October 18, 2002
FPL Group elects James L. Camaren to board of directors
JUNO BEACH, Fla. - FPL Group, Inc. (NYSE: FPL) today
announced James L. Camaren has been elected to its board of directors. Camaren
is chairman and chief executive officer of Utilities, Inc., one of
the largest investor-owned water utilities with 275,000 customers
in 17 states.
Camaren joined the company, based in North Brook, Ill., in 1987
and has served as vice president of business development, executive
vice president, and vice chairman.
Since Camaren became chairman in 1996, Utilities, Inc. has had customer
growth approximately three times the industry average; acquired and
assimilated over 40 utilities, which has doubled the size of the
customer base; achieved consistent annual returns on equity which
has averaged more than 15 percent; realized a compounded annual growth
rate for net income in excess of 15 percent; and increased the market
value of shareholder equity approximately five-fold.
Nuon, a Dutch company, purchased Utilities, Inc. in March of this
year.
Prior to joining Utilities, Inc., Camaren was a senior financial
analyst for Amoco Corporation, responsible for financial evaluations
of both exploration and production opportunities in Africa and the
Middle East. Camaren holds a bachelor's degree in economics from
UCLA and a master's of science degree in industrial administration
from Carnegie-Mellon University.
Camaren is one of 13 members serving on the FPL Group board of directors.
Florida Power & Light Company is the principal subsidiary
of FPL Group, Inc. (NYSE: FPL), nationally known as a high quality,
efficient and customer-driven organization focused on energy-related
products and services. With annual revenues of more than $8 billion
and a presence in 20 states, FPL Group is widely recognized as
one of the country's premier power companies. Florida Power & Light
Company serves approximately 4 million customer accounts in Florida.
FPL Energy, Inc., FPL Group's energy-generating subsidiary, is
a leader in producing electricity from clean and renewable fuels.
Additional information is available on the Internet at
www.fpl.com,
www.fplgroup.com and
www.fplenergy.com.

|