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Senator Mayfield, District 17 — Press Release

FOR IMMEDIATE RELEASE

February 16, 2017

CONTACT: Kayla Bailey, 850-487-5017


Senator Mayfield Announces Progress in the Sale of Vero Electric

TALLAHASSEE —

State Senator Debbie Mayfield (R-17) announced that after discussions with the Florida Municipal Power Agency (FMPA) and local government officials in Indian River County, tangible progress towards the sale of Vero Electric is taking place.  In a letter the FMPA provided to the City of Vero Beach, the estimated exit cost from three All-Requirements Projects that the city is currently involved in is $108 million.  Although completing this complicated transaction may take up to a year, it is the second phase of a two-part process which also includes the partial sale of Vero Electric’s Indian River Shores customers to FP&L in the near term.

 

“I am proud that my efforts to bring greater transparency and accountability to how electric rates are derived and assessed by municipal power utilities throughout Florida have led to meaningful dialogue between the FMPA and the City of Vero Beach towards the much-desired sale,” said Senator Mayfield.

 

In recent months Senator Jack Latvala (R-16) and State Representative Erin Grall (R-54) joined with Senator Mayfield in pushing municipal electric providers to achieve improvements in service and cost control. 

 

“The municipal electric utilities often are providing services to citizens outside their political boundary.  It thus falls on us the legislature to ensure there is rate equity among all citizens, and that as recent hurricane season highlighted, better coordination within that sector so power is restored to communities as quickly as possible following a storm event,” Stated Representative Grall.

 

In response, the FMPA has had a change in leadership which has prioritized addressing the issues that have concerned the Legislature.  “General Manager and CEO Jacob Williams has impressed us all with the progress he has made over a short period of time.  It is because of his efforts that today I agreed to postpone additional review of the FMPA by the Office of Program Policy & Government Accountability.  Additionally, Representative Grall and I have agreed to stay legislation we had planned on filing, to not distract the parties from their efforts to complete the partial and full sale of Vero Electric as soon as possible,” said Senator Mayfield.

 

“We have made it clear to the FMPA that as long as they fulfill their commitments to work towards a reasonable sale of the utility, there will not be a need for further legislative action.” said Senator Latvala.

 

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