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Southern Company Announces Extension of Wholesale Power Agreement With Florida Power & Light

Posted on: Wednesday, 15 February 2006, 09:01 CST

ATLANTA, Feb. 15 /PRNewswire-FirstCall/ -- Southern Company announced today that it has signed an extension of a wholesale power agreement with Florida Power & Light Company (FPL). Under the agreement, Southern Company will continue to provide approximately 160 megawatts of electric energy to FPL. The agreement extends the term of the capacity and energy purchase through May 31, 2012.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020207/SOCOLOGO )

Power to supply FPL will be generated from Plant Oleander, a simple-cycle, combustion turbine electric generating plant located in Cocoa, Fla. Plant Oleander is owned by Southern Power, a subsidiary of Southern Company that builds, owns, manages and finances wholesale generating assets in the Southeast and sells to wholesale customers. With plants located in Alabama, Georgia and Florida, Southern Power currently has more than 5,400 megawatts of competitive generation to serve the wholesale power market.

"Southern Company and Florida Power & Light have had a solid business relationship for more than 20 years, and we are pleased to have the opportunity to build on the relationship. This extension demonstrates our continued commitment to the wholesale energy market in the Southeast," said Ronnie Bates, President and CEO of Southern Power.

Florida Power & Light Company is the principal subsidiary of FPL Group, Inc. , nationally known as a high quality, efficient and customer - driven organization focused on energy-related products and services. With annual revenues of more than $10 billion and a growing presence in 26 states, FPL Group is widely recognized as one of the country's premier power companies. Florida Power & Light Company serves 4.3 million customer accounts in Florida. FPL Energy, LLC, FPL Group's wholesale electricity generating subsidiary, is a leader in producing electricity from clean and renewable fuels. Additional information is available on the Internet at http://www.fpl.com/, http://www.fplgroup.com/ and http://www.fplenergy.com/.

With more than 4 million customers and more than 40,000 megawatts of generating capacity, Atlanta-based Southern Company is the premier super-regional energy company in the Southeast and a leading U.S. producer of electricity. Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are 15 percent below the national average. Southern Company has been ranked the nation's top energy utility in the American Customer Satisfaction Index six years in a row. Southern Company has more than 500,000 shareholders, making its common stock one of the most widely held in the United States. Visit the Southern Company Web site at http://www.southerncompany.com/.

First Call Analyst: FCMN Contact: mltyndal@southernco.com

Photo: http://www.newscom.com/cgi-bin/prnh/20020207/SOCOLOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com

Southern Company

CONTACT: Mike Tyndall of Southern Company, +1-404-506-5333, or+1-866-506-5333, or media@southerncompany.com

Web site: http://www.southerncompany.com/http://www.fpl.com/http://www.fplgroup.com/http://www.fplenergy.com/

Source: PRNewswire-FirstCall

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