Dear , Florida Power & Light Company today said that we will need to increase residential customer bills in January by about 7 percent over December 2008 bills. We expect bills for small and medium business customers to increase by about 7 to 8 percent. The primary components of the adjustment include pass-through fuel costs, previously announced investments in nuclear power generation, and energy conservation costs. Bill estimates are subject to change based on fluctuation in fuel prices, the potential impact of hurricanes and other factors which cannot be anticipated. Any increases must be approved by the PSC. For a 16,800 kilowatt hour SMB customer bill, the January 2009 bill would be $131.92 more than the December 2008 bill. At $1,891.17, the 2009 bill would be among the lowest of all electric utilities in Florida. Based on current projections for a 16,800 kilowatt hour SMB customer bill, the pass-through fuel charge would increase in January 2009 by about $66.87 over the December bill. This increase is lower than expected and includes the remaining under-recovered amount for 2008 and an increase for the projected cost of fuel in 2009. FPL makes no profit on fuel. The remaining increase would fund: · A previously announced increase in the capacity of existing nuclear units at Turkey Point and Port St. Lucie by 400 megawatts, or the equivalent of a medium-sized power plant, helping to reduce reliance on fossil fuels. · Initial steps toward the construction of two nuclear power units at Florida Power & Light Company’s Turkey Point generating complex in Miami-Dade County, also as previously announced. · Funding for an increased level of conservation. FPL’s efficiency and conservation programs are No. 1 in the nation in terms of cumulative megawatts avoided, according to U.S. Department of Energy data, allowing the company to avoid building 12 medium-sized power plants. · And, construction of three new solar power generation facilities capable of producing 110 megawatts of clean solar power with zero fuel costs and zero greenhouse gas emissions, as previously announced. Floridians expect affordable, reliable, clean energy solutions. That’s why FPL is investing in making our infrastructure cleaner, more fuel efficient and less reliant on any single source of fuel. As we do so, we’re very focused on operating efficiently and helping customers to save money. While we can’t control what we have to pay for fuel, we have invested to make our current fossil fuel fleet the most fuel efficient among large-scale utilities nationwide, and our investments in nuclear and solar power and energy conservation will help further reduce our reliance on fossil fuels over the long term. There are a number of steps you can take to make your business more energy efficient and reduce your electricity costs. Please visit www.FPL.com for more information. You can also call me directly at the number below, or call FPL at 1-800-375-5566, to begin identifying ways to help you save. Sincerely yours, FPL Business Care Center.