November 29, 2001

FPL Group discontinues trading with Enron, says net income exposure is less than $2 million

JUNO BEACH, Fla. -- FPL Group, Inc. (NYSE: FPL) today said it continues to be optimistic about the vitality of its electricity-related businesses and indicated its exposure is minimal from the very serious difficulties being experienced by Enron.

"Currently, FPL Group has net income exposure to Enron of less than $2 million," said Moray Dewhurst, chief financial officer.

"The company has taken aggressive actions over the past three to four weeks to minimize its outstanding credit exposure to Enron," said Mr. Dewhurst. "Over the last few weeks we have reduced our trading with Enron and have correspondingly reduced our exposure. As of yesterday, we have suspended all trading with Enron."

Caution regarding forward-looking statements: Any statements made herein about future operating results or other future events are forward-looking statements under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ substantially from such forward-looking statements. A discussion of factors that could cause actual results or events to vary is contained in FPL Group's 2000 SEC Form 10-K.

FPL Group, with annual revenues of more than $7 billion, is one of the nation's largest providers of electricity-related services. Its principal subsidiary, Florida Power & Light Company, serves approximately 3.9 million customer accounts in Florida. FPL Energy, LLC, an FPL Group energy-generating subsidiary, is a leader in producing electricity from clean and renewable fuels. Additional information is available on the Internet at www.fplgroup.com, www.fpl.com and www.fplenergy.com.