December 12, 2011
FPL announces sale of $600 million of first mortgage bonds

JUNO BEACH, Fla. – Florida Power & Light Company (FPL) today announced the sale of $600 million in principal amount of its 30-year first mortgage bonds bearing interest at 4.125 percent per year and maturing on February 1, 2042.

The first mortgage bonds were offered to the public at 99.753 percent of face value to yield 4.139 percent when held to maturity.

Net proceeds from the sale will be added to FPL’s general funds, which the company expects to use to repay a portion of its outstanding commercial paper obligations and for other general corporate purposes.

The sale was underwritten by a group that includes Barclays Capital Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co., Mizuho Securities USA Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC as joint book-running managers. The co-managers are KeyBanc Capital Markets Inc., Morgan Keegan & Company, Inc., RBC Capital Markets, LLC, UniCredit Capital Markets LLC and U.S. Bancorp Investments, Inc.  A prospectus relating to these first mortgage bonds may be obtained from Barclays Capital Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co., Mizuho Securities USA Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC.

Florida Power & Light Company
Florida Power & Light Company 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 approximately 10,000 employees. The company consistently outperforms national averages for service reliability while its typical customer bills are more than 20 percent below the national average. A clean energy leader, FPL has one of the lowest emissions profiles and one of the leading energy efficiency programs among utilities nationwide. FPL is a subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit www.FPL.com.