Company Overview of Florida Power & Light Company
Florida Power & Light Company, a rate-regulated electric utility, engages in the generation, transmission, distribution, and sale of electric energy in Florida. It primarily generates electricity from natural gas, and nuclear and solar energy. As of December 31, 2014, the company had a generating capacity of 25,092 megawatts. It serves approximately 4.7 million customer accounts in Florida. The company was incorporated in 1925 and is based in Juno Beach, Florida. Florida Power & Light Company operates as a subsidiary of NextEra Energy, Inc.
700 Universe Boulevard
Juno Beach, FL 33408
Founded in 1925
Key Executives for Florida Power & Light Company
Chief Executive Officer, President and Director
Vice Chairman, Chief Financial Officer, Executive Vice President of Finance and Director
Chairman, Chairman of Nextera Energy Inc, Chief Executive Officer of Nextera Energy Inc and President of Nextera Energy Inc
Chief Nuclear Officer and President of Nuclear Division
Chief Accounting Officer, Vice President and Controller
Compensation as of Fiscal Year 2014.
Florida Power & Light Company Key Developments
Florida Power & Light Company Announces the Launch of its New, High-Tech Power Delivery Diagnostic Center
Mar 25 15
Florida Power & Light Company (FPL) announced the launch of its new, high-tech Power Delivery Diagnostic Center, which is designed to leverage advanced smart grid technology to better manage the electric system and deliver reliable service that ranks among the best in the nation. FPL is investing in smart grid technology and using predictive analytics to deliver real-time data to engineers in its diagnostic center. Engineers, in turn, analyze the data to measure and improve the performance of the electric grid. Customer benefits of a smarter grid: Improved overall service reliability " increased reliability by more than 20% in the last five years; Enhanced detection and prevention of outages; Reduction in the length of outages; Faster repairs and more accurate time estimates for service restoration; Keeping customer bills low " by reducing operating costs and increasing efficiencies; Unprecedented customer control over energy usage " customers with activated smart meters can see their energy use by the hour, day and month on their "Energy Dashboard". Smart meters help FPL run its operations more efficiently, delivering more than $30 million in operational savings in 2014 alone " savings that help FPL keep bills low for customers. More savings come from a reduction in the number of times FPL crews have to make trips into the field to perform work " 170,000 fewer field visits through 2014. Customers also benefit from faster, more convenient service connection and disconnection when opening or closing accounts.
FPL Plans To Acquire Coal-Fired Power Plant
Mar 10 15
Florida Power & Light Company (FPL) filed a petition with the Florida Public Service Commission to request approval to acquire a power plant that it has had under a long-term contract to purchase power since 1988.
Florida Power and Light Co Files a Petition with the Florida Public Service Commission to Request Approval to Acquire a Power Plant
Mar 6 15
Florida Power and Light Co has filed a petition with the Florida Public Service Commission to request approval to acquire a power plant that it has had under a long-term contract to purchase power since 1988. Upon taking ownership of the Cedar Bay Generating Plant, a 250-megawatt coal-fired facility located in Jacksonville, Fla., FPL plans to immediately terminate the contract and reduce the plant's operations by 90%, with the intention of eventually phasing the plant out of service.
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