Florida Power & Light to modernize fleet of power plants
Staff writer ▼ | July 4, 2015
Florida Power & Light Company (FPL) announced the next major planned investment in its ongoing effort to modernize its fleet of power plants.Article continues below
As several older, less-efficient generating units are phased out, the company plans to add a new, high-efficiency energy center that would begin generating cleaner, more-efficient electricity in 2019 to meet the needs of Florida's growing population and economy while helping reduce emissions and keep customer rates and bills low.
The addition of a new combined-cycle power plant fueled by clean, U.S.-produced natural gas is the best, most economical option to meet anticipated customer needs beginning in 2019, according to the company's extensive analysis.
If approved by regulators, the new plant would be built on company-owned property in northeastern Okeechobee County, Fla., and enter service by mid-2019. The facility would complement other major system improvements, including the three new large-scale solar power plants that FPL is building before the end of 2016.
Investments in high-efficiency, natural gas energy centers since 2001 have enabled FPL to cut its use of foreign oil by more than 99 percent – from more than 40 million barrels to less than 1 million barrels annually today.
Since 2001, the effectiveness of these investments has saved FPL customers more than $7.5 billion on fuel costs and prevented more than 85 million tons of carbon emissions. ■ What to read next
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