The CEO Power Forum: Not all utility CEOs are created equal...
Lewis Hay III
Chairman, President and CEO, FPL Group
"I think fuel mix is a question that every CEO of a utility in America is struggling with right now. There are not a lot of good alternatives for us."
Public Utilities Fortnightly How would you characterize the wind business? Why is this business attractive to FPL and how does it compare to other utility businesses?
Lewis Hay III This is an area where there is still a tremendous amount of demand and therefore growth. We haven't seen in the last few years too much demand for generation because of the over-building that occurred in the late 1990s and the early 2000 period of time. But even though there hasn't been demand for traditional generation, with more than 16 states having passed renewable portfolio standards, we're seeing a lot of demand for renewable energy. We believe wind energy is far and away the most economic of the alternatives.