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FPL Group Formally Changes Name To NextEra Energy

DOW JONES NEWSWIRES FPL Group Inc. (FPL) officially changed its name to NextEra Energy Inc. Friday after shareholders approved the move, shedding a moniker that harkens to its past as a Florida-specific utility. As it announced the change, which will include shifting its ticker symbol to NEE late next month, the company also gave a forecast for profit growth over the next five years. The new name would reflect FPL's expansion into North America's top renewable energy producer operating in 28 states and Canada from a Florida utility holding company. The company's electric utility would continue to be known as Florida Power & Light Company Chairman and Chief Executive Lew Hay said Friday the name was more fitting for the company after a decade of growth and diversification. Hay said the company expects earnings per share to grow 5% to 7% from 2009's level in that time. FPL shares closed Friday up 44 cents at $50.59. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for F P L (FPL)
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