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FPL FILES SHELF REGISTRATION FOR $300 MILLION OF PREFERRED STOCK

 FPL FILES SHELF REGISTRATION FOR $300 MILLION OF PREFERRED STOCK
 MIAMI, Feb. 28 /PRNewswire/ -- Florida Power & Light Company today filed a shelf registration with the Securities and Exchange Commission for the future sale of up to $300 million of preferred stock. These securities, together with $200 million of preferred stock remaining under an existing shelf registration, are expected to cover FPL's preferred stock financing requirements for the next several years. Net proceeds from the sales will be used primarily to support FPL's construction program.
 FPL is one of the largest investor-owned electric utilities in the nation and is the principal subsidiary of FPL Group, Inc. (NYSE: FPL).
 -0- 2/28/92
 /NOTE TO EDITOR: A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
 This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction./
 /CONTACT: Stacey Shaw of Florida Power & Light Company, 305-552-4898/
 (FPL) CO: Florida Power & Light Company ST: Florida IN: UTI SU: OFR


JJ-AK -- FL006 -- 3834 02/28/92 15:40 EST
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Publication:PR Newswire
Date:Feb 28, 1992
Words:237
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