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FPL, IBEW AGREE ON CONTRACT; RATIFICATION VOTE PENDING

 FPL, IBEW AGREE ON CONTRACT; RATIFICATION VOTE PENDING
 MIAMI, Sept. 8 /PRNewswire/ -- Florida Power & Light Company today


announced that the company and union negotiators have reached an agreement on a new three-year contract after more than a year of negotiations. FPL employees represented by the IBEW will be asked to ratify the contract as soon as voting can be scheduled.
 "We are delighted that negotiations have been successfully concluded," FPL Chairman of the Board and Chief Executive Officer Jim Broadhead said. "The new contract provides for competitive wages and benefits for our union employees and, at the same time, provides for work rule flexibility to help us in our efforts to hold down the cost of service to our customers."
 The union negotiating committee has unanimously endorsed the contract for ratification.
 The contract provides for 3.5 percent annual wage increases, retroactive to Nov. 1, 1991; improved pension, savings and life insurance plans; and implementation of a managed health care plan to stabilize insurance premiums.
 -0- 9/8/92
 /CONTACT: Florida Power & Light Company corporate communications, 305-552-3883/ CO: Florida Power & Light Co. ST: Florida IN: UTI SU:


JB-JJ -- FL016 -- 7229 09/08/92 17:48 EDT
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Publication:PR Newswire
Date:Sep 8, 1992
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