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We've worked long and hard together with Vero Beach <br /> Over the last year. . . <br /> • October 2012: The City of Vero Beach, Orlando Utilities <br /> Commission and FPL partnered on a solution to exit Vero <br /> Beach from its 3rd party obligations <br /> — Vero Beach's 3rd party obligations presented the greatest hurdle <br /> towards reaching an executable deal <br /> — The City will pay $20 million to OUC for terminating its existing <br /> wholesale power contract, along with $34 million to assume the <br /> City's Florida Municipal Power Agency contracts <br /> • February 2013: The Vero Beach City Council approved <br /> the purchase and sale agreement with FPL <br /> • March 2013: 64% of City voters were in favor of the sale <br /> • April 2013: The City conducted a survey of all electric <br /> system users; 85% approved of the sale <br /> q m. <br /> �'09 <br />