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FPUA holds power‑cost adjustment at 0% as rate‑stabilization fund sits above target
Summary
FPUA staff presented a December update showing the Rate Stabilization Fund at about $11.5 million (target $10 million) and recommended no change to the power cost adjustment (PCA), which the board received as an information item.
Fort Pierce Utilities Authority staff presented an information update on Feb. 18 showing the utility's Rate Stabilization Fund balance and recommending no change to the power cost adjustment charged to customers.
Barbara Micah, chief financial officer, presented the December projection from the Florida Municipal Power Association (FMPA) and the FPUA's PCA analysis. Micah said the Rate…
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