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Us Power Generating Company history
Us Power Generating Company company history timeline
Though several states had created regulatory bodies to oversee the activities of railroad companies--with Massachusetts' railroad commission created in 1869 being one of the most notable--few had the power to enforce their recommendations nor could they establish rates and fares.
The Power Plant had 37 MW power output, several hundreds times more powerful than Edison's Pear Station in 1882.
By 1882, he had developed such a system, and he installed the world's first central generating plant on Pearl Street in New York City's financial district.
However, complete system of generation and distribution had been required to spread out the technology. Thus, the history of United States Electricity starts by opening of the Pearl Street station in lower Manhattan at 1882 (operated by Tomas Edison's team). The station used one direct current generator (27 tons) and provide 100 Kw, enough to supply 1,200 bulbs.
In 1886 the first commercial AC (alternating current) power system in the United States was built.
When Samuel Insull arrived in Chicago in 1892, the town hosted more than twenty companies producing electricity.
Additionally, it had 25 miles transmission line at high-voltage (11,000 volts) to Buffalo city, ending era of DC. At 1896 the coal-plant efficiency slightly improved to 3.8% (93 kBTU/kWh). [2,5]
In 1896, for example, Edison competitor Westinghouse Electric built a system of water-turbine generators at Niagara Falls that produced power for transmission to Buffalo, 20 miles away.
A favorite holding company investment among many was the Electric Bond and Share Company, created by the General Electric company in 1905, to market the securities it acquired while selling equipment to utilities.
Successful in his efforts, Insull acquired 20 other utility companies by 1907 and renamed the firm "Commonwealth Edison." By that time, the company had already become known as one of the most progressive--and lowest cost--utilities in the world.
Gaining support from politicians and civic reform groups, state regulation of utilities became commonplace, such that by 1914, 43 more states followed the example of New York and Wisconsin by establishing government oversight of electric utilities.
The abuses of holding companies invited a six-year investigation pursued by the Federal Trade Commission beginning in 1928.
In 1930, his capital investment of $27 million allowed him to control electric companies and assorted other businesses in 32 states having assets of at least $500 million.
By 1932, only eight holding companies controlled almost three-quarters of the investor-owned utility business.
Campaigning for the presidency in 1932, Franklin Roosevelt lashed out against the "the Ishmaels and the Insulls, whose hand is against everyman's," and he vowed to reform the industry if he won election.
The modern gas combined-cycle power plant reached very high-efficiency (60% or 7 kBTU/kWh), 3 times more efficient than those in 1935.
Moreover, all interstate holding companies and practically all businesses that produced a substantial amount of electricity would be forced to register with the newly created (in 1935) Securities and Exchange Commission.
By 1940 the efficiency of electricity generation improved to significant 17% (21 kBTU/kWh).
1, 1944, Admiral W.R. Munroe, commandant of the Seventh Naval District of the United States Navy, presented FPL with the Citation for Meritorious Wartime Service.
The landscape of the utility industry remained fairly consistent since then: about 77% of generated kilowatt-hours were produced by investor-owned companies in 1970, while municipal and government utilities (and rural cooperatives) produced the remaining 23%.
By 1983, FPL had reduced its oil fuel power generation to 42 percent.
Since 2001, FPL Group had reduced its carbon-dioxide emission by 21 percent.
Moreover, Fukushima accident (2011) question the future of nuclear energy in the United States. [8,10] Last decade wind energy become very promising source of energy with 30GW installed capacity.
FPL’s St Lucie and Turkey Point nuclear power plants were recognized with the industry’s highest award for innovation – the Nuclear Energy Institute’s 2016 top innovation award.
NextEra Energy has gone on to receive the award 11 more times including in 2018.
FPL is in the midst of executing one of the largest solar expansions ever in the eastern United States with eight new solar energy centers brought online in 2018.
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