23.4.2004: Meldung: FPL Energy, LLC: Agreement to Sell Texas Generating Facility
Thursday April 22, 6:30 am ET
JUNO BEACH, Fla.-- April 22, 2004--FPL Energy, LLC, the wholesale generating subsidiary of FPL Group Inc. (NYSE:FPL - News), today announced that FPL Energy affiliates have entered into an agreement to sell their entire ownership interest in the Bastrop Energy Center (BEC) to Centrica. The transaction is expected to close no later than early third quarter 2004.
BEC is a 540-megawatt combined cycle power plant located in Bastrop County, Texas, and has been in operation since May 2002.
"This transaction is the result of our ongoing analysis of our generating assets to ensure we maintain a balanced portfolio in line with our current strategies," said Jim Robo, president of FPL Energy. "We continue to own and operate an attractive portfolio of natural gas-fired generating assets in North Texas near the fast growing Dallas market and more than 600 net megawatts of wind generation in West Texas and are excited about their long-term potential."
A FPL Energy affiliate will provide Centrica transition services following the close of the transaction and ongoing major maintenance support for three years under a service"s contract.
The company said it expects the transaction to be accretive to 2005 earnings. The sale is subject to customary conditions, including the receipt of Hart Scott Rodino approval.
FPL Energy is a leading wholesale generator of clean energy, including natural gas, wind, solar, hydroelectric and nuclear. It is a subsidiary of FPL Group (NYSE:FPL - News), 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 4.2 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.
FPL Energy, LLC, Juno Beach
Steve Stengel, 888-867-3050
Source: FPL Energy, LLC