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August 1, 2022 |
TOP NEWS
Executive Committee
The ARP Executive Committee met last Friday to review the weekly natural gas price risk management report and approved: 1) revision of the ARP rate schedule, 2) updated target pricing for the natural gas price risk management plan, and 3) a pre-paid natural gas agreement. The agenda package is available on the Portal. Contact: Jacob Williams
Natural Gas Risk Management Strategy
FMPA’s Executive Committee updated its natural gas price risk strategy for the next three months to provide more stability and better predictability in power costs for customers. Beginning in September, FMPA will purchase up to 10% of its expected volume of natural gas at $8 per MMBtu or lower. If the price of natural gas falls to $7.75 per MMBtu, FMPA will purchase an additional 10%. If natural gas prices decrease to $7.50 per MMBtu, FMPA will purchase an additional 15%. If natural gas prices fall to $7.25 per MMBtu, FMPA will purchase an additional 15% more for a total volume of 50%. The collective 50% pre-purchased natural gas volume would produce power costs of approximately $107 per megawatt hour based on current natural gas prices. The Executive Committee also upheld the previously approved natural gas volume matrixes for volumes above 50% and for December 2022 through March 2023. Contact: Jacob Williams
Florida Lineworker Appreciation Campaign
FMPA and the Florida Municipal Electric Association kick off a month-long social media campaign on Monday to recognize Florida’s public power lineworkers. The campaign will feature lineworkers from a number of Florida’s public power communities and will culminate on Aug. 26 with Florida Lineworker Appreciation Day. Members are encouraged to like, comment on and share the posts on Twitter, Facebook and LinkedIn, as well as send their own messages of appreciation using the hashtags #ThankALineman and #LineLife.
Welcome, Amy Deese and Daniel Osypian
Please welcome Amy Deese and Daniel Osypian, who join FMPA on Monday. Amy is the new Environmental Engineer and has more than 25 years of experience in the electric utility industry. She has a bachelor’s degree in environmental engineering from the University of Central Florida and previously worked at FMPA, OUC and other environmental organizations. Daniel is the new Power Generation Engineer and comes to FMPA from the Kissimmee Utility Authority. He has an associate in specialized technology degree in automotive technology with applied service management from WyoTech Blairsville and more than 15 years of experience in the industry.
Cybersecurity Assessments
Members of FMPA’s Information Technology (IT) Department travel to Green Cove Springs on Wednesday to assist the city with a SCADA network review and cybersecurity assessment. The IT Department is available to support all members with similar cybersecurity assessments and related services. Contact Carter Manucy if your city or utility would like FMPA’s assistance.
Global Leadership Training
Members of FMPA’s leadership team and other team members will participate in the Global Leadership Summit on Thursday and Friday. The summit brings together leaders from different industries to share their unique perspectives and to offer practical leadership skills. Members can learn more about the summit on the Global Leadership Network website.
Post-Storm Assessment Services Award
FMPA recently awarded the Post-Storm Assessment Services bid to Osmose Utilities Services. The scope covers safety assessments, damage assessments and other post-storm recovery efforts. The FEMA process was utilized in procuring this service. The executed agreement will be made available upon completion.
COMING UP
Utility Finance Roundtable
Aug. 31 | 10 a.m. | FMPA Orlando Office
APPA Customer Connections Conference
Nov. 13-16 | Minneapolis, Minn.
TOP INDUSTRY NEWS
Newberry and JEA Suspend Customer Disconnections
Florida Investor-Owned Utilities Request Nearly $3.4 Billion in Under-Recovered Fuel Costs
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FMPA Weekly is published by FMPA’s Public Relations Department for staff and members. Questions about this newsletter may be directed to Rachel Ilardi or Ryan Dumas. Check out FMPA’s Glossary, for frequently mentioned terms.