FMPA’s Comments on the Florida Auditor General’s Preliminary and Tentative Operational Audit of FMPA

Comments from FMPA’s Chairman and FMPA’s General Manager and CEO

ORLANDO, Fla., Jan. 21, 2015 – Florida’s Auditor General released today its Preliminary and Tentative report following an operational audit of the Florida Municipal Power Agency (FMPA). FMPA’s Chairman and its General Manager and CEO have the following comments:

Bill Conrad, FMPA Chairman of the Board of Directors and Mayor of the City of Newberry

“On behalf of FMPA’s Board of Directors, we appreciate the Auditor General’s comments. FMPA is constantly looking for ways we can better serve our members. The Auditors’ six-month review process produced 15 recommendations that merit consideration. We thank the Auditor General staff for a very professional and productive audit.”

Nicholas P. Guarriello, FMPA General Manager and CEO

“I would like to thank the Auditor General’s staff for their independent and professional work. In the public arena, there has been a lot of misinformation about FMPA, so I hope this report ends that. All FMPA has ever tried to do is to faithfully administer the contracts for our members, their customers and our bondholders. FMPA will provide written comments to the Auditor General’s preliminary report within 30 days, as their process provides.”

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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.

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