Dec 22, 2020StrategicPlan
BoardLakeland Electric Plan 2024
This document announces Lakeland Electric's strategic decision to shutter its coal-powered McIntosh Unit 3 by March 31, 2021, citing declining efficiency and operational risks. It outlines the utility's "NextGen plan" to modernize its power generation portfolio by 2024, which includes adding natural gas-powered engines, increasing solar power, and implementing battery storage. The plan aims to achieve a 67% reduction in carbon emissions since 2001, ensure long-term financial stability with a projected rate increase by 2023, and continue providing affordable, dependable, and sustainable electric power to its customers.