A weekly e-newsletter for FMPA members
April 13, 2015
Conservation and Renewable Energy Advisory Committee
The Conservation and Renewable Energy Advisory Committee met last Monday and approved renewing the All-Requirements Project’s Conservation Program for fiscal 2016. The committee decided and will recommend to the Executive Committee to fund the program at $700,000, with $50,000 set aside to update the program’s energy conservation videos that were created in 2009. The recommended program budget is the same amount as fiscal 2015. Contact: Michele Jackson
Business Planning and Budget Committee
FMPA’s Business Planning and Budget Committee meets Tuesday at 9 a.m. in the Board room for its first review of the Agency’s proposed fiscal 2016 budget and its first review of the St. Lucie Project budget. The full agenda package is available on the Member Portal. Contact: Mark Larson
Policy Makers Liaisons Committee
The Policy Makers Liaisons Committee meets Wednesday at 1 p.m. in the first-floor conference room to discuss information items, including: 1) state legislative issues related to electric utilities, 2) the Auditor General’s audit report and FMPA’s response, 3) FMPA’s Ten-Year Site Plan, and 4) important electric issues in members’ communities. Lunch will be provided at noon. The full agenda package is available on the Member Portal. Contact: Mark McCain
Audit and Risk Oversight Committee
The Audit and Risk Oversight Committee meets Thursday at 9 a.m. in the Board room to discuss and recommend to the Board of Directors the St. Lucie Project exception to the Debt Risk Management Policy. The Committee will also discuss information items, including: 1) fuels market update, 2) annual environmental review, and 3) Risk Management Policy review. The full agenda package is available on the Member Portal. Contact: Rich Popp
Board of Directors
FMPA’s Board of Directors meets Thursday in the Board room at 9:30 a.m. or immediately following the Audit and Risk Oversight Committee. The Board will discuss: 1) approval of new credit card practices, and 2) approval of the St. Lucie Project exception to the Debt Risk Management Policy. The Board will also discuss information items, including: 1) annual debt report, 2) update on Auditor General finding No. 15 – Disaster Recovery Plan, 3) update on Auditor General finding No. 10 – selection of bond professionals, and 4) update on Auditor General finding No. 4 – Investment Policy. 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 10 a.m. or immediately following the Board of Directors meeting. The Committee will discuss: 1) approval of Florida Gas Transmission Firm Capacity Contract Entitlement Extension, 2) approval of revision to Contract Rate of Delivery implementation protocols, 3) approval of renewal of All-Requirements Project Conservation Program and funding level for fiscal 2016, 4) approval of amendment to existing letter of credit with Bank of America, 5) approval of Taylor Swaps and All-Requirements Project 2008A and 2009A series bonds refinancing, and 6) approval of new credit card practices. The full agenda package is available on the Member Portal. Contact: Nick Guarriello
Florida Lineman Competition
The 15th annual Florida Lineman Competition is Friday and Saturday in Tallahassee. This year’s competition will include a special Senior Joueyman Team Division. FMPA sponsors the top prizes, which pay travel expenses for the first place apprentice and first place team to attend a national competition. Good luck to all participants.
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 April 12. Contact: Jim Atz
Congratulations to Luis Cruz, who celebrates three years with FMPA on Thursday, April 16.
Congratulations to Amie Erickson, who celebrates 15 years with FMPA on Friday, April 17.
IT Community Roundtable
Monday is the deadline to http://fmpa.com/event/it-community-roundtable-2/> style=color: windowtext;>register for the Information Technology (IT) Community Roundtable scheduled for April 23 at 10 a.m. at FMPA’s Orlando office. The roundtable provides an opportunity for IT staff to meet with their peers to exchange ideas and experiences on current issues, such as email usage, computer security, product help, best practices and more. Attendance is free, and lunch will be provided. Contact: Sharon Samuels
Human Resources Roundtable
FMPA will host a Human Resources (HR) Roundtable on April 30 at 10 a.m. at FMPA’s Orlando office. The roundtable provides a forum for participants to discuss HR topics, such as benefits, recruiting, employee retention, training, policies and more. The roundtable is free, and lunch will be provided. http://fmpa.com/event/human-resources-roundtable-april-30-2015/> style=color: windowtext;>Registration is requested by April 24. Participation via teleconference will be available for those unable to attend in person. Contact: Sharon Smeenk
Senators Support Plan to Issue Securitization Bonds for Unexpected Events
The Florida Senate Communications, Energy and Public Utilities Committee approved a proposal supported by Duke Energy Florida that would allow utilities to issue securitization bonds as an option for paying the costs of an unexpected event. The change was added to a Public Service Commission reform bill (SB 233) that the committee supported in February. Duke plans to use bonds to pay costs for repairs and decommissioning of Crystal River Unit 3. Duke said interest costs on the closed plant would decrease from 7% to 2.6%, which would reduce the overall cost to customers by $600 million over 20 years. If the bill is approved and the Public Service Commission approves Duke’s bonding request, the electric bill of a typical Duke residential customer using 1,000 kWh per month would decrease $2.42. The bill awaits a hearing before the Senate Appropriations Committee.
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.)
Florida Municipal Power Agency
8553 Commodity Circle
Orlando, FL 32819-9002
Tel 407 355-7767
Fax 407 355-5794
Community Power. Statewide Strength. ®