The Florida Municipal Power Agency has entered into agreements to acquire three power plants, comprising approximately 339 megawatts of natural gas-fired combined cycle generation in central Florida, FMPA said on June 29.
The acquisitions include Orlando Cogeneration (120 MW), Orlando Mulberry (115 MW) and Orange Cogeneration (104 MW).
FMPA is a wholesale power agency owned by municipal electric utilities in Florida.
The acquisitions are expected to close in 2024 and 2025, following the expiration of each facility’s current long-term power purchase contracts.
“We are extremely pleased to announce the entry into purchase agreements for these facilities that will help FMPA further its mission of providing low-cost, reliable, and clean power,” said Jacob Williams, FMPA’s General Manager and CEO.
“Completing the acquisition of these high performing plants will represent a significant step toward meeting our growing power needs for the next 15 years. We are looking forward to working with teams at these three facilities, that have operated so well for over 25 years each,” he said.
Howard McKinnon, FMPA Executive Committee Chairman added: “We are very excited that we have reached agreement for the facilities and the many benefits they will bring to our members. These plants are the most economical alternative for adding low-cost power resources as FMPA’s Stanton coal unit resources ramp down in 2025.”
FMPA is acquiring the generation facilities from organizations whose owners include Northern Star Generation LLC, as well as Atlantic Power & Utilities, LP.
In 2026, following the expected completion of the three acquisitions, FMPA will control 2,100 MW of generation resources to support the All-Requirements Project participating utilities’ needs.
The All-Requirements Project serves all the power needs of 13 cities from a variety of power generating units.