On April 4th, 2011 FPL sent a letter of intent regarding the sale of Vero Beach Electric. Approaching three years of negotiations, there is yet no end in sight, as the City has paid over $1.5M in legal fees, and the hired Attorneys are not even involved as the terms are now being structured between FPL and FMPA.
A closing date may well extend to the end of 2016, although FPL, the transactional attorneys and staff consistently tell the public an earlier sale is hopeful. Myriad appearances at Council meetings have described the strategy and progress, but FMPA representatives, upon which this transaction pivots, have never been present. Vice Mayor Kramer suggested inviting FMPA leadership to a Council meeting could well be instructive.
Alternative options have been proffered, dismissed and resurfaced as the County, Indian River Shores and pubic advocates now seek lobbying and legislation to evoke a partial sale and interfere with the interests of FPL and the City. All at taxpayers’ expense.
The taxpayers, and all customers demand and are entitled to relief from high utility rates. The time when such occurs \remains in doubt, as consistent promises of a clear path forward is enveloped in fog. – Lux et Veritas

Pilar Turner, Craig Fletcher and their good friend Tracy Carroll got us into this mess. They should be held responsible now and at election time. They can’t complete the sale and we have paid out $1,500, 000 to date . They promised a quick sale and still do, but nothing has happened as of today. People are getting tired of excuses by Amy Brunjes and the personal invective spewed by Charlie Wilson. If i recall correctly he promised the sale to FP&L would bring to the city $150,000,000,but his calculations are way off. He should face the facts that his credibility is at ground zero and sinking.
While campaigning for a seat on the City Council in the fall of 2009, Wilson did, in fact, maintain the City would net $150,000,000 from the sale. It now appears his prediction and campaign promise was off by no less than $147,000,000.