Florida Power & Light Company (FPL) is a rate-regulated utility engaged primarily in the generation, transmission, distribution and sale of electric energy. FPL is a wholly owned subsidiary of FPL Group, Inc. FPL supplies electric service to a population of more than 8.7 million throughout most of the east and lower west coasts of Florida. During the year ended December 31, 2008, FPL served approximately 4.5 million customer accounts. FPL’s retail operations provided approximately 99% of the Company’s 2008 operating revenues. As of December 31, 2008, FPL held 176 franchise agreements to provide electric service in various municipalities and counties in Florida with varying expiration dates through 2039. Of the 176 franchise agreements, three expire in 2009, 14 expire in 2010 and 159 expire during the period 2011 through 2039. FPL also provides service to 13 other municipalities and to 22 unincorporated areas within its service area without franchise agreements.
(Source: 10-K) – less – More from ZoomInfo »