FPL Energy, a subsidiary of the FPL Group (NYSE:FPL) is being renamed NextEra Energy Resources.
“Today, with growing concern about global climate change and the need
for more domestic sources of energy, it is no longer ‘business as
usual’ in our industry. Solutions of the past will not suffice to meet
the energy and climate challenges we face today,” said NextEra Energy
Resources President and CEO Mitch Davidson. “Our new name–NextEra
Energy Resources–reflects our focus on clean energy solutions and
provides us with a strong brand platform to grow our business now and
into the future.”
The company is already a leader in providing energy from clean and renewable fuels, it is the largest producer of wind and solar energy in North America. The company currently has more than 6,300 megawatts (MW) of wind generation in operation, or enough to power more than 1.5 million average homes. The company co-owns and operates seven solar plants in California’s Mojave Desert, which collectively form the world’s largest solar site. In all, the company operates 310 MW of solar power.
NextEra Energy Resources also includes nuclear power in its portfolio through 88% ownership of the Seabrook Station in New Hampshire; a 70% interest in the Duane Arnold Energy Center in Iowa; and 100% ownership of Point Beach Nuclear Plant in Wisconsin. The FPL Group nuclear fleet, including nuclear assets of Florida Power & Light Company, is the third largest in the United States.
NextEra Energy Resources, LLC, remains an FPL Group, Inc., company. During the course of 2009, the NextEra Energy Resources name will be rolled out to various operating company subsidiaries of NextEra Energy Resources, LLC.
To mark the debut of the new brand, NextEra Energy Resources is launching a five-year partnership agreement to be the Official Renewable Energy Provider of the Daytona 500 and 19 other motorsports events held at Daytona International Speedway and Homestead-Miami Speedway.
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