• FPL’s investments in fuel-efficient natural gas, clean nuclear energy and low-cost solar and battery storage technology demonstrate how diversifying energy sources benefits customers with award-winning reliable electricity that keeps bills as low as possible 
• Over the last nearly 25 years, FPL has saved customers more than $16 billion in fuel costs, including most recently $1.1 billion through investments in low-cost solar energy centers
• Last year alone, FPL’s fuel-saving technologies saved customers $867 million
• FPL’s modernized generation fleet is a key enabler for bills that are nearly 40% lower than the national average

JUNO BEACH, Fla. – Florida Power & Light Company (FPL) today announced it has achieved more than $16 billion in overall fuel savings for customers from its highly-efficient and diverse power generation fleet, which includes natural gas, nuclear power and solar and battery storage. In 2024 alone, the company saved customers $867 million in fuel costs. Since 2001, the company has leveraged the latest technology to help drive down costs and improve efficiency for customers, and today operates one of the country’s most efficient and reliable generation fleets.

FPL’s quest for efficiency and diversity in its power generation fleet has been a key enabler allowing the company to provide the nation’s best combination of reliability, resiliency and low bills. Today, FPL delivers reliability that is 59% better and bills that are nearly 40% lower than the national average. This is not by accident, but rather due to a decades-long pursuit to modernize and diversify the FPL power generation fleet.

“At FPL, we are working for our customers every single day, leveraging the latest technology to generate electricity more efficiently and save them money,” said Armando Pimentel, president and CEO of Florida Power & Light Company. “Continuing to diversify our power generation helps us deliver reliable electricity to customers and also protects them from fuel price volatility to keep their bills as low as possible.”

Fuel-efficient natural gas: The cost of fuel to generate electricity is a direct pass-through to customers. The more a utility can reduce fuel costs, the more it can help reduce bill impacts for customers. By modernizing its power plant fleet, including knocking down old, inefficient power plants and building new, highly efficient combined cycle natural gas plants, increasing nuclear generation at existing plants and investing in low-cost solar and battery storage energy generation, FPL has saved customers more than $16 billion in fuel costs since 2001. This includes $1.1 billion in fuel savings from low-cost solar energy centers.

Clean nuclear energy: FPL’s Turkey Point and St. Lucie nuclear power plants have been providing customers with clean, safe, reliable and affordable energy for decades. Combined, the plants generate nearly 3,500 megawatts of energy, which is the equivalent of powering more than 2 million homes and businesses.

Solar energy centers: FPL’s solar energy centers provide enough low-cost, clean energy to power over 1.5 million homes across the state annually, saving customers $1.1 billion in fuel costs. Each solar site delivers hundreds of thousands of dollars in tax property payments to the counties where they operate.

Investing in battery storage: Battery storage is another key piece of FPL’s diverse energy mix and is playing a crucial role in the company’s efforts to enhance grid resiliency. These systems extend the capabilities of solar energy centers and allow FPL to store and deliver energy when customers need it most. FPL has been operating battery storage technology for years and operates one of the world’s largest solar-powered batteries, the FPL Manatee Energy Storage Center – a 409-megawatt/900-megawatt-hour system that has enough capacity to power approximately 329,000 homes.

Florida Power & Light Company

As America's largest electric utility, Florida Power & Light Company serves more customers and sells more power than any other utility, providing clean, affordable, reliable electricity to more than 6 million accounts, or approximately 12 million people. FPL operates one of the most fuel efficient and cleanest power generation fleets in the U.S and in 2022 won the ReliabilityOne® National Reliability Award for the seventh time in the last ten years. The company was also recognized by Escalent in 2022 as one of the most trusted U.S. electric utilities for the ninth consecutive year. FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE). 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 and a world leader in battery storage. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.

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