Orlando Utilities Commission

OUC is a statutory commission of the City of Orlando that operates electric and water utilities serving roughly 300,000 customers. The pension assets exist inside this operating utility, backing employee retirement obligations. This structure differs from independent state or municipal pension systems — OUC's pension is a liability of a revenue-generating utility rather than a separate public trust.

OUC co-owns the Curtis H. Stanton Energy Center, a combined-cycle natural gas and solar facility in Orlando, alongside the Florida Municipal Power Agency and Kissimmee Utility Authority. It also holds a 6.1% stake in Unit 2 of the St. Lucie Nuclear Power Plant operated by Florida Power & Light. Other assets include the Indian River Plant in Cocoa, the Osceola Generating Station, and a portfolio of commercial real estate including its Reliable Plaza headquarters.

OUC is not regulated by the Florida Public Service Commission. As a municipal utility, its Board of Commissioners sets rates autonomously without PSC rate-case proceedings. This gives OUC direct control over revenue collection from its electric, water, and chilled-water customers — a structural advantage that provides cash-flow visibility for long-term obligations including pension liabilities.