Renewable Energy Power Agreement Reached by Rayonier and Florida Public Utilities Company
11 Outubro 2012 - 4:25PM
Business Wire
A renewable energy agreement between Rayonier Performance
Fibers, LLC and the Florida Public Utilities Company (FPUC) was
commemorated today at an event held at Rayonier’s Fernandina Beach,
FL mill. Attendees included Adam H. Putnam, Commissioner of the
Florida Department of Agriculture and Consumer Services, and other
dignitaries. Under the terms of the 10-year agreement approved by
the Florida Public Service Commission in July, Rayonier will sell
FPUC excess energy generated by a 22.5 mega-watt turbine generator
recently installed at its Fernandina mill.
Adam Putnam, Commissioner of the Florida
Department of Agriculture and Consumer Services, tours the new
turbine and generator at Rayonier's Fernandina Mill during the
event to commemorate the renewable power purchase agreement between
Rayonier and the Florida Public Utilities Company (FPUC). Pictured
from left to right are: Paul Boynton, chairman, president and CEO,
Rayonier, Putnam, and Jeff Householder, president, FPUC. (Photo:
Business Wire)
Seven years after investing nearly $30 million in a
biomass-fired power boiler at Fernandina, Rayonier installed the
new turbine generator at a cost of roughly $25 million. “This
project, which makes our Fernandina mill electrically
self-sufficient, is the culmination of our renewable energy
strategy for the performance fibers business,” said Rayonier
chairman, president and CEO Paul Boynton. “Our mill in Jesup, GA
now generates over 99% of its own power needs, primarily from
biomass.”
FPUC president Jeff Householder commented, “Our agreement with
Rayonier not only provides a local source of renewable energy
capable of powering over 1,200 homes, but also lowers our energy
costs. Those savings will be passed through to ratepayers in our
service territory.”
Commissioner Putnam, whose agency houses the State’s Office of
Energy, said, “One of the mandates of my agency is to foster
innovation in energy development while cost-effectively
diversifying our energy portfolio, and this contract does exactly
that. It means FPUC will now be able to offer electricity from a
renewable energy source, enhance system reliability, and save
customers over $1.2 million. I applaud Rayonier and FPUC for
providing multiple benefits to ratepayers as a result of this
agreement.”
About Florida Public Utilities Company
Florida Public Utilities Company is a wholly-owned subsidiary of
Chesapeake Utilities Corporation. Chesapeake Utilities Corporation
(NYSE:CPK) is a diversified utility company engaged in natural gas
distribution, transmission and marketing, electric distribution,
propane gas distribution and wholesale marketing, advanced
information services and other related services. Information about
Chesapeake's businesses is available at www.chpk.com. For further
information, please contact Bonnie Erdek at Florida Public
Utilities Company, 561.838.1766 or email nwflorida@fpuc.com.
About Rayonier
Rayonier (NYSE:RYN) is a leading international forest products
company with three core businesses: Forest Resources, Real Estate
and Performance Fibers. The company owns, leases or manages 2.7
million acres of timber and land in the United States and New
Zealand. The company's holdings include approximately 200,000 acres
with residential and commercial development potential along the
Interstate 95 corridor between Savannah, GA and Daytona Beach, FL.
Its Performance Fibers business is one of the world's leading
producers of high-value specialty cellulose fibers, which are used
in products such as filters, pharmaceuticals and LCD screens.
Approximately 45 percent of the company's sales are outside the
U.S. to customers in approximately 40 countries. Rayonier is
structured as a real estate investment trust. More information is
available at www.rayonier.com. For further information, please
contact Mike Bell at Rayonier, 904.321.5537 or email
mike.bell@rayonier.com.
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