Florida Power & Light Continues Generation Turnover with Plans for Another Billion-Dollar, Gas-Fired Power Plant

SUGAR LAND--August 18, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Florida Power & Light Company (FPL) (Juno Beach, Florida), the utility subsidiary of NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida), wants to continue turning over its power-generating fleet by building a 1,622-megawatt (MW) natural gas generator in Okeechobee County, Florida. The proposed project, with total investment value (TIV) of about $1.2 billion, follows the recent completion of two large, gas-fired generators; the closure of two large, oil-fired generators; construction of utility-scale solar generation projects; and plans to buy and close a coal-fired power plant, company officials said.

Within this article: Details on FPL's plans for the Okeechobee Clean Energy Center, including needed approvals and components.

Additional companies: The Carlyle Group (NASDAQ:CG)