subscribe to ENR magazine subscribe
contact us
industry jobs industry jobs
events events
Dodge Data & Analytics
ENR Logo
Web access will be provided
as part of your subscription.
This content is available for purchase. It is FREE of charge for ENR subscribers.

Denied a Rate Increase, FPL Suspends Huge Building Plan

Publication Date: 1/25/2010
Author: Scott Judy
Format: HTML

Florida’s transition to more efficient and clean energy production hit a speed bump last month when Juno Beach, Fla.-based FPL Group said it would immediately halt work on approved nuclear and modernization projects that collectively totaled as much as $20 billion. The sudden move came on the heels of the state Public Service Commission rejecting FPL’s requests for rate hikes totaling more than $1 billion. FPL Group Chairman and CEO Lew Hay cited the decision as evidence of a deteriorating regulatory climate in Florida that “is increasingly hostile to investment.” The largest projects are two additional nuclear units at the utility¹s existing Turkey Point complex in Miami. The work, granted PSC approval in 2008, would have added 2,200 megawatts of nuclear-generating capacity. FPL estimated the cost of the project at between $12 billion and $18 billion. FPL also halted two modernization projects at its existing Riviera Beach and Cape Canaveral plants, as well as a proposed natural gas pipeline and what it termed “numerous discretionary infrastructure projects.”

Sign In 
Enter your email address and password below
Sign up for ENR | Forgot your Password?


Subscribe to access content 

Monthly Subscription (Automatic Renewal):
Access all articles published on for only $9.95/Month.

Annual Subscription:
Get ENR magazine for one year plus access to all articles published on, along with all the benefits described*
U.S. for only $49.95/Year
Canada $99/Year (US funds)
All other $125/Year (US funds).


Need to register your ENR print subscription? 

Enter your print subscription account number from your mailing label or your order acknowledgement here

Print subscription number:

For help finding your subscriber number click here
  • ENR’s national and regional tablet digital editions
  • FREE — ENR’s Greatest Construction Projects digital edition with your paid subscription
  • BONUS — ENR Future Tech & ENR Risk Review e-newsletters
  • Access to with daily updates and archives
  • Regional news and information
  • Daily news alerts & weekly e-newsletters
  • Construction methods & equipment
  • Industry forecasts
  • Quarterly cost reports
  • Opinions from the experts
  • Top Lists (Company Rankings)
  • Risk management
  • Safety and health
  • Technology tools
  • Asset management
  • Specialty contractor innovation