|
April 22, 2024 |
March All-Requirements Project Rates
The average billed demand and energy cost for FMPA’s All-Requirements Project in March was $61.99 per megawatt hour, which was 16% below the budgeted cost. Participant energy sales were 1% above budget, and total external sales were 33% above budget. The March all-in rate was $69/MWh, which was $10/MWh below the projected rate. This was driven by Stanton 1 being offline, low gas prices, margin on excess sales, and annual dividend on gas prepays. The agenda package from the ARP Rate Workshop is available on the Portal. Contact: Denise Fuentes
Generation Leadership Workshop
The generation leadership workshop was last Wednesday. The team reviewed unit performance, details on FY2024 budget performance, and preliminary information about FY2025. Other discussion topics included kicking off succession planning for the ARP generation fleet. Contact: Ken Rutter
Policy Makers Liaisons Committee Meeting
The Policy Makers Liaisons Committee (PMLC) met last Wednesday. Marcus Nichol of the Nuclear Energy Institute presented about the state of new nuclear energy in the U.S. and globally. Michael Nolan also provided a federal legislative update. The agenda package is available via the Portal. Contact: Susan Schumann
Finance Committee Meeting
The Finance Committee met last Wednesday and heard several information items. Items included a review and discussion of the proposed FY2025 Agency budget, the status of the FY2024 budget through February, a review of the annual insurance report, an update about the pooled loan program, the risk inventory assessment for FY2023, and a review of the risk policy report. The agenda package is available on the Portal. Contact: Rich Popp
Board of Directors Meeting
The Board of Directors met last week and approved two action items. This included a resolution recognizing Brad Hiers’ service to the City of Bartow and the leased employee program and agreement. The Board also heard several information items, including updates about the Florida Municipal Solar Project, 2023 Member reliability data, and the annual environmental program data. APPA SVP of Membership and Marketing Jeff Haas also attended the meeting to provide an update about the association and the opportunities and resources available. Review the complete agenda package on the Portal. Contact: Jacob Williams
Executive Committee Meeting
The ARP Executive Committee met last Thursday and approved the natural gas price stability program. It also heard information items, including updates about the GRIP grant, the Mulberry facility, and solar and natural gas prepays. The Committee also heard an information item about the FMPA-KUA transmission owner registration for Cane Island North Bay substation. The full Agenda package is available on the Portal. Contact: Jacob Williams
Anniversaries
Jay Butters | April 24 | 1 year
Jose Molina Bravo | April 25 | 2 years
Juan Bailey | April 28 | 16 years
Digger Derrick Lab
May 7-9 | KUA Training Facility
2024 Purchasing Roundtable
May 9 | 10 a.m. – 2 p.m. | FMPA
2024 Transportation Fleet Roundtable
May 22 | 10 a.m. – 2 p.m. | FMPA
Foreman Academy Certification – Track 1
May 28-31 | 8:30 a.m. – 3:30 p.m. | FMPA
Origis Energy and MUFG close $136 million project financing for Florida Municipal Solar Project
____________________________________________________________________________________________________________
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.