History
In 1899, Frank A. Davis founded the St. Petersburg Electric Light and Power Company in the newly founded town of St. Petersburg, Florida.
In 1911 it started offering 24 hour service to their customers.
After a series of expansions, in 1927 St. Petersburg Electric Light and Power Company became Florida Power Corporation.
Reddy Kilowatt became the company's mascot in In 1939.
The Honner family received free television from Florida Power Corporation in 1952 in celebration of the company installing its 200,000th meter.
In 1963, the company installed a specially designed underwater cable in the Gulf of Mexico. It was believed to be the longest one-piece installation in Florida back then. Land was also purchased to build their first nuclear power plant in Citrus County.
Andrew H. Hines became the company's president in 1972.
In 1977, the nuclear power plant was finally built in Citrus County.
In 1982, in hopes of diversifying beyond utility operations, Florida Power reorganized as a holding company, Florida Progress Corporation.
Louie the Lighting Bug became the mascot for their television ads in 1983.
The company reached 1 million customers in 1986.
In 1999, the company celebrated their 100-year anniversary.
In 2000, Florida Progress merged with Raleigh, North Carolina-based Carolina Power & Light to form Progress Energy Inc.
Progress Energy merged with Duke Energy in 2012.
Southern Company is an American gas and electric utility holding company based in the southern United States. It is headquartered in Atlanta, Georgia, with executive offices also located in Birmingham, Alabama. The company is the second largest utility company in the U.S. in terms of customer base, as of 2021. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines.
Progress Energy, headquartered in Raleigh, North Carolina, is a subsidiary of Duke Energy and prior to its merger with Duke Energy was a Fortune 500 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues. Progress Energy includes two major electric utilities that serve approximately 3.1 million customers in the Carolinas and Florida. As an independent company, the last chairman and CEO of Progress Energy was William D. Johnson; his predecessor was Robert McGehee, who died on October 9, 2007 at the age of 64 of a stroke while on a business trip to London.
The Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company headquartered in Newark, New Jersey and was established in 1985 with a legacy dating back to 1903.
Xcel Energy Inc. is an American utility holding company based in Minneapolis, Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers in Colorado, Texas, and New Mexico in 2019. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.
American Electric Power (AEP), is a major investor-owned electric utility in the United States, delivering electricity to more than five million customers in 11 states.
Florida Power & Light Company (FPL), the principal subsidiary of NextEra Energy Inc., is the largest power utility in Florida. It is a Juno Beach, Florida-based power utility company serving roughly 5 million customers and 11 million people in Florida. It is a rate-regulated electric utility that generates, transmits, distributes and sells electric energy. In 2020, the company was ranked as the nation's most reliable electric power utility for the fifth time in six years.
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina.
The "Nuclear Power 2010 Program" was launched in 2002 by President George W. Bush in 2002, 13 months after the beginning of his presidency, in order to restart orders for nuclear power reactors in the U.S. by providing subsidies for a handful of Generation III+ demonstration plants. The expectation was that these plants would come online by 2010, but it was not met.
Exelon Corporation is an American Fortune 100 energy company headquartered in Chicago, Illinois and incorporated in Pennsylvania. It generates revenues of approximately $33.5 billion and employs approximately 33,400 people. Exelon is the largest electric parent company in the United States by revenue, the largest regulated electric utility in the United States with approximately 10 million customers, and was formerly the largest operator of nuclear power plants in the United States and the largest non-governmental operator of nuclear power plants in the world until the generation sources were spun off into an independent company, Constellation Energy, in 2022.
Constellation Energy Corporation is an energy company headquartered in Baltimore, Maryland, United States. The company provides electric power, natural gas, and energy management services. It has approximately two million customers across the continental United States.
FirstEnergy Corp is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison acquired Centerior Energy in 1997. Its subsidiaries and affiliates are involved in the distribution, transmission, and generation of electricity, as well as energy management and other energy-related services. Its ten electric utility operating companies comprise one of the United States' largest investor-owned utilities, based on serving 6 million customers within a 65,000-square-mile (170,000 km2) area of Ohio, Pennsylvania, West Virginia, Virginia, Maryland, New Jersey and New York. Its generation subsidiaries control more than 16,000 megawatts of capacity, and its distribution lines span over 194,000 miles. In 2018, FirstEnergy ranked 219 on the Fortune 500 list of the largest public corporations in the United States by revenue.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
SCANA Corporation was a regulated electric and natural gas public utility. The company was based in Cayce, South Carolina, a suburb of Columbia, South Carolina. Following the Nukegate scandal, the company's stock fell and the company was in disrepair. In January 2019, SCANA was acquired by Dominion Energy. The corporate name SCANA was not an acronym, but was taken from the letters in South Carolina.
WEC Energy Group is an American company based in Milwaukee, Wisconsin that provides electricity and natural gas to 4.4 million customers across four states.
The Crystal River Energy Complex consists of seven power-generating plants on a 4,700-acre (1,900 ha) site near the mouth of the Crystal River in Citrus County, Florida. Crystal River 1, 2, 4, and 5 are fossil fuel power plants. Crystal River 3 was previously the sole nuclear power plant on the site (1977-2013). The Crystal River Combined Cycle site consists of two Mitsubishi gas turbines, which came on-line in 2018. The complex was developed in the early 1960s by the Florida Power Corporation and sold to Progress Energy Inc in 2000. Following Progress Energy's merger with Duke Energy in 2012, the facility is owned and operated by Duke Energy.
Carolina Power & Light (CP&L), later doing business as Progress Energy Inc., was an electrical generation, transmission, and distribution utility based in Raleigh, North Carolina. The company was founded on July 13, 1908 as the result of the merger and buyout of numerous small, private, and financial distressed utilities across the state. Known locally as "CP&L" the company's main operations were in Eastern North Carolina and in parts of northeastern South Carolina and in the Asheville area of western North Carolina. The company merged with Florida Progress Corporation in 2000 to become Progress Energy Inc.
NextEra Energy, Inc. is an American energy company with about 58 GW of generating capacity, revenues of over $18 billion in 2020, and about 14,900 employees throughout the US and Canada. It is the largest electric utility holding company by market capitalization. Its subsidiaries include Florida Power & Light (FPL), NextEra Energy Resources (NEER), NextEra Energy Partners, Gulf Power Company, and NextEra Energy Services.
EnergyUnited, based in Statesville, North Carolina, is the largest electric cooperative in North Carolina, serving nearly 125,000 metering points and 105,000 members. It was formed in 1998 by the merger of Crescent Electric Membership Corporation and Davidson Electric Membership Corporation.
Solar power in Florida has been increasing, as the cost of solar power systems using photovoltaics (PV) has decreased in recent years. Florida has low electricity costs compared with other states, which makes individual solar investment less attractive. Florida ranks ninth nationally in solar resource strength according to the National Renewable Energy Laboratory and tenth in solar generation by the Solar Energy Industries Association.
