Wholesale electricity costs will decrease significantly for Florida Municipal Power Agency (FMPA) members in the coming years as debt is paid off on four of its power supply projects.
FMPA staff presented information today at the agency’s Board of Directors meeting showing that debt will be paid off on two power projects by Oct. 1, 2019, and two other projects will be paid off by 2027.
By a wide margin of 85-12, the Senate on April 20 passed a broad energy bill, the Energy Policy Modernization Act of 2015, that is supported by the American Public Power Association. The measure, S. 2012, will now need to be reconciled with an energy bill that was passed by the House last year.
On April 19, APPA President and CEO Sue Kelly wrote to Lisa Murkowski, R-Alaska, chairman of the Senate Energy and Natural Resources Committee, and the committee’s ranking Democrat, Maria Cantwell of Washington, to reiterate APPA’s support for the bill.
“APPA greatly appreciates your tireless work on developing a comprehensive energy bill and your outreach to public power utilities on electricity issues,” Kelly said.
An appeals court Wednesday, April 20th, overturned a decision by Gov. Rick Scott and the state Cabinet that could have helped clear the way for Florida Power & Light to add two nuclear reactors in Miami-Dade County.
A three-judge panel of the 3rd District Court of Appeal issued a 28-page ruling that sided with a challenge filed by parties including the city of Miami and Miami-Dade County. The challenge targeted a decision made in 2014 by Scott and Cabinet members, who review power-plant projects while acting as what is known as the state’s “siting board.”
A group seeking to put existing solar-energy regulations into the state Constitution expects to spend “millions” in the coming months to promote the utility-backed amendment.
The group, known as “Consumers for Smart Solar,” held a news conference Tuesday and announced a campaign slogan, “Yes on 1 for the Sun,” but provided few other details of the upcoming campaign.
The group has already raised and spent more than $7 million to get the amendment on the November general-election ballot, where it will appear as Amendment 1.
Sale nets $63.7 million in gross savings for 13 All-Requirements Project cities
Florida Municipal Power Agency (FMPA) has closed on the sale of $424 million in municipal bonds for its All-Requirements Project to refinance existing project debt. The sale netted $63.7 million in gross savings, which was more than FMPA originally expected.
FMPA’s largest power supply project, All-Requirements, provides all the wholesale power needs of 13 municipal electric utilities. The savings will reduce future power costs for these cities.
The savings are approximately $1.7 million in 2016 increasing to $4.6 million in 2020 and for the most part, thereafter, until maturity. The final maturity date for the refunding bonds is the same as the original issues being refunded.
Supporters of a proposed constitutional amendment going before voters in August will promote their effort through a non-profit called Florida for Solar, Inc., according to information released Thursday.
Greg Holden, a financial adviser who chairs the St. Petersburg Area Chamber of Commerce’s executive committee, will be chairman of Florida for Solar. Chris Spencer, an aide to Sen. Jeff Brandes, R-St. Petersburg, will be executive director.
The Florida Municipal Electric Association today announced the selection of Kissimmee, Fla. as the host city of its 2018 Florida Lineman Competition.
The annual rodeo-style competition, which is expected to draw hundreds of participants and spectators from throughout Florida, will be hosted by Kissimmee Utility Authority in the spring of 2018. The purpose of the event is to recognize the profession of line work as well as demonstrate the safety, skill and education of electric linemen.