The Florida Public Service Commission (PSC) today approved a settlement agreement--filed by Florida Power & Light Company (FPL) and the Office of Public Counsel, which represents consumers--resolving all issues in FPL’s petition to shut down the St. Johns River Power Park (SJRPP).
Today’s decision will allow FPL to retire the plant early next year, as opposed to its original planned retirement in 2052. Closing the plant more than three decades early provides environmental benefits by maximizing emission reductions and is expected to save FPL customers an estimated $183 million dollars.
SJRPP is a coal-fired power plant jointly owned by FPL and JEA, the municipally-owned electric provider for the City of Jacksonville. FPL said the approximately 1,300-megawatt plant had served customers of the two utilities for many years, but it was no longer economical to operate. This is the third coal power plant FPL is phasing out in two years.
With today’s Commission decision on the settlement agreement, the remainder of the hearing was cancelled.
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