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May 23, 2018

Energy & Utilities

Higher gas prices negatively impact summer travel plans

Rising gas prices have put a crimp in travel plans this summer as more Americans are planning staycations instead of hitting the road, according to our 2018 Summer Travel survey. Read more »
Published on 5/21/2018

Southern Company Announces Sale of Certain Florida Assets to NextEra Energy

Southern Company today announced that it has entered into agreements to sell Gulf Power Company, Florida City Gas and the entities holding Southern Power's interests in Plant Oleander and Plant Stanton to NextEra Energy for an aggregate purchase price of approximately $6.475 billion. Net of debt, this reflects an equity value of approximately $5.075 billion. Read more »
Published on 5/21/2018

NextEra Energy reaches definitive agreements to acquire Gulf Power, Florida City Gas and additional assets from Southern Company

Compelling all-cash transactions of attractive electric and natural-gas franchises complement NextEra Energy's existing operations within Florida Read more »
Published on 5/21/2018

Gas prices face upward pressure in Florida, partly due to uncertainties from Iran Nuclear Deal

Oil prices reached a new 2018 high, on the belief that President Trump may pull out of the Iran Nuclear Deal. Such a move would likely reinstate sanctions, resulting in reduced global supply, and higher fuel prices. Read more »
Published on 5/8/2018

Major Solar Energy Project Announced by Florida Municipal Utilities

Project will be one of the largest municipal-backed solar projects in the nation. Read more »
Published on 5/7/2018

Florida PSC to hold Hurricane Preparedness and Restoration Actions Workshop

The Florida Public Service Commission (PSC) will hold a workshop on electric utilities' hurricane preparedness and restoration on May 2-3, 2018 in Tallahassee. Read more »
Published on 5/1/2018

Duke Energy announces new executive appointments

Harry Sideris named senior vice president and chief distribution officer, succeeding Michael Lewis who will retire after 30 years in the energy industry. Catherine Stempien named Florida state president. Read more »
Published on 4/26/2018

NRC to Issue New Reactor Licenses to Florida Power and Light for Turkey Point Site Near Miami

The Nuclear Regulatory Commission has authorized its staff to issue Combined Licenses for Florida Power and Light's Turkey Point site in Florida. The licenses grant FPL permission to build and operate two AP1000 reactors at the site, about 25 miles south of Miami. Read more »
Published on 4/10/2018

JinkoSolar to begin manufacturing solar panels in Florida

NextEra Energy and JinkoSolar announce deal for millions of solar panels Read more »
Published on 4/2/2018

Florida Power & Light announces locations for next wave of solar power plants

FPL continues to advance affordable clean energy for customers Read more »
Published on 3/5/2018

Florida Public Service Commission (PSC) Finds Need for New FPL Dania Beach Plant

The Florida Public Service Commission (PSC) today determined there is a need for Florida Power & Light Company (FPL) to replace its power plant in Broward County with a more efficient clean energy center. Expected to begin service in 2022, the new plant will increase system reliability at a reduced cost for FPL customers. Read more »
Published on 3/2/2018

Fracking Ban Bill Passes First Senate Committee

Despite early indications that a proposal to ban fracking in Florida would not advance in the current state legislative session, the bill passed its first senate committee Monday. Read more »
Published on 2/7/2018

Clean manufacturing: A business profile of Innova

Innova's home panels weather Mother Nature's best shot and are energy-efficient. Read more »
Published on 1/26/2018

Duke Energy Florida customers will not see rate increase for Hurricane Irma and related $513-million in storm costs

Company will apply federal tax savings to prevent rate increase -- Average residential customer will save $187 Read more »
Published on 1/24/2018

President's Decision on Solar Tariffs is a Loss for America

The Solar Energy Industries Association (SEIA) – the national trade association for the U.S. industry - and its members expressed disappointment in the decision by President Trump to impose 30 percent tariffs on imported solar cells and panels. Read more »
Published on 1/24/2018

FPL to apply federal tax savings toward $1.3 billion cost of Hurricane Irma to prevent increase in customer rates

Because of federal tax savings beginning in 2018, FPL will not need to raise rates to pay for the unprecedented Hurricane Irma restoration - saving each of FPL's 4.9 million customers an average of $250 Read more »
Published on 1/18/2018

Florida Power & Light Company joins contingent of electric power industry experts to assist with power restoration in Puerto Rico

Florida Power & Light Company (FPL) announced that a 10-person team of restoration experts traveled to Puerto Rico this past weekend to support ongoing restoration efforts across the Commonwealth. FPL's team joined a contingent of seven Incident Management Teams (IMTs), each comprised of professionals representing electric companies from across the U.S. Read more »
Published on 1/17/2018

Hubbell Incorporated to Acquire Aclara Technologies LLC for $1.1 Billion

Strengthens Hubbell Power Systems' Leadership Position in Utility Markets; Adds High Quality Critical Components with Communication Functionality Read more »
Published on 12/27/2017

Florida PSC Decides on FPL's Environmental Recovery and Solar Project Costs

The Florida Public Service Commission (PSC) today found that Florida Power & Light Company (FPL) acted prudently in complying with environmental regulatory agencies' requirements for its Turkey Point Cooling Canal Monitoring Plan. FPL asked to recover the plan's costs through the PSC's Environmental Cost Recovery Clause (ECRC). Read more »
Published on 12/13/2017

Building a Smarter Energy Future

Duke Energy is shaping the energy future with cleaner, smarter solutions for Florida and its 1.8 million customers here in the Sunshine State. Read more »
Published on 10/27/2017

Duke Energy settlement agreement paves way for smarter energy future

Settlement includes investments in grid modernization, smart meters, solar, electric vehicle charging stations, battery storage and new programs to enhance customer choices Read more »
Published on 10/26/2017

USDA National Institute of Food and Agriculture Announces $21.1 Million to Grow the Bioeconomy

The U.S. Department of Agriculture's (USDA) National Institute of Food and Agriculture (NIFA) has announced six grants totaling nearly $21.1 million to support the development of new jet fuel, biobased products and biomaterials from renewable sources. Read more »
Published on 10/23/2017

Duke Energy wrapping up final restorations on isolated post-Irma power outages in Florida

Duke Energy announced on Wednesday night that it had restored electricity to essentially all customers impacted by Hurricane Irma in Florida, though crews continue repair work on isolated, scattered power outages. Read more »
Published on 9/21/2017

Restoration workforce triples in Southwest Florida with focus on Hurricane Irma's hardest-hit areas

Florida Power & Light Company (FPL) announced that more than 11,000 workers continue restoring service in the hardest-hit areas of Southwest Florida. The company has restored service to nearly all of its 4.4 million customers, or more than 99 percent, impacted by Irma. Read more »
Published on 9/21/2017

Should power lines go underground?

UF's director of energy studies observes that installing power lines underground to prevent outages during hurricanes may not be the magic bullet many are seeking. Read more »
Published on 9/19/2017

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Florida Trend Video Pick

Why are Miami wages so low? 'No. 1 startup city' comes with a downside
Why are Miami wages so low? 'No. 1 startup city' comes with a downside

Tiffany Zadi sells leather fashions for her one-person business called Heist. As part of that she does a lot of shows and pop-up stores and events around Miami as well as out of town.

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