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ON MOTION by Commissioner Solari, SECONDED by <br />Vice Chairman Davis, the Board unanimously approved <br />and authorized the Chairman to execute a letter to <br />President Barack Obama requesting that the U.S. Army <br />Corps of Engineers cease releasing freshwater from Lake <br />Okeechobee into the Indian River Lagoon. <br />14.A.2. CITY OF VERO BEACH ELECTRIC SALE TO FLORIDA POWER & LIGHT <br />(FPL) <br />(Clerk's Note: This item was heard following Item 8. TT. and is placed here for <br />continuity). <br />Chairman Flescher recalled that municipal voters had approved the sale of the City of <br />Vero Beach (the City) Electric Utility (Vero Electric) to Florida Power & Light (FPL) for the <br />purpose of lowering electricity costs for residents within the City and in the unincorporated areas <br />of the County. He noted that the City has been moving forward with the sale, but some new <br />concerns have arisen. <br />Glenn Heran used a PowerPoint Presentation (copy on file) to provide an overview of <br />the prospective sale of the City of Vero Beach (the City) Electric Utility to Florida Power & <br />Light (FPL) He provided a rate comparison (copy on file) of municipal vs. private providers <br />FPL, Duke Energy, and TECO Energy Company, and stressed that changing from City Electric <br />to FPL will result in tremendous cost savings to ratepayers. He provided background on the <br />Florida Municipal Power Agency (FMPA), which has 31 member municipalities, including the <br />City, and said that the City's FMPA entitlement assets (St Lucie Nuclear Unit II; Stanton I Coal; <br />and Stanton II Coal) must be transferred in order to consummate the sale, but the FMPA and the <br />FMEA (Florida Municipal Electric Association) have said there are costly penalties for doing so. <br />Mr. Heran asked the Board to partner with Indian River Shores to hire a public affairs lobbyist to <br />August 20, 2013 60 <br />BK 144 PG 238 <br />