Florida Power & Light Company, the principal subsidiary of NextEra Energy Inc. , commonly referred to by its initials, FPL, is a Juno Beach, Florida-based power utility which serves roughly 4.4 million customers in Florida. FPL Group holds power generation assets in more than 20 U.S. states. FPL was founded in 1925 by merging together a number of smaller companies providing power and other services to local communities in Florida, and grew with the growth in population the state has experienced. FPL was the first company outside of Japan to win the Deming Prize in 1989. Dr.... Noriaki Kano was one of the consultants that helped FPL to reach this stature. On June 20, 2005, FPL Group completed acquisition of Gexa Energy, a retail electricity provider located in Houston and active in the deregulated Texas electricity market. At the time of acquisition, Gexa Energy had grown to over $273 million in 2004 revenues and further had been serving 100,000 total meters within the state of Texas. FPL Group acquired Gexa Energy for approximately US$81 million. On December 19, 2005, FPL Group, Inc.
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| NYSE symbol: | FPL |
| Founded: | 1925 |
| Headquarters: | Juno Beach, Florida |
| Annual revenue: | $16,410,000,000 |
| Net income: | $1,639,000,000 |
| Operating income: | $2,825,000,000 |
| Market cap: | $28,000,000,000 |
| Industries: | Electric Services |