7/5/2023 0 Comments Prosync nexteraenergy.comIn June 2005, FPL Energy, a subsidiary of FPL Group, acquired Houston-based Gexa Energy in June 2005 for $80.6 million. The companies terminated the merger in April 2001. In July 2000, FPL Group and Entergy Corporation announced plans to merge. The talks were terminated and the merger transaction was not consummated due to opposition from Iberdrola's board, according to news reports. In March 2000, FPL Group and Spanish company Iberdrola SA were reported to be in "extensive merger discussions". After that effort failed, FPL completed the purchase in 1999. It later went to court in an attempt to cancel the transaction, citing an adverse regulatory ruling on access to the electric transmission network. In January 1998, FPL Group announced that it would purchase 35 generating plants from Central Maine Power Company for $846 million. Politics ĭuring the 2016 Republican Party presidential primaries, NextEra Energy donated $1 million to a Super PAC supporting Jeb Bush's presidential candidacy. Nextera Energy is incorporated in Florida. At this time, the stock ticker symbol also changed from FPL to NEE. FPL Group changed its name to NextEra Energy Inc. in 1984, as part of efforts to diversify its business. It reorganized as the company FPL Group Inc. The predecessor company Florida Power & Light Company was founded in 1925. See also: Florida Power & Light § History The company ranked 167th on the 2018 Fortune 500 of the largest United States corporations by revenue. As of 2020, approximately 41% of NextEra Energy's generating capacity was from fossil fuels and non-renewables. In addition to wind and solar, NextEra Energy Resources owns and operates generating plants powered by natural gas, nuclear energy, and oil. NEER, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun. Its subsidiaries include Florida Power & Light (FPL), NextEra Energy Resources (NEER), NextEra Energy Partners, Gulf Power Company, and NextEra Energy Services.įPL, the largest of the subsidiaries, delivers rate-regulated electricity to approximately 5 million customer accounts, or an estimated 10 million people, across nearly half of Florida and is the third largest electric utility company in the United States. It is the largest electric utility holding company by market capitalization. is an American energy company with about 58 GW of generating capacity (24 GW of which were from fossil fuel sources ), revenues of over $18 billion in 2020, and about 14,900 employees throughout the US and Canada.
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