FMPA’s Executive Committee updated its natural gas price risk strategy for the next eight months to provide more stability and better predictability in power costs for customers.
The Executive Committee met last Thursday and approved the use of an additional $25 million from the 2021B bond proceeds to cover margin calls and deferred bond repayment from June to July.
The ARP Executive Committee meets on Thursday at 2 p.m. via Microsoft Teams for a special-called meeting to discuss increasing the margin call limit of $25 million.
The All-Requirements Project (ARP) set a new summer peak demand of 1,311 MW on June 16, exceeding the previous record of 1,294 MW set in 2021 for the 13 project participants.
The ARP Executive Committee met last Tuesday and approved a fixed-price natural gas strategy with Florida Gas Utility to manage future price risks.