FMPA Becomes Wholesale Electricity Provider to Quincy, Fla.
Agreement offers lowest cost to city’s customers, optimizes FMPA’s power resources
ORLANDO, Fla., Jan. 4, 2011 — Citizens in Quincy, Fla., are expected to see their electricity bills drop in the new year since the city switched its wholesale electricity provider to the Florida Municipal Power Agency (FMPA).
Quincy selected FMPA over four other potential providers in a competitive bidding process. FMPA was selected because it provided the lowest cost. FMPA will supply full-requirements service of approximately 23 megawatts for a five-year term effective Jan. 1, 2011.
FMPA is a wholesale power company owned by 30 municipal electric utilities in Florida. FMPA provides economies of scale in power generation and related services to support community-owned electric utilities.
“FMPA is honored to have the opportunity to deliver reliable, low-cost power to the city of Quincy,” said FMPA General Manager and CEO Nicholas P. Guarriello. “This partnership is a win-win that will optimize FMPA’s generation use for its member-owners, while saving money for Quincy and its electric customers.”
FMPA currently provides all the wholesale power needs for 14 Florida cities. Serving the power supply needs of other municipal electric utilities, like Quincy, is an opportunity for the Agency to optimize its generation capacity resources as part of FMPA’s strategic plan to lower wholesale electric costs.
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Florida Municipal Power Agency (FMPA) is a wholesale power company owned by 30 municipal electric utilities in Florida. 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. 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.