Xcel Energy joins NextEra Energy Resources for ribbon-cutting ceremony at Limon wind farms

  Xcel Energy joins NextEra Energy Resources for ribbon-cutting ceremony at
                               Limon wind farms

PR Newswire

LIMON, Colo., Oct. 29, 2012

LIMON, Colo., Oct. 29, 2012 /PRNewswire/ -- Ranchers, federal, state and local
officials, along with energy industry leaders, gathered today for the
ribbon-cutting ceremony for NextEra Energy Resources' Limon I and II Wind
Energy Centers.

(Logo: http://photos.prnewswire.com/prnh/20110421/FL87524LOGO )

NextEra Energy Resources, the nation's largest generator of wind power, hosted
the event and was joined by Xcel Energy and about 150 guests.

The 400-megawatt (MW) facility, located about 90 miles southeast of Denver, is
comprised of twin 200-MW projects that are spread across more than 55,000
acres in Arapahoe, Elbert and Lincoln counties. The projects are owned and
will be operated by affiliates of NextEra Energy Resources. All of the power
from both projects is being sold to Xcel Energy under long-term contracts.

"Wind energy harnessed in Colorado and across the country has to be part of
any true 'all of the above' strategy that moves us closer to energy
independence," said U.S. Rep. Cory Gardner. "That is why we should extend the
production tax credit to promote wind energy that leads to private sector
investment like this one, new manufacturing jobs and a clean source of
domestic energy. I'm proud to be part of the effort to continue Colorado's
rapid expansion into energy production and clean energy technology."

Colorado Gov. John Hickenlooper said, "Wind continues to deliver
cost-competitive energy. The Limon wind projects will provide clean,
affordable energy to the Front Range while helping to build strong, vibrant
rural communities. From providing power to food, the Eastern Plains are
helping to grow a stronger Colorado economy."

Each Limon project consists of 125 GE 1.6-MW wind turbines. In addition to the
wind farms, an approximately 45-mile-long, 345-kilovolt transmission line was
built to interconnect the wind farms to the Missile Site substation in
Arapahoe County.

"These projects will bring the amount of wind on our Colorado system to 2,200
megawatts. They offer some of the lowest-priced wind energy we've seen. And
they demonstrate that renewable energy can compete on an economic basis with
more traditional forms of generation fuel," said David Eves, president and CEO
of Public Service Co. of Colorado, an Xcel Energy company. "They also help us
meet the state's Renewable Energy Standard at a very reasonable cost to our
customers."

The Limon I and II projects are NextEra Energy Resources' fourth and fifth
wind projects in Colorado, bringing its combined installed capacity to
approximately 975 MW, or enough power for more than 450,000 average homes.
Xcel Energy, through its subsidiary, Public Service Company of Colorado,
purchases all of the output from NextEra Energy Resources' wind facilities in
Colorado.

"Xcel Energy is a valued customer, and we appreciate their commitment to wind
energy," said Armando Pimentel, president and CEO of NextEra Energy
Resources. "In addition to generating clean, emission-free energy, these two
projects will have a positive impact on the local economy for years to come.
With continued public policy support for wind energy generation, we look
forward to bringing the economic and environmental benefits of wind energy to
other communities across the state and nation."

At the peak of construction, the two projects directly employed more than 300
workers. During the initial 25 years of operation, NextEra Energy Resources
estimates the two projects will generate approximately $130 million in the
form of state and local tax payments and landowner royalties.

The Limon I and II Wind Energy Centers are part of the approximately 1,500 MW
of U.S. wind projects that NextEra Energy Resources expects to bring into
service by the end of 2012. This will be the biggest wind program ever
completed in this country in a single year and will push NextEra Energy
Resources' total wind portfolio over the 10,000 MW mark.

About NextEra Energy Resources
NextEra Energy Resources, LLC (together with affiliated entities, "NextEra
Energy Resources"), is a clean energy leader and is one of the largest
competitive energy suppliers in North America, operating in 22 states and
Canada as of year-end 2011. NextEra Energy Resources is the largest generator
in the United States of renewable energy from the wind and sun, owning and
operating approximately 8,569 megawatts of wind and 158 megawatts of solar
power generation at the end of 2011. The business operates clean,
emissions-free nuclear power generation facilities in New Hampshire, Iowa and
Wisconsin as part of the NextEra Energy nuclear fleet, which has the third
largest number of commercial nuclear power units in the United States. NextEra
Energy Resources is a subsidiary of Juno Beach, Fla.-based NextEra Energy,
Inc. (NYSE: NEE). For more information, visit www.NextEraEnergyResources.com.

About Xcel Energy
Xcel Energy (NYSE: XEL) is a major U.S. electricity and natural gas company
with regulated operations in eight Western and Midwestern states. Xcel Energy
provides a comprehensive portfolio of energy-related products and services to
3.4 million electricity customers and 1.9 million natural gas customers
through its regulated operating companies. Company headquarters are located in
Minneapolis. More information is available at www.xcelenergy.com.

Cautionary Statements and Risk Factors That May Affect Future Results

This press release contains "forward-looking statements" within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are not statements of historical facts, but
instead represent the current expectations of NextEra Energy, Inc. (NextEra
Energy) and Florida Power & Light Company (FPL) regarding future operating
results and other future events, many of which, by their nature, are
inherently uncertain and outside of NextEra Energy's and FPL's control. In
some cases, you can identify the forward-looking statements by words or
phrases such as "will," "will likely result," "expect," "anticipate,"
"believe," "intend," "plan," "seek," "aim," "potential," "projection,"
"forecast," "predict," "goals," "target," "outlook," "should," "would" or
similar words or expressions. You should not place undue reliance on these
forward-looking statements, which are not a guarantee of future performance.
The future results of NextEra Energy and FPL are subject to risks and
uncertainties that could cause their actual results to differ materially from
those expressed or implied in the forward-looking statements. These risks and
uncertainties include, but are not limited to, the following: effects of
extensive regulation of NextEra Energy's and FPL's business operations;
inability of NextEra Energy and FPL to recover in a timely manner any
significant amount of costs, a return on certain assets or an appropriate
return on capital through base rates, cost recovery clauses, other regulatory
mechanisms or otherwise; impact of political, regulatory and economic factors
on regulatory decisions important to NextEra Energy and FPL; risks of
disallowance of cost recovery by FPL based on a finding of imprudent use of
derivative instruments; effect of any reductions to or elimination of
governmental incentives that support renewable energy projects of NextEra
Energy Resources, LLC and its affiliated entities (NextEra Energy Resources);
impact of new or revised laws, regulations or interpretations or other
regulatory initiatives on NextEra Energy and FPL; effect on NextEra Energy and
FPL of potential regulatory action to broaden the scope of regulation of OTC
financial derivatives and to apply such regulation to NextEra Energy and FPL;
capital expenditures, increased cost of operations and exposure to liabilities
attributable to environmental laws and regulations applicable to NextEra
Energy and FPL; effects on NextEra Energy and FPL of federal or state laws or
regulations mandating new or additional limits on the production of greenhouse
gas emissions; exposure of NextEra Energy and FPL to significant and
increasing compliance costs and substantial monetary penalties and other
sanctions as a result of extensive federal regulation of their operations;
effect on NextEra Energy and FPL of changes in tax laws and in judgments and
estimates used to determine tax-related asset and liability amounts; impact on
NextEra Energy and FPL of adverse results of litigation; effect on NextEra
Energy and FPL of failure to proceed with projects under development or
inability to complete the construction of (or capital improvements to)
electric generation, transmission and distribution facilities, gas
infrastructure facilities or other facilities on schedule or within budget;
impact on development and operating activities of NextEra Energy and FPL
resulting from risks related to project siting, financing, construction,
permitting, governmental approvals and the negotiation of project development
agreements; risks involved in the operation and maintenance of electric
generation, transmission and distribution facilities, gas infrastructure
facilities and other facilities; effect on NextEra Energy and FPL of a lack of
growth or slower growth in the number of customers or in customer usage;
impact on NextEra Energy and FPL of severe weather and other weather
conditions; risks associated with threats of terrorism and catastrophic events
that could result from terrorism, cyber attacks or other attempts to disrupt
NextEra Energy's and FPL's business or the businesses of third parties; risk
of lack of availability of adequate insurance coverage for protection of
NextEra Energy and FPL against significant losses; risk to NextEra Energy
Resources of increased operating costs resulting from unfavorable supply costs
necessary to provide NextEra Energy Resources' full energy and capacity
requirement services; inability or failure by NextEra Energy Resources to
hedge effectively its assets or positions against changes in commodity prices,
volumes, interest rates, counterparty credit risk or other risk measures;
potential volatility of NextEra Energy's results of operations caused by sales
of power on the spot market or on a short-term contractual basis; effect of
reductions in the liquidity of energy markets on NextEra Energy's ability to
manage operational risks; effectiveness of NextEra Energy's and FPL's hedging
and trading procedures and associated risk management tools to protect against
significant losses; impact of unavailability or disruption of power
transmission or commodity transportation facilities on sale and delivery of
power or natural gas by FPL and NextEra Energy Resources; exposure of NextEra
Energy and FPL to credit and performance risk from customers, hedging
counterparties and vendors; risks to NextEra Energy and FPL of failure of
counterparties to perform under derivative contracts or of requirement for
NextEra Energy and FPL to post margin cash collateral under derivative
contracts; failure or breach of NextEra Energy's and FPL's information
technology systems; risks to NextEra Energy and FPL's retail businesses of
compromise of sensitive customer data; risks to NextEra Energy and FPL of
volatility in the market values of derivative instruments and limited
liquidity in OTC markets; impact of negative publicity; inability of NextEra
Energy and FPL to maintain, negotiate or renegotiate acceptable franchise
agreements with municipalities and counties in Florida; increasing costs of
health care plans; lack of a qualified workforce or the loss or retirement of
key employees; occurrence of work strikes or stoppages and increasing
personnel costs; NextEra Energy's ability to successfully identify, complete
and integrate acquisitions; environmental, health and financial risks
associated with NextEra Energy's and FPL's ownership of nuclear generation
facilities; liability of NextEra Energy and FPL for significant retrospective
assessments and/or retrospective insurance premiums in the event of an
incident at certain nuclear generation facilities; increased operating and
capital expenditures at nuclear generation facilities of NextEra Energy or FPL
resulting from orders or new regulations of the Nuclear Regulatory Commission;
inability to operate any of NextEra Energy Resources' or FPL's owned nuclear
generation units through the end of their respective operating licenses;
liability of NextEra Energy and FPL for increased nuclear licensing or
compliance costs resulting from hazards posed to their owned nuclear
generation facilities; risks associated with outages of NextEra Energy's and
FPL's owned nuclear units; effect of disruptions, uncertainty or volatility in
the credit and capital markets on NextEra Energy's and FPL's ability to fund
their liquidity and capital needs and meet their growth objectives; inability
of NextEra Energy, FPL and NextEra Energy Capital Holdings, Inc. to maintain
their current credit ratings; risk of impairment of NextEra Energy's and FPL's
liquidity from inability of creditors to fund their credit commitments or to
maintain their current credit ratings; poor market performance and other
economic factors that could affect NextEra Energy's and FPL's defined benefit
pension plan's funded status; poor market performance and other risks to the
asset values of NextEra Energy's and FPL's nuclear decommissioning funds;
changes in market value and other risks to certain of NextEra Energy's
investments; effect of inability of NextEra Energy subsidiaries to upstream
dividends or repay funds to NextEra Energy or of NextEra Energy's performance
under guarantees of subsidiary obligations on NextEra Energy's ability to meet
its financial obligations and to pay dividends on its common stock; and effect
of disruptions, uncertainty or volatility in the credit and capital markets of
the market price of NextEra Energy's common stock. NextEra Energy and FPL
discuss these and other risks and uncertainties in their annual report on Form
10-K for the year ended December 31, 2011 and other SEC filings, and this
press release should be read in conjunction with such SEC filings made through
the date of this press release. The forward-looking statements made in this
press release are made only as of the date of this press release and NextEra
Energy and FPL undertake no obligation to update any forward-looking
statements.

SOURCE NextEra Energy Resources, LLC

Website: http://www.NextEraEnergyResources.com
Contact: NextEra Energy Resources, LLC, Media Line: 888-867-3050; Mark Stutz,
Senior Media Representative, Xcel Energy (Colorado), +1-303-294-2300
 
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