Topic: How To Invest

Pat: What do you think about utility company FPL Group? I believe it’s into “green energy.” Thank you.

Article Excerpt

FPL Group, $47.07, symbol FPL on New York (Shares outstanding: 408.9 million; Market cap: $19.2 billion), operates though two wholly owned subsidiaries: 1) Florida Power and Light Company is a regulated utility with 4.5 million electricity customers in eastern and southern Florida. Its power stations generate 24,997 megawatts of electricity. These stations operate under some form of regulation by government agencies. That limits the prices Florida Power and Light can charge, but it also provides steady revenue streams that may be used for new investments, upgrades and dividends. The company generated 53% of its electricity with natural gas, followed by nuclear (22%), coal (6%) and oil (5%). Florida Power and Light filled out the remaining 14% with power it bought from other companies. The majority (53%) of the subsidiary’s customers were homeowners in 2008. Florida Power and Light accounted for 71% of FPL Group’s 2008 revenue and 46% of its earnings. 2) NextEra Energy Resources operates unregulated electrical-power projects in Canada and 16…