Released By Williams
GULFSTREAM NATURAL GAS SYSTEM REACHES FIRM TRANSPORTATION AGREEMENT WITH FLORIDA POWER & LIGHT COMPANY
Gulfstream will extend the
FPL plans to add one natural gas-fired, combined-cycle generating unit to its existing Manatee plant site in
The Federal Energy Regulatory Commission in February 2001 approved the construction and operation of the entire 753-mile Gulfstream pipeline project. The Florida Department of Environmental Protection issued its environmental permit in March 2001. Gulfstream later received permission from FERC to phase construction – placing 581 miles in service last May and the remainder in service at a later date.
“We are very pleased to have reached an agreement to provide natural gas transportation service to FPL’s Martin and Manatee power plant expansions,” said Guy Buckley, Gulfstream senior vice president and general manager. “We look forward to providing FPL with reliable, economic transportation services on both the east and west coasts of
“Our agreement with Gulfstream offers our customers two key benefits,” said Joe Stepenovitch, FPL director of energy marketing and trading. “One is a very competitively-priced new source of natural gas transportation, and the other is the improved reliability resulting from having a second gas pipeline supplier for FPL.”
Since the Gulfstream project was initiated in 1999, company representatives have worked with state and local officials as well as civic and community groups to share information and answer questions about the project, conducting public meetings, delivering presentations and making information available through its web site.
Placed into service in May 2002, Gulfstream Natural Gas System is currently a 581-mile pipeline system with the capacity to deliver 1.1 billion cubic feet of natural gas each day to serve
Florida Power & Light Company is the principal subsidiary of FPL Group, Inc. (NYSE: FPL), nationally known as a high-quality, efficient and customer-driven organization focused on energy-related products and services. With annual revenues of more than $8 billion and a presence in 24 states, FPL Group is widely recognized as one of the country's premier power companies. Florida Power & Light Company serves more than 4 million customer accounts in
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the companies believe any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995.