NYSE, FPL - FT New Opportunities M
FPL Group has two principal operating subsidiaries, FPL and FPL Energy. FPL is a
rate-regulated utility engaged primarily in the generation, transmission,
distribution and sale of electric energy. FPL Energy is FPL Group's competitive
energy subsidiary which produces the majority of its electricity from clean and
renewable fuels. FPL Group Capital, a wholly-owned subsidiary of FPL Group,
holds the capital stock of, or has equity interests in, FPL Group's operating
subsidiaries, other than FPL, and provides funding for those subsidiaries,
including FPL Energy. FPL Group was incorporated in 1984 under the laws of
Florida. At December 31, 2007, FPL Group and its subsidiaries employed
approximately 14,600 people. For financial information regarding FPL Group's
business segments, see Note 17.
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