FMPA Weekly
A weekly e-newsletter for FMPA members
Nov. 17, 2014
LAST WEEK
Bartow Appoints FMPA Representatives
Bartow appointed Interim Electric Utility Director Brad Hiers as the city’s representative to FMPA’s Board of Directors. City Manager George Long has been designated as the city’s alteate representative to the Board. Contact: Nick Guarriello
State Legislator Visits
Mark McCain met with state legislators in Bushnell, Leesburg and Ocala last week as part of FMPA’s state legislator visitation program. Policy Makers Liaisons Committee members from the cities also participated.
THIS WEEK
Board of Directors
FMPA’s Board of Directors meets Thursday at 9 a.m. in the Board room to discuss: 1) approval to file a Municipalities Continuing Disclosure Cooperation Initiative self-report questionnaire with the Securities and Exchange Commission, 2) approval of Stanton Unit 1 and Unit 2 and Indian River Units A through D audit report for fiscal 2012 and fiscal 2013 billings. The full agenda package is available on the Member Portal. Contact: Nick Guarriello
ARP Executive Committee
The ARP Executive Committee meets Thursday in the Board room at 9:30 a.m. or immediately following the Board of Directors. The Committee will discuss: 1) approval of fiscal 2015 Agency budget amendment, 2) approval to file a Municipalities Continuing Disclosure Cooperation Initiative self-report questionnaire with the Securities and Exchange Commission, and 3) approval of Contract Rate of Delivery implementation protocols. The full agenda package is available on the Member Portal. Contact: Nick Guarriello
Energy Auditor Roundtable
FMPA’s semi-annual Energy Auditor Roundtable is Thursday at 10 a.m. in Ocala. The roundtable provides a forum for participants to discuss topics such as work procedures, policies and practices, industry changes, equipment and materials, and other topics of interest. 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 Nov. 16. Contact: Jim Atz
COMING UP
Purchasing Roundtable
FMPA will host a Purchasing Roundtable on Dec. 4 at 10 a.m. in FMPA’s Orlando office. The roundtable provides a forum for purchasing personnel to discuss work procedures, policies, industry changes, equipment and other topics of interest. Registration is requested, and lunch will be provided. Contact: Sharon Samuels
INDUSTRY NEWS
Duke Potentially Interested in Owning Gas Reserves
Duke Energy Corp. is potentially interested in adding ownership of gas reserves to the rate base of its utilities as a hedge against commodity price volatility, according to SNL Financial, which also reported last week that Duke Executive Vice President and CFO Steven Young said that Duke is closely watching other companies already attempting to do so. NextEra’s regulated utility, Florida Power & Light, is asking state regulators for permission to invest up to $750 million annually in gas reserves as a hedge against volatility. Xcel Energy also has announced it is exploring similar plans. “We’re going to be watching what happens with NextEra closely in Florida, but it’s of interest to us, and I think it makes sense, Young said in an interview during the Edison Electric Institute’s 49th annual financial conference in Dallas. “An acquisition of gas reserves and assigning that pricing to your regulated jurisdictions provides price stability to customers, and in exchange for that we want to incorporate a retu on that investment.
NERC Long-term Reliability Assessment Shows Reserve Margins Trending Lower
Reserve margins are trending lower in several U.S. regions, despite low load growth, according to a http://www.nerc.com/pa/RAPA/ra/Reliability%20Assessments%20DL/2014LTRA.PDF>
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 Christin Senior 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 Christin Senior
Florida Municipal Power Agency
8553 Commodity Circle
Orlando, FL 32819-9002
Tel 407 355-7767
Fax 407 355-5794
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