ST. PETERSBURG, Fla., May 30 /PRNewswire-FirstCall/ -- Progress Energy
Florida today announced that on June 12, 2008 the company will issue a Request
for Proposals (RFP) to supply approximately 1,200 megawatts of generating
capacity beginning in 2013.
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Proposals will compete with Progress Energy's self-build option consisting
of a highly-efficient, combined-cycle, natural gas unit to be built on company
property at its existing Suwannee plant in Suwannee County, Florida. The
proposed unit will have an in-service date of June 1, 2013.
"Progress Energy Florida is committed to meeting the growing energy needs
of our 1.7 million customers," said Jeff Lyash, president and chief executive
officer of Progress Energy Florida. "We have a need for generating capacity
in 2013 and, through this process we will be able to identify the most
cost-effective, safe and reliable generation source for our customers."
The RFP, which is in accordance with Florida Public Service Commission
rules, will be issued on June 12, 2008. Interested bidders must obtain the
official RFP in order to participate and will be required to obtain updated
RFP information regularly from the RFP Web site:
An RFP pre-release meeting is planned for Thursday, June 5, 2008 and a
meeting for interested bidders will be held on Thursday June 19, 2008. Both
meetings will take place from 1 - 3 p.m. each day in the Cotillion-Terrace
Room at the Marriott Westshore, 1001 N. Westshore Boulevard in Tampa, Fla.
Upon completion of screenings and evaluations, a short list of proposals
will be announced in October 2008. Finalists are expected to be named in
November 2008 and the award announcement is planned for mid-December 2008.
Proposal must be received by 3 p.m. EDT on Tuesday, Aug. 12, 2008.
Beginning today additional information about the pre-release RFP will be
available to prospective bidders on the Progress Energy RFP Web site:
All inquiries or contact about the RFP, including questions of
clarification, requests for additional information, and submission of
proposals, must be directed in writing to:
Progress Energy Florida
6565 38th Ave North
St. Petersburg, FL 33710
Telephone number: (727) 344-4165
Fax number: (727) 344-4184
Progress Energy Florida reserves the right to revise the schedule at any
time, at the company's sole discretion. Depending on Progress Energy Florida's
requirements to review the proposals, the company may shorten or lengthen the
schedule and revise the dates associated with the schedule.
Progress Energy Florida, a subsidiary of Progress Energy (NYSE: PGN),
provides electricity and related services to 1.7 million customers in Florida.
The company is headquartered in St. Petersburg, Fla., and serves a territory
encompassing more than 20,000 square miles including the cities of St.
Petersburg and Clearwater, as well as the Central Florida area surrounding
Orlando. Progress Energy Florida is pursuing a balanced approach to meeting
the future energy needs of the region. That balance includes increased
energy-efficiency programs, investments in renewable energy technologies and a
state-of-the-art electricity system. For more information about Progress
Energy, visit the company's Web site at www.progress-energy.com.
Caution Regarding Forward-Looking Information:
This release contains forward-looking statements within the meaning of the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements, by their very nature, involve assumptions,
risks and uncertainties that could cause actual results or outcomes to differ
materially from those expressed in the forward-looking statements. For
example, the company's decision on whether to move forward with generation
construction will depend on a variety of factors that are each subject to
change, such as the political and regulatory environments, financing options
available to fund construction and the overall cost of generation construction
and associated transmission facilities. Any forward-looking statement speaks
only as of the date such statement is made, and we undertake no obligation to
update any forward-looking statement or statements to reflect events or
circumstances after the date on which such statement is made.
SOURCE Progress Energy Florida