FPL residential customers using 1,000 kilowatt-hours will receive a credit of $44.46 on their January electric bills. The fuel charge credit would normally have been spread out over the course of 12 months. FPL does not profit on the fuel it buys to generate electricity.

"Customers are seeing the benefit not only of lower fuel prices but also our investments in modern, more fuel-efficient power plants," said FPL President and CEO Armando J. Olivera.

In addition to starting the year with lower bills, FPL noted that the 2010 bill would still be lower than the 2009 bill once the company's pending base rate request is resolved.

The company has asked for an increase in the base rate, which will be more than offset by the increased efficiency of its power plants and by lower fuel costs. As a result, with approval of the base rate request, the typical 1,000 kilowatt-hour residential customer bill would be about $6 less per month, going from $110.72 currently to $104.76 under the company's proposal.New rates are currently expected to be in place by March 2010.

At the same time, the base rate increase would support the company's ability to continue to invest in making its electrical infrastructure stronger, smarter, cleaner and even more fuel efficient.

Since 2002, FPL's investments in making its power plants more efficient have saved customers an estimated $3 billion in fuel charges. If such investments are continued, the company estimates that annual fuel charge savings would reach $1 billion a year starting in 2014.

FPL's typical residential customer bill is already the lowest of all of the 54 electric utilities in Florida and is below the national average.

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.

FPL Group and FPL: Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.