Eric Silagy, president and CEO of Florida Power & Light, said during a press conference that the company’s annual hurricane drill is held not because the state might get hit, but rather a question “of when and of where in the state it [hurricane] will hit.”
500 Florida Power & Light crew members packed their long-johns, gloves and warmest coats, as they headed out Thursday to Texas and Arkansas to help restore power in the wake of anticipated winter storms.
After tweaking a controversial settlement agreement, state regulators Thursday approved a plan that will lead to Florida Power & Light increasing base electric rates by $350 million in January.
An agreement was reached Thursday between FPL and key customer advocacy groups.
There will be a changing of the guard next summer at Florida Power & Light. On Monday FPL CEO Armando Olivera announced that he would be retiring in May. Senior vice president Eric Silagy has been tapped to take the helm of the state’s largest electric utility.