FPL rate decrease approved by Florida PSC, reducing typical customer bill by about $3 a month
Apr 16, 2015

FPL's typical bill approximately 30 percent lower than the national average

Apr 16, 2015

BEACH, Fla., April 16, 2015 /PRNewswire/ -- Florida Power & Light Company (FPL) announced today that the Florida Public Service Commission has approved the utility's request to reduce customer rates thanks to savings on fuel costs. Beginning May 1, 2015, the rate decrease will cut about $3.00 a month off a typical 1,000-kWh residential customer bill.

www.FPL.com.

With this latest rate decrease, FPL's typical residential bill is approximately 30 percent lower than the latest national average. FPL's typical bill has been the lowest in Florida for more than five years in a row.

"This is another example of our successful strategy of investing in affordable clean energy technology and the benefits that it delivers to all of our customers each and every day," said Eric Silagy, president and CEO of FPL. "Our customers are paying less for their electricity than they were all the way back in 2006, and our system gets cleaner every day. We're proud to say that not only are we 30 percent cheaper than the national average, but our carbon emissions rate is also 35 percent cleaner."

The rate decrease approved today means that, starting in May, FPL's 1,000-kWh bill will be more than 10 percent lower than it was in 2006, nearly a decade ago.

Individual electric bills vary depending on electricity usage. FPL residential customers can calculate their estimated savings by entering their monthly electricity usage into the online calculator at FPL.com/lowerbills.

 

FPL's Typical 1,000-kWh Residential Customer Monthly Bill

Current Bill

April 2015

Beginning

May 2015

Bill Decrease

$100.12

$97.11

$3.01/month savings

Note: Bill totals include the state's standard gross receipts tax but do not include any local taxes or fees that vary by municipality.

 

FPL business customers will also see a rate reduction – with typical business customer bills decreasing in the range of approximately 3 to 6 percent compared with current rates, depending on rate class and type of service.

FPL has been aggressively phasing out older, less-efficient fossil fuel plants since 2001 and replacing them with high-efficiency natural gas energy centers that use one-third less fuel per megawatt-hour. To date, these investments have prevented more than 85 million tons of carbon emissions – the U.S. Environmental Protection Agency-equivalent of removing more than 16 million cars from the road annually – and saved FPL customers more than $7.5 billion on fuel costs.

FPL.com's advanced energy tools can help customers save even more
FPL's Online Home Energy Survey can help customers reduce their bills further with personalized energy-savings plans, tips and recommendations. The survey is integrated with a customer's individual FPL Energy Dashboard – which is updated automatically with hourly, daily and monthly energy usage data, monthly bill amounts, local temperature readings and more – so tracking and managing energy costs is easier than ever. Customers can visit FPL.com/easytosave to learn more.

Florida Power & Light Company
Florida Power & Light Company is the third-largest electric utility in the United States, serving more than 4.7 million customer accounts across nearly half of the state of Florida. FPL's typical 1,000-kWh residential customer bill is approximately 30 percent lower than the latest national average and, in 2014, was the lowest in Florida among reporting utilities for the fifth year in a row. FPL's service reliability is better than 99.98 percent, and its highly fuel-efficient power plant fleet is one of the cleanest among all utilities nationwide. The company was recognized in 2014 as the most trusted U.S. electric utility by Market Strategies International, and has earned the national ServiceOne Award for outstanding customer service for an unprecedented 10 consecutive years. A leading Florida employer with approximately 8,700 employees, FPL is a subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc. (NYSE: NEE), a clean energy company widely recognized for its efforts in sustainability, ethics and diversity, including being ranked in the top 10 worldwide for innovativeness and community responsibility as part of Fortune's 2015 list of "World's Most Admired Companies." NextEra Energy is also the parent company of NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun. For more information, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.

Cautionary Statements And Risk Factors That May Affect Future Results

This news release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy, Inc. (together with its subsidiaries, NextEra Energy) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NextEra Energy's control. Forward-looking statements in this news release include, among others, statements concerning future operating performance. In some cases, you can identify the forward-looking statements by words or phrases such as "will," "may result," "expect," "anticipate," "believe," "intend," "plan," "seek," "aim," "potential," "projection," "forecast," "predict," "goals," "target," "outlook," "should," "would" or similar words or expressions. 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