June 1, 2020
The 2020 hurricane season begins on Monday and runs through Nov. 30. Current predictions estimate 13 to 19 named storms, of which six to 10 could become hurricanes. The forecast includes three to six major hurricanes of a category 3 or higher. Two named storms already formed before the start of the hurricane season. FMPA encourages its employees, members and partners to prepare. The Disaster Preparedness Sales Tax Holiday, which runs until Thursday, is a good opportunity to stock up on storm supplies. FMPA’s generating facilities have completed their pre-hurricane preparation checklists for the upcoming storm season. Contact: David Schumann
Cairo Vanegas travels to Green Cove Springs on Wednesday to assist them with developing their system map. FMPA has assisted Havana, Moore Haven and Chattahoochee in creating or updating their system maps. Interested members can contact Cairo Vanegas for more information.
FMPA’s Finance Committee meets on Wednesday at 1 p.m. via teleconference. The Committee will review the fiscal 2021 All-Requirements Project budget and consider approval and recommendation of the budget to the Executive Committee for final approval at the June Governing Boards meeting. The full agenda package is available on the Portal. Contact: Linda Howard
Florida Municipal Solar Project
Two solar sites that are part of the Florida Municipal Solar Project are nearing completion. Workers at the Harmony and Taylor Creek solar sites began testing the equipment last Thursday. The test was successful, and each site reached 3 MW of energy. The two sites are scheduled to come online by the end of June, and three more solar sites will be added by the end of 2023. The total generating capability will be nearly 375 MW, which is enough to power 75,000 typical Florida homes.
FERC Revised ROE Methodology
The Federal Energy Regulatory Commission (FERC) issued Opinion No. 569-A in which the Commission revised its method for analyzing the base return on equity (ROE) used in setting cost-based public utility transmission rates. The changes may result in higher allowed ROEs than would have resulted from the method issued in November 2019. The changes could also make it more difficult to challenge an existing ROE as unjust and unreasonable.
Henok Brhane | June 3 | 1 Year
APPA Virtual Summit & Business Meeting
June 8 | 11 a.m. | Teleconference
June 17 | 2 p.m. | FMPA’s Orlando Office
FMPA Governing Board Meetings
June 18 | 9 a.m. | FMPA’s Orlando Office
TOP INDUSTRY NEWS
FMPA Weekly is published by FMPA’s Public Relations Department for staff and members. Questions about this newsletter may be directed to Melisa Inanc or Melanie Arsenault. Check out FMPA’s Glossary, for frequently mentioned terms.