This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FPL Marks End Of 2012 Hurricane Season Today, But Continues Year-round Focus On Readiness For Weather Events

JUNO BEACH, Fla., Nov. 30, 2012   /PRNewswire/ -- With today marking the formal end of the hurricane season that officially started June 1, Florida experienced its seventh-consecutive year without a direct hit from a hurricane. Tropical systems, however, are powerful forces of nature. Florida Power & Light Company and its customers were impacted by four major storms in 2012 and provided significant support to those in the northeast.

(Logo: http://photos.prnewswire.com/prnh/20120301/FL62738LOGO )

This storm season demonstrated that no electric company is storm proof and that FPL has a comprehensive storm plan that focuses on readiness, restoration and recovery to respond safely and as quickly as possible if a major storm strikes its service territory.

"Though storm season might be done on the calendar, we prepare year-round for weather and other events that have the potential to disrupt service. Our goal is always to minimize the impact on our customers," said FPL President Eric Silagy.

2012 Storm SeasonThis storm season, which saw early tropical activity, brought four named systems (Tropical Storm Beryl in May, Tropical Storm Debby in June, Tropical Storm Isaac in August and Hurricane Sandy in October ) that collectively disrupted electric service to nearly 900,000 of FPL's 4.6 million customers across the state. FPL line workers demonstrated their technical skills as they safely restored power to more than 80 percent of customers within 8 hours of their service interruption.

"Even when a hurricane does not make landfall in our territory, the associated tropical storm force winds, rain and flooding that often come with these massive systems can cause damage or interfere with restoration efforts," said Silagy. "We are on a peninsula in Florida with hundreds of miles of coastline. As much as we prepare, storms can damage power lines and equipment, causing outages."

FPL Received Mutual Assistance Twice During 2012 As part of mutual assistance agreements, FPL coordinates with other utilities to receive out-of-state support. These preparations, along with ordering restoration equipment and supplies and securing staging sites throughout Florida prior to hurricane season, enable the company to quickly deploy crews and equipment to storm-damaged communities.

FPL received mutual assistance from partnering utilities twice during 2012:
  • For Tropical Storm Isaac, FPL pre-staged almost 2,500 additional line personnel and electrical contractors from partner utilities as far north as Pennsylvania and as far west as Ohio to respond to Isaac. Fortunately, the storm's path did not directly impact Florida as many had predicted, but two days of heavy rain, flooding and high winds still caused significant damage.
  • For Hurricane Sandy, FPL secured more than 100 additional line workers from partner utilities in Florida, who joined the company's restoration effort along the entire east coast of Florida.

FPL Provided Mutual Assistance Twice During 2012Through the Southeast Electric Exchange, FPL offers mutual assistance to other utilities once the company is assured that customers in its service territory are no longer at risk of being impacted by a tropical system.

FPL provided mutual assistance twice to the northeast in 2012:
  • Super Derecho, July 2012 -- FPL sent 135 workers to Maryland to help restore power following the Super Derecho storm that impacted several mid-Atlantic states.
  • Hurricane Sandy, October 2012 -- FPL deployed nearly 1,000 employees and contractors – including material handlers and operations & logistics professionals – along with bucket trucks, tankers, fuel pumper trucks and other equipment to assist 11 utilities from Virginia to New Jersey to restore power and rebuild their electric systems following Sandy.

"We are committed to doing everything we can to help fellow utilities and their customers in their time of need, and we are grateful to receive assistance when we need it. The concept of mutual assistance is very important to our industry," said Silagy.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,757.84 +11.86 0.07%
S&P 500 2,113.52 +4.89 0.23%
NASDAQ 5,150.4390 +21.6540 0.42%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs