Summary In summary, Vero Beach desires to sell its electric utility to Florida Power & Light. Vero Beach receives 51 MW of power from three FMPA power Projects. The City of Alachua is a partner with Vero Beach in the St. Lucie Project. Vero Beach is asking to have FMPA’s All-Requirements Project (ARP) assume Vero Beach’s entitlements in the three FMPA Projects. FMPA’s contracts require consents and waivers from City of Alachua and others to release Vero Beach from FMPA agreements.
The approval of Resolution 18-10 authorizes the necessary documents to be executed to allow for this transaction to take place.
Florida Municipal Power Agency General Counsel Jody Finklea will be in attendance at tonight's meeting to explain the process and answer questions. |