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The average price of electricity for residential use was 13.70 cents/kWh in February 2022, compared to 11.92 cents/kWh in February 2021. ... FPL 10-Year Plan ...
The energy sector had a rather pedestrian year in 2024. The average energy stock in the S&P 500 gained only 2% on the year, as measured by the return of the Energy Select SPDR ETF, well below the ...
The FPL Group Foundation, the company's philanthropic arm, donated $1 million to the Salvation Army in 2009 to help customers in danger of having service turned off pay their power bills. [24] The following year, FPL Group rebranded as NextEra Energy. At the time, it provided power in 28 states and Canada. [12]
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.
The price of natural gas, which is used to fuel power plants, has spiked in 2022. Fuel prices reached their highest point since 2008, a 75% markup from 2021. Fuel prices reached their highest ...
The cost to acquire natural gas, FPL's principal fuel source for its power plants, has doubled this year. The price for the most-traded contracts hit a 14-year high of $8.065 per million British ...
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. [9]
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