Fla. Utility To Zap $200M Into Electric Grid

Law360, New York (March 1, 2012, 4:55 PM EST) -- Florida's largest electric utility is planning to spend more than $200 million over the next year upgrading its service grid against major storms and other disruptions, according to a filing with the state's Public Service Commission on Thursday.

The investment from Florida Power & Light Co. will be used to conduct pole inspections, system infrastructure hardening and other storm preparedness initiatives to ensure the grid can withstand a intense hurricane hit, the company said.

“We’re working hard to provide the best overall value of any electric...
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