Hurricane Irma, which is now a Category 3 storm,has been making its way toward Florida and southeastern United States after wrecking Caribbean Islands. The storm, one of the strongest Atlantic Ocean hurricanes ever recorded, is expected to make U.S. landfall this weekend.
NextEra Energy Inc. (NEE – Free Report) : NextEra Energy provides retail and wholesale electricity services to approximately 4.9 million customers in eastern and southern Florida through its subsidiary Florida Power & Light Company (FPL). It currently carries a Zacks Rank #3 (Hold).
The company is ready to shut down its four nuclear reactors as a precautionary measure as the storm approaches. The spokesperson of FPL said that the company has nearly 15,000 crew members to help in restoration of power in Florida. Since 2006, FPL has invested nearly $3 billion to strengthen its electricity transmission and distribution.
