Investor Presentation
·
At FPL, we remain focused on identifying smart capital
investments to further improve our outstanding customer
value proposition
FPL's Areas of Focus
Unyielding commitment to low bills,
high reliability and excellent
customer service
• Focus on efficiency and best-in-
class cost performance
•
Reduced non-fuel O&M cost per
megawatt by ~8.6% in 2022
Invest capital in ways that benefit
customers
- Plan to deploy more than $10 B of solar
through 2025(2) and expect to double
solar additions in the next TYSP (3)
compared to the previous filing
- T&D investments of ~$14 - 16 B
through 2025 to support customer
growth and grid hardening programs
Operational Cost Effectiveness (1)
$100
$/Retail
MWh
Adjusted Regressed
Top Quartile
Top Decile
Log/Log
2022: $11.59/MWh
$10
1,000,000
10,000,000
100,000,000
1,000,000,000
Retail MWh
Regulatory Capital Employed (4)
$69 B $71 B
-9%
CAGR
$49 B
- 2023 Storm Protection Plan of ~$14.5 B
through 2032 approved by the FPSC
#
2021
2025E
1) FERC Form 1 non-fuel O&M; industry 2021; excludes pensions and other employee benefits; excludes one-time
storm impacts; includes holding companies with >100,000 customers and utility owned generation
3)
-
2) Reflects capital investments from 2022 2025 under the current settlement agreement
Ten-Year Site Plan
NEXTera®
ENERGY
14
13-month average; includes retail rate base, wholesale rate base, clause-related investments and AFUDC projectsView entire presentation