This booklet contains financial statements and statistics of the Florida Power Corporation consolidated with our subsidiary, the Georgia Power and Light Company. The comparative figures are from January 1, 1946 through December 31, 1955 which comprises ten full years of operation as an independent company.

One of the means of evaluating a new technology is to have it considered by a utility company, run through the system planning, and thus scrutinized by a potential user of the new technology in a manner directly drawn from the user's methods of decision making on new capacity additions. By having Florida Power Corporation (FPC), a company with real potential for the future use of ocean thermal energy conversion (OTEC), exercise its system planning methods to consider this possible source of future generating capacity, a number of highly useful results will be obtained. The overall study of the application of system planning to OTEC is being carried out in four tasks. This report covers task-1 which provides a description of the existing system and the planning process of Florida Power Corporation. (WHK).