About Us — FPL Group

FPL Group

Florida Power & Light

NextEra Energy Resources

FPL Group: Shaping the Future

FPL Group Profile A leading clean-energy company with 2008 revenues of more than $16 billion and a presence in 27 states and Canada, FPL Group has a market position that is highly prized in the energy industry.

FPL Group is North America’s top producer of energy from the wind and the sun, with a greenhouse gas emissions rate among the lowest of any large power company. The company’s strong balance sheet and commitment to financial discipline allowed it to attract capital in 2008 at reasonable rates even in challenging financial markets.

FPL Group’s competitive energy subsidiary, NextEra Energy Resources LLC, is the nation’s leading renewable energy provider. Another principal subsidiary, Florida Power & Light Company, is one of the largest and best-performing rate-regulated utilities in the nation, serving 4.5 million customer accounts. It ranks No. 1 among electric utilities nationwide in energy-efficiency programs.

Through its subsidiaries, FPL Group collectively operates the third-largest U.S. nuclear power generation fleet.

FPL Group Highlights (2008)


	Operating Revenues	$16,410 million
	Net Income	$1,639 million
	Earnings per Share (assuming dilution) Net unrealized mark-to-market (gains) losses associated with non-qualifying hedges – NextEra Energy Resources Other than temporary impairment losses - net	$4.07 ($0.42) $0.19
	Adjusted Earnings per Share	$3.84
	Cash Flows from Operating Activities	$3,403 million
	Total Assets	$44,821 million
	Total Generating Capacity (includes purchased power)	41,925 megawatts
	Employees (year end)	15,296
	Geographic Presence	Operations in 27 states and Canada

Tomorrow's Energy Company, Today

FPL Group has long been recognized as an industry leader. In addition to consistently achieving outstanding operating and financial results, the company has demonstrated a strong commitment to the environment and the communities it serves. Here are the 2008 highlights of that leadership:

Strong Performance

Another strong financial performance in 2008, delivering record adjusted earnings per share of $3.84
Adjusted earnings per share grew by 10 percent, the third consecutive year of double-digit growth
Since 2002, better performance than 84 percent of the companies in the S&P Utility Index and 85 percent of the companies in the S&P 500 Index, as measured by total shareholder return
U.S. leader in megawatts of wind energy added for the seventh time in the last eight years

Environmental Leadership

Largest renewable energy company in the United States
No. 1 wind-energy producer in North America and No. 2 globally
No. 1 solar-power operator in the nation
One of the lowest emissions profiles among U.S. utilities
Strong supporter of legislation to address climate change by setting a price on carbon dioxide emissions
FPL No. 1 among electric utilities nationwide for energy-efficiency programs, avoiding the need to build 12 power plants

Social Responsibility

Support for families and individuals in need through a number of programs, including FPL Care to Share^®, FPL ASSIST and the Medically Essential Service Program
Commitment to education through activities such as The Electrifying Experience, Captain Conservation, scholarships, power plant field trips and teacher workshops
$5.6 million in charitable and civic contributions and scholarships in 2008
Strong support for United Way, the Loggerhead Marinelife Center in Juno Beach, Fla., Race for the Cure and many other causes important to FPL Group communities
Engagement of employees as local volunteers for activities ranging from blood drives and U.S. troop support to building Habitat for Humanity homes
Concern for employee and public safety through monthly bill inserts, a Web site just for kids and school safety programs

Recognition

As in years past, FPL Group was recognized in 2008 and early 2009 by a number of key industry organizations and publications:

For the third year in a row, FPL Group in 2009 was ranked No. 1 among electric and gas utilities in Fortune magazine’s Most Admired Companies listing. FPL Group was ranked No. 1 each year on these attributes of the survey: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investments, and quality of products/services.
FPL Group was named one of the World’s Most Ethical Companies in 2009 by Ethisphere magazine, a ranking also received in 2007 and 2008.
In 2008 and again in 2009, FPL Group was selected one of the “Global 100” most sustainable large corporations in the world by Corporate Knights and Innovest. The 2009 announcement, made at the Davos World Economic Forum in Switzerland, marked the fifth straight year the company was included on the list.
Forbes magazine in 2008 included FPL Group among the “400 Best Big Companies in America” list. To be included, companies were required to meet benchmarks for financial growth rates and returns, corporate governance, accounting standards and background checks.
CRO (Corporate Responsibility Officer) magazine and IW Financial named FPL Group one of the “100 Best Corporate Citizens” in the United States for 2008.
FPL Group received Florida Gov. Charlie Crist’s “Green to Gold” Award in its inaugural year of 2008. Presented by Enterprise Florida, the honor is given to companies or organizations focused on developing green products and advocating for sustainable management of resources.
On March 1, 2009, Governance Metrics International awarded FPL Group with an overall global rating of 10.0, the highest assigned. In its release of new ratings and research reports for 4,200 companies in its system, GMI recognized only 43 companies, or 1 percent, with a 10.0 rating. In its announcement, GMI congratulated FPL Group for maintaining what it views as best-in-class corporate governance standards.
Human Resource Executive magazine listed FPL Group as one of 50 U.S. and international companies most admired in four categories of human resources attributes: people management, innovation, product/service quality and management quality.
The American Heart Association awarded FPL Group with platinum-level recognition as a Start Fit Company for offering its employees a comprehensive health and fitness program.
FPL received the ServiceOne™ Award for top-rated customer service among utilities in North America for the fifth consecutive year. FPL’s Customer Care Center also received a ServiceOne™ Balanced Scorecard Achievement Award in recognition of outstanding performance within a specific area of customer service.
For the seventh consecutive year, FPL received the Tree Line USA Award. Sponsored by the Arbor Day Foundation in cooperation with the National Association of State Foresters, the award recognizes utilities that demonstrate quality tree care practices, annual worker training and public education programs, such as the company’s Right Tree, Right Place campaign.

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