Renewables Making Our Future Better TJ Tuscai Senior Vice President May 20, 2010

2 Any statements made herein about future operating and/or financial results and/or other future events are forward- looking statements under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of These forward- looking statements may include, for example, statements regarding anticipated future financial and operating performance and results, including estimates for growth. Actual results may differ materially from such forward-looking statements. A discussion of factors that could cause actual results or events to vary is contained in the Appendix herein and in our Securities and Exchange Commission (SEC) filings. Cautionary Statements And Risk Factors That May Affect Future Results

3 FPL Group is a premier U.S. power company A growing, diversified and financially strong Company $21.8 B market capitalization 42,678 MW in operation $15.6 B operating revenues $48.5 B in total assets Successful wholesale generator U.S. leader in renewable generation Assets in 26 states and Canada 18,148 MW in operation $4.0 B in operating revenues $20.1 B in total assets NextEra Energy Resources Florida Power & Light One of the largest U.S. electric utilities Vertically integrated, retail rate-regulated 4.5 MM customer accounts 24,530 MW in operation $11.5 B in operating revenues $26.8 B in total assets FPL Group Market Capitalization as of May 14, 2010, Source: Bloomberg Operating revenue for the year ended December 31, 2009 All other data as of December 31, 2009

4 Our strategy has won FPL Group widespread industry recognition … We’re No. 1 on the “Most Admired” list and one of top 10 most innovative companies in the world We were named Power Company of the Year by Platts against a field of 200 international competitors

5 NextEra Energy Resources has 18,148 1 MW located across 26 states and Canada NextEra Energy Resources Portfolio States and provinces with NextEra Energy Resources power generation facilities Wind Hydro Natural Gas/Oil Solar Nuclear Other 1 As of 12/31/2009

6 Other 56 MW NextEra Energy Resources Portfolio by Fuel Type (1) NextEra Energy Resources’ portfolio consists of industry leading low carbon generation capacity Nuclear 2,552 MW Natural Gas 6,693 MW Wind 7,544 MW Oil 796 MW Hydro 359 MW Solar 148 MW (1)As of December 31, 2009 (2)Source: Energy Information Administration With 95% of “no carbon” to “low carbon” generation assets, NextEra Energy Resources has one of the lowest carbon emission rates of any generator CO 2 Emission Rate (2) Lbs / MWh

7 NextEra Energy Resources Capacity Growth Since 2002, NextEra Energy Resources has added more than 13,000 MW MW CAGR (1) : 17% 9,594 MW of New Build 3,491 MW of Acquisitions (1)CAGR from January 1, 2002 to December 31, 2009 (2)Includes 550 MW of leased capacity in 2002 (2)

8 Cumulative Wind Growth Renewable energy has been an important growth driver for NextEra Energy Resources since 2002… MW CAGR: 23%

9 NextEra Energy Resources – Leader in Renewable Energy (Wind, Solar, and Hydro) …and has positioned us as the U.S. leader in renewable energy by a wide margin NextEra Energy Resources’ renewable capacity is more than double the next leading competitor Source: American Wind Energy Association as of 12/31/ % ∆ MW

10 Capturing the wind… …innovation at work

11 Source: Global Wind Energy Council (GWEC) Wind is truly a global market, but the U.S. market remains the global leader Global Installed Wind Capacity Year-end 2009 GW Year-end 2009 installed global capacity was GW

12 Top U.S. Wind Owners (2009 Total Capacity) We have 7,459 MW of wind capacity and nearly 9,000 wind turbines in the U.S. giving us a significant scale advantage over other leading U.S. owners Note: NextEra also has 85 MW of wind capacity in Canada Sources: American Wind Energy Association as of 12/31/09 Strong U.S. market fundamentals in recent years attracted significant investment from around the world in U.S. wind MW Resources

13 37,500 MW new build (per GWEC 1) in 2009 Cumulative wind capacity worldwide is now 157,900 MW±¹ Largest new build countries in 2009: –China13,000 MW –U.S. 9,900 MW –Spain 2,500 MW –Germany 1,900 MW –India 1,300 MW –ROW 8,900 MW 1 GWEC - Global Wind Energy Council, 2/09 announcement The global wind industry continues to expand 73% of all wind built in 2009 in just 4 countries

14 Source: FERC as of 7/8/09 (1)TVA: Tennessee Valley Authority Renewable Portfolio Standard (RPS) Voluntary standards or goals Proposed or studying RPS Renewable Portfolio Standards in the U.S. Growth in renewables has been fueled by Renewable Portfolio Standards (RPS) HI: 40% by 2030 CA: 20% by 2010 & 33% by 2020 OR: 25% by 2025 NV: 25% by 2025 AZ: 15% by 2025 UT: 20% by 2025 NM: 20% by 2020 TX: 5,880 MW by 2015 OK: Studying an RPS KS: 20% by 2020 NE: Propose d RPS SD: 10% by 2015 ND: 10% by 2015 MT: 15% by 2015 CO: 30% by 2020 WA: 15% by 2020 MO: 15% by 2021 IA: 105 MW MN: 25% by 2025 WI: 10% by 2015 IL: 25% by 2025 PA: 18% by 2020 NC: 12.5% by 2021 KY: Report Recommends RPS MI: 10% MWh & 1,100 MW by 2015 MD: 20% by 2022 DC: 20% by 2020 DE: 20% by 2019 NJ: 22.5% by 2020 VA: 12% by 2022 LA: Investigating Potential for RPS CT: 27% by 2020 RI: 16% by 2019 NH: 23.8% by 2025 VT: 20% by 2020 NY: 25% by 2013 ME: 40% by 2017 MA: 15% by 2020 WV: 25% by 2025 TVA (1) : 50% by 2020 OH: 12.5% by 2025 FL: Studying an RPS

was a record year for U.S. wind development –9,900+ MW in U.S. –Represented $20 billion of new investment Many challenges and opportunities still exist (transmission, queue reform, project finance, etc.) 2010 U.S. wind market: –Wide range possible; 4,000 – 7,000 MW –Uncertainty of project finance/ tax equity markets have delayed investment for many –Hangover from 2007 & 2008 largely depleted U.S. wind production in 2010 will be between 2.5 – 3.00% of U.S. electricity supply¹ Wind’s promise in the U.S. is now being realized… ¹Assumes fleet-wide NCF of 34% and flat national usage from 2008 (4,000 TWhrs)

16 Continued uncertainty regarding federal climate change legislation or federal Renewable Portfolio Standard Low commodity prices and lower electric demand make it harder to justify new wind generation Economic uncertainty and extension of Production Tax Credit through 2012 has reduced urgency of customer decision making Wind has strong long-term fundamentals, but also faces short- term challenges Long-Term Wind Growth 2009/2010 Near-Term Challenges CAGR: 18% MW 000s

17 Solar is a great growth opportunity…

18 Thermal Trough –Commercially established utility scale technology –Proven and financeable –Similar to our existing facilities in California Photovoltaic –Mostly distributed generation –Traditionally high cost/kWh; but declining fast –Building off of our experiences at FPL in 2009/2010 Solar Technologies Our primary focus in the near term is now both PV and Thermal NextEra Energy Resources has several solar technologies in which to invest

19 AZ CA NV UT CO NM TX WY ID OR FL GA SC NC AL MS LA AR OK KS NE SD MT NJ MD WA Thermal and concentrator technologies thrive in areas with high Direct Normal Irradiance (DNI), while photovoltaic technologies rely on high Global Horizontal Irradiance (GHI) Which Technologies Where? Source: National Renewable Energy Laboratory (NREL) Thermal & Concentrators Traditional Silicon & Thin Film Solar Resource Guide StrongMid RangePoor Direct Normal Irradiance (DNI) Global Horizontal Irradiance (GHI)

20 US Summer Peak demand ~ 800,000MW 100MW of Concentrating Solar Power (CSP) takes ~1 square mile in the southwestern U.S. 8,000 square miles of CSP would meet entire U.S. electric peak demand Energy from the sun is essentially unlimited Theoretical Supply Potential

21 Still high cost renewable resource (>$100 / MWh) Competition from vertically integrated manufacturers –Manufacturers bypassing developers –Unreasonable return expectations driving down margins for everyone Water permitting issues for solar thermal technology Falling prices delaying decisions by off-takers Lack of construction despite multiple PPAs awarded creates rate base opportunities for off-takers Renewable Portfolio Standards (RPS) –Solar carve outs in many states Peak coincident resources (unlike wind) Declining technology costs –In particular, solar photovoltaic –Manufacturers’ production ramp-up to drive costs down further The solar market presents both opportunities and challenges for developers Solar Market Drivers and Challenges Drivers Challenges

22 Transmission Focus Areas We are pursuing transmission development opportunities to support our renewable business Significant transmission needed to unlock renewable resource in the U.S. Highest quality, low cost renewables located remotely from interstate power grid FPL Group pursuing transmission investments in key markets that leverage NextEra Energy Resources’ existing position Rationale

23 Transmission policy changes –Regional cost allocation, federal siting, regional or Interconnection-wide planning, barriers to entry Regional cost allocation –Regional cost allocation necessary to build out the grid –FERC has authority to broadly allocate transmission costs under current law – legislation may limit FERC discretion Transmission policy reform may benefit NextEra Energy Resources’ wind and transmission businesses –Increased takeaway capacity from resource-rich regions –Lower barriers to development of regulated transmission by new entrants like U.S. Transmission Holdings Transmission policy may change more in next 2-3 years than in the past 75 years Transmission Policy Central question: will FERC exercise its discretionary authority?

24 Wind – 100 MW ~ construction jobs ~20 – 40 operations jobs Solar – 100 MW ~3,000 – 5,000 direct & indirect jobs Transmission – 200 mile line ~ construction jobs Significant state and local tax revenues NextEra Energy Resources and green jobs have and will continue to fuel economic recovery Big opportunity for NextEra Energy Resources & the country

Growth Drivers – New Business NextEra Energy Resources continues to deliver growth through wind & solar Installed Wind CapacityInstalled Solar Capacity 11, ■ Existing Wind ■ New Wind ■ E xisting Solar ■ New Solar ■ New Spain Solar 3,500 – 5,000 (MWs) new wind… (MWs) new solar

26 The reality is you can grow to be a Fortune 500 company and make our future better Green Jobs 95% Low CarbonGrowth & Profits PeoplePlanetProfit NextEra Energy Resources Adjusted Earnings ($ MM) (1) 1) See the Appendix for reconciliation of adjusted amounts to GAAP amounts.

27 Appendix

28 NextEra Energy Resources Reconciliation GAAP to Adjusted Earnings ($ in millions)

29 Cautionary Statement And Risk Factors That May Affect Future Results

30 Cautionary Statement And Risk Factors That May Affect Future Results (cont.)

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38 Cautionary Statement And Risk Factors That May Affect Future Results (cont.)