FMPA meaning in Governmental ?

Answer:

What is Florida Municipal Power Agency mean?

The Florida Municipal Power Agency (FMPA) is a nonprofit, wholesale electric utilities and associated services company that serves its 31 Florida municipal electric utility system members. Based in Tallahassee, with its operational offices in Orlando FMPA is a governmental entity, established as a separate legal entity pursuant to interlocal agreement. FMPA's statutory authorization is found in section 163.01, Florida Statutes, and part II, chapter 361, Florida Statutes.

FMPA was created on February 24, 1978, by the signing of the Interlocal Agreement Creating the Florida Municipal Power Agency. Originally, 17 municipal electric utility systems were members of FMPA. FMPA was created largely in response to the Arab oil embargo that hit the U.S. economy hard in the 1970s. At that time, many of Florida's municipal electric utilities were trying to determine how to survive, and small cities needed the economies of scale that a larger organization could provide. With a $2 million seed money loan, the original members of FMPA created an organization to serve and support them, and to ensure the survival and vitality of Florida's municipal electric utilities in the future.

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