FPL Dividend Policy Free Essay, Term Paper and Book Report
Dividend Policy at PFL Group, Inc.
FPL An Overview
FPL Group, Inc. is Floridas largest electric utility company. In 1925, through the consolidation of numerous electric and gas companies, they formed Florida Power & Light Company (FP&L). FP&L grew steadily over the next 50 years until rising fuel costs, operating issues, and construction costs began to decrease profitability. In the mid-1980s, FPL diversified with four major acquisitions - Colonial Penn Life Insurance Company, Telesat Cablevision, Inc., CBR Information Group Inc., and Turner Foods Corporation- in order to minimize the potential risk within the utilities industry.
To address problems in operations, FPL began a rigorous program of Japanese-inspired quality control. Management succeeded in transforming FPL into a lean operational system resulting in a drop in scheduled downtime from 18% to 4%, while customer complaints also fell by 60%. By 1989, FPL was recognized as one of the best-managed U.S. corporations. Despite the progress in quality, FPL was still dealing with problems: Colonial Penn wa......
Word Count: 3043
Page Count: 12.1 (250 words a page / double spaced)
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