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Public Service Commission


NEWS RELEASE


10/24/2006 Contact: 850-413-6482

Commission Approves Green Power Program for FPL


TALLAHASSEE — The Florida Public Service Commission approved a Florida Power and Light (FPL) Green Power Program (GPP) aimed at encouraging the development of renewable resources. The Commission approved the GPP as part of FPL’s demand-side management program (DSM).

FPL's GPP provides a mechanism for interested customers to voluntarily encourage renewable development through the use of Tradable Renewable Energy Credits (TRECs). Each participating customer will be charged $9.75 per month in addition to the customer's charges under the Residential Service rate schedule. In return for each $9.75 customer contribution, FPL will purchase TRECs, associated with 1,000 kWh of renewable energy.

Beginning in April of 2007, residential customers will also have the option of purchasing extra 1,000 kWh blocks and paying an additional $9.75 per block. FPL has committed to the development or purchase of 150 kW of solar capacity within Florida for every 10,000 participating residential customers.

The original program was approved as a pilot in 2004. At the end of June 2006, the pilot program had approximately 25,286 residential participants. The pilot, which was set to expire on December 31, 2006, will be converted to a permanent program. As part of its current DSM program, FPL determined that its business customers also desired a program that balanced their personal environmental beliefs with their business needs. Based on these findings, the offering will also be extended to commercial customers.



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