Since 1950 when Florida Power & Light Co. joined the New York Stock Exchange, the state’s largest utility has held its annual shareholders meeting in Florida.
This year it’s breaking that 62-year tradition and heading to Dallas. Parent company NextEra Energy’s top executives and board of directors, FPL officials and others are expected to be in attendance at the event on May 23.
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Florida vs. Texas
NextEra Energy Inc., parent company of Florida Power & Light Co., is changing a long-standing tradition of holding its annual shareholders meeting in Florida.
The meeting is scheduled to be held at the Renaissance Hotel in Dallas on May 23.
In 2010 the parent company changed its name from FPL Group Inc.
More than $10 billion of the NextEra’s total revenue of $14.2 billion in 2012 was from FPL.
FPL owns $34.8 billion in assets.
NextEra operates in 26 states in the U.S. and four provinces in Canada.
There are 79,000 NextEra shareholders in Florida and 25,000 shareholders in Texas
Source: NextEra 2012 annual report