NEW YORK, Feb. 19, 2002 — Florida’s electric generating capacity could grow by more than 10 percent this year, or 4,750 megawatts (MW), according to new data.
However, development of plants from this year forward has been hit by the industry-wide slowdown, cutting 5,100 MW of projects out of the queue, including 1,000 that were expected to be in service in 2002, the Energy Argus data shows.
One MW is enough to power 750 homes during a typical demand period.
Another 2,750 MW targeted for operation in 2003 has been indefinitely postponed in the Florida Reliability Coordinating Council (FRCC). Over 1,325 MW scheduled for 2004 and beyond also have been cancelled.
Yet more than 12,250 MW of capacity remains under development in the state. The bulk of the remaining capacity is scheduled for operation by 2005.
Florida’s peak demand in July 2001 registered between 35,000 and 36,000 MW, and 43,000 MW of capacity was available, according to the FRCC and North American Electric Reliability Council.
The estimate is based on information published by Energy Argus in its monthly New Power Plant Projects, a database of plants under development in North America.