Air & Waste Management Association Amy Albury, Environmental Services Director Florida Power & Light Company October 30, 2014 • Fortune 200 & World’s Most Admired Companies eight years in a row • Headquartered in Palm Beach County, Florida • #1 producer of renewable energy from the wind and sun in North America 35 counties 9,000 employees miles of 74,000 power lines customer 4.7 million accounts Serve more than half of Florida Coal 5.2% Oil 0.1% Purchased Power 6.5% Solar 0.1% Natural Gas 66.4% Nuclear 21.7% Riviera Beach Next Generation Clean Energy Center - now open • Second of three major modernizations • 33% more fuel-efficient • 50% reduction in CO2 emissions rate • $25 million in new local tax revenue Port Everglades Next Generation Clean Energy Center - under construction • • • • • $1.2 billion investment 35% more fuel efficient 650 jobs during construction 98% of former plant recycled operational – June 2016 Photo: Demolition of Port Everglades Plant, July 16, 2013 We focus on delivering power that’s cleaner every day – while keeping our rates low and service reliable Compared with the average US utility, FPL is significantly cleaner Making foreign oil a foreign concept more than 40 MILLION barrels in 2001 down to 150,000 barrels in 2013 a reduction of 99% saving FPL customers $6.5 BILLION on fuel costs and counting Natural gas is a critical fuel for Florida’s economy • Nearly 68% of the electricity Floridians use is generated by natural gas power plants • We all love renewables – especially solar – but the reality is, the sun isn’t always shining • We all rely on power plants that can generate electricity 24-7 Despite our use of natural gas, Florida has no storage capacity and almost no natural gas production **All data 2011 except 2010 reserve; Source: www/eia/gov/naturalgas/data.cfm Leveraging clean, affordable, domestic natural gas Locking in low, stable prices at the source Outside of Florida natural gas infrastructure Expanding transportation infrastructure for diversity & reliability Investing in fuel-efficient clean energy centers Advancing Solar Energy Large-scale solar power plants Including the world’s first solar-natural gas hybrid First company to bring commercial-scale solar to Florida Advancing Solar Energy Operating large-scale solar power plants Conducting advanced research and supporting solar customers New voluntary, community-based solar partnership pilot program Proposal to offer customers the choice to support advancement of solar in Florida No bill increase for customers who don’t want to participate Opening in 2015 pending PSC approval Strengthening the grid Accelerated storm-hardening System Improvements Near You Strengthening the grid Accelerated stormhardening • Investing $460 million to harden the grid for improved resiliency and faster restoration • Incorporating lessons learned from Superstorm Sandy • Helping to ensure better than 99.98% reliability Smarter, stronger power generation and delivery Finding ways to deliver even more reliable electricity Nation’s most advanced electrical grid • 4.6 million smart meters • 11,500 intelligent devices • Innovative performance & diagnostics Ready to respond Regardless of the time of year, FPL is always on call FPL deployed more than 600 employees and contractors to help other utilities this past winter Investing $15 Billion (2010-2014) in the grid for continued affordable, reliable, clean power Questions? AT FPL, WE ARE Changing the current of thinking Changing Changing Changing the the current current the way current expectations standards Building power plants that 33% efficient We're changing Florida's Delivering Reducing energy the foreign lowest today oil electric dependency toare create bills a more in better by the98% state tomorrow for all of us