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August 19, 2024 |
July All-Requirements Project Rates
The average billed demand and energy cost for FMPA’s All-Requirements Project in July was $61.65/MWh, which was 14% below the budgeted cost and was the third lowest July rate. Participant energy sales were 8% above budget and were the highest July loads since 2010, which included Lake Worth and Vero loads. $8M in margin calls in July due to falling gas curve reduced days cash at month-end to ~49 days, resulting in increase of $2/MWh higher from prior months projection to an all-in rate of $70/MWh. The agenda package from the ARP Rate Workshop is available on the Portal. Contact: Denise Fuentes
UAMPS Member Conference
General Manager and CEO Jacob Williams will participate in two panels at the Utah Associated Municipal Power Systems (UAMPS) Member Conference this week. One panel focuses on long-term power supply acquisition and the other is a panel of CEOs discussing critical issues.
Procurement Audit
FMPA’s auditing team began the procurement audit last week. Contact: Liyuan Woerner
Finance Committee Meeting
The Finance Committee will meet Wednesday at 2 p.m. The agenda package is available on the Portal. Contact: Rich Popp
Board of Directors Meeting
The Board of Directors will meet Thursday at 9 a.m. The agenda package is available on the Portal. Contact: Jacob Williams
Joint Board of Directors and Executive Committee Meeting
The Board of Directors and Executive Committee will hold a joint meeting Thursday at 9:15 a.m. The agenda package, which includes information on how to join the meeting remotely, is available on the Portal. Contact: Jacob Williams
Executive Committee Meeting
The Executive Committee will meet Thursday at 9:45 a.m. The agenda package is available on the Portal. Contact: Jacob Williams
Registration Closing for Upcoming Trainings
Registration for four upcoming TVPPA training courses at FMPA will close on Friday. The courses are Utility Work Practices Rule Compliance Training (Aug. 27), Rigging, Hoisting, Hand and Power Tool Safety Training (Aug. 28), Transportation Safety Training (Aug. 29), and Accident Investigation Training (Aug. 30). Participants may complete these courses as standalone workshops or in pursuit of the TVPPA Certified Safety Coordinator credential. Contact: Lindsay Jack
General Fund Transfer Survey
Members recently received an email from Mary Kathryn Patterson with a link to complete the General Fund Transfer Survey. The annual survey assesses Agency members’ utility fund transfers and demonstrates the value that municipal electric utilities and these transfers provide. Please complete by next Friday. Contact: Mary Kathryn Patterson
Anniversaries
Chelsea Dixon | Aug. 22 | 2 years
Alissa Novoa | Aug. 22 | 2 years
Utility Work Practices Rule Compliance Training
Aug. 27 | 8:30 a.m. – 3:30 p.m. | FMPA
Rigging, Hoisting, Hand and Power Tool Safety Training
Aug. 28 | 8:30 a.m. – 3:30 p.m. | FMPA
Transportation Safety Training
Aug. 29 | 8:30 a.m. – 3:30 p.m. | FMPA
Accident Investigation Training
Aug. 30 | 8:30 a.m. – 3:30 p.m. | FMPA
Reliability Roundtable
Sep. 4 | 10 a.m. – 3 p.m. | FMPA
Intro to Staking / Line Design
Sep. 9 | 8:30 a.m. – 3:30 p.m. | FMPA
Lineman Roundtable
Sep. 10 | 10 a.m. – 2 p.m. | FMPA
ARP Rate Workshop
Sep. 12 | 2 p.m. | FMPA
Finance Committee Meeting
Sep. 18 | 2 p.m. | FMPA
Board of Directors Meeting
Sep. 19 | 9 a.m. | FMPA
Executive Committee Meeting
Sep. 19 | 9:15 a.m. | FMPA
Hot Weather and Fleet Safety Training
Sep. 24 | 8:30 a.m. – 3:30 p.m. | FMPA
U.S. wind generation hit record in April 2024, exceeding coal-fired generation
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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.