NextEra (NYSE:NEE) Unit Plans to Refund $400M to Customers in Tax Savings
NextEra’s (NYSE:NEE) Florida Power Light (FPL) unit is planning to refund $400 million in savings to about 5.8 million customers. The savings are a result of production tax credits on the large-scale solar energy centers the company is setting up in Florida. FPL is planning $25 million in a one-time refund in January next year and the remaining savings will be phased in over solar projects in the future between 2023 and 2025.
NextEra (NYSE:NEE) Unit Plans to Refund $400M to Customers in Tax Savings
NextEra’s (NYSE:NEE) Florida Power Light (FPL) unit is planning to refund $400 million in savings to about 5.8 million customers. The savings are a result of production tax credits on the large-scale solar energy centers the company is setting up in Florida. FPL is planning $25 million in a one-time refund in January next year and the remaining savings will be phased in over solar projects in the future between 2023 and 2025.