Who Owns Florida Power & Light?

FPL does not hold independently verified sustainability certifications such as B Corp status. The company's environmental performance is reported through NextEra Energy's corporate sustainability disclosures and SEC filings.

FPL operates over 40 utility-scale solar power plants across Florida with a combined capacity of approximately 5,000 megawatts. The company has installed over 10 million solar panels and aims to reach 30 million by 2030. These figures are reported by NextEra Energy in its annual sustainability report and have not been independently audited by a third party.

FPL's nuclear plants at Turkey Point and St. Lucie provide approximately 15% of its generation capacity. Nuclear power generates electricity without direct carbon dioxide emissions, but the plants produce spent nuclear fuel that is stored on-site. Turkey Point also uses a unique cooling canal system that has faced environmental scrutiny for elevated water temperatures and saltwater intrusion into the underlying aquifer.

FPL's generation mix is approximately 70% natural gas. While natural gas produces fewer carbon emissions than coal, it is a fossil fuel, and FPL's heavy reliance on it means the majority of its electricity generation produces greenhouse gas emissions. The company has no publicly stated target date for eliminating natural gas from its generation mix.

NextEra Energy has set a goal to achieve net zero carbon emissions by 2045, which includes FPL's operations. This target has not been independently verified by a third party and depends on future regulatory approvals, technology development, and market conditions.

$6.9 Billion Rate Increase (2025): In November 2025, the Florida Public Service Commission approved a $6.9 billion base rate increase over four years. The increase raised the typical residential customer's monthly bill by approximately $14 starting in January 2026. Consumer advocacy groups including the Florida Retail Federation and AARP opposed the increase, arguing that FPL's return on equity of 10.6% was excessive. The FPSC approved the increase with modifications, reducing FPL's requested amount by approximately $400 million.

Turkey Point Cooling Canal System (2015-present): FPL's Turkey Point nuclear plant uses a 168-mile network of unlined cooling canals rather than cooling towers. In 2015, a study by the University of Miami found that the canal system had caused hypersaline water to leak into the underlying Biscayne Aquifer, which supplies drinking water to South Florida. FPL agreed to monitor and address the issue under a consent order with the Florida Department of Environmental Protection. As of 2025, monitoring continues and FPL has implemented mitigation measures including a system to reduce canal salinity.

Political Contributions Controversy (2019): In 2019, reports revealed that FPL and NextEra Energy had contributed millions of dollars to political organizations supporting Florida state legislators and Public Service Commission members. The contributions were legal under Florida law but drew criticism from consumer advocates who argued that the FPSC, which regulates FPL's rates, should be insulated from utility political spending. No legal action was taken, and the contributions continue under Florida's campaign finance laws.

Voter Fraud Allegations (2020): In 2020, FPL's parent company NextEra Energy was linked to a voter fraud investigation involving consultants who allegedly manipulated a 2020 referendum on solar power policy in Florida. The consultants were accused of gathering fraudulent signatures to place a measure on the ballot that would have benefited FPL. NextEra denied direct involvement, and the case was resolved without charges against the company.