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Florida Power & Light Company (FPL), the principal subsidiary of NextEra Energy Inc. (formerly FPL Group, Inc.), is the largest power utility in Florida. [2] It is a Juno Beach, Florida -based power utility company serving roughly 5 million customers and 11 million people in Florida .
NextEra Energy traces its origins to 1925 with the formation of Florida Power & Light and the formation of FPL Group in 1984. [10] [11] The company purchased Colonial Penn in 1985 [12] and sold it in 1991. [13] In 1998, FPL Group created FPL Energy, a subsidiary to manage FPL Group efforts outside of FPL's service area. [12]
In 2022, Florida had a total summer capacity of 66,883 MW through all of its power plants, and a net generation of 258,910 GWh. [2] Florida is the third largest generator of electricity in the nation behind Texas and Pennsylvania. [3] Major producers include Florida Power & Light, Duke Energy, JEA, and TECO Energy.
Florida Power & Light customers will see higher electricity bills in the new year after regulators approved a rate increase for the utility in 2021.
FPL reached the four-year settlement in 2021 with the state Office of Public Counsel, which represents consumers in utility issues, and other parties including the Florida Retail Federation, the ...
South Florida finally felt a cool-down in October — upper 50s in Miami! And in June, the Florida Public Service Commission approved a $359 million reduction to FPL’s 2023 fuel costs.. That ...
FPL expects the $476 million [9] solar plant to reduce the combined-cycle power plant's natural gas consumption by 1.3 billion cubic feet (37 million m³) per year. [9] Over the 30-year life of the project, this is expected to save $178 million in fuel cost [ 10 ] and reduce carbon emissions by 2.75 million tons.
NextEra Energy Resources, LLC (NEER) is a wholesale electricity supplier based in Juno Beach, Florida. NEER is a subsidiary of NextEra Energy (NYSE: NEE), a Fortune 200 company. Prior to 2009, NextEra Energy Resources was known as FPL Energy. [2] NextEra Energy Resources is the world's largest operator of wind and solar projects.