Southern Company to provide additional wholesale power to Seminole Electric Cooperative
Tuesday, March 21, 2006, ATLANTA – Southern Company announced today that it will provide an additional 160 megawatts of wholesale power to Seminole Electric Cooperative. Today’s announcement follows a previously announced wholesale power agreement, under which Southern Company will provide Seminole with approximately 320 megawatts of electric energy from Jan. 1, 2010 through Dec. 31, 2015. With this additional 160 megawatts, Seminole’s total purchase of wholesale power from Southern Company will be approximately 480 megawatts.
Power to supply Seminole will be generated from Plant Oleander, a simple-cycle, combustion turbine electric generating plant located in Cocoa, Fla. Plant Oleander is owned by Southern Power, a subsidiary of Southern Company that builds, owns, manages and finances wholesale generating assets in the Southeast and sells to wholesale customers. With plants located in Alabama, Georgia and Florida, Southern Power currently has more than 5,400 megawatts of competitive generation to serve the wholesale power market.
“This announcement completes our efforts to extend contract coverage of the capacity at Plant Oleander following our purchase of this plant last year,” said Ronnie Bates, President and CEO of Southern Power. “With our reliable, efficient fleet of generating assets, we are well-positioned to serve the growing wholesale power market in Florida.”
Tampa-based Seminole Electric Cooperative is the wholesale energy supplier for 10 member distribution cooperatives in peninsular Florida. Seminole operates generating stations in Putnam and Hardee counties. More than 1.6 million individuals and businesses in 46 Florida counties rely on Seminole and its members for electric service, together comprising the third largest energy consumer group in Florida.
With more than 4 million customers and more than 40,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier super-regional energy company in the Southeast and a leading U.S. producer of electricity. Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are 15 percent below the national average. Southern Company has been ranked the nation’s top energy utility in the American Customer Satisfaction Index six years in a row. Southern Company has more than 500,000 shareholders, making its common stock one of the most widely held in the United States. Visit the Southern Company Web site at www.southerncompany.com.
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