FMPA Weekly | Nov. 17, 2014 | Member Edition

FMPA Weekly


A weekly e-newsletter for FMPA members


Nov. 17, 2014





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.





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





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





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> style=font-family: ‘Georgia’,’serif’; color: windowtext;>report issued Nov. 12 by the North American Electric Reliability Corp. (NERC). The report, which examined long-term reliability issues in North America, also identified two other key findings: 1) a changing resource mix requires new approaches for assessing reliability and, 2) existing and proposed environmental regulations create uncertainty for the future related to fossil fuel generation. NERC’s 2014 long-term reliability assessment is based on resource adequacy information collected from eight regional entities to assess the long-term reliability of the North American bulk power system while identifying trends, emerging issues and potential risks. The long-term reliability assessment is developed annually by NERC. The assessment provides a wide-area perspective on the adequacy of generation, demand-side resources and the transmission system necessary to meet system reliability needs over the next decade.



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




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