FPL Group Inc. has proposed to shareholders that its name be changed to NextEra Energy Inc., the Juno Beach, FL-based company said Friday.
FPL Group’s principal subsidiaries — Florida Power & Light Co. (FPL) and NextEra Energy Resources LLC — would retain their current names. FPL Group’s New York Stock Exchange ticker symbol would change from FPL to NEE.
The company’s board has approved the name change, and shareholders will be asked to give their approval at the company’s annual meeting, which is scheduled to be held May 21.
The new name would better reflect the company’s “scale as one of the largest and cleanest energy providers in the country, its diverse scope of operations across 28 states and Canada, and its forward-thinking, innovative approach to providing energy-related solutions for customers,” FPL Group said. The name change would also help distinguish between FPL Group and subsidiary FPL.
The announcement comes more than a year after FPL Group subsidiary FPL Energy was renamed NextEra Energy Resources LLC. That name change was made to better reflect the subsidiary’s “clean energy mission and market focus,” FPL said at the time.
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