With support from the President's Recovery Act commitment to spur the transition to the Smart Grid, FPL's $800 million Energy Smart Florida project will implement revolutionary new technologies that will help FPL customers better control their energy consumption and enable the company to provide more reliable electric service.

"Through these investments in a variety of smart grid technologies, utilities like Florida Power & Light will also be able to monitor the performance of its electricity grid in real time, which means they'll be able to identify and correct service interruptions more quickly and effectively," President Obama said Tuesday at the DeSoto plant opening.

But Energy Smart Florida isn't FPL's first effort to improve reliability for customers. Throughout October, FPL has been issuing weekly "Money-Saving Myth Busters" to educate customers about common, energy-related misconceptions. It's fitting that the final Energy Awareness Month myth involves the issue of reliability:

Myth: "FPL waits for a power outage to occur before responding."

Fact: FPL works proactively to improve the reliability of its electric service, investing in technology and year-round preventive maintenance to stop outages before they start. Outage prevention and service efficiency result in lower costs to customers and reliability that is 47 percent better than the national average.

The conventional utility approach to power outages is reactive. FPL is breaking with that status quo and developing ways to predict and prevent power outages before they occur ” a proactive approach. FPL employees are using smart technology to spot warning signs of potential outages and take action before an outage occurs.

By strengthening and incorporating smart technologies into the transmission and distribution systems that serve millions of Floridians, FPL's electrical infrastructure will be less vulnerable to disruptions and less costly to maintain.

"Prevention can be less costly than treatment, whether you're talking about healthcare or power outages. The least expensive outage to restore is one that never occurs in the first place," said FPL President and CEO Armando J. Olivera. "That's why we're making investments in smart technology and preventive maintenance to improve reliability and help us to stop outages before they start."

FPL is investing to make its infrastructure smarter by installing intelligent devices on the power lines, equipment and substations that deliver electricity from its power plants to homes and businesses. At FPL's performance and diagnostic centers, employees use historical data, real-time system monitoring, smart technology and predictive analysis to measure, monitor, control and enhance the health and performance of the grid.

As a result of FPL's proactive approach to preventing outages, FPL customers experience fewer and shorter outages, fewer brief interruptions or flickers, fewer power surges and sags and improved system performance in good weather and bad. Energy Smart Florida will help FPL improve its service even more.

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, Inc. (NYSE:FPL). For more information, visit www.FPL.com.

Cautionary Statements And Risk Factors That May Affect Future Results

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (Reform Act), FPL Group, Inc. (FPL Group) and Florida Power & Light Company (FPL) are hereby providing cautionary statements identifying important factors that could cause FPL Group's or FPL's actual results to differ materially from those projected in forward-looking statements (as such term is defined in the Reform Act) made by or on behalf of FPL Group and FPL in this press release, on their respective websites, in response to questions or otherwise. Any statements that express, or involve discussions as to, adjusted earnings or other expectations, beliefs, plans, objectives, assumptions, future events or performance, climate change strategy or growth strategies (often, but not always, through the use of words or phrases such as will, will likely result, are expected to, will continue, is anticipated, aim, believe, could, should, would, estimated, may, plan, potential, projection, target, outlook, predict and intend or words of similar meaning) are not statements of historical facts and may be forward-looking. Forward-looking statements involve estimates, assumptions and uncertainties. Accordingly, any such statements are qualified in their entirety by reference to, and are accompanied by, the following important factors (in addition to any assumptions and other factors referred to specifically in connection with such forward-looking statements) that could cause FPL Group's or FPL's actual results to differ materially from those contained or implied in forward-looking statements made by or on behalf of FPL Group and FPL.

Any forward-looking statement speaks only as of the date on which such statement is made, and FPL Group and FPL undertake no obligation to update any forward-looking statement to reflect events or circumstances, including unanticipated events, after the date on which such statement is made, unless otherwise required by law. New factors emerge from time to time and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained or implied in any forward-looking statement.

The following are some important factors that could have a significant impact on FPL Group's and FPL's operations and financial results, and could cause FPL Group's and FPL's actual results or outcomes to differ materially from those discussed or implied in the forward-looking statements:

FPL Group and FPL are subject to complex laws and regulations and to changes in laws and regulations as well as changing governmental policies and regulatory actions. FPL holds franchise agreements with local municipalities and counties, and must renegotiate expiring agreements. These factors may have a negative impact on the business and results of operations of FPL Group and FPL.

FPL Group and FPL are subject to complex laws and regulations, and to changes in laws or regulations, with respect to, among other things, allowed rates of return, industry and rate structure, operation of nuclear power facilities, construction and operation of generation facilities, construction and operation of transmission and distribution facilities, acquisition, disposal, depreciation and amortization of assets and facilities, recovery of fuel and purchased power costs, decommissioning costs, return on common equity and equity ratio limits, transmission reliability and present or prospective wholesale and retail competition. This substantial and complex framework exposes FPL Group and FPL to increased compliance costs and potentially significant monetary penalties for non-compliance. The Florida Public Service Commission (FPSC) has the authority to disallow recovery by FPL of any and all costs that it considers excessive or imprudently incurred. The regulatory process generally restricts FPL's ability to grow earnings and does not provide any assurance as to achievement of earnings levels.

FPL Group and FPL also are subject to extensive federal, state and local environmental statutes, rules and regulations, as well as the effect of changes in or additions to applicable statutes, rules and regulations that relate to, or in the future may relate to, for example, air quality, water quality, climate change, greenhouse gas emissions, carbon dioxide emissions, waste management, marine and wildlife mortality, natural resources, health, safety and renewable portfolio standards that could, among other things, restrict or limit the output of certain facilities or the use of certain fuels required for the production of electricity and/or require additional pollution control equipment and otherwise increase costs.