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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.[3]: 5 It is a rate-regulated electric utility that generates, transmits, distributes and sells electric energy. In 2020, the company was ranked as the nation''s most reliable electric power utility for the fifth time in six years.[4]
In January 2021, Gulf Power Company was merged into FPL, extending the combined service territory into northwest Florida. Gulf Power operated as a separate division within FPL through 2021.[5]
The company continued to expand its customer base and generating power, and in 1950 became independently listed on the New York Stock Exchange.[9] Throughout the 1960s and 1970s, FPL built new power stations, including Florida''s first nuclear power plant at Turkey Point, which began operation in October 1972.[10] The company launched the Watt-Wise home energy audit program in 1978, designed to improve energy efficiency and reduce energy demand during peak demand.[11]
In 1984, FPL created the holding company FPL Group for acquisitions and the creation of companies.[9] FPL became the first non-Japanese company to win the Deming Prize for quality in 1989.[12]
In 1990, FPL Group began expanding its reach beyond Florida, purchasing a majority stake in a Georgia Power generation facility that year. Over the course of the next two decades, FPL expanded into the southern and eastern United States, creating a new holding group in 1998, FPL Energy, to manage the company''s efforts in electricity markets outside of FPL''s service area. It acquired a controlling stake in New Hampshire''s Seabrook Station Nuclear Power Plant in 2002 and acquired Texas-based Gexa Energy in 2005. The company also launched the telecommunications subsidiary FPL FiberNet during this time. FPL''s customer base reached 4 million in 2002.[9]
During the early 2000s, FPL began modernizing its power generation infrastructure, resulting in reduced emissions of flue gas, fuel costs, and oil usage; by 2013, the company was using fewer than 1 million barrels of oil annually.[13] In 2007, the company was the largest utility in Florida. That year, the Florida Public Service Commission rejected an FPL proposal to build a coal-fired power station near Moore Haven, Florida.[14]
At the end of the 2000s, FPL Group and FPL Energy rebranded and were renamed NextEra Energy and NextEra Energy Resources, respectively.[9]
In 2009, the company started installing smart meters, which communicate with FPL via radio transmissions and provide alerts for outages.[15] The same year, environmental activists camped near the Barley Barber Swamp in protest of the closure of the swamp to public access. The activists claimed FPL was draining the area; the company denied the allegations and said it was working with state and local officials to reopen the area to the public. Seventeen protesters were arrested for trespassing and resisting arrest during the demonstration.[16]
FPL built the first hybrid solar plant in the world in 2011, which combined solar thermal collectors with combined cycle natural gas generation. The plant, located in Martin County, Florida, had a generation capacity of 75 megawatts.[21] It was decommissioned in 2023.[22] By 2013, FPL owned $34.8 billion in assets and operated 23 plants that generated 24,000 megawatts of electricity.[23] As of 2014, the company had installed 4.9 million smart meters.[15][verification needed]
In March 2015, FPL launched a Power Delivery Diagnostic Center which uses smart grid technology to manage the electric system in order to maintain reliable service.[24]
In 2016, the company had about 74,000 miles (119,000 km) of power lines in Florida.[25]
In July 2022, FPL started charging ratepayers a $25 minimum bill. Under a minimum bill, customers are required to pay a certain amount to their utility provider each month, even if they do not use any electricity.[27]
Fuel source generation by type as of July 5, 2021.[28]: 10
Natural gas is the main fuel used by Florida Power and Light Company (FPL) to generate energy, and accounts for 78 percent of the company''s energy capacity mix. In 2020, eight percent of capacity was sourced from renewables, namely solar energy. FPL is the principal subsidiary of NextEra Energy. NextEra Energy and its other subsidiaries, particularly NextEra Energy Resources, have significantly different generation profiles.
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