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CEO Announces Retirement

ORLANDO, Fla., Aug. 4, 2008 – Roger A. Fontes announced today that he will retire Sept. 5 as General Manager and CEO of the Florida Municipal Power Agency (FMPA) after seven years leading the Orlando-based wholesale power supplier.

“I will always look back on my time at FMPA with pride and admiration for what we’ve accomplished together,” said Fontes. “The time is right for me to retire for a couple reasons. First, we’ve completed the Treasure Coast Energy Center and begun development of a new unit at Cane Island, both major short-term goals. Secondly, this step will allow me to spend more time with my family and new grandson.”

A special meeting of FMPA’s Board of Directors has been called for Tuesday, Aug. 5 at noon to address how FMPA will proceed with naming an interim CEO.

“FMPA is well-positioned for the future,” said Fontes. “Next week, we will celebrate the commercial operation of Treasure Coast Energy Center, our first wholly owned generating unit at a brand new power plant site. And our Executive Committee last month approved FMPA’s Integrated Resource Plan, which is the blueprint for our power supply future.”

“It has been a privilege and a pleasure to work with Roger,” said James C. Welsh, Chairman of FMPA and President and General Manager of Kissimmee Utility Authority. “He has contributed enormously to this organization. Under Roger’s leadership, FMPA has transitioned from a non-operating owner of power plants to a developer and operator of our own generating units.”

Prior to joining FMPA, Fontes was the Assistant General Manager at the Northern California Power Agency, where he spent 20 years in executive and management positions. He was also employed five years at the California Energy Commission and five years with the city of Los Angeles and its Department of Water and Power.

Fontes serves in leadership roles for a number of organizations and associations, including the American Public Power Association (APPA), Public Gas Partners, Transmission Access Policy Group, Florida Municipal Power Pool and the Florida Reliability Coordinating Council.

APPA presented Fontes with the Harold Kramer-John Preston Personal Service Award at the Association’s national conference in June 2008. This award recognizes service to APPA through substantial contributions toward association goals.

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Florida Municipal Power Agency (FMPA) is a wholesale power company owned by 30 municipal electric utilities. FMPA provides economies of scale in power generation and related services to support community-owned electric utilities. The members of FMPA serve approximately 2 million Floridians. FMPA’s members include Alachua, Bartow, Blountstown, Bushnell, Chattahoochee, Clewiston, Fort Meade, Fort Pierce, Gainesville, Green Cove Springs, Havana, Homestead, Jacksonville Beach, Key West, Kissimmee, Lake Worth, Lakeland, Leesburg, Moore Haven, Mount Dora, New Smyrna Beach, Newberry, Ocala, Orlando, Quincy, St. Cloud, Starke, Vero Beach, Wauchula and Williston. Additional information is available on the Internet at www.fmpa.com.

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