Acquisitions to further Agency’s mission to provide low-cost power

ORLANDO, Fla., June 29, 2023 – Florida Municipal Power Agency (All-Requirements Power Supply Project) is pleased to announce that the Agency (FMPA) has entered into agreements to acquire three plants, comprising approximately 339 megawatts (MW) of natural gas-fired combined cycle generation in central Florida. The acquisitions include the following facilities:

• Orlando Cogeneration (120 MW), Orlando
• Mulberry (115 MW), near Bartow
• Orange Cogeneration (104 MW), near Bartow

The acquisitions are expected to close in 2024 and 2025, following the expiration of each facility’s current long-term power purchase contracts.

Jacob Williams, FMPA’s General Manager & CEO stated: “We are extremely pleased to announce the entry into purchase agreements for these facilities that will help FMPA further its mission of providing low-cost, reliable, and clean power. Completing the acquisition of these high performing plants will represent a significant step toward meeting our growing power needs for the next 15 years. We are looking forward to working with teams at these three facilities, that have operated so well for over 25 years each.”

Howard McKinnon, FMPA Executive Committee Chairman added: “We are very excited that we have reached agreement for the facilities and the many benefits they will bring to our members. These plants are the most economical alternative for adding low-cost power resources as FMPA’s Stanton coal unit resources ramp down in 2025.”

FMPA is acquiring the generation facilities from organizations whose owners include Northern Star Generation LLC, as well as Atlantic Power & Utilities, LP.

In 2026, following the expected completion of the three acquisitions, FMPA will control 2,100 MW of generation resources to support the All-Requirements Project participating utilities’ needs.