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Green Investor News - FPL Group (NYSE:FPL) named to Dow Jones Sustainability Index
JUNO BEACH, Fla. - September 4, 2009 - FPL Group, Inc.(NYSE:FPL) has been named to the 2009 Dow Jones Sustainability Index (DJSI) of the leading companies in North America for corporate sustainability. The DJSI North America selects the top 20 percent of companies in sustainability performance from the 600 largest companies in North America.
FPL Group has established a strong record of environmental responsibility and stewardship. In 2008, FPL Group’s carbon dioxide emissions rate was half the average for the electric power industry as a whole. If every utility were as clean as FPL Group, the nation’s CO2 emissions would be cut 20 percent immediately, which is the equivalent of removing eight out of every 10 vehicles from the road.
“As the No. 1 producer of wind and solar power in North America, we’re pleased that our commitment to sustainability has been recognized by Dow Jones. We’ve worked hard to become the nation’s leader in renewable energy, and we’re proud to have one of the lowest emissions rates in the electric power industry,” said FPL Group Chairman and CEO Lew Hay.
According to Dow Jones, corporate sustainability leaders achieve long-term shareholder value by “gearing their strategies and management to harness the market’s potential for sustainability products and services while successfully reducing and avoiding sustainability costs and risks.” FPL Group has embodied this ethic. Over the five-year period from 2004 through 2008, FPL Group more than doubled the size of its wind energy business while its market capitalization grew by 81 percent.
FPL also has the nation’s leading energy efficiency and conservation program. Cumulatively, FPL has achieved more demand-side reduction than any other utility, according to U.S. Department of Energy data. As a result, FPL has been able to avoid building 12 power plants.
FPL Group: Energy Solutions for the Next Era
FPL Group, Inc. (NYSE:FPL) is a leading clean energy company with 2008 revenues of more than $16 billion, approximately 39,000 megawatts of generating capacity, and more than 15,000 employees in 27 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 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 Web sites: www.FPLGroup.com, www.NextEraEnergyResources.com, www.FPL.com.
Contacts:
FPL Group, Inc., Juno Beach
Randy Clerihue, 305-552-3888
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