Chairman and CEO of nation's No. 1 renewable energy provider applauds new energy and climate bill
May 12, 2010

WASHINGTON, D.C. – Lew Hay, chairman and CEO of FPL Group, a top-five electric power company and No. 1 producer of renewable energy from wind and solar power, issued the following statement today on the energy and climate bill introduced by Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.):

“Senators Kerry and Lieberman deserve tremendous credit for crafting a proposal that would move the country in the right direction on energy and climate issues. After years of debate and half measures, the United States still lacks a long-term national energy strategy, leaving us behind other countries in building and exporting the clean energy economy of the future. If we are to continue to lead the world in technological advances, job creation and economic security, we need a new approach. The most essential step – which is at the heart of the American Power Act – is to set a price on carbon dioxide emissions. With a gradually escalating price on carbon that begins to reflect the full social costs of emitting greenhouse gases, the country will make a smooth transition from the high-carbon fuel sources of the past to the next generation of low- and zero-emitting domestic energy sources. No legislation is ever perfect, this bill included, but Sens. Kerry and Lieberman have shown true leadership in their efforts to reach a balanced solution that all parties to this debate should be able to support. We applaud their efforts and look forward to working with them to get a bill signed into law.”

FPL Group: Energy Solutions for the Next Era  
FPL Group, Inc. (NYSE: FPL) is a leading clean energy company with 2009 revenues of more than $15 billion, nearly 43,000 megawatts of generating capacity, and more than 15,000 employees in 28 states and Canada. Headquartered in Juno Beach, Fla., FPL Group’s principal subsidiaries are NextEra Energy Resources, LLC, the largest generator in North America of renewable energy from the wind and sun, and Florida Power & Light Company, which serves approximately 4.5 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the country. Through its subsidiaries, FPL Group collectively operates the third largest U.S. nuclear power generation fleet. For more information about FPL Group companies, visit these websites: