Florida PSC approves settlement on early retirement of Jacksonville coal-fired power plant
The Florida Public Service Commission (PSC) approved on Monday a settlement agreement resolving all issues related to Florida Power & Light Company’s (FPL) petition to retire a coal-fired power plant in Jacksonville, Florida ahead of schedule.
The settlement filed by FPL and the Office of Public Counsel, which represents consumers, will allow FPL to retire the St. Johns River Power Park (SJRPP) early next year. FPL originally planned to retire the plant in 2052.
Closing the plant early provides environmental benefits through emission reductions and will save customers an estimated $183 million dollars, according to FPL.
With the PSC’s decision on the settlement agreement, the rest of the hearing was canceled.
FPL and Jacksonville Electric Authority (JEA), the municipally owned electric provider for the City of Jacksonville, jointly own the approximately 1,300-megawatt plant.
FPL said it was no longer economical to operate SJRPP. This is the third coal power plant FPL will phase out in two years.
