JUNO BEACH, Fla., April 17 /PRNewswire/ -- FPL Energy, LLC, a subsidiary
of FPL Group (NYSE: FPL), today announced it will build, own and operate a
1,789-megawatt, natural gas-fired power plant in the Dallas-Fort Worth area
that will be one of the largest independent generation projects in the state.
With the capacity to power more than one million Texas homes, electricity
generated at the Forney, Texas site, just 20 miles east of Dallas, will be
sold primarily in the state's wholesale market. Initially developed by the
Cobisa Corporation, FPL Energy purchased 95 percent of the project and assumed
the lead development role and management of the project at the end of last
year. Cobisa retains a five percent interest in the project.
Construction of the advanced technology, combined-cycle facility is
targeted to begin in June 2001. The plant is expected to begin commercial
operation in the second quarter of 2003.
"We are excited about this new opportunity to provide low-cost, clean
energy to the high-growth Texas regional market. This project significantly
enhances our portfolio in Texas, which is forecasting significant population
growth and increased need for electricity and where state regulators are
encouraging development of a robust wholesale market, particularly in
renewable sources and clean-burning natural gas," said FPL Energy President
Lew Hay.
FPL Energy owns and operates a 1,000-megawatt natural gas plant in Paris,
Texas, and the 75-megawatt Southwest Mesa Wind Farm in West Texas. It has two
plants currently under construction: a 535-megawatt natural gas plant in
Bastrop, near Austin, and the 160-megawatt Woodward Mountain wind power
facility in the Midland-Odessa area. In addition, the company recently
announced the development of a 278-megawatt wind energy facility on King
Mountain, also in the Midland-Odessa area. With the addition of the Forney
plant, FPL Energy will have 3,800 gross (approximately 3,400 net) megawatts in
its Texas portfolio of projects operating, under construction or in advanced
stages of development.
FPL Energy is a leading independent producer of clean energy, including
natural gas, wind, solar and hydroelectric. It owns and operates power plants
with more than 4,100 total net megawatts in 12 states across the country.
Given current development activities, FPL Energy expects to have more than
9,000 megawatts in operation by 2003.
FPL Group, with annual revenues of more than $7 billion, is one of the
nation's largest providers of electricity-related services. FPL Group's
principal subsidiary is Florida Power & Light Company, one of the nation's
largest electric utilities, serving approximately 3.9 million customer
accounts in Florida. Additional information is available on the Internet at
http://www.fplenergy.com, http://www.fplgroup.com and http://www.fpl.com.
SOURCE FPL Energy, LLC
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Related links:
http://www.fplgroup.com
CONTACT:
Corporate Communications Media line of FPL
Energy, LLC, 305-552-3888
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