March 11, 2009
FPL announces sale of $500 million of first mortgage bonds

Juno Beach, Fla. – Florida Power & Light Company today announced the sale of $500 million principal amount 30-year first mortgage bonds bearing interest at 5.96 percent per year and maturing on April 1, 2039.

The first mortgage bonds will be offered to the public at 99.927 percent of par to yield 5.965 percent when held to maturity.

Net proceeds from the sale will be added to FPL’s general funds. FPL expects to use its general funds to repay the company’s short-term borrowings and for other corporate purposes.

The sale was underwritten by a group that includes BNY Mellon Capital Markets LLC, Calyon Securities (USA) Inc., Greenwich Capital Markets, Inc., J.P. Morgan Securities Inc., and Mitsubishi UFJ Securities (USA), Inc. as joint book-running managers.  The co-managers are BBVA Securities, Inc., Commerzbank Capital Markets Corp., Morgan Keegan & Company, Inc., SG Americas Securities, LLC and The Williams Capital Group, L.P.  A prospectus relating to these first mortgage bonds may be obtained from BNY Mellon Capital Markets LLC, Calyon Securities (USA) Inc., Greenwich Capital Markets, Inc., J.P. Morgan Securities Inc. and Mitsubishi UFJ Securities (USA), Inc.

Florida Power & Light Company
Florida Power & Light Company (FPL) is the largest electric utility in Florida and one of the largest rate-regulated utilities in the United States. FPL serves 4.5 million customer accounts in Florida and is a leading employer in the state with nearly 11,000 employees.
The company consistently outperforms national averages for service reliability while customer bills are well below the national average. A clean energy leader, FPL has one of the lowest emissions profiles and the No. 1 energy efficiency program among utilities nationwide. FPL is a subsidiary of Juno Beach, Fla.-based FPL Group (NYSE: FPL). For more information, visit www.FPL.com.