The plan unifies the rates and tariffs of FPL and Gulf Power and supports FPL's continued long-term investments in infrastructure, clean energy and innovative technology вЂ“ including the largest solar buildout in the U.S. The company's four-year rate plan, unanimously approved by the Florida Public Service Commission in October 2021, goes into effect on Jan. 'The FPL team remains proud to continue to call you our neighbors and remain in Northwest Florida to serve you.' 'While the logo on our bucket trucks and office buildings is changing, our steadfast commitment to Northwest Florida will remain as strong as ever,' Silagy said. During this transition period, customers may see employee uniforms and vehicles with either the FPL logo or Gulf Power logo. In total, combining the two companies and operating as a single utility system is projected to save customers more than $2.8 billion over the lifetime of these assets.ДЇPL will rebrand Gulf Power office buildings, trucks and uniforms with the FPL logo over the coming months.

FPL also projects long-term combined system benefits of approximately $1.5 billion as a result of power generation upgrades already underway, a new transmission line physically connecting both utility systems and the ability to dispatch from, and plan for, a common fleet of power generation resources. Productivity improvements at Gulf Power since its acquisition by NextEra Energy, FPL's parent company, are expected to reduce annual operations and maintenance expenses in 2022 by $86 million which, on a scale-adjusted basis, is the equivalent of saving nearly $1 billion at FPL. Today's milestone is the next step in continuing to build a more resilient and sustainable energy future all of us can depend on, including future generations.' 'Since the acquisition of Gulf Power in 2019, our team has worked tirelessly to identify and implement productivity improvements and integrate the two companies, improving reliability roughly 50% and reducing the carbon dioxide emissions rate nearly 30% in just three years. Customers in Northwest Florida will benefit from increasingly more affordable electric bills as part of the company's approved four-year rate plan,' said Eric Silagy, president and CEO of FPL. Gulf Power will greatly contribute to the addition or rise in thermal energy thus reducing over reliance on hydropower in the electricity sector in Kenya.'This is an exciting day for everyone at FPL and Gulf Power, as well as the 5.6 million customers we serve across Florida from Miami to Pensacola, as we expand to Northwest Florida America's best energy value вЂ“ electricity that's not just clean and reliable, but also affordable. The fluctuations in hydropower generation made the country appreciate the linkages between energy, environment and the countryвЂ™s social-economic development. The plant will provide base load power to support both the thriving industrial and national requirements through connection to the grid. Our entry into the power generation through Gulf Power will see development of an 80.32MW Medium Speed HFO Thermal Power Plant. In line with our ambitions to be a multifaceted energy sector player, the group set up the first locally owned independent power generation firm. The climatic conditions of 1998вЂ“20-2009 reduced hydropower generation and led to severe energy shortages which culminated in power rationing. KenyaвЂ™s electricity mix is dominated by hydro generation (over 50%) and is thus highly vulnerable to weather conditions and climate change.

This means an increase in thermal power output from 525MW to about 1,000MW.

Gulf power