Gulf Power

Gulf Power was an electric utility owned by NextEra Energy and it merged with Florida Power & Light in early 2022. Gulf Power was previously owned by Southern Company and sold to NextEra in 2018 for $6.475 billion. At the time of the sale, Gulf Power served approximately 460,000 customers in Northwest Florida.

Featured Articles

As Customers Struggled, Utility CEOs’ Pay Spiked Last Year

While many Americans saw their energy bills go up substantially in the past year, investor-owned electric and gas utilities and the country’s largest publicly owned utility paid their CEOs over $647 million in 2023, an increase of 9 percent over 2022, an analysis by the Energy and Policy Institute has found. The CEOs for the...

Utility CEOs received $3.2 billion in executive compensation from 2017 – 2022

Investor-owned electric and gas utilities paid their CEOs $3.2 billion between 2017 and 2022, according to corporate data reviewed by the Energy and Policy Institute. CEOs for the 57 companies reviewed for this analysis received more than $578 million in 2022. Total utility CEO compensation declined from last year, as it did for most other...

Utility CEOs received $2.7 billion in executive compensation from 2017 – 2021

Investor-owned electric and gas utilities paid their CEOs $2.7 billion between 2017 and 2021, according to corporate data reviewed by the Energy and Policy Institute. CEOs for the 58 companies reviewed for this analysis received more than $629 million in 2021, a nearly 40% increase from the $451 million paid in 2017. That is far...

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