1. POWERING TODAY. EMPOWERING TOMORROW. ® A Developer’s Perspective on New Nuclear Plant Deployment March 18, 2009 Steven D. Scroggs Senior Director, Project Development Florida Power & Light Company “ We believe meeting our customers’ need for reliable power must go hand in hand with preserving the environment.” -Lew Hay FPL Group Chairman and CEO

2. Cautionary Statements and Risk Factors That May Affect Future Results Any statements made herein about future operating results or other future events are forward-looking statements under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include, for example, statements regarding anticipated future financial and operating performance and results, including estimates for growth. Actual results may differ materially from such forward- looking statements. A discussion of factors that could cause actual results or events to vary is contained in our SEC filings.

3. Topics  Lessons from our History  A Developer’s perspective:  What decisions must be made?  What are the roles of government?  What are the roles of industry?  What is needed to succeed?

4. Nuclear Industry History Teaches Lessons Units Entering Service after TMI 116 units under construction at the time of Three Mile Island (TMI): 66 were cancelled 50 completed average delay of 6.3 years

5. Cost Overruns Existed Before TMI  Cost overruns were the result of multiple issues:  Regulatory uncertainty  Design changes & ineffective management  Economic pressures o demand destruction, inflation

6. What Decisions?

7. Key Decisions (Going to the Big Dance)  Who are you going to the dance with?  How will you manage the expectations of all stakeholders?  When do you step on the gas, when do you step on the brake?  How aggressive should you be?  Is everyone onboard when you are at the commitment point?

8. As Important is How you make Decisions  Decide what you can, when you can  Collect, analyze, discuss, collect more…  Manage risk in a way that creates alignment  Assess, act, repeat…  Learn from others, share with others  There can be no single successful project

9. The Role of Government

10. Allow us to do our job  Provide Regulatory Certainty  Predictability of Review Process  Finality of decisions  Uphold commitments

11. The Role of Industry

12. Deliver  No Excuses  Timing has positioned our product with unprecedented advantages  No Special Treatment  The economics work  No Mistakes  Existing Operations and New Construction Execution

13. What is Needed?

14. Commitment  Regulatory relationships that are allowed to:  Leverage expertise, respect and communication between agencies  Administer the existing statutes and rules  An industry that will:  Acknowledge that we have to earn the support of the public  Challenge accepted business models and relationships to develop creative, flexible execution teams