{"product_id":"florida-power-light-company-bond-from-1989-now-nextera-energy-1","title":"Florida Power \u0026 Light Company Bond from 1989 now NextEra Energy","description":"\u003cp\u003eThis listing includes your choice of two different color variants of an original bond from Florida Power \u0026amp; Light Company, dated 1980s. Available in red, green, and a 2x color combo, each features an oval vignette in the upper center depicting a panoramic Florida scene: a space rocket launching at left with exhaust clouds, modern high-rise buildings at center, palm trees framing both sides, a stylized sunburst radiating behind the skyline, and a sailboat on calm water in the foreground. The border runs a repeating wave pattern in the certificate's ink color with circular cartouche medallions at each corner. Printed by the American Bank Note Company.\u003c\/p\u003e\n\u003cp\u003eThis bond was issued, paper is clean with light fold lines consistent with its age. Cancelled with multiple plain circular punch holes through the center body, the corporate seal area, and along the left margin, indicating it was redeemed. Offered as a collectible.\u003c\/p\u003e\n\u003cp\u003eFlorida Power and Light Company was incorporated in 1925 and spent the following decades weaving itself into the infrastructure of a state that would grow faster than almost any other in the twentieth century. By 1989, Florida was adding roughly a thousand new residents every single day, and FP\u0026amp;L was racing to build the generation and transmission capacity to keep pace. The company issued first mortgage bonds like this one to finance that expansion, securing the debt against its physical assets at a moment when utilities across the country were navigating the high interest rate hangover of the early 1980s.\u003c\/p\u003e\n\u003cp\u003eThe company later reorganized under the holding company FPL Group, which rebranded as \u003cstrong\u003eNextEra Energy\u003c\/strong\u003e and went on to become one of the world's largest producers of wind and solar power. Florida Power and Light itself continues to operate as NextEra's primary subsidiary, serving more than five million customer accounts across the state.\u003c\/p\u003e\n\u003cp\u003eThe vignette on this bond tells a story that is very specific to Florida in 1989: Cape Canaveral and the Kennedy Space Center sit about two hundred miles up the coast from FP\u0026amp;L's Juno Beach headquarters, and the rocket launch depicted here is a deliberate nod to the state's identity as the gateway to American space exploration. Collectors of utility bonds and Florida Americana find this combination of aerospace imagery, 1980s skyline, and American Bank Note Company printing particularly compelling. The American Bank Note Company, which produced this bond, was the premier securities engraving house in the United States for over a century, and its imprint is a mark collectors recognize and seek out.\u003c\/p\u003e","brand":"Ticker History","offers":[{"title":"Red","offer_id":52805684494623,"sku":"UTIL-FP\u0026L-BI-RED-1989-001-TER","price":29.99,"currency_code":"USD","in_stock":true},{"title":"Green","offer_id":52805684527391,"sku":"UTIL-FP\u0026L-BI-RED-1989-001-GRN","price":29.99,"currency_code":"USD","in_stock":true},{"title":"2x Color Combo","offer_id":52805684560159,"sku":"UTIL-FP\u0026L-BI-RED-1989-001-2X","price":29.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0836\/8757\/1743\/files\/1363de00-93d8-47f2-9009-c9687e14d974_56ba5168-5553-41a7-ac68-2ad2b8040031.jpg?v=1787536265","url":"https:\/\/shop.tickerhistory.com\/products\/florida-power-light-company-bond-from-1989-now-nextera-energy-1","provider":"Ticker History","version":"1.0","type":"link"}