Tuesday, June 24, 2014

Florida Power & Light Company (FPL): FPL Newsroom - News Releases

FPL’s typical customer electric bill remains the lowest in Florida for the fifth straight year

FPL low bill continues to be one of the state’s greatest economic development tools in attracting new business and creating jobs

A major contributor to low customer rates is FPL’s strategy of investing in highly efficient power plants that run on clean, American-produced natural gas. FPL has systematically reduced by 99 percent its use of foreign oil to generate electricity– from more than 40 million barrels a year in 2001 to about 200,000 last year.

These investments have saved customers more than $6.5 billion in fuel costs with more savings expected. FPL’s Riviera Beach Next Generation Clean Energy Center in Palm Beach County, which officially entered commercial service today, is the latest example of the company’s efforts to modernize its power plant fleet. FPL invested $1.3 billion to build the plant on the Port of Palm Beach site where a 1960s-era, oil-fired plant stood until it was dismantled in 2011. Construction was completed under budget and two months ahead of schedule.

“During the past four years, we’ve witnessed a remarkable rebound in Florida’s economy, particularly in the area of job growth,” said Silagy [Eric Silagy, president of FPL]. “FPL remains committed to helping grow Florida’s economy and ensuring our state continues to be one of the most attractive and affordable places in the country to live and run a business.”

Click title for link to more about FPL and their "beating hearts of development."