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07/18/2006 Contact: 850-413-6482

Commission Gives Green Light To New Plant for Seminole Electric Cooperative

TALLAHASSEE — The Florida Public Service Commission gave unanimous consent Tuesday for a 750 megawatt coal-fired power plant to serve customers of Seminole Electric Cooperative.

“The cooperative’s customers need reliable power at reasonable prices,” Commission Chairman Lisa Polak Edgar said.  “This plant is the most cost-effective way to meet those needs, and it helps reduce Florida’s dependence on natural gas.”

The plant, which is scheduled to go into operation in May 2012, will be built at the utility’s existing Palatka site, beside two existing coal plants.  The utility conducted analyses to compare the cost of various fuels and found the coal option would yield savings of $476 million compared with natural gas over the life of the plant.

Seminole provides electricity to 10 member cooperatives, which are projected to have a combined total of more than one million residential customers by 2015.