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“Super” Joint Action presentation to APPA 2004 Joint Action Workshop Dec. 5-7, 2004

“Super” Joint Action presentation to APPA 2004 Joint Action Workshop Dec. 5-7, 2004. “Super” Joint Action. What is it? Why do it? Roadblocks PGP Other Efforts. What Is It?. The idea of “super” joint action is not new

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“Super” Joint Action presentation to APPA 2004 Joint Action Workshop Dec. 5-7, 2004

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  1. “Super” Joint Action presentation to APPA 2004 Joint Action Workshop Dec. 5-7, 2004

  2. “Super” Joint Action • What is it? • Why do it? • Roadblocks • PGP • Other Efforts 2

  3. What Is It? • The idea of “super” joint action is not new • Finding opportunities where agencies spread over multiple regions can create synergies 3

  4. Why Do It? • Create economies of scale in market • Diversify risk of participating in opportunity • Sharing of knowledge and experience across multiple agencies • Sharing of costs 4

  5. Roadblocks • State laws/regulations • Agency Interlocal agreements • Multiple legal staffs • Egos 5

  6. PGP • Idea for multi-regional agency spawned by MGAG, FMPA and MEAG • Marketing of concept • MGAG – municipal gas groups in Southeast • FMPA – Florida municipals, electric and gas • MEAG – other TEA members • Initial interest by 15 JAA/municipals in February 2004 6

  7. PGP Continued • LOI signed by 10 JAA/municipals April 2004 • Work began on agreements in May 2004 • Production Sharing Agreement • Letters of Incorporation • By-Laws • Committees formed to help move process along • Legal & Tax • Finance • Operations 7

  8. PGP Continued • Weekly conference calls and monthly face-to-face meetings • Multiple drafts of all agreements • Letters of Incorporation filed in Georgia in October 2004 • Production Sharing Agreements signed by 7 entities in November 2004 and election of Officers 8

  9. Why PGP? • Mission Statement To provide the most economical and reliable long term natural gas supplies in the most proficient manner for the greater benefit of the customers served by its Members. 9

  10. Why PGP? Continued • Opportunity to invest in multiple projects in multiple locations • Sharing of overhead costs • Complimentary load shapes of gas and electrics • RISK DIVERSITY!!! 10

  11. Other “Super” Joint Action • The “Good Guys” • Group of large Florida municipals, one electric cooperative and Georgia JAA • Objective to spawn ideas for cooperative efforts 11

  12. Other “Super” Joint Action • Ideas from “Good Guys” • Mutual Aid Agreement • Solid Fuel Generation Project • Natural gas reserve acquisitions • Joint purchasing of LNG • Joint disaster recovery • Statewide power pool • Coal reserve acquisitions 12

  13. Final Comments • “Super” joint action provides great risk diversity opportunities and economies of scale • Be prepared for roadblocks • Allows for thinking outside the box • Take advantage of talents available at multiple agencies • Lowers costs of projects 13

  14. “Super” Joint Action Questions? 14

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