FPL Group Inc

Industry: Electric Utilities

Fortune Rank: 147

FPL Group, Inc. is engaged in the generation, transmission, distribution and sale of electric energy to 4.1 million customers throughout most of the east and lower west coasts of Florida. FPL is also involved in independent power projects. For the six months ended 6/30/05, revenues rose 5% to $5.18B. Net income fell 14% to $340M. Results reflect strong growth in customer accounts, offset by increased costs for fuel, purchased power, and interchange.

FPL Group, Inc. is a public utility holding company. FPL Group's principal subsidiary, Florida Power & Light Company (FPL), is a rate-regulated utility engaged in the generation, transmission, distribution and sale of electric energy. FPL serves more than eight million people along the eastern seaboard and southern portion of Florida. FPL Energy LLC, FPL Group's wholesale energy subsidiary, produces electricity primarily utilizing natural gas, wind and nuclear resources. Together, FPL's and FPL Energy's generating assets represent approximately 30,000 megawatts of capacity. FPL FiberNet, LLC provides fiber-optic services to FPL, telecommunications companies and other customers throughout Florida.

FPL Group Inc

FPL Group Inc is a Fortune 500 company. In 2010 FPL Group Inc was ranked number 147 on the Fortune 500 list, making it the 147th largest company in the United States when judged by revenue.

FPL Group Inc achieved revenue of $15,643.00 million in 2010 and earned a profit of $1,615.00 million.

FPL Group Inc' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 147th compared to 154th in 2009. This was based on its 2009 revenue of $16,410 million (a change of -1 million compared to 2010) and profits of $1,639 million (a change of $0 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then FPL Group Inc would be ranked 83rd rather than 147th due to its profits of $1,615 in 2010.

FPL Group Inc Revenue* Profit* Fortune Ranking

* US$ Million

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