Also, FPL Energy has already added significantly to its generation fleet in 1999. In 1998 we completed the sale of our citrus subsidiary, Turner Foods, and, in January 1999 we reached an agreement to sell our cable TV interests. These transactions essentially complete our program of divesting unrelated businesses that were acquired in the 1980s. One disappointment in 1998 was the decline in our stock price during the last quarter of the year. We are confident this matter of rates will be resolved expeditiously.
Nothing is more important to long-term success than capable management.
Earlier this year, we added a new member to our already strong senior management team. Roger Young, who previously served as CEO of Scottish Hydro-Electric plc, became president and a director of FPL Group. During his very successful tenure at the UK-based company Roger demonstrated excellent strategic and operational skills as well as a management style highly compatible with FPL Group. We welcome him to our organization. During the 1990s we have consistently focused on reducing costs, improving quality and customer focus, increasing speed and flexibility, and investing outside of Florida in environmentally favored generation technologies.