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Florida Power Corp. (FLPW P) is in the Energy Industry

Revenue
Dec 31 2007
$4.7B
Profit
Dec 31 2007
$317.0M
Market Cap
Jul 14 2008
$6.4K

Latest News and Analysis

  • PSC Approves FPL Mid-Year Fuel Adjustment

    JUNO BEACH, Fla. -- Florida Power & Light Company today received Florida Public Service Commission PSC approval to adjust the pass-through fuel surcharge on customers' bills and recover $746 million in unanticipated fuel costs. Dramatic increases in world oil and natural gas prices made it necessary for the company to...

    Articles 2008-07-01

  • Industrial Project Spending in Florida Set for $8 Billion in 2008, an Industrial Info News Alert

    Researched by Industrial Info Resources(Sugar Land, Texas) -- In Florida, industrial firms are evaluating morethan $8.7 billion worth of capital and maintenance spending projectsscheduled to begin construction in 2008. Of that total, 17 projectstotaling $2 billion have been identified as already having startedconstruction this year. Construction began...

    Articles 2008-06-27

  • FPL Announces Plans for New Solar Energy Generation, Including World's Largest Photovoltaic Solar Project and First Solar Thermal 'Hybrid' Energy Center

    MIAMI -- Florida Power & Light Company, a subsidiary of clean energy leader FPL Group, Inc. (NYSE:FPL), today announced new solar energy projects that include the world's largest photovoltaic solar plant and first "hybrid" energy center, coupling solar thermal technology with an existing combined-cycle generation unit. "Pending regulatory...

    Articles 2008-06-25

  • Fitch Rates FPL Group Capital Debentures 'A'

    NEW YORK -- Fitch Ratings has assigned an 'A' rating to FPL Group Capital Inc's Group Capital $250 million issuance of 5.35% debentures, series due June 15, 2013 and $250 million floating rate debentures, series due June 17, 2011. The Rating Outlook is Stable. Proceeds from the issuance will be...

    Articles 2008-06-12

  • Fitch Rates Progress Energy Florida's $1.5B 1st Mtge Bonds 'A+'

    NEW YORK -- Fitch has assigned a rating of 'A+' to the two series of new first mortgage bonds issued by Florida Power Corporation (d/b/a Progress Energy Florida; PEF). The new issues consist of a 5.65% $500 million bond that matures June 15, 2018 and a 6.40% $1 billion first...

    Articles 2008-06-11

  • Dramatic Increases in Fuel Costs Compel FPL to Ask for Fuel-Adjustment Increase

    JUNO BEACH, Fla. -- Dramatic increases in the cost of fuel, reflecting a worldwide trend in oil and natural gas markets, have required Florida Power & Light Company to propose to the Florida Public Service Commission PSC an increase in the pass-through fuel charge that will raise residential customer bills...

    Articles 2008-06-03

  • Fitch Affirms Progress Energy & Subsidiaries; Outlook Stable

    NEW YORK -- Fitch has affirmed the ratings of Progress Energy, Inc. (NYSE: PGN) and subsidiaries, Carolina Power and Light Company PEC and Florida Power Corp PEF. Approximately $10.2 billion of debt and preferred securities are affected by today's rating actions. The Rating Outlooks are Stable. A list follows below....

    Articles 2008-05-29

  • Florida Power & Light Company Installing Nation's Most Technologically Advanced Network of 'Smart Meters' From Silver Spring Networks

    JUNO BEACH, Fla. -- Having successfully tested an initial 50,000 new 'smart meters' earlier this year, Florida Power & Light Company recently began deploying a second 50,000 units to its customers in Broward County, Fla. Powered by technology from Silver Spring Networks SSN, a leading provider of real-time...

    Articles 2008-05-27

  • PowerGenix Targets HEV Market With More Powerful NiZn Battery

    Smaller, Lighter NiZn Rechargeable Battery Offers Power and Mileage Advantages for Automotive Applications TAMPA, Fla. -- PowerGenix, manufacturer of safe, non-toxic, rechargeable nickel-zinc NiZn batteries, announced it will unveil its rechargeable D-Cell battery pack for hybrid electric vehicles HEVs this week at the Advanced Automotive Battery and Ultracapacitor...

    Articles 2008-05-12

  • FPL Tests Its Readiness for Storm Season with 'Hurricane Beta'

    JUNO BEACH, Fla. -- It's been almost two and half years since Hurricane Wilma made landfall, the last of seven storms to hit Florida Power & Light Company's service territory in a 15 month period. Yet every year the company prepares for storm season as if the next Wilma could...

    Articles 2008-05-08

  • Florida power reinforces its faith in wind

    FPL Energy - a Florida power utility with an installed base of gas, nuclear and wind - has ordered 218 Siemens wind turbines to be installed at several wind farms across the U.S. for delivery in 2009. FPL is the largest operator of wind farms in the U.S. with 56...

    Articles 2008-05-01

  • FPL Group Announces Strong First Quarter Earnings for 2008

    JUNO BEACH, Fla. -- FPL Group, Inc. (NYSE:FPL): NOTE TO EDITORS: This news release reflects the earnings report of FPL Group, Inc. Reference to the corporation and its earnings or financial results should be to "FPL Group" and not abbreviated using the name "FPL" as the latter is...

    Articles 2008-04-30

  • FPL Announces Proposal to Modernize Riviera and Cape Canaveral Power Plants to High-Technology Next Generation Clean Energy Centers

    JUNO BEACH, Fla. -- Florida Power & Light Company (NYSE:FPL) announced today a proposal to modernize its power plants at Riviera Beach and Cape Canaveral to high-efficiency natural gas units employing the latest technology, a move that will save customers hundreds of millions of dollars and significantly improve the environmental...

    Articles 2008-04-30

  • Expert Group, Inc. Welcomes Two New Loan Officers

    Expert Group Inc. (PINKSHEETS: EXPT) is proud towelcome two new Loan Officers to the Expert Family. We would like to welcome Miguel Acosta & Julieta Rodriguez as a great powerteam. Miguel & Julieta have over 3 years experience in the mortgageindustry and have worked for top mortgage companies here in...

    Articles 2008-04-24

  • FPL Petitions Florida Public Service Commission for Approval of Additional Generation at West County Energy Center

    JUNO BEACH, Fla. -- Florida Power & Light Company (NYSE:FPL) petitioned the Florida Public Service Commission today for approval to build an additional clean-burning natural gas unit at the company's West County Energy Center in Palm Beach County, where two units are already under construction. "The addition of...

    Articles 2008-04-08

  • Incorporated: 1899
  • CEO: Mr. Jeffrey J. Lyash

Florida Power is an operating public utility engaged in the generation, purchase, transmission, distribution and sale of electricity in Florida. At Dec 31 2006, Co. had a total summer generating capacity (including jointly owned capacity) of 8,913 MW. The service territory covers approximately 20,000 square miles and includes the populated areas around Orlando, as well as the cities of St. Petersburg and Clearwater. Co. is interconnected with 22 municipal and 9 rural electric cooperative systems. At Dec 31 2006, Co. was providing electric services, retail and wholesale, to approximately 1.6 million customers.

Key Competitors

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Florida Power Corp. Company Info

Board of Directors

Mr. Robert B. McGehee

Chairman

Mr. H. William Habermeyer Jr.

Mr. Peter M. Scott III

Mr. Fred N. Day IV

Mr. William D. Johnson

Mr. Jeffrey J. Lyash

Mr. John R. McArthur

Contact Information

299 First Avenue North

St. Petersburg, FL

http://www.fpc.com

727 820-5151

NAICS Code

Electric Bulk Power Transmission and Control: 221121
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