Laserfiche WebLink
Schef Wright <br />From: Schef Wright <br />Sent: Thursday, January 22, 2015 3:57 PM <br />To: 'Dylan Reingold' <br />Cc: 'Floyd R. Self; 'Coment, Wayne (WComent@covb.org); bruce.may@hklaw.com; <br />chesterc@chesterclem.com; cclem@chesterclem.com; ca.alvarez@embarqmail.com; Jay <br />LaVia <br />Subject: RE: FMPA Meetings <br />Good afternoon, Dylan — <br />Probably by the time you receive this email, you will have received copies of the emails transmitting the City's requests: <br />(1) to OUC and FPL for a meeting to discuss possible ways to effectuate the sale/purchase of the City's electric system, <br />and (2) to FMPA for a meeting to discuss ways by which we may be able to reduce the City's wholesale power supply <br />costs. <br />I'm sending you this email separately — copying all recipients of your email to me — to give you a bit of additional <br />information. I got home just before 1AM on Tuesday night, and yesterday, I drafted the letters that 1 just sent; Wayne <br />reviewed them this morning, and I sent them this afternoon. <br />The reason that we decided not to seek a meeting with the FMPA bond entities at this time is that for them to attend <br />would likely involve costs for attorneys for those bond entities that would come to something on the order of $2,000- <br />$3,000 per hour or more. In light of that fact, the City believes that it would be unreasonable and imprudent to spend <br />City funds for such costs UNTIL we determine whether there is at least a conceptual path forward, and identifying any <br />such paths is the goal of the meeting that we have requested of OUC and FPL. <br />Responding to your earlier question/request, the City certainly has no objection to the County setting up meetings with <br />the bond entities on its own, but at this juncture, the City is not willing to expose its electric customers to such <br />additional expense until we know that there would be substantive justification for doing so. <br />If you have any questions, feel free to call me any time. <br />All the best, Schef <br />From: Dylan Reingold Finaiito:dreingoldCc�ircgov.com) <br />Sent: Thursday, January 22, 2015 8:05 AM <br />To: Schef Wright <br />Cc: 'Floyd R. Self; 'Coment, Wayne (WComentcovb.orq)'; bruce.mayOhklaw.com; chestercachesterclem.com; <br />cclem@chesterclem.com; ca.alvarezCc�embaramail.com <br />Subject: RE: FMPA Meetings <br />Mr. Wright, <br />Good morning, sir! <br />As a follow-up to my email from last Wednesday, do you have a reply with respect to my inquiry concerning <br />meetings with FMPA or representatives of the bondholders? <br />1 <br />225 <br />