Guarriello Named Interim General Manager

ORLANDO, Fla., Aug. 5, 2008 – The Florida Municipal Power Agency (FMPA) today named Nicholas Guarriello as Interim General Manager, replacing Roger A. Fontes when he retires Sept. 5.

Guarriello has more than 30 years of experience in the utility industry. Currently, he serves as Principal and Immediate Past President/CEO of R.W. Beck, a national management consulting and engineering firm that provides services across several industries, including energy. From 1998 through 2005, Guarriello served as R.W. Beck’s President and CEO.

Guarriello has experience providing services to joint action agencies, including playing a key role in the formation of FMPA 30 years ago. He has served as project manager and principal-in-charge for numerous FMPA power supply studies, bond financings and contractual analyses and negotiations, including those relating to joint ownership agreements and litigation support services for FMPA. One of his recent assignments for FMPA included leading the development of the Agency’s 2008 Integrated Resource Plan.

“Nick is an exceptionally capable individual, who has tremendous knowledge of FMPA’s business,” said James C. Welsh, Chairman of FMPA and President and General Manager of Kissimmee Utility Authority. “FMPA is fortunate to have a candidate with his qualifications.”

Guarriello will be an executive on loan from R.W. Beck to FMPA. He will be solely devoted on a full-time basis to being FMPA’s Interim General Manager, and he will serve in this capacity at the pleasure of FMPA’s Board of Directors.

“I am grateful for the confidence of FMPA’s Board of Directors,” said Guarriello. “FMPA has a number of strategic initiatives underway, and I look forward to working with the Board to continue this organization’s outstanding track record of success.”

Guarriello holds a bachelor’s degree in electrical engineering from Polytechnic University, New York, and a master’s degree in business administration from New York University. He is a registered Professional Engineer in Florida.

Florida Municipal Power Agency (FMPA) is a wholesale power company owned by 30 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 2 million Floridians. FMPA’s members are 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.

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