Florida Power & Light Co. engages in the generation, transmission, distribution, and sale of electric energy to residential and industrial customers. It operates through the following segments: FPL, NEER, and Corporate and Others. The FPL segment comprises of the rate-regulated utility business. The NEER segment consists of competitive and rate-regulated transmission businesses. The Corporate and Others refers to the other business activities. The company was founded in 1925 and is headquartered in Juno Beach, FL.