Beyond Mandates, Does GreenPave the Way?

Marlene Santos

Vice President, Customer Service

Florida Power & Light Company

October 17, 2009

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FPL Group is a premier U.S. power company

Our commitment to clean energy has helped to fuel our profitable growth

• $22.3 B market capitalization• 39,015 MW in operation• $16.4 B operating revenues• $44.8 B in total assets

• Successful wholesale generator• U.S. leader in renewable generation• Assets in 25 states and Canada• 16,928 MW in operation• $4.6 B in operating revenues• $17.2 B in total assets

NextEra Energy ResourcesFlorida Power & Light

• One of the largest U.S. electric utilities• Vertically integrated, retail rate-regulated• 4.5 MM customer accounts• 22,087 MW in operation• $11.6 B in operating revenues • $26.2 B in total assets

FPL Group

Market Capitalization as of September 10, 2009Operating Revenues for the year ended December 31, 2008All other data as of December 31, 2008

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FPL Group and its subsidiaries have a history of clean energy leadership and responsible practices

For Leadership in Sustainability and Environmental Responsiveness

For Promoting Best Practices in the Energy Industry

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We’re committed to clean energy generation and bullish on ‘green’

• 68% of U.S. adults believe the effects of global warming will be manifest at some point in their lifetimes

• 38% feel climate change will pose a serious threat in their lifetimes (2009 Gallup Poll)

• 87% of consumers feel it is their duty to contribute to a better society and the environment (Edelman Public Relations, 2008)

• 63% of consumers report admiring companies tackling climate change. (The Climate Group)

• 71% feel it important to purchase eco-friendly products (PriceGrabber)

‘Green’ has become mainstream – and represents great opportunity for forward-thinking businesses

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Commercial Segment: Partnership Focus

Key Services:

• Consulting services providing multi-year plans

• Delivery of turn-key energy & water conservation

• Natural gas supply services in limited markets

Residential Segment: Life-time Value Focus

Key Services:

• Connect services

• Insurance and service warranty

• Surge protection

FPL Energy Services offers a range of residential and commercial services

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Services• Lighting redesign and/or

retrofits

• HVAC and mechanical systems

• Water conservation

• Building envelope upgrades

• Water and waste water treatment facility upgrades

• Renewable energy

• Back-up generation and power quality solutions

• Controls

Our performance contracting service guarantees that customers will achieve their conservation and cost-saving goals

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Triple Benefits from Performance Contracting

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ECONOMIC

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NTA

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• Reduces related operating expenses

• Self-funding paying for debt service out of savings

• Improves the bottom line

• Stimulates the economy and creates jobs

• Promotes sustainability stewardship

• Improves energy efficiency goal performance

• Reduces GHG and carbon footprint

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11

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476 594

1,4231,747

2,719 2,758

3,193

4,016

5,077

6,462

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

99 00 01 02 03 04 05 06 07 08

MW

• Involved in wind energy since 1989

• Committed to major expansion in 1999

• Approximately 25% of U.S. installed base

• Expect to add 6,000-8,000 MW through 2012

NextEra Energy Resources is # 2 globally in MW installed

34% CAGR

NextEra Energy Resources’ growth has been fueled by its clean generation strategy

13 Sources: AWEA & EER as of Dec 2008

NextEra Energy Resources is the leader in U.S. owned wind energy plants

Top U.S. Wind Owners

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1,000

2,000

3,000

4,000

5,000

6,000

7,000

NextEraEnergy

Resources

Iberdrola MidAmerican EDP Invenergy

MW

We are larger than our next three competitors combined

6,290

1,994 1,983 1,8731,205

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NextEra Energy Resources is also the largest solar energy producer in the U.S.

U.S. Rankings – Solar Power (1)

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647580

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50

100

150

200

250

300

FPL Group TerraGen Fortress Acciona Constellation

(1) Emerging Energy Research, Global Concentrated solar power ownership and developer rankings

(2) NextEra Energy Resources operates an additional 162 MW which it doesn’t own. Amount includes 110 MW under construction at FPL. Total in operation and under construction is 420 MW.

(2)

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Wind

Hydro

Fossil

Solar

Nuclear

NextEra Energy Resources is favorably positioned to capture the effects of potential renewable energy legislation in the U.S.

NextEra Energy Resources Generation Portfolio

State Renewable

Portfolio Standard

State Renewable

Portfolio Goal

2008: 16,928 MW

As of December 31, 2008

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The EarthEra Renewable Energy Trust shifts the focus from RECs and Offsets to building a better future

Your company purchases/sells

EarthEra Environmental Products

A clean energy future

100% of Trust Funds

Your Business…• Receives Environmental Benefits• Communicates your values to your consumers

• Builds a Clean Energy Future• Create a greater consumer connection to your brand – one of shared values

100% of funds build new renewable energy projects. All administrative expenses, salaries, and marketing costs for

EarthEra are covered by NextEra Energy

New renewable projects built by NextEra Energy Resources

100% of funds are directed to the EarthEra Renewable Energy Trust

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To date over $20 million has been committed to the EarthEra Renewable Energy Trust