Extended outage at Seabrook plant and poor wind resource will affect FPL Group's 2009 adjusted earnings
FPL Group is also continuing to experience a poor wind resource across its fleet of wind turbines. On its third-quarter earnings call, the company noted that it believed the wind resource was being affected by the El Nino weather pattern currently being experienced in North America. The wind resource has remained below expectations during the fourth quarter, with a quarter to date actual versus predicted output of approximately 81 percent, and is contributing to the company's reduced 2009 adjusted earnings expectations.
December 21, 2009
in Business Wire
FPL Group, Inc. (NYSE: FPL) said today that an extended outage at the company's Seabrook Station nuclear power plant and a continuing poor wind resource are exerting downward pressure on the company's expected 2009 adjusted earnings. In its third-quarter earnings call this year, FPL Group indicated that its revised 2009 adjusted earnings per share expectations were in a range of $4.10 to $4.20.
The Seabrook Station nuclear plant underwent a planned refueling outage in October. The outage included replacement of one portion of the steam turbine rotor, a non-nuclear plant component with no impact on nuclear safety. As the unit was... [continue via Web link]