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10/27/2014 (3)
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10/27/2014 (3)
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6/26/2018 2:52:34 PM
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Meetings
Meeting Type
Special Call
Document Type
Minutes
Meeting Date
10/27/2014
Meeting Body
Board of County Commissioners
Book and Page
4
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H:\Indian River\Network Files\SL00000D\S00044U.tif
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subsidy of the City's General Fund by the utility system; and (3) the formation of <br /> an electric utility, that is controlled by a governing Board that fairly and <br /> proportionately represents the geographic makeup of the City's Electric Utility <br /> customer base. <br /> 3:05 County Attorney Dylan Reingold introduced the Board's outside legal counsel, <br /> p.m. Attorney Floyd Self, from Gonzales, Saggio, and Harlan LLP, Tallahassee. <br /> Attorney Reingold said he had attended the City meeting on October 21, 2014, <br /> and at that meeting, Attorney Robert Scheffel Wright, with Gardner, Bist, <br /> Wiener, Bowden, Bush, Dee, LaVia & Wright, P.A. and utility Attorney for the <br /> City, announced that there was a tentative agreement regarding the Orlando <br /> Utilities Commission (OUC) contract, and a possible amendment proposal to <br /> OUC and the City. He reported that the revised 2008 Power Purchase Agreement <br /> (PPA) with OUC included the following provisions: (1) a decrease in the capacity <br /> payments under the PPA between OUC and the City by approximately $7 million <br /> per year for the first three years of the amended PPA, and thereafter the decrease <br /> would be between $4.1 million and $5.3 million per year for the remainder of the <br /> term, which runs through 2029; (2) the City purchasing 54 megawatts (mw) of <br /> peak power from OUC, which would enable the City to close the Vero Beach <br /> Municipal Power Plant; (3) a provision of minimum take of the base capacity of <br /> 85 mw by the City; (4) OUC having a one-time option to terminate the PPA, no <br /> earlier than 2020 with a two-year notice; (5) OUC having a one-time option to <br /> acquire Vero Beach's rights to the output of the St. Lucie Project through a PPA; <br /> and (6) OUC permanently retaining the gas transportation rights currently <br /> assigned to OUC under the 2008 PPA. He also reviewed the Agenda for <br /> tomorrow's Joint Public meeting, and identified some of the issues and comments <br /> that might be brought up. <br /> 3:15 Chairman O'Bryan voiced his concerns over the proposed PPA revisions with <br /> p.m. OUC, the Town's civil lawsuit against the City for unreasonably high electric <br /> rates, and the mediation process under the Statute. <br /> 3:22 Commissioner Zorc recapped data from the Florida Municipal Power Agency <br /> p.m. (FMPA) spreadsheet (on file) that compared ten years of residential and <br /> commercial electric rates, and showed that FPL, on a 10-year average, had <br /> consistently been the lowest cost provider. He believed the rates were artificially <br /> low to start off with, and after a short period of time, would increase; therefore, <br /> he believed this would be another long term bad commitment. <br /> 3:25 Commissioner Solari spoke about the last FMPA meeting, which showed that <br /> p.m. while the Board was discussing price reductions, the City's price was going up, <br /> and he believed the control of the increases were beyond the City's control. He <br /> did not believe the money would stop flowing from the subsidy that Vero Electric <br /> provides to the City's General Fund. He questioned the good faith of the City <br /> when the Mayor is taking off the table the one thing that the City has control over <br /> (the subsidy); and felt if the City was serious in reducing rates, the first thing they <br /> would do is eliminate the 6% from customers' electric bills. He said it would be <br /> nice to have good numbers in the package, and hoped the City would not move <br /> Special Call Meeting <br /> October 27,2014 Page 2 <br />
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