Report shows half of Program revenue spent on renewable energy and solar projects;
Marketing costs were less than $1.50 per FPL customer since 2004
Austin, Texas -- Green Mountain Energy Company this week made good on its commitment to cooperate with the
Florida Public Service Commission’s (FPSC) review of Florida Power & Light’s (FPL) Sunshine Energy® program
(Program). Green Mountain released a comprehensive report on its revenue and expenses for the voluntary green
power program. Green Mountain also shared confidential financial records with a team of FPSC auditors at the
company’s Austin, Texas headquarters. The detailed report is available upon request.
“Green Mountain delivered on its commitment to cooperate with the Commission, just as we delivered on our contract
with FPL to support its Sunshine Energy Program over the last five years,” stated Paul N. Markovich, senior vice
president of Residential Services for Green Mountain Energy Company. “This is the first time that we have been able
to tell our story directly to the Commission about how our revenues and expenses for the Sunshine Energy Program
were spent.”
The purpose of the report is to help the Commission understand how Green Mountain fulfilled its contract to supply
and market the Sunshine Energy Program for FPL. The report also describes in detail how the successful marketing of
the Program created customer demand for more than 1.2 million megawatt hours (MWh) of renewable energy and over
450 kilowatts (kW) of new solar projects in Florida, including building the largest solar electric array in Florida, the
250 kW FPL Sunshine Energy Solar Array at Rothenbach Park in Sarasota.
"Green Mountain respects the fact that Florida's renewable energy policies are changing. FPL’s Sunshine Energy
Program offered a voluntary green power option for those customers who wanted one. The Program provided
residential customers an affordable and convenient way to offset their carbon footprint through the purchase of RECs,”
continued Markovich. “FPL's Sunshine Energy Program advanced the green power movement in Florida by helping
avoid more than one billion pounds of CO2 emissions through customer participation, by bringing about more than 450
kW of new solar electric power in the state and by supporting new renewable generation in Florida.”
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Green Mountain Audit Report – Continued
Green Mountain Report Highlights
► Green Mountain’s obligations were defined by its contract with FPL and Green Mountain met (or exceeded)
all of its obligations.
► Sunshine Energy customers not only got what they were promised – renewable energy credits and solar
development – but they got it at a price that was less than half of the national average price per kWh for utility
green power programs. Additionally, most other green power programs only go towards the purchase of
REC’s and do not include a solar component like the Sunshine Energy Program.
► FPL’s Sunshine Energy product is priced lower than other Florida utility green pricing program offers.
► Green Mountain invested $13.3 million in the Sunshine Energy Program and was only paid $11.3 million by
FPL.