Support Legislation to Reinstate Advance Refunding
Advance Refunding Enables Municipal Utilities to Keep Costs Affordable
The federal tax overhaul eliminated the ability of state and local governments to advance refund outstanding tax-exempt bonds.
Tax-exempt advance refunding saves money for our customers by enabling us to reduce debt service costs and restructure debt service payments.
The state of Florida has saved billion of dollars in advance refundings, and Florida’s municipal utilities have saved millions.
We urge Congress to support H.R. 5003 to reinstate advance refunding.
Public Power Responded Quickly to Hurricane Irma
Local Utilities Have Invested to Make Their System Strong Everyday
Hurricane Irma was an unprecedented event that led to the largest pre-planned power restoration effort in U.S. history.
Every electric utility in Florida was impacted, including all 34 public power utilities.
Aid came from nearly2,000 lineworkers from more than 200 municipal utilities in 26 states to supplement Florida’s 1,000 public power crews.
Post-storm work continues in many of our communities, as utilities process financial reimbursements and work to comply with state and federal regulations and contract requirements.
Public Power Supports the Deployment of Broadband
Proposed Legislation Would Create Burdensome Oversight and Increased Costs
Municipal utilities are concerned with attempts to create a uniform policy for access to privately owned infrastructure in the name of broadband deployment.
It has been suggested that Congress eliminate the municipal exemption from federal pole attachment regulations by the FCC and Senate Commerce Committee.
We oppose weakening or eliminating the municipal exemption that’s been in place since 1978.
Removing the exemption would go against Congress’ long-held belief that pole attachment rates charged by public power utilities are reasonable because they are “subject to a decision-making process based upon constituent needs and interests.”
The Florida Legislature exempted all Florida electric utilities in a wireless deployment bill passed in 2017.
We urge Congress to reject legislation that would subject municipal electric utilities to federal oversight.