WHAT WE DO
VISION
Being the preferred power and service provider for municipal electric utilities and the company of choice for employees.
MISSION
To provide competitively priced, reliable power and value-added services for municipal electric utilities through joint action.
VALUES
• Trust built through honesty, integrity, openness and respect
• Innovation and excellence
• Teamwork among employees and members
• Cultural diversity
• Employee recognition, reward and empowerment
• Environmentally responsible operations
FACT SHEET
FMPA is …
Florida Municipal Power Agency (FMPA) is a wholesale power company owned by municipal electric utilities. FMPA provides economies of scale in power generation and related services to support community-owned electric utilities.
JOINT ACTION
Each utility is locally owned and operated; however, municipal utilities share common concerns that can best be solved by working together. For example, by coordinating the power supply needs of several municipals, a larger, more efficient plant can be built, and other economies of scale help reduce the cost of power. In addition, through joint action, municipal utilities can obtain power from several power plants rather than depend on the operation and cost of fewer plants.
AUTHORITY
Local governments are authorized by Florida Statutes to enter together into mutually advantageous agreements that create a separate legal entity. FMPA was formed in 1978 as one such governmental legal entity. FMPA is specifically authorized under Florida law to undertake specific joint projects for its members and to issue tax-exempt bonds and other obligations to finance the costs of such projects. FMPA is also authorized to implement a pooled financing program for utility-related projects of FMPA and its members.
MEMBERSHIP
Thirty municipal electric systems, serving approximately 2 million Floridians, are members of FMPA. Each member appoints one representative to FMPA’s Board of Directors, which governs the Agency’s activities.
FINANCES
Due to the diverse needs of municipal electric systems, FMPA was established as a project-oriented agency. Under this structure, each member has the option whether or not to participate in a project. Members may join more than one project; however, each project is independent from the others, so no revenues or funds available from one project can be used to pay the costs of another project.
PROJECTS
FMPA has five power supply projects and one pooled financing project. The Agency supplies all the power needs for 14 of its members and some of the power needs for six of its members. Some members do not currently participate in a project. FMPA supplies nearly 50% of its members’ power needs.
STAFF
FMPA has a staff of approximately 70 full-time positions. In addition, FMPA has a few part-time positions and a few contract positions.
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