Florida Municipal Power Agency · Orlando, FL United States
Company Description
View Florida Municipal Power Agency Locations On A US Map
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This link will open in a new window Unlike some politicians, Florida Municipal Power Agency doesn't believe in holding on to power. The non-profit public agency generates and supplies electric power to 30 county or municipally owned distribution utilities, which in turn serve 2 million Florida residents and businesses. Each of the distribution utilities appoints one representative to Florida Municipal Power Agency's board of directors, which governs the agency's activities. The Agency is authorized to undertake joint projects for its members and to issue tax-exempt bonds to finance the costs of such projects. It is also empowered to implement a pooled financing program for utility-related projects. To read the full description, subscribe now.
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Key Florida Municipal Power Agency Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | September |
| Annual Sales (mil.) | $0.0 |
| Employees | 67 |
Florida Municipal Power Agency Executives
9 executives listed for Florida Municipal Power Agency's Orlando, FL location.
| Title | Name & Bio | Contact |
| Chairman | James Welsh | Network |
| Vice Chairman | Vince Ruano | Network |
| General Manager and CEO | Roger Fontes | Network |
Competition
Competitive Landscape for Florida Municipal Power Agency
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Florida Municipal Power Agency Competitors
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