Profile

FPL Group, Inc. is one of the nation’s largest providers of electricity-related services and is nationally known as a high-quality, efficient and customer-driven organization.

Its principal subsidiary, Florida Power & Light Company, serves more than eight million people along the eastern seaboard and southern portion of Florida.

FPL Energy, LLC, FPL Group’s wholesale energy subsidiary, is a leader in producing electricity from clean and renewable fuels. Together, FPL’s and FPL Energy’s generating assets represent approximately 30,000 megawatts of capacity.

FPL FiberNet provides wholesale fiber-optic services and fiber-optic cable to Internet service providers and telecommunications companies in Florida.

This publication is an annual review of the performance of FPL Group and its subsidiaries in 2003. You may view the company’s Consolidated Financial Statements, including the Notes to Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations, in the 2004 Proxy Statement mailed to all shareholders of record as of March 16, 2004.