06.06.05

6.6.2005: Meldung: Florida Power & Light Company (FPL): Sale of $300 Million of First Mortgage Bonds

FPL Announces Sale of $300 Million of First Mortgage Bonds
Thursday June 2, 3:30 pm ET

JUNO BEACH, Fla.----June 2, 2005--Florida Power & Light Company today announced the sale of $300 million principal amount of 30-year first mortgage bonds bearing interest at 4.95 percent per year and maturing on June 1, 2035.

The first mortgage bonds will be offered to the public at 99.244 percent of par to yield 4.999 percent when held to maturity.

Net proceeds from the sale will be added to Florida Power & Light Company"s general funds and are expected to be used to repay a portion of Florida Power & Light Company"s short-term borrowings and for other corporate purposes.

The sale was underwritten by a group that includes Barclays Capital Inc. and Citigroup Global Markets Inc. as lead managers. The co-managers are ABN AMRO Incorporated, Calyon Securities (USA) Inc., Greenwich Capital Markets, Inc., Lazard Capital Markets LLC, Scotia Capital (USA) Inc., and SunTrust Capital Markets, Inc. A prospectus relating to these first mortgage bonds may be obtained from Barclays Capital Inc. and Citigroup Global Markets Inc.

Florida Power & Light Company is the principal subsidiary of FPL Group, Inc. (NYSE:FPL - News), nationally known as a high quality, efficient and customer-driven organization focused on energy-related products and services. Florida Power & Light Company serves more than 4.2 million customer accounts in Florida.

Note to Editors: High-resolution logos and executive head shots are available for download at http://www.fpl.com/news/contents/logos.shtml.
Contact:

Florida Power & Light Company, Miami
Steve Stengel, 305-552-3888


Source: Florida Power & Light Company
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