FMPA Weekly | Feb. 15, 2016 | Member Edition

FMPA Weekly


A weekly e-newsletter for FMPA members


Feb. 15, 2016






Moody’s Affirms FMPA Credit Rating

Moody’s Investors Service affirmed last Wednesday the A2 credit rating of FMPA’s All-Requirements Project and a stable outlook. Moody’s pointed to the “steady improvement in rate competitiveness and satisfactory financial performance, which is expected to continue, of FMPA’s All-Requirements Project as part of the reason for the high rating. Moody’s said its rating also incorporates, “the sound legal security and the underlying operating performance record of the project. Contact: Mark Larson


Fiscal 2017 Budget

Budget season has begun. A budget calendar detailing events leading up to approval of the fiscal 2017 budget in July was emailed last Monday to FMPA managers. Agency budget inputs are due from FMPA staff by March 18. Contact: Mark Larson


ARP Executive Committee

The ARP Executive Committee met last Tuesday via conference call and approved refinancing a portion of the All-Requirements Project’s Series 2008A and 2009A revenue bonds. The bonds are scheduled to price via negotiation on Wednesday, and FMPA is aiming to close on April 5. Contact: Mark Larson


Executive Search Committee

The Executive Search Committee met last Thursday via conference call and approved a contract with the executive search firm Mycoff, Fry & Prouse. This was the top-ranked firm in FMPA’s competitive selection process to assist in the search for FMPA’s next General Manager and CEO. The next steps in the search are for the firm to develop a recruiting schedule and job description. Contact: Nick Guarriello






Governing Boards

The Board of Directors and ARP Executive Committee meetings originally scheduled for Thursday have been canceled. Contact: Nick Guarriello


Member Relations Survey

The Public Relations Department is beginning work on the FMPA Board of Directors Member Relations Survey. The biennial survey measures specific qualities of FMPA’s relationship with members and asks how FMPA can have a positive impact on member relations. FMPA has conducted the survey every two years since 2000. FMPA plans to open the survey on Feb. 25. Contact: Mark McCain


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 Feb. 14. Contact: Jim Arntz


Special Dates

Congratulations to Dan O’Hagan, who celebrated 11 years with FMPA on Sunday, Feb. 14.






APPA Legislative Rally

FMPA and the Florida Municipal Electric Association host a free webinar on Feb. 26 at 10 a.m. for members attending the American Public Power Association’s Legislative Rally. Representatives from 13 Florida cities will participate in the Rally on March 7 through March 9. While in Washington, D.C., they will meet with Florida’s Congressional delegation to discuss federal legislative issues related to electric utilities, including EPA regulations, cyber security and tax-exempt financing. Registration is required to participate in the webinar. Contact: Mark McCain


Human Resource Roundtable

FMPA hosts a Human Resources Roundtable on March 9 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. Registration is requested by March 4. Participation via teleconference is available for those unable to attend in person. Contact: Sharon Smeenk


Meter Tech Roundtable

FMPA will host a Meter Tech Roundtable on March 31 at 10 a.m. in Leesburg. The roundtable provides a forum for meter technicians and meter maintenance staff to discuss topics such as operating procedures, equipment, safety, training and more. The roundtable is free, and lunch will be provided. Registration is requested by March 23. Contact: Sharon Smeenk





Supreme Court Stays EPA’s Clean Power Plan

The U.S. Supreme Court voted 5 to 4 last Tuesday to temporarily halt implementation of the Environmental Protection Agency’s (EPA) Clean Power Plan. EPA’s rule aims to reduce carbon dioxide emissions from existing power plants by 32% below 2005 levels by 2030. More than 30 lawsuits have been filed against the rule challenging its implementation. Many argue that the plan is the most far reaching and burdensome rule EPA has ever forced onto the states. None of the justices explained their reasoning in the one-page order, which blocked the regulation until the case is litigated by an appeals court and reaches the high court. Oral arguments at the appeals court are scheduled for June with the possibility of a ruling later in the year.


Duke Energy Files Request to Lower Rates

Duke Energy Florida filed a request with the Florida Public Service Commission seeking approval to reduce electric rates beginning April 1. If approved, the monthly bill of a typical residential customer using 1,000 kWh per month would decrease $5.83 to $108.32. Commercial customers also would receive a rate reduction, depending on the rate class and type of service. Duke officials said the rate decrease is due to lower fuel prices.



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 Joscelyn Bivins 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 Joscelyn Bivins




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Tel 407 355-7767
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