NextEra CFO and Executive Vice President of Finance Rebecca Kujawa told analysts during the company's fourth-quarter 2019 earnings call on Jan. During NextEra's 2019 investor conference, Gulf Power President Marlene Santos said management was investigating the financial and operational impacts of merging the two entities together. Gulf Power owns one operating coal plant outright, the 924-MW Crist plant in Florida's Escambia County, and shares ownership in two other plants with utility affiliates of its former parent company, Southern Co.Įxecutives had previously floated the idea of combining the two utilities after NextEra closed its acquisition of Gulf Power from Southern Co. "As a result, after accounting for these planned changes to generating units in both FPL's and Gulf's areas, the clean energy percentage for the larger integrated FPL and Gulf utility system is projected to climb to approximately 99%" by 2029, the utilities said. NextEra did not immediately respond to a request for comment April 2 on its plans to merge the two utilities.Īccording to the site plan, the NextEra units will focus on decarbonizing Gulf Power's generation fleet through several changes, including solar additions and converting two coal-fired units to natural gas "that will significantly improve its emission profile." In a footnote within the plan, the companies said the single combined system will be referred to as FPL starting in 2022.
The two utilities would be integrated after the North Florida Resiliency Connection project, a 176-mile, 161-kV transmission line connecting Gulf Power's service territory in the Florida panhandle with FPL's customers in the state's northeast, comes online, the subsidiaries said in a joint April 2 filing on their 10-year site plan with the Florida Public Service Commission. into a single electric operating system starting in 2022. said it plans to combine its flagship utility Florida Power & Light Co.
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