Florida Power announces short list of bidders in response to RFP for alternatives to Its Hines 3 proposal

ST. PETERSBURG, Fla., April 29, 2002 -- Florida Power announced a short list of four bidders to its 2005 request for proposals (RFP) to meet the company's requirements for additional electric generation capacity of approximately 500 MW, beginning December 1, 2005.

Three of the four bidders to make the short list have proposed to build new combined-cycle power plants comparable to the planned third unit at Florida Power's Hines Energy Complex in Polk County, Fla. The fourth bidder on the short list has proposed a sale from its system of power plants. Two of the proposed new combined-cycle plants would also be located in Polk County. Florida Power will evaluate the proposals along with the Hines unit 3 to determine the most cost-effective means of providing the added generation resource on behalf of customers.

"Meeting the current and future needs of our customers is an important part of our commitment to excellence on behalf of the millions of people who depend on Florida Power," said Bill Habermeyer, president and chief executive officer of Florida Power. "We're working to ensure that we can continue to anticipate and plan for those needs reliably and efficiently."

Assuring sufficient electric generating capability to meet the anticipated needs of our customers is part of our commitment to excellence in Florida

The bidders on the short list and the location of their proposed plants are:

* Competitive Power Ventures (Polk County)
* South Pond Energy Park (Hardee County)
* Reliant Energy Power Generation (Polk County)
* Tampa Electric's bid to sell from its generation system has made it onto the short list as well.

The company expects to announce a final list May 31.

For more information, please refer to the company's web site: www.fpc.com/rfp.

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