Florida Power & Light demolished the Port Everglades Power Plant on Tuesday morning.
Four blue boilers landmark red-and-white smoke stacks were the last structures to go. Crews worked for months to demolish the aging facility.
FPL is replacing the plant with a state-of-the-art, high-efficiency power generating facility. It will burn natural gas, which FPL said is 35 percent more efficient and gives off less emissions.
"Every dollar we save in fuel is something that saves a dollar in customers' pockets," said Gregory Brostowicz with FPL. "It's a great thing for customers and it's a great thing for the environment, so it's a win-win."
FPL is fronting the $1 billion to build the new plant. Customers will likely see an increase in their base rates when the new plant goes online in 2016 to repay FPL for the capital investment.
But the company said over the 30-year life of the plant, the reduction in fuel charges will result in a net savings of $400 million for customers.
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