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Florida Power & Light Co. Apr 05 Product Image

Florida Power & Light Co. Apr 05

  • Published: April 2005
  • Region: Florida
  • Standard & Poors

FEATURED COMPANIES

  • Dominion Resources Inc.
  • Florida Power & Light Co.
  • NextEra Energy Inc.
  • Progress Energy Inc.
  • Southern Co.
  • MORE

Abstract
Florida Power & Light Co. (FP&L) adds stability to FPL Group Inc.'s consolidated cash flow, FP&L's strong customer growth with a primarily residential base, and Parent FPL's adequate financial performance. Higher-risk unregulated generation portfolio at FPL Energy contributes less certain cash flow, FP&L's increased exposure to natural gas to serve its load, Uncertainty regarding several regulatory issues at FP&L, and FPL's high consolidated leverage. The ratings on Florida Power & Light Co. (FP&L) reflect the consolidated credit profile of its parent, diversified energy company FPL Group Inc. The consolidated rating on FPL Group reflects the strength of FP&L's stable cash flows. FP&L, which is an integrated electric utility in Florida, contributes about 80% of the consolidated cash flow and has...

Companies mentioned in this report are:
- Florida Power & Light Co.
- Dominion Resources Inc.
- NextEra Energy Capital Holdings Inc.
- NextEra Energy Inc.
- Southern Co.
- Integrys Energy Group Inc.
- Progress Energy Inc.

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth READ MORE >

- Florida Power & Light Co.
- Dominion Resources Inc.
- NextEra Energy Capital Holdings Inc.
- NextEra Energy Inc.
- Southern Co.
- Integrys Energy Group Inc.
- Progress Energy Inc.

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