Powering Today.Empowering Tomorrow.

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FPL Group is a premier U.S. energy company

A Growing, Diversified and Financially Strong Company

Market Capitalization as of September 30, 2008Operating Revenue for the year ended December 31, 2007All other data as of June 30, 2008

Florida Power & Light

FPL Group

• One of the largest U.S. electric utilities• Vertically integrated, retail rate-regulated• 4.5 MM customer accounts• 22,135 MW in operation• $11.6 B in operating revenues • $25.9 B in total assets

• Successful wholesale generator• U.S. leader in renewable generation• Assets in 25 states and Canada• 16,077 MW in operation• $3.5 B in operating revenues• $16.4 B in total assets

FPL Energy

• $20.5 B market capitalization• 38,212 MW in operation• $15.3 B operating revenue• $43.8 B in total assets FPL Group Capital Inc

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• Favored by long term demographic trends

• Low cost operator

• High quality of service to our 4.5 million customer accounts

• Operational excellence

• Diverse fuel mix

• Emissions profile far better than the national average

• Constructive regulatory climate

Florida Power & Light is one of the best utility franchises in the U.S.

Florida Power & Light

Florida Power & Light’s Service Territory

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Based on the number of customers, Florida Power & Light Company is one of the largest U.S. utilities

Top 10 Companies by Total Retail Customers*

* Source: EEI Profiles and Rankings of U.S. Shareholder-Owned Electric Companies, August 2008 (which contains 2006 data which is the latest available); FPL is 2007 data

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FPL Energy: Focused on clean, renewable generation

• Primarily a wholesale power generator outside of Florida – Operate power plants and sell

output to utilities, retail electricity providers, cooperatives and municipal electric providers, large industrial companies

• 89 projects in 26 states• Industry leading position in

wind– Largest U.S. developer, owner &

operator

• Largest generator of solar energy in the country

16,077 net MW in operation

Data as of 6/30/08

FPL Energy operations

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Stateline Stateline (wind) (wind)

Vansycle (wind) Vansycle (wind)

POSDEF (coal)POSDEF (coal)

SEGS (solar)SEGS (solar)

BlytheBlythe (CC)(CC)

Gray CountyGray County (wind) (wind)

Lamar (CC)Lamar (CC)

Forney (CC)Forney (CC)

Southwest Mesa (wind)Southwest Mesa (wind)Woodward Mt. (wind)Woodward Mt. (wind)Indian Mesa (wind)Indian Mesa (wind)King Mt. (wind)King Mt. (wind)

Lake Benton II (wind)Lake Benton II (wind)

SomersetSomerset(wind)(wind)

Doswell (CC/CT) )Doswell (CC/CT) )

CherokeeCherokee(CC)(CC)

Maine Hydro SystemMaine Hydro System

Cape (GT Oil)Cape (GT Oil)

W.F. Wyman (Oil)W.F. Wyman (Oil)

OperatingOperatingUnder construction/ Under construction/ developmentdevelopment(as of 06/30/08)(as of 06/30/08)

Bayswater (CT)Bayswater (CT)

MontfortMontfort(wind)(wind)

CalhounCalhoun(CT)(CT)

BellinghaBellinghamm

(CC)(CC)

MountaineerMountaineer(wind)(wind)

North Dakota (wind)North Dakota (wind)

South Dakota (wind)South Dakota (wind)

Cerro Cerro GordoGordo

(wind)(wind)

Marcus HookMarcus Hook (CT & CC)(CT & CC)

HancockHancock(wind)(wind)

New MexicoNew Mexico (wind) (wind)

High WindsHigh Winds(wind)(wind)

Jamaica Bay (CT)Jamaica Bay (CT)

Delaware Mt.Delaware Mt. (wind)(wind)

Rhode Island State Energy Center Rhode Island State Energy Center (CC)(CC)

Mill RunMill Run(wind)(wind)

Green Green MountainMountain

(wind)(wind)

SayrevilleSayreville (CC)(CC)

WaymartWaymart(wind)(wind)

OklahomaOklahoma(wind)(wind)

Wyoming (wind)Wyoming (wind)

MeyersdaleMeyersdale (wind)(wind)

Cabazon (wind)Cabazon (wind)

Green PowerGreen Power(wind)(wind)

Seabrook (nuclear)Seabrook (nuclear)

WPP93 WPP93 (wind) (wind)

WPP93 (wind)WPP93 (wind)

WPP94 (wind)WPP94 (wind)

WeatherfordWeatherford (wind)(wind)

HorseHorseHollow I, II & IIIHollow I, II & III(wind)(wind)

Wilton (wind)Wilton (wind)

Duane Duane Arnold Arnold (nuclear)(nuclear)

Oliver I & II (wind)Oliver I & II (wind)

Mower Mower (wind)(wind) Diablo (wind)Diablo (wind)

WPP90 (wind)WPP90 (wind) WPP91 (wind)WPP91 (wind) WPP91-92 (wind)WPP91-92 (wind) WPP92 (wind)WPP92 (wind) Green Ridge (wind)Green Ridge (wind)

Mojave 3 & 5 (wind) Mojave 3 & 5 (wind) Mojave 16/17/18Mojave 16/17/18 (wind)(wind) Sky River (wind)Sky River (wind) TPC (wind)TPC (wind) Victory Garden (wind)Victory Garden (wind)

Red Canyon (wind)Red Canyon (wind)

Peetz Table Peetz Table (wind)(wind)

Callahan Divide Callahan Divide (wind)(wind)

Point Beach Point Beach (nuclear)(nuclear)

Endeavor (wind) Endeavor (wind)

Langdon (wind)Langdon (wind)

Birch (coal)Birch (coal)

Ebensburg (coal)Ebensburg (coal)

Montgomery County Montgomery County (waste)(waste)Logan (wind)Logan (wind)

Crystal Lake Crystal Lake (wind) (wind)

Story CountyStory County (wind) (wind)

Capricorn Ridge Capricorn Ridge And Expansion And Expansion (wind)(wind)

Wolf Ridge (wind)Wolf Ridge (wind)

Astabula (wind)Astabula (wind)

FPL Energy’s portfolio is diversified both geographically and by generation type

FPL Energy Portfolio

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A Diversified Portfolio at FPL Energy

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Over 27,000Net-MWs

FPL Group has a clean generation portfolio (38,212 Net-MWs) 1

Oil 4%

Oil/Gas 21%

Coal 2%

Hydro 1%

Natural Gas 43%

Nuclear 14%

Wind 15%

More than70% of portfoliofrom clean sources

Focus on Clean Fuel Generation

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Oil/Gas 21%

Natural Gas 43%

Nuclear 14%

Wind 15%

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Avg. = 1,335 lbs/MWhCO2

EmissionsRate(Lbs/MWh)

Electric Power Sector CO2 Emissions Rate by Company

Source: NRDC Report, “Benchmarking the Top 100 Power Producers” – 2006 Data

FPL Group is one of the cleanest generators in the country

Company

Clean Energy Group

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Ranked  #1 among electric and gas utilities on Fortune magazine’s annual list of America’s Most Admired Companies two years in a row.

We were #1 in all eight criteria:

•Innovation•People Management•Use of Corporate Assets•Social Responsibility•Quality of Management•Financial Soundness•Long-term Investment•Quality of Products & Services

Accomplishments – FPL Group

We’re still the ONE 2 years in a row!

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Corporate Vision

“We will be the preferred provider of safe, reliable and cost-effective products and services that satisfy the electricity-related needs of

all customer segments.”

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Opportunities within FPL Group

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For more information about FPL Group visit our website at: www.fpl.com