|
February 17, 2025 |
January All-Requirements Project Rates
The average billed demand and energy cost for FMPA’s All-Requirements Project in January was $78.96/MWh, which was 1 percent below the budgeted cost. The all-in rate was 6 percent above the prior month projections, mainly due to a spike in gas prices, increased coal and oil generation, and higher purchased power. However, these were partially offset by strong margins on external sales revenue and participant energy sales 5.7 percent above budget. Due to the Natural Gas Price Stability Program, costs to members were $9/MWh lower than if natural gas had been purchased at market prices. The Rate Protection Account balance at January 31 was approximately $800k. The agenda package from the ARP Rate Workshop is available on the Portal. Contact: Denise Fuentes
Strategic Planning Session
The Board of Directors and Executive Committee met last Wednesday for the biennial strategic planning session. The groups discussed the Agency’s mission, values, and vision and used the conversation to set strategic priorities for FMPA to follow for the upcoming years. Presentation materials from the gathering are available via the Portal. Contact: Jacob Williams
Board of Directors Meeting
The Board of Directors met last Thursday and approved the Reliability Awards Program. It also heard information items discussing the annual debt report, the FPL transmission rate settlement summary, and the risk inventory assessment for FY 2025. The agenda package is available on the Portal. Contact: Jacob Williams
Executive Committee Meeting
The Executive Committee met last Thursday and approved renewing the natural gas capacity contract. The Committee also heard information items, including an overview of the annual debt report, an update on the ARP line of credit RFP, a summary of the FPL transmission rate settlement, and a discussion of the risk inventory assessment of FY 2025. The agenda package is available on the Portal. Contact: Jacob Williams
Member Salary Survey
FMPA will send out its annual Member salary survey today. The deadline to submit the survey is March 7. Contact: Sharon Adams/Alissa Novoa
FMPP Seminar
The Florida Municipal Power Pool will host its annual seminar tomorrow at the Pines of Windermere. The meeting will feature speakers from the power pool and GE. While the registration deadline has passed, a few seats remain. Contact: Hector Mesa
Member Services Email
The Agency created a new Member Services email that it will use to send all updates from the team. The email address is [email protected]. Members are also able to contact the team via this address.
Anniversaries
Sean Haas | Feb. 18 | 17 years
Joseph Pauly II | Feb. 19 | 18 years
Jeffrey Thacker | Feb. 21 | 4 years
Hot Weather and Fleet Safety Training
Feb. 24 | FMPA | 8:30 a.m. – 3:30 p.m.
APPA Legislative Rally
Feb. 24-26 | The Mayflower Hotel in Washington, D.C.
Florida Lineman Competition
Feb. 28 – March 1 | World Equestrian Center in Ocala
Interpersonal Supervisory Skills II Training
March 3-4 | FMPA | 8:30 a.m. – 3:30 p.m.
Making Performance Appraisals Matter Training
March 5 | FMPA | 8:30 a.m. – 3:30 p.m.
ARP Rate Workshop
March 12 | FMPA | 2 p.m.
Environmental Air Compliance Training
March 12 | FMPA | 9 a.m. – 3 p.m.
APPA CEO & Utility Managers Roundtable
March 16-18 | Omni Amelia Island Resort in Fernandina Beach. FL
Lineman Roundtable
March 18 | FMPA | 9 a.m. – 2 p.m.
Board of Directors Meeting
March 20 | FMPA | 9 a.m.
ARP Executive Committee Meeting
March 20 | FMPA | 9:15 a.m.
DOE Secretary Chris Wright delivers welcome remarks to staff
Recent cold snap results in fourth-largest withdrawal from underground natural gas storage
The cost of transporting coal to the U.S. electric power sector fell slightly in 2023
Sweeping U.S. energy department layoffs hit nuclear security, loans office, sources say
EIA raises U.S. oil production forecast for 2025 in short-term energy outlook
Uncertainty clouds northern U.S. grids amid Canada tariff threat
U.S.-China trade war rattles energy sector
_______________________________________________________________________________________________
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.