This project is an 8.8% ownership in St. Lucie Unit 2, an 838 MW nuclear power plant operated by Florida Power and Light. The plant is located at Hutchinson Island in southeast St. Lucie County. Other ownership interests include Florida Power and Light (85.1%) and Orlando Utilities Commission (6.1%).
The members of the St. Lucie Project are Alachua, Clewiston, Fort Meade, Fort Pierce, Green Cove Springs, Homestead, Jacksonville Beach, Kissimmee, Lake Worth, Leesburg, Moore Haven, New Smyrna Beach, Newberry, Starke and Vero Beach.
Operator: St. Lucie Unit 2 and its sister unit, Unit 1, are operated and maintained by Florida Power and Light, the plant’s majority owner.
Capacity: St. Lucie Unit 2 is capable of generating 838 Megawatts, enough to power approximately 160,000 homes.
Location: The plant is located in coastal southeast Florida in St. Lucie County.
Age and License: St. Lucie Unit 2 began operating in 1983. In 2003, the Nuclear Regulatory Commission extended the plant’s operating license by 20 years. It is now licensed to operate until 2043.
Fuel Diversification: Just as it is prudent for a person to have a diversified investment portfolio, utilities find it is best not to depend too heavily on one fuel source, but to have a diversified mix of power generation resources. When St. Lucie Project was formed in 1983, many municipal utilities were heavily dependent on oil as a fuel source for power generation, and St. Lucie added nuclear power to the mix.
Economies of Scale: Nuclear plants must be built at a large scale to be cost effective, and are typically too large for municipal utilities to build and operate on their own. Participation in the St. Lucie Project allows even small utilities to enjoy the economies of scale of a nuclear plant.
Zero Air Emissions: Nuclear energy is America’s largest source of emission-free electricity, producing no carbon dioxide or other air emissions.