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FPL Group announces commitment to reduce emissions rate 18 percent by end of 2008
JUNO BEACH, Fla. – FPL Group today announced it will voluntarily reduce its greenhouse gas emissions rate by 18 percent by the end of 2008 under the Climate Leaders Program, an industry partnership with the Environmental Protection Agency that is a key component of the Bush Administration’s climate change policy.
Lew Hay, chairman and chief executive officer of FPL Group, said, “During the 1990s we began taking action to reduce greenhouse gas emissions, and we have achieved major reductions. As the first electric utility to join EPA’s Climate Leaders Program, we are proud to respond to President Bush’s voluntary climate change challenge and are committed to achieve this ambitious goal to further reduce our emissions while continuing to provide low-cost, reliable service to our customers.
"Our environment is fragile, and to preserve it for future generations, we must find ways to continually improve our operations. At the same time, the American economy requires reliable and affordable power, and FPL Group and others are focused on providing that in an environmentally responsible way.”
FPL Group commits to reduce its greenhouse gas emissions rate by 18 percent between 2003 and 2008 compared to a 2001 baseline. FPL Group’s principal subsidiary, Florida Power & Light serves approximately 8 million customers in Florida, and its wholesale generation subsidiary operates power plants in more than 20 states. Total electric generating capability for FPL Group today is approximately 28,000 megawatts, 55 percent of which is fueled by cleaner natural gas and renewable energy and 16 percent from nuclear.
FPL Group will achieve the 18 percent reduction through a variety of efforts, including:
Since joining Climate Leaders in 2002, FPL Group has reduced significantly emissions from two of its Florida power plants – Fort Myers and Sanford. Florida Power & Light Company, driven by increasing demand for electricity in its service territory, is the U.S. leader in modifying existing plants in a way that not only expands capacity but also improves energy efficiency and reduces emissions. In this “repowering” process, FPL converts older, oil-fired units to natural gas combustion turbines that generate electricity and then use waste heat from that process to generate more power through a traditional steam generator.
FPL leads the nation in energy management and conservation programs. Participation in the FPL programs by more than 1.5 million customers has helped reduce demand over the past two decades by nearly 4,000 megawatts, enabling FPL to avoid building 10 power plants. The company expects to introduce new or modified programs, including a green power program early next year. The program supports the generation of electricity from renewable sources such as solar, wind, biomass, landfill gas and hydro.
FPL Energy is the world’s leading producer of wind-generated electricity with more than 2,700 megawatts in operation today. It expects to complete construction or acquisition of an additional 325 megawatts of wind-powered generating assets by the end of this year and add up to 400 megawatts of wind farms in 2004.
Above and beyond the effort for the Climate Leaders program, FPL Group has many other successful environmental programs:
Two prestigious organizations have recognized FPL Group for its ability to balance environmental stewardship and financial performance:
FPL Group, with annual revenues of more than $9 billion, is nationally known as a high quality, efficient, and customer-driven organization focused on energy-related products and services. With a growing presence in 24 states, it is widely recognized as one of the country's premier power companies. Its principal subsidiary, Florida Power & Light Company, serves more than 4 million customer accounts in Florida. FPL Energy, LLC, an FPL Group energy-generating subsidiary, is a leader in producing electricity from clean and renewable fuels. Additional information is available on the Internet at www.FPLGroup.com, www.FPL.com andwww.FPLEnergy.com.