Latest news with #FPL
Miami Herald
2 days ago
- Climate
- Miami Herald
Can you lower your FPL bill this summer? How to set your AC and other tips
Summer is starting. That means the annual season of higher electricity bills is upon us. Is there any way to avoid that? Overall trends aren't helping. Last year was the fifth-warmest year in Florida history, going back to 1895, according to the National Centers for Environmental Information. This summer, AccuWeather estimates one to two degrees above average temperatures. Those of us who stay in town the next three months will get to know our air conditioners. But don't sweat. You can do several things to save money on your bills. Cooling costs can make up to 60% of your energy bill. The Miami Herald spoke to people at Florida Power & Light to get some tips on how to lower those expenses. Air conditioner/thermostat First, make sure your air conditioner has had maintenance. 'It's super essential,' said Bianca Soriano, FPL communications manager. Then, what do you with it? ▪ When at home, set your thermostat between 75 and 78 degrees. ▪ When away on a trip, keep your AC on and set the thermostat at up to 82 degrees. 'Every degree you raise your thermostat, you can save 3%-5% overall on monthly cooling costs,' Soriano said. ▪ If you're taking off for a few days, set your thermostat to 80 degrees. ▪ If you're going away for more than one week, set it to 82 degrees. ▪ If you won't be back for months, set it between 78 degrees and 82 degrees. Also, consider using a dehumidifier or smart thermostat for remote adjustments. 'Don't shut off the unit because it'll be a lot of work to cool down your house when you get back,' FPL's Soriano said. AC maintenance ▪ Replace or clean your air filter to allow proper airflow and avoid extra strain. ▪ Clear leaves, dirt and debris around the outdoor unit to improve efficiency. ▪ Inspect refrigerant lines and ductwork for leaks that could cause cooling inefficiencies. ▪ Check the drain line to prevent clogs that could lead to water damage or mold growth. ▪ Schedule an AC tune-up before a long trip. Ceiling fans Reducing costs is not all about the AC and thermostat. Other tools can help. ▪ Ceiling fans can make you feel three degrees to four degrees cooler while using less energy than air conditioning. ▪ Set the fan to spin counterclockwise in the summer. ▪ Turn it off when you leave the room and that can save up to $84 per fan a year Windows ▪ Nearly 30% of unwanted heat enters through your windows. ▪ Check for drafts and seal them with caulk or weather stripping. ▪ Close your blinds or curtains during the hottest part of the day. Kitchen/Laundry ▪ Use smaller appliances — like an air fryer instead of your oven — to consume less energy and avoid raising the temperature in your home. ▪ Use cold water when washing clothes instead of hot water, and that can save up to $160 a year for a family of four. Summer Discount Program FPL has some initiatives and online tools to help you this summer. ▪ You can offer to shut off your devices for a few minutes at time of high demand. It's on-call. You can save up to $90 per year, said FPL's Soriano. Budget billing ▪ Pay the same amount every month based on the past 12 months Online tools FPL's website has a way for you to see how much energy you use each day and ways to save throughout your house. It also has an interactive game called House of Savings
Yahoo
12-06-2025
- Business
- Yahoo
2 High-Yield Dividend Stocks You Can Buy and Hold Without Hesitation Through At Least 2027
NextEra Energy expects to grow its adjusted earnings per share at or near the top end of its 6% to 8% annual range through 2027. Clearway Energy has clear visibility to grow its cash available for distribution through 2027. Both companies should have plenty of power to continue increasing their high-yielding dividends over the next few years. 10 stocks we like better than NextEra Energy › There's a lot of uncertainty these days. Economists don't know how much tariffs and other policy changes will impact the economy. That can make it difficult to confidently invest. However, some companies have a lot of visibility into their ability to grow in the coming years. NextEra Energy (NYSE: NEE) and Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A) have shown clear visibility into their growth prospects through at least 2027. Because of that, they should have the power to continue growing their high-yielding dividends for the next few years. That visibility is why you can buy these high-yielding stocks without hesitation right now. NextEra Energy operates the largest electric utility in the country (FPL). It also owns one of the country's largest competitive clean energy businesses (NextEra Energy Resources). These entities generate very stable cash flow, backed by government-regulated rate structures and long-term, fixed-rate power purchase agreements. Forecasters expect power demand in the country to surge over the coming years, fueled by artificial intelligence (AI) data centers, electric vehicles, the onshoring of manufacturing, and other catalysts. That should support rising power prices and the need for more power-generating capacity. NextEra Energy expects to invest $120 billion into new energy infrastructure over the next four years. It has a large backlog of renewable energy projects underway, including significant solar power capacity installations at FPL. These dynamics drive the company's view that it can grow its earnings per share at or near the top end of its 6% to 8% annual target range through at least 2027. The company also expects to increase its dividend -- which, at an over 3% yield, is more than double the S&P 500's (SNPINDEX: ^GSPC) level -- by around 10% annually though at least next year. Given the growth ahead for power demand, the company will likely be able to continue growing its earnings and dividend at healthy rates well beyond that time frame. Clearway Energy is one of the largest owners of clean power-generating assets in the country. It sells this power to utilities and large corporate customers under long-term PPAs. The cash flow from these contracts supports its more than 5.5%-yielding dividend. The company cashed in on the value of its thermal assets a few years ago and has been steadily recycling that capital into higher-returning renewable energy investments. It has committed to investing in projects that will enter commercial service through 2027. In addition, the company has signed higher-rate PPAs for some of its natural gas-fired power generating capacity for 2027. These drivers give Clearway a clear line of sight to grow its cash available for distribution from $2.08 per share this year to more than $2.50 per share by 2027. The company has the financial flexibility to continue growing its cash flow at a mid-to-high single-digit rate beyond 2027 and a growing set of investment opportunities. The company's clear growth pathway also gives it a lot of visibility into its ability to increase its dividend. Its target is to pay $1.76 per share in dividends this year, a 6.75% increase from last year's level. It's aiming for 6.5% dividend growth next year, and increases in the bottom end of its 5% to 8% annual target range in 2027 and beyond. NextEra Energy and Clearway Energy have lots of visibility into their ability to grow their earnings and dividends over the next few years. Because of that, they should generate solid total returns as they grow shareholder value. Given their lower risk profiles and visible return potential, you can confidently buy and hold these high-yielding dividend stocks through at least 2027. Before you buy stock in NextEra Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and NextEra Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor's total average return is 996% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Matt DiLallo has positions in Clearway Energy and NextEra Energy. The Motley Fool has positions in and recommends NextEra Energy. The Motley Fool has a disclosure policy. 2 High-Yield Dividend Stocks You Can Buy and Hold Without Hesitation Through At Least 2027 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
E&E News
11-06-2025
- Business
- E&E News
NextEra Energy CEO urges Republicans to keep renewables on the table
The head of the one of the nation's largest power providers said he agrees with Republicans on the need for the United States to bring back domestic manufacturing and to win the AI race. But the GOP bid to repeal clean energy tax credits, attack China using trade rules and boost the nuclear and coal industry will make their goal to dominate in energy impossible. NextEra Energy Chair and CEO John Ketchum told the POLITICO Energy Summit on Tuesday that the anticipated surge in power demand over the next 20 years could make the country vulnerable to energy shortages and reliability problems if 'we take renewables off the table.' 'We cannot afford to do that. If we do that, we will lose the AI race, and we will bring this economic expansion in the United States to a screeching halt,' said Ketchum, whose FPL utility subsidiary is the power provider for President Donald Trump's Mar-a-Lago home in Palm Beach, Florida. Advertisement lead image
Yahoo
10-06-2025
- Business
- Yahoo
Energy powerhouse to Republicans: Don't ‘take renewables off the table'
The head of the one of the nation's largest power providers said he agrees with Republicans on the need for the United States to bring back domestic manufacturing and to win the AI race. But the GOP bid to repeal clean energy tax credits, attack China using trade rules and boost the nuclear and coal industry will make their goal to dominate in energy impossible. NextEra Energy Chair and CEO John Ketchum told the POLITICO Energy Summit on Tuesdaythat the anticipated surge in power demand over the next 20 years could make the country vulnerable to energy shortages and reliability problems if 'we take renewables off the table.' 'We cannot afford to do that. If we do that, we will lose the AI race, and we will bring this economic expansion in the United States to a screeching halt,' said Ketchum, whose FPL utility subsidiary is the power provider for President Donald Trump's Mar-a-Lago home in Palm Beach, Florida. High costs and long timelines to build new natural gas and nuclear plants — both of which GOP members have championed — mean neither source will be able to meet the growth in demand until 2032 or later, Ketchum said, so policy needs to companies like his can tap into a variety of energy sources. 'Our job at NextEra is to get electrons on the grid, I don't care what flavor they are,' he added. 'I don't care if it's renewables, gas or nuclear, I have to get electrons on the grid to accommodate all of the demand that we see in this country and do it at a reasonable cost.' NextEra is the nation's biggest owner of natural gas-fired power plants and the world's leading generator of electricity from wind and solar power. On the House Republicans' megabill, he said that the "foreign entity of concern" provisions that disqualify projects from receiving any tax credits if they have ties to China are 'unworkable' and impossible to comply with. When it comes to meeting America's needs, Ketchum said Republicans need to focus on equipment at a 'component level' and design a policy that is feasible for manufacturing companies to abide by. Relying on coal is not the answer either, Ketchum said. Trump has signed sweeping executive orders to try to boost coal, the dirtiest fossil fuel, including drawing on emergency powers to reinvigorate a coal industry that has been struggling for decades because of tightening environmental regulations and competition from less-expensive natural gas and renewables. For Ketchum, Trump's bid to revive coal is 'not going to make a dent.' He pointed out how many coal facilities have already been retired and how costly it is for consumers and utility companies to depend on coal for energy. 'The train has already left the station on coal,' he said.
Politico
10-06-2025
- Business
- Politico
Energy powerhouse to Republicans: Don't ‘take renewables off the table'
The head of the one of the nation's largest power providers said he agrees with Republicans on the need for the United States to bring back domestic manufacturing and to win the AI race. But the GOP bid to repeal clean energy tax credits, attack China using trade rules and boost the nuclear and coal industry will make their goal to dominate in energy impossible. NextEra Energy Chair and CEO John Ketchum told the POLITICO Energy Summit on Tuesday that the anticipated surge in power demand over the next 20 years could make the country vulnerable to energy shortages and reliability problems if 'we take renewables off the table.' 'We cannot afford to do that. If we do that, we will lose the AI race, and we will bring this economic expansion in the United States to a screeching halt,' said Ketchum, whose FPL utility subsidiary is the power provider for President Donald Trump's Mar-a-Lago home in Palm Beach, Florida. High costs and long timelines to build new natural gas and nuclear plants — both of which GOP members have championed — mean neither source will be able to meet the growth in demand until 2032 or later, Ketchum said, so policy needs to companies like his can tap into a variety of energy sources. 'Our job at NextEra is to get electrons on the grid, I don't care what flavor they are,' he added. 'I don't care if it's renewables, gas or nuclear, I have to get electrons on the grid to accommodate all of the demand that we see in this country and do it at a reasonable cost.' NextEra is the nation's biggest owner of natural gas-fired power plants and the world's leading generator of electricity from wind and solar power. On the House Republicans' megabill, he said that the 'foreign entity of concern' provisions that disqualify projects from receiving any tax credits if they have ties to China are 'unworkable' and impossible to comply with. When it comes to meeting America's needs, Ketchum said Republicans need to focus on equipment at a 'component level' and design a policy that is feasible for manufacturing companies to abide by. Relying on coal is not the answer either, Ketchum said. Trump has signed sweeping executive orders to try to boost coal, the dirtiest fossil fuel, including drawing on emergency powers to reinvigorate a coal industry that has been struggling for decades because of tightening environmental regulations and competition from less-expensive natural gas and renewables. For Ketchum, Trump's bid to revive coal is 'not going to make a dent.' He pointed out how many coal facilities have already been retired and how costly it is for consumers and utility companies to depend on coal for energy. 'The train has already left the station on coal,' he said.
