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Fort Pierce Utilities Authority keeps power cost adjustment at $4 after quarterly update
Summary
Finance manager Anja Tranfarini Sloane told the Fort Pierce Utilities Authority on April 21 that projections show the rate stabilization fund recovering after recent volatility and recommended holding the power cost adjustment (PCA) at $4; no board action was required.
Fort Pierce Utilities Authority members received a quarterly update April 21 on the power cost adjustment and the rate stabilization fund and were told the board does not need to change the PCA at this time.
Anja Tranfarini Sloane, identified in the meeting as the authority's finance manager, presented March projections using internal data and consultant analyses from FMPA and RefTelly. She said the authority's objective is to maintain an average $10,000,000 balance in the rate stabilization fund, with an optimal range between $8,000,000 and $12,000,000. In…
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