UTILITIESONGOING

Utility Forecasts Five-Year FMPA Power Supply Costs

The Utility Board budget forecasts $53.5 million in FY2027 purchased power costs with FMPA, declining slightly in subsequent years before reaching $55.4 million in FY2031. The expense supports the utility’s ongoing power supply requirements through the five-year financial-plan period.

Document date · August 26, 2026

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WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Purchased power costs forecast at $53,485,260 in FY2027, $52,954,315 in FY2028, $53,752,030 in FY2029, $54,561,711 in FY2030, and $55,383,538 in FY2031
Contract type
UTILITIES
Contract term
October 1, 2026 – September 30, 2031
Renewal date
2031-09-30
Renewal
Five-year budget horizon; no renewal or extension terms are stated.
Document type
Budget
Source document
Utility Board of the City of Key West Budget Draft & Financial Plan 2026-08-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the utilities contract by Key West Utility Board?

FMPA was awarded this utilities contract by Key West Utility Board, as recorded on August 26, 2026. The contract value is Purchased power costs forecast at $53,485,260 in FY2027, $52,954,315 in FY2028, $53,752,030 in FY2029, $54,561,711 in FY2030, and $55,383,538 in FY2031.

How much is the FMPA contract with Key West Utility Board worth?

The FMPA contract with Key West Utility Board is valued at Purchased power costs forecast at $53,485,260 in FY2027, $52,954,315 in FY2028, $53,752,030 in FY2029, $54,561,711 in FY2030, and $55,383,538 in FY2031, covering utilities work.

What type of contract is this?

This is a Utilities contract, documented as a budget record.

Where was this contract approved?

This contract appears in Utility Board of the City of Key West Budget Draft & Financial Plan 2026-08-26 (Budget), dated August 26, 2026 from Key West Utility Board. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does FMPA hold?

FMPA may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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