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          basis) of $430,432, $391,294, and $662 for equipment placed in              
          service in the 1988, 1989, and 1990 taxable years, respectively.            
          C.  Environmental Property                                                  
               As a utility company, FPL is subject to environmental                  
          regulations by Federal, State, and local governmental agencies,             
          including the Environmental Protection Agency (EPA), U.S. Coast             
          Guard, and the Florida Department of Environmental Protection.              
          Environmental regulations applicable to FPL relate to several               
          natural resources, including air, water, waste, animals, and                
          plants.  The purpose of environmental regulations, as applicable            
          to FPL, is to ensure that FPL generates, transmits, and                     
          distributes electricity in a manner that will protect human                 
          health and the environment.                                                 
               1.  Wastewater Neutralization Treatment System                         
               A wastewater neutralization treatment system treats the                
          wastewater coming from the mineralizer regenerate.  The                     
          mineralizer water is ultrapure water that is placed into the                
          boiler to generate the steam, which ultimately drives the                   
          generator to create electricity.  Wastewater is hazardous for               
          corrosivity.  FPL claims ITCs for the wastewater neutralization             
          treatment system in the 1988 and 1990 taxable years.                        
               FPL received temporary operating permits (TOPs) from the               
          State of Florida, Department of Environmental Regulation, for its           
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