Spreadsheet: ffdd1c25-50c3-4fe7-9535-1b1d004643f9
Sheet: Sheet1

FPL Group, Inc. Preliminary Condensed Consolidated Statements of Income (millions, except per share amounts) (unaudited) | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7 | Unnamed: 8 | Unnamed: 9 | Unnamed: 10
Three Months Ended December 31,  2009 |  |  |  | Florida Power & Light |  | NextEra Energy Resources |  | Corporate & Other |  | FPL Group, Inc.
Operating Revenues |  |  |  | 2753 |  | 862 |  | 41 |  | 3656
Operating Expenses
 | Fuel, purchased power and interchange |  |  | 1410 |  | 210 |  | 12 |  | 1632
 | Other operations and maintenance |  |  | 389 |  | 269 |  | 19 |  | 677
 | Depreciation and amortization |  |  | 311 |  | 173 |  | 4 |  | 488
 | Taxes other than income taxes and other |  |  | 274 |  | 26 |  | 2 |  | 302
 |  | Total operating expenses |  | 2384 |  | 678 |  | 37 |  | 3099
Operating Income (Loss) |  |  |  | 369 |  | 184 |  | 4 |  | 557
Other Income (Deductions)
 | Interest expense |  |  | -83 |  | -90 |  | -45 |  | -218
 | Equity in earnings of equity method investees |  |  | 0 |  | 4 |  | 0 |  | 4
 | Allowance for equity funds used during construction |  |  | 7 |  | 0 |  | 0 |  | 7
 | Interest income |  |  | 0 |  | 6 |  | 14 |  | 20
 | Gains (losses) on disposal of assets - net |  |  | 0 |  | 39 |  | -2 |  | 37
 | Other than temporary impairment losses on securities held in    nuclear decommissioning funds |  |  | 0 |  | -3 |  | 0 |  | -3
 | Other – net |  |  | -3 |  | 2 |  | 1 |  | 0
 |  | Total other income (deductions) – net |  | -79 |  | -42 |  | -32 |  | -153
Income (Loss) Before Income Taxes |  |  |  | 290 |  | 142 |  | -28 |  | 404
Income Tax Expense (Benefit) |  |  |  | 104 |  | -36 |  | -13 |  | 55
Net Income (Loss) |  |  |  | 186 |  | 178 |  | -15 |  | 349
Reconciliation of Net Income (Loss) to Adjusted Earnings (Loss):
Net Income (Loss) |  |  |  | 186 |  | 178 |  | -15 |  | 349
Adjustments, net of income taxes:
 | Net unrealized mark-to-market (gains) losses associated with    non-qualifying hedges |  |  | 0 |  | -13 |  | 0 |  | -13
 | Other than temporary impairment losses - net |  |  | 0 |  | -13 |  | 0 |  | -13
Adjusted Earnings (Loss) |  |  |  | 186 |  | 152 |  | -15 | 0 | 323
Earnings (Loss) Per Share (assuming dilution) |  |  |  | 0.45 |  | 0.43 |  | -0.03 |  | 0.85
Adjustments:
 | Net unrealized mark-to-market (gains) losses associated with non-qualifying hedges |  |  | 0 |  | -0.03 |  | 0 |  | -0.03
 | Other than temporary impairment losses - net |  |  | 0 |  | -0.03 |  | 0 |  | -0.03
Adjusted Earnings (Loss) Per Share |  |  |  | 0.45 |  | 0.37 |  | -0.03 |  | 0.79
Weighted-average shares outstanding (assuming dilution) |  |  |  |  |  |  |  |  |  | 410
NextEra Energy Resources' interest expense is based on a deemed capital structure of 50% debt for operating projects and 100% debt for projects under construction.  For these purposes, the deferred credit associated with differential membership interests sold by a NextEra Energy Resources subsidiary in 2007 is included with debt.  Residual non-utility interest expense is included in Corporate & Other. Corporate & Other represents other business activities, other segments that are not separately reportable, eliminating entries, and may include the net effect of rounding.
FPL Group, Inc. Preliminary Condensed Consolidated Statements of Income (millions, except per share amounts) (unaudited)
Three Months Ended December 31,  2008 |  |  |  | Florida Power & Light |  | NextEra Energy Resources |  | Corporate & Other |  | FPL Group, Inc.
Operating Revenues |  |  |  | 2820 |  | 1138 |  | 45 |  | 4003
Operating Expenses
 | Fuel, purchased power and interchange |  |  | 1702 |  | 273 |  | 19 |  | 1994
 | Other operations and maintenance |  |  | 324 |  | 254 |  | 23 |  | 601
 | Depreciation and amortization |  |  | 219 |  | 148 |  | 4 |  | 371
 | Taxes other than income taxes and other |  |  | 255 |  | 28 |  | 2 |  | 285
 |  | Total operating expenses |  | 2500 |  | 703 |  | 48 |  | 3251
Operating Income (Loss) |  |  |  | 320 |  | 435 |  | -3 |  | 752
Other Income (Deductions)
 | Interest expense |  |  | -81 |  | -83 |  | -52 |  | -216
 | Equity in earnings of equity method investees |  |  | 0 |  | 7 |  | 0 |  | 7
 | Allowance for equity funds used during construction |  |  | 13 |  | 0 |  | 0 |  | 13
 | Interest income |  |  | 1 |  | -1 |  | 22 |  | 22
 | Gains (losses) on disposal of assets - net |  |  | 0 |  | 12 |  | -1 |  | 11
 | Other than temporary impairment losses on securities held in    nuclear decommissioning funds |  |  | 0 |  | -88 |  | 0 |  | -88
 | Other – net |  |  | -2 |  | 13 |  | 4 |  | 15
 |  | Total other income (deductions) – net |  | -69 |  | -140 |  | -27 |  | -236
Income (Loss) Before Income Taxes |  |  |  | 251 |  | 295 |  | -30 |  | 516
Income Tax Expense (Benefit) |  |  |  | 100 |  | 30 |  | -22 |  | 108
Net Income (Loss) |  |  |  | 151 |  | 265 |  | -8 |  | 408
Reconciliation of Net Income (Loss) to Adjusted Earnings (Loss):
Net Income (Loss) |  |  |  | 151 |  | 265 |  | -8 |  | 408
Adjustments, net of income taxes:
 | Net unrealized mark-to-market (gains) losses associated with    non-qualifying hedges |  |  | 0 |  | -94 |  | 0 |  | -94
 | Other than temporary impairment losses - net |  |  | 0 |  | 47 |  | 0 |  | 47
Adjusted Earnings (Loss) |  |  |  | 151 |  | 218 | 0 | -8 | 0 | 361
Earnings (Loss) Per Share (assuming dilution) |  |  |  | 0.38 |  | 0.66 |  | -0.03 |  | 1.01
Adjustments:
 | Net unrealized mark-to-market (gains) losses associated with    non-qualifying hedges |  |  | 0 |  | -0.23 |  | 0 |  | -0.23
 | Other than temporary impairment losses - net |  |  | 0 |  | 0.12 |  | 0 |  | 0.12
Adjusted Earnings (Loss) Per Share |  |  |  | 0.38 |  | 0.55 |  | -0.03 |  | 0.9
Weighted-average shares outstanding (assuming dilution) |  |  |  |  |  |  |  |  |  | 403
NextEra Energy Resources' interest expense is based on a deemed capital structure of 50% debt for operating projects and 100% debt for projects under construction.  For these purposes, the deferred credit associated with differential membership interests sold by a NextEra Energy Resources subsidiary in 2007 is included with debt.  Residual non-utility interest expense is included in Corporate & Other. Corporate & Other represents other business activities, other segments that are not separately reportable, eliminating entries, and may include the net effect of rounding.