Siemens to upgrade the turbine-generator units of two nuclear power plants in the U.S. Combined order value approximately USD250 million

(PresseBox) (Erlangen, Germany, ) Siemens Energy has received orders from Florida Power & Light Company, a subsidiary of FPL Group, Inc., one of the largest and fastest growing U.S. power companies, to refurbish and upgrade the turbine-generator units of its St. Lucie and Turkey Point nuclear power plants to increase power output. The order value for equipment and certain field installation services is approximately USD250 million. Additionally, Siemens was awarded a contract in June of this year to upgrade FPL Energy's Point Beach nuclear units in Wisconsin, valued at approximately USD90 million.

"Nuclear power makes up 20 percent of our U.S. energy mix today and will continue to play an important role in the energy mix of the future," said Randy Zwirn, CEO of the Siemens Energy Service Division. "The projects in Wisconsin and Florida have the potential to increase the installed capacity by approximately 570 MWe," added Zwirn.

"These projects will allow us to deliver additional clean, affordable energy to our customers. Adding the equivalent of a medium-sized power plant through efficiency improvements makes good business sense," said Art Stall, FPL Group executive vice president, nuclear division.

Siemens will upgrade turbine-generator equipment at Florida Power & Light Company's nuclear power plants in Florida at two sites, St. Lucie and Turkey Point. The two-unit St. Lucie plant, located between Ft. Pierce and Stuart on the east coast of Florida, utilizes two pressurized water reactors. The Siemens scope of supply for both units includes a new high-pressure (HP) turbine; two new low-pressure (LP) turbines; complete modernization of the generator, including a RIGIFLEX (TM) rewind of the stator; generator rotor rewind; refurbished exciter and certain field installation services. The capacity increase for St. Lucie is expected to be approximately 100 MWe for each St. Lucie unit.

The two-unit Turkey Point plant, located south of Miami, also utilizes two pressurized water reactors. For both units, Siemens will supply a new HP turbine; complete modernization of the generator, including a RIGI-FLEX(TM) rewind of the stator; new generator rotors; refurbished exciters and certain field installation services. The upgrades at Turkey Point are expected to result in approximately 100 MWe of new generation capacity for each Turkey Point unit.

Siemens was also awarded a contract by FPL Energy to upgrade the two-unit Point Beach nuclear power plant located near Two Rivers, Wisconsin, earlier this year. Siemens will provide the HP turbine upgrade; complete upgrade of the generator, including a RIGI-FLEX(TM) rewind of the stator; a new generator rotor; refurbished exciters and certain field installation services for both units. The upgrades are expected to add up to 85 MWe to the installed capacity of each Point Beach unit.

Siemens AG

The Siemens Energy Sector is the world's leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2008 (ended September 30), the Energy Sector had revenues of approximately EUR22.6 billion and received new orders totaling approximately EUR33.4 billion and posted a profit of EUR1.4 billion. On September 30, 2008, the Energy Sector had a work force of approximately 83,500. Further information is available at: www.siemens.com/energy.

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