As an Early Adopter of Clean Energy, FPL Group Has One of the Lowest Emissions Profiles in the Electric Power Sector

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Wed Sep 9, 2009 11:58am EDT

Company`s Clean-Energy Leadership Highlighted in Latest Sustainability Report
JUNO BEACH, Fla.--(Business Wire)--
After years of quietly building what has become the largest renewable energy
business in the nation, FPL Group, Inc. (NYSE:FPL) has established itself as one
of the nation`s cleanest electric power providers. More than anything else, this
defines the company`s commitment to sustainable business practices. 

"In an era when climate change threatens potentially catastrophic consequences
for the planet, sustainability confronts corporate America with a simple
question: What are you doing to reduce your carbon dioxide emissions? At FPL
Group, we have a simple answer: A lot. Through our substantial investments in
low-carbon electricity generation, we are now one of the cleanest power
companies in the nation," FPL Group Chairman and CEO Lew Hay said in the
company`s 2009 Sustainability Report (www.FPLGroup.com/pdf/sustain-report.pdf).
The report, issued today, comes less than a week after FPL Group was named to
the 2009 Dow Jones Sustainability Index. 

FPL Group`s commitment to sustainability is defined not merely by the company`s
words but by its actions. Here are 10 facts from the report that highlight FPL
Group`s clean-energy leadership: 

1. FPL Group is the No. 1 producer of wind power in North America. 

2. FPL Group now generates more electricity from its wind farms than from its
largest nuclear power plant. 

3. FPL Group owns the largest wind farm in the world, the 736 megawatt Horse
Hollow Wind Energy Center in Texas. 

4. FPL Group is the No. 1 producer of solar power in North America. 

5. FPL is building 110 megawatts of solar power in Florida, which will vault the
state into second place nationwide in solar generation. 

6. FPL Group operates the largest solar power plants in the world, the 310
megawatt Solar Electric Generating Systems in California`s Mojave Desert. 

7. FPL Group`s carbon dioxide emissions rate is half the industry average. 

8. If every utility in the nation were as clean as FPL Group, total U.S. CO2
emissions would be cut by 20 percent, equivalent to removing eight of every 10
vehicles from the road. 

9. More than 90 percent of the electricity FPL Group generates is from clean
natural gas and emissions-free nuclear, wind and solar; only 8 percent comes
from oil and coal. 

10. FPL has the No. 1 demand-side management program in the nation. The
company`s programs have avoided the need to build 12 power plants, more than any
other utility. 

All told, FPL Group`s zero-emissions generation avoided 42.6 million tons of
carbon dioxide in 2008. That`s the carbon equivalent of removing eight
coal-fired power plants or preserving 269,000 acres of forest, according to the
U.S. Environmental Protection Agency`s greenhouse gas equivalencies calculator. 

FPL Group also has among the lowest emission rates of sulfur dioxide (SO2) and
nitrogen oxides (NOx) in the nation. In fact, since 1995, FPL Group`s power
generation has increased by 123 percent while its SO2 emissions rate declined by
84 percent and its NOx emissions rate fell by 79 percent. 

In the national debate over climate change, FPL Group has been a forceful
advocate of putting a price on carbon dioxide to drive additional investments in
clean energy. As Lew Hay says in the Sustainability Report, "Carbon emissions
impose huge costs on society-costs that the emitters don`t bear. To use a phrase
you don`t normally hear from a power company CEO, we must `make polluters pay.`
Only when carbon carries a price equal to its cost to society as a whole will we
have a level playing field among all forms of electricity generation." 

FPL Group is also a leader in greening its vehicle fleet. Half of the utility`s
fleet of cars and trucks-2,412 in all-now run on biodiesel, and more than 300
hybrids and plug-in hybrids are now in service. In each of the past three years,
the company has doubled the size of its hybrid vehicle fleet, and in 2006, FPL
was the first company to put a medium-duty hybrid bucket truck into service. 

Within Florida, the company runs successful programs to protect sea turtles,
manatees, crocodiles and other wildlife. For example, FPL provides a unique
habitat for the American crocodile among the 5,600 acres of cooling canals at
its Turkey Point site south of Miami. Since the early 1980s, more than 3,000
crocodile hatchlings have been documented at the site, which has been
responsible for virtually the entire increase in the crocodile population over
the past two decades. The result: On March 20, 2007, the U.S. Fish and Wildlife
Service reclassified the American crocodile from endangered to threatened,
giving special recognition to FPL for its contribution to the species` recovery.


Environmental and Economic Sustainability Go Hand in Hand

FPL Group believes that a strong commitment to environmental sustainability has
helped the company to achieve economic sustainability as well. Long before
climate change was a headline concern, FPL Group made a strategic decision to
become a clean-energy leader. The company`s wind turbine fleet is now the
largest in the nation and more than twice the size of its two closest
competitors combined. Through acquisitions, the company has also built one of
the country`s largest competitive nuclear fleets. 

This commitment to clean energy has helped FPL Group perform well above its
peers and the market as a whole for the five years ending in 2008. The company
has also been able to drive significant economic activity in the communities
where it operates. The $18 billion that FPL Group has invested in clean-energy
infrastructure over the past five years has created 60,000 direct and indirect
jobs, generating roughly $30 billion in economic impact for the U.S. economy. 

FPL Group`s record of sustainable economic performance has earned it the twin
honors of being No. 1 on Fortune magazine`s list of the "Most Admired" electric
and gas companies and one of the "World`s Most Ethical Companies" by Ethisphere
magazine, both for three years in a row. 

A Commitment to Communities

Just as FPL Group`s environmental stewardship has contributed to economic
success, the company`s economic success enables it to support the communities
where it does business. This support takes many forms. 

The company sponsors a range of education programs from the elementary school
through college levels. Under the utility`s program to create "Solar Education
Stations," local schools receive solar arrays and educational curricula to help
teach students the benefits of renewable energy. FPL Group also maintains an
Education Partnership Program with colleges and universities to prepare students
to work in the electric power industry. 

Within Florida, the company has made a substantial effort to help those in need.
Under its Care to Share program, FPL and its employees contribute more than $1
million a year to assist those unable to pay their electric bills. Since 2005,
the company has also contributed more than $1 million to Habitat for Humanity to
build 15 homes for low-income customers. In 2008, the FPL Group Foundation
donated $1 million to help vulnerable customers with food, clothing and housing
assistance and another $500,000 to Miami`s Camillus House for the homeless. And
since 2000, the company and its employees have contributed more than $25 million
to the United Way. 

Volunteer efforts at the company are numerous. In 2008, the company`s employees
and families dedicated 13,700 hours to activities such as cleaning shorelines,
renovating playgrounds, and participating in breast-cancer awareness events. One
of the company`s signature volunteer efforts is the Home Energy Makeover program
for low-income customers. Since 2006, the company has performed complete energy
efficiency overhauls on 250 homes, allowing homeowners to save up to 25 percent
on their annual energy bills. 

"At FPL Group, we see the various elements of sustainability as a seamless
whole," Hay wrote. "A commitment to environmental stewardship leads to economic
success that allows us to support the communities where we work and live. For
us, sustainability is not an alien concept that requires us to force-fit our
business practices into a new paradigm. On the contrary, sustainability is the
way we have been operating for decades, long before the term became fashionable
in corporate responsibility circles. We don`t know how to do business any other
way." 

FPL Group: Energy Solutions for the Next Era

FPL Group, Inc. (NYSE: FPL) is a leading clean energy company with 2008 revenues
of more than $16 billion, approximately 39,000 megawatts of generating capacity,
and more than 15,000 employees in 27 states and Canada. Headquartered in Juno
Beach, Fla., FPL Group`s principal subsidiaries are NextEra Energy Resources,
LLC, the largest generator in North America of renewable energy from the wind
and sun, and Florida Power & Light Company, which serves 4.5 million customer
accounts in Florida and is one of the largest rate-regulated electric utilities
in the country. Through its subsidiaries, FPL Group collectively operates the
third largest U.S. nuclear power generation fleet. For more information about
FPL Group companies, visit these Web sites: www.FPLGroup.com,
www.NextEraEnergyResources.com, www.FPL.com. 





FPL Group, Inc.
Randy Clerihue, 305-552-3888 



Copyright Business Wire 2009

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