Consultant to assist FMPA with responses to two Auditor General’s recommendations

ORLANDO, Fla., July 2, 2015 – Florida Municipal Power Agency (FMPA) received proposals from six independent management consultants to assist the Agency in responding to two findings of the Florida Auditor General’s operational audit.

The firms who responded to FMPA’s Request for Qualifications included: Baker Tilly, McKinsey & Company, Mercatus Energy Advisors, NERA Economic Consulting, Stonecroft Advisors, and Vista Energy Group.

FMPA’s members have reserved the option to schedule, if needed, an interview with some or all respondents. Interviews will be scheduled on July 30. After that, a ranking will be published and negotiations will commence with the top-ranked firm.

The consultant will provide analysis and recommendations on fuel hedging and the All-Requirements Project contract termination provisions. The selected consultant will present its initial results to FMPA’s Executive Committee on Nov. 19, 2015.

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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.