Florida Keys Electric Cooperative Association Intervenes in Vandolah Power Acquisition

Strategic Insights -

The Florida Keys Electric Cooperative Association, Inc. (FKEC) has submitted a motion to intervene in the Federal Energy Regulatory Commission (FERC) proceeding related to Vandolah Power Company L.L.C.'s acquisition of the Vandolah Generating Facility. FKEC, a member-owned electric distribution and transmission cooperative serving approximately 32,000 accounts, has a direct and substantial interest in the outcome of the acquisition as a full requirements customer of FPL. FKEC's participation in the proceeding is in the public interest, as the acquisition will impact the rates of FKEC and its members.

Key Takeaways:

  • FKEC is a member-owned electric distribution and transmission cooperative serving approximately 32,000 accounts from the Monroe-Dade County line to the Seven Mile Bridge.
  • FKEC has been a full power supply requirements customer of FPL since 2011 under a twenty-year agreement.
  • FKEC is a network transmission service customer under the FPL OATT.
  • FKEC has a direct and substantial interest in the Vandolah Power acquisition due to its status as a full requirements customer of FPL.
  • FKEC's participation in the proceeding is in the public interest.
  • FKEC is seeking FERC approval to acquire Vandolah Power, the owner of the natural gas/oil-fired 660 MW Vandolah Generating Facility.
  • FKEC's participation in the proceeding will ensure that the interests of its members are represented.

Statistics:

  • 32,000: The number of accounts served by FKEC.
  • 20 years: The initial term of the full power supply requirements agreement between FKEC and FPL.
  • 660 MW: The capacity of the Vandolah Generating Facility.

Sources:

  • Motion to Intervene of Florida Keys Electric Cooperative Association, Inc. under EC25-101-000.
  • Joint Application for Authorization Under Section 203 of the Federal Power Act of Vandolah Power Company L.L.C. et al., under EC25-101.