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February 10, 2016 6:02 PM ET

Electric Utilities

Company Overview of Duke Energy Florida, Inc.

Company Overview

Duke Energy Florida, Inc., a regulated public utility, primarily engages in the generation, transmission, distribution, and sale of electricity in Florida. The company operates coal and gas/propane electric generation stations. It supplies electric service to approximately 1.7 million residential, commercial, and industrial customers. The company was formerly known as Florida Power Corporation and changed its name to Duke Energy Florida, Inc. in April 2013. Duke Energy Florida, Inc. was founded in 1899 and is headquartered in St. Petersburg, Florida. Duke Energy Florida, Inc. is a subsidiary of Duke Energy Corporation.

299 First Avenue North

St. Petersburg, FL 33701

United States

Founded in 1899

Phone:

704-382-3853

Key Executives for Duke Energy Florida, Inc.

Chief Executive Officer and Director
Age: 55
President
Age: 50
Chief Financial Officer and Executive Vice President
Age: 56
Chief Accounting Officer, Vice President and Controller
Age: 40
Vice President of South Coastal Region
Age: 57
Compensation as of Fiscal Year 2015.

Duke Energy Florida, Inc. Key Developments

Duke Energy Florida Plans to Construct a New Solar Facility in Perry, Fla

Duke Energy Florida announced plans to construct a new solar facility in Perry, Fla. This will be the second such project in the company's plan to advance the development of solar energy in the Sunshine State. Developed, owned and operated by Duke Energy Florida, the 5-megawatt solar facility will be constructed on 20 acres of utility-owned land using approximately 22,000 solar panels, roughly the size of 17 football fields. The Perry Solar Facility is one of many steps Duke Energy Florida is taking to provide customers greater access to renewable energy. It is the second solar facility in a strategic, long-range plan to install 35 megawatts of solar by 2018 and up to 500 megawatts of solar power in the state by 2024. The first solar facility, a 3.8-MW project announced on Sept. 30, will be located in Osceola County. The 5-megawatt Perry Solar Facility will be built on land that the company acquired adjacent to the Duke Energy Perry substation, across the street from the Taylor County Elementary School. The facility will connect directly to the distribution system near the existing 230-kV substation without additional easements or extensive line construction.

Duke Energy Florida Announces New 3.8-Megawatt Solar Facility in Osceola County

Duke Energy Florida continues to advance the development of solar energy with the announcement of a new 3.8-megawatt solar facility in Osceola County. The company has filed a storm water and environmental resources permit with the Florida Department of Environmental Protection. DEF will file a land development permit with the Osceola County Planning Department. The agencies' review of the permits may require up to eight weeks. The Osceola project is the first in a strategic, long-range plan to install 35 megawatts of solar by 2018 and up to 500 megawatts of solar power in the state by 2024, ensuring residents have increasingly clean and reliable energy. Construction of the Osceola Solar Facility will begin once permits are approved. The facility is expected to be on line in early 2016. The Osceola facility will be built on 17 acres of a larger 25-acre parcel owned by DEF on Canoe Creek Road in Kenansville. The larger parcel includes the Canoe Creek transmission substation, owned and operated by DEF. The existing 230-kV substation will allow the new solar facility to be connected to the grid without additional easements or extensive line construction. The company's new solar facilities will complement a new combined-cycle natural gas plant to be built in Citrus County, an upgrade of a combined-cycle energy complex in Polk County and the purchase of the Osprey Energy Center, also in Polk County. These projects will allow the company to meet a significant need for additional energy for its customers beginning in 2018 and to retire half of its Florida coal-fired fleet by that same year.

Duke Energy Florida Names David Townsend as Vice President of Community Relations and Economic Development in Florida, Effective July 13, 2015

Duke Energy Florida has named David Townsend vice president of Community Relations and Economic Development in Florida, effective July 13, 2015. Townsend will be responsible for building relationships with external stakeholders in local communities served by Duke Energy as well as ensuring the continued economic development and growth of communities within Duke Energy's service territory. Townsend most recently led a Tampa-based consulting firm providing specialized communications services to select industrial, real estate development and public policy clients. Prior to launching his consulting practice, he served as assistant vice president of Public Affairs in Florida for The Mosaic Company. During his nine-year tenure with Mosaic, he led the company's community relations, advertising and public relations. Programs he initiated and led helped transform the reputation of the Florida phosphate industry and establish the Mosaic brand.

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