A weekly e-newsletter for FMPA members
Sept. 24, 2012
FMPA’s Finance Team met last Monday via conference call with Nat Singer, FMPA’s swap advisor. Discussion topics included: 1) whether or not to proceed with public tender offers for St. Lucie and Stanton II project bonds seeking to buy back bonds at a discount, and 2) proceeding with fixed-rate financings from PNC Bank for the Stanton and Tri-City projects. FMPA’s Finance Committee will meet weekly to discuss transaction options. Contact: Janet Davis
ARP Conservation Program
The All-Requirements Project’s Conservation Program was renewed at a funding level of $750,000 beginning Oct. 1, and the fiscal 2013 Program Quarterly Report Form is now available on the Member Portal. Members should use the updated form to report funds distributed from Oct. 1 forward. Members are reminded to submit fourth quarter reports documenting activity from July through September by Oct. 15. Contact: Sharon Smeenk
Member City Visits
Bud Boudreaux and Fred Bryant travel to Ocala on Monday to meet with City Manager Matt Brower, City Council President Suzy Heinbockel and Assistant City Manager Larry Novak. On Tuesday, Bud travels to Lakeland to meet with Lakeland Electric General Manager Joel Ivey and Legislative and Regulatory Relations Manager Roger Lewis.
FMPA conducts a peer review Monday and Tuesday of two departments at a member city. FMPA’s Peer Review program allows municipal electric utilities to request an independent review of its policies, procedures and practices in specific functional areas. Reviews are conducted by subject-matter experts from municipal systems around Florida. After the assessment is complete, a report is developed with observations and recommendations. Contact: Sharon Smeenk
Board of Directors
FMPA’s Board of Directors meeting originally scheduled for Thursday at 9 a.m. in the Board room has been cancelled. Contact: Nick Guarriello
FMPA’s Audit and Risk Oversight Committee originally scheduled for Thursday at 8 a.m. has been rescheduled for 9 a.m. in the Board room. Action items include: 1) accepting and approving statement of financial accounting standards #71 transactions, and 2) recommending modifications to ISDA agreements and associated amendments and swap contracts to FMPA’s Board of Directors and the ARP Executive Committee. The full agenda package is available on the Member Portal. Contact: Rich Popp
ARP Executive Committee
The ARP Executive Committee meeting originally scheduled for Thursday at 9 a.m. has been rescheduled for 10 a.m. in the Board room. Action items include: 1) approving the renewal of the engagement letter with Swap Financial, 2) approving modifications to ISDA agreements and associated amendments and swap contracts to FMPA’s Board of Directors and the ARP Executive Committee, and 3) approving the GANT+ Plan. The full agenda package is available on the Member Portal. Contact: Nick Guarriello
Friday is the last day to http://www.fmpa.com/index.php/component/registrationpro/?view=event&did=4>register; for FMPA’s Lineman’s Roundtable on Oct. 11 at 10 a.m. in Mount Dora. The roundtable provides a forum for line crews to exchange ideas on operating practices, safety, training, tools, equipment and other common issues. Attendance is free, and lunch will be provided. 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. 23. Contact: Jim Atz
Congratulations to Mark Larson, who celebrates 10 years with FMPA on Tuesday, Sept. 25.
Congratulations to Michele Jackson, who celebrates four years with FMPA on Sunday, Sept. 30.
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 the customer service lobby or hosting a social media contest. Visit http://www.fmpa.com
Community Power. Statewide Strength. ®