Florida Power & Light Company named national ReliabilityOne® award winner for reliability and value
Rhea-AI Summary
Florida Power & Light Company (NYSE: NEE) received PA Consulting's 2025 ReliabilityOne® National Reliability Award and the inaugural Reliability Value Award for delivering top-tier reliability and low customer bills to more than 6 million accounts.
Key metrics highlighted: FPL reported its best year ever for system reliability in 2024, 40% improvement in overall reliability over two decades, 59% better service reliability than the national average, 82% of main lines hardened, 96% of transmission structures steel/concrete, >3,200 underground projects since 2019, and 227,000 intelligent devices that helped avoid 15 million customer outages since 2011.
Positive
- 6 million accounts served by FPL
- Best year ever for system reliability in 2024
- 40% improvement in overall reliability over two decades
- 59% better service reliability vs national average
- 82% of main power lines hardened systemwide
- 227,000 intelligent devices installed avoiding 15 million outages since 2011
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, NEE declined 2.21%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Why it matters: Today, FPL customers benefit from top-tier reliability. The award recognizes FPL's commitment to superior performance, continuous improvement and effective response to severe weather events.
By the numbers
: Through continuous, smart investments and dedication to service, FPL delivered its best year ever for overall system reliability in 2024 according to key industry metrics. For nearly a decade, FPL's reliability has ranked in the top
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40% improvement in overall system reliability in the past two decades. -
59% better service reliability than the national average. -
82% of FPL's main power lines, systemwide, are hardened – serving critical services such as hospitals and 911 call centers. -
96% of FPL's transmission structures are steel or concrete. - More than 3,200 Storm Secure Underground Program projects have converted neighborhood power lines underground since 2019.
- 227,000 intelligent devices installed across the FPL grid prevent outages before they happen and enable faster power restoration, avoiding 15 million customer outages since 2011.
A word from FPL Vice President of Power Delivery Mike Jarro:
"This recognition reflects our team's unwavering commitment to delivering the reliable service our customers depend on every single day. Our investments in smart grid technology and infrastructure resilience ensure
A word from PA Consulting's ReliabilityOne® Program Director Derek HasBrouck: "Since its inception 25 years ago, PA Consulting's ReliabilityOne® program has identified and honored industry- leading utilities that consistently deliver reliable and resilient service to their customers. FPL is one of few organizations leading the way in demonstrating to customers, employees and external stakeholders what it means to continuously deliver excellence in reliability and provide an elevated experience."
Dig Deeper: The selection criteria for the ReliabilityOne® National Reliability Award are both quantitative and qualitative and include superior regional performance, continuous improvement, leadership in outage data collection, organizational focus on reliability and resiliency and effective response to major outage events.
Also notable: This marks the eighth time in eleven years FPL has earned this prestigious national reliability award. It is the first-ever recipient of the national Reliability Value Award.
About Florida Power & Light Company
As America's largest electric utility, Florida Power & Light Company serves more customers and sells more power than any other utility, providing clean, affordable, reliable electricity to more than 6 million accounts, or approximately 12 million people. FPL operates one of the most fuel efficient and cleanest power generation fleets in the
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We believe in the power of ingenuity to build a positive human future. As strategies, technologies, and innovation collide, we create opportunity from complexity. Our diverse teams of experts combine innovative thinking and breakthrough technologies to progress further, faster. Our clients adapt and transform, and together we achieve enduring results. We are about 4,000 strategists, innovators, designers, consultants, digital experts, scientists, engineers, and technologists. And we have deep expertise in consumer and manufacturing, defense and security, energy and utilities, financial services, government and public services, health and life sciences and transport. Our teams operate globally from offices across the US,
PA Consulting's ReliabilityOne® awards are presented to electric utilities providing their customers with the highest levels of reliability in the industry. PA Consulting's ReliabilityOne® study is based on standard industry reliability statistics that measure the frequency and duration of electric power outages. As a group, ReliabilityOne® participants on average experienced over
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SOURCE Florida Power & Light Company