Florida Power & Light Company

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Florida Power & Light (FPL) sheds extra light onto the Sunshine State. The company, a subsidiary of utility holding company NextEra Energy, serves some 4.5 million electricity customers in eastern and southern Florida. FPL has about 74,080 miles of transmission and distribution lines, as well as interests in fossil-fueled and nuclear power plants that give it a generating capacity of more than 23,720 MW. Natural gas accounts for the bulk of the power it generates; coal, only 5%. FPL has 110 MW of solar generated capacity, more than any other utility outside of California. FPL’s Energy Marketing and Trading unit purchases and sells energy commodities to wholesale customers.

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3.4

Overall Excellence Rating

Industry

Utilities

Category

Energy & Utilities

ESG/Ethical Impact

Florida Power & Light Company, as a major electric utility, has a significant environmental impact due to its role in electricity generation and distribution. The company’s environmental impact includes emissions of greenhouse gases, air pollutants, and the management of waste products, particularly in a state prone to hurricanes and climate-related challenges. FPL’s social impact centers on providing reliable and affordable electricity to its customers, especially in a region susceptible to extreme weather events. Ensuring the safety and reliability of its services is paramount for its social impact. The company can enhance its social impact by investing in infrastructure improvements to minimize power outages during storms, offering energy assistance programs for low-income customers, and actively engaging with communities through initiatives like job creation and educational programs. Strong governance practices are crucial in the utility industry, and FPL’s governance impact is central to its operations. Ensuring transparent financial reporting, maintaining ethical conduct in business activities, and adhering to regulatory standards are core aspects of their governance impact.

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Awards Received

2023

Revenues

$3,700,000,000.00

Website Traffic

Employee Rating

3.8

Customer Rating

3.6

Company Size

10000+

ESG Risk Rating

3

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