ATLANTA -- Lake Worth, Fla.'s plan to sell its electric utility system has attracted a single bid, offering the city as much as $66 million if the privatization occurs, its financial adviser said Friday.

Juno Beach-based Florida Power & Light submitted the only bid by Lake Worth's Sept. 1 deadline, said James Lentz, the financial adviser. Lentz, who is also president of Capital Markets Consultants, noted that Florida Power presented the city with two purchase options.

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