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NEWS RELEASE


09/29/2008 Contact: 850-413-6482

Florida Public Service Commission Supports Development of Progress/Vision Renewable Energy Facility


TALLAHASSEE — Florida’s Public Service Commission (PSC) today further supported development of renewable energy technology by approving Progress Energy Florida’s (Progress) purchase of firm capacity and energy from a proposed Vision/FL, LLC (Vision) biomass facility.

“Biomass facilities are important in meeting Florida’s renewable energy goals and in developing a more diverse generation mix within the state,” said PSC Chairman Matthew M. Carter II.  “Converting crops to fuel reduces our dependence on expensive fossil fuels and helps to meet Florida’s growing energy demand.”

The renewable energy facility will be a combined ethanol/electric power plant which will convert sugar juice from sweet sorghum into ethanol.  The remaining waste will be used as fuel for a steam boiler that will produce up to 50 megawatts (MW) of electricity.  Vision intends to construct and operate the biomass electric generating facility in Osceola County, Florida.

Vision plans to sell 40 MW of firm capacity and associated energy from the facility to Progress for 25 years beginning January 1, 2010.  The facility is expected to serve the energy needs of approximately 24,000 homes.

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 monitoring of safety, reliability, and service.

For additional information, visit www.floridapsc.com.



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