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They fled to Wisconsin after their homeowners insurance premium doubled, seeing no end in sight. Natalia: In 2016 my husband and I purchased the home I grew up in in Plantation, Florida, from my parents. After the roof, we got a quote from the statewide insurance, Citizens Property Insurance Corporation. AdvertisementAdvertisementIt was just kind of like you're walking, you're walking, you're walking with your head down, and then when you finally look up, you realize you're lost. John: We haven't paid insurance yet, but all our neighbors tell us that insurance is about $1,200 a year.
Persons: Natalia, John, It's, we're, FPL Organizations: Service, Property Insurance Corporation, Florida Power, Wisconsin Dells, . Wisconsin, Olive Photography Locations: Florida, Wisconsin, Wall, Silicon, Plantation , Florida, Fort Lauderdale, Dell Prairie , Wisconsin, Milwaukee, Miami, That's, Dell, Plantation, South Florida, ., . Wisconsin Dells , Wisconsin, Disney
Utility stocks are poised to capitalize on a clean energy future, according to Goldman Sachs. The shift to clean energy will require a "significant" amount of capital investment, which will contribute to attractive earnings and rate base growth, Davenport said. Among the names Goldman rated a buy are American Electric Power, NextEra Energy, Sempra and Southern Co. American Electric Power and NextEra Energy both hit several of Goldman's themes. NextEra Energy offers more than 21% upside to Goldman's price target, plus a 2.5% dividend yield. Meanwhile, Sempra is also an attractive growth opportunity, Davenport said.
Persons: Goldman Sachs, enablers, Carly Davenport, Davenport, Goldman, Sempra, CNBC's Michael Bloom Organizations: Utilities, Fund, Industry, American Electric Power, NextEra Energy, Sempra, Southern Co . American Electric Power, NextEra, Florida, Electric, LNG, Infrastructure, Southern Co Locations: United States, Southern, FPL, Texas
Jan 25 (Reuters) - NextEra Energy Inc (NEE.N) on Wednesday posted mixed quarterly results, sending its shares sliding as the renewable power company announced the retirement of the head of its key Florida utility unit. NextEra's shares dropped 6% on Wednesday, making the company one of the day's biggest losers in the Standard & Poor's 500 Index. The company is the third-largest U.S. energy company by market value, trailing only oil and gas giants Exxon Mobil (XOM.N) and Chevron Corp (CVX.N). NextEra is banking on increased use of renewable energy like solar and wind for power generation amid a global push to shift to cleaner fuel sources. Natural gas prices averaged $6.10 per million British thermal units (mmBtu) in the October-December quarter, about 26% higher than the previous year.
Nov 10 (Reuters) - Over 210,000 homes and businesses were without power in Florida early on Thursday after Hurricane Nicole crashed into the state's east coast overnight. Utilities have already restored service to about half of the roughly 400,000 customers who lost power since the storm hit Wednesday night. Hurricane Nicole weakened into a tropical storm shortly after making landfall on Florida's east coast, the National Weather Service said. read moreThe utility with the most outages and most customers already restored is Florida Power & Light Co (FPL), the nation's biggest power utility. FPL is a unit of Florida energy company NextEra Energy Inc (NEE.N).
Turkey Point sits on porous rock and underneath it is the Biscayne Aquifer – a primary source of drinking water. Nuclear plants have up to 60 years after they shut down to dispose of their nuclear waste. “FPL and the NRC regularly evaluate nuclear power plant operating conditions and physical infrastructure to ensure ongoing safe operations,” the company said. Electrical cables from Turkey Point Nuclear Power plant that power 1 million homes in South Florida. Alfonso Duran for NBC NewsNew homes under constructed near Turkey Point nuclear power plant in Miami in September.
Sept 28 (Reuters) - More than 169,000 homes and businesses were without power in Florida as Hurricane Ian approached the state's west coast on Wednesday, according to local power companies. The U.S. National Hurricane Center said Ian was moving onshore and would cause catastrophic storm surge, winds and flooding in the Florida Peninsula. The storm was located about 45 miles (75 km) west-northwest of Naples, Florida, and was packing maximum sustained winds of 155 miles (250 km) per hour at 11 a.m. EDT (1500 GMT). Florida Gulf Coast residents emptied grocery shelves, boarded up windows and fled to evacuation shelters as Hurricane Ian barreled closer on Wednesday, lashing the state's southern tip hours before it was forecast to make U.S. landfall. Register now for FREE unlimited access to Reuters.com RegisterThe utility with the most outages so far was Florida Power & Light Co (FPL), a unit of Florida energy company NextEra Energy Inc (<NEE.N>).
People walk in a hallway using a flashlight during a power outage as Hurricane Ian makes landfall in southwestern Florida, in Fort Myers, Florida, U.S. September 28, 2022. REUTERS/Marco BelloSept 28 (Reuters) - More than 1.3 million homes and businesses were without power in Florida as Hurricane Ian hit the state's west coast on Wednesday, according to local power companies. Some utilities have started to restore customers now that the storm has passed southern Florida even though the number of outages continues to increase as the storm heads inland. The U.S. National Hurricane Center said Ian was causing catastrophic storm surge, winds and flooding in the Florida Peninsula. Register now for FREE unlimited access to Reuters.com RegisterThe utility with the most outages so far was Florida Power & Light Co (FPL), a unit of Florida energy company NextEra Energy Inc (<NEE.N>).
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