Nova Southeastern University Launches $50 Million Coral Reef Research Center in Hollywood, Fla.; saves thousands with FPL's Economic Development Rate

FPL offers discounts off its already-low business rates that are among the very lowest in the state and well below the national average as part of the company's ongoing effort to support Florida's future by helping businesses power economic growth.

Juno Beach, FL (September 28, 2012) -- Nova Southeastern University (NSU) opened its new $50 million Center of Excellence for Coral Reef Ecosystems Research, the largest facility of its kind in the country, on Sept. 27 in Hollywood, Fla.

The Center qualified for Florida Power & Light Company's specially discounted economic development rate new or expanding businesses that meet certain minimum requirements in terms of jobs created and added energy usage, which will save tens of thousands of dollars on electric bills over four years.

At a price tag of $50 million, the Center has created 22 new academic jobs and 300 construction jobs, and it will employ 50 graduate students as well as preserving 22 existing academic jobs.

"Reefs across the world are under extreme threat from both global and local stressors. Research is urgently needed for improved understanding, management, and conservation. Our research is funded by grants and contracts, and conducted in a state-of-the-art facility right here in South Florida," said NSU President George L. Hanbury II, Ph.D. "We are grateful for this discounted rate because savings in operational expenses translates into an increased ability to keep our tuition competitive for our students and conduct research activities that help benefit society."

Protecting coral reefs also helps to protect the livelihoods of thousands of South Floridians. Florida is home to 84 percent of the nation's reef ecosystems. These ecosystems contribute more than $6 billion annually to South Florida's economy and contribute to a total of roughly 71,000 tourism, government, academic and research-related jobs, according to NSU.

"We are very pleased that our economic development rate was able to help support NSU's efforts to grow their program and create jobs while also helping to protect the coral reefs that are crucial to the environment and Florida's economy," said Pam Rauch, FPL's vice president of development and external affairs.

FPL offers discounts off its already-low business rates that are among the very lowest in the state and well below the national average as part of the company's ongoing effort to support Florida's future by helping businesses power economic growth. Businesses eligible for FPL's economic development rate receive a discount on their standard base energy and demand charges over four to five years. Visit http://www.PoweringFlorida.com for more information.

For more information on the Center, visit http://www.nova.edu/ocean/excellence or contact Ken Ma, NSU associate director of public affairs, at ken.ma@nova.edu or 954-621-7961. For more information on how to support the Center, contact Wendy Wood-Derrer, NSU-OC assistant director of development, at wendyw@nova.edu or 954-262-3617.

About Florida Power & Light Company
Florida Power & Light Company is the largest electric utility in Florida and one of the largest rate-regulated utilities in the United States. FPL serves 4.5 million customer accounts in Florida and is a leading employer in the state with approximately 10,000 employees. The company consistently outperforms national averages for service reliability while customer bills are below the national average. A clean energy leader, FPL has one of the lowest emissions profiles and one of the leading energy efficiency programs among utilities nationwide. FPL is a subsidiary of Juno Beach, Fla. - based NextEra Energy, Inc. (NYSE: NEE). For more information, visit http://www.FPL.com.

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Visit http://www.PoweringFlorida.com for more information.

FRA Supports Kenya Campaign against Illegal Logging

A move in Kenya to strengthen laws that prohibit illegal logging has been praised by Forestry Research Associates (FRA). The Kenya Forestry services is arranging for timber and charcoal dealers across the globe to work together to outlaw the illegal practise. The Kenya Forestry Services Act stipulates that anybody engaging in cutting timber or burning charcoal unlawfully will be fined Kshs 50,000.

Seattle, United States, September 28, 2012 -- A move in Kenya to strengthen laws that prohibit illegal logging has been praised by Forestry Research Associates (FRA). The Kenya Forestry services is arranging for timber and charcoal dealers across the globe to work together to outlaw the illegal practise. The Kenya Forestry Services Act stipulates that anybody engaging in cutting timber or burning charcoal unlawfully will be fined Kshs 50,000.

FRA advocates sustainable forestry in all its forms and supports environmental conservation and the international requirement of ten per cent tree cover, which Kenya is working towards.

Africa has made great improvements in its green policies in recent times and this latest campaign encourages local people to work with Kenya Forest Services (KFS) and Community Forest Associations (CFA) to embrace conservation.

Busia County Forestry Services Coordinator James Were points out that the Forestry Act amendment of 2005 requires formation of registered groups to deal in charcoal and timber. "Anyone caught masquerading in the timber business without a license of origin from KFS, will face the law non-selectively," he said.

The Kenya government policy supports commercial forestry either by individuals or groups as long as green measures are adhered to. Timber investment is growing in popularity across the globe and FRA recommends sustainably managed plantations, such as the Greenwood Management scheme operated in Brazil.

Here, investors can strengthen their portfolio and snap up a piece of forestry land for as little as $10,000, which is a lot less than is involved when buying forestry independently. Greenwood manage these plantations and support the local community by offering jobs.

"Demand for timber is rising and this is an investment that can help you beat inflation," said FRA's analysis partner, Peter Collins. "Alternative investments are becoming more popular and the Kenyan government’s green policies prove that it is essential to work with companies that actively advocate sustainable forestry."

About Forestry Research Associates

Forestry Research Associates is a research and advisory consultancy that focuses on forestry management, sustainability issues and forestry investment around the globe.

Media Contact:
Peter Collins
Forestry Research Associates
620 Vineyard Lane
Bainbridge Island, WA 98110
(206) 316 8394