| PROFILE The CEO/GM reports to the Public Works Commission and supervises over 600 personnel with direct reports that include Officers managing electric operations, water and wastewater operations, finance, information technology, human resources, communications and community relations, legal, corporate services, customer programs, and an Executive Assistant. The Public Works Commission is a Public Authority Chartered by the North Carolina Legislature in 1905. The Commission consists of four members, appointed by the Fayetteville City Council to serve up to two four-year staggered terms. The Commission has the sole responsibility for budgeting, policy making and rate setting for all FPWC operations and property under its management and control. The Commissioners elect a Chairman, Vice Chairman, Secretary and Treasurer and are responsible for the selection of the FPWC General Manager. FPWC Charter: https://www.faypwc.com/charter/ CONDITIONS
FPWC is in exemplary condition as indicated by top quartile accomplishments in many common performance categories. Conditions most indicative of the designation include a Diamond Level Reliable Public Power Provider RP3 award, “AA” ratings with S&P, “Aa2” rating with Moody’s, competitive rates, and commendable reputation within the community. FPWC Fayetteville FPWC provides electric, water and wastewater services to over 114,000 customers in Fayetteville/Cumberland County. Serving over 80,000 electric, 96,000 water, and 88,000 wastewater customers, FPWC is the largest municipal electric system in North Carolina and the 35th largest in the United States. FPWC is also the only North Carolina Municipal Utility to own and operate its own electric generation plan, the 265 MW Butler-Warner combined cycle plant, which also has 1MW of solar coupled to a 500kW battery storage system. FPWC also owns and operates two water filtration plants with a combined capacity of 57.5 MGD as well as two wastewater reclamation facilities with a combined capacity of 46 MGD. FPWC’s approved Operating Budget for FY2021 is $401.9 million which is 3.7% less than FY 2020 due primarily to lower anticipated power supply expenses. FPWC’s Capital Improvement Plan (CIP) budget for FY 2021 is $127.2 million. Moody’s Investors Service placed FPWC’s bond rating at “AA”. The rating assignment reflects FPWC’s low debt ratio, ample reserves, prudent management, as well as FPWC’s improved position as a result of renegotiation of power supply contracts with Duke Energy. FPWC provides a General Fund Transfer to the City of Fayetteville. The General Fund Transfer is 3.1% of the Electric Net Assets (around $11 million in 2019). FPWC Helpful Web Links: Main Web Site: https://www.faypwc.com Financial Information: https://www.faypwc.com/financials/ 2019 Annual Report (PDF): https://www.faypwc.com/wp-content/uploads/2019/11/cafr-2019.pdf Electric Service: https://www.faypwc.com/electric-service/ Water Service: https://www.faypwc.com/water-service/ Sanitary Service: https://www.faypwc.com/sewer-service/ Connections TV: https://www.faypwc.com/tv/ Awards: https://www.faypwc.com/awards/ FAYETTEVILLE, NORTH CAROLINA (from the City of Fayetteville site) The City of Fayetteville is a thriving community located in the Sandhills region of southeastern North Carolina and is the seat of Cumberland County. Raleigh, the state’s capital, is approximately 65 miles north of Fayetteville, and Charlotte, a major commercial center, is about 200 miles to the west of the city. Fayetteville is located adjacent to Interstate Highway 95, a major north-south corridor that links the city to Washington D.C., Baltimore, and New York to the north, and to Charleston, Orlando, and Miami to the south. Interstate 295 – the Fayetteville Outer Loop - is currently being built around the western side of the city, which will further increase the Fort Bragg and the city’s direct access to Interstate 95. The 39-mile outer loop with provide connectivity to the region that has previously been unseen. The bypass is about half-way completed now and will be fully completed by 2025. State highways also link the city to the beaches along the southeast coast and to the mountains in the west. Fayetteville encompasses portions of Fort Bragg and is adjacent to Pope Army Airfield. The bases add significantly to the Fayetteville area economy and to the culture of the community. There are a lot of changes taking place across the city and for those who have not been here recently, the last 20 years have seen unprecedented development, changing the city in so many ways. We have a revitalized downtown area, complete with retail shops and dining establishments, and that area is still seeing a large amount of growth, in part due to a new 40+ million dollar baseball stadium in our downtown area that is home to the Fayetteville Woodpeckers, an Astros affiliate and Class-A Advance baseball team. Coupled with that, we are seeing 80+ million dollar private investment project take place right next door to the stadium, where investors revitalized an historic hotel, The Prince Charles, into 59 one- and two-bedroom luxury apartments, known now as The Gathering at Prince Charles. Also next to the stadium, and currently under construction, is a soon-be-high-rise building; a Hyatt Place hotel and a 110,000 square foot office building, both of which are planned to be completed by the summer of 2021. We expect this reinvigorated interest in the downtown area will be sparking many other investment and expansion opportunities in the coming years. We have a plethora of historic sites, museums, local breweries, local sporting events, and shopping areas across the city as well. City Site: http://www.cityoffayetteville.org/ YouTube video on Fayetteville Detailed Info: http://www.usa.com/fayetteville-nc.htm City of Fayetteville Things to Do Facebook Things to Do In Fayetteville City-Data.com: http://www.city-data.com/city/Fayetteville-North-Carolina.html Wikipedia Site: http://en.wikipedia.org/wiki/Fayetteville,_North Carolina |