Market News

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.

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