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Wed, 09 Aug 2006
FPL keeps showing up as a good alternative Energy play.
ow he thinks otherwise. Leuschen isn't turning his back on coal, which generates more than half the U.S. electricity supply. But his company, together with Florida Power & Light Co. (FPL ), owns one of the world's largest solar-power plants, in California's Mojave Desert. Investors in Riverstone's renewable-energy fund have been told to expect annual returns of 15% or so and perhaps much more, based largely on the fact that most alternative-energy producers are able to enter into long-term contracts with utilities, some lasting 15 to 20 years.
Posted 19:45

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