FMPA Weekly
A weekly e-newsletter for FMPA members
July 5, 2016
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LAST WEEK
General Manager and CEO Selection
FMPA’s Executive Search Committee announced last Friday that it has extended an offer to Jacob A. Williams to serve as FMPA’s next General Manager and CEO, and he has accepted. Jake is currently Vice President Emissions and Use Technologies with Peabody Energy in St. Louis, Mo. As instructed by FMPA’s Board of Directors, the Executive Search Committee is working with Jake to develop an employment contract that is fair, competitive and reasonable. The recommended contract will be brought to the Board of Directors as an action item on July 22. Jake has requested a start date of Sept. 1, and Nick Guarriello has agreed to stay on until that date. Jake plans to attend the FMEA Annual Conference in Orlando on July 19-20 where he will be meeting with members of FMPA’s Board of Directors. Jake has approximately 30 years of experience in energy market analytics, power generation development and energy market participation. He has a bachelor’s degree in electrical engineering from the University of Illinois-Champaign/Urbana and a master’s degree in business administration from the University of Wisconsin-Madison.
Continuing Disclosure Report
FMPA filed a new and improved annual Continuing Disclosure Report last Friday on the Electronic Municipal Market Access (EMMA) system, the official repository for information on municipal securities. A new format for FMPA’s annual financial disclosure on EMMA was designed to improve the overall quality, conciseness and ease of use. The report includes general information and updates on FMPA, annual financial information, operating data for each project for which bonds have been issued, information on the major participants, FMPA’s audited financial statement and more. This new format took significant effort on the part of FMPA’s Finance Team. The report could also be of interest to FMPA members. Contact: Mark Larson
Treasure Coast Energy Center
Treasure Coast Energy Center Unit 1 was taken off line over the weekend to repair a water/steam leak inside the heat recovery steam generator. FMPA did an analysis to determine the most cost-effective time to complete the repair and found that the holiday weekend was the best opportunity because of decreased demand. The unit will remain off line until the repairs are completed, which is expected later this week. Contact: David Schumann
2015 Annual Report
The fiscal 2015 FMPA Annual Report titled “It’s Working was printed and delivered last week. The 20-page book features photos of several Board members, staff members and partners along with recapping the year’s accomplishments. It will distributed to members, staff and stakeholders this week. It will also be available on FMPA.com this week. Contact: Mark McCain
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THIS WEEK
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) natural gas markets update, 2) liquidity update, 3) an overview of June operations, loads, costs and rate calculations, and 4) estimated rate ranges for July and August. Contact: Jim Atz
Solar PV Project
FMPA members are reminded to contact Sharon Smeenk by July 15 if their city is interested in participating in a survey of retail customers regarding solar energy. FMPA is moving forward with a joint action solar photovoltaic (PV) project for eight members that signed a non-binding expression of interest to participate, and the first development activity is to survey the participants’ retail customers to determine opinions related to solar energy. The survey results are expected to help the cities decide whether or not to move forward with participation in the project. The Board of Directors authorized the use of the Agency’s Development Fund for the Solar PV Project, including the survey of retail customers. The Board also authorized staff to offer participation in the survey to any FMPA member that might be interested in joining the survey effort. FMPA plans to develop a Request for Proposals to select a market research firm that will conduct telephone surveys for each interested FMPA member. An email was sent on June 24 to all representatives on the Board of Directors asking them to respond by July 15 indicating whether they are interested or not in participating in the survey.
All-Requirements Project June Load Statistics
The All-Requirements Project’s non-Contract Rate of Delivery peak for June was 1207 MW, which occurred June 14 between 4 p.m. and 5 p.m. The project’s load factor for June 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 monthly peak was 109% of the budgeted peak, and energy was 110% of the budget. A graph showing the All-Requirements Project hourly load for June is available on the Portal. Contact: Jim Arntz
All-Requirements Project Weekly Load Statistics
The weekly update of the All-Requirements Project historical load graph has been posted on the Portal. The graph is updated through July 4. Contact: Jim Arntz
Special Dates
Congratulations to Janet Davis, who celebrates 17 years with FMPA on Wednesday, July 6.
Congratulations to Trent Lewis, who celebrates one year with FMPA on Wednesday, July 6.
Congratulations to Amanda Swindle, who celebrates five years with FMPA on Friday, July 8.
Congratulations to Tina Allen, who celebrates 13 years with FMPA on Saturday, July 9.
Congratulations to Jeff Hanson, who celebrates 10 years with FMPA on Sunday, July 10.
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COMING UP
FMEA Annual Conference
The Florida Municipal Electric Association’s (FMEA) Annual Conference is just a couple of weeks away, July 19-22 at the Omni Orlando Resort at ChampionsGate, but there’s still time to register. The conference begins July 19 with preconference seminars and a welcome reception. The annual FMPA luncheon will be on Thursday, July 21 at noon. Registration is available on FMEA’s website.
Policy Makers Liaisons Committee
The Policy Makers Liaisons Committee will meet July 21 at 3:15 p.m. during the FMEA Annual Conference at the Omni Orlando Resort at ChampionsGate. A quorum is necessary at this meeting to elect officers and conduct other business. Contact: Mark McCain
Board of Directors and Executive Committee
The July meetings for FMPA’s Board of Directors and the ARP Executive Committee will be held July 22 following the FMEA Annual Conference. The Board of Director’s meeting is scheduled for 9 a.m. and the Executive Committee meeting is scheduled for 9:30 a.m., or immediately following the Board of Directors meeting. In an effort to save money, both meetings will be held in the Board room at FMPA’s Orlando office. Contact: Nick Guarriello
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INDUSTRY NEWS
EPA Proposes Expansion of Clean Energy Incentive Program
The U.S. Environmental Protection Agency (EPA) proposed changes to the Clean Energy Incentive Program (CEIP), which is a part of the Clean Power Plan (CPP). In an announcement in June, EPA said it is hoping to help states meet goals under the CPP by encouraging investment in zero-emitting renewable energy generation and by removing barriers to investment in energy efficiency in low-income communities. CPP has not gone into effect because of legal challenges. When it does, EPA said it wants both demand-side energy efficiency and solar renewable energy to be eligible for CEIP. The proposed changes are also meant to clarify the definition of a low-income community. Public comments on the proposed changes are being accepted until Sept. 2.
Southe, AGL Merge
Southe Company and AGL Resources completed a merger last week that will make the combined company the second largest utility in the country. The combined utility will serve nine million customers across nine states: Alabama, Florida, Georgia, Illinois, Maryland, Mississippi, New Jersey, Tennessee and Virginia. With the merger, Southe now owns 44,000 MW of generating capacity and more than 80,000 miles of natural gas pipeline.
Duke Energy Scam Investigated
The Highlands County Sheriff’s Office is investigating a scam involving a caller that claims to represent Duke Energy. Several businesses have received calls stating that the business is behind in paying their electric bills. The caller tells the business that power will be shut off within hours and urges them to purchase pre-paid debit cards in order to pay their bills. Duke Energy says the calls are scams, as the power company does not accept payment for bills by pre-paid cards. Similar scams have been perpetrated in the service territories of other electric utilities, and several municipal utilities have issued waings to their customers.
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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 Jeff Grainger or Holly Fuller 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: Jeff Grainger or Holly Fuller.
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