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Home > Fortune 500 Companies > Fpl Group
Fpl Group
FPL Group is a publicly traded company having a good stock performance result. Fpl Group is a fortune 500 stock listed company trading under FPL. For a Florida company without any oranges, FPL Group produces a lot of juice. The holding company has operations across the US, including independent power production and telecommunications businesses.
Most of its revenues are produced by its utility subsidiary Florida Power & Light. It distributes electricity to more than 4 million customers and has more than 22,000 MW of generating capacity from interests in nuclear and fossil-fueled power plants. Subsidiary FPL Group Capital owns the firm's non utility businesses including FPL Energy an independent power producer and wholesale energy marketer.
FPL Group, Inc. and Constellation Energy, two of the strongest, fastest-growing and most successful energy companies in America, today announced that they have signed a definitive agreement to create the nation’s largest competitive energy supplier and its second largest electric utility.
FPL Group, with annual revenues of more than 9 billion dollars is nationally known as a high quality, efficient and customer-driven organization focused on energy-related products and services. With a growing presence in 26 states, it is recognized as one of the country's premier power companies.
The results of last year’s fourth quarter included a net unrealized after tax loss of 2 million dollars associated with the mark to market effect of non-qualifying hedges. Excluding the mark-to-market effect of non-qualifying hedges, FPL Group’s earnings would have been 179 million dollars or 0.46 dollar per share for the fourth quarter of 2005, compared with 175 million dollars or 0.47 dollar per share in the fourth quarter of 2004. For the full year 2005, FPL Group reported net income on a GAAP basis of 885 million dollars or 2.29 dollars per share compared with 887 million dollars or 2.45 dollars per share in 2004.
For 2006, FPL Group expects adjusted earnings of 2.80 dollars to 2.90 dollars per share assuming normal weather and excluding the cumulative effect of adopting new accounting standards as well as the mark-to-market effect of non-qualifying hedges, neither of which can be determined at this time. The outlook for 2006 reflects continued customer growth at Florida Power & Light and normal weather at both the utility and FPL Energy.
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