FPL Group Company Description
For a Florida company without any oranges, FPL Group produces a lot of juice. It has operations across the US, including an independent power production business, but most of its revenues are produced by its utility subsidiary, Florida Power & Light (FPL). FPL distributes electricity to 4.5 million customers and about 25,000 MW of generating capacity from interests in nuclear and fossil-fueled power plants. Subsidiary FPL Group Capital owns nonutility businesses, including NextEra Energy Resources, an independent power producer and wholesale energy marketer. Subsidiary FPL FiberNet leases wholesale fiber-optic capacity to telephone, cable, and Internet providers; it operates a 2,745-mile network.
View the Comprehensive Company Description for FPL Group
The Company Description provides a historical perspective of FPL Group's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of FPL Group's evolution in the marketplace.
