Florida Governor and Cabinet Approve FPL Turkey Point Plant Expansion

    Business Editors

    JUNO BEACH, Fla.--(BUSINESS WIRE)--Feb. 1, 2005--Florida Power & Light Company announced today that the governor and Cabinet approved the company's Turkey Point power plant expansion proposal for southern Miami-Dade County. Construction will begin this spring on the new unit, which is due to be operational in 2007.
    "We are very pleased with the governor and Cabinet's decision as well as with the thorough reviews and support given the project by numerous federal, state and local agencies, including the Florida Department of Environmental Protection, the South Florida Water Management District, the Florida Public Service Commission, Miami-Dade County, the National Park Service, the Army Corps of Engineers and others," said FPL President Armando Olivera.
    "The plant helps FPL keep up with customer growth, and its proximity to large population centers in Miami-Dade enhances the reliability of the electric grid," Olivera said.
    FPL's Turkey Point expansion will add a $600-million natural gas-fired combined-cycle generating unit to its existing 11,000-acre Turkey Point plant site near Florida City. The 1,150-megawatt plant will provide enough power to serve the equivalent of 230,000 homes and businesses beginning in 2007.
    Florida Power & Light Company is the principal subsidiary of FPL Group, Inc. (NYSE:FPL), nationally known as a high quality, efficient and customer-driven organization focused on energy-related products and services. With annual revenues of more than $10 billion and a growing presence in 26 states, FPL Group is widely recognized as one of the country's premier power companies. Florida Power & Light Company serves more than 4.2 million customer accounts in Florida. FPL Energy, LLC, FPL Group's wholesale electricity generating subsidiary, is a leader in producing electricity from clean and renewable fuels. Additional information is available on the Internet at http://www.FPL.com, http://www.FPLGroup.com and http://www.FPLEnergy.com.

    Note to Editors: High-resolution logos and executive head shots are available for download at http://www.fpl.com/news/contents/logos.shtml.

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CONTACT: Florida Power & Light Company, Miami Corporate Communications Dept. Media Line: Kathy Scott, 305-552-3888

KEYWORD: FLORIDA INDUSTRY KEYWORD: GOVERNMENT ENERGY UTILITIES SOURCE: Florida Power & Light Company

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