Florida Power & Light Company - Power - Deals and Alliances Profile

 Published On: Aug, 2016 |    No of Pages: 107 |  Published By: GlobalData | Format: PDF
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Summary

Florida Power & Light Company (FPL), a subsidiary of NextEra Energy, Inc., is a vertically-integrated electric utility that generates, transmits and distributes electricity. The company generates electricity from diverse energy sources such as oil, natural gas, coal, nuclear and solar. The company also purchases power and capacity from non-utility generators and other utilities through long-term purchased power agreements to meet customer demand. FPL also carries out purchase and sale of wholesale energy commodities like natural gas, oil and electricity. It supplies to residential, commercial, industrial and wholesale customers, among others. The company also holds franchise agreements to supply electricity to various municipalities and counties of the Florida. It supplies electricity in most of the east and lower west coast regions of Florida. FPL is headquartered in Juno Beach, Florida, the US.

Florida Power & Light Company - Power - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Power eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company's (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company's operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents
Table of Contents 2
List of Tables 5
List of Figures 6
Florida Power & Light Company, Power, Deals By Year, 2010 to YTD 2016 7
Florida Power & Light Company, Power Deals By Type, 2010 to YTD 2016 8
Florida Power & Light Company, Power, Deals By Region, 2010 to YTD 2016 9
Florida Power & Light Company, Power, Deals By Sector, 2010 to YTD 2016 10
Florida Power & Light Company, Power, Deals Summary, 2010 to YTD 2016 11
Florida Power & Light Company, Power, Deal Details 12
Asset Purchase 12
Florida Power & Light Plans to Acquire Coal-Fired Plant in Florida, US from Calypso Energy for USD451 Million 12
Florida Power & Light Invests USD1.2 Billion in Port Everglades Next Generation Clean Energy Center in Florida, US 13
Florida Power & Light to Invest up to USD1.3 Billion in FPL Okeechobee Clean Energy Center in Florida, US 14
Florida Power & Light Completes Acquisition of Cedar Bay Generating Coal-Fired Power Project in Florida, US from The Carlyle Group for USD520.5 Million 15
Florida Power & Light Invests USD1.3 Billion for Riviera Beach Next Generation Clean Energy Center in Florida, US 16
Florida Power & Light Invests USD900 Million in Cape Canaveral Next Generation Clean Energy Center in Florida, US 17
Florida Power Invests US$2.2 Million In West County Energy Center In Florida, U.S. 18
FPL And Solid Waste Authority To Invest US$600 Million For Waste To Energy Facility In Florida, US 19
Florida Power & Light Receives Grant Of US$44 Million For DeSoto Next Generation Solar Energy Center In Florida, U.S. 20
Debt Offering 21
Florida Power & Light Raises USD600 Million in Public Offering of 3.125% Series Bonds Due 2025 21
Florida Power & Light Raises USD500 Million in Public Offering of 4.05% Bonds Due 2044 23
Florida Power & Light Completes Public Offering Of 3.25% Bonds Due 2024 For USD500 Million 25
Florida Power & Light Raises USD500 Million in Public Offering of 2.75% Bonds Due 2023 27
Florida Power & Light Raises USD400 Million in Public Offering of 3.8% First Mortgage Bonds Due 2024 29
Florida Power & Light Completes Public Offering Of 4.05% Bonds Due 2042 For US$600 Million 31
Florida Power & Light Completes Public Offering Of 4.125% Bonds Due 2042 For US$600 Million 33
Florida Power & Light Completes Public Offering Of 5.125% First Mortgage Bonds Due 2041 For US$250 Million 35
Florida Power & Light Completes Public Offering Of 5.25% First Mortgage Bonds For US$400 Million 37
Florida Power & Light Completes Public Offering Of 5.69% First Mortgage Bonds For US$500 Million 39
Florida Power & Light Company - Key Competitors 41
Key Employees 42
Locations And Subsidiaries 43
Head Office 43
Other Locations & Subsidiaries 43
Recent Developments 44
Aug 23, 2016: Major explosion at FPL substation in Miami-Dade, Florida 44
Jun 20, 2016: FPL announces plans to buy and phase out another coal-fired power plant, saving customers millions of dollars and preventing millions of tons of carbon emissions 45
Jun 20, 2016: FPL plan to improve conditions near Turkey Point's cooling canal system reaches important approval milestone with State 47
Jun 16, 2016: FPL launches innovative energy storage project in conjunction with White House summit on scaling renewable energy and storage 48
May 17, 2016: FPL proposes long-term plan that demonstrates hypersaline water will be drawn back to Turkey Point boundaries 50
Apr 29, 2016: Cutting-edge environmental modeling confirms FPL plan to improve groundwater salinity near Turkey Point's cooling canal system 51
Apr 27, 2016: FIU and FPL unveil new solar research facility 52
Apr 20, 2016: Florida court overturns Turkey Point expansion proposal 53
Apr 18, 2016: FPL reports progress and latest actions to improve Turkey Point cooling canal system water 54
Apr 11, 2016: FPL continues to advance clean, affordable, reliable power in Florida with commissioning of Port Everglades Next Generation Clean Energy Center 56
Mar 23, 2016: NRC Schedules Open House to Discuss Annual Assessment of Turkey Point Nuclear Plant 58
Mar 22, 2016: NRC Schedules Open House to Discuss Annual Assessment of St. Lucie Nuclear Plant 59
Mar 11, 2016: Turkey Point nuclear plant is pumping polluted water into Biscayne Bay 60
Feb 19, 2016: Florida Power & Light and Daytona International Speedway complete one of the largest solar power installations in U.S. professional sports 62
Feb 11, 2016: FPL breaks ground on three new solar power plants that will triple the amount of solar it provides its customers 63
Feb 02, 2016: FPL to reduce rates again in April in tandem with anticipated early completion of new fuel-efficient power plant at Port Everglades 65
Dec 08, 2015: Sentient Energy Signs Deal with Florida Power & Light to Deliver 20,000 Distribution Line Sensors 66
Nov 25, 2015: PSC Hearing for FPL Plant Need Determination on Tuesday 67
Nov 12, 2015: Daytona International Speedway and Florida Power & Light Company Offer Glimpse of Mega-Solar Installation 68
Oct 15, 2015: Nuclear Cost Recovery Hearing Set for Monday 69
Sep 16, 2015: FPL details progress on large-scale solar expansion 70
Aug 27, 2015: PSC Approves Cedar Bay Agreement between FPL and OPC 72
Aug 26, 2015: MIA launches massive Energy Saving Program by FPL Services 73
Aug 18, 2015: PSC Approves Stipulation Between Customer Representatives and Duke Energy Florida 74
Jul 21, 2015: Florida PSC Approves Utilities' Demand Side Management Plans 75
Jul 08, 2015: FPL Services Launches Another Massive Energy Conservation Installation At Miami International Airport 76
Jul 02, 2015: FPL announces plans to move forward with next major investment in continued modernization of its power plant fleet, building on successful strategy of advancing affordable clean energy in Florida 77
Jun 29, 2015: FPL's seven sizzling summer tips help customers save money and energy 79
Jun 22, 2015: Top electrical tips to make your summer safer 80
Jun 17, 2015: FPL's Eric Silagy appointed to U.S. Chamber of Commerce Board of Directors 81
Jun 04, 2015: FPL and FIU partner to build innovative solar research facility 82
May 13, 2015: FPL ranked national leader by customers in overall product experience 83
May 07, 2015: FPL unveils new technology, grid enhancements and storm preparations on 10-year anniversary of Hurricane Wilma 84
May 05, 2015: FPL announces first pre-qualified data center site in Miami at eMerge Americas 85
Apr 29, 2015: NextEra Energy, Inc. and NextEra Energy Partners, LP first quarter 2015 release 86
Apr 16, 2015: FPL's Nuclear Plants Boost Florida's Economy $1.4 Billion Each Year 89
Apr 16, 2015: FPL rate decrease approved by Florida PSC, reducing typical customer bill by about $3 a month 91
Apr 16, 2015: FPL's Nuclear Plants Deliver Florida Annual Economic Benefit of $1.4 Billion 92
Apr 15, 2015: Florida Power & Light Company employees simulate storm roles and response during first-ever "staging site" drill 93
Mar 25, 2015: FPL unveils new smart grid technology center - a state-of-the-art diagnostics hub for improving reliability 94
Mar 09, 2015: NRC Schedules Open House to Discuss Annual Assessment of St. Lucie Nuclear Plant 95
Feb 20, 2015: Florida Power & Light Company and Daytona International Speedway Announce Plans to Add Major Solar Installation to DAYTONA Rising Project 96
Feb 19, 2015: FPL funds $42,000 in grants to 46 teacher energy projects 97
Feb 09, 2015: U.S. Investor Owned Utilities Choose Silver Spring for Networked Street Lights 100
Jan 26, 2015: FPL announces plans to install more than 1 million solar panels at three additional solar power plants as part of continued strategy of advancing affordable clean energy in Florida 101
Jan 12, 2015: Broward County Residents and Business Go Solar With FPL Rebate and Florida Solar One 105
Jan 05, 2015: ASLB Schedules Oral Argument Session on Turkey Point Canal Temperature Issue 106
Appendix 107
Methodology 107
About GlobalData 107
Contact Us 107
Disclaimer 107

List of Tables
Florida Power & Light Company, Power, Key Facts, 2015 1
Florida Power & Light Company, Power, Deals Summary, 2010 to YTD 2016 1
Florida Power & Light Company, Power, Deals By Year, 2010 to YTD 2016 7
Florida Power & Light Company, Power Deals By Type, 2010 to YTD 2016 8
Florida Power & Light Company, Power, Deals By Region, 2010 to YTD 2016 9
Florida Power & Light Company, Deals By Sector, 2010 to YTD 2016 10
Florida Power & Light Company, Power, Deals Summary, 2010 to YTD 2016 11
Florida Power & Light Plans to Acquire Coal-Fired Plant in Florida, US from Calypso Energy for USD451 Million 12
Florida Power & Light Invests USD1.2 Billion in Port Everglades Next Generation Clean Energy Center in Florida, US 13
Florida Power & Light to Invest up to USD1.3 Billion in FPL Okeechobee Clean Energy Center in Florida, US 14
Florida Power & Light Completes Acquisition of Cedar Bay Generating Coal-Fired Power Project in Florida, US from The Carlyle Group for USD520.5 Million 15
Florida Power & Light Invests USD1.3 Billion for Riviera Beach Next Generation Clean Energy Center in Florida, US 16
Florida Power & Light Invests USD900 Million in Cape Canaveral Next Generation Clean Energy Center in Florida, US 17
Florida Power Invests US$2.2 Million In West County Energy Center In Florida, U.S. 18
FPL And Solid Waste Authority To Invest US$600 Million For Waste To Energy Facility In Florida, US 19
Florida Power & Light Receives Grant Of US$44 Million For DeSoto Next Generation Solar Energy Center In Florida, U.S. 20
Florida Power & Light Raises USD600 Million in Public Offering of 3.125% Series Bonds Due 2025 21
Florida Power & Light Raises USD500 Million in Public Offering of 4.05% Bonds Due 2044 23
Florida Power & Light Completes Public Offering Of 3.25% Bonds Due 2024 For USD500 Million 25
Florida Power & Light Raises USD500 Million in Public Offering of 2.75% Bonds Due 2023 27
Florida Power & Light Raises USD400 Million in Public Offering of 3.8% First Mortgage Bonds Due 2024 29
Florida Power & Light Completes Public Offering Of 4.05% Bonds Due 2042 For US$600 Million 31
Florida Power & Light Completes Public Offering Of 4.125% Bonds Due 2042 For US$600 Million 33
Florida Power & Light Completes Public Offering Of 5.125% First Mortgage Bonds Due 2041 For US$250 Million 35
Florida Power & Light Completes Public Offering Of 5.25% First Mortgage Bonds For US$400 Million 37
Florida Power & Light Completes Public Offering Of 5.69% First Mortgage Bonds For US$500 Million 39
Florida Power & Light Company, Key Competitors 41
Florida Power & Light Company, Key Employees 42
Florida Power & Light Company, Subsidiaries 43

List of Figures
Florida Power & Light Company, Power, Deals by Type, 2010 to YTD 2016 1
Florida Power & Light Company, Power, Deals By Year, 2010 to YTD 2016 1
Florida Power & Light Company, Power, Deals By Region, 2010 to YTD 2016 1
Florida Power & Light Company, Power, Deals By Sector, 2010 to YTD 2016 1
Florida Power & Light Company, Power, Deals By Year, 2010 to YTD 2016 7
Florida Power & Light Company, Power, Deals by Type, 2010 to YTD 2016 8
Florida Power & Light Company, Power, Deals By Region, 2010 to YTD 2016 9
Florida Power & Light Company, Power, Deals by Sector, 2010 to YTD 2016 10


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