The new 20-year contract between FB Energy and Progress Energy Florida, effective in January 2013, is projected to save utility customers more than $34 million.
Vision/FL, LLC will use sweet sorghum bagasse, a biomass fuel, as its primary renewable fuel to generate up to 40 MW of electricity. The PSC approved modifications to the 25-year agreement between Progress Energy Florida and Vision, effective in January 2011, that should save utility customers more than $28 million.