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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 .
NextEra Energy traces its origins to 1925 with the formation of Florida Power & Light and the formation of FPL Group in 1984. [10] [11] The company purchased Colonial Penn in 1985 [12] and sold it in 1991. [13] In 1998, FPL Group created FPL Energy, a subsidiary to manage FPL Group efforts outside of FPL's service area. [12]
"Progress Rail" traces its roots to a recycling company founded in Albertville, Alabama, United States in 1982. [4] With the merger of Progress Rail's owner Florida Progress Corporation and Carolina Power & Light Company in 2000, it became owned by the new entity Progress Energy .
Florida Power & Light customers will see higher electricity bills in the new year after regulators approved a rate increase for the utility in 2021.
With a new federal law providing tax breaks for renewable energy, Florida Power & Light on Friday asked state regulators to approve a plan that would pass along an estimated $384.1 million in ...
In 2000, Carolina Power & Light bought Florida Power Corporation and changed its name to Progress Energy. Progress Energy represents a family of companies, including CP&L, Florida Power, Progress Telecom, NCNG and SRS, and an important new organization, Energy Ventures. The company built a new headquarters in downtown Raleigh in 2004. [3]
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