Florida’s Locally Owned Electric Utilities Create Good Energy
Report looks at municipal utilities’ benefits to the community and consumers in 2012
ORLANDO, Fla., May 24, 2013 – Locally owned utilities in Florida created good energy in 2012, benefiting their communities and customers with reliable electricity, personal service, community investment and public accountability, said Florida Municipal Power Agency’s management in the Agency’s 2012 Annual Report. The report was released this week and is posted on FMPA’s website.
“FMPA and its members generate more than electricity. We create good energy, which is the theme of this year’s report,” said FMPA General Manager and CEO Nicholas P. Guarriello. “Good energy flows from our members’ uniqueness as locally owned electric utilities. Our members are hometown utilities founded on the timeless, common-sense values of reliability, service, community investment and accountability. By all of these measures, 2012 was a good year for FMPA and its members.”
Highlights of the 2012 fiscal year included:
- Providing Competitive Power Costs: Municipal electric utilities are offering competitive power costs. Municipal retail rates decreased 7% in three years, and FMPA’s wholesale costs decreased 23% in three years.
- Satisfying Members: 97% of members are satisfied with their relationship with FMPA and believe the Agency is headed in the right direction, according to a 2012 survey.
- Owning Modern Generation: FMPA members own a modern, highly efficient fleet of power plants capable of meeting customers’ power needs through 2022.
- Empowering Conservation: Electric customers will save 23,603 MWh thanks to energy-saving products and rebates provided in 2012.
- Investing in Reliability: FMPA created an executive-level position to oversee electric reliability and invested in state-of-the-art reliability technology for its power facilities.
- Growing Membership: The city of Winter Park, Fla., became the 31st out of Florida’s 34 municipal electric utilities to join FMPA.
- Supporting Working Families: FMPA was named one of the Orlando Sentinel’s 2012 Top 100 Companies for Working Families.
“We must never lose sight of what makes FMPA and its members different. We must continue to hold ourselves to a higher standard. Any company can generate electricity, but it takes a community power utility to create good energy,” Guarriello said.
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Florida Municipal Power Agency (FMPA) is a wholesale power company owned by 31 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 two million Floridians.