Connect with us

Hi, what are you looking for?

CleanTechnica
FPLhttp://photos.prnewswire.com/medias/switch.do?prefix=/appnb&page=/getStoryRemapDetails.do&prnid=20120301%252fFL62738LOGO&action=details

Coal

Florida Public Service Commission OKs FPL’s Plan To Purchase & Shut Down 250 MW Coal Plant, As Means Of Getting Out Of Costly PPA

Florida Power & Light Company’s (FPL) proposal to purchase and eventually shut down the 250 megawatt (MW) Cedar Bay Coal Power Plant — as a means of getting out of a costly power-purchase-agreement (PPA) signed back in 1988 — has been approved (with some modifications) by the Florida Public Service Commission (PSC) and the Office of Public Counsel, according to recent reports.

The plan is expected to save FPL customers over $70 million dollars altogether — due to the fact that FPL can generate electricity at far lower rates than what it is forced to pay for electricity from the Cedar Bay facility (located in Jacksonville). The shutdown is also expected to curtail the release of nearly 1 million tons of carbon dioxide emissions annually, according to the company.

FPLhttp://photos.prnewswire.com/medias/switch.do?prefix=/appnb&page=/getStoryRemapDetails.do&prnid=20120301%252fFL62738LOGO&action=details

If this strategy hadn’t been pursued, then FPL would have been required to continue purchasing electricity (at high rates) from the Cedar Bay project through the year 2024. Under the new plan FPL will immediately terminate the PPA agreement, and lower facility operations by around 90% — before eventually phasing the facility out completely.
“As we continue to look for ways to improve the efficiency of our system and keep costs down for our customers, this plan is another smart step forward to serve our customers with affordable clean energy now and in the future,” stated Eric Silagy, president and CEO of FPL. “Phasing this plant out of service is expected to save FPL customers more than $70 million and avoid nearly 1 million tons of carbon dioxide emissions every year.”

FPL submitted an initial proposal to PSC back in March, before then redoing this proposal by working with the Office of Public Counsel.

“We appreciate Public Counsel’s willingness to work together with us on this. This is important recognition that smart investments can and do generate significant benefits for customers and for our state.”

Image Credit: FPL

 

Advertisement
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

Comments

You May Also Like

Clean Transport

The all inclusive EVolution Home package from FPL is a sweet deal for those who qualify.

Cars

Pre-fabrication saves time and lowers costs.

Cars

Florida is about to get 200 more ultra-fast EV chargers from ADS-TEC Energy.

Fossil Fuels

By Kristina Dahl  Last week I had the opportunity to testify at a hearing on “What More Gulf of Mexico Oil and Gas Leasing Means for Achieving...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.