FMPA Weekly | Jan. 22, 2024 | Member Edition

Jan. 22, 2024

TOP NEWS

Celebrating Calvin Henze
FMPA would like to recognize Calvin Henze, the Agency’s first general manager, who will celebrate his 100th birthday Sunday. Mr. Henze served as the Agency’s general manager from its inception in 1978 until his retirement in 1991, and highlights from his tenure include the Agency’s first power supply project with St. Lucie Unit 2 in 1982 and the establishment of the ARP in 1986. Mr. Henze also advocated for public power on a national level, serving APPA president and chair of the APPA accounting and finance section. He received the APPA’s highest award – the Alex Radin Distinguished Service Award – in 1990. We are grateful for the legacy Mr. Henze was instrumental in establishing.

December All-Requirements Project Rates
The average billed demand and energy cost for FMPA’s All-Requirements Project in December was $82.54 per megawatt hour, which was 6% above the budgeted cost. Participant energy sales and external sales were 5% below budget. The forward curve was up 7% from the prior month. The agenda package from the ARP Rate Workshop is available on the Portal. Contact: Jason Wolfe

Policy Makers Liaisons Committee Meeting
The Policy Makers Liaisons Committee (PMLC) met last Wednesday. Former Gainesville Regional Utilities (GRU) General Manager Ed Bielarski presented about the lessons learned during his tenure at the utility and the importance of providing low-cost, reliable energy to customers. View the full agenda package here. Contact: Susan Schumann

Finance Committee Meeting
The Finance Committee met last Wednesday, and it approved the audited FY 2023 financial statements and the debt policy. The Committee also heard four information items discussing the investment process, annual IT update, partner changes at Purvis Gray & Co. and the review of the risk policy compliance report. View the full agenda package here. Contact: Rich Popp

Board of Directors Meeting
The Board of Directors met last Thursday. The Board approved the audited FY 2023 financial statements. Seminole Electric Cooperative CEO and General Manager Lisa Johnson also attended the meeting and presented about the utility’s generation and resource planning. View the full agenda package here. Contact: Jacob Williams

Executive Committee Meeting
The ARP Executive Committee met last Thursday, and it approved renewing and expanding the gas storage agreement. It also heard information items about the New Smyrna Beach UFLS request and the natural gas price stability program. View the full agenda package here. Contact: Jacob Williams

MSAC Meeting
FMPA’s Member Services Advisory Committee (MSAC) meets tomorrow at 10 a.m. View the full agenda package here. Contact: Sharon Adams

Rating Agency Visit
Jacob Williams, Jody Finklea and Rich Popp will meet with representatives from Fitch Ratings on Wednesday to discuss the current financial state of FMPA. Contact: Rich Popp

2024 Environmental Training
The 2024 environmental training session is Wednesday at 9 a.m. at FMPA. The focus of the training is oil spills, including topics like oil spillage regulations and ways to control spills. Contact: Lindsay Jack

2024 FMEA and FMPA Human Resources Roundtable
The human resources roundtable co-hosted by FMEA and FMPA is Thursday at 10 a.m. The roundtable provides a forum for public power HR professionals to discuss best practices, policies, procedures, legal considerations and other relevant issues. Contact: Lindsay Jack

Postponed – Foreman Academy Certification – Track 1
The Foreman Academy Certification- Track 1 training scheduled for Monday, Jan. 29 through Thursday, Feb. 1 is postponed. We will share new dates as soon as possible. Contact: Lindsay Jack

SPECIAL DATES

Anniversaries

John Bradley | Jan. 25 | 2 years

Susan Schumann | Jan. 26 | 26 years

COMING UP

FMEA Legislative Rally
Jan. 29 | Tallahassee, FL

ARP Rate Workshop
Feb. 13 | 2 p.m. | FMPA

Board of Directors Meeting
Feb. 15 | 9 a.m. | FMPA

ARP Executive Committee Meeting
Feb. 15 | 9:15 a.m. | FMPA

Florida Lineman Competition
Feb. 23-24 | Jacksonville, FL

APPA Legislative Rally
Feb. 26-28 | Washington, DC

TOP INDUSTRY NEWS

How the Texas grid held strong amid freeze and fears of blackout

Opinion: Texas grid holding up isn’t a success – it’s the least we should expect

DOE announces $34 million to improve the reliability, resiliency and security of America’s power grid

Biden-Harris administration announces more than $104 million to advance net-zero projects at federal facilities

U.S. energy tax credit trading grows to as much as $9 billion, study finds

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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 Emily Maag. Check out FMPA’s Glossary, for frequently mentioned terms.