Florida Power & Light

NextEra Energy Florida Power and LightFlorida is home to four regulated, monopoly utility companies: Duke Energy, Tampa Electric, Southern Company’s Gulf Power, and NextEra Energy’s Florida Power & Light (FPL), which is the largest of the four. In the first quarter of 2016, FPL reported a net income of $393 million compared to $359 million for the prior-year quarter. The utility’s service territory covers the east coast of Florida and parts of the west coast south of Tampa Bay. The company serves more than 9.5 million customers through 4.8 million customers accounts and has a generating capacity of over 25,000 megawatts.

FPL’s energy portfolio is dominated by fossil fuels, specifically natural gas. The utility operates 70 fossil fuel units that make up 21,766 megawatts of the utility’s 25,254-megawatt generating capacity. In 2016, FPL had 110 megawatts of solar (0.1%) in its portfolio. By the end of 2025, FPL plans to have only 1% of solar.

Data from FPL's Ten Year Power Plant Site Plan submitted to the Public Service Commission in April 2016

Data from FPL’s Ten Year Power Plant Site Plan submitted to the Public Service Commission in April 2016

To view a pdf of this page click here.

'Hedging' Natural Gas Prices
Fracking Investments
Campaign Spending

Contributions to the Failed Anti-Solar Ballot Initiative

Lobbying Expenditures and Influence

Revolving Door

$1.3 Billion Rate Increase
Weakening Energy Efficiency Standards and Ending Solar Rebates

 

Recent Posts About Florida Power & Light

What’s next for solar in Florida after the Amendment 1 results?

How Florida votes on Election Day will determine whether Amendment 1 results in success for the utilities that have spent $20+ million backing this ‘deceptive’ attack on rooftop solar, or a David versus Goliath win for solar supporters. Regardless of […]

The Real Cost Shift: Utilities Force Customers to Subsidize Attacks on Rooftop Solar

Florida utilities are using customer money to subsidize the Edison Electric Institute’s misleading attacks on so-called “subsidies” for rooftop solar.

Florida Power Companies Continue To Spend Money Supporting Amendment 1 To Limit Solar

Florida’s four largest power companies have contributed over $20 million to the Consumers for Smart Solar campaign, also called Amendment 1.

Florida utilities silent amidst controversy over anti-solar Amendment 1

Deceptive Amendment 1 strategy defies utilities’ codes of conduct

Utility Funded Consumers for Smart Solar Ballot Approved by Florida Supreme Court

The Florida Supreme Court approved the utility-funded Consumers for Smart Solar ballot for the 2016 election.

“Hell to pay” if Trump targets EPA climate science, says U.S. Chamber official

A senior official with the U.S. Chamber of Commerce warned that if Trump tries to rescind the EPA’s endangerment finding for greenhouse gasses, it will be a “huge, huge buzzsaw”.

Florida utilities silent amidst controversy over anti-solar Amendment 1

Deceptive Amendment 1 strategy defies utilities’ codes of conduct

Funding to Consumers for Smart Solar for Amendment 1 as of Oct. 14, 2016

“Consumers for Smart Solar” behind Florida’s Amendment 1 collected only $10 from actual consumers

Florida’s “Consumers for Smart Solar,” the group behind the anti-solar Amendment 1, has collected only $10 from actual individual consumers. It has collected $22 million from electric utilities, fossil fuel companies and their front groups.

Consumer Energy Alliance, group behind fraudulent petitions and letters signed by dead people, releases anti-solar report

The Consumer Energy Alliance, a front group for fossil fuel companies and utilities, released a report last month attacking policies that support solar power.

EPA’s Clean Power Plan Opponents Led By Just A Few Power Companies

Recent investigations have revealed that some of the nation’s largest electric utilities, including the industry’s trade association, have quietly funded UARG to sue President Obama’s Clean Power Plan.

Southern Company’s Kemper Power Plant: Latest Utility Boondoggle at the Expense of Customers

Public frustrations of construction work in progress laws have not been limited to Mississippi. Utility companies throughout the country have been benefiting from this policy for years, and Kemper is just the latest example.

Yes on 1 for the Sun: The Anti-Solar Ballot Initiative from Utilities and Fossil Fuel Interests

The Koch Brothers and utility-funded Consumers for Smart Solar unveiled its amendment ballot campaign, Yes on 1 for the Sun, to restrict the solar market in Florida.

NextEra Energy Shareholder Resolution on Sea Level Rise Advances

Shareholders have proposed a resolution to NextEra Energy, Inc. that would require the corporation to report material risks and costs of sea level rise scenarios projecting forward to 2100.

Special Interests Behind Anti-Solar Ballot Initiative Consumers for Smart Solar

The utility-backed Consumers for Smart Solar would preserve the status quo, preventing homeowners or businesses from contracting with solar companies that can install solar for no upfront cost.

Floridians for Solar Choice Launches Ballot Initiative: Americans for Prosperity Stays Silent on the Issue

Update: On Wednesday, March 11, the Florida Chapter of Americans For Prosperity (AFP) held a press conference on the topic of solar energy. A reporter asked if the chapter was speaking against the ballot initiative, communications director Andres Malave said, “Absolutely not. […]

EEI President Says Energy Efficiency Is A Priority. Why Are His Members Then Working to Weaken State Efficiency Programs?

On Wednesday, Thomas Kuhn, president of the Edison Electric Institute (EEI), the trade association for investor-owned utilities in America, said, “energy efficiency is a priority for our business.” Kuhn continued by saying efficiency programs, “have been saving customers a lot […]

Florida Regulators Weaken Energy Efficiency Goals for Utilities

The Florida Public Service Commission voted today to gut the state’s energy efficiency goals by more than 90 percent for electric utilities (Duke Energy Florida, Florida Power & Light, Gulf Power Company, and Tampa Electric Company). Combined Residential & Commercial/Industrial Cumulative […]