long-term contract

Florida Power & Light (FPL) filed a petition with the Florida Public Service Commission (PSC) to request approval to acquire a power plant that it has had under a long-term contract to purchase power since 1988. Upon taking ownership of the Cedar Bay Generating Plant, a 250-MW coal-fired facility located in Jacksonville, Fla., FPL plans to immediately terminate the contract and reduce the plant's operations by 90 percent, with the intention of eventually phasing the plant out of service.

NextEra Energy Resources, a subsidiary of NextEra Energy dedicated the company's 250 MW Genesis Solar Energy Center, located in Riverside County, Calif. All of the power generated by the solar facility is being provided to Pacific Gas & Electric under a long-term contract. The solar facility, which is comprised of two identical 125-MW generating units, entered service in November 2013 and March 2014, respectively and is owned and operated by an affiliate of NextEra Energy Resources.