FPL Energy closes on acquisition of 106 MW of wind assets in California

JUNO BEACH, Fla., Dec. 19, 2003 -- FPL Energy, LLC, said that it completed its acquisition of California wind power generation projects from Enron. The company acquired 106 megawatts (MW) of wind assets for $82 million.

Certain FPL Energy indirect subsidiaries purchased 100 percent of the assets of the 40-MW Cabazon and the 16.5-MW Green Power projects near Palm Springs. In addition, the company purchased Enron's 50 percent ownership interest in both the 77-MW Sky River and the 22-MW Victory Garden Phase IV projects. FPL Energy already owned 50 percent of both Sky River and Victory Garden Phase IV projects.

"We are pleased to complete this transaction and add these projects to our industry-leading portfolio," said Jim Robo, president of FPL Energy.

With the exception of the Green Power project, all of these projects sell 100 percent of their output to Southern California Edison under long-term contracts.

FPL Energy is a leading wholesale generator of clean energy, including natural gas, wind, solar, hydroelectric and nuclear. It is the nation's leader in wind energy with 37 wind facilities in operation in 14 states. FPL Energy has a generating portfolio of more than 10,000 net megawatts in operation with more than 2,500 megawatts coming from clean and renewable wind energy. It is a subsidiary of FPL Group, one of the nation's largest providers of electricity-related services with annual revenues of more than $9 billion. FPL Group's principal subsidiary is Florida Power & Light Company, one of the nation's largest electric utilities, serving more than 4 million customer accounts in Florida. Additional information is available on the Internet at http://www.FPLEnergy.com, http://www.FPLGroup.com and http://www.FPL.com.


Sponsored by FLSmidth

Related Articles

Brazil Eletrobras Eletronuclear Angra 3 nuclear power plant Areva contract services euros

Areva awarded $89mn contract for nuclear reactor work in Brazil

Areva was awarded a 75 million euros ($89.6 million) contract for the 1,405-MW Angra 3 nuclear power project in Brazil.

KCP&L requests rate increase from Kansas Corporation Commission

Kansas City Power & Light (KCP&L), a subsidiary of Great Plains Energy Incorporated, filed a rate increase request with the Kansas Corporation Commission (KCC) on Friday.  The increase in service rates for the company’s Kansas service area would result in a revenue increase totaling $67.3 million, amounting to a 12.5 percent increase for the company. The price bump would add an additional $11.67 per month to the typical residential customer’s bill.

Follow Power Engineering on Twitter
Latest News

Dominion Virginia Power shelves plans for offshore wind project

Dominion Virginia Power, a subsidiary of Dominion (NYSE: D), put plans to build an offshore w...

Coal ash recycling company successfully repurposes pond ash

The SEFA Group Inc. recently opened a stand-alone Staged Turbulent Air Reactor (STAR) facilit...

Hawaii energy park, Sandia National Laboratories to test energy storage

The Natural Energy Laboratory of Hawaii Authority (NELHA) has secured a deal with New Mexico-...

E.ON, GE wind farm reaches operation in Texas

E.ON and GE's (NYSE: GE) Energy Financial Services celebrated the opening of the Grandview Wi...

Feds move to speed approval for Great Plains wind projects

Federal officials are moving to speed up their review of wind power projects across the Upper...

Sempra U.S. Gas & Power acquires Minnesota wind project

Sempra U.S. Gas & Power has acquired the 78-MW Black Oak Getty wind project — in Stearns ...

Mississippi Power to build largest utility-scale solar projects in the state

Mississippi Power, a subsidiary of Southern Company (NYSE: SO), is partnering with two solar ...

Another measure to block advance of NC renewables law falls

North Carolina electric companies must keep planning to generate more power through alternati...

Power Engineering Current Issue

12/01/2014
Volume 118, Issue 12
1412pe-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Categories

Buyers Guide Product Listings

Sargent & Lundy Construction Management Services

Providing complete construction management and ...

Mechanical Services

Expert mechanical services range from boiler ma...
Power Industry Wire News

Rockdale Resources Enters Into Letter of Intent to Acquire Working Interest in a Historical Oklahoma Oil Field

Rockdale Resources Enters Into Letter of Intent to Acquire Working Interest in a Histor...

Scorpio Tankers Inc. Announces Newbuilding Vessel Deliveries and Reminder for Upcoming Conference Call

Scorpio Tankers Inc. Announces Newbuilding Vessel Deliveries and Reminder for Upcoming ...

Falcon Crest Energy Searching for Opportunities Outside Oil and Gas Sector

Falcon Crest Energy Searching for Opportunities Outside Oil and Gas Sector

West Texas Resources, Inc. Announces Appointment of Paul Brogan to Board of Directors

West Texas Resources, Inc. Announces Appointment of Paul Brogan to Board of Directors

Younicos Commends U.S. Department of Energy Call for Energy Storage to Be Part of National Electricity Grid Infrastructure Improvements

Younicos Commends U.S. Department of Energy Call for Energy Storage to Be Part of Natio...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>