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FPL Group receives top ranking among electric and gas utilities on Fortune magazine's annual list of America's Most Admired Companies

JUNO BEACH, Fla. -- FPL Group, Inc. (NYSE: FPL) today announced that the company has been ranked  #1 among electric and gas utilities on Fortune magazine’s annual list of America’s Most Admired Companies 2007.  Adding to the honor, FPL Group received the highest scores among its peers in every single one of the eight attributes on which the companies were evaluated. FPL Group ranked second among electric and gas utilities on Fortune magazine’s 2006 list of America’s Most Admired Companies.

Executives, directors and analysts in the electric and gas utility industries rated their industry peers (and awarded FPL Group top ranking) on the following attributes:
 

  • Innovation
  • People management
  • Use of corporate assets
  • Social responsibility
  • Quality of management
  • Financial soundness
  • Long-term investment
  • Quality of products and services.

“This is a great honor for FPL Group. The fact that our peers ranked us at the top of every single one of the eight criterion is particularly noteworthy and a tribute to the dedicated efforts of our 13,000-plus employees”, said Lew Hay, chairman and chief executive officer of FPL Group.

The 2007 list represents the 25th year in a row that Fortune has compiled its America’s Most Admired Companies ranking.  Fortune’s study is conducted annually and surveys high ranking professionals from Fortune 1,000 companies, along with industry analysts, to identify companies with the strongest reputations.  A total of 616 companies in 68 industries were surveyed for Fortune’s 2007 ranking during the fourth quarter of 2006. 

 

FPL Group, with annual revenues of nearly $16 billion, is nationally known as a high quality, efficient, and customer-driven organization focused on energy-related products and services. With a growing presence in 26 states, it is widely recognized as one of the country's premier power companies. Its principal subsidiary, Florida Power & Light Company, serves 4.4 million customer accounts in Florida.  FPL Energy, LLC, an FPL Group competitive energy subsidiary, is a leader in producing electricity from clean and renewable fuels. Additional information is available on the Internet at www.FPLGroup.comwww.FPL.com andwww.FPLEnergy.com.

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