FPL Group named No. 1 in electric power sector on Fortune magazine’s 2009 ’Most Admired Companies’ list

Juno Beach, Fla.– For the third consecutive year, Fortune magazine has named FPL Group Inc. (NYSE: FPL) No. 1 in the Electric and Gas category in its list of “Most Admired Companies.”

In addition to being named the most admired leader overall in its sector, FPL Group received the No. 1 ranking among its peers in the following specific areas evaluated: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, and quality of products and services.

“To be ranked No. 1 in our peer group three years in a row is a tremendous honor and a source of pride for FPL Group’s more than 15,000 employees. Underlying our continued success is our relentless focus on customers. As a company, we are absolutely committed to providing excellent value and superior service to those who depend on us to meet their energy needs,” said FPL Group Chairman and Chief Executive Officer Lew Hay.

This year, Fortune revamped the list by combining the former America’s Most Admired Company survey and the former World’s Most Admired Company survey into one. The survey team started with more than 1,400 companies and asked executives, directors and analysts to rate companies in their own industry on a variety of criteria to identify those with the best reputation.

FPL Group is No. 1 nationwide in wind power, No. 1 nationwide in solar power, and Florida Power & Light Company is No. 1 nationwide in energy efficiency programs. Earlier this year, FPL Group was selected for the fifth straight year as one of the “Global 100” most sustainable large corporations in the world by Corporate Knights and Innovest. In addition, CRO (Corporate Responsibility Officer) magazine and IW Financial named FPL Group one of the “100 Best Corporate Citizens” in the United States in 2008.