FP&L to request rate hike Sep 3, 2008
FP&L Co. is a subsidiary of FPL Group (NYSE: FPL). Shares of the parent company were down 98 cents to $59. (South Florida Business Journal, FL)
Steven Milloy: Nuclear's Wake-Up Call Aug 15, 2008
Companies like Exelon, FPL Group and NRG Energy, for example, helped the greens form the U.S. Climate Action Partnership (USCAP) a coalition of big businesses and green groups that has been leading the charge on Capitol Hill for global warming regulation ... Instead, these groups are happy to exploit the influence and resources of the likes of Exelon, FPL Group and NRG Energy to promote global warming regulation, but then feel no compunction about trying to tear down the partners it exploited. (Fox News)
Lights Out For Utes? Aug 12, 2008
One potential bearish bet within the sector that has caught my attention is FPL Group (nyse: - - ) ... Elsewhere, we find that Consolidated Edison (nyse: - - ) is in a very similar boat to FPL Group. (Forbes -- Markets)
Nukes Need Money Aug 7, 2008
Southern, FPL Group (nyse: - - ), Dominion Resources (nyse: - - ), Duke Energy (nyse: - - ) and Entergy (nyse: - - ) have capitalizations in the $20 billion to $30 billion range. Of major firms in the industry, only Exelon is significantly bigger, at about $49 billion. (Forbes -- Business)
Your views: Letters to the editor Aug 3, 2008
Why doesn't the Florida Public Service Commission and the FPL group visit the nuclear power utilities in France with cameras to verify they are supplying electric power to the entire country at a profit without smoke, CO2 pollution or dependency on oil. Then return to Florida and tell FPL, it's OK to start moving. (Florida Today)
FPL releases Q2 earnings Aug 1, 2008
FPL Group's (NYSE: FPL) regulated utility subsidiary, , reported second quarter net income of $217 million, or 54 cents a share, basically flat the with $211 million, or 53 cents a share, reported for the prior-year quarter ... the competitive energy subsidiary of FPL Group, reported second quarter net income of $3 million, or a penny a share, down from $203 million, or 51 cents a share, in the prior-year quarter ... FPL Group also reaffirmed its 2008 and 2009 adjusted earnings per share... (South Florida Business Journal, FL)
FPL Group profit drops 48 percent Jul 31, 2008
Higher energy prices cut FPL Group profit 48 ... Higher energy prices cut FPL Group profit 48 ... JUNO BEACH Profit at FPL Group Inc. (NYSE: FPL) dropped 48 percent during the second quarter as the value of energy contracts at its alternative-power subsidiary dropped, the company said this morning. (The Palm Beach Post)
Florida Power & Light Company Selects SunPower to Build Largest Solar Photovoltaic Power Plant in United States Jul 13, 2008
Florida Power Company is a subsidiary of FPL Group (NYSE: ), the world's largest producer of electricity from renewable energy sources. The installation will include a 25-megawatt power plant in DeSoto County, Fla. (PR Newswire)
FPL Unveils Plans for Three Florida Solar Plants Jun 27, 2008
MIAMI - FPL Group Inc unveiled plans Wednesday to build 110 megawatts of solar-power generating plants in Florida as part of a long-term goal to ramp up its renewable energy portfolio, the company's chief executive said. The new plants would take FPL more than a third of the way to a goal announced last year to build a total of 300-MW of solar capacity in Florida, and the company is more bullish than ever on the prospects for solar, Chief Executive Lew Hay told Reuters in an interview. (Planet Ark, United States)
Pollution control will cost consumers Jun 23, 2008
Florida Power and Light, which has made hefty investments in wind and solar power with partner FPL Group, supports federal lawmakers putting a price on carbon, so long as it doesn't hurt consumers, spokesman Mayco Villafana said. Para said JEA supports helping the environment, but will continue to lobby for lawmakers to understand the complications of compliance. (Florida Times-Union)
Stage II predicaments Jun 17, 2008
5bn, American Express $500 million, Duke Energy $500 million, FPL Group $500 million, Sotheby's $500 million, Sempra Energy $500 million, and Union Electric $450 million. Junk issuers included Sequa Corp $500 million, and Targa Resources $250 million. (Asia Times Online)
US Wind Sector Urges Tax Credit, Power Line Work Jun 3, 2008
Recognizing that renewable power may be more expensive than conventional electricity because of its intermittent nature is another major challenge for the industry moving forward, said Michael O'Sullivan, senior vice president for FPL Energy LLC, a unit of FPL Group, the largest operator of US wind farms. "If people want renewables, they have to decide to pay for it," O'Sullivan said. (Planet Ark, United States)
FPL projects to harness solar energy Jun 3, 2008
Juno Beach-based FPL Group Inc. owns both Florida Power & Light and FPL Energy. The Florida utility has been inspired by FPL Energy's success, and it wants to launch more renewable-energy projects in Florida, FPL President Armando Olivera said during a recent interview with the editorial board of The Palm Beach Post. (The Palm Beach Post)
Senate bill shows obstacles to capping greenhouse gases Jun 2, 2008
It is also backed by companies such as General Electric and Alcoa and utilities such as Exelon, PG&E, the FPL Group, and Public Service Enterprise Group. Energy companies that favor a cap-and-trade system for greenhouse gas emissions contend this version is the wrong one and will cost consumers too much. (Boston Globe)
Solar thermal getting its day in sun May 29, 2008
-based FPL Group Inc. running seven. They have combined capacity of 354 megawatts, enough to power 230,000 Southern California homes. (AZCentral -- Business)
CEO pay picture murkier than ever May 26, 2008
The calculations for FPL Group Chairman Lew Hay III likewise varied widely. The Associated Press and Equilar tallied his compensation at $10. (The Palm Beach Post)
FPL warns customer bills may rise May 22, 2008
4 Million in 2007 As Company's Profit, Shares Rise NEW YORK (AP) -- The chairman and chief executive of FPL Group Inc. got a 4 percent pay raise in 2007, a year in which the utility operator's profits and share price each rose sharply. Lewis Hay earned $10. (The Palm Beach Post)
America's Bosses Bet On Clinton May 17, 2008
After his convincing victory in North Carolina, Barack Obama is now the presumptive Democratic nominee. In terms of delegates and the overall popular vote, the math favors. (Forbes -- Business)
Like alternative-energy stocks? Get ready for financial gusts May 2, 2008
Another wind play: FPL Group , a Florida-based utility that has wind projects in Texas, Minnesota and North Dakota. The company owns 4,016 megawatts of wind capacity. (USA Today -- Money)
A Wind Power Windfall? Apr 23, 2008
(First Solar, Vestas, Gamesa, Nordex, FPL Group, General Electric, Clipper, Ameron, American Superconductor, New Alternatives Fund) at SmartMoney ... The problem is that few U.S.-based companies produce wind power and those that do are either part of huge conglomerates, such as General Electric () or FPL Group (), or are privately-held ... DS: It will be a good idea if American companies like the [FPL Group] spun off their renewable energy divisions. (SmartMoney)
Management First Dividend Stocks Apr 7, 2008
I see that you like FPL Group (Florida Power ). What's the attraction. (Forbes)
FPL applies to build California solar plant Mar 31, 2008
FPL Energy is a subsidiary of Juno Beach-based FPL Group (NYSE: FPL). FPL Group has customers in all of the counties of Northeast Florida except Duval. (Jacksonville Business Journal, FL)
Solar farms to rise on Calif. rooftops Mar 29, 2008
Solar thermal plan in desertOn Wednesday, Florida-based FPL Group Inc, the nation's largest generator of wind and solar power, announced it planned to build a 250-megawatt solar thermal plant in California's Mojave Desert. The company's proposed Beacon Solar Energy Project would involve more than 500,000 parabolic mirrors assembled in rows on 2,000 acres in the Mojave Desert north of Los Angeles. (MSNBC -- Environment)
March winds blow wind farm into Story County Mar 28, 2008
"FPL Group is the parent company with two subsidiaries," Wells said. "They include Florida Power and Light, which can only do business in Florida, and FPL Energy, which can do business everywhere except Florida.". (Mid Iowa Enterprise, IA)
Project could position Florida to export solar power Mar 6, 2008
Ausra is the company hired by Florida Power & Light Co., a subsidiary of Juno Beach-based FPL Group, to build the world's largest solar power plant somewhere in Florida in the next decade. Ausra and FPL currently are working on a pilot project, a 10-megawatt solar thermal facility at an existing power plant. (Tampa Bay Business Journal, FL)
FPL Says Human Error Main Factor in Florida Blackout (Update2) Mar 1, 2008
Feb. 29 (Bloomberg) -- FPL Group Inc., owner of Florida's largest electric utility, said human error was the primary factor responsible for blackouts in the state on Feb. 26. A field engineer had been diagnosing a switch that malfunctioned at the Flagami substation in west Miami, the Juno Beach, Florida-based company said today in a statement. (Bloomberg)
Massive Power Outage Hits Millions In Florida Feb 27, 2008
Some sort of "disturbance" in the power grid forced the Turkey Point nuclear plant in south Florida to go into an emergency shutdown, said a spokeswoman for FPL Group Inc, the main energy provider in the area. Other power companies were also affected as the outage spread sporadically but extensively up the Florida peninsula as far north as Tampa on the Gulf of Mexico. (Planet Ark, United States)
ANALYSIS - Nuclear Industry Eyes Oversupplied US South Feb 25, 2008
FPL Group's Florida utility told regulators its two-reactor expansion plan could cost from $12 billion to $16 billion, nearly double other company estimates from last year ... The Southeast is home to some of the most politically powerful utilities in the country, including Atlanta-based Southern Co, Charlotte, North Carolina-based Duke Energy, Juno Beach, Florida-based FPL Group and New Orleans-based Entergy, all of which operate nuclear plants and have indicated they may expand that capacity. (Planet Ark, United States)
FPL Group CFO to leave Feb 17, 2008
His position is to be filled by Armando Pimentel, who was senior partner at Deloitte & Touche and had previously served as senior engagement partner for Juno Beach-based FPL Group. FPL Group (NYSE: FPL) said Dewhurst plans to undertake an extended ocean sailing venture ... "Moray has played an important role in helping us to achieve the great success we have enjoyed over the past several years, and he has been a trusted and valued counselor to me personally," FPL Group Chairman and Chief... (South Florida Business Journal, FL)
Super Mistake: Duke Energys Global Warming Strategy Feb 12, 2008
FPL Group, another USCAP member utility, feels companies like Duke Energy should pay more for carbon allowances because it is among the biggest polluters. FPL wants to be rewarded for its investment in wind energy. (Townhall.com)
FPL Group Q4 earnings down, revenue up Jan 29, 2008
Members: Not Registered. for free extra services. (South Florida Business Journal, FL)
Businesses want a say in global-warming bill Jan 22, 2008
The U.S. Climate Action Partnership which includes U.S. automakers, other big manufacturers such as Alcoa and Caterpillar Inc. and energy companies such as FPL Group, Duke Energy and PG&E Corp. supports a cap and trade system, but its members have questions about key elements, such as how emissions could be offset and how much they'd have to pay for the allowances. "In the last year there's been a sea change" in business thinking on a mandatory federal emissions policy, said Truman Semans, the... (Anchorage Daily News)
Final Phase of Colorado Wind Farm Powers Up Jan 7, 2008
The largest US wind farm is the 735-MW Horse Hollow project in Texas owned by FPL Energy, a unit of FPL Group. Babcock Wind Partners fund (BBW) is the managing member and operator of Cedar Creek. (Planet Ark, United States)
Alternative Energy Jan 6, 2008
Last October, after oil crossed the 90 a barrel threshold, Post writer Hilary Kramer picked four stocks likely to benefit from rising oil prices - Apache Corp., FPL Group, BJ Services and Sunpower Corp.. If you would've invested 1,000 in each company at that time you would today be sitting on a nest egg of 4,596. (New York Post -- Business)
US market sinks over recession fears Jan 5, 2008
Power company FPL Group Inc rose 2. 8 percent to $68. (Sydney Morning Herald -- Business)
Getting Eclectic In Utilities Jan 1, 2008
There, you like FPL Group, the leading producer of wind power in the U.S.. The U.S. has probably the best wind growth profile compared with Europe, which is further ahead. (Forbes)
This was the year companies adopted green Dec 30, 2007
FPL Group, the Juno Beach, Fla. -based utility, announced plans to invest $2. (Atlanta Journal-Constitution)
State took new role in '07 on energy Dec 30, 2007
FPL Group Chief Executive Lew Hay III carved out a portion of the Fortune 250 company's annual shareholders meeting in May to talk about climate change and testified before Congress in June on placing a fee on carbon as the way to get industries to clean up. FPL Group also joined the U.S. Climate Action Partnership - a consortium of 10 businesses and four clean-energy groups - to push for a cap-and-trade system for carbon emissions. (The Palm Beach Post)
FERC petitioned to look at rates Dec 19, 2007
4 billion purchase of Constellation by FPL Group Inc. of Juno Beach, Fla. Similar doubts halted the sale of Public Service Enterprise Group Inc. of Newark, N.J., to Exelon Corp. of Chicago for $18 billion. (Sunspot.net -- Business)
Can anti-warming plan overcome poor record? Dec 16, 2007
Can anti-warming plan overcome poor record. - 12/16/2007 - MiamiHerald. (The Miami Herald)
When Loyalty Pays Off Dec 14, 2007
Does Staying Loyal to a Manager Pay Off. Sign up now for FREESmartMoney. (SmartMoney)
FPL seeks OK for solar project in Stuart Dec 13, 2007
FPL, a division of Juno Beach-based FPL Group Inc., said in September it wanted to build a 10-megawatt project somewhere in Florida as a prelude to the 300 megawatts of solar power, which would provide electricity to about 45,000 homes. At the time, FPL said it would use solar-thermal technology made by Ausra Inc., a Palo Alto, Calif. (The Palm Beach Post)
Allco Proposes Offshore R.I. Wind Power Projects Nov 28, 2007
The state paid for the study with money from a surcharge on electric bills and a grant from the nation's biggest wind power company FPL Energy, a subsidiary of FPL Group Inc, of Juno Beach, Florida. The governor's chief energy advisor, Andrew Dzykewicz, Commissioner of the Rhode Island Office of Energy Resources, who has been working with local stakeholders to determine the best sites, has said the state hopes to start its own permit application process by the end of the year. (Planet Ark, United States)
Entergy bets on investor interest in nuke spinoff Nov 22, 2007
National City's Halloran said he saw merger-minded companies such as FPL Group or Constellation Energy as more likely candidates. Both Exelon and FPL Group told Reuters they would look at the new company because of its attractive nuclear assets, but added that any offer would depend on the price tag. (San Diego Union-Tribune -- Business)
Climate-Change Legislation Proving Vain Pursuit as Lobbies Roil Congress Nov 19, 2007
FPL Group Inc., Florida's biggest utility owner and one of the nation's biggest investors in wind power, says the measure awards too many free allowances to the largest polluters. Juno Beach, Florida-based FPL has asked that any legislation also give it credit for its investments in non-polluting energy production. (Bloomberg -- UK)
Power Companies Focus on Clean Deals Nov 19, 2007
Houston-based Dynegy Inc and Florida's FPL Group Inc have recently targeted acquisitions that would provide fuel or geographic variety. In addition to diversification, deals that bulk up a company's balance sheet may also be attractive due to the increased costs associated with cleaner energy. (Planet Ark, United States)
Gold Led Sectors In Oct., Trailed By Resources Nov 6, 2007
FPL Group () rose more than 12. The Florida utility is the largest wind energy business in the U.S.. (Investors Business Daily)
Getting Warmer Nov 2, 2007
He's talking mainly about the United States Climate Action Partnership, a broad coalition of conglomerates, environmental organizations and businesses including DuPont (nyse: - - ), ConocoPhillips (nyse: - - ), FPL Group (nyse: - - ) and Ford Motor Co. (nyse: - - ). Last week the group sent a letter to Lieberman and Warner, generally voicing support for their proposal. (Forbes -- Business)
Kathleen Pender: Try big U.S. firms for exposure abroad Oct 31, 2007
Tuesday, October 30, 2007. Kathleen Pender Archive. (San Francisco Chronicle)
Macquarie group to buy utility Puget Energy Oct 27, 2007
State regulators also foiled the planned link-up of FPL Group Inc and Constellation Energy Group as well as Exelon Corp's planned purchase of New Jersey's Public Service Enterprise Group Inc.. The consortium is led by Macquarie Infrastructure Partners, the Canada Pension Plan Investment Board and British Columbia Investment Management Corp, the company said in a statement. (San Diego Union-Tribune -- Business)
Foil Pricey Oil Oct 21, 2007
FPL Group (FPL): FPL, a Florida utility, is also in the vanguard of power companies using renewable energy, and has invested heavily in wind, solar, and waste to energy. 90 is my price target for the next twelve months. (New York Post -- Business)
FP&L bonds rated AA- Oct 11, 2007
FPL Group has customers in 26 states. Last month, officials announced FPL would decrease customer rates by nearly 1 percent starting in January. (Orlando Business Journal)
Wind making strides for energy Oct 7, 2007
"The returns are outstanding," said Timothy O'Brien, co-founder and managing director of the Evergreen Utility and Telecommunications Fund, which owns 632,355 shares of FPL Group, FPL Energy's publicly traded parent company in Juno Beach ... Early last month, FPL Group's chief financial officer said the amount that FPL Energy contributes to FPL Group's quarterly earnings is likely to surpass that of its primary subsidiary and Florida's largest utility, Florida Power & Light Co., by 2012. (The Palm Beach Post)
FP&L sells $300M in bonds Oct 5, 2007
Shares of FP&L parent company FPL Group (NYSE: FPL) closed up 7 cents to $62. 26. (Jacksonville Business Journal, FL)
Florida Gov. Might Allow New Coal Power Plants Oct 4, 2007
In June, the Florida Public Service Commission denied a proposal by FPL Group Inc's Florida Power Co. subsidiary to build a US$5. 7 billion, 1,960 MW coal-fired power station in Glades County. (Planet Ark, United States)
PG&E expands solar commitment Oct 3, 2007
On Sept. 26, FPL Group, which owns Florida Power & Light Co. announced plans to invest up to $1. 5 billion in new solar thermal generating facilities in Florida and California over the next seven years, including plans by Florida Power & Light Company. (East Bay Business Times, CA)
Nevada could get huge solar thermal plant Oct 2, 2007
Also last week, San Francisco-based Pacific Gas and Electric pledged to buy 1,000 megawatts of solar power over the next five years, and Florida-based FPL Group Inc. said it would develop plants that would produce another 500 megawatts of solar-thermal power. advertisement. (MSNBC -- Environment)
Solar industry: Keep tax breaks for consumers Sep 29, 2007
-based FPL Group Inc. and Florida Gov. Charlie Crist announced that FPL will invest up to $1. 5 billion in solar generating plants. (Atlanta Journal-Constitution -- Business)
Plan Presented For Green Power Plant in Nevada Sep 29, 2007
Also Thursday, San Francisco-based Pacific Gas and Electric pledged to buy 1,000 megawatts of solar power over the next five years, and Florida-based FPL Group said it would develop plants that would produce another 500 megawatts of solar-thermal power. O'Donnell said a key reason for Nevada being considered by Ausra is a plan by Nevada-based Sierra Pacific Resources to build a cross-state power transmission line at a cost of nearly $600 million. (KRNV.com, NV)
Clean energy pledges could impact Nevada Sep 28, 2007
It's renewable, clean, reliable and affordable (BusinessWeek)
Plans call for world's largest solar-power plant to be built in Florida Sep 27, 2007
FPL Group Inc.'s announcement came in New York City, where its CEO locked arms with an outspoken critic, Gov. Charlie Crist, as well as former President Clinton. Related links. (Orlando Sentinel -- Opinion)
Clinton, Crist Announce FPL Solar Power Plant Sep 27, 2007
The utility is owned by FPL Group Inc. It is also planning to spend $500 million over the next six years to provide 4. 3 million customers with smart meters that will help reduce energy use, Clinton said. (News4Jax.com, FL)
FPL subsidiary to sell more debt Sep 12, 2007
The bonds will be fully and unconditionally guaranteed on a subordinated basis by FPL Group Capital's parent company, FPL Group (NYSE: FPL). Monday, FPL Group Capital said it would in Series D junior subordinated debentures ... FPL Group's shares closed up 72 cents to $60. (South Florida Business Journal, FL)
Day 4: Prevention toutedas the solution Sep 12, 2007
At Juno Beach-based FPL Group Inc., workers are regularly offered free blood-glucose testing to detect diabetes before complications develop. A new state law in Florida this school year requires all schools to provide children 30 minutes of physical exercise each day. (The Palm Beach Post)
FP&L to drop rates in '08 Sep 5, 2007
FPL Group shares closed up $1. 61 to $60. (South Florida Business Journal, FL)
