Fact sheet on proposed coal plant received by BBCAT, 2005 June 3

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Fact Sheet: North Florida Power Project (NFPP)

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WHAT A group of consumer-owned electric utilities in Florida are interested in developing a coal-fired power plant in north Florida and have identified a preferred site near Perry, Fla., in Taylor County.
WHO

Utility Service Area:

JEA Retail supplier in Jacksonville, Fla., and parts of three adjacent counties
Florida Municipal Power Agency

          Wholesale supplier to 15 city-owned electric utilities throughout Fla.
Reedy Creek Improvement District

          Retail supplier in parts of Orange and Osceola counties
Tallahassee (potential participant) Retail supplier in Tallahassee, Fla.

JEA will have the lead role in project development.

   
WHERE Location to be determined
   
WHEN 2005 – Design and permitting begins
2007 – Construction begins
2012 – Operation begins
   
WHY
  • The growth rate in Florida has been strong for years and is expected to continue.
  • Virtually all of the new generation built in recent years is fueled by natural gas.
  • While natural gas-fired generation has advantages, there are concerns, such as the volatile price of natural gas and the risk of too much generation from one fuel type.
  • It is prudent for electric utilities to have diversified fuel sources, just as it is prudent for people to have diversified investment portfolios.
  • A diversified fuel mix provides stable electric prices for consumers and a secure electricity supply that protects against fuel supply disruptions.
   
HOW
  • The utilities are committed to developing a plant that is among the cleanest of its kind in the country. One-third of the plant’s cost will be environmental controls.
  • The utilities plan an open and ongoing dialogue with the community.
  • The permitting process will take nearly two years and involve public hearings.
   
OTHER FACTS Plant: One unit capable of generating 800 Megawatts
Estimated Investment: $1.4 billion
Employment: 1,500 potential construction jobs, 150 potential full-time jobs
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