FPL Files To Reduce Customer Rates

Florida Power & Light Company (FPL) today filed updated fuel cost projections for 2015 with the Florida Public Service Commission (PSC), requesting to reduce customer rates beginning May 1, 2015, thanks primarily to projected savings on natural gas costs. www.FPL.com If approved by the PSC, FPL's typical 1,000-kilowatt-hour residential customer bill would decrease by $3.00 a month. With this reduction, FPL's typical bill will be approximately 30 percent lower than the latest national average. "We're thrilled to be able to reduce rates while we continue to deliver clean power and outstanding service for our customers," said Eric Silagy, president and CEO of FPL. "The investments we've made in converting our old, oil-fired power plants to modern energy-efficient centers that run on clean natural gas continue to deliver benefits. U.S.-produced natural gas is critical to reducing emissions and keeping our customers free from the past's reliance on foreign oil, and the projected decrease in cost is an excellent added benefit for our customers." On track to continue to be the lowest in Florida for a sixth year in a row, FPL's typical 1,000-kWh residential customer bill with the rate reduction will be more than 10 percent lower than it was in 2006, nearly a decade ago. FPL's Typical 1,000 kWh Residential Customer Monthly Bill Current Beginning Decrease in March 2015 May 2015 Customer Bill $100.12 $97.12 $3.00/month savings Notes: Current bill reflects approved rates in effect as of March 1, 2015. Beginning with the May 2015 billing cycle, the requested fuel charge reduction would result in a $3 decrease on a 1,000-kWh residential customer bill. All rates are subject to change and must be approved by the PSC before implementation. Bill totals include the state's standard gross receipts tax but do not include any local taxes or fees that vary by municipality. FPL residential customers can calculate their estimated savings by entering their monthly electricity usage into the online calculator at FPL.com/lowerbills. Investments in high-efficiency natural gas generation since 2001 have enabled FPL to cut its use of foreign oil by more than 99 percent – from more than 40 million barrels of oil in 2001 to less than 1 million barrels annually today. The company has been strategically phasing out older, less-efficient fossil fuel plants and replacing them with new, high-efficiency natural gas energy centers that use approximately one-third less fuel per megawatt-hour. Since 2001, the effectiveness of these investments has saved our customers more than $7.5 billion on fuel and prevented more than 85 million tons of carbon emissions. The U.S. Environmental Protection Agency calculates that this amount of carbon reduction is equivalent to removing more than 16 million cars from the road annually or switching more than 2 billion incandescent lights to compact fluorescents. "Our affordable clean energy strategy is working for our customers. The combination of clean, high-efficiency natural gas energy centers, along with cost-effective energy efficiency programs and zero-emissions nuclear and solar power, ensure we can continue to reliably deliver affordable clean electricity for customers 24 hours a day, 365 days a year, now and in the future," Silagy said. FPL.com's advanced energy tools can help customers save even more FPL's Online Home Energy Survey can help customers reduce their bills further with personalized energy-savings plans, tips and recommendations. The survey is integrated with a customer's individual FPL Energy Dashboard – which is updated automatically with hourly, daily and monthly energy usage data, 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 more than 4.7 million customer accounts across nearly half of the state of Florida. FPL's typical 1,000-kWh residential customer bill is approximately 25 percent lower than the national average and, in 2014, was the lowest in Florida among reporting utilities for the fifth year in a row. FPL's service reliability is better than 99.98 percent, and its highly fuel-efficient power plant fleet is one of the cleanest among all 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 8,700 employees, FPL is a subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc.

, a clean energy company widely recognized for its efforts in sustainability, ethics and diversity, including being ranked in the top 10 worldwide for innovativeness and community responsibility as part of Fortune's 2015 list of "World's Most Admired Companies." 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. For more information, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.