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FPSC Ten Year Plan Workshop Nuclear Panel Steven Scroggs Senior Director, Project Development Florida Power & Light Company August 15, 2007.

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Presentation on theme: "FPSC Ten Year Plan Workshop Nuclear Panel Steven Scroggs Senior Director, Project Development Florida Power & Light Company August 15, 2007."— Presentation transcript:

1 FPSC Ten Year Plan Workshop Nuclear Panel Steven Scroggs Senior Director, Project Development Florida Power & Light Company August 15, 2007

2 2 Overview Nuclear Generation & Floridas Energy Needs FPLs Two Part Plan –Increasing Existing Nuclear Capacity –Pursuing New Nuclear Generation

3 3 Meeting Floridas Needs Additional nuclear generation capacity will help Florida achieve its goals: 1.Supportive of Governors Executive Order on Greenhouse Gas reductions

4 4 Meeting Floridas Needs Additional nuclear generation capacity will help Florida achieve its goals: 1.Supportive of Governors Executive Order on Greenhouse Gas reductions 2.Proven baseload technology to increase energy independence and supply reliability

5 5 Two pipelines provide natural gas to generate approximately 50% of FPL energy needs Segment will continue to grow to as much as 70% by 2017 Gulf supply region prone to disruptions from hurricanes Gulf Supply Basin Gulfstream FGT System Natural Gas Supply Reliability

6 6 Meeting Floridas Needs Additional nuclear generation capacity will help Florida achieve its goals: 1.Supportive of Governors Executive Order on Greenhouse Gas reductions 2.Proven baseload technology to increase energy independence and supply reliability 3.A critical part of a portfolio of environmentally responsible generation alternatives

7 7 Mix of Resources Needed AM Hours PM Hours Baseload Demand Variable Demand Daily Capacity Demand (MW)

8 8 FPLs Plan for Nuclear

9 9 A Two Part Plan Increase the capacity of FPLs existing Nuclear Power Units (Power Up-rate) –Improvements increase capacity 400 MW by 2012 –Proven process, leveraging existing investments Pursue Two New Nuclear Power Units (Turkey Point 6 & 7) –Would add up to 3,000 MW depending on the technology selected –First unit targeted for 2018, second unit by 2020

10 10 Power Up-rate Schedule Improvements will be coordinated with current maintenance schedule and staged over several refueling outages No change to structures or facility footprint

11 11 The Option for New Nuclear Action is needed to preserve the option –Development of the license applications is the next step –Timeline for equipment procurement starts well before construction, impacts target operation date Challenges in many areas –New Reactor Licensing Process –No new orders in the U.S. for past thirty years –Supply chain and Skilled Labor force rebuilding

12 12 Turkey Point 6 & 7 Schedule Licenses and Approvals are expected to require 5 years Construction and Testing is estimated to require 5 years Annual Nuclear Cost Recovery Process will monitor progress and review project feasibility

13 13 Site & Design Selection Turkey Point offers significant advantages –Efficient use of existing site and infrastructure –Located close to load, reducing transmission needed –Only 8 miles of additional transmission ROW required Five competing nuclear designs under review –Technical; review conducted, all viable and safe –Cost and Risk Management; Engaging vendors now, selection early 2008

14 14 Coordination Necessary to Achieve Success Timely Regulatory Actions are Key –Licensing and Approvals process is complex, requiring coordination and cooperation of many agencies at all levels to keep project moving forward on schedule –Clear communication and timely execution of regulatory steps will avoid delays –Capital Markets will view active regulatory involvement and support as essential


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