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.

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