FPL bills to decrease January 1

Savings help keep FPL customer bills approximately 25 percent below U.S. average and the lowest of all Florida utilities

News provided by

Florida Power & Light Company

Dec 31, 2014, 10:00 ET

JUNO BEACH, Fla., Dec. 31, 2014 /PRNewswire/ -- Florida Power & Light Company's (FPL) customers can ring in the New Year with savings – their typical residential bill is going down approximately $2 per month beginning January 1, 2015.

Business customers will see a decrease of roughly 1 percent, depending on rate class and type of service.

"This is another example of our commitment to keeping bills low," said Eric Silagy, president and chief executive officer of FPL. "We work tirelessly to provide the best possible value for our customers – the lowest bills in the state, the most reliable power in the Southeast, award-winning customer service and a clean emissions profile."

The approximately $2 monthly decrease taking effect in January is based on a typical, 1,000-kWh residential customer's bill. It takes into account recently approved cost-effective energy efficiency goals that will result in savings for FPL customers over the next five years. FPL residential customers can calculate their estimated savings by entering their monthly electricity usage into the online calculator at FPL.com/lowerbills.

FPL's typical customer bill continues to be approximately 25 percent lower than the national average, and for nearly six years in a row, the lowest of all reporting utilities in Florida.

FPL customer bills have remained low in part because of the company's long-term investments in clean, fuel-efficient power plants, such as the FPL Riviera Beach Clean Energy Center that began powering customers this year. In total, since 2001, FPL's investments in clean, fuel-efficient power plants have saved customers more than $7.5 billion on fuel costs and helped reduce our use of foreign oil by 99 percent.

These investments have also enabled FPL to produce significantly cleaner power than ever before, preventing more than 85 million tons of carbon emissions to date – the U.S. Environmental Protection Agency equivalent of removing 16 million cars from the road.

FPL's advanced energy-efficiency tools can help customers save even more in 2015
FPL's free Online Home Energy Survey provides customers with personalized energy-savings plans, tips and recommendations to save on their electric bills. The survey is integrated with the FPL Energy Dashboard, which gives customers access to their individual hourly, daily and monthly energy usage, monthly bill amounts, local temperature readings and more – so tracking and managing energy costs is easier than ever. Customers can visit FPL.com/easytosave to learn more.

Florida Power & Light Company
Florida Power & Light Company is the third-largest electric utility in the United States, serving approximately 4.7 million customer accounts across nearly half of the state of Florida. As of year-end 2013, FPL's typical 1,000-kWh residential customer bill is approximately 25 percent lower than the national average and the lowest in Florida among reporting utilities. FPL's service reliability is better than 99.98 percent, and its highly fuel-efficient power plant fleet is one of the cleanest among utilities nationwide. The company was recognized in 2014 as the most trusted U.S. electric utility by Market Strategies International, and has earned the national ServiceOne Award for outstanding customer service for an unprecedented 10 consecutive years. A leading Florida employer with approximately 8,900 employees, FPL is a subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit www.FPL.com.

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SOURCE Florida Power & Light Company