Business mix
- It operates through Florida Power & Light Company (FPL) and NEER segments. The company generates electricity from wind, solar, nuclear, natural gas, and other clean energy assets.
- It also invests in generation, storage, transmission, and distribution facilities; owns, develops, constructs, manages, and operates generation facilities.
- As of December 31, 2025, the company had approximately 35,963 megawatts of net generating capacity; approximately 93,000 circuit miles of transmission and distribution lines; and 932 substations.
- It serves approximately 12 million people through approximately 6 million customer accounts on the east and lower west coasts of Florida.
Current key questions
- Can rate-base growth, allowed returns, and demand support earnings in utilities - regulated electric?
- How do regulation, fuel costs, interest rates, and capital spending affect customer bills and returns?
- Does the balance sheet support required infrastructure investment and dividends?
