Based upon the Florida Municipal Power Agency‘s (FMPA) current Base Load forecast, the All-Requirements Power Supply Project (ARP) participants currently do not require any additional resources until the summer of 2024, when they will need to acquire 33 MW from an undesignated source to maintain FMPA’s 18% reserve margin.
The Florida Municipal Power Agency is a project-oriented, joint-action agency. There are currently 31 members of FMPA – each a municipal electric utility – located throughout Florida. The total summer capacity of ARP resources for the year 2015 is 1,665 MW.
FMPA said in a Ten-Year Site Plan filed March 31 at the Florida Public Service Commission that if it were to add new capacity, the following are potential sites: Cane Island Power Park; Treasure Coast Energy Center; and Stock Island. FMPA anticipates that simple cycle combustion turbines could be installed at these existing generation sites located within or adjacent to the service territories of ARP Participants. FMPA also anticipates that combined cycle generation could be installed at the Treasure Coast Energy Center site. FMPA noted that it continuously explores the feasibility of other sites located within Florida with the expectation that ARP Participants’ service territories would provide the best option for future development.
One variable out near the end of the ten-year forecast period is the fact that Stanton A is a combined cycle unit jointly owned by FMPA on behalf of the ARP, along with the Kissimmee Utility Authority (KUA), the Orlando Utilities Commission and Southern Co. KUA and the ARP each owns 3.5% of the unit, with the ARP purchasing the capacity and energy from KUA’s ownership interest. Additionally, the ARP has a PPA with Southern Co. for rights to an additional 13% of the capacity and energy from the unit (or 20% total, including the ARP and KUA ownership interests) (“Stanton A PPA”). The initial term of the Stanton A PPA expires in September 2023 and includes up to two, five-year extension terms. FMPA has not yet determined whether it will extend the Stanton A PPA beyond the initial term; however, FMPA does view extension of the Stanton A PPA to be a potential option for meeting the ARP’s capacity need currently shown for the summer of 2024.