Wholesale power project delivers on its commitment to members, lowers power costs
ORLANDO, Fla., May 1, 2015 – Florida Municipal Power Agency’s (FMPA) largest power supply project, All-Requirements, began serving Florida’s municipal electric utilities 29 years ago today.
Since its formation in 1986, the All-Requirements Project has played an important role providing competition in the Florida wholesale power market. By working together, municipal electric utilities have:
- Controlled their own destiny, so someone else won’t.
- Captured economies of scale in power generation.
- Created strength in numbers to be strong advocates for their customers.
- Saved millions of dollars in power supply costs.
“Through the years, FMPA’s member city owners have placed tremendous trust and received great value from FMPA’s All-Requirements Project,” said FMPA General Manager and CEO Nicholas P. Guarriello. “We have found ways to decrease our All-Requirements rate more than 20% in the past five years, and we plan to continue our focus on competitive rates.”
All-Requirements Project Top Accomplishments
May 1, 1986: FMPA’s All-Requirements Project begins operation. The founding cities are Bushnell, Green Cove Springs, Jacksonville Beach, Leesburg and Ocala.
May 1994: In a precedent-setting decision, the Federal Energy Regulatory Commission orders Florida Power & Light to sell network service to FMPA. With network service, generating utilities can be incorporated into All-Requirements.
September 2006: FMPA dedicates Stock Island Unit 4, a 42 MW, low sulfur oil-fired combustion turbine power plant in Key West, the first unit licensed and built by FMPA.
May 2008: Treasure Coast Energy Center Unit 1 begins commercial operation. The 300 MW natural gas-fueled power plant generates power 40% more efficiently than the generation it replaced.
March 2010: FMPA, in partnership with Keys Energy Services and NOAA’s Florida Keys National Marine Sanctuary, dedicates a new solar demonstration project in Key West.
August 2011: Cane Island Unit 4, a 300 MW natural gas-fueled power plant, is dedicated. FMPA’s investment in clean, efficient natural gas fired units helps reduce power costs and emissions, positioning FMPA cities for the future.
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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.