FPL/Nextera 1st Semester Exam Part 1 Review

Flashcards for reviewing the FPL/Nextera Energy exam material.

Is FPL the largest electric utility company in the U.S. (retail electricity)?

True

Where are FPL/Nextera Energy headquartered?

Juno Beach, Florida

What is the parent company of FPL and NextEra Energy Resources?

Nextera Energy, Inc.

What is a purpose of the FPL/NEER partnership with Dwyer High School Academy of Finance?

Community involvement, introduction to real-world finance, high school and college internships.

What does the R.B. 'Rod' Adams Memorial Scholarship award to the winning team?

$2,000 per person

What is an important expectation of the students during the training/presentations and team time?

Focus and execution with undivided attention.

When is the tour of the FPL/NextEra Energy headquarters and site visit scheduled?

January 10, 2025

When is the final team presentation for the FPL/NextEra Solar Power Feasibility Project?

March 14, 2025

What is the weighting of the grading for the project?

Teacher's portion is 20%, FPL/NEER's team portion is 35%, and the judges portion is 40%.

Is there only one type of solar panel?

False

What does POI stand for in the context of this project?

Point of Interconnection

Is capacity measured in MWh (Megawatt hours)?

False

Is Consumption measured in MWh (Megawatt hours)?

True

How many Watts are in one Megawatt?

1,000,000

How do you calculate the number of hours in a year?

365 x 24

What does DC stand for as it pertains to this project?

Direct Current

What does AC stand for as it pertains to this project?

Alternating Current

What does an inverter do?

Converts the DC electricity generated by solar panels into AC electricity.

How is electricity generated and sold by a solar farm measured?

AC Megawatt hours of output

the Gross Capacity of a solar farm is equal to it's DC capacity

True

The number of hours the sun shines during the year divided by the number of hours in a year.

Gross Capactiy Factor

What factors influence a panel's Gross Energy Production?

All the above.

Gross Capacity Factor x Gross to Net Adjustment for various losses (this will be provided to you)

Net Capacity Factor

Gross Capacity Factor x Gross to Net Adjustment for various losses

Net energy Generation

Is an off-taker is a purchaser of electricity?

True

Is WACC the cost used to evaluate whether a project (solar farm) will likely be more profitable?

True

Are Purchase Power Agreements contracts called Energy Price Contracts that are typically entered into by an off-taker with a solar generator to purchase the solar farm's output?

True

If WACC < IRR then will the project (Solar Farm) likely be profitable?

True

What does Energy Generation x Energy Price equal?

Solar Plant Revenue

Which one of the following is included in Operating and Maintenance Expenses?

labor

Which one of the following is included in General and Administrative Expenses?

Headquarters Admin Salaries

Which one of the following is typically the highest expense as a % of gross expenses for the solar farm project?

Property Taxes

Total Solar Farm Revenue minus Solar Farm Expenses = ?

EBITDA

What does Energy Price x Energy Generation equal?

Revenue

Who is the customer or buyer of the electrical output?

Off-takers

What expense does a solar farm pay to landowners of the site, similar to rent?

Land Lease

Gross capacity, or Installed capacity of a solar farm (Example: 100 MW)

Nameplate capacity

What is the price paid to purchase the solar farm's output, referred to as?

Energy Price

What is Energy production before factors that influence the panel called?

Gross Capactiy Factor

What are non-operating related site expenses such as Insurance, Property Taxes, Bank Fees?

Non-Operating G&A Expenses

A megawatt is a unit for measuring power that is equivalent to one million watts

Megawatt Hour

What are Earnings Before Interest and Taxes?

EBIT

Electricity generated by a solar farm is measured in MWh

Energy Generation

What are Mostly fixed expenses that do not vary with generations?

Operating & Maintenance (O&M)

What is another term for the nameplate Capacity, or Installed Capacity, of a solar farm?

Gross Capacity

What is the contract between two parties, one who generates electricity and one who is looking to purchase it?

Purchase Power Agreements

What are Earnings Before Interest, Taxes, Depreciation, and Amortization?

EBITDA

Panel gross production less factors beyond management's control - degradation, soiling, curtailments, etc. 

Net Capacity Factor