Armando Olivera is chief executive officer of Florida Power & Light Company (FPL), a subsidiary of NextEra Energy, Inc. (NEE) and one of the largest investor-owned electric utilities in the nation. He was appointed to his current position in June 2003. Mr. Olivera plans to retire in May 2012 after observing his 40th anniversary with the company.
Under Mr. Olivera’s leadership, FPL’s typical customer bill is the lowest out of the state’s 55 utilities and 25 percent below the national average. At the same time, FPL customers enjoy reliability that is in the top quartile of utilities nationwide. In addition, FPL produces cleaner electricity with a carbon dioxide emissions rate that is 35 percent better than the industry average. To help deliver these benefits, Mr. Olivera has managed a multiyear, multibillion dollar capital investment program that includes expansion of nuclear capacity, a new natural gas, combined-cycle power plant that is the most efficient of its kind in the nation, and three new solar energy centers that have made Florida No. 2 in the nation in solar power. FPL also has one of the leading energy efficiency programs in the United States.
Mr. Olivera joined FPL in 1972. Prior to being named to his current role, he was senior vice president of FPL’s power systems business unit. He holds a bachelor of science degree in electrical engineering from Cornell University and a master of business administration degree from the University of Miami.
Florida Power & Light Company is the largest electric utility in Florida and one of the largest rate-regulated utilities in the United States. FPL serves approximately 4.6 million customer accounts and is a leading Florida employer with approximately 10,000 employees. The company consistently outperforms national averages for service reliability while its typical residential customer bills, based on data available in December 2011, are about 25 percent below the national average. A clean energy leader, FPL has one of the lowest emissions profiles and one of the leading energy efficiency programs among utilities nationwide. FPL is a subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit www.FPL.com.