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FLORIDA POWER CORPORATION AND GEORGIA POWER TO BUILD POWER PLANT, MEET PEAK ENERGY DEMANDS

 ST. PETERSBURG, Fla., Sept. 30 /PRNewswire/ -- In an effort to meet peak capacity demands and provide low-cost power, Florida Power Corporation (FPC) and Georgia Power Company announced plans to build an advanced technology 150-megawatt power plant near Orlando and begin negotiations to sell Georgia Power up to 400 megawatts of existing capacity during summer months starting in 1996.
 Under the terms of the agreement, FPC and Georgia Power will jointly own a new high efficiency power plant to be located at Florida Power's existing Intercession City peaking site (southwest of Orlando off County Route 532). It will be an advanced combustion turbine constructed by Siemens Power Corporation. FPC will own a two-thirds share and operate the plant with full use of the power produced each year from October through May. Georgia Power will have a one-third ownership and will use power produced from June through September. Florida Power will be responsible for the plant's maintenance and daily operation. The plant is expected to be in service by January of 1996.
 These units are known as "peakers" because they are used primarily during times of peak electrical demand. FPC experiences its greatest power demands during the winter months and Georgia Power, conversely, is a summer peaking utility.
 Separately, Georgia Power has ranked FPC first among 35 competitive bids from which to negotiate the purchase of 400 megawatts of existing FPC peaking capacity during the summer months. The two utilities will seek to finalize a three-year agreement by year end. The agreements allow Florida Power to sell its excess summer peaking capacity, lower costs and better utilize its facilities year round. Georgia Power benefits because it is able to buy low cost electricity at a time when its system is experiencing peak electric demand.
 "We are taking these creative steps in order to keep prices competitive for our customers while maintaining a high level of service," explained John Hancock, Florida Power's senior vice president for Energy Supply.
 The power agreements are subject to various regulatory approvals.
 FPC, an investor-owned electric utility, is the principal subsidiary of Florida Progress Corporation (NYSE: FPC) of St. Petersburg, Fla. Florida Power serves 1.2 million customers in a service area that covers approximately 20,000 square miles in 32 Florida counties.
 -0- 9/30/93
 /CONTACT: Beth Pittenger of Florida Power Corporation, 407-646-8263/
 (FPC)


CO: Florida Power Corporation; Georgia Power Company ST: Florida, Georgia IN: UTI SU:

AW-RK -- FL007 -- 7278 09/30/93 12:26 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
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