MIAMI (AP) — The Florida Power & Light Company must pay a $25 million penalty for a massive outage that left nearly a million homes and businesses without power last year.
The agreement with FPL, the Federal Energy Regulatory Commission and the North American Electric Reliability Corporation was announced Thursday. The company agreed to pay $10 million to the U.S. Treasury and $10 million to NERC.
According to a news release, $5 million was reserved for "enhancements to FPL's reliability compliance program, equipment maintenance program, and emergency operating procedures."
A fire at a Miami-area substation led to massive blackouts across the state in February 2008. FPL says more than 500,000 customers were affected.