Beyond Mandates Does Green Pave the Way Marlene

Beyond Mandates, Does Green Pave the Way? Marlene Santos Vice President, Customer Service Florida Power & Light Company October 17, 2009

FPL Group is a premier U. S. power company FPL Group • • $22. 3 B market capitalization 39, 015 MW in operation $16. 4 B operating revenues $44. 8 B in total assets Next. Era Energy Resources Florida 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 • • • 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 Our commitment to clean energy has helped to fuel our profitable growth 2 Market Capitalization as of September 10, 2009 Operating Revenues for the year ended December 31, 2008 All other data as of December 31, 2008

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 3 3

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 (Price. Grabber) ‘Green’ has become mainstream – and represents great opportunity forward-thinking businesses 4 4

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FPL Energy Services offers a range of residential and commercial services Residential Segment: Life-time Value Focus Key Services: • Connect services • Insurance and service warranty • Surge protection 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 6

Our performance contracting service guarantees that customers will achieve their conservation and cost-saving goals 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 7

Triple Benefits from Performance Contracting SO N ME CI ON AL VIR EN L TA • Stimulates the economy and creates jobs • Promotes sustainability stewardship • Improves energy efficiency goal performance • Reduces GHG and carbon footprint ECONOMIC • Reduces related operating expenses • Self-funding paying for debt service out of savings • Improves the bottom line 8

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Next. Era Energy Resources’ growth has been fueled by its clean generation strategy • Involved in wind energy since 1989 % 34 R G CA • Committed to major expansion in 1999 • Approximately 25% of U. S. installed base • Expect to add 6, 000 -8, 000 MW through 2012 Next. Era Energy Resources is # 2 globally in MW installed 12

Next. Era Energy Resources is the leader in U. S. owned wind energy plants Top U. S. Wind Owners 6, 290 MW 1, 994 1, 983 1, 873 1, 205 We are larger than our next three competitors combined 13 Sources: AWEA & EER as of Dec 2008

Next. Era Energy Resources is also the largest solar energy producer in the U. S. Rankings – Solar Power (1) FPL 258 Next. Era Energy Resources MW (2) 14 (1) Emerging Energy Research, Global Concentrated solar power ownership and developer rankings (2) Next. Era 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.

Next. Era Energy Resources is favorably positioned to capture the effects of potential renewable energy legislation in the U. S. Next. Era Energy Resources Generation Portfolio 2008: 16, 928 MW Wind State Renewable Portfolio Standard Hydro Fossil State Renewable Portfolio Goal Solar Nuclear 15 As of December 31, 2008

The Earth. Era Renewable Energy Trust shifts the focus from RECs and Offsets to building a better future Your company purchases/sells Earth. Era Environmental Products 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 are directed to the Earth. Era Renewable Energy Trust 100% of Trust Funds A clean energy future New renewable projects built by Next. Era Energy Resources 16 16 100% of funds build new renewable energy projects. All administrative expenses, salaries, and marketing costs for Earth. Era are covered by Next. Era Energy

To date over $20 million has been committed to the Earth. Era Renewable Energy Trust 17 17