power plant projects under the Nuclear Cost Recovery Clause. FPL is requesting $151.5 to upgrade existing facilities at its St. Lucie plant and add two new reactors to its Turkey Point plant. The amount would increase the monthly bill of a residential customer using 1,000 kWh by $1.65. The PSC deferred Progress’ request for $9 million to repair the closed Crystal Unit nuclear plant. The company has yet to decide whether to complete the repairs or decommission the plant and it has an unresolved insurance claim pending. During the hearing, information will be examined conceing FPL and Progress’ activities and cost of siting, licensing and constructing enhancements to their current and new nuclear facilities. The hearing will also include information conceing the determination of costs eligible for recovery during 2013. The hearing is scheduled to continue through Thursday, and the commission is scheduled to vote on the cost recovery amounts Nov. 20.


 

KUA to Decommission Hansel Power Plant  

Kissimmee Utility Authority’s Roy E. Hansel Generating Station will be taken offline permanently at midnight on Sept. 30, drawing to a close a significant chapter in Kissimmee’s history. The KUA Board of Directors recently approved the decommissioning of the 50 MW plant because it was no longer economical to operate. The plant and supporting equipment will be demolished and the property retued to the city for future development. KUA will hold open houses on Sept. 11 and Sept 25 from 6p.m. to 8 p.m. for guests to tour the power plant, visit the control room and autograph the generator.

 

 


 

 

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


 



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