Hunton Andrews Kurth Advises on Florida Power & Light Company’s $167 Million Qualified Replacement Property Notes

Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by Florida Power & Light Company (FPL) of $167 million aggregate principal amount of Qualified Replacement Property Notes, Series due July 2, 2074.

FPL is a rate-regulated electric utility engaged primarily in the generation, transmission, distribution and sale of electric energy in Florida. FPL is the largest electric utility in the state of Florida and one of the largest electric utilities in the U.S. At December 31, 2023, FPL had approximately 33,276 MW of net generating capacity, approximately 90,000 circuit miles of transmission and distribution lines and 883 substations. FPL provides service to its customers through integrated transmission and distribution systems that link its generation facilities to its customers. FPL serves more than 12 million people through more than 5.9 million customer accounts. FPL’s service areas cover most of the east and lower west coasts of Florida and are in 10 counties throughout northwest Florida.

The Hunton Andrews Kurth team included Steven C. Friend, Jingyi “Alice” Yao, Monika M. Dziewa and Gabrielle Kraushaar.