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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)
DateTimeHeadline
06/15/201020:36:48US Senators Propose Extending Renewable-Energy Grant Program
05/21/201017:08:50FPL Group Formally Changes Name To NextEra Energy
05/12/201017:27:12Energy Executives Endorse Kerry-Lieberman Climate Bill
04/30/201008:54:45FPL To Spend $2 Billion Improving Plants, Cut Work Force By 300
04/27/201008:42:48FPL 1Q Profit Up 53% On Mark-To-Market Gains; Demand Rises
04/26/201018:03:12Low Carbon Investments Tied To Dimming Fate Of Climate Bill
04/05/201014:43:16Utilities Sue US Government To Suspend Nuclear Waste Fee
03/23/201017:22:58US Wind Developers Struggle To Ink Power Contracts
03/10/201016:51:35DOE, Treasury: Smart Grid Grants To Be Tax Exempt
03/04/201013:32:35MARKET TALK: US Nuclear Buildout Needs Policy Certainty -FPL
02/11/201012:56:35NJ:Power Auction Price For PSE&G Territory Down 7.7% From '09
01/26/201008:38:05FPL Group 4Q Profit Falls 14% On Weakness At Generating Operations
12/16/200919:46:40PG&E, DTE Energy Sign 45-MW Contract For Biomass Power
12/03/200917:16:07FPL CEO: Gas Pipeline, Nuclear Project Hinge On Rate Case
11/19/200912:35:09Federal Regulators OK Florida Natural Gas Pipeline Project
11/16/200910:32:07STREET MOVES: UBS Hires Utilities Analyst
11/05/200919:13:02US Government Says Fast-Tracking 6 Calif Solar, Wind Farms

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