Hunton Advises on Florida Power & Light Company’s $255,394,000 Qualified Replacement Property Notes Offering

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Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by Florida Power & Light Company (FPL) of $255,394,000 aggregate principal amount of Qualified Replacement Property Notes, Series due June 1, 2076.

FPL is a rate-regulated electric utility engaged primarily in the generation, storage, transmission, distribution and sale of electric energy in Florida. FPL is the largest electric utility in Florida and the U.S. At December 31, 2025, FPL had 35,963 megawatts of net generating capacity, approximately 93,000 circuit miles of transmission and distribution lines and 932 substations. FPL provides electric service through an integrated transmission and distribution system that links its generation facilities to its customers. FPL serves approximately 12 million people through more than 6 million customer accounts. FPL supplies electric service throughout most of the east and lower west coasts of Florida and ten counties throughout northwest Florida. FPL, which was incorporated under the laws of Florida in 1925, is a wholly-owned subsidiary of NextEra Energy, Inc.

The Hunton team included Steven C. FriendJingyi “Alice” Yao, Ryan Metz, and Catherine Bulger

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Lisa Franz
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Jeremy Heallen
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