NextEra Energy, Inc. (NYSE:FPL) announced today that it will change the ticker symbol for its common stock listed on the New York Stock Exchange from “FPL” to “NEE.” The change will become effective at the start of trading on Wednesday, June 23, 2010.
The company's shareholders on May 21, 2010 approved changing the company's name from FPL Group, Inc. to NextEra Energy, Inc. to better reflect the company’s scale as one of the largest and cleanest energy providers in the country, its diverse scope of operations across 28 states and Canada, and its forward-thinking, innovative approach to providing energy-related solutions for customers.
Through its subsidiaries NextEra Energy Resources, LLC, and Florida Power & Light Company, NextEra Energy, Inc. operates the nation’s third largest nuclear power generation fleet and is the nation’s No. 1 producer of renewable energy from the wind and sun.
“NextEra Energy, Inc. is a strong and fitting name for this forward-thinking energy company, and our new stock symbol, NEE, provides a direct link to our innovative brand,” Chairman and CEO Lew Hay said. “A decade ago, our business interests were primarily concentrated in Florida. Over the last decade, we have grown and diversified the business from mainly a high-performing utility in Florida to a national enterprise that is also the leading generator of renewable energy from the wind and sun in North America and the third largest nuclear operator in the United States. We are also well positioned for success in the low-carbon economy of the future. Overall, our company is one of the cleanest electric power companies in the nation, with a carbon dioxide emissions rate nearly 50 percent below the industry average.”
With operations in 28 states, NextEra Energy, Inc. is one of the nation’s largest electric power companies, ranking second in electric generating capacity at 42,678 megawatts as of Dec. 31, 2009, third in revenue at $15.6 billion for 2009, and fifth in market capitalization at $20.9 billion as of June 10, 2010.