FPL Group Chairman and CEO Comments on Waxman-Markey climate and energy bill

JUNO BEACH, Fla.—Lew Hay, chairman and CEO of FPL Group, the nation’s No. 1 producer of renewable energy from wind and solar power, issued the following statement today on the American Clean Energy and Security Act of 2009 sponsored by Rep. Henry A. Waxman (D-Calif.), chairman of the House Committee on Energy and Commerce, and Rep. Edward J. Markey (D-Mass.), chairman of the House Subcommittee on Energy and Environment and the Select Committee on Energy Independence and Global Warming:

“Chairman Waxman and Chairman Markey have shown outstanding commitment to building a clean-energy economy that will create jobs, strengthen our energy security, protect our electric customers from undue price increases and address the threat of climate change. The legislation they have drafted conforms with many of the elements of both the U.S. Climate Action Partnership’s Blueprint for Action as well as the Edison Electric Institute’s consensus climate principles—both of which we support. Although more work needs to be done, we are encouraged by all of the recent progress that has been made on the bill, and as such, we support moving it through the committee process and onto the House floor. It is vital that legislation pass this year.”

FPL Group is a leading clean-energy company with 2008 revenues of more than $16 billion, some 39,000 MW 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 Co., 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.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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