May 27, 2008
Florida Power & Light Company installing nation's most technologically advanced network of 'smart meters' from Silver Spring Networks

JUNO BEACH, Fla. – Having successfully tested an initial 50,000 new ‘smart meters’ earlier this year, Florida Power & Light Company recently began deploying a second 50,000 units to its customers in Broward County, Fla.  

Powered by technology from Silver Spring Networks (SSN), a leading provider of real-time networking solutions for electrical grids, the new ‘smart meters’ will help customers monitor their electricity usage and increase FPL’s ability to identify and correct service issues once the system is fully activated this summer.  

The Advanced Metering Initiative combines a number of elements – intelligent meters, a two-way communications network using an Internet protocol language, and sophisticated operating systems and databases – that will enable customers to go online and monitor how much energy they have used by the month, week, day or hour.  

The new system will also allow FPL to monitor the performance of its electrical grid in real time, enabling the company to identify and correct service interruptions more quickly. Silver Spring Networks’ technology powers the system by allowing smart meters to talk to other meters and electronic devices to create a wireless “mesh” network that is more cost efficient than other solutions.  

“We’re taking a disciplined and systematic approach to the evaluation and implementation process to ensure we achieve full value. This began with a careful review of all of the technology solutions available in the market. We felt that Silver Spring had the most to offer, and we have been very pleased through the first phase of the project,” said FPL Vice President of Customer Service Marlene Santos.  

“Our partnership with FPL has been very successful,” said Scott Lang, president and CEO of Silver Spring Networks.  “The team is pleased with how easy the network was to install and manage and we look forward to completing the next phase.”  

The first phase of the project, completed in January 2008, evaluated the reliability and functionality of 50,000 new meters and associated SSN network technology. The system was tested against extensive performance criteria, all of which were met or exceeded. The second phase will assess business and customer benefits, and include expanded system performance testing. Based on the results of this evaluation, FPL hopes to begin full-scale deployment to all residential and small business customers.  

About Florida Power & Light Company

Florida Power & Light Company is a subsidiary of FPL Group, Inc. (NYSE: FPL), nationally known as a high quality, efficient and customer-driven organization focused on energy-related products and services. With annual revenues of over $15 billion and a growing presence in 27 states, FPL Group is widely recognized as one of the country’s premier power companies. Florida Power & Light Company serves 4.5 million customer accounts in Florida. FPL Energy, LLC, FPL Group’s competitive energy subsidiary is the nation’s leader in producing electricity from clean and renewable sources such as solar and wind. Additional information is available on the Internet at www.FPL.com, www.FPLGroup.com and www.FPLEnergy.com.

About Silver Spring Networks

Silver Spring Networks creates the critical networking infrastructure for the Smart Grid, known as a Smart Energy Network. Based on the Internet Protocol (IP) suite, it addresses the challenges of running multiple applications and devices on the same network and dramatically improves efficiency, lowers costs and ensures the reliable delivery of services. This smarter, more efficient grid could cut the growth rate of worldwide energy consumption by more than half over the next 15 years and drastically reduce carbon emissions. Silver Spring Networks is the recent recipient of GoingGreen and Brilliant Innovation and World Economic Forum Technology Pioneer 2008 Awards and is currently working with major utilities in North America. The company also holds numerous patents in the area of utility network optimization. For additional information, visit us at www.silverspringnetworks.com.