The Florida Public Service Commission (PSC) today approved two renewable energy contracts for Progress Energy Florida (PEF). The biomass projects will help diversify PEF’s generating fuel mix and insulate customers from fluctuations in fossil fuel costs.
Florida Biomass Energy, LLC (FB Energy) will burn waste wood and specially grown vegetation to generate up to 60 megawatts (MW) of electricity in Manatee County, Florida. The new 20-year contract between FB Energy and PEF, effective in January 2013, is projected to save utility customers more than $34 million.
Vision/FL, LLC (Vision) will use sweet sorghum bagasse, a biomass fuel, as its primary renewable fuel to generate up to 40 MW of electricity. The PSC approved modifications to the 25-year agreement between PEF and Vision, effective in January 2011, that should save utility customers more than $28 million.
The PSC is committed to making sure that Florida's consumers receive their electric, natural gas, telephone, water, and wastewater services in a safe, affordable, and reliable manner. The PSC exercises regulatory authority over utilities in the areas of rate base/economic regulation; competitive market oversight; and monitoring of safety, reliability, and service.
For additional information, visit www.floridapsc.com.