FPL to Invest $1,000m in Riviera Beach Next Generation Clean Energy Center in Florida, the US - Deal Analysis from GlobalData

Summary

On June 19, 2011, Florida Power & Light Company (FPL) power plant in Riviera Beach was demolished in preparation for the construction of FPL Riviera Beach Next Generation Clean Energy Center (Riviera Beach Energy Center). Scheduled to begin operations in 2014, the new plant will use high-efficiency, combined-cycle natural gas technology to produce up to 1,250 MW of electricity serving approximately 250,000 of FPL 4.5 million customers. One of ‘America most admired companies’, FPL, through this project will create almost $20m tax revenue in total. This investment also highlights how the company maintains its strong hold in the market by creating benefits for its customers and local communities with available land and water resources.

Scope

- The information related to Exelon Corporation and Constellation Energy Group, Inc. merger.
- Key facts about the deal
- Key drivers of the deal
- Rationale of the deal
- A brief on companies, Florida Power & Light Company

Reasons to buy

The Deal Report allows the reader to -
- Understand the reasons for the acquisition
- Understand the response from the markets
- Understand the impact of the deal on Florida Power & Light Company
 

1 1
1.1 List of Tables 1
1.2 List of Figures 1
2 Summary 1
3 FPL to Invest $1,000m in Riviera Beach Next Generation Clean Energy Center in Florida, the US 1
3.1 Deal Overview 1
3.2 Deal in Brief 1
3.3 Comparable Deals 2
3.4 Highlights of the Riviera Beach Next Generation Clean Energy Center 2
3.5 Deal Rationale 2
3.5.1 FPL Strategy to Become the Leader in Clean Energy 2
3.5.2 Better Utilization of Available Resources 2
3.5.3 Saving Customers Money 2
3.5.4 Leading Electric Utility 2
3.5.5 Investment in State of the Art Technologies 3
3.6 Key Drivers of the Deal 3
3.6.1 FPL is an Environmental Leader 3
3.6.2 Tax Revenue 3
3.6.3 Environmental Benefits 3
3.6.4 Strong Foothold in the Market 3
3.6.5 FPL Strategy to maintain its Energy Portfolio in the US 3
3.6.6 Direct and Indirect Economic Benefits 3
3.6.7 Riviera Beach Energy Center: Located on the Existing Site 3
3.7 About the Company 4
4 Appendix 4
4.1 Abbreviations 4
4.2 Methodology 4
4.2.1 Coverage 4
4.2.2 Secondary Research 4
4.2.3 Primary Research 4
4.2.4 Modeling and Forecasting 5
4.3 Contact Us 5
4.4 Disclaimer 5

1.1 List of Tables
Table 1: Comparable Deals, 2009-2011 2
Table 2: Abbreviations 4 1.2 List of Figures
Figure 1: Fuel Mix and Purchased Power 3