Investments are part of the company's three-year, nearly half-billion dollar plan to enhance electric system reliability and resiliency in the face of hurricanes and other severe weather
Juno Beach, FL /PRNewswire/ - Florida Power & Light Company (FPL) today announced that it is investing in major upgrades to nearly 100 main power lines and other infrastructure during 2014 to further strengthen its electric grid against severe weather, help communities recover more quickly following major storms and improve everyday reliability for its customers.
The 2014 investment plan, which is FPL's most ambitious electric system strengthening initiative to date, is part of the company's three-year (2013 - 2015) program to invest more than $428 million in upgrading the electric grid to better withstand major storms.
"This record investment is part of FPL's ongoing commitment to improve the strength and reliability of the electric grid for the benefit of our customers," said Eric Silagy, president of FPL. "FPL is constantly working to build upon the company's more than 99.98 percent electric service reliability that it delivers to its customers, while maintaining the lowest residential bill in Florida. A stronger electric system means there will be less damage during severe weather, faster service restoration following major storms and improved reliability in all weather conditions."
This year's more than $170 million investment is focused on upgrades to power lines and equipment serving essential community facilities - including hospitals, police and fire stations, 911 centers, water treatment plants, grocery stores, pharmacies and gas stations - that are crucial to people and businesses as they recover from damaging storms. The work encompasses more than 450 miles of power lines, about the distance from Miami to Tallahassee.
FPL's 2014 program includes extensive enhancements to both its power distribution and transmission networks:
Strengthening a record number (98) of the company's main power distribution lines.
Upgrading FPL's power transmission system.
These upgrades are in addition to FPL's extensive, year-round storm preparedness program and other reliability initiatives, such as clearing vegetation from power lines, inspecting electrical equipment using advanced infrared technology, and inspecting and replacing end-of-life utility poles.
To learn more about FPL's three-year storm-strengthening program, please see the news release issued on May 2, 2013.
Florida Power & Light Company
Florida Power & Light Company is the largest rate-regulated electric utility in Florida and serves the third-largest number of customers of any electric utility in the United States. FPL serves approximately 4.6 million customer accounts and is a leading Florida employer with approximately 10,000 employees as of year-end 2012. During the five-year period ended December 31, 2012, the company delivered the best service reliability among Florida investor-owned utilities. As of year-end 2012, its typical residential customer bills are the lowest in Florida, and based on data available in July 2012, are about 26 percent below the national average. A clean energy leader, FPL has one of the lowest emissions profiles and one of the leading energy efficiency programs among utilities nationwide. FPL is a subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit www.FPL.com
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