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FPL GROUP COMPLETES COMMON STOCK OFFERING

 FPL GROUP COMPLETES COMMON STOCK OFFERING
 JUNO BEACH, Fla., July 28 /PRNewswire/ -- FPL Group, Inc.


(NYSE: FPL) today announced the public offering of 5 million shares of its common stock at $37.25 per share, with an over-allotment option of 750,000 shares. The offering was made through a group of underwriters represented by Lehman Brothers, Merrill Lynch & Co. and Dean Witter Reynolds, Inc.
 Net proceeds from the sale will be added to FPL Group's general funds and will be used to provide equity funds for its subsidiaries and for other corporate purposes.
 A copy of the prospectus relating to these securities can be obtained from the underwriters.
 FPL Group, Inc. is a holding company, the principal subsidiary of which is Florida Power & Light Company, one of the largest electric utilities in the nation.
 -0- 7/28/92
 /CONTACT: Dale Thomas of FPL Group, 305-552-3894 or 305-552-3895/
 (FPL) CO: FPL Group, Inc. ST: Florida IN: UTI SU: OFR


JB-AW -- FL015 -- 4302 07/28/92 17:29 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 28, 1992
Words:167
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