FPL Energy Is Adding 2,324MW to Texas Grid

---

Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). FPL Energy, a Private Energy Producer (PEP) and wholly-owned subsidiary of FPL Group (NYSE: FPL) (Juno Beach, Florida) is in the process of adding two natural gas-fired merchant power plants to the Texas grid.

The first generating station called Bastrop Energy Center will produce 535 mega-watts (MW) when completed in May 2002 and is a joint venture with El Paso Energy, a subsidiary of El Paso Corporation (NYSE: EP) (Houston, Texas). The second generating station called Forney Energy Center, is due to come on line in June 2003 and is owned 95% by FPL Energy and 5% by Cobisa Corporation a privately held PEP company.

In Texas, FPL Energy currently has over 230MW of wind power and is a partner in another 1,000MW natural gas fired facility. When construction is complete for these new plants, FPL Energy will have interests in over 3,500MW of operating capacity in Texas.

FPL Energy was created in 1998 and operates over 70 sites in 12 states for over 4,400MW. With another 5,600MW in development, the company is expected to reach 10,000MW by the end of 2003.