FMPA Weekly
A weekly e-newsletter for FMPA members
March 3, 2014
LAST WEEK
2013 Annual Report
FMPA’s fiscal 2013 Annual Report titled “Imagine Forward is complete. The report was distributed last week to FMPA employees and will be mailed soon to members and others. The report is also available on FMPA’s http://www.fmpa.com/index.php/annual-report>website; in the Investor Relations section, along with previous annual reports. Contact: Mark McCain
All-Requirements Project February Load Statistics
The All-Requirements Project’s peak for February was 845 MW, which occurred Feb. 14 between 7 a.m. and 8 a.m. The project’s load factor for February was 67%. 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 85% of the budgeted peak, and energy was 99% of the budget. A graph showing the All-Requirements Project hourly load for February is available on the Member Portal. Contact: Jim Atz
THIS WEEK
ARP 2014 Load Forecast
FMPA’s Planning Department is finalizing the 2014 All-Requirements Project (ARP) load forecast, which predicts peak and energy loads for ARP member cities. The forecast is for a 20-year period from 2014 through 2034. The forecast will be presented at the ARP Executive Committee meeting in April. Contact: Michele Jackson
Member Survey Deadline
Friday is the deadline to participate in FMPA’s Board of Directors Member Relations Survey. The seven-question survey should take less than five minutes to complete. Survey results will be shared with members and staff in April. Contact: Mark McCain
Distribution Reliability Roundtable
FMPA hosts a Distribution Reliability Measurement Roundtable Wednesday at 10 a.m. in the Board room. The roundtable provides a forum for participants to discuss topics including: reporting process, definitions and interpretations, best practices and more. Attendance is free, and lunch will be provided. Contact: Sharon Smeenk
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 and liquidity, 2) an overview of February operations, loads, costs and rate calculations, and 3) estimated rates for March through April. Contact: Jim Atz
Special Dates
Congratulations to Sue Utley, who celebrates 10 years with FMPA on Saturday, March 8
Congratulations to Johnny Lee, who celebrates 27 years with FMPA on Sunday, March 9.
COMING UP
Joint Purchase Project
FMPA’s Joint Purchase Project will meet March 13 at 10 a.m. in FMPA’s first-floor conference room. Contact: Sharon Samuels
Florida Lineman Competition
Friday is the last day to register teams for the 14th annual Florida Lineman Competition scheduled for March 28 and March 29 in Ocala. FMPA sponsors the top prizes, which pay travel expenses for the top apprentice and top team to attend a national competition. For more information, visit the FMEA’s” rel=”nofollow”>http://publicpower.com/fmea-legislative-rally/>FMEA’s website for more information and to register.
IT Community Roundtable
FMPA will host an Information Technology (IT) Community Roundtable on April 10 at 10 a.m. in the first-floor conference room. The roundtable provides an opportunity for IT staff to discuss common topics, such as email usage, computer security, product help, best practices and more. Attendance is free, and lunch will be provided. http://fmpa.com/index.php/component/registrationpro/?view=event&did=59>Registration; is requested. Contact: Sharon Samuels
INDUSTRY NEWS
Tax Reform Bill Would Impose Surtax on Municipal Bond Interest
House Ways and Means Committee Chairman David Camp released a discussion draft of a tax reform bill that would impose a 10% surtax on municipal bond interest, block the issuance of advanced refunding bonds, block the issuance of new Clean Renewable Energy Bonds and other tax credit bonds, and fully tax private activity bonds. The 10% surtax would apply only to individuals eaing $400,000 and families eaing $450,000, or about 1% of income tax filers. Camp’s 979-page draft would repeal or phase out energy-related tax credits, including the production tax credit for renewable energy and a variety of energy efficiency credits. A new federal tax on municipal bond interest would make investments in highways, bridges, schools, hospitals, housing, airports, electric power generation, water treatment, and the like more expensive and more difficult. This latest attack on tax-exempt financing continues a trend, though this particular bill is not given much chance of enactment this year.
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 Ashley Pawlik 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 Ashley Pawlik
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. ®