|
February 16, 2026 |
January All-Requirements Project Rates
The average billed demand and energy cost for FMPA’s All-Requirements Project in January was $90/MWh, approximately on budget. The all-in rate decreased by $1/MWh compared to prior month projections, although this was partially due to Pool billing issues for January costs that may ultimately have understated rates by $13-15/MWh. Participant energy sales were slightly above budget with late-month weather impacts. As the higher gas curve resulted in margins on the ARP’s fixed gas positions being returned to FMPA, the Rate Protection Account balance at the end of January was approximately $7.5M. FMPA fuel management achieved approximately $22M in savings for January, helping offset high spot gas prices. The forward rate projections have increased month-over-month due to a higher month-end gas curve. Additionally, the projected all-in rate for February is substantially higher than the prior forecast due to a combination of a high first-of-the-month gas price for February, anticipated high fuel and purchase costs in the first two days of the month due to WS Fern, and the true-up of the January Pool bill. Staff explained that options are available to help smooth the February energy rate and would be discussed in more detail at the Executive Committee meeting. The agenda package is available via the Portal. Contact: Denise Fuentes
Board of Directors Meeting
The Board of Directors met last week and discussed the recent cold weather throughout the state. It also heard information items, including a presentation of the annual debt report, an update on the retirement of Stanton Unit 1, and an introduction to Bartow Energy Center. The agenda package is available via the Portal. Contact: Jacob Williams
Executive Committee Meeting
The Executive Committee met last Thursday and approved the ARP line of credit use. The Committee also heard information items about the financial impacts of Winter Storm Fern, the ISDA agreements, and an increase in the Duke estimates for a second delivery point in Newberry. The agenda package is available via the Portal. Contact: Jacob Williams
Audit Update
The FMPA audit team begins the OUC participants billing audit today. Contact: Liyuan Woerner
Training Registration Deadlines
Registration closes Thursday for the next two courses in the Certified Power Supervisor certification program. FMPA will host Making Performance Appraisals Matter next Tuesday and Interpersonal Supervisory Skills I next Wednesday and Thursday. These training courses may be completed in pursuit of the certification or as standalone training opportunities. Contact: MacKayla Cross
Anniversaries
Sean Haas (Lead Operator Mechanic at MEC) | Feb. 18 | 18 years
Joseph Pauly II (Lead Operator Mechanic at MEC) | Feb. 19 | 19 years
Jeffery Thacker (Lead Operator Mechanic at SLEC) | Feb. 21 | 5 years
Project Management Professional (PMP) Training
Feb. 23-26 | 8 a.m. – 5 p.m. | FPUA Energy Services Center
APPA Legislative Rally
Feb. 23-25 | Washington, DC
Making Performance Appraisals Matter
Feb. 24 | 8:30 a.m. – 3:30 p.m. | FMPA
Interpersonal Supervisory Skills I
Feb. 25-26 | 8:30 a.m. – 3:30 p.m. | FMPA
AI Tools Workshop
March 10 | 10 a.m. – 2 p.m. | FMPA
ARP Rate Workshop
March 12 | 2 p.m. | FMPA
Florida Lineman Competition
March 13-14 | Apalachee Regional Park
Board of Directors Meeting
March 19 | 9 a.m. | FMPA
Executive Committee Meeting
March 19 | 9:15 a.m. | FMPA
U.S. natural gas production to reach record highs within next two years
EIA forecasts lower oil prices within next two years due to persistent stock builds
Florida PSC to hold special commission conference tomorrow on FCG depreciation petition
EV sales fell, hybrid vehicle sales rose in 2025
U.S. energy secretary visits Venezuela to assess oil industry overhaul
_______________________________________________________________________________________________
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.