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NEWS RELEASE


03/18/2008 Contact: 850-413-6482

FPSC Approves Need for Two New Nuclear Units at FPL Turkey Point Facility


TALLAHASSEE — Florida’s Public Service Commission (PSC) today approved a petition by Florida Power and Light (FPL) for a determination of need for two new nuclear units at its Turkey Point facility.

Turkey Point, located south of Miami, is home to two existing nuclear units, two gas and oil units, and one natural gas unit. The two new nuclear units, Units 6 and 7, are projected to come online in 2018 and 2020 and contribute between 2200 Megawatts (MW) and 3040 MW of new generation, which would power about one million average residential homes using 1,200 kWh per month.

FPL projects a need for 8350 MW of new generation by 2020 due to customer growth and the expiration of existing purchased power agreements. To meet the need, FPL plans to build the two new nuclear units, increase capacity at existing nuclear facilities, and expand natural gas combined cycle capacity, as well as increase renewable generation and demand-side management programs.

“Trends indicate there will be a substantial need for more power in FPL’s service territory, and these new nuclear units can help meet that need,” said PSC Chairman Matthew M. Carter II. “The nuclear units will provide a clean, non-carbon emitting source of base-load power to meet Florida’s growing energy needs.”

In making its determination, the Commission considered the need for electric system reliability and integrity, base-load power, adequate electricity at a reasonable cost, and whether the proposed units are the most cost-effective alternative available. The Commission also considered whether there are renewable energy sources or conservation measures available to the utility that might mitigate the need for the proposed plant.

A service hearing was held in Miami in early January to receive public testimony, and the public was provided an opportunity to testify at the beginning of the formal technical hearing in Tallahassee on January 30.

The PSC is committed to making sure that Florida's consumers receive their electric, natural gas, telephone, water, and wastewater services in a safe, affordable, and reliable manner. The PSC exercises regulatory authority over utilities in the areas of rate base/economic regulation; competitive market oversight; and monitors safety, reliability, and service.

For additional information, visit www.floridapsc.com.



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