Florida Power & Light Company, the principal subsidiary of NextEra Energy Inc. is the largest power utility in Florida. It is a Juno Beach, Florida-based power utility company serving roughly 5 million customers in Florida. It is a rate-regulated electric utility that generates, transmits, distributes, and sells electric energy. In 2020, the company was ranked as the nation's most reliable electric power utility for the fifth time in six years. In January 2021 Gulf Power Company was merged into FPL, extending the combined service territory into northwest Florida. Gulf Power operated as a separate division within FPL through 2021.