September 5, 2008

FPL Receives Approval to Modernize Power Plants, to Build Third Unit at WCEC

The Florida Power & Light Company has received approval from the Florida Public Service Commission to modernize its Riviera Beach and Cape Canaveral power plants and to build a third unit at the West County Energy Center.

The addition of a third West County unit in 2011 and modernizations of the Cape Canaveral and Riviera plants in 2013 and 2014, is expected to save Florida Power & Light (FPL) customers $1.2 billion over the life of the projects.

The new Cape Canaveral and Riviera Beach Next Generation Clean Energy Centers will reportedly be more efficient than the existing facilities, using at least 33% less fuel to produce the same amount of power. In addition, the modernized units are expected to improve Florida's energy security by reducing FPL's use of imported fuel oil by 1.5 million barrels per year.

The next step in the approval process for the plant modernization is the filing of site certification applications with the Florida Department of Environmental Protection, which is anticipated to take place by January 2009.

The next step in the approval process for the new West County Energy Center (WCEC) unit is a site certification hearing in October 2008. Under the Florida Power Plant Siting Act, the governor and cabinet must ultimately provide approval before the projects can be built.