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FPL Group signs contract with Siemens Westinghouse Power Corporation

JUNO BEACH, Fla. – FPL Group today announced it has signed an agreement with Siemens Westinghouse Power Corporation (SWPC) to support FPL Group’s generation equipment for which SWPC was the original equipment manufacturer.

The contract covers 20 combustion turbines, about one-third of FPL’s combustion turbine fleet. Additionally, steam turbines are covered under this agreement for both fossil fuel and nuclear operations. The contract will run through 2012 and defines the relationship for goods and services required to support the turbines. FPL expects to increase efficiency and reliability with the support of SWPC’s engineering resources.

FPL Group, with annual revenues of more than $9 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 more than 4.2 million customer accounts in Florida. FPL Energy, LLC, an FPL Group energy-generating 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.

Siemens Westinghouse Power Corporation (SWPC), headquartered in Orlando, Florida, is the regional business entity in the Americas for Siemens Power Generation’s global fossil-fuel power generation business, which has an installed fleet of more than 600,000 megawatts worldwide. Siemens Power Generation offers environmentally friendly, cost-effective products, and service and support, including gas and steam turbine-generator technology; process control and power management systems; operations and maintenance support; power plant modernization and upgrades; and fuel cells for the distributed generation market. In fiscal 2003, Siemens PG posted sales amounting to approximately EUR 7 billion. Group profit amounted to EUR 1,171 million. PG has a workforce of more than 30,000 worldwide. Further information at: http://www.siemens.com/siemenswestinghouse.

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