Florida Public Utilities Co. strikes renewable energy deal with Rayonier

Seven years after investing nearly $30 million in a biomass-fired power boiler at Fernandina, Rayonier installed the new turbine generator at a cost of roughly $25 million

Jacksonville, Fla., October 12, 2012 — A renewable energy agreement between Rayonier Performance Fibers, and the Florida Public Utilities Co. was commemorated today at an event held at Rayonier's Fernandina Beach, Florida mill.

Attendees included Adam H. Putnam, Commissioner of the Florida Department of Agriculture and Consumer Services, and other dignitaries. Under the terms of the 10-year agreement approved by the Florida Public Service Commission in July, Rayonier will sell FPUC excess energy generated by a 22.5 MW turbine generator recently installed at its Fernandina mill.

Seven years after investing nearly $30 million in a biomass-fired power boiler at Fernandina, Rayonier installed the new turbine generator at a cost of roughly $25 million.

"This project, which makes our Fernandina mill electrically self-sufficient, is the culmination of our renewable energy strategy for the performance fibers business," said Rayonier chairman, president and CEO Paul Boynton. "Our mill in Jesup, GA now generates over 99 percent of its own power needs, primarily from biomass."

Florida Public Utilities Company is a unit of Chesapeake Utilities Corp. Chesapeake Utilities Corp. is a diversified utility company engaged in natural gas distribution, transmission and marketing, electric distribution, propane gas distribution and wholesale marketing, advanced information services and other related services.

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