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FPL releases 10-year plan for meeting energy needs

Juno Beach, FL, April 2, 2008 -- Florida Power & Light Co. (FPL) filed its 10-year plan for meeting the state's energy needs with the Florida Public Service Commission, outlining a strategy that combines additions in generating capacity with demand-side management programs that the company said will avoid the need to build four medium-sized power plants.

FPL projects it will need an additional 5,600 megawatts of power, or an increase of about 25 percent, to meet rising demand through 2017. FPL expects its customer base to grow to 5.3 million by 2017 (from 4.5 million), coupled with a 16 percent increase in energy use per residential customer.

Highlights of FPL's "Ten Year Power Plant Site Plan, 2008-2017" include:

* Upgrades to FPL's existing nuclear plants at Turkey Point and St. Lucie;
* A proposed expansion of renewable energy from a variety of sources;
* Construction of a natural gas unit at the company's West County Energy Center in Palm Beach County; and
* Potential repowerings and additional natural gas-fired generation.

In addition, FPL's demand-side management (DSM) programs are expected to avoid the need for 1,850 megawatts of generation, or four medium-sized natural gas plants. To date, the company said their DSM efforts have avoided the need to build 12 power plants.

Currently, FPL obtains 52 percent of its energy from natural gas, 19 percent from nuclear, 15 percent from purchased power (including 2 percent renewable), 8 percent from oil and 6 percent from coal.

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