Florida 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.
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