Florida Power & Light
 |
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| Subsidiary of NextEra Energy Inc. | |
| Industry | Electric Utilities |
| Founded | 1925 |
| Headquarters | Juno Beach, Florida, United States |
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Area served
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Florida |
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Key people
|
Eric Silagy (CEO) |
| Products | Electricity generation, transmission and distribution |
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Number of employees
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9,000 |
| Website | fpl.com |
Florida Power & Light Company (FPL), the principal subsidiary of NextEra Energy Inc. (formerly FPL Group, Inc.), is a Juno Beach, Florida-based power utility company serving roughly 4.8 million accounts and 10 million people in Florida. It generates, transmits, distributes and sells electric energy.
American Power and Light, a utility holding company, purchased electricity firms around Florida from March 1924 until December 1925 and tied them together as Florida Power and Light (FPL). The company was incorporated in December 1925. In January 1926, FPL replaced the Miami Beach Electric company. A 1926 hurricane caused damage to power lines through Miami, and FPL, through its parent company, repaired the damage and built two new generating plants. By spring 1927, FPL had 115,000 customers. In 1950, American Power and Light made FPL an independent public corporation that was listed on the in response to a Congressional act which limited utility holding companies. In 1984, the holding company FPL Group Inc. was formed.
FPL was the first non-Japanese company to win the Deming Prize for quality from the Union of Japanese Scientists and Engineers in 1989. In 1990, FPL purchased Georgia Power Company's plant near Atlanta.
Houston-based Gexa Energy was acquired by FPL in June 2005 for $80.6 million.
After the 2005 storm season which included hurricanes Katrina, Rita, and Wilma, FPL invested more than $2 billion in improvements to the electric grid against severe weather. The company strengthened poles and wires that served critical facilities in the service area.
In December 2005, FPL Group Inc., FPL's parent company, announced an $11 billion all stock acquisition of Constellation Energy Group based in Baltimore, Maryland. Constellation terminated the sale in October 2006 due to Maryland regulatory obstacles.
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Wikipedia