FPL Group Capital Inc

FPL Group Capital Inc (Company) holds the capital stock of the non-utility subsidiaries of FPL Group, Inc. (FPL Group) and provides most of their funding. The Company was incorporated in 1985 under the laws of Florida. All of its common stock is owned by FPL Group. FPL Group is the parent of Florida Power & Light Company (FPL) and is, therefore, a public utility holding company as defined in the Public Utility Holding Company Act of 1935, as amended (Holding Company Act). FPL Group, however, is exempt from substantially all of the provisions thereof on the basis that FPL Group's and FPL's businesses are predominantly intrastate in character and carried on substantially in a single state, in which both are incorporated. The Company's principal business activities consist of investments in non- utility energy projects and agricultural operations.