FMPA Weekly | Dec. 26, 2017 | Member Edition
FMPA Weekly
A weekly e-newsletter for FMPA members
Dec. 26, 2017
LAST WEEK
Vero Beach Member City Vote
The goveing board for New Smya Beach approved resolutions last week that will enable the City of Vero Beach to sell its electric utility. Eleven out of 19 member cities have now approved the necessary consents and waivers. Contact: Jacob Williams
Financial Statements
FMPA’s Audited Financial Statements for fiscal year ending Sept. 30, 2017, were emailed last Wednesday to FMPA’s Board of Directors, Executive Committee and Audit and Risk Oversight Committee. A conference call will be scheduled the week of Jan. 18 to discuss the financials. The purpose of this annual telephonic meeting is to provide a summary report on the financials and allow members to ask questions. Contact: Rick Minch
3 Phase Times
FMPA’s Power Resources Division published the November 2017 edition of 3 Phase Times last week. This monthly report provides information about the All-Requirements Project’s (ARP) system peak, hourly loads, resource fuel mix, natural gas usage, natural gas pricing and more performance information. The report shows that natural gas represented 76% of ARP’s total energy sources in November. ARP sold 15% of its generation to the Florida Municipal Power Pool (FMPP). Pool sales helped offset ARP costs by 14 cents per MWh. The FMPP Average Monthly Gas Dispatch Price in November was $2.95 per MMBtu, which was 30 cents below budget. The equivalent availability factor of FMPA’s base-load units in November was 86%, which is higher than the annual projection. For more information, download 3 Phase Times from the Portal. Contact: Frank Gaffney
THIS WEEK
Holiday Office Closure
FMPA’s offices will be closed this Friday and Monday, Jan. 1 in observance of the New Year’s holiday. Best wishes to all for a safe and happy holiday.
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 Dec. 25. Contact: Jim Atz
COMING UP
ARP Telephonic Rate Workshop
The ARP Executive Committee will meet Jan. 9 at 2 p.m. via conference call for the monthly All-Requirements Project Rate Workshop. Contact: Jason Wolfe
Regional Crew Leader Roundtables
FMPA will hold five regional crew leader roundtables in January. The roundtables are designed to provide an opportunity for foremen or crew leaders to meet with their counterparts from other member utilities within a region of Florida. The first roundtable will be in Williston on Jan. 9 at 10 a.m. https://fmpa.com/event/fmpa-regional-crew-leader-roundtable-hosted-by-the-city-of-williston-january-9-2018/> style=color: windowtext;>Registration is available on FMPA.com. It will be followed by roundtables in https://fmpa.com/event/fmpa-regional-crew-leader-roundtable-hosted-by-the-city-of-chattahoochee-january-10-2018/> style=color: windowtext;>Chattahoochee, https://fmpa.com/event/fmpa-regional-crew-leader-roundtable-hosted-by-the-city-of-leesburg-january-18-2018/> style=color: windowtext;>Leesburg, https://fmpa.com/event/fmpa-regional-crew-leader-roundtable-hosted-by-homestead-energy-services-january-31-2018/> style=color: windowtext;>Homestead and https://fmpa.com/event/regional-crew-leader-roundtable-hosted-by-the-city-of-wauchula-january-30-3018/> style=color: windowtext;>Wauchula. Contact: Mike McCleary
INDUSTRY NEWS
http://www.theledger.com/news/20171218/state-to-weight-new-northeast-fla-power-plant> style=color: windowtext;>Seminole Electric Files for State Approvals to Build a New Power Plant
Seminole Electric Cooperative filed with the state Department of Environmental Protection seeking state approvals to build a 1,050 MW natural gas-fired plant north of Palatka. The proposed unit would replace one of two 650 MW coal-fired plants operating on the site. The plans were originally announced in September when Seminole said the new unit is part of an effort to diversify Seminole’s energy sources, including a reduced reliance on coal and increased solar power. According to the filing, construction could start in 2019 or early 2020 and take approximately three years to complete.
https://www.news4jax.com/weather/hurricane-irma/psc-seeks-more-input-on-utility-storm-efforts> style=color: windowtext;>PSC Solicits More Input on Storm Recovery
The Florida Public Service Commission (PSC) issued a second data request to Florida utilities last Monday for hurricane-related information. Similar to the first data request, this is another detailed request for information on topics such as underground facilities, forensic data, coordination and solar. Responses on the second data request are required from every electric utility by Jan. 18. The PSC also asked for input last Tuesday from local govements, businesses and other groups on how electric utilities prepared for and recovered from Hurricane Irma. The Commission is seeking input on issues such as tree trimming, underground power lines and communication with utilities before and after the storm. Comments are due by Feb. 20.
https://www.publicpower.org/periodical/article/congressional-agreement-keeps-tax-exemption-municipal-bonds> style=color: windowtext;>President Signs Tax Bill Retaining Muni Bond Exemption
The federal tax bill was passed last week by Congress and signed into law last Friday by President Donald Trump. The law allows municipal utilities to retain the ability to issue tax-exempt municipal bonds but prohibits the issuance of tax-exempt advance refunding bonds after Dec. 31. About half of all refunding bonds issued by public power utilities in the last five years were advance refunding bonds.
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 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.
Have a question, comment or story idea for the newsletter? FMPA welcomes your feedback at any time. Contact: Jeff Grainger
Florida Municipal Power Agency
8553 Commodity Circle
Orlando, FL 32819-9002
Tel 407 355-7767
Fax 407 355-5794
http://www.fmpa.com>www.fmpa.com />
Community Power. Statewide Strength. ®
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