NextEra Energy's Utilities Fall Short in Energy Efficiency

Utilities in Florida trail well behind those in other states in their commitment to energy efficiency, according to an analysis by the Southern Alliance for Clean Energy (SACE). The environmental advocacy group found NextEra Energy (NYSE: NEE) as one of the biggest laggards. 

In 2019, SACE found that NextEra subsidiary Florida Power & Light (FPL) only saved 54.2 gigawatt-hours (GWh) of electricity via its efficiency programs. That was about two-thirds the level of Duke Energy's (NYSE: DUK) Florida utility and less than half of the savings of Tampa Electric Company (TECO). Those meager savings came even though NextEra sells three times as much electricity as Duke and six times what TECO sells.  

Image source: Getty Images.

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Source Fool.com