UPDATE 1-FPL, Duke Energy to convert to electric vehicles


* Utilities to convert company vehicle fleets

* See all plug-in hybrid or electric by 2020

NEW YORK, Sept 24 (Reuters) - Two utilities, FPL Group Inc and Duke Energy Corp , said on Thursday they plan to convert all their company cars and trucks to plug-in hybrid or all-electric vehicles by 2020.

The joint commitment represents more than 10,000 vehicles and a $600 million investment for manufacturers to produce viable plug-in electric vehicles, the companies said in a statement at a Clinton Global Initiative meeting in New York.

They said the conversion has the potential to reduce greenhouse gas emissions by more than 125,000 metric tons over the next 10 years.

North Carolina-based Duke and FPL, which is headquartered in Florida, said their goal is for all new fleets to be plug-in electric vehicles (PEVs) or plug-in hybrid electric vehicles (PHEVs) by 2020.

"The more organizations that join this initiative, the more we can develop a sustainable transportation future," said Lew Hay, FPL Group chairman and chief executive. (Reporting by Steve James, editing by Gerald E. McCormick)



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