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- Plant modernizations, energy investments help avoid fuel costs to keep customer bills as low as possible, while delivering award-winning reliability
- Diverse power generation fleet saved customers more than $1.2 billion in 2025 alone
Florida Power & Light Company (FPL) announced today it surpassed $1 billion in customer fuel savings in 2025, the result of systematic, smart investments in fuel-efficient technologies over the past two decades.
A word from FPL CEO Armando Pimentel: “Our long-term strategy of investing in highly efficient and innovative technologies is delivering real value for our customers. These investments are helping us save customers billions in fuel costs and ensuring that Florida has the reliable, affordable electricity it needs to continue to grow and prosper.”
Customer benefits: Because fuel costs are passed directly to customers, FPL has helped reduce customer bills with a collective $17.6 billion in avoided fuel costs since 2001. FPL’s typical residential customer bills are currently 30% below the national average and the lowest among rate-regulated utilities in Florida.
Ultra fuel-efficient natural gas:
- Florida depends on reliable natural gas, which generates approximately two-thirds of the state’s electricity. The more a utility can reduce fuel costs, the more it can help reduce customer bills.
- FPL’s investments to replace old, inefficient oil-burning plants with ultra-efficient energy centers that run on U.S.-produced natural gas has saved customers approximately $860 million in fuel costs in 2025 alone.
Zero-emissions nuclear:
- FPL safely operates four nuclear power units at its Turkey Point and St. Lucie sites.
- FPL delivered fuel-cost savings for customers by identifying highly efficient, innovative operating practices, including enhanced technologies and improved refueling timelines at its nuclear plants.
- The U.S. Nuclear Regulatory Commission (NRC) approved the license renewal for FPL’s Turkey Point to operate into the 2050s. St. Lucie’s license renewal request to operate for an additional 20 years is pending with the NRC.
Low-cost solar energy centers:
- Solar energy centers are one of the fastest to build and most cost-effective sources of new power generation to meet the energy needs of Florida’s growing population.
- FPL’s solar energy centers provide enough low-cost, reliable energy to power over 1.7 million homes across the state annually, saving customers $1.2 billion in fuel costs since 2021.
Cutting-edge battery energy storage:
- By pairing battery energy storage systems with solar, or other sources of power generation, excess, low-cost energy can be stored and used when needed most.
- By the end of the year, FPL plans to add more than 1,400 MW of battery energy storage systems across a mix of thirteen hybrid and standalone sites.
- FPL’s investment will deliver enough electricity to serve more than one million homes over a four-hour period.
About Florida Power & Light Company
Florida Power & Light Company is America’s largest electric utility, delivering reliable power to more than 6 million customer accounts — serving approximately 12 million people across Florida. By leveraging a diverse energy mix, including nuclear, natural gas, solar and battery storage, FPL operates one of the most fuel- and cost-efficient power generation fleets in the U.S. and has earned the ReliabilityOne® National Reliability Award for seven of the last ten years. FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE), which is one of the largest electric power and energy infrastructure companies in North America and is a leading provider of electricity to American homes and businesses. NextEra Energy is also the parent company of NextEra Energy Resources, LLC, which, together with its affiliated entities, is advancing America’s energy future with one of the largest and most diverse portfolios of power generation and infrastructure solutions. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.
