FMEA News Feed

FPL Finishes Deal for Vero Beach Utility

After years of debate and negotiations, Florida Power & Light said Monday it has completed a $185 million deal to acquire the city of Vero Beach’s electric utility. FPL said it will provide service to about 35,000 customers in Vero Beach and other areas of Indian River County.

The state Public Service Commission on Nov. 27 gave final approvals for the deal, which FPL says will lead to lower electric bills for the former Vero Beach utility customers. “After nearly a decade of work together, we were able to overcome every obstacle and help the city achieve its goal of reducing electricity costs,” FPL President and Chief Executive Officer Eric Silagy said in a prepared statement Monday.

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OUC to Consider New Technologies Under Resource Plan

The board of the Orlando Utilities Commission on Dec. 11 approved the creation of an Electric Integrated Resource Plan that calls for a review of the utility’s generation needs in light of the growing penetration of distributed energy resources, such as solar power, and a call to move to 100% renewable generation by 2050.

The resource plan is expected to determine the future of two coal-fired units with more than 900 megawatts of capacity at OUC’s Stanton plant in Orlando.

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Utility Workers Get Protection; Solar Program Extended

State regulators Tuesday approved proposals that will allow Tampa Electric Co. and Peoples Gas System to disconnect or refuse service to customers who threaten utility workers.

The companies, which are part of TECO Energy, requested approval from the Florida Public Service Commission because of what they said were numerous incidents of threats to employees, according to commission staff recommendations. The approval Tuesday added threats to employees to a series of other circumstances in which service can be disconnected or refused, such as failure to pay bills and tampering with meters.

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Moody’s maintains stable outlook for public power in 2019

Moody’s Investors Service on Dec. 6 said that it is maintaining its stable outlook for the public power electric utility sector for 2019, reflecting the industry’s self-regulated cost recovery mechanisms, sound financial metrics and competitive product.

“U.S. public power electric utilities will continue to display a trend of stable to modestly improving financial metrics, supported by a steady business environment and their self-regulated ability to set electricity rates to pay debt service,” Moody’s said in the report.

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Group Says FPL Should be Required to Refund Money

In a high-stakes case, attorneys for consumers and two business groups are asking state regulators to require Florida Power & Light to refund as much as $736 million to customers and are calling for a review of the utility’s base electric rates.

The state Office of Public Counsel, which represents consumers in utility issues, the Florida Retail Federation and the Florida Industrial Power Users Group filed a petition Wednesday at the state Public Service Commission. In part, the petition focuses on tax savings under last year’s federal tax overhaul and a contention that FPL has exceeded a limit on profits included in a 2016 rate settlement.

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FMEA Welcomes Newest Associate Member – December

FMEA would like to acknowledge our newest Associate Member: Citelum. Welcome to Florida’s public power network!

Please always remember the companies who support FMEA and the Florida Public Power community first when you need to purchase goods or services!

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FMEA Associate Member Spotlight – Downes Associates

FMEA’s Associate Member of the month for December is Downes Associates.

Since 1968, Downes Associates, Inc. (DAI) provides engineering and management consulting services that truly excel. Through careful planning, development, and execution, they can help utilities make the right decisions at the right time. DAI’s “partnership for success” approach has made them a valuable member of the Florida Public Power community for years.

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