• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About
  • Advertise
  • Submit News
  • Contact Us

Capital Soup

Florida News Straight From the Source

  • Featured
  • Leaders
  • Government
  • Industry
  • Education
  • Opinion
You are here: Home / Archives for Renewable Energy Purchase

Renewable Energy Purchase

Florida PSC Approves Gulf Power’s Renewable Energy Purchase

Posted on November 7, 2017

The Florida Public Service Commission (PSC) today approved Gulf Power Company’s (Gulf) renewable energy contract with Bay County.  Under the six-year contract, Gulf will purchase all the electricity produced by the Bay County Resource Recovery Facility, a municipal solid waste plant.
“Gulf’s renewable energy purchase promotes Florida’s fuel diversity, further reducing our dependency on natural gas,” said PSC Chairman Julie Brown. “This renewable energy option also reduces landfill waste, saves customers money, and serves the public interest.”
Beginning in July 2017, the contract provides for Gulf to purchase the facility’s 13.65 megawatts of renewable generation for its customers at a fixed price that is expected to save approximately $250,000. The energy-only contract provides security for customers since Gulf pays only for the energy produced; if the plant fails to provide energy, no payment is due.
As required by rule, the PSC considered Gulf’s need for power, and the contract’s cost-effectiveness, payment provisions, and performance guarantees in making today’s decision. This is the third renewable energy contract between Gulf and Bay County, continuing contracts approved in 2008 and 2014.  The Bay County Resource Recovery Facility is located in Panama City.
For additional information, visit floridapsc.com.

Filed Under: Featured Tagged With: Florida Public Service Commission, Gulf Power Company, Renewable Energy Purchase

Primary Sidebar

    Submit News    

Governor Ron DeSantis and Florida Cabinet Invest $141 Million to Protect Florida’s Natural Resources

Investments include more than 17,000 acres within the Devil’s Garden Florida Forever Project in Hendry County … [Read More...] about Governor Ron DeSantis and Florida Cabinet Invest $141 Million to Protect Florida’s Natural Resources

Governor Ron DeSantis Announces Implementation of Florida’s Prescription Drug Reform Act

Governor Ron DeSantis and members of the Florida Cabinet today approved rules … [Read More...] about Governor Ron DeSantis Announces Implementation of Florida’s Prescription Drug Reform Act

Governor Ron DeSantis Awards More Than $3.5 Million for Infrastructure Improvements in Clay County through the Florida Job Growth Grant Fund

Governor Ron DeSantis today awarded more than $3.5 million … [Read More...] about Governor Ron DeSantis Awards More Than $3.5 Million for Infrastructure Improvements in Clay County through the Florida Job Growth Grant Fund

Keep in Touch

  • Email
  • Facebook
  • Twitter

Newsletter signup

Stay in the loop! Subscribe to our weekly newsletter to receive a brief recap of the week's most popular stories.

Footer

News

  • Featured
  • Leaders
  • Government
  • Industry
  • Education
  • Opinion

About Us 

  • About
  • Advertise
  • Submit News
  • Contact Us

Keep in Touch

  • Email
  • Facebook
  • Twitter

Copyright © 2021
Terms & Conditions

© Copyright 2023 Capital Soup · All Rights Reserved ·