Tuesday, October 28, 2008

Ill Wind: FPL Cites Bad Third-Quarter Breezes

How long before there is futures contract on wind? This news might make Boone Pickens a bit nervous.

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clipped from blogs.wsj.com

FPL Energy, the biggest U.S. renewable-energy operator, said wind conditions in the third quarter were the worst it has seen since starting a wind-power database in the early 1970s. Electricity generated by FPL’s wind farms—esecially in prime wind-power country like Texas and the Great Plains—came in well below the expected output. FPL’s Texas wind generation, for example, was just 72% of expected output in the quarter—and just 53% in September.

Granted, variable wind is just that. FPL enjoyed a better-than-average second quarter of wind, and for the year the company’s wind-power operations have generated 98% of the juice they expected.

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