FPL demolishes Port Everglades Power Plant, paving way for cleaner, more efficient plant

   FPL demolishes Port Everglades Power Plant, paving way for cleaner, more
                               efficient plant

Largest demolition of its kind in Florida will lead to greater energy
independence, customer savings, cleaner air and an economic boost for local
communities

PR Newswire

HOLLYWOOD, Fla., July 16, 2013

HOLLYWOOD, Fla., July 16, 2013 /PRNewswire/ --With a rumble and a series of
controlled explosions over approximately 60 seconds, Florida Power & Light
Company today demolished its 1960s-era Port Everglades Power Plant in
Hollywood, Fla., to make way for a new, clean energy center powered by
American natural gas. The demolition of four 350-foot, candy-cane-striped
stacks and four 7,500-ton boilers – a staple of South Florida's skyline for
more than 50 years – occurred shortly after sunrise, launching a new era for
FPL customers and South Florida.

(Logo:http://photos.prnewswire.com/prnh/20120301/FL62738LOGO )

Today's power plant demolition, which is available for viewing at
www.FPL.com/port, is the largest in Florida's history and the company's third
in three years. These demolitions are the first step in replacing older, less
efficient power plants with new, more efficient facilities that will help
contribute to our country's energy independence. 

"All of this is helping us reduce our dependence on foreign oil – a 98 percent
reduction since 2001 – while saving our customers' money by using more
affordable American natural gas sources," said FPL President Eric Silagy.
"We're always looking for ways to keep the cost of electricity low for
families and businesses while doing what's right for Florida's energy future.
Today's boom may have lasted about a minute, but it will be a long-term boom
for our state, our economy, our environment and America's push for energy
independence."

Improving efficiency to keep customers' bills low
Construction of FPL's Port Everglades Next Generation Clean Energy Center will
begin in the first quarter of 2014 at the same location of the now-demolished
power plant. The new, cleaner and more efficient power plant will begin
serving customers in June 2016.

The high-efficiency facility will generate enough electricity to power about
260,000 homes and businesses using 35 percent less fuel than the original
plant. This improved fuel efficiency will result in the savings of hundreds of
millions of dollars in fuel costs – all of which will be passed along to FPL
customers, dollar for dollar. Investments in more efficient power plants are
one reason FPL's typical residential customer bill is significantly lower than
the national average and the lowest of all 55 electric utilities in Florida as
of year-end 2012.

Enhancing the environment
By leveraging state-of-the-art technology, the new energy center will cut the
carbon dioxide emissions rate in half and reduce overall air emissions by more
than 90 percent. This is the equivalent of removing 46,000 cars from I-95 per
year. With these improvements, FPL's environmental profile – already among the
best in the United States – will be even more improved.

Increasing energy independence
Building efficient power plants that utilize domestic energy sources such as
natural gas also is helping FPL reduce America's dependence on foreign oil.
Since 2001, the company has dramatically slashed its use of foreign oil from
more than 40 million barrels to less than 1 million barrels in 2012.

Rebuilding the Port Everglades Power Plant is the next step in the company's
ongoing push toward greater energy independence. FPL's natural-gas-powered
Cape Canaveral Next Generation Clean Energy Center began serving customers in
April with another clean energy center slated to come online in Riviera Beach
next year. Together, these three plants will save customers an additional $1
billion in fuel charges, helping to keep bills low in the future.

Powering the community and the economy
Beyond the benefits of cleaner air, more efficient electricity and low
electric bills, FPL's investment will boost the local economy, creating jobs
and injecting millions of dollars in new tax revenue.

The project will create an estimated 650 direct jobs and 1,000 indirect jobs
during the height of construction, and support many local businesses. In the
first full year of operation, this investment is expected to deliver
approximately $20 million in new tax revenue to local governments, such as the
City of Hollywood and Broward County, and schools such as Broward County
Public Schools.

"This new tax revenue will help our students, our public safety services and
our communities," said Patty Asseff, City of Hollywood commissioner and chair
of the South Florida Clean Cities Coalition. "We're looking forward to the job
creation we'll see during construction as well as a cleaner energy center
powered by American natural gas."

Piece of South Florida history
The former Port Everglades Power Plant, located just miles from the Fort
Lauderdale-Hollywood International Airport in the heart of a busy shipping and
cruise port, helped power decades of growth in South Florida since it first
came online in 1960. In that time, the surrounding Broward County community
has grown in size from about 334,000 to nearly 1.8 million people. Home sizes
have increased, and the average number of electric appliances and gadgets in
every home has grown. The Port Everglades Power Plant has met the electric
demand, while employing hundreds through its lifetime.

"For those of us who worked there, Port Everglades was more than just a power
plant," said Tony Rodriguez, former plant supervisor at Port Everglades and
FPL's current executive vice president of Power Generation. "We went to work
each day knowing we were helping to power growing communities and businesses
throughout the region. Through FPL's new energy center, we will be
well-positioned to provide more efficient, American-made clean energy, meeting
the needs of Florida's future generations."

Demolition facts

  oOver the course of approximately 60 seconds, eight separate series of
    explosions toppled each of the four 350-foot stacks and their companion
    7,500-ton boilers.
  oUsing approximately 450 pounds of explosives, demolition experts inserted
    dynamite charges in pre-drilled holes at the base of each stack and used
    explosive charges to blast through the boilers' steel.
  oDetonated from a command post 1,500 feet away, the sequence of blasts was
    intended to prevent more than one structure from hitting the ground at one
    time.
  oA large crowd of FPL retirees and current employees, local business
    owners, and elected officials gathered near the plant to watch the
    early-morning demolition.

To view the demolition video or learn more about FPL's plans for the clean
energy center at Port Everglades, visit www.FPL.com/port or follow us on
www.twitter.com/insideFPL and www.facebook.com/FPLconnect using hashtag
#FPLport.

NOTE TO EDITORS: For compelling, multi-angle b-roll and images of the
demolition, please click here: https://fpl.sharefile.com/d/ba122cb8d1bb4b2e.


Florida Power & Light Company
Florida Power & Light Company is the largest rate-regulated electric utility
in Florida and serves the third-largest number of customers of any electric
utility in the United States. FPL serves approximately 4.6 million customer
accounts and is a leading Florida employer with approximately 10,000 employees
as of year-end 2012. During the five-year period ended December 31, 2012, the
company delivered the best service reliability among Florida investor-owned
utilities. As of year-end 2012, its typical residential customer bills are the
lowest in Florida, and based on data available in July 2012, are about 26
percent below the national average. A clean energy leader, FPL has one of the
lowest emissions profiles and one of the leading energy efficiency programs
among utilities nationwide. FPL is a subsidiary of Juno Beach, Fla.-based
NextEra Energy, Inc. (NYSE: NEE). For more information, visit www.FPL.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 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 over-the-counter (OTC) financial
derivatives and to apply such regulation to NextEra Energy and FPL; capital
expenditures, increased operating costs and various liabilities attributable
to environmental laws, regulations and other standards 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 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, 2012 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 Florida Power & Light Company

Website: http://www.fpl.com
Contact: Florida Power & Light Company, Media Line: (561) 694-4442
 
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