Senator Wilton Simpson, District 10 — Press Release
FOR IMMEDIATE RELEASE
November 18, 2015
Consumer Transparency Act Filed by Simpson & Mayfield
Senator Wilton Simpson (R-Trilby) and Representative Debbie Mayfield (R-Vero Beach) have filed the 2015 Consumer Transparency Act (HB 579 and SB 840) which gives over 2 million utility customers access to information regarding how taxpayer-owned electric companies spend tax dollars.
“Our constituents have a right to see how these entities are collecting and spending their tax dollars,” said Rep. Mayfield. “In a recent audit of the Florida Municipal Power Agency (FMPA), Florida’s Auditor General identified 15 questionable practices. Most alarming was hedging that resulted in a net loss of $247 million in recent years, employee compensation that is much higher than average within the industry, and a failure to competitively bid contracts.”
Currently, the FMPA is not subject to any rate setting authority, and although it is a governmental entity, is exempt from many laws that citizens expect and rely on for protection. “FMPA must be accountable to the taxpayers they serve,” said Senator Simpson. “The time has come for all public agencies to open their books, operate using fair market practices, and respect the Floridians they serve. This legislation will go a long way in accomplishing that goal.”