FPL Group, Inc. & Subsidiaries - Page 174

                                                - 59 -                                                  
                  The SJRPP agreement states in pertinent part:                                         
                              5.9  Commitments on Behalf of Co-Owner.                                   
                        5.9.1 Authority of Agents to Commit.  JEA shall                                 
                        have the authority to act as agent on behalf of                                 
                        FPL (i) to the extent actions are authorized                                    
                        * * *[63]                                                                       
                  According to a final cost report, as of September 30, 1993,                           
            the final cost totaled $860,703,589.96 for Unit 1,                                          
            $510,248,946.56 for Unit 2, and $60,227,555.61 for the coal                                 
            terminal.64                                                                                 
                  Numerous third parties contracted to provide materials,                               
            services, and other aspects of the construction of the SJRPP.                               
            Excavation for the construction of the SJRPP commenced in                                   
            December 1982, and the first concrete was poured in 1983.  The                              
            parties submitted into evidence a summary of third-party                                    


                  63 Mr. Reid explained his understanding of this provision                             
            as:                                                                                         
                  [the] JEA is the leading manager of the construction                                  
                  operation and maintenance and long term ownership of                                  
                  the facility and because of their contracting                                         
                  requirements was the lead manager of the facility of                                  
                  the construction and operation of the facility.  This                                 
                  section under the JOA states that [the] JEA, from * * *                               
                  [FPL’s] perspective, [the] JEA will have the authority                                
                  to act as agent on behalf of * * * [FPL] in all those                                 
                  * * * issues.                                                                         
            Additionally, Mr. Reid testified that the JEA and FPL managed the                           
            SJRPP project by committee, with two representatives from each                              
            owner serving as representatives.                                                           
                  64 Mr. Reid testified that the cost of Unit 1 far exceeded                            
            the cost of Unit 2 because the common facilities had to be                                  
            erected in time to support the first unit built.                                            




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