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April 21, 2025 |
March All-Requirements Project Rates
The average billed demand and energy cost for FMPA’s All-Requirements Project in March was $81.29/MWh, which was 9.5% above the budgeted cost. The all-in rate was $7/MWh higher than prior month projections due to below budget loads of 5%, higher gas prices, and lower cash than forecasted. The FY25 forward curve was up 6% from the prior month, resulting in margins on the ARP’s gas positions being returned to FMPA. The Rate Protection Account balance as of March 31was approximately $17.4M. The agenda package from the ARP Rate Workshop is available on the Portal. Contact: Denise Fuentes
Cane Island Appreciation Lunch
Members of FMPA’s executive and generation teams will visit Cane Island Power Park for a special lunch. They will celebrate the plant’s performance and its team’s achievements for the year.
Finance Committee Meeting
The Finance Committee met last Wednesday and approved the financial auditors to recommend to the Board of Directors and the Executive Committee. It also heard action items about the proposed FY26 budget, the FY25 budget status through February, and an update about the FRP for underwriters. Review the meeting’s complete agenda package via the Portal. Contact: Rich Popp
Policy Makers Liaisons Committee Meeting
The Policy Makers Liaisons Committee met last week and heard a presentation from Alex Epstein. Review the complete agenda package on the Portal. Contact: Susan Schumann
Member Services Advisory Committee Meeting
The Member Services Advisory Committee met last Wednesday and approved the FY26 Member Services budget. It also heard information items, including updates about the Member Services goals, reliability metrics, Florida Public Power Reliability Awards, GIS working group, and trainings and roundtables and a success story from the leased employee program. Visit the Portal to review the complete agenda package. Contact: Sharon Adams
Board of Directors Meeting
The Board of Directors met last Thursday and appointed a nominating committee for the Board’s officers. It also heard an update about 2024 reliability metrics and Member Services. Review the complete agenda package on the Portal. Contact: Jacob Williams
Executive Committee Meeting
The Executive Committee met last Thursday and heard several information items. This included updates about excess power sales and the debt underwriting RFP. Other information items discussed the balancing authority alternative analysis, the OUC energy management system replacement project, the Bartow Energy Center turbine acquisition, and the FGT western supply expansion. Access the full agenda package via the Portal. Contact: Jacob Williams
SERC Physical Security
Registration closes Thursday for the SERC Physical Security Workshop scheduled for April 29 through May 1 at FMPA. Contact: MacKayla Cross
Anniversaries
Krizia Maldonado | Aprill 22 | 1 year
Jay Butters | April 24 | 2 years
Jose Molina Bravo | April 25 | 3 years
APPA Accounting & Finance Virtual Summit
April 22-23 | Virtual
Negotiations & Contracts Training
April 22-23 | 8:30 a.m. – 3:30 p.m. | FMPA
SERC Physical Security Workshop
April 29 – May 1 | 8:30 a.m. – 3:30 p.m. | FMPA
Digger Derrick Lab
May 6-8 | KUA Training Facility
APPA Key Accounts Certificate Program
May 6-8 | 8:30 a.m. – 4:30 p.m. | APPA – Arlington, VA
FMEA Hurricane & Storm Preparedness Forum
May 6-7 | Marriott Jacksonville Downtown
Purchasing Roundtable
May 8 | 10 a.m. – 2 p.m. | FMPA
Reliability Roundtable
May 13 | 10 a.m. – 2 p.m. | FMPA
ARP Rate Workshop
May 13 | 2 p.m. | FMPA
Finance Committee Meeting
May 14 | 2 p.m. | FMPA
Board of Directors Meeting
May 15 | 9 a.m. | FMPA
Executive Committee Meeting
May 15 | 9:15 a.m. | FMPA
Regional Leadership Safety Training – Tallahassee
May 21 | 10 a.m. – 2:30 p.m. | Electric Logistics Facility
Regional Safety Leadership Training – Gainesville
May 22 | 10 a.m. – 2:30 p.m. | GRU – Building 7
Transportation Fleet Roundtable
May 28 | 10 a.m. – 2 p.m. | FMPA
U.S. energy consumption growth decreases in the near team in the latest AEO
U.S. crude oil production rose by 2% in 2024
U.S. natural gas production remained flat in 2024
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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.