Your Portal for Key Energy Information and Research

Florida Power & Light Company (FPL)

Company Summary

Description

Florida Power & Light Company is the third-largest electric utility in the United States, serving approximately 4.9 million customer accounts or an estimated 10 million people across nearly half of the state of Florida. FPL's typical 1,000-kWh residential customer bill is approximately 25 percent lower than the latest national average and, in 2016, was the lowest in Florida among reporting utilities for the seventh year in a row. FPL's service reliability is better than 99.98 percent, and its highly fuel-efficient power plant fleet is one of the cleanest among all utilities nationwide. The company received the top ranking in the southern U.S. among large electric providers, according to the J.D. Power 2016 Electric Utility Residential Customer Satisfaction Study(SM), and was recognized in 2016 as one of the most trusted U.S. electric utilities by Market Strategies International. A leading Florida employer with approximately 8,900 employees, FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE), a clean energy company widely recognized for its efforts in sustainability, ethics and diversity, and has been ranked No. 1 in the electric and gas utilities industry in Fortune's 2017 list of "World's Most Admired Companies." NextEra Energy is also the parent company of NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun.

Website

https://www.fpl.com/

Operational Regions

  • Southeast

Related Entities

Firm Transport Commitments

Project: Sabal Trail Transmission Phase I
Firm Commitment: 400,000 Dth/d

Project: Florida Southeast Connection
Firm Commitment: 400,000 Dth/d Firm Commitment: 200,000 Dth/d

Recent news

  • 9/27/2023 - NextEra Selling Florida... (subscriber access)
  • 7/27/2023 - Florida Power & Light... (subscriber access)
  • 4/26/2023 - Florida Power & Light... (subscriber access)
  • 3/2/2023 - FPL Files to Reduce... (subscriber access)
  • 1/24/2023 - Florida Power & Light... (subscriber access)

Company Transactions

Date: 9/1/2018
Type: Acquisition

NOTES:
Florida Power & Light reported that they are progressing on the planned purchase of all assets of the City of Vero Beach's municipal electrical system. This deal would be the first privatization of a vertically integrated municipal utility in over 25-years.
REGIONS:
  • Southeast