This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Best in Class: FPL Rides Like the Wind

TSC Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its "safety first" approach to investing aims to reduce risk while seeking solid outperformance on a total return basis.

When it comes to alternative energy, few people would figure Florida could outdo California. But the Sunshine State's rate-regulated utility, FPL Group (FPL - Get Report), can teach a few lessons.

Led by Chief Executive Officer Lewis Hay III, FPL Group is the biggest U.S. producer of wind energy and ranks No. 2 in the world. The Miami-based company operates in 27 states, generating annual revenue of about $15 billion.

TheStreet.com Ratings

FPL Group consists of two primary divisions. Florida Power & Light is an electric utility that serves a population of about 9 million Floridians. But its crown jewel is NextEra Energy Resources, which stretches across the country and into Canada.

NextEra will thrive amid the clean-energy initiatives that will emerge from the new Congress and the Obama administration. The White House has proposed limiting carbon emissions by reducing the use of fossil fuels through, among other measures, a market-based "carbon cap" on businesses.

The utility's commitment to energy conservation dates back three decades. (Hay joined the company in 1999.) Since 1980, FPL Group's energy efficiency and conservation programs have succeeded in avoiding the need for 12 medium-sized power plants, which, according to U.S. Department of Energy data, is the best performance among all utilities in the country.

NextEra's 50 wind facilities include 7,500 turbines in 16 states. FPL Group plans to add as much as 10,000 megawatts of wind-generated power by the end of 2012 and, eventually, up to 30,000 megawatts. It now has about 6,400 megawatts. (One megawatt is sufficient to serve the electrical needs of about 700 homes.)

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AEP $57.88 0.00%
DUK $79.41 0.00%
ETR $79.14 0.00%
FPL $17.52 0.00%
POM $26.33 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs