Energy Efficiency

FPL switches off Northeast power marketing efforts

Issue 3 and Volume 78.

FPL Group Inc. (FPL) recently found another supplier for its unregulated power and natural gas customers in Pennsylvania and New Jersey, completing the company`s withdrawal from unregulated retail marketing, a FPL spokesman said. The changes were announced by PP&L Resources Inc. (PPL) which said its retail marketing arm, PP&L EnergyPlus Co., has agreed to serve the customers of FPL Energy Services in the two states. Terms of the transaction were not disclosed.

Larry Laseter, president of FPL Energy Services, explained to the Miami Herald, “We had a new market business that, with all the uncertainty, we decided to back away from.”