Category Archives: Energy

NEXTERA ENERGY CANADA, ULC LOGOTORONTO, Dec. 21, 2012 /Coal Geology/ – NextEra Energy Canada, ULC, today announced that its affiliate Conestogo Wind, LP, has completed construction and brought into service its 22.9 megawatt (MW) Conestogo Wind Energy Centre.

The project, located in Wellington County, Ontario, is comprised of 10 Siemens wind turbines and is capable of generating enough power for approximately 5,700 homes in an average year. All of the power from the project is being sold to the Ontario Power Authority under the Feed-In-Tariff program. Conestogo Wind, LP, an indirect subsidiary of NextEra Energy Canada, owns and operates the project.

“We are pleased to have completed our first wind project in Ontario,” said Mike O’Sullivan, NextEra Energy Resources senior vice president of development. “In addition to generating clean, emission-free energy, this project will have a positive impact on the local economy through the jobs created, taxes paid, lease payments to landowners, and goods and services sourced throughout the region.”

The Conestogo Wind Energy Centre is the first of eight wind projects NextEra Energy Canada plans to bring into service by the end of 2015 in Ontario. Combined, NextEra Energy Canada’s eight Ontario wind projects represent a capital investment in the province of approximately $1.5 billion.

In addition to the Conestogo Wind Energy Centre, affiliates of NextEra Energy Canada own and operate the 20-MW Moore Solar Project and the 20-MW Sombra Solar Project both located in Lambton County,Ontario. Outside of Ontario, affiliates of NextEra Energy Canada own and operate the 81.6-MW Ghost Pine Wind Energy Centre in Alberta; the 30.6-MW Pubnico Point Wind Energy Centre in Nova Scotia; and the 54-MW Mount Miller and 54-MW Mount Copper Wind Energy Centres in Quebec.

About NextEra Energy Canada, ULC

NextEra Energy Canada, ULC is a wholly owned indirect subsidiary of NextEra Energy, Inc., (NYSE: NEE), a leading clean energy company with revenues of more than $15.3 billion, more than 41,000 megawatts of generating capacity, and approximately 15,000 employees in 24 U.S. states and Canada(through its Canadian subsidiaries) as of year-end 2011. Headquartered in Juno Beach, Fla., NextEra Energy’s principal subsidiaries are Florida Power & Light Company, which serves approximately 4.6 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC, which together with its affiliated entities is the largest generator in the United States of renewable energy from the wind and sun. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.comwww.FPL.com,www.NextEraEnergyResources.comwww.NextEraEnergyCanada.com.

Cautionary Statements and Risk Factors That May Affect Future Results

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy, Inc. (NextEra Energy) and Florida Power & Light Company (FPL) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NextEra Energy’s and FPL’s control.  In some cases, you can identify the forward-looking statements by words or phrases such as “will,” “will likely result,” “expect,” “anticipate,” “believe,” “intend,” “plan,” “seek,” “aim,” “potential,” “projection,” “forecast,” “predict,” “goals,” “target,” “outlook,” “should,” “would” or similar words or expressions. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance. The future results of NextEra Energy and FPL are subject to risks and uncertainties that could cause their actual results to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, the following: effects of extensive regulation of NextEra Energy’s and FPL’s business operations; inability of NextEra Energy and FPL to recover in a timely manner any significant amount of costs, a return on certain assets or an appropriate return on capital through base rates, cost recovery clauses, other regulatory mechanisms or otherwise; impact of political, regulatory and economic factors on regulatory decisions important to NextEra Energy and FPL; risks of disallowance of cost recovery by FPL based on a finding of imprudent use of derivative instruments; effect of any reductions to or elimination of governmental incentives that support renewable energy projects of NextEra Energy Resources, LLC and its affiliated entities (NextEra Energy Resources); impact of new or revised laws, regulations or interpretations or other regulatory initiatives on NextEra Energy and FPL; effect on NextEra Energy and FPL of potential regulatory action to broaden the scope of regulation of OTC financial derivatives and to apply such regulation to NextEra Energy and FPL; capital expenditures, increased cost of operations and exposure to liabilities attributable to environmental laws and regulations applicable to NextEra Energy and FPL; effects on NextEra Energy and FPL of federal or state laws or regulations mandating new or additional limits on the production of greenhouse gas emissions; exposure of NextEra Energy and FPL to significant and increasing compliance costs and substantial monetary penalties and other sanctions as a result of extensive federal regulation of their operations; effect on NextEra Energy and FPL of changes in tax laws and in judgments and estimates used to determine tax-related asset and liability amounts; impact on NextEra Energy and FPL of adverse results of litigation; effect on NextEra Energy and FPL of failure to proceed with projects under development or inability to complete the construction of (or capital improvements to) electric generation, transmission and distribution facilities, gas infrastructure facilities or other facilities on schedule or within budget; impact on development and operating activities of NextEra Energy and FPL resulting from risks related to project siting, financing, construction, permitting, governmental approvals and the negotiation of project development agreements; risks involved in the operation and maintenance of electric generation, transmission and distribution facilities, gas infrastructure facilities and other facilities; effect on NextEra Energy and FPL of a lack of growth or slower growth in the number of customers or in customer usage; impact on NextEra Energy and FPL of severe weather and other weather conditions; risks associated with threats of terrorism and catastrophic events that could result from terrorism, cyber attacks or other attempts to disrupt NextEra Energy’s and FPL’s business or the businesses of third parties; risk of lack of availability of adequate insurance coverage for protection of NextEra Energy and FPL against significant losses; risk to NextEra Energy Resources of increased operating costs resulting from unfavorable supply costs necessary to provide NextEra Energy Resources’ full energy and capacity requirement services; inability or failure by NextEra Energy Resources to hedge effectively its assets or positions against changes in commodity prices, volumes, interest rates, counterparty credit risk or other risk measures; potential volatility of NextEra Energy’s results of operations caused by sales of power on the spot market or on a short-term contractual basis; effect of reductions in the liquidity of energy markets on NextEra Energy’s ability to manage operational risks; effectiveness of NextEra Energy’s and FPL’s hedging and trading procedures and associated risk management tools to protect against significant losses; impact of unavailability or disruption of power transmission or commodity transportation facilities on sale and delivery of power or natural gas by FPL and NextEra Energy Resources; exposure of NextEra Energy and FPL to credit and performance risk from customers, hedging counterparties and vendors; risks to NextEra Energy and FPL of failure of counterparties to perform under derivative contracts or of requirement for NextEra Energy and FPL to post margin cash collateral under derivative contracts; failure or breach of NextEra Energy’s and FPL’s information technology systems; risks to NextEra Energy and FPL’s retail businesses of compromise of sensitive customer data; risks to NextEra Energy and FPL of volatility in the market values of derivative instruments and limited liquidity in OTC markets; impact of negative publicity; inability of NextEra Energy and FPL to maintain, negotiate or renegotiate acceptable franchise agreements with municipalities and counties in Florida; increasing costs of health care plans; lack of a qualified workforce or the loss or retirement of key employees; occurrence of work strikes or stoppages and increasing personnel costs; NextEra Energy’s ability to successfully identify, complete and integrate acquisitions; environmental, health and financial risks associated with NextEra Energy’s and FPL’s ownership of nuclear generation facilities; liability of NextEra Energy and FPL for significant retrospective assessments and/or retrospective insurance premiums in the event of an incident at certain nuclear generation facilities; increased operating and capital expenditures at nuclear generation facilities of NextEra Energy or FPL resulting from orders or new regulations of the Nuclear Regulatory Commission; inability to operate any of NextEra Energy Resources’ or FPL’s owned nuclear generation units through the end of their respective operating licenses; liability of NextEra Energy and FPL for increased nuclear licensing or compliance costs resulting from hazards posed to their owned nuclear generation facilities; risks associated with outages of NextEra Energy’s and FPL’s owned nuclear units; effect of disruptions, uncertainty or volatility in the credit and capital markets on NextEra Energy’s and FPL’s ability to fund their liquidity and capital needs and meet their growth objectives; inability of NextEra Energy, FPL and NextEra Energy Capital Holdings, Inc. to maintain their current credit ratings; risk of impairment of NextEra Energy’s and FPL’s liquidity from inability of creditors to fund their credit commitments or to maintain their current credit ratings; poor market performance and other economic factors that could affect NextEra Energy’s and FPL’s defined benefit pension plan’s funded status; poor market performance and other risks to the asset values of NextEra Energy’s and FPL’s nuclear decommissioning funds; changes in market value and other risks to certain of NextEra Energy’s investments; effect of inability of NextEra Energy subsidiaries to upstream dividends or repay funds to NextEra Energy or of NextEra Energy’s performance under guarantees of subsidiary obligations on NextEra Energy’s ability to meet its financial obligations and to pay dividends on its common stock; and effect of disruptions, uncertainty or volatility in the credit and capital markets of the market price of NextEra Energy’s common stock. NextEra Energy and FPL discuss these and other risks and uncertainties in their annual report on Form 10-K for the year ended December 31, 2011 and other SEC filings, and this press release should be read in conjunction with such SEC filings made through the date of this press release. The forward-looking statements made in this press release are made only as of the date of this press release and NextEra Energy and FPL undertake no obligation to update any forward-looking statements.

SOURCE NextEra Energy Canada, ULC

CONTACT: NextEra Energy Canada, ULC, Media Line: (888) 867-3050

Web Site: http://www.NextEraEnergyCanada.com

In many areas of the U.S., including New York, residents are able to choose between several energy supply companies. If you’re looking for low energy rates, New York residents and other people lucky enough to live in a deregulated market can choose from a variety of providers with different energy plans. This system of deregulation is relatively new, having only been introduced in a handful of states across the country, and allows for greater choice on the part of the consumer, and the supplier.

Energy suppliers in deregulated markets compete with one another for consumers. Often each supplier will present a number of plans, including some that emphasize eco-friendly energy options, whether that means support for wind, solar, or hydro power. For people that are concerned with their overall carbon footprint, finding alternative options to fossil fuels is a great reason to switch energy suppliers.

The only downside to choosing an energy plan that focuses on green energy production is the inevitable cost increase. Until the point that green energy technology and infrastructure catch up to that of existing energy source models, there will always be a difference in commodity price. Still, as current customer models show, many people are willing to pay a little extra for energy in order to support a clean and renewable generation option.

We’re never going to get rid of our need for coal or natural gas, and honestly we shouldn’t be even thinking about rash actions like bans on these fuels considering their abundance in our country. But, not pushing for the elimination of fossil fuels doesn’t mean that we shouldn’t take aggressive steps to develop other industries that can help offset their use. After all, fossil fuels are inherently finite. While we have an abundance of natural gas at the moment thanks to hydraulic fracturing, that supply isn’t going to last forever. Green energy from renewable resources has an important place on our nation’s energy consumption plate, and it’s here to stay.

As we move forward, let’s not forget about the promise of eco-friendly energy. With the right support, green energy could be able to fill the void left behind when our fossil fuel resources finally do reach their tipping point. There’s no reason to play with fire and not be ready for the inevitable. Supporting eco-friendly alternatives to fossil fuels today will help the industry continue to grow, better itself, and support the environment at the same time.

The West Virginia Department of Environmental Protection is
conducting a free electronics recycling event for the
public from 9 a.m. to 3 p.m., on Saturday, Oct. 20, in
Bluefield. The drop-off area is the JCPenny parking lot at
the Mercer Mall, U.S. 460 and Route 25.

The DEP’s Rehabilitation Environmental Action Plan (REAP)
and MRM Recycling are sponsoring the e-cycling event to
make it easy for West Virginians to responsibly dispose of
electronic devices.

Devices that will be accepted on Oct. 20 include
televisions, computers, printers, copiers, zip drives,
video game devices, electronic cables, laser and
multifunction scanners, fax machines, laptops, mice,
keyboards, speakers, Web cams, monitors, cables, hard
drives, circuit boards, cell phones, CD players and tape
players.

Devices that will not be accepted include kitchen
appliances, refrigerators, washers, dryers, freezers,
microwaves, air conditioners, lamps, CDs, DVDs, floppy
disks, magnetic tapes, household batteries and home
thermostats.

All materials will be recycled through Electronic Recyclers
International, which provides secure data destruction.

For more information call 1-800-322-5530.

Annual Roster to be Unveiled at Awards Dinner during Singapore International Energy Week

SINGAPORE, Aug. 20, 2012 /Coal Geologye/ – Platts, a leading global provider of energy, petrochemicals and metals information, will announce its annual Top 250 Global Energy Company Rankings™ on October 23 at an awards dinner during Singapore International Energy Week, an annual week-long series of events addressing pertinent energy issues.

“Our Top 250 roster is a respected hallmark of financial performance in the energy sector,” said Larry Neal, president of Platts. “Not only do energy companies hold it in high regard, looking to see where they rank year in and year out, but it has also become an important resource for the investment community.”

The 2012 Platts Top 250 Global Energy Company Rankings will reflect the growth and changes in publicly held energy companies in fiscal year 2011, based on a combination of four financial factors: asset worth, revenues, profits and return on invested capital. The list also ranks companies by industry sector and names the 50 fastest-growing companies.

On the 2011 roster, China’s leading oil and gas company Petrochina Company Limited became the first Asian company to move into a top-five slot. U.S. giant Exxon Mobil Corp. retained the number-one spot for the seventh consecutive year and BRIC (Brazil, Russia, India, China) companies showed rapid advancement within the ranks. Click here for the full 2011 Platts Top 250 Rankings.

“We’re looking forward to celebrating this year’s energy companies’ achievements and honoring Asia’s market movers at our seventh annual awards dinner in Singapore this October,” said Patsy Wurster, director, Platts Strategic Media, and organizer of the event.

The Rankings, now in their 11th year, will be announced at the Platts Top 250 Asia Awards Dinner at the Marina Bay Sands-Singapore, and are expected to draw the attendance of more than 300 energy executives from the Asia-Pacific region. Recognition will highlight financial achievement, advancement within the industry ranks, and leadership in nine energy sectors: diversified utilities, electric utilities, gas utilities, independent power producers, coal and consumable fuels, integrated oil and gas, refining and marketing, exploration and production, and storage and transportation.

For more information on dinner sponsorship and table reservations, click here. Attendance is open to all companies with business interests in Asia and to energy companies worldwide. Accredited media may attend as guests with advanced registration. Television cameras are welcome.

About Platts: Founded in 1909, Platts is a leading global provider of energy, petrochemicals and metals information and a premier source of benchmark prices for the physical and futures markets.  Platts news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency.  Customers in more than 150 countries benefit from Platts’ coverage of the carbon emissionscoalelectricityoil, natural gasmetalsnuclear powerpetrochemical, and shipping markets.  A division of The McGraw-Hill Companies (NYSE: MHP), Platts is headquartered in New York with more than 900 employees in 15 offices worldwide. Additional information is available at http://www.platts.com .

About The McGraw-Hill Companies: McGraw-Hill announced on September 12, 2011, its intention to separate into two companies: McGraw-Hill Financial, a leading provider of content and analytics to global financial markets, and McGraw-Hill Education, a leading education company focused on digital learning and education services worldwide. McGraw-Hill Financial’s leading brands include Standard & Poor’s Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts energy information services and J.D. Power and Associates. With sales of $6.2 billion in 2011, the Corporation has approximately 23,000 employees across more than 280 offices in 40 countries. Additional information is available athttp://www.mcgraw-hill.com/.

SOURCE Platts

CONTACT: Kathleen Tanzy, +1-212-904-2860, kathleen_tanzy@platts.com, or Elizabeth Catalano, Elizabeth_catalano@platts.com, +44-207-176-6024

Web Site: http://www.platts.com