SOURCE: Industrial Info Resources

Industrial Info Resources

January 20, 2012 06:20 ET

FPL Capital Program Bets Big on Low Natural-Gas Prices, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jan 20, 2012) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Florida Power & Light Company (FPL) (Juno Beach, Florida), the utility unit of NextEra Energy Incorporated (NYSE:NEE) (Juno Beach), has bet big on natural gas, and so far the plan is working. FPL has committed to spend more than $3 billion to tear down two old, oil-fired generators and replace them with 2,500 megawatts (MW) of new natural-gas, combined-cycle (NGCC) generation capacity. A third project, valued at $1 billion, would add another 1,000-MW NGCC generator, if FPL moves forward with it.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at, or browse other breaking industrial news stories at

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

Contact Information

  • Contact:
    Joe Govreau