FPL proposes name change to NextEra Energy

22 March 2010

FPL Group, Inc. has announced plans to change its name to NextEra Energy, Inc. The change has been approved by the FPL Group Board of Directors and is being submitted to shareholders for approval at the company’s Annual Meeting, which is scheduled for 21 May 2010.

The change is intended to better reflect the company’s scale as one of the largest and cleanest energy providers in the country, its diverse scope of operations across 28 states and Canada, and its forward-thinking, innovative approach to providing energy-related solutions for customers, according to a company statement.

“While we are excited about NextEra Energy as a corporate name, we are also mindful of our heritage. For decades within Florida, the FPL name has stood for an unfailing commitment to providing customers with affordable, reliable, clean energy, and that is our continuing commitment. The FPL name has a proud history and tradition of excellence, and we will continue to use it for our utility operations in the state of Florida,” chief executive officer Lew Hay said.

Subject to receipt of shareholder approval and completion of other legal formalities, FPL Group, Inc. will change its name to NextEra Energy, Inc. Its principal subsidiaries will maintain their current names, NextEra Energy Resources, LLC, and Florida Power & Light Company.

FPL Group owns and operates five nuclear power plants: St. Lucie, Turkey Point, Seabrook, Duane Arnold and Point Beach.

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