Florida Power & Light Company, an electric utility company and a wholly owned subsidiary of FPL Group, Inc., priced its offering of 5.69% first mortgage bonds due March 1, 2040, for gross proceeds of $500 million. The bonds will be issued at 99.86% to yield 5.69% at maturity. Interest on bonds will be paid on March 1 and September 1, every year commencing form September 1, 2010.

Banc of America Securities LLC; Citigroup Global Markets Inc.; Credit Suisse Securities (USA) LLC; Mitsubishi UFJ Securities (USA), Inc.; BBVA Securities, Inc.; KeyBanc Capital Markets Inc.; Santander Investment Securities Inc.; The Williams Capital Group, L.P.; U.S. Bancorp Investments, Inc.; and UniCredit Capital Markets, Inc., are acting as joint book running managers in the offering.

* Indicates Mandatory