Saturday, November 1, 2014

Big news about FPL

Selling our utility seems more like a pipe dream now. The focus is getting our rates equal to FPL and part of that will include reducing the contribution the utility makes to the general fund. Here is FPL and their parent company's third quarter report for 2014. Click title for link.
Customer growth and capital investments helped drive Florida Power & Light Co.’s profits for the third quarter, as the average number of customer accounts increased by 82,000 to 4.7 million.
Profits for both FPL and its parent company, NextEra Energy (NYSE:NEE) rose for the quarter ended Sept. 30.
FPL’s net income grew 9 percent to $462 million and $1.05 per share from $422 million and 99 cents per share for the same quarter a year ago.
FPL has 110 megawatts of solar-generated power operating in Florida and wants to do more. Although utility-scale solar projects are not generally cost-effective, the company believes it can bring three roughly 75 megawatt solar photo-voltaic projects into service by 2016, Dewhurst said.
The solar projects’ costs would not be added to customer base rates until after the four-year agreement expires in 2016.

1 comment:

Diesel Protocol Specialist Thad Hormone said...

Time to change the oil in the 60 year old diesel units...