|
|
Article: FPL Announces Agreement with Federal Energy Regulatory Commission.
- Article from:
- Business Wire
- Article date:
- October 8, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
JUNO BEACH, Fla. -- Florida Power & Light Company, a subsidiary of FPL Group, Inc. (NYSE:FPL), today announced that it has agreed to a settlement with the Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corporation (NERC) related to a Feb. 26, 2008, power outage in Florida.
Under the agreement, FPL will pay $10 million each to the United States Treasury and NERC and will invest $5 million in transmission system reliability enhancements above and beyond already planned investments. These amounts will be from FPL Group shareholder funds and will not affect customer bills.
On Feb. 26, 2008, FPL's transmission system - ...