A weekly e-newsletter for FMPA members
June 3, 2013
Mark Larson met last Tuesday via conference call with representatives from Wells Fargo to discuss their analysis of the Taylor interest rate swaps and options to minimize the termination costs. The ARP Executive Committee will discuss the swaps during its next meeting, scheduled for June 20.
All-Requirements Project May Load Statistics
The All-Requirements Project’s peak for May was 1,079 MW, which occurred May 24 between 4 p.m. and 5 p.m. The project’s load factor for May was 63%. Load factor is a ratio of actual energy (MWh) used during the period versus what would have been consumed if demand was at peak for the entire period. A higher load factor indicates more effective system utilization and results in lower average costs. The month’s peak was 98% of the budgeted peak, and energy was 96% of the budget. A graph showing the All-Requirements Project hourly load for May is available on the Member Portal. Contact: Jim Atz
Member City Visit
Bud Boudreaux travels to Wauchula on Thursday for a member city visit with City Manager Terry Atchley.
Business Planning and Budget Committee
FMPA’s Business Planning and Budget Committee meets Thursday at 9:30 a.m. in the Board room for its second review of the Agency’s proposed fiscal 2014 budget and its first review of the project budgets. Contact: Mark Larson
ARP Telephonic Rate Workshop
The ARP Executive Committee meets Thursday 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 May operations, loads, costs and rate calculations, and 3) estimated rates for June through August. Contact: Jim Atz
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 June 2. Contact: Jim Atz
Congratulations to Steve Ruppel, who celebrates 15 years with FMPA on Saturday, June 8.
2013 FMEA-FMPA Annual Conference
Saturday is the hotel reservation deadline for the 2013 FMEA-FMPA Annual Conference, scheduled for July 16-19 at Sanibel Harbour Resort in Fort Myers, Fla. Conference topics will include: 1) ratemaking for policy makers, 2) the cyber security threat and how to address it, 3) Florida politics, 4) successful policies to improve credit and collections, and more. FMEA will award complimentary conference registration for one policy maker per FMEA member. Recipients of the Policy-Maker Scholarship must be a first-time conference attendee and be accompanied by a senior-level city or utility employee who is registered for the conference. Visit http://publicpower.com/fmea-fmpa-annual-conference/” target=_blank>FMEA’s website for conference and hotel registration information.
APPA Business & Financial Conference
FMPA and the Florida Municipal Electric Association are co-hosting the American Public Power Association’s websitehttp://www.publicpower.org/BandF/index.cfm?ItemNumber=30529&navItemNumber=30536>website; for more information.
FERC Chairman Announces Resignation
Jon Wellinghoff submitted his resignation last Tuesday as chairman of the Federal Energy Regulatory Commission, although he will stay on the commission until a replacement is nominated and confirmed by the Senate. Wellinghoff has served as chairman since 2009 and has been a commissioner since 2006. His term expires June 30, but he can remain on the commission until Congress approves a replacement or until Congress formally adjous, expected at the end of 2013.
Ethel Urbina Appointed to KUA Board
The Kissimmee City Commission appointed Ethel Urbina to a five-year term on the Kissimmee Utility Authority Board of Directors effective in October. Urbina is a real estate broker and owner of Mercedes Investments, LLC in Kissimmee. She is a former AT&T executive with 27 years of service in the United States, Nicaragua and Puerto Rico. In addition, she worked six years for the govement of Nicaragua. Urbina will fill the seat vacated by outgoing director Fred Cumbie, who has served the maximum of two terms.
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 Allison Briggs 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.)
Florida Municipal Power Agency
8553 Commodity Circle
Orlando, FL 32819-9002
Tel 407 355-7767
Fax 407 355-5794
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