U-3A-2

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549FORM U-3A-2File No. 69-302Statement by Holding Company Claiming
Exemption under Rule U-3A-2 from the
Provisions of the Public Utility Holding
Company Act of 1935FPL GROUP, INC.Filed on February 24, 2005Page 1 of 28

FPL Group, Inc. hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information:
1.	FPL Group, Inc. (FPL Group), the claimant, is a Florida corporation, organized in 1984, with its principal executive offices at 700 Universe Boulevard, Juno Beach, Florida 33408. FPL Group's business is the holding of all the outstanding capital stock of its subsidiaries. For information regarding FPL Group's subsidiaries, other than any exempt wholesale generator (EWG), as of December 31, 2004, see Appendix 1.
2.	The claimant's only subsidiary public utility company is Florida Power & Light Company (FPL), a Florida corporation, which is an electric utility. At December 31, 2004, FPL and the claimant (including EWG subsidiaries) had the following generating facilities:

FPL Facilities		Location	No. of Units	Fuel	Net Capability (mw)(a)
Nuclear
St. Lucie		Hutchinson Island, FL	2	Nuclear		1,553	(b)
Turkey Point		Florida City, FL	2	Nuclear		1,386
Steam turbines
Cape Canaveral		Cocoa, FL	2	Oil/Gas		801
Cutler		Miami, FL	2	Gas		206
Manatee		Parrish, FL	2	Oil/Gas		1,591
Martin		Indiantown, FL	2	Oil/Gas		1,643
Port Everglades		Port Everglades, FL	4	Oil/Gas		1,201
Riviera		Riviera Beach, FL	2	Oil/Gas		556
St. Johns River Power Park		Jacksonville, FL	2	Coal/Petroleum Coke		232	(c)
Sanford		Lake Monroe, FL	1	Oil/Gas		138
Scherer		Monroe County, GA	1	Coal		639	(d)
Turkey Point		Florida City, FL	2	Oil/Gas		798
Combined-cycle
Fort Myers		Fort Myers, FL	1	Gas		1,441
Lauderdale		Dania, FL	2	Gas/Oil		859
Martin		Indiantown, FL	2	Gas		943
Putnam		Palatka, FL	2	Gas/Oil		498
Sanford		Lake Monroe, FL	2	Gas		1,889
Simple-cycle combustion turbines
Fort Myers		Fort Myers, FL	1	Gas/Oil		326
Martin		Indiantown, FL	1	Gas/Oil		320
Gas turbines/diesels
Fort Myers		Fort Myers, FL	12	Oil		648
Lauderdale		Dania, FL	24	Oil/Gas		840
Port Everglades		Port Everglades, FL	12	Oil/Gas		420
Turkey Point		Florida City, FL	5	Oil		12
TOTAL						18,940	(e)
(a)	Represents FPL's net ownership interest in plant capacity.
(b)	Excludes Orlando Utilities Commission's and the Florida Municipal Power Agency's combined share of approximately 15% of St. Lucie Unit No. 2.
(c)	Represents FPL's 20% ownership interest in each of St. Johns River Power Park Units Nos. 1 and 2, which are jointly owned with Jacksonville Electric Authority (JEA).
(d)	Represents FPL's approximately 76% ownership of Scherer Unit No. 4, which is jointly owned with JEA.
(e)	Substantially all of FPL's properties are subject to the lien of FPL's mortgage.  FPL expects to add 1,906 mw by mid-2005, primarily as a result of the planned mid-2005 addition of the natural gas combined cycle generation at the Martin and Manatee sites.

FPL Energy Facilities		Location	No. of Units	Fuel	Net Capability (mw)(a)
Wind
Cabazon		Riverside County, CA	53	Wind		40
Cerro Gordo (b)		Cerro Gordo County, IA	55	Wind		41
Delaware Mountain		Culberson County, TX	39	Wind		30
Diablo Wind		Alameda County, CA	31	Wind		21
Gray County		Gray County, KS	170	Wind		112
Green Mountain		Somerset County, PA	8	Wind		10
Green Power		Riverside County, CA	22	Wind		17
Hancock County (b)		Hancock County, IA	148	Wind		98
High Winds (b)		Solano County, CA	90	Wind		162
Indian Mesa		Upton County, TX	125	Wind		83
King Mountain		Upton County, TX	215	Wind		281
Lake Benton II (b)		Pipestone County, MN	138	Wind		104
Meyersdale		Somerset County, PA	20	Wind		30
Mill Run		Fayette County, PA	10	Wind		15
Montfort (b)		Iowa County, WI	20	Wind		30
Mountaineer		Preston & Tucker Counties, WV	44	Wind		66
New Mexico (b)		Quay & Debaca Counties, NM	136	Wind		204
North Dakota		LaMoure County, ND	41	Wind		62
Oklahoma / Sooner		Harper & Woodward Counties, OK	68	Wind		102
Sky River		Kern County, CA	342	Wind		77
Somerset Wind Power		Somerset County, PA	6	Wind		9
South Dakota		Hyde County, SD	27	Wind		41
Southwest Mesa (b)		Upton & Crockett Counties, TX	107	Wind		75
Stateline (b)		Umatilla County, OR and Walla Walla County, WA	454	Wind		300
Vansycle		Umatilla County, OR	38	Wind		25
Victory Garden		Kern County, CA	96	Wind		22
Waymart		Wayne County, PA	43	Wind		65
Windpower Partners 1994 (b)		Culberson County, TX	112	Wind		27
Woodward Mountain		Upton & Pecos Counties, TX	242	Wind		160
Wyoming		Uinta County, WY	80	Wind		144
Investments in joint ventures		Various	3,634	(c)		305
Total Wind						2,758
Contracted
Bayswater (b)		Far Rockaway, NY	1	Gas		54
Calhoun (b)		Eastaboga, AL	4	Gas		668
Doswell (b)		Ashland, VA	4	Gas/Oil		708
Doswell - Expansion (b)		Ashland, VA	1	Gas/Oil		171
Jamaica Bay (b)		Far Rockaway, NY	1	Oil/Gas		54
Investments in joint ventures		Various	12	(d)		515
Total Contracted						2,170
Merchant
Blythe Energy		Blythe, CA	1	Gas		507
Forney		Forney, TX	2	Gas		1,700
Lamar Power Partners		Paris, TX	2	Gas		1,000
Maine		Various - ME	6	Oil		656	(e)
Maine		Various - ME	83	Hydro		361
Marcus Hook 50		Marcus Hook, PA	1	Gas		50
Marcus Hook 750 (b)		Marcus Hook, PA	3	Gas		744
RISEP (b)		Johnston, RI	1	Gas		550
Seabrook		Seabrook, NH	1	Nuclear		1,024	(f)
Total Merchant						6,592
TOTAL						11,520
(a)	Represents FPL Energy, LLC's (FPL Energy) net ownership interest in plant capacity.
(b)	These consolidated generating facilities are encumbered by liens against their assets securing various financings.
(c)	Represents plants with no more than 50% ownership using wind technology.
(d)	Represents plants with no more than 50% ownership using fuels and technologies such as gas, waste-to-energy, solar, coal and petroleum coke.
(e)	Excludes 10 other energy-related partners' combined share of 38.22%.
(f)	Excludes Massachusetts Municipal Wholesale Electric Company's, Taunton Municipal Lighting Plant's and Hudson Light & Power Department's combined share of 11.77%.

Transmission and Distribution.  During 2004, FPL purchased transmission substation assets located in Seabrook, New Hampshire at their net book value of approximately $21 million from a subsidiary of FPL Energy, LLC (FPL Energy).  The substation assets were transferred in order to qualify for cost recovery opportunities in New England that are limited to transmission providers.  At December 31, 2004, FPL owned and operated the following electric transmission and distribution lines:

Nominal Voltage		Overhead Lines Pole Miles			Trench and Submarine Cables Miles
500	kv		1,104	(a)		-
230	kv		2,395			25
138	kv		1,454			49
115	kv		668			-
69	kv		164			14
Less than 69 kv			41,144			24,166
Total			46,929			24,254
(a)  Includes approximately 75 miles owned jointly with JEA.

In addition, at December 31, 2004, FPL owned and operated 537 substations, one of which is jointly owned.

3.    Florida Power & Light Company

Total kwh of Electric Energy Sold & Purchased
Year Ended December 31, 2004

State	kwh Sold	Revenue $		kwh Purchased	Purchased $
Georgia	1,191,432,000	$	49,457,393	819,664,262	$	163,050,787
Total electric energy sold at wholesale or purchased outside the State of Florida or at the State line	1,191,432,000		49,457,393	819,664,262	$	163,050,787
Florida	103,635,499,297		8,536,653,919
Total electric energy sold (at retail or wholesale)	104,826,931,297	$	8,586,111,312

Total MMBtu's of Gas Sold & Purchased
Year Ended December 31, 2004

State	MMBtu's Sold	Revenue $		MMBtu's Purchased	Purchased $
Alabama	86,683	$	503,977	103,120,006	$	634,061,919
Louisiana	7,410,118		46,199,199	148,624,531		890,981,167
Mississippi	49,943		292,908	48,803,485		275,752,093
Texas	-		-	34,282,126		207,273,297
Total gas sold at wholesale or purchased outside the State of Florida	7,546,744		46,996,084	334,830,148	$	2,008,068,476
Florida	2,599,592		16,560,225
Total gas sold at wholesale	10,146,336	$	63,556,309

FPL had no natural or manufactured gas distributed at retail and no electric energy distributed at retail outside of Florida.

4.	FPL Group has the following interests in EWG's:
(1)  Backbone Mountain Windpower LLC (Backbone, A/K/A Mountaineer) is located in Preston and Tucker Counties, West Virginia. The business address of Backbone is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 66 megawatt wind plant which sells 100% of its power to Exelon Generation Corporation. At December 31, 2004, Backbone Windpower Holdings, LLC owned 100% of Backbone, an EWG. ESI Energy, LLC (ESI Energy) is the parent of the entity that has an interest in Backbone. ESI Energy is a wholly-owned subsidiary of FPL Energy, LLC (FPL Energy) which is wholly-owned by FPL Group Capital Inc (FPL Group Capital), a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $66,763,291 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	69,991,550
	Total debt obligations	$	0
	Net income	$	1,888,316
	FPL Group's equity in net income	$	1,888,316

(2)  Badger Windpower, LLC (Badger, A/K/A Montfort) is located in Iowa County, Wisconsin. The business address of Badger is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 30 megawatt wind plant which sells 85% of its power to Wisconsin Electric-Wisconsin Gas, a subsidiary of Wisconsin Energy Corporation, and 15% of its power to Alliant Energy-Wisconsin Power and Light. At December 31, 2004, FPL Energy American Wind, LLC owned 100% of Badger, an EWG. FPL Energy American Wind, LLC is a wholly-owned subsidiary of FPL Energy American Wind Holdings, LLC. FPL Energy American Wind Holdings, LLC is a wholly-owned subsidiary of FPL Energy Wind Financing, LLC, which is wholly-owned by FPL Energy Wind Funding, LLC, which is wholly-owned by FPL Energy Wind Funding Holdings, LLC, a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Wind Funding, LLC and FPL Energy American Wind, LLC. FPL Group Capital guarantees certain obligations with respect to debt and otherwise, including PTC (Production Tax Credits) and indemnity obligations. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid to affiliated companies for operations, management and administrative services totaled $103,805 in 2004. Equity capital invested by system companies totaled $18,817,293 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	26,330,928
	Total debt obligations	$	0
	Net income	$	2,242,800
	FPL Group's equity in net income	$	2,242,800

(3)  Bayswater Peaking Facility, LLC (Bayswater) is located in Far Rockaway, New York. The business address of Bayswater is 1425 Bay 24th Street, Far Rockaway, NY 11691. The facility is a 54 megawatt oil- and gas-fired simple cycle plant which sells 100% of its power to Long Island Power Authority (LIPA) under an exclusive power tolling arrangement with LIPA. At December 31, 2004, FPL Energy Rockaway Peaking Facilities, LLC owned 100% of Bayswater, an EWG. FPL Energy New York, LLC owned 100% of FPL Energy Rockaway Peaking Facilities, LLC. ESI Energy is the parent of the entity that has an interest in Bayswater. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Rockaway Peaking Facilities, LLC. Fees paid to affiliated companies for operations, management and administrative services totaled $493,118 in 2004. Equity capital retur ned to system companies in excess of equity capital invested by system companies totaled $14,292,202 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	2,110,667
	Total debt obligations	$	52,788,793
	Net income	$	4,753,203
	FPL Group's equity in net income	$	4,753,203

(4)  Blythe Energy, LLC (Blythe) is located in Blythe, California. The business address of Blythe is 15560 W. Hobsonway, Blythe, CA 92225. Blythe is a 507 megawatt natural gas-fired combined cycle merchant plant. At December 31, 2004, FPL Energy Blythe, LLC owned 100% of Blythe, an EWG. FPL Energy Blythe, LLC is wholly-owned by Blythe Energy Acquisitions, LLC. ESI Energy is the parent of the entity that has an interest in Blythe. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has guaranteed certain payment obligations of the EWG. Equity invested by system companies totaled $195,368,063 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	136,943,479
	Total debt obligations (intercompany)	$	268,295,000
	Net loss	$	(45,618,835	)
	FPL Group's equity in net loss	$	(45,618,835	)

(5)  Calhoun Power Company I, LLC (Calhoun) is located in Eastaboga, Alabama. The business address of Calhoun is 720 Green Valley Drive, Eastaboga, AL 36260. The facility is a 668 megawatt natural gas-fired simple-cycle facility which sells its power to Alabama Power Company. At December 31, 2004, FPL Energy Construction Funding LLC owned 100% of Calhoun, an EWG. FPL Energy Construction Funding, LLC is wholly-owned by FPL Energy Construction Funding Holdings LLC which is wholly-owned by ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Construction Funding, LLC (Construction Funding). Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. FPL Group Capital has guaranteed certain payment obligations of the EWG. Fees paid to affiliated companies for operations, management and administrative services totaled $860,000 in 2004. Equity capital invested by system companies totaled $136,234,782at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	154,950,246
	Total debt obligations	$	104,225,000
	Net income	$	14,109,223
	FPL Group's equity in net income	$	14,109,223

(6)  Delaware Mountain Wind Farm, LP (Delaware Mountain) is located in Culberson County, Texas. The business address of Delaware Mountain is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 30 megawatt wind plant which sells 100% of its power to the Lower Colorado River Authority. At December 31, 2004, FPL Energy Delaware Mountain GP, LLC and FPL Energy Delaware Mountain LP, LLC collectively owned 100% of Delaware Mountain, an EWG. ESI Energy is the parent of the entities that have interests in Delaware Mountain. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $122,400 in 2004. Equity capital invested by system companies totaled $19,656,002 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	17,560,465
	Total debt obligations	$	0
	Net loss	$	(843,160	)
	FPL Group's equity in net loss	$	(843,160	)

(7)  Diablo Winds, LLC (Diablo) is located in Alameda County, California. The business address of Diablo is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 21 megawatt wind plant which sells 100% of its power to Pacific Gas & Electric. At December 31, 2004, ESI Energy owned 100% of Diablo, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $16,494,527 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	16,466,494
	Total debt obligations	$	0
	Net loss	$	(28,033	)
	FPL Group's equity in net loss	$	(28,033	)

(8)  Doswell Limited Partnership (Doswell) is located in Ashland, Virginia. The business address of Doswell is 10098 Old Ridge Road, Ashland, VA 23005. Doswell has two facilities, a 708 megawatt oil- and gas-fired combined cycle plant and a 171 megawatt oil- and gas-fired simple cycle plant, which sell 100% of their power to Virginia Electric and Power Company. At December 31, 2004, ESI LP, LLC and Doswell I, LLC collectively owned 100% of the partnership interests in Doswell, an EWG, and ESI Doswell GP, LLC owned 100% of Doswell I, LLC. ESI Energy is the parent of ESI LP, LLC and ESI Doswell GP, LLC. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Energy had outstanding letters of credit of approximately $13.8 million at December 31, 2004 for obligations under purchase and sale of power and fuel transportation agreements. Senior secured bonds issued by an affiliate of Doswell are unconditionally guaranteed by Doswell. FPL Group Capital has provided a guarantee, in lieu of posting cash or other security, to satisfy Doswell's obligation to fund a major maintenance account and debt service reserve. The project assets serve as collateral for the debt held at FPL Energy Virginia Funding Corporation. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees and letters of credit. Fees paid to affiliated companies for operations, management and administrative services totaled $1,216,022 in 2004. Equity capital returned to system companies in excess of equity capital invested by system companies totaled $182,806,784 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	33,924,335
	Total debt obligations (intercompany)	$	309,375,000
	Net income	$	42,743,496
	FPL Group's equity in net income	$	42,743,496

(9)  ESI Vansycle Partners, L.P. (Vansycle) is located in Umatilla County, Oregon. The business address of Vansycle is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 25 megawatt wind plant which sells 100% of its power to Portland General Electric Company. At December 31, 2004, ESI Vansycle GP, Inc. and ESI Vansycle LP, Inc. collectively owned 100% of Vansycle, an EWG. ESI Energy is the parent of the entities that have interests in Vansycle. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. ESI Energy has guaranteed certain payment obligations of the EWG. Fees paid to affiliated companies for operations, management and administrative services totaled $105,000 in 2004. Equity capital invested by system companies totaled $11,729,017 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	20,127,683
	Total debt obligations	$	0
	Net income	$	1,509,185
	FPL Group's equity in net income	$	1,509,185

(10)  FPL Energy Cabazon Wind, LLC (Cabazon) is located in Riverside County, California. The business address of Cabazon is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 40 megawatt wind plant which sells 100% of its power to Southern California Edison. At December 31, 2004, ESI California Holdings, Inc. owned 100% of Cabazon, an EWG. ESI Energy is the parent of the entity that has an interest in Cabazon. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $101,880 in 2004. Equity capital invested by system companies totaled $31,726,805 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	32,749,617
	Total debt obligations	$	0
	Net income	$	1,047,551
	FPL Group's equity in net income	$	1,047,551

(11)  FPL Energy Callahan Wind, LP (Callahan) is located in Callahan County, Texas. The business address of Callahan is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is under construction as of December 31, 2004 and will be a 114 megawatt wind plant. At December 31, 2004, FPL Energy Callahan Wind GP, LLC and FPL Energy Callahan Wind LP, LLC collectively owned 100% of Callahan, an EWG. ESI Energy is the parent of the entities that have interests in Callahan. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $0 in 2004. Equity capital invested by system companies totaled $30,489,224 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	26,909,440
	Total debt obligations	$	0
	Net loss	$	(3,579,784	)
	FPL Group's equity in net loss	$	(3,579,784	)

(12)  FPL Energy Green Power Wind, LLC (Green Power) is located in Riverside County, California. The business address of Green Power is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 17 megawatt wind plant which currently sells 100% of its power to the California ISO (Independent System Operator). At December 31, 2004, ESI California Holdings, Inc. owned 100% of Green Power, an EWG. ESI Energy is the parent of the entity that has an interest in Green Power. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital guarantees certain obligations with respect to debt and otherwise, including PTC (Production Tax Credits) and indemnity obligations. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid to affiliated companies for operations, management and administrative services totaled $125,000 in 2004. Equity capital invested by system companies totaled $9,737,729 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	10,043,249
	Total debt obligations	$	2,930,829
	Net income	$	368,091
	FPL Group's equity in net income	$	368,091

(13)  FPL Energy Hancock County Wind, LLC (Hancock County) is located in Hancock County, Iowa. The business address of Hancock County is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 98 megawatt wind plant which currently sells 82.43% of its power to Interstate Power and Light Company, 6.08% to The Municipal Electric Utility of the City of Cedar Falls, Iowa and 11.49% to Corn Belt Power Cooperative. At December 31, 2004, FPL Energy American Wind, LLC owned 100% of Hancock County, an EWG. FPL Energy American Wind, LLC is a wholly-owned subsidiary of FPL Energy American Wind Holdings, LLC. FPL Energy American Wind Holdings, LLC is a wholly-owned subsidiary of FPL Energy Wind Financing, LLC, which is wholly-owned by FPL Energy Wind Funding, LLC, which is wholly-owned by FPL Energy Wind Funding Holdings, LLC, a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Ca pital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Wind Funding, LLC and FPL Energy American Wind, LLC. FPL Group Capital guarantees certain obligations with respect to the debt and otherwise, including certain PTC and indemnity obligations. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid to affiliated companies for operations, management and administrative services totaled $212,220 in 2004. Equity capital invested by system companies totaled $89,904,289 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	91,391,188
	Total debt obligations	$	0
	Net income	$	464,610
	FPL Group's equity in net income	$	464,610

(14)  FPL Energy Maine, Inc. (FPLE Maine) consists of 1,017 megawatts of hydro and fossil facilities located throughout the state of Maine. The business address of FPLE Maine is 677 Cousins Street, Yarmouth, ME 04096. Power is sold either to the ISO New England power market or to third parties via power sales contracts. At December 31, 2004, FPLE Maine owned 100% of FPL Energy Maine Hydro LLC, FPL Energy Wyman LLC, FPL Energy Mason LLC, FPL Energy Cape, LLC, FPL Energy Wyman IV LLC, FPL Energy Maine Operating Services LLC and FPL Energy Spruce Point LLC, all of which are EWGs. FPL Energy Wyman IV LLC owns 61.7831% of WF Wyman IV. FPLE Maine is 100% owned by FPL Energy which is a wholly-owned subsidiary of FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $724,643 in 2004. Equity capital invested by system companies totaled $534,524,959 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	425,286,115
	Total debt obligations	$	0
	Net income	$	66,756,896
	FPL Group's equity in net income	$	66,756,896

(15)  FPL Energy Marcus Hook, L.P. (MH750, A/K/A Marcus Hook 750) is located in Marcus Hook, Pennsylvania. The business address of MH750 is P.O. Box 426, 100 Green Street, Marcus Hook, PA 19061. The facility is a 744 megawatt gas-fired combined cycle plant which sells 100% of its power to PJM Interconnection, L.L.C. At December 31, 2004, FPL Energy MH700, LLC and FPL Energy Marcus Hook, LLC collectively owned 100% of MH750, an EWG, and FPL Energy Marcus Hook, LLC owned 100% of FPL Energy MH700, LLC. FPL Energy Construction Funding, LLC is the parent of entities that have an interest in MH750. FPL Energy Construction Funding, LLC is wholly-owned by FPL Energy Construction Funding Holdings LLC which is wholly-owned by ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at Construction Funding. FPL G roup Capital has guaranteed the payment obligations of Construction Funding under certain of its "Debt." Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid to affiliated companies for operations, management and administrative services totaled $806,647 in 2004. Equity capital invested by system companies totaled $451,829,822 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	364,798,010
	Total debt obligations	$	239,070,000
	Net loss	$	(85,077,860	)
	FPL Group's equity in net loss	$	(85,077,860	)

(16)  FPL Energy MH50, L.P. (MH50, A/K/A Marcus Hook 50) is located in Marcus Hook, Pennsylvania. The business address of MH50 is P.O. Box 426, 100 Green Street, Marcus Hook, PA 19061. The facility is a 50 megawatt gas-fired simple cycle plant which sells 100% of its power to PJM Interconnection, L.L.C. At December 31, 2004, FPL Energy MH50 GP, LLC and FPL Energy MH50 LP, LLC collectively owned 100% of MH50, an EWG. ESI Energy is the parent of the entities that have interests in MH50. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $134,316 in 2004. Equity capital invested by system companies totaled $10,985,041 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	12,385,536
	Total debt obligations	$	0
	Net loss	$	(28,354	)
	FPL Group's equity in net loss	$	(28,354	)

(17)  FPL Energy New Mexico Wind, LLC (New Mexico) is located in Quay and Debaca Counties, New Mexico. The business address of New Mexico is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 204 megawatt wind plant which sells 100% of its power to Public Service Company of New Mexico. At December 31, 2004, FPL Energy New Mexico Holdings, LLC owned 100% of New Mexico, an EWG. FPL Energy New Mexico Holdings, LLC is a wholly-owned subsidiary of FPL Energy New Mexico Wind Financing, LLC which is a wholly-owned subsidiary of FPL Energy New Mexico Wind II, LLC, which is a wholly-owned subsidiary of FPL Energy New Mexico Wind Holdings II, LLC, which is a wholly-owned subsidiary of ESI Northeast Energy LP, Inc. a wholly owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at F PL Energy Wind Funding, LLC and FPL Energy American Wind, LLC. FPL Group Capital guarantees certain obligations with respect to debt and otherwise, including PTC and indemnity obligations. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid to affiliated companies for operations, management and administration services totaled $222,853 in 2004. Equity capital invested by system companies totaled $11,184,597 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	(3,097,349	)
	Total debt obligations (intercompany)	$	382,633,470
	Net loss	$	(8,297,047	)
	FPL Group's equity in net loss	$	(8,297,047	)

(18)  FPL Energy North Dakota Wind, LLC (North Dakota) is located in LaMoure County, North Dakota. The business address of North Dakota is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 62 megawatt wind plant which sells 100% of its power to Basin Electric Power Cooperative and Otter Tail Power Co. At December 31, 2004, ESI Energy owned 100% of North Dakota, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $105,000 in 2004. Equity capital invested by system companies totaled $60,189,502 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	61,079,220
	Total debt obligations	$	0
	Net income	$	668,167
	FPL Group's equity in net income	$	668,167

(19)  FPL Energy Oklahoma Wind, LLC (Oklahoma) is located in Harper and Woodward Counties, Oklahoma. The business address of Oklahoma is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 51 megawatt wind plant which sells 100% of its power to Oklahoma Municipal Power Authority. At December 31, 2004, ESI Energy owned 100% of Oklahoma, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $122,400 in 2004. Equity capital invested by system companies totaled $52,390,096 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	52,687,094
	Total debt obligations (intercompany)	$	0
	Net income	$	391,019
	FPL Group's equity in net income	$	391,019

(20)  FPL Energy Pecos Wind I, LP (Pecos I) and FPL Energy Pecos Wind II, LP (Pecos II) (collectively, A/K/A Woodward Mountain) are located in Upton and Pecos Counties, Texas. The business address of Pecos I and Pecos II is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. Each facility is an 80 megawatt wind plant which sells 100% of its power to TXU Electric Company. At December 31, 2004, FPL Energy Pecos Wind I GP, LLC and FPL Energy Pecos Wind I LP, LLC collectively owned 100% of Pecos I, an EWG. At December 31, 2004, FPL Energy Pecos Wind II GP, LLC and FPL Energy Pecos Wind II LP, LLC collectively owned 100% of Pecos II, an EWG. ESI Energy is the parent of the entities that have an interest in Pecos I and Pecos II. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has issued letters of credit of $2.5 million at December 31, 2004 for obli gations under purchase and sale of power agreements. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital letters of credit. Fees paid to affiliated companies for operations, management and administrative services totaled $159,648 in 2004. Equity capital invested by system companies totaled $135,589,844 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	120,863,452
	Total debt obligations	$	0
	Net loss	$	(4,013,313	)
	FPL Group's equity in net loss	$	(4,013,313	)

(21)  FPL Energy Seabrook, LLC (Seabrook) is located in Seabrook, New Hampshire. The business address of Seabrook is 626 Lafayette Road, Seabrook, New Hampshire 03874. The facility is a 1,161 megawatt nuclear plant. At December 31, 2004, ESI Energy owned an 88.2% undivided interest in Seabrook, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $5,633,951 in 2004. Equity capital invested by system companies totaled $706,201,598 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	915,044,642
	Total debt obligations	$	0
	Net income	$	148,156,355
	FPL Group's equity in net income	$	148,156,355

(22)  FPL Energy Sooner Wind, LLC (Sooner) is located in Harper and Woodward Counties, Oklahoma. The business address of Sooner is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 51 megawatt wind plant which sells 100% of its power to Oklahoma Gas & Electric Co. At December 31, 2004, ESI Energy owned 100% of Sooner, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services total $122,400 in 2004. Equity capital invested by system companies totaled $42,145,564 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	44,536,861
	Total debt obligations	$	0
	Net income	$	2,022,193
	FPL Group's equity in net income	$	2,022,193

(23)  FPL Energy South Dakota Wind, LLC (South Dakota) is located in Hyde County, South Dakota. The business address of South Dakota is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 41 megawatt wind plant which sells 100% of its power to Basin Electric Power Cooperative. At December 31, 2004, ESI Energy owned 100% of South Dakota, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $105,000 in 2004. Equity capital invested by system companies totaled $38,431,884 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	39,193,442
	Total debt obligations	$	0
	Net income	$	492,549
	FPL Group's equity in net income	$	492,549

(24)  FPL Energy Upton Wind I, LP (Upton I), FPL Energy Upton Wind II, LP (Upton II), FPL Energy Upton Wind III, LP (Upton III), and FPL Energy Upton Wind IV, LP (Upton IV) (collectively, A/K/A King Mountain) are located in Upton County, Texas. The business address of Upton I, Upton II, Upton III and Upton IV is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. Upton I is a 79 megawatt wind plant which sells 100% of its power to Austin Energy. Upton II is a 83 megawatt wind plant which sells 100% of its power to Reliant Energy Renewables, Inc. Upton III is a 79 megawatt wind plant which sells 100% of its power to Reliant Energy Renewables, Inc. Upton IV is a 40 megawatt wind plant which sells 100% of its power to Reliant Energy Renewables, Inc. At December 31, 2004, FPL Energy Upton Wind I GP, LLC and FPL Energy Upton Wind I LP, LLC collectively owned 100% of Upton I, an EWG. At December 31, 2004, FPL Energy Upton Wind II GP, LLC and FPL Energy Upton Wind II LP, LLC collectively owned 100% of Upton II, an EWG. At December 31, 2004, FPL Energy Upton Wind III GP, LLC and FPL Energy Upton Wind III LP, LLC collectively owned 100% of Upton III, an EWG. At December 31, 2004, FPL Energy Upton Wind IV GP, LLC and FPL Energy Upton Wind IV LP, LLC collectively owned 100% of Upton IV, an EWG. ESI Energy is the parent of the entities that have interests in Upton I, Upton II, Upton III and Upton IV. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $306,062 in 2004. Equity capital invested by system companies totaled $269,024,360 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	244,977,105
	Total debt obligations	$	0
	Net loss	$	(8,378,854	)
	FPL Group's equity in net loss	$	(8,378,854	)

(25)  FPL Energy Vansycle L.L.C. (Stateline) is located in Umatilla County, Oregon and Walla Walla County, Washington. The business address of Stateline is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 300 megawatt wind plant which sells 100% of its power to PPM Energy, Inc., formerly Pacificorp Power Marketing. At December 31, 2004, FPL Energy Stateline Holdings, L.L.C. owned 100% of Stateline, an EWG. FPL Energy Stateline Holdings, L.L.C. is a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Vansycle L.L.C. FPL Energy has guaranteed certain performance obligations of the EWG. FPL Group Capital has guaranteed certain obligations of the EWG. FPL Group Capital has incurred obligations in respect of an outstanding letter of credit of approxim ately $2.1 million at December 31, 2004. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the obligations of FPL Group Capital in respect of such letters of credit. Fees paid to affiliated companies for operations, management and administrative services totaled $574,875 in 2004. Equity capital invested by system companies totaled $153,471,419 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	129,747,960
	Total debt obligations	$	121,933.740
	Net loss	$	(14,368,570	)
	FPL Group's equity in net income	$	(14,368,570	)

(26)  FPL Energy Wyoming, LLC (Wyoming) is located in Uinta County, Wyoming. The business address of Wyoming is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 144 megawatt wind plant which sells 100% of its power to PPM Energy, Inc. At December 31, 2004, ESI Energy owned 100% of Wyoming, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has guaranteed certain payment obligations of the EWG. Fees paid to affiliated companies for operations, management and administrative services totaled $105,000 in 2004. Equity capital invested by system companies totaled $145,773,383 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	146,821,097
	Total debt obligations	$	0
	Net income	$	808,637
	FPL Group's equity in net income	$	808,637

(27)  FPLE Forney, L.P. (Forney) and its wholly-owned subsidiaries MNM I, L.P. and MNM I LP, LLC are located in Forney, Texas. The business address of Forney is 13770 West US Highway 80, Forney, TX 75126. The facility is a 1,789 megawatt natural gas-fired combined-cycle facility which sells its power to a variety of third parties. At December 31, 2004, FPL Energy Forney GP, LLC and FPL Energy Forney LP, LLC collectively owned a 100% interest in the capital and a 95% interest in the profits and losses of Forney, an EWG. ESI Energy is the parent of the entities that have an interest is Forney. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has guaranteed certain payment obligations of the EWG. Fees paid to affiliated companies for operations, management and administrative services totaled $5,275,988 in 2004. Equity capital invested by system co mpanies totaled $795,712,579 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	790,759,984
	Total debt obligations	$	0
	Net loss	$	(2,959,696	)
	FPL Group's equity in net loss	$	(2,811,711	)

(28)  Gray County Wind Energy, LLC (Gray County) is located in Gray County, Kansas. The business address of Gray County is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 112 megawatt wind plant which sells 100% of its power to Utilicorp United, Inc. At December 31, 2004, FPL Energy Gray County Wind, LLC owned 100% of Gray County, an EWG. ESI Energy is the parent of the entity that has an interest in Gray County. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $191,320 in 2004. Equity capital invested by system companies totaled $81,008,553 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	86,162,816
	Total debt obligations	$	0
	Net income	$	1,411,268
	FPL Group's equity in net income	$	1,411,268

(29)  Hawkeye Power Partners, LLC (Hawkeye, A/K/A Cerro Gordo) is located in Cerro Gordo County, Iowa. The business address of Hawkeye is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 41 megawatt wind plant which sells 100% of its power to Interstate Power Company. At December 31, 2004, FPL Energy American Wind, LLC owned 100% of Hawkeye, an EWG. FPL Energy American Wind, LLC is a wholly-owned subsidiary of FPL Energy American Wind Holdings, LLC. FPL Energy American Wind Holdings, LLC is a wholly-owned subsidiary of FPL Energy Wind Financing, LLC, which is wholly-owned by FPL Energy Wind Funding, LLC, which is wholly-owned by FPL Energy Wind Funding Holdings, LLC, a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Wind Funding, LLC and FPL Energy American Wind, LLC. FPL Group Capital guarantees certain obligations with respect to debt and otherwise, including PTC and indemnity obligations. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid to affiliated companies for operations, management and administrative services totaled $199,327 in 2004. Equity capital invested by system companies totaled $25,416,170 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	32,409,837
	Total debt obligations	$	0
	Net income	$	1,261,802
	FPL Group's equity in net income	$	1,261,802

(30)  High Winds, LLC (High Winds) is located in Solano County, California. The business address of High Winds is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 162 megawatt wind plant which sells 100% of its power to PPM Energy, Inc., formerly PacifiCorp Power Marketing. At December 31, 2004, FPL Energy American Wind, LLC owns 100% of High Winds, an EWG. FPL Energy American Wind, LLC is a wholly-owned subsidiary of FPL Energy American Wind Holdings, LLC. FPL Energy American Wind Holdings, LLC is a wholly-owned subsidiary of FPL Energy Wind Financing, LLC, which is wholly-owned by FPL Energy Wind Funding, LLC, which is wholly-owned by FPL Energy Wind Funding Holdings, LLC, a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for t he debt held at FPL Energy Wind Funding, LLC and FPL Energy American Wind, LLC. FPL Group Capital guarantees certain obligations with respect to debt and otherwise, including PTC and indemnity obligations. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid to affiliated companies for operations, management and administrative services totaled $188,410 in 2004. Equity capital invested by system companies totaled $168,426,898 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	175,210,293
	Total debt obligations	$	0
	Net income	$	6,246,975
	FPL Group's equity in net income	$	6,246,975

(31)  Indian Mesa Wind Farm, L.P. (Indian Mesa) is located in Upton County, Texas. The business address of Indian Mesa is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is an 83 megawatt wind plant which sells 61.82% of its power to the Lower Colorado River Authority and 38.18% of its power to TXU Electric Company. At December 31, 2004, FPL Energy Indian Mesa GP, LLC and FPL Energy Indian Mesa LP, LLC collectively owned 100% of Indian Mesa, an EWG. ESI Energy is the parent of the entities that have interests in Indian Mesa. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has incurred obligations in respect of an outstanding letter of credit of approximately $575,000 at December 31, 2004. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under c ertain of its "Debt," which is defined so as to include the FPL Group Capital in respect of such letters of credit. Fees paid to affiliated companies for operations, management and administrative services totaled $122,400 in 2004. Equity capital invested by system companies totaled $72,372,397 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	69,329,925
	Total debt obligations	$	0
	Net loss	$	(1,383,455	)
	FPL Group's equity in net loss	$	(1,383,455	)

(32)  Jamaica Bay Peaking Facility, LLC (Jamaica Bay) is located in Far Rockaway, New York. The business address of Jamaica Bay is 1425 Bay 24th Street, Far Rockaway, NY 11691. The facility is a 54 megawatt oil- and gas-fired simple cycle plant which sells 100% of its power to Long Island Power Authority (LIPA) under an exclusive power tolling arrangement with LIPA. At December 31, 2004, FPL Energy Rockaway Peaking Facilities, LLC owned 100% of Jamaica Bay, an EWG. FPL Energy New York, LLC owned 100% of FPL Energy Rockaway Peaking Facilities, LLC. ESI Energy is the parent of the entity that has an interest in Jamaica Bay. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Rockaway Peaking Facilities, LLC. Fees paid to affiliate companies for operations, management and administrative services totaled $608,642 in 2004. Equity capital return ed to system companies in excess of equity capital invested by system companies totaled $243,876 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	5,130,160
	Total debt obligations	$	58,201,502
	Net income	$	3,199,129
	FPL Group's equity in net income	$	3,199,129

(33)  Lake Benton Power Partners II, LLC (Lake Benton) is located in Pipestone County, Minnesota. The business address of Lake Benton is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 104 megawatt wind plant which sells 100% of its power to Northern States Power. At December 31, 2004, FPL Energy American Wind, LLC owned 100% of Lake Benton, an EWG. FPL Energy American Wind, LLC is a wholly-owned subsidiary of FPL Energy American Wind Holdings, LLC. FPL Energy American Wind Holdings, LLC is a wholly-owned subsidiary of FPL Energy Wind Financing, LLC, which is wholly-owned by FPL Energy Wind Funding, LLC, which is wholly-owned by FPL Energy Wind Funding Holdings, LLC, a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Wind Funding, LLC and FPL Energy American Wind, LLC. FPL Group Capital guarantees certain obligations with respect to debt and otherwise, including PTC and indemnity obligations. FPL Group Capital has outstanding letters of credit of approximately $11.7 million at December 31, 2004 for obligations under purchase and sale of power agreements. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital letters of credit. Fees paid to affiliated companies for operations, management and administrative services totaled $213,510 in 2004. Equity capital invested by system companies totaled $89,241,975 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	80,506,615
	Total debt obligations	$	0
	Net income	$	1,280,652
	FPL Group's equity in net income	$	1,280,652

(34)  Lamar Power Partners, L.P. (Lamar) and its wholly-owned subsidiaries INTEXCO I, LP and INTEXCO I LP, LLC are located in Paris, Texas. The business address of Lamar is P.O. Box 520, Paris, TX 75461. The facility is a 1,000 megawatt natural gas-fired combined-cycle facility which sells its power to a variety of third parties. At December 31, 2004, FPL Energy Paris GP, LLC and FPL Energy Paris LP, LLC collectively owned 100% of Lamar, an EWG. ESI Energy is the parent of the entities that have an interest in Lamar. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has outstanding letters of credit of approximately $1.0 million at December 31, 2004 for obligations under purchase and sale of power and fuel agreements and other payments subject to certain contingencies. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital letters of credit. Fees paid to affiliated companies for operations, management and administration services totaled $3,340,785 in 2004. Equity capital invested by system companies totaled $259,520,399 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	373,121,453
	Total debt obligations	$	0
	Net income	$	866,072
	FPL Group's equity in net income	$	866,072

(35)  Meyersdale Windpower LLC (Meyersdale) is located in Somerset County, Pennsylvania. The business address of Meyersdale is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 30 megawatt wind plant which sells 100% of its power to FirstEnergy Solutions Corp. At December 31, 2004, FPL Energy Pennsylvania Wind, LLC owned 100% of Meyersdale, an EWG. ESI Energy is the parent of the entity that has an interest in Meyersdale. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $30,409,992 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	32,239,796
	Total debt obligations	$	0
	Net income	$	1,645,028
	FPL Group's equity in net income	$	1,645,028

(36)  Mill Run Windpower LLC (Mill Run) is located in Fayette County, Pennsylvania. The business address of Mill Run is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 15 megawatt wind plant which sells 100% of its power to Exelon Generation Company. At December 31 2004, FPL Energy Pennsylvania Wind, LLC owned 100% of Mill Run, an EWG. ESI Energy is the parent of the entity that has an interest in Mill Run. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Energy has guaranteed certain payment obligations of the EWG. Equity capital invested by system companies totaled $12,696,230 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	13,397,981
	Total debt obligations	$	0
	Net income	$	214,568
	FPL Group's equity in net income	$	214,568

(37)  North Jersey Energy Associates (Sayreville) is located in Sayreville, New Jersey. The business address of Sayreville is Jernee Mill Road, PO Box 279, Sayreville, New Jersey 08872. The facility is a 290 megawatt natural gas plant which sells its power to a New Jersey utility and the market. At December 31, 2004, Northeast Energy, LP (NE LP) and Northeast Energy, LLC (NE LLC) collectively owned 100% of Sayreville, an EWG, and NE LP owned 100% of NE LLC. ESI Northeast Energy GP, Inc. and ESI Northeast Energy LP, Inc. collectively owned 50% of NE LP. ESI Energy is the parent of the entities that have an interest in Sayreville. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $1,696,630 in 2004. Equity capital invested by system companies totaled $182,145,785 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	364,291,569
	Total debt obligations	$	0
	Net income	$	77,351,498
	FPL Group's equity in net income	$	38,675,749

(38)  Pennsylvania Windfarms, Inc. (PWF, A/K/A Green Mountain) is located in Somerset County, Pennsylvania. The business address of PWF is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 10 megawatt wind plant which sells 100% of its power to Green Mountain Energy Company. At December 31, 2004, FPL Energy Pennsylvania Wind, LLC owned 100% of PWF, an EWG. ESI Energy is the parent of the entity that has an interest in PWF. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital returned to system companies in excess of equity capital invested by system companies totaled $655,309 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	2,004,803
	Total debt obligations	$	0
	Net income	$	928,486
	FPL Group's equity in net income	$	928,486

(39)  Rhode Island State Energy L.P. (RISE) is located in Johnston, Rhode Island. The business address of RISE is 24 Shun Pike, Johnston, RI 02919. The facility is a 550 megawatt gas-fired combined cycle plant which sells power to the ISO New England power market or to third parties via power sales contracts. At December 31, 2004, Rhode Island State Energy Statutory Trust 2000 owns 100% of RISE, an EWG, which is leased by FPLE Rhode Island State Energy, L.P. FPLE Rhode Island State Energy GP, Inc. and FPLE Rhode Island State Energy LP, LLC collectively own 100% of FPLE Rhode Island State Energy, L.P. ESI Energy is the parent of FPLE Rhode Island State Energy GP, Inc. and FPLE Rhode Island State Energy LP, LLC. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at Rhode Island State Energy Statutory Trust 200 0. FPL Group Capital guarantees certain obligations with respect to debt and otherwise of the EWG. FPL Group Capital has also guaranteed a portion of the payments due under the notes secured by the RISE facility. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees and letters of credit. Fees paid to affiliated companies for operations, management and administrative services totaled $280,451 in 2004. Equity capital invested by system companies totaled $4,120,717 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	(20,924,847	)
	Total debt obligations		345,635,468
	Net loss	$	(14,127,001	)
	FPL Group's equity in net loss	$	(14,127,001	)

(40)  Sky River Partnership (Sky River) is located in Kern County, California. The business address of Sky River is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 77 megawatt wind plant which currently sells 100% of its power to Southern California Edison. At December 31, 2004, ESI Sky River Limited Partnership (ESI Sky) and FPL Energy Sky River Wind, LLC (FPLE Sky) collectively owned 100% of the partnership interest in Sky River, an EWG. ESI Sky and FPLE Sky were collectively owned by ESI Sky River, Inc. and ESI LP, LLC. ESI California Holdings, Inc. owned 100% of ESI Sky River, Inc. ESI California Holdings, Inc. and ESI LP, LLC are wholly-owned by ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $338,346 in 2004. Equity capital invested by system companies totaled $34,201,162 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	41,456,692
	Total debt obligations (third party and intercompany)	$	0
	Net income	$	6,921,906
	FPL Group's equity in net income	$	6,921,906

(41)  Somerset Windpower LLC (Somerset) is located in Somerset County, Pennsylvania. The business address of Somerset is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 9 megawatt plant which sells 100% of its power to Exelon Generation Company. At December 31, 2004, FPL Energy Pennsylvania Wind, LLC owned 100% of Somerset, an EWG. ESI Energy is the parent of the entity that has an interest in Somerset. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Energy has guaranteed certain payment obligations of the EWG. Equity capital invested by system companies totaled $7,228,263 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	7,418,812
	Total debt obligations	$	0
	Net income	$	18,832
	FPL Group's equity in net income	$	18,832

(42)  Victory Garden Phase IV Partnership (Victory Garden) is located in Kern County, California. The business address of Victory Garden is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 22 megawatt wind plant which currently sells 100% of its power to Southern California Edison. At December 31, 2004, ESI VG Limited Partnership (ESI VG) and FPL Energy VG Wind, LLC (FPLE VG) collectively owned 100% of the partnership interests in Victory Garden, an EWG. ESI VG and FPLE VG were collectively owned by ESI LP, LLC and ESI Victory, Inc., which are wholly-owned subsidiaries of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $5,095,226 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	7,324,594
	Total debt obligations	$	0
	Net income	$	2,122,101
	FPL Group's equity in net income	$	2,122,101

(43)  Waymart Wind Farm L.P. (Waymart) is located in Wayne County, Pennsylvania. The business address of Waymart is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 65 megawatt wind plant which sells 100% of its power to Exelon Generation Company. At December 31, 2004, FPL Energy Waymart GP, LLC and FPL Energy Waymart LP, LLC collectively owned 100% of Waymart, an EWG. ESI Energy is the parent of the entities that have an interest in Waymart. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Energy has outstanding letters of credit of approximately $3,500,000 at December 31, 2004 for obligations under a production incentive agreement and settlement agreement. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital letters of credit. Fees paid to affiliated companies for operations, management and administrative services totaled $105,000 in 2004. Equity capital invested by system companies totaled $71,977,148 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	74,898,295
	Total debt obligations	$	0
	Net income	$	2,578,109
	FPL Group's equity in net income	$	2,578,109

(44)  West Texas Wind Energy Partners, L.P. (West Texas Wind, A/K/A Southwest Mesa) is located in Upton and Crockett Counties, Texas. The business address of West Texas Wind is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 75 megawatt wind plant which sells 100% of its power to American Electric Power. At December 31, 2004, ESI West Texas Energy, Inc. and ESI West Texas Energy LP, LLC collectively owned 100% of West Texas Wind, an EWG. FPL Energy American Wind, LLC is the parent of the entities that have an interest in West Texas Wind. FPL Energy American Wind, LLC is a wholly-owned subsidiary of FPL Energy American Wind Holdings, LLC. FPL Energy American Wind Holdings, LLC is a wholly-owned subsidiary of FPL Energy Wind Financing, LLC, which is wholly-owned by FPL Energy Wind Funding, LLC, which is wholly-owned by FPL Energy Wind Funding Holdings, LLC, a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Wind Funding, LLC and FPL Energy American Wind, LLC. FPL Group Capital guarantees certain obligations with respect to debt and otherwise, including PTC and indemnity obligations. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. FPL Group Capital has guaranteed certain payment obligations of the EWG. Fees paid to affiliated companies for operations, management and administrative services totaled $300,077 in 2004. Debt Equity capital returned to system companies in excess of equity capital invested by system companies totaled $28,595,346 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	25,517,783
	Total debt obligations	$	28,869,907
	Net loss	$	(4,871,206	)
	FPL Group's equity in net loss	$	(4,871,206	)

(45)  Windpower Partners 1994, L.P. (WPP94) is located in Culberson County, Texas. The business address of WPP94 is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 41 megawatt wind plant which sells 100% of its power to Lower Colorado River Authority. At December 31, 2004, FPL Energy WPP94 GP, LLC (WPP94 GP), FPL Energy WPP94 LP, LLC (WPP94 LP), LQ GP, LLC (LQ) and LQC LP, LLC (LQC) collectively owned 75% of WPP94, an EWG, and WPP94 GP owned 50% of LQ and WPP94 LP owned 50% of LQC. ESI Energy is the parent of the entities that have an interest in WPP94. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at Windpower Partners 1994, L.P. FPL Group Capital guarantees certain obligations with respect to debt and othe rwise, including PTC (Production Tax Credits) and indemnity obligations. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Equity capital invested by system companies totaled $1,627,287 at December 31, 2004.
	Capitalization and earnings during the reporting period were:
	Total equity	$	1,711,883
	Total debt obligations	$	9,506,563
	Net income	$	84,596
	FPL Group's equity in net income	$	56,349

The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer this 23rd day of February, 2005.

	FPL Group, Inc. K. MICHAEL DAVIS
K. Michael Davis Controller and Chief Accounting Officer (Principal Accounting Officer)

(Corporate Seal)



Attest:

DENNIS P. COYLE

Dennis P. Coyle,
Secretary

Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed:

K. Michael Davis
Controller and Chief Accounting Officer
FPL Group, Inc.
700 Universe Boulevard
Juno Beach, FL 33408

APPENDIX 1

SUBSIDIARIES OF FPL GROUP, INC. ^{(1) (2)}
December 31, 2004

Name	Jurisdiction of Incorporation	Location	Nature of Business
FPL GROUP CAPITAL INC	Florida	Juno Beach, FL	Holds the stock of and provides the funding for the operating companies other than FPL.
*Alandco Inc.	Florida	Juno Beach, FL	Holds real estate investments.
**Alandco I, Inc.	Florida	Juno Beach, FL	Holds real estate investments.
**Alandco/Cascade, Inc.	Florida	Juno Beach, FL	Holds real estate investments.
*FPL Energy ATB, LLC	Delaware	Wilmington, DE	Inactive.
*FPL Energy Services, Inc.	Florida	Miami, FL	Formed to provide ongoing services to implement energy programs.
*FPL Energy, LLC	Delaware	Juno Beach, FL	Participates in energy market and clean fuel generation.
**BAC Investment Corp.	Delaware	Wilmington, DE	Manages intangible assets.
**ESI Energy, LLC	Delaware	Juno Beach, FL	Participates in energy market and clean fuel generation.
***Alpha Joshua (Prime), Inc.	California	Juno Beach, FL	Inactive.
***Alpha Mariah (Prime), Inc.	California	Juno Beach, FL	Inactive.
***Backbone Windpower Holdings, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***Beta Mariah (Prime), Inc.	California	Juno Beach, FL	Inactive.
***Beta Willow (Prime), Inc.	California	Juno Beach, FL	Inactive.
***Big Sandy Acquisitions, LLC	Delaware	Juno Beach, FL	Inactive.
***Blythe Energy Acquisitions, LLC	Delaware	Juno Beach, FL	Formed to develop gas fired project.
****FPL Energy Blythe, LLC	Delaware	Juno Beach, FL	Formed to develop gas fired project.
***Boulevard Associates, LLC	Delaware	Juno Beach, FL	Inactive.
***Calhoun Power Company II Transmission        Co., LLC	Delaware	Juno Beach, FL	Inactive.
***Calhoun Power Company II, LLC	Delaware	Juno Beach, FL	Inactive.
***Coosa River Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
****Coosa River Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Altamont Acquisitions, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***ESI Bay Area GP, Inc.	Florida	Juno Beach, FL	Participates in a wind power project; operations not material.
***ESI Bay Area, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***ESI Brady, Inc.	Florida	Juno Beach, FL	Inactive.
***ESI California Holdings, Inc.	California	Juno Beach, FL	Holding company.
****CH Ormesa LP, Inc.	Florida	Juno Beach, FL	Participated in a geothermal project.
****CH Ormesa, Inc.	Florida	Juno Beach, FL	Participated in a geothermal project.
****CH POSDEF LP, INC.	Florida	Juno Beach, FL	Participated in a geothermal project.
*****Acme POSDEF Partners, L.P.	California	Juno Beach, FL	Participates in a coal project.
******POSDEF Power Company, L.P.	California	Juno Beach, FL	Participates in a coal project.
****CH POSDEF, INC.	Florida	Juno Beach, FL	Participates in a coal project; operations not material.
****ESI Sky River, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
*****ESI Sky River Limited Partnership	Delaware	Juno Beach, FL	Participates in a wind power project.
*****FPL Energy Sky River Wind, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
****FPL Energy 251 Wind, LLC	Delaware	Juno Beach, FL	Inactive.
*****FPL Energy Sagebrush 20, LLC	California	Juno Beach, FL	Inactive.
****FPL Energy VG Repower Wind, LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Calistoga GP, Inc.	Florida	Juno Beach, FL	Inactive.
***ESI Calistoga LP, Inc.	Florida	Juno Beach, FL	Participated in a geothermal project; operations not material.
***ESI Cherokee GP, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project; operations not material.
***ESI Cherokee Holdings, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
****Cherokee County Cogeneration Corp.	Delaware	Juno Beach, FL	Inactive.
****ESI Cherokee MGP, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
***ESI Cherokee LP, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project; operations not material.
****ESI Cherokee County, L.P.	Delaware	Juno Beach, FL	Participates in a combined-cycle natural gas project.
***ESI Doswell GP, LLC	Delaware	Juno Beach, FL	Participates in a combined-cycle natural gas project.
****Doswell I, LLC	Delaware	Juno Beach, FL	Participates in a combined-cycle natural gas project.
***ESI Double "C", Inc.	Florida	Juno Beach, FL	Participates in a natural gas project.
***ESI Ebensburg, Inc.	Florida	Juno Beach, FL	Participates in a coal-fired project.
****Ebensburg Investors Limited Partnership	Pennsylvania	Barberton, OH	Inactive.
***ESI Geothermal Inc.	Florida	Juno Beach, FL	Inactive.
***ESI Kern Front, Inc.	Florida	Juno Beach, FL	Participates in a natural gas project.
***ESI LP, LLC	Delaware	Juno Beach, FL	Formed to invest in partnerships.
****ESI Montgomery County, LLC	Delaware	Juno Beach, FL	Participates in a waste-to-energy project.
*****ESI Montgomery County GP, Inc.	Florida	Juno Beach, FL	Participates in a waste-to-energy project.
*****ESI Montgomery County LP, Inc.	Florida	Juno Beach, FL	Participates in a waste-to-energy project.
****ESI Sky River Limited Partnership	Delaware	Juno Beach, FL	Participates in a wind power project.
****FPL Energy Sky River Wind, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
****ESI VG Limited Partnership	Delaware	Juno Beach, FL	Participates in a wind power project.
****FPL Energy VG Wind, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***ESI Lake Benton Holdings, Inc.	Florida	Juno Beach, FL	Manages intangible assets; operations not material.
***ESI Mojave, Inc.	Florida	Juno Beach, FL	Participates in a wind power project; operations not material.
***ESI Mojave LLC	Delaware	Juno Beach, FL	Participates in wind power project.
***ESI Multitrade LP, Inc.	Florida	Juno Beach, FL	Participates in a wood-burning electric generating project.
***ESI Northeast Energy Acquisition Funding, Inc.	Florida	Juno Beach, FL	Formed to acquire generation assets; operations not material.
***ESI Northeast Energy Funding, Inc.	Florida	Juno Beach, FL	A funding corporation; operations not material.
***ESI Northeast Energy GP, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
***ESI Northeast Energy LP, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
****FPL Energy New Mexico Wind Holdings II, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
*****FPL Energy New Mexico Wind II, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
******FPL Energy New Mexico Wind Financing, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
*******FPL Energy New Mexico Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
********Pacific Power Investments, LLC	Delaware	Wilmington, DE	Manages intangible assets.
****FPL Tel, LLC	Delaware	Juno Beach, FL	Manages lease documents.
****New Mexico Operating Services, LLC	Delaware	Juno Beach, FL	Manages intangible assets.
****North American Power Systems, LLC	Delaware	Juno Beach, FL	Manages tangible assets.
***ESI Northeast Fuel Management, Inc.	Florida	Juno Beach, FL	Provides fuel management services.
***ESI Ormesa Debt Holdings LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Ormesa Holdings I LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Ormesa Holdings, Inc.	Florida	Juno Beach, FL	Inactive.
***ESI Ormesa IE Equity, Inc.	Florida	Juno Beach, FL	Inactive.
****ESI Ormesa Equity Holdings LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Ormesa IH Equity LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Pittsylvania, Inc.	Florida	Juno Beach, FL	Participates in a wood-burning electric generating project.
***ESI Prairie Winds GP, L.L.C.	Delaware	Juno Beach, FL	Inactive.
***ESI Prairie Winds LP, L.L.C.	Delaware	Juno Beach, FL	Inactive.
***ESI Sierra, Inc.	Florida	Juno Beach, FL	Participates in a natural gas project.
***ESI Silverado Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Tehachapi Acquisitions, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***ESI Vansycle GP, Inc.	Florida	Juno Beach, FL	Participates in a wind power project; operations not material.
***ESI Vansycle LP, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***ESI Victory, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Bastrop GP, LLC	Delaware	Juno Beach, FL	Participated in a gas-fired project.
***FPL Energy Bastrop LP, LLC	Delaware	Juno Beach, FL	Participated in a gas-fired project.
***FPL Energy Bellingham, Inc.	Florida	Juno Beach, FL	Inactive.
***FPL Energy Bellingham, LLC	Delaware	Juno Beach, FL	Inactive.
****IDC Bellingham, LLC	Delaware	Juno Beach, FL	Inactive
***FPL Energy Blue Mountain, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Boulder Valley, LLC	Delaware	Juno Beach, FL	Inactive.
****Boulder Valley Power, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Bulldog Wind, LLC	Delaware	Juno Beach, FL	Formed to develop a wind power project.
***FPL Energy Cal Hydro, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy California Wind, LLC	Delaware	Juno Beach, FL	Participates in a wind power project; operations not material.
****ESI Cannon Acquisitions LLC	Delaware	Juno Beach, FL	Participates in a wind power project; operations not material.
*****Ridgetop Power Corporation	California	Juno Beach, FL	Operates a wind power project.
****FPL Energy Pacific Crest Partner, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Callahan Wind GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Callahan Wind LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Construction Funding Holdings LLC	Delaware	Wilmington, DE	Manages intangible assets.
****FPL Energy Construction Funding LLC	Delaware	Wilmington, DE	Manages intangible assets.
*****FPL Energy Marcus Hook LLC	Delaware	Juno Beach, FL	Develop a combined-cycle natural gas project.
******FPL Energy MH700, LLC	Delaware	Juno Beach, FL	Development of a gas-fired project.
***FPL Energy Delaware Mountain GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Delaware Mountain LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Doswell Holdings, Inc.	Florida	Juno Beach, FL	Participates in a natural gas project.
****Doswell Funding Corporation	Florida	Juno Beach, FL	Manages intangible assets; operations not material.
****UFG Holdings, Inc.	Delaware	Wilmington, DE	Manages intangible assets.
***FPL Energy East Mesa LLC	Delaware	Juno Beach, FL	Participated in a geothermal project.
***FPL Energy Equipment Facility, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Everett LLC	Delaware	Juno Beach, FL	Inactive.
****Northwest Power Company, L.L.C.	Washington	Juno Beach, FL	Inactive.
***FPL Energy Forney GP, LLC	Delaware	Juno Beach, FL	Participates in a combined-cycle natural gas project.
***FPL Energy Forney LP, LLC	Delaware	Juno Beach, FL	Participates in a combined-cycle natural gas project.
****FPLE Forney Pipeline, L.P.	Delaware	Juno Beach, FL	Participates in a combined-cycle natural gas project; operations not material.
*****MNM I LP, LLC	Delaware	Juno Beach, FL	Manages intangible assets.
******MNM I, L.P.	Delaware	Juno Beach, FL	Manages intangible assets.
***FPL Energy GRP 91-2, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy GRP 92, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Geo East Mesa Partners, Inc.	Florida	Juno Beach, FL	Manages intangible assets.
***FPL Energy Gray County Wind, LLC	Delaware	Juno Beach, FL	Holding company.
***FPL Energy Great Plains Wind, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Horse Hollow Wind GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Horse Hollow Wind LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
****FPL Energy Horse Hollow Wind, LP	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Illinois Wind, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Indian Mesa GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Indian Mesa LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Island End GP, LLC	Delaware	Juno Beach, FL	Inactive.
****Birch Limited Partnership	Pennsylvania	Juno Beach, FL	Participates in a waste-to-energy project.
***FPL Energy Joshua Falls, LLC	Delaware	Juno Beach, FL	Inactive.
****Joshua Falls Energy Center, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Kansas Wind, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Kelley, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Louisiana Holdings, Inc.	Delaware	Juno Beach, FL	Inactive.
****Red River Energy Development, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy MH50 GP, LLC	Delaware	Juno Beach, FL	Participates in a combined cycle natural gas project.
***FPL Energy MH50 LP, LLC	Delaware	Juno Beach, FL	Participates in a combined cycle natural gas project.
***FPL Energy Mississippi Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
****FPLE Red Bay Development, LLC	Delaware	Juno Beach, FL	Inactive.
****New Albany Energy Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****New Albany Energy Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
****Red Hill Development Company LLC	Delaware	Juno Beach, FL	Inactive.
*****Eastview Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****Sandersville Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
****Union Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****Union Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Mojave Operating Services, LLC	Delaware	Juno Beach, FL	Provides operating and maintenance services for wind projects.
***FPL Energy Morwind, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy New Mexico III, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy New York, LLC	Delaware	Juno Beach, FL	Holding company.
****FPL Energy Rockaway Peaking Facilities, LLC	Delaware	Wilmington, DE	Holding company for peaking project.
****Sunrise Energy Center, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy North Carolina Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy North Dakota Wind II, LLC	Delaware	Juno Beach, FL	Inactive.
****FPL Energy Oklahoma Wind Finance, LLC	Delaware	Wilmington, DE	Manages intangible assets.
***FPL Energy Operating Services, Inc.	Florida	Juno Beach, FL	Provides operating and maintenance services and fuel procurement for projects.
****FPL Energy CO2 Operations, Inc.	Florida	Juno Beach, FL	Provides operating and maintenance services and fuel procurement for projects; operations not material.
****FPL Energy Virginia Power Services, Inc.	Florida	Juno Beach, FL	Manages intangible assets.
***FPL Energy PRG, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Paris GP, LLC	Delaware	Juno Beach, FL	Participates in a natural gas project.
***FPL Energy Paris LP, LLC	Delaware	Juno Beach, FL	Participates in a natural gas project.
*****INTEXCO I LP, LLC	Delaware	Juno Beach, FL	Participates in a natural gas project.
*****INTEXCO I, LP	Delaware	Juno Beach, FL	Participates in a natural gas project.
***FPL Energy Pecos Wind I GP, LLC	Delaware	Juno Beach, FL	Wind project.
***FPL Energy Pecos Wind I LP, LLC	Delaware	Juno Beach, FL	Wind project.
***FPL Energy Pecos Wind II GP, LLC	Delaware	Juno Beach, FL	Wind project.
***FPL Energy Pecos Wind II LP, LLC	Delaware	Juno Beach, FL	Wind project.
***FPL Energy Pennsylvania Wind, LLC	Delaware	Juno Beach, FL	Wind project.
***FPL Energy SEGS III-VII GP, LLC	Delaware	Juno Beach, FL	Participates in a solar electric generating system.
***FPL Energy SEGS III-VII LP, LLC	Delaware	Juno Beach, FL	Participates in a solar electric generating system.
***FPL Energy STP GP, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy STP LP, LLC	Delaware	Juno Beach, FL	Inactive.
****FPL Energy STP, LP	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Sacramento Power, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Solar Funding Corp.	Florida	Juno Beach, FL	Inactive.
***FPL Energy South Carolina Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
****Cherokee Falls Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****Cherokee Falls Power Development Company,        LLC	Delaware	Juno Beach, FL	Inactive.
****FPL Energy Anderson, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Stateline Holdings, L.L.C.	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Stateline II Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
****FPL Energy Stateline II, Inc.	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Tennessee Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
****Flint Valley Energy Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****Flint Valley Energy Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
****Milan Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****Milan Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Terra, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Upton Wind I GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Upton Wind I LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Upton Wind II GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Upton Wind II LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Upton Wind III GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Upton Wind III LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Upton Wind IV GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project; operations not material.
***FPL Energy Upton Wind IV LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Valley Power, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Virginia Holdings, Inc.	Florida	Juno Beach, FL	Holding company; operations not material.
****FPL Energy Virginia Funding Corporation	Delaware	Wilmington, DE	Manages intangible assets.
***FPL Energy WPP 93 GP, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy WPP 93 LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy WPP94 GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
****LQ GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy WPP94 LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
****LQC LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Waymart GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Waymart LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Westside Power, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy White Oak, LLC	Delaware	Juno Beach, FL	Inactive.
****White Oak Power Company, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Wildcat Wind, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Wind Funding Holdings, LLC	Delaware	Juno Beach, FL	Manages intangible assets.
****FPL Energy Wind Funding, LLC	Delaware	Juno Beach, FL	Manages intangible assets.
*****FPL Energy Wind Financing, LLC	Delaware	Juno Beach, FL	Manages intangible assets.
******FPL Energy American Wind Holdings, LLC	Delaware	Juno Beach, FL	Manages intangible assets.
*******FPL Energy American Wind, LLC	Delaware	Wilmington, DE	Manages intangible assets.
********ESI West Texas Energy LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
********ESI West Texas Energy, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***FPL Energy WindRidge Acquisitions, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Wisconsin Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
****FPL Energy Wisconsin Wind, LLC	Delaware	Juno Beach, FL	Inactive.
****Uinta County Wind Farm L.L.C.	Delaware	Juno Beach, FL	Inactive.
***FPLE Pecos Leasing GP, LLC	Delaware	Juno Beach, FL	Inactive.
***FPLE Pecos Leasing LP, LLC	Delaware	Juno Beach, FL	Inactive.
****FPLE Pecos Wind Leasing Co., LP	Delaware	Juno Beach, FL	Inactive.
***FPLE Rhode Island State Energy GP, Inc.	Florida	Juno Beach, FL	Participates in a natural gas project.
***FPLE Rhode Island State Energy LP, LLC	Delaware	Juno Beach, FL	Participates in a natural gas project.
****FPLE Rhode Island State Energy, L.P.	Delaware	Juno Beach, FL	Entity is the lessee of an EWG.
***FPLE Texas Wind I, LLC	Delaware	Juno Beach, FL	Inactive.
***FPLE Upton Leasing GP, LLC	Delaware	Juno Beach, FL	Inactive.
***FPLE Upton Leasing LP, LLC	Delaware	Juno Beach, FL	Inactive.
****FPLE Upton Wind Leasing Co., LP	Delaware	Juno Beach, FL	Inactive.
***Harper Lake Acquisitions, Inc.	Florida	Juno Beach, FL	Inactive.
***Harper Lake Holdings, Inc.	Florida	Juno Beach, FL	Inactive.
***Harper Lake Management, Inc.	Florida	Juno Beach, FL	Inactive.
***High Desert Land Acquisition LLC	Delaware	Juno Beach, FL	Formed to acquire generation assets.
***Hyperion IX, Inc.	Florida	Juno Beach, FL	Participates in a solar electric generating system.
****HLC IX Company	California	Juno Beach, FL	Participates in a solar electric generating system.
***Hyperion VIII, Inc.	Florida	Juno Beach, FL	Participates in a solar electric generating system.
****Harper Lake Company VIII	California	Juno Beach, FL	Participates in a solar electric generating system.
***LET Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
***Limerick Partners, LLC	Delaware	Juno Beach, FL	Inactive.
***MES Financial Corp.	Delaware	Wilmington, DE	Manages intangible assets.
***Midway Power, LLC	Delaware	Juno Beach, FL	Manages intangible assets; operations not material.
***Northern Cross Investments, Inc.	Delaware	Wilmington, DE	Manages intangible assets.
***OTG, LLC	Delaware	Juno Beach, FL	Formed to invest in partnerships.
***Oconee River Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
****Oconee River Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
***Philadelphia Refinery Generation, LLC	Delaware	Juno Beach, FL	Inactive.
****Philadelphia Energy Center, L.P.	Delaware	Juno Beach, FL	Inactive.
***Southern Sierra Power, LLC	Delaware	Juno Beach, FL	Inactive.
***Sullivan Street Investments, Inc.	Delaware	Wilmington, DE	Manages intangible assets.
***Summer Shade Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
***Timber Creek Power Company, LLC	Delaware	Juno Beach, FL	Inactive.
****Chaplin's Acreage Transmission Company LLC	Delaware	Juno Beach, FL	Inactive.
***Tower Associates, LLC	Delaware	Juno Beach, FL	Inactive.
**FPL Energy Cowboy Wind, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
**FPL Energy East Mesa Holdings LLC	Delaware	Juno Beach, FL	Inactive.
**FPL Energy Maine, Inc.	Delaware	Juno Beach, FL	Participates in generation assets.
***FPL Energy Cape, LLC	Delaware	Juno Beach, FL	Participates in generation assets.
***FPL Energy Maine Hydro LLC	Delaware	Juno Beach, FL	Participates in generation assets.
****Kennebec Hydro Resources, Inc.	Maine	Juno Beach, FL	Participates in generation assets.
*****Maine Hydro Operating Services, LLC	Delaware	Juno Beach, FL	Provides employee services.
***FPL Energy Maine Operating Services LLC	Delaware	Juno Beach, FL	Provides operating and maintenance services for a power company.
***FPL Energy Mason LLC	Delaware	Juno Beach, FL	Participates in generation assets.
***FPL Energy Spruce Point LLC	Delaware	Juno Beach, FL	Provider of services for fossil and hydro generation facilities, operations not material.
***FPL Energy Wyman IV LLC	Delaware	Juno Beach, FL	Participates in generation assets.
***FPL Energy Wyman LLC	Delaware	Juno Beach, FL	Participates in generation assets.
**FPL Energy Montana, LLC	Delaware	Juno Beach, FL	Inactive.
**FPL Energy Power Marketing, Inc.	Florida	Juno Beach, FL	Provides retail marketing services.
**FPL Energy Project Management, Inc.	Florida	Juno Beach, FL	Provides employee services.
***Blythe Project Management, LLC	Delaware	Juno Beach, FL	Construction agent for a gas-fired merchant facility; operations not material.
**FPL Group International, Inc.	Florida	Juno Beach, FL	Participates in international power projects.
***FPL Group International South America II, Inc.	Florida	Juno Beach, FL	Inactive.
****FPL Group International Brazil (Cayman) II, Inc.	Cayman	Cayman Islands, B.W.I.	Inactive.
***FPL Group International South America, Inc.	Florida	Juno Beach, FL	Inactive.
***FPL Mamonal, Inc.	Florida	Juno Beach, FL	Inactive.
***FPL-I TPP	Cayman	Cayman Islands, B.W.I.	Inactive.
****FPL-I TPP II	Cayman	Cayman Islands, B.W.I.	Inactive.
***Karaha Bodas Investment Corp.	Cayman	Cayman Islands, B.W.I.	Participates in international power projects.
**Square Lake Holdings, Inc.	Delaware	Wilmington, DE	Manages intangible assets.
*FPL FiberNet, LLC	Delaware	Miami, FL	Exempt telecommunications company.
*FPL Group Holdings 1, Inc.	Florida	Juno Beach, FL	Inactive.
*FPL Group Holdings 2, Inc.	Florida	Juno Beach, FL	Inactive.
*FPL Group Interstate Pipeline Co., LLC	Delaware	Wilmington, DE	Inactive.
**S-C Pipeline Holding, LLC	Delaware	Wilmington, DE	Inactive.
*FPL Group Resources, LLC	Florida	Juno Beach, FL	Identifying, evaluating and transacting on natural gas business activities.
**FPL Group Resources LNG Holdings, LLC	Delaware	Wilmington, DE	Inactive.
***FPL Group Resources Bahamas One, LLC	Bahamas	Commonwealth of the Bahamas	Inactive.
****FPL Group Resources Bahamas Micro Pipeline, LTD	Bahamas	Commonwealth of the Bahamas	Inactive.
****FPL Group Resources Bahamas Asset Holdings, LTD	Bahamas	Commonwealth of the Bahamas	Inactive.
****FPL Group Resources Bahamas Micro Terminal, LTD	Bahamas	Commonwealth of the Bahamas	Inactive.
***FPL Group Resources Bahamas Two, LLC	Bahamas	Commonwealth of the Bahamas	Inactive.
****FPL Group Resources Bahamas Micro Pipeline, LTD	Bahamas	Commonwealth of the Bahamas	Inactive.
****FPL Group Resources Bahamas Asset Holdings, LTD	Bahamas	Commonwealth of the Bahamas	Inactive.
****FPL Group Resources Bahamas Micro Terminal, LTD	Bahamas	Commonwealth of the Bahamas	Inactive.
***FPL Group Resources Bahamas Three, LLC	Bahamas	Commonwealth of the Bahamas	Inactive.
****FPL Group Resources Bahamas Micro Pipeline, LTD	Bahamas	Commonwealth of the Bahamas	Inactive.
****FPL Group Resources Bahamas Asset Holdings, LTD	Bahamas	Commonwealth of the Bahamas	Inactive.
****FPL Group Resources Bahamas Micro Terminal, LTD	Bahamas	Commonwealth of the Bahamas	Inactive.
**FPL Group Resources Marketing Holdings, LLC	Delaware	Wilmington, DE	Inactive.
**Sailfish Natural Gas Company, LLC	Delaware	Wilmington, DE	Inactive.
***Sailfish Natural Gas, LTD	Bahamas	Commonwealth of the Bahamas	Inactive.
*FPL Holdings Inc	Florida	Juno Beach, FL	Holds certain fixed assets used by FPL Group.
**Colonial Penn Capital Holdings, Inc.	Delaware	Juno Beach, FL	Holds the stock of Bay Loan and Investment Bank.
***Bay Loan and Investment Bank	Rhode Island	Juno Beach, FL	Engaged in commercial lending.
*FPL Investments Inc	Florida	Juno Beach, FL	Manages a leveraged lease portfolio.
*HJT Holdings, Inc.	Delaware	Wilmington, DE	Manages intangible assets.
**SRM Investments, L.P.	Delaware	Wilmington, DE	Manages intangible assets.
***EMB Investments	Delaware	Wilmington, DE	Manages intangible assets.
*LCR Holdings, Inc.	Delaware	Wilmington, DE	Manages intangible assets.
*North American Power Systems, LLC	Delaware	Wilmington, DE	Purchase and sale of spare parts.
*Palms Insurance Company, Limited	Cayman	Cayman Islands, B.W.I.	Operates as a captive insurance company primarily engaged in reinsuring liability insurance coverage for FPL Group, Inc. and its subsidiaries.
*Pipeline Financial, Inc.	Delaware	Wilmington, DE	Inactive.
*Pipeline Funding, LLC	Alabama	Juno Beach, FL	Provide financing for pipeline expansion.
*Praxis Group, Inc.	Delaware	Miami, FL	Holds certain immaterial assets and liabilities, but no longer actively in business.
*Turner Foods Corporation	Florida	Punta Gorda, FL	Holding company.
*West Boca Security, Inc.	Delaware	Wilmington, DE	Holds note receivable.
FPL Group Foundation, Inc.	Florida	Juno Beach, FL	Formed to become a nonprofit corporation for charitable purposes.
Florida Power & Light Company	Florida	Juno Beach, FL	Electric utility company.
*BXR, LLC	Delaware	Wilmington, DE	Inactive.
*Florida Power & Light Company Trust I	Delaware	Wilmington, DE	Inactive.
*Florida Power & Light Company Trust II	Delaware	Wilmington, DE	Inactive.
*FPL Enersys, Inc.	Florida	Juno Beach, FL	Formed to pursue opportunities for development or acquisition of energy systems.
**FPL Energy Services II, Inc.	Florida	Juno Beach, FL	Inactive.
**FPL Services, LLC	Florida	Juno Beach, FL	Inactive.
**FPL Services	Florida	Juno Beach, FL	Inactive.
*GridFlorida LLC	Florida	Juno Beach, FL	Inactive.
*KPB Financial Corp.	Delaware	Wilmington, DE	Formed to manage intangible assets.
*FPL Historical Museum, Inc.	Florida	Juno Beach, FL	A not-for-profit corporation formed to collect and preserve tangible objects that help interpret or describe the history of Florida Power & Light Company.
FPL GROUP CAPITAL TRUST I	Delaware	Wilmington, DE	Established to issue Preferred Trust Securities.
FPL GROUP CAPITAL TRUST II	Delaware	Wilmington, DE	Inactive.
FPL GROUP CAPITAL TRUST III	Delaware	Wilmington, DE	Inactive.
FPL GROUP TRUST I	Delaware	Wilmington, DE	Inactive.
FPL GROUP TRUST II	Delaware	Wilmington, DE	Inactive.

(1)	Excludes exempt wholesale generators, as well as the following entities that are consolidated for financial reporting purposes in accordance with FASB Interpretation No. (FIN) 46, "Consolidation of Variable Interest Entities," but are not owned by the claimant or any of its subsidiaries:      FPL Fuels, Inc.      Rhode Island State Energy Statutory Trust 2000
(2)	The following entities are owned, directly or indirectly, by the claimant; however, are not consolidated for financial reporting purposes in accordance with FIN 46:      FPL Group Capital Trust I.

EX-99.A

EXHIBIT A

A consolidating statement of income and surplus of the claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of the claimant and its subsidiary companies as of the close of such calendar year.
Company	Pages
FPL Group, Inc. and Subsidiaries	1
Florida Power & Light Company and Subsidiaries	2
FPL Group Capital Inc and Subsidiaries	3 - 4
Alandco Inc. and Subsidiaries	5
HJT & LCR Holdings and Subsidiaries	6
FPL Energy, LLC and Subsidiaries	7 - 63

FPL GROUP, INC. AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					1
ASSETS	FPL Group, Inc.	Florida Power & Light Company Consolidated	FPL Group Capital Inc Consolidated	Adjusting & Elim. Entries	FPL Group, Inc. Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plan in service and other property	$0	$21,860	$7,861	$0	$29,721
Nuclear fuel	0	370	134	0	504
Construction work in progress	0	1,285	209	1	1,495
Less accumulated depreciation & amortization	0	(9,467)	(1,026)	(1)	(10,494)
Total property, plant and equipment - net	0	14,048	7,178	0	21,226
CURRENT ASSETS
Cash and cash equivalents	26	65	134	0	225
Customer receivables - net	0	585	201	(1)	785
Other receivables	32	216	222	(211)	259
Materials, supplies & fossil fuel inventory - at average cost	0	315	79	0	394
Regulatory assets:
Deferred clause & franchise expenses	0	230	0	0	230
Storm reserve deficiency	0	163	0	0	163
Derivatives	0	9	0	0	9
Derivative assets	0	26	85	(1)	110
Other	137	146	121	(52)	352
Total current assets	195	1,755	842	(265)	2,527
OTHER ASSETS:
Special use funds	0	1,971	299	1	2,271
Other investments	7,702	8	928	(7,898)	740
Regulatory assets:
Storm reserve deficiency	0	373	0	0	373
Unamortized loss on reacquired debt	0	45	0	0	45
Litigation settlement	0	45	0	0	45
Other	0	38	0	0	38
Other	93	831	221	(77)	1,068
Total other assets	7,795	3,311	1,448	(7,974)	4,580
TOTAL ASSETS	$7,990	$19,114	$9,468	($8,239)	$28,333
CAPITALIZATION
Common shareholders' equity	$7,536	$6,150	$1,524	($7,673)	7,537
Long-term debt	-	2,813	5,215	(1)	8,027
Total capitalization	7,536	8,963	6,739	(7,674)	15,564
CURRENT LIABILITIES
Commercial paper	0	492	0	0	492
Current maturities of long-term debt and preferred stock	0	523	722	(20)	1,225
Accounts payable	0	606	156	0	762
Customers' deposits	0	388	11	1	400
Accrued interest and taxes	108	158	78	(117)	227
Regulatory liabilities:
Deferred clause & franchise revenues	0	30	0	0	30
Derivatives	0	0	112	(112)	0
Other	47	826	257	(18)	1,112
Total current liabilities	155	3,023	1,336	(266)	4,248
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	2,015	192	0	2,207
Accumulated deferred income taxes	(5)	1,949	816	(75)	2,685
Regulatory liabilities:
Accrued asset removal costs	0	2,012	0	0	2,012
Asset retirement obligation regulatory expense difference	0	266	0	0	266
Unamortized investment tax credits	0	81	0	0	81
Other	0	106	0	0	106
Other	304	699	385	(224)	1,164
Total other liab. & def. credits	299	7,128	1,393	(299)	8,521
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$7,990	$19,114	$9,468	($8,239)	$28,333
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	FPL Group, Inc.	Florida Power & Light Company Consolidated	FPL Group Capital Inc Consolidated	Adjusting & Elim. Entries	FPL Group, Inc. Consolidated
OPERATING REVENUES	$0	$8,734	$1,789	($1)	$10,522
OPERATING EXPENSES
Fuel, purchased power & interchange	0	4,467	752	(2)	5,217
Other operations and maintenance	0	1,228	444	0	1,672
Restructuring charges	0	0	81	0	81
Depreciation & amortization	0	915	283	0	1,198
Taxes other than income taxes	0	809	72	1	882
Total operating expenses	0	7,419	1,632	(1)	9,050
OPERATING INCOME	0	1,315	157	0	1,472
OTHER INCOME (DEDUCTIONS):
Interest charges	(28)	(183)	(303)	25	(489)
Preferred stock dividends - FPL	0	(1)	0	1	0
Equity in earnings of equity method investees	898	0	94	(898)	94
Allowance for equity funds used during construction	0	37	0	0	37
Other - net	7	(10)	69	(26)	40
Total other deductions - net	877	(157)	(140)	(898)	(318)
INCOME BEFORE INCOME TAXES	877	1,158	17	(898)	1,154
INCOME TAXES	(10)	409	(132)	0	267
NET INCOME (LOSS)	887	749	149	(898)	887
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3,745	313	(502)	189	3,745
DEDUCT:
Dividends	467	603	0	(603)	467
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$4,165	$459	($353)	($106)	$4,165

FLORIDA POWER & LIGHT COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)						2
ASSETS	Florida Power & Light Company	KPB Financial Corp.	FPL Enersys, Inc.	FPL Fuels, Inc.	Adjusting & Elim. Entries	Florida Power & Light Company Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plan in service and other property	$21,860	$0	$0	$0	$0	$21,860
Nuclear fuel	0	0	0	370	0	370
Construction work in progress	1,285	0	0	0	0	1,285
Less accumulated depreciation & amortization	(10,828)	0	0	(202)	1,563	(9,467)
Total property, plant and equipment - net	12,317	0	0	168	1,563	14,048
CURRENT ASSETS
Cash and cash equivalents	64	0	0	0	1	65
Customer receivables - net	585	0	0	0	0	585
Other receivables	188	35	0	16	(23)	216
Materials, supplies & fossil fuel inventory - at average cost	315	0	0	0	0	315
Regulatory assets:
Deferred clause & franchise expenses	230	0	0	0	0	230
Storm reserve deficiency	0	0	0	0	163	163
Derivatives	0	0	0	0	9	9
Derivative assets	26	0	0	0	0	26
Other	398	(1)	0	0	(251)	146
Total current assets	1,806	34	0	16	(101)	1,755
OTHER ASSETS:
Special use funds	1,554	417	0	0	0	1,971
Other investments	423	8	0	0	(423)	8
Regulatory assets:
Storm reserve deficiency	373	0	0	0	0	373
Unamortized loss on reacquired debt	45	0	0	0	0	45
Litigation settlement	45	0	0	0	0	45
Other	38	0	0	0	0	38
Other	1,498	1	0	1	(669)	831
Total other assets	3,976	426	0	1	(1,092)	3,311
TOTAL ASSETS	$18,099	$460	$0	$185	$370	$19,114
CAPITALIZATION
Common shareholders' equity	$6,171	$402	$0	$0	($423)	$6,150
Long-term debt	2,678	-	-	135	0	2,813
Total capitalization	8,849	402	0	135	(423)	8,963
CURRENT LIABILITIES
Commercial paper	457	0	0	35	0	492
Current maturities of long-term debt and preferred stock	523	0	0	0	0	523
Accounts payable	591	0	0	15	0	606
Customers' deposits	388	0	0	0	0	388
Accrued interest and taxes	120	0	0	0	38	158
Regulatory liabilities:
Deferred clause & franchise revenues	30	0	0	0	0	30
Derivatives	6	0	0	0	(6)	0
Other	852	43	0	0	(69)	826
Total current liabilities	2,967	43	0	50	(37)	3,023
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	2,015	0	0	0	0	2,015
Accumulated deferred income taxes	2,691	0	0	0	(742)	1,949
Regulatory liabilities:
Accrued asset removal costs	435	15	0	0	1,562	2,012
Asset retirement obligation regulatory expense difference	266	0	0	0	0	266
Unamortized investment tax credits	81	0	0	0	0	81
Other	96	0	0	0	10	106
Other	699	0	0	0	0	699
Total other liab. & def. credits	6,283	15	0	0	830	7,128
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$18,099	$460	$0	$185	$370	$19,114
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Florida Power & Light Company	KPB Financial Corp.	FPL Enersys, Inc.	FPL Fuels, Inc.	Adjusting & Elim. Entries	Florida Power & Light Company Consolidated
OPERATING REVENUES	$8,734	$0	$0	$70	($70)	$8,734
OPERATING EXPENSES
Fuel, purchased power & interchange	4,470	0	0	66	(69)	4,467
Other operations and maintenance	1,228	0	0	0	0	1,228
Restructuring charges	0	0	0	0	0	0
Depreciation & amortization	915	0	0	0	0	915
Taxes other than income taxes	809	0	0	1	(1)	809
Total operating expenses	7,422	0	0	67	(70)	7,419
OPERATING INCOME	1,312	0	0	3	0	1,315
OTHER INCOME (DEDUCTIONS):
Interest charges	(179)	0	0	(3)	(1)	(183)
Preferred stock dividends - FPL	(1)	0	0	0	0	(1)
Equity in earnings of equity method investees	17	0	0	0	(17)	0
Allowance for equity funds used during construction	37	0	0	0	0	37
Other - net	(29)	18	0	0	1	(10)
Total other deductions - net	(155)	18	0	(3)	(17)	(157)
INCOME BEFORE INCOME TAXES	1,157	18	0	0	(17)	1,158
INCOME TAXES	409	0	0	0	0	409
NET INCOME (LOSS)	748	18	0	0	(17)	749
RET. EARNINGS (DEF.) AT BEG. OF YEAR	313	82	0	0	(82)	313
DEDUCT:
Dividends	603	0	0	0	0	603
Other	0	0	(1)	0	1	0
RET. EARNINGS (DEF.) AT END OF YEAR	$458	$100	$1	$0	($100)	$459

FPL GROUP CAPITAL INC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								3
ASSETS	FPL Group Capital Inc	Alandco Inc. Consolidated	FPL Energy, LLC Consolidated	FPL Energy Services, Inc.	FPL FiberNet, LLC	FPL Group Resources, LLC	North American  Power Systems		Palms Insurance Company, Ltd.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plan in service and other property	-	$0	$7,567	$3	$290	$0	$0		$0
Nuclear fuel	0	0	134	0	0	0	0		0
Construction work in progress	0	0	202	0	8	0	0		0
Less accumulated depreciation & amortization	0	0	(942)	0	(84)	0	0		0
Total property, plant and equipment - net	0	0	6,961	3	214	0	0		0
CURRENT ASSETS
Cash and cash equivalents	41	0	92	0	0	0	0		1
Customer receivables - net	0	0	185	12	4	0	0		0
Other receivables	16	0	165	9	7	1	0		7
Materials, supplies & fossil fuel inventory - at average cost	0	0	67	0	12	0	0		0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0		0
Storm reserve deficiency	0	0	0	0	0	0	0		0
Derivatives	0	0	0	0	0	0	0		0
Derivative assets	2	0	83	0	0	0	0		0
Other	5	0	113	0	2	0	0		3
Total current assets	64	0	705	21	25	1	0		11
OTHER ASSETS:
Special use funds	0	0	299	0	0	0	0		0
Other investments	6,410	0	381	0	0	0	0		69
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0		0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0		0
Litigation settlement	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Other	40	1	175	1	38	0	0		2
Total other assets	6,450	1	855	1	38	0	0		71
TOTAL ASSETS	6,514	$1	$8,521	$25	$277	$1	$0		$82
CAPITALIZATION
Common shareholders' equity	1,524	$1	$5,143	$6	$217	$0	$0		$28
Long-term debt	3,604	-	1,611	-	-	0	0		0
Total capitalization	5,128	1	6,754	6	217	0	0		28
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0		0
Current maturities of long-term debt and preferred stock	604	0	118	0	0	0	0		0
Accounts payable	4	0	155	0	1	0	0		0
Customers' deposits	0	0	11	0	0	0	0		0
Accrued interest and taxes	33	0	33	1	0	0	0		0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0		0
Derivatives	3	0	109	0	0	0	0		0
Other	6	0	219	17	10	1	0		7
Total current liabilities	650	0	645	18	11	1	0		7
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	192	0	0	0	0		0
Accumulated deferred income taxes	58	0	679	0	43	0	0		0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0		0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0		0
Unamortized investment tax credits	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Other	678	0	251	1	6	0	0		47
Total other liab. & def. credits	736	0	1,122	1	49	0	0		47
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$6,514	$1	$8,521	$25	$277	$1	$0		$82
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	FPL Group Capital Inc	Alandco Inc. Consolidated	FPL Energy, LLC Consolidated	FPL Energy Services, Inc.	FPL FiberNet, LLC	FPL Group Resources, LLC	North American  Power Systems		Palms Insurance Company, Ltd.
OPERATING REVENUES	-	$0	$1,710	$27	$37	$0	$0		$20
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	734	17	0	0	0		0
Other operations and maintenance	3	0	394	6	23	5	0		18
Restructuring charges	0	0	81	0	0	0	0		0
Depreciation & amortization	0	0	265	0	18	0	0		0
Taxes other than income taxes	(1)	0	67	1	5	0	0		0
Total operating expenses	2	0	1,541	24	46	5	0		18
OPERATING INCOME	(2)	0	169	3	(9)	(5)	0		2
OTHER INCOME (DEDUCTIONS):
Interest charges	(136)	0	(180)	0	(6)	0	0		0
Preferred stock dividends - FPL	0	0	0	0	0	0	0		0
Equity in earnings of equity method investees	195	0	94	0	0	0	0		0
Allowance for equity funds used during construction	0	0	0	0	0	0	0		0
Other - net	15	0	29	0	0	0	0		6
Total other deductions - net	74	0	(57)	0	(6)	0	0		6
INCOME BEFORE INCOME TAXES	72	0	112	3	(15)	(5)	0		8
INCOME TAXES	(77)	0	(63)	2	(6)	(2)	0		1
NET INCOME (LOSS)	149	0	175	1	(9)	(3)	0		7
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(502)	(6)	220	(41)	(34)	(1)	0		18
DEDUCT:
Dividends	0	0	0	0	0	0	0		0
Other	0	0	(1)	0	0	0	0		(1)
RET. EARNINGS (DEF.) AT END OF YEAR	($353)	($6)	$396	($40)	($43)	($4)	$0		$26

FPL GROUP CAPITAL INC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)									4
ASSETS	CAS Investments, Inc.	HJT & LCR Holdings Consolidated	FPL Holdings Inc.	FPL Investments, Inc.	Pipeline Funding, LLC	West Boca Security, Inc.	Turner Foods Corporation	Adjusting & Elim. Entries	FPL Group Capital Inc Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plan in service and other property	$0	$0	$0	$0	$0	$0	$0	$1	$7,861
Nuclear fuel	0	0	0	0	0	0	0	0	134
Construction work in progress	0	0	0	0	0	0	0	(1)	209
Less accumulated depreciation & amortization	0	0	0	0	0	0	0	0	(1,026)
Total property, plant and equipment - net	0	0	0	0	0	0	0	0	7,178
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0	134
Customer receivables - net	0	0	0	0	0	0	0	0	201
Other receivables	0	8	0	12	2	7	0	(12)	222
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0	0	79
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0	85
Other	0	0	0	0	0	1	0	(3)	121
Total current assets	0	8	0	12	2	8	0	(15)	842
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0	299
Other investments	0	507	0	79	175	317	0	(7,010)	928
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0	0
Other	0	0	0	2	3	0	0	(41)	221
Total other assets	0	507	0	81	178	317	0	(7,051)	1,448
TOTAL ASSETS	$0	$515	$0	$93	$180	$325	$0	($7,066)	$9,468
CAPITALIZATION
Common shareholders' equity	$0	$515	$0	$0	$174	$321	$0	($6,405)	$1,524
Long-term debt	0	0	0	0	0	0	0	0	5,215
Total capitalization	0	515	0	0	174	321	0	(6,405)	6,739
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0	722
Accounts payable	0	0	0	0	0	0	0	(4)	156
Customers' deposits	0	0	0	0	0	0	0	0	11
Accrued interest and taxes	0	0	0	17	0	0	0	(6)	78
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0	112
Other	0	0	0	0	3	4	0	(10)	257
Total current liabilities	0	0	0	17	3	4	0	(20)	1,336
OTHER LIABILITIES AND DEFERRED CREDITS								0
Asset retirement obligations	0	0	0	0	0	0	0	0	192
Accumulated deferred income taxes	0	0	0	76	0	0	0	(40)	816
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0	0
Other	0	0	0	0	3	0	0	(601)	385
Total other liab. & def. credits	0	0	0	76	3	0	0	(641)	1,393
COMMITMENTS AND CONTINGENCIES								0
TOTAL CAPITALIZATION AND LIABILITIES	$0	$515	$0	$93	$180	$325	$0	($7,066)	$9,468
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	CAS Investments, Inc.	HJT & LCR Holdings Consolidated	FPL Holdings Inc.	FPL Investments, Inc.	Pipeline Funding, LLC	West Boca Security,  Inc.	Turner Foods Corporation	Adjusting & Elim. Entries	FPL Group Capital Inc Consolidated
OPERATING REVENUES	$0	$0	$0	$0	$0	$0	$0	($5)	$1,789
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	1	752
Other operations and maintenance	0	0	0	0	0	0	0	(5)	444
Restructuring charges	0	0	0	0	0	0	0	0	81
Depreciation & amortization	0	0	0	0	0	0	0	0	283
Taxes other than income taxes	0	0	0	0	0	0	0	0	72
Total operating expenses	0	0	0	0	0	0	0	(4)	1,632
OPERATING INCOME	0	0	0	0	0	0	0	(1)	157
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	19	(303)
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	0	(195)	94
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0	0
Other - net	9	28	0	0	9	(8)	0	(19)	69
Total other deductions - net	9	28	0	0	9	(8)	0	(195)	(140)
INCOME BEFORE INCOME TAXES	9	28	0	0	9	(8)	0	(196)	17
INCOME TAXES	3	10	0	0	4	(3)	0	(1)	(132)
NET INCOME (LOSS)	6	18	0	0	5	(5)	0	(195)	149
RET. EARNINGS (DEF.) AT BEG. OF YEAR	152	153	0	(20)	1	181	(8)	(615)	(502)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0	0
Other	158	0	0	(1)	0	0	0	(155)	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$171	$0	($19)	$6	$176	($8)	($655)	($353)

ALANDCO INC. AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					5
ASSETS	Alandco Inc.	Alandco I, Inc.	Alandco/ Cascade, Inc.	Adjusting & Elim. Entries	Alandco Inc. Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plan in service and other property	($2)	$0	$2	$0	$0
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0	0
Total property, plant and equipment - net	(2)	0	2	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0
Derivatives	0	0	0	0	0
Derivative assets	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	3	0	0	(3)	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0
Litigation settlement	0	0	0	0	0
Other	0	0	0	0	0
Other	0	1	1	(1)	1
Total other assets	3	1	1	(4)	1
TOTAL ASSETS	$1	$1	$3	($4)	$1
CAPITALIZATION
Common shareholders' equity	$1	$1	$3	($4)	$1
Long-term debt	-	-	-	-	-
Total capitalization	1	1	3	(4)	1
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0
Derivatives	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Other	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1	$1	$3	($4)	$1
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Alandco Inc.	Alandco I, Inc.	Alandco/ Cascade, Inc.	Adjusting & Elim. Entries	Alandco Inc. Consolidated
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring charges	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0
Other - net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0	0
INCOME TAXES	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(6)	3	(21)	18	(6)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($6)	$3	($21)	$18	($6)

HJT & LCR HOLDINGS AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)						6
ASSETS	EMB Investments, Inc.	SRM Investments, L.P.	HJT Holdings, Inc.	LCR Holdings, Inc.	Adjusting & Elim. Entries	HJT & LCR Holdings Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plan in service and other property	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0	0	0
Total property, plant and equipment - net	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0
Other receivables	7	0	0	0	1	8
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total current assets	7	0	0	0	1	8
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	507	515	0	515	(1,030)	507
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other assets	507	515	0	515	(1,030)	507
TOTAL ASSETS	$514	$515	$0	$515	($1,029)	$515
CAPITALIZATION
Common shareholders' equity	$515	$515	$0	$515	($1,030)	$515
Long-term debt	-	-	-	-	-	0
Total capitalization	515	515	0	515	(1,030)	515
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	(1)	0	0	0	1	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0
Derivatives	0	0	0	0		0
Other	0	0	0	0	0	0
Total current liabilities	(1)	0	0	0	1	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$514	$515	$0	$515	($1,029)	$515
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	EMB Investments, Inc.	SRM Investments, L.P.	HJT Holdings, Inc.	LCR Holdings, Inc.	Adjusting & Elim. Entries	HJT & LCR Holdings Consolidated
OPERATING REVENUES	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0
Restructuring charges	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	18	0	18	(36)	0
Allowance for equity funds used during construction	0	0	0	0	0	0
Other - net	28	0	0	0	0	28
Total other deductions - net	28	18	0	18	(36)	28
INCOME BEFORE INCOME TAXES	28	18	0	18	(36)	28
INCOME TAXES	10	0	0	0	0	10
NET INCOME (LOSS)	18	18	0	18	(36)	18
RET. EARNINGS (DEF.) AT BEG. OF YEAR	153	153	0	153	(306)	153
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$171	$171	$0	$171	($342)	$171

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					7
ASSETS	FPL Energy, LLC Consolidated	Elims	FPL Group International, Inc. Consolidated	ESI Energy, LLC Consolidated		FPL Energy, LLC Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$7,567	$1	$0	$6,896		$670
Nuclear fuel	134	0	0	134		0
Construction work in progress	202	2	0	154		46
Less accumulated depreciation & amortization	(942)	(3)	0	(853)		(86)
Total property, plant and equipment - net	6,961	0	0	6,331		630
CURRENT ASSETS
Cash and cash equivalents	92	0	0	89		3
Customer receivables - net	185	(1)	1	51		134
Other receivables	165	(728)	0	687		206
Materials, supplies & fossil fuel inventory - at average cost	67	0	0	58		9
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0		0
Storm reserve deficiency	0	0	0	0		0
Derivatives	0	0	0	0		0
Derivative assets	83	0	0	1		82
Other	113	0	0	77		36
Total current assets	705	(729)	1	963		470
OTHER ASSETS:
Special use funds	299	0	0	299		0
Other investments	381	(3,958)	0	317		4,022
Regulatory assets:
Storm reserve deficiency	0	0	0	0		0
Unamortized loss on reacquired debt	0	0	0	0		0
Litigation settlement	0	0	0	0		0
Other	0	0	0	0		0
Other	175	(196)	4	140		227
Total other assets	855	(4,154)	4	756		4,249
TOTAL ASSETS	$8,521	($4,883)	$5	$8,050		$5,349
CAPITALIZATION
Common shareholders' equity	$5,143	($3,676)	($6)	$4,412		$4,413
Long-term debt	1,611	(263)	0	1,874		0
Total capitalization	6,754	(3,939)	(6)	6,286		4,413
CURRENT LIABILITIES
Commercial paper	0	0	0	0		0
Current maturities of long-term debt and preferred stock	118	0	0	118		0
Accounts payable	155	0	0	47		108
Customers' deposits	11	0	0	6		5
Accrued interest and taxes	33	(392)	10	32		383
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0		0
Derivatives	109	0	0	0		109
Other	219	(336)	1	336		218
Total current liabilities	645	(728)	11	539		823
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	192	1	0	187		4
Accumulated deferred income taxes	679	(134)	0	815		(2)
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0		0
Asset retirement obligation regulatory expense difference	0	0	0	0		0
Unamortized investment tax credits	0	0	0	0		0
Other	0	0	0	0		0
Other	251	(83)	0	223		111
Total other liab. & def. credits	1,122	(216)	0	1,225		113
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$8,521	($4,883)	$5	$8,050		$5,349
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	FPL Energy, LLC Consolidated	Elims	FPL Group International, Inc. Consolidated	ESI Energy, LLC Consolidated		FPL Energy, LLC Consolidated
OPERATING REVENUES	$1,710	$0	$0	$1,576		$134
OPERATING EXPENSES			0
Fuel, purchased power & interchange	734	(3)	0	709		28
Other operations and maintenance	394	(8)	1	301		100
Restructuring charges	81	0	0	78		3
Depreciation & amortization	265	0	0	242		23
Taxes other than income taxes	67	(1)	0	53		15
Total operating expenses	1,541	(12)	1	1,383		169
OPERATING INCOME	169	12	(1)	193		(35)
OTHER INCOME (DEDUCTIONS):
Interest charges	(180)	24	0	(137)		(67)
Preferred stock dividends - FPL	0	0	0	0		0
Equity in earnings of equity method investees	94	(9)	7	96		0
Allowance for equity funds used during construction	0	0	0	0		0
Other - net	29	(25)	0	18		36
Total other deductions - net	(57)	(10)	7	(23)		(31)
INCOME BEFORE INCOME TAXES	112	2	6	170		(66)
INCOME TAXES	(63)	1	2	(20)		(46)
NET INCOME (LOSS)	175	1	4	190		(20)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	220	1	(30)	769		(520)
DEDUCT:
Dividends	0	0	0	0		0
Other	(1)	(1)	0	0		0
RET. EARNINGS (DEF.) AT END OF YEAR	$396	$3	($26)	$959		($540)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)				8
ASSETS	FPL Group International, Inc. Consolidated	Elims	FPL Group International, Inc.	Karaha Bodas Investment Corp.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0
Total property, plant and equipment - net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	1	10	(9)	0
Other receivables	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0
Storm reserve deficiency	0	0	0	0
Derivatives	0	0	0	0
Derivative assets	0	0	0	0
Other	0	0	0	0
Total current assets	1	10	(9)	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(17)	17	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0
Litigation settlement	0	0	0	0
Other	0	0	0	0
Other	4	0	4	0
Total other assets	4	(17)	21	0
TOTAL ASSETS	$5	($7)	$12	$0
CAPITALIZATION
Common shareholders' equity	($6)	($17)	$12	($1)
Long-term debt	0	0	0	0
Total capitalization	(6)	(17)	12	(1)
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	10	10	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0
Derivatives	0	0	0	0
Other	1	0	0	1
Total current liabilities	11	10	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$5	($7)	$12	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	FPL Group International, Inc. Consolidated	Elims	FPL Group International, Inc.	Karaha Bodas Investment Corp.
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	1	0	0	1
Restructuring charges	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	1	0	0	1
OPERATING INCOME	(1)	0	0	(1)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Equity in earnings of equity method investees	7	0	0	7
Allowance for equity funds used during construction	0	0	0	0
Other - net	0	0	0	0
Total other deductions - net	7	0	0	7
INCOME BEFORE INCOME TAXES	6	0	0	6
INCOME TAXES	2	0	2	0
NET INCOME (LOSS)	4	0	(2)	6
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(30)	0	(18)	(12)
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($26)	$0	($20)	($6)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								9
	ESI Energy, LLC Consolidated	Elims	ESI Energy, LLC	CH Ormesa LP, Inc.	CH Ormesa, Inc.	Diablo Winds, LLC	Doswell Funding Corporation	ESI Altamont Acquisitions, Inc.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$6,896	($4)	$0	$0	$0	$23	$0	$0
Nuclear fuel	134	0	0	0	0	0	0	0
Construction work in progress	154	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	(853)	(1)	0	0	0	(1)	0	0
Total property, plant and equipment - net	6,331	(5)	0	0	0	22	0	0
CURRENT ASSETS
Cash and cash equivalents	89	0	0	0	0	0	0	0
Customer receivables - net	51	0	0	0	0	0	0	0
Other receivables	687	(323)	492	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	58	0	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	1	0	0	0	0	0	0	0
Other	77	0	0	0	0	0	0	0
Total current assets	963	(323)	492	0	0	0	0	0
OTHER ASSETS:
Special use funds	299	0	0	0	0	0	0	0
Other investments	317	(5,381)	4,364	0	0	0	0	13
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	(43)	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	(188)	187	0	0	0	0	0
Other	140	32	11	0	0	0	0	0
Total other assets	756	(5,580)	4,562	0	0	0	0	13
TOTAL ASSETS	$8,050	($5,908)	$5,054	$0	$0	$22	$0	$13
CAPITALIZATION
Common shareholders' equity	$4,412	($4,845)	$4,848	$0	$0	$16	$0	$10
Long-term debt	1,874	(621)	0	0	0	0	0	0
Total capitalization	6,286	(5,466)	4,848	0	0	16	0	10
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	118	1	0	0	0	0	0	0
Accounts payable	47	0	0	0	0	2	0	0
Customers' deposits	6	0	0	0	0	0	0	0
Accrued interest and taxes	32	0	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	336	(326)	3	0	0	4	0	0
Total current liabilities	539	(325)	3	0	0	6	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	187	2	0	0	0	0	0	0
Accumulated deferred income taxes	815	(114)	200	0	0	0	0	3
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	223	(5)	3	0	0	0	0	0
Total other liab. & def. credits	1,225	(117)	203	0	0	0	0	3
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$8,050	($5,908)	$5,054	$0	$0	$22	$0	$13
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	ESI Energy, LLC Consolidated	Elims	ESI Energy, LLC	CH Ormesa LP, Inc.	CH Ormesa, Inc.	Diablo Winds, LLC	Doswell Funding Corporation	ESI Altamont Acquisitions, Inc.
OPERATING REVENUES	$1,576	($4)	$3	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	709	(1)	0	0	0	0	0	0
Other operations and maintenance	301	(13)	0	0	0	0	0	0
Restructuring charges	78	0	0	0	0	0	0	0
Depreciation & amortization	242	2	0	0	0	0	0	0
Taxes other than income taxes	53	5	0	0	0	0	0	0
Total operating expenses	1,383	(7)	0	0	0	0	0	0
OPERATING INCOME	193	3	3	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(137)	37	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	96	(61)	143	0	0	0	0	5
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	18	(57)	4	0	0	0	0	0
Total other deductions - net	(23)	(81)	147	0	0	0	0	5
INCOME BEFORE INCOME TAXES	170	(78)	150	0	0	0	0	5
INCOME TAXES	(20)	8	43	0	0	0	0	2
NET INCOME (LOSS)	190	(86)	107	0	0	0	0	3
RET. EARNINGS (DEF.) AT BEG. OF YEAR	769	(142)	181	(1)	5	0	0	17
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$959	($228)	$288	($1)	$5	$0	$0	$20

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								10
	ESI Bay Area GP, Inc.	ESI Bay Area, Inc.	ESI Brady, Inc.	ESI California Holdings, Inc.	ESI Calistoga GP, Inc.	ESI Calistoga LP, Inc.	ESI Cannon Acquisitions LLC	ESI Cherokee County, L.P.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0	0	0	0	0
Total property, plant and equipment - net	0	0	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	0	0	0	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total current assets	0	0	0	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	5	0	0	0	0	0	35
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other assets	0	5	0	0	0	0	0	35
TOTAL ASSETS	$0	$5	$0	$0	$0	$0	$0	$35
CAPITALIZATION
Common shareholders' equity	$0	$4	$0	$0	$0	$0	$0	$35
Long-term debt	0	0	0	0	0	0	0	0
Total capitalization	0	4	0	0	0	0	0	35
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total current liabilities	0	0	0	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	1	0	0	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other liab. & def. credits	0	1	0	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$5	$0	$0	$0	$0	$0	$35
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	ESI Bay Area GP, Inc.	ESI Bay Area, Inc.	ESI Brady, Inc.	ESI California Holdings, Inc.	ESI Calistoga GP, Inc.	ESI Calistoga LP, Inc.	ESI Cannon Acquisitions LLC	ESI Cherokee County, L.P.
OPERATING REVENUES	$0	$0	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0	0	0
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	3	0	1	0	0	0	8
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	3	0	1	0	0	0	8
INCOME BEFORE INCOME TAXES	0	3	0	1	0	0	0	8
INCOME TAXES	0	2	0	(1)	0	0	0	0
NET INCOME (LOSS)	0	1	0	2	0	0	0	8
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	(4)	0	0	0	9	0	30
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	($3)	$0	$2	$0	$9	$0	$38

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								11
	ESI Cherokee GP, Inc.	ESI Cherokee Holdings, Inc.	ESI Cherokee LP, Inc.	ESI Cherokee MGP, Inc.	ESI Double "C", Inc.	ESI Ebensburg, Inc.	ESI Geothermal Inc.		ESI Kern Front, Inc.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0	$0	$0	$0		$0
Nuclear fuel	0	0	0	0	0	0	0		0
Construction work in progress	0	0	0	0	0	0	0		0
Less accumulated depreciation & amortization	0	0	0	0	0	0	0		0
Total property, plant and equipment - net	0	0	0	0	0	0	0		0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0		0
Customer receivables - net	0	0	0	0	0	0	0		0
Other receivables	0	0	0	0	0	0	0		0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0		0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0		0
Storm reserve deficiency	0	0	0	0	0	0	0		0
Derivatives	0	0	0	0	0	0	0		0
Derivative assets	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Total current assets	0	0	0	0	0	0	0		0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0		0
Other investments	0	5	0	0	0	0	0		0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0		0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0		0
Litigation settlement	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Other	0	0	0	1	0	0	0		0
Total other assets	0	5	0	1	0	0	0		0
TOTAL ASSETS	$0	$5	$0	$1	$0	$0	$0		$0
CAPITALIZATION
Common shareholders' equity	$0	$5	$0	($11)	$0	($12)	$0		$0
Long-term debt	0	0	0	0	0	3	0		0
Total capitalization	0	5	0	(11)	0	(9)	0		0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0		0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0		0
Accounts payable	0	0	0	0	0	0	0		0
Customers' deposits	0	0	0	0	0	0	0		0
Accrued interest and taxes	0	0	0	0	0	0	0		0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0		0
Derivatives	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Total current liabilities	0	0	0	0	0	0	0		0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0		0
Accumulated deferred income taxes	0	0	0	12	0	9	0		0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0		0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0		0
Unamortized investment tax credits	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Total other liab. & def. credits	0	0	0	12	0	9	0		0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$5	$0	$1	$0	$0	$0		$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	ESI Cherokee GP, Inc.	ESI Cherokee Holdings, Inc.	ESI Cherokee LP, Inc.	ESI Cherokee MGP, Inc.	ESI Double "C", Inc.	ESI Ebensburg, Inc.	ESI Geothermal Inc.		ESI Kern Front, Inc.
OPERATING REVENUES	$0	$0	$0	$0	$0	$0	$0		$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0		0
Other operations and maintenance	0	0	0	0	0	0	0		0
Restructuring charges	0	0	0	0	0	0	0		0
Depreciation & amortization	0	0	0	0	0	0	0		0
Taxes other than income taxes	0	0	0	0	0	0	0		0
Total operating expenses	0	0	0	0	0	0	0		0
OPERATING INCOME	0	0	0	0	0	0	0		0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0		0
Preferred stock dividends - FPL	0	0	0	0	0	0	0		0
Equity in earnings of equity method investees	0	0	0	0	1	3	0		0
Allowance for equity funds used during construction	0	0	0	0	0	0	0		0
Other - net	0	1	0	0	0	0	0		0
Total other deductions - net	0	1	0	0	1	3	0		0
INCOME BEFORE INCOME TAXES	0	1	0	0	1	3	0		0
INCOME TAXES	0	0	0	3	1	1	0		0
NET INCOME (LOSS)	0	1	0	(3)	0	2	0		0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	(15)	1	3	0		2
DEDUCT:
Dividends	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$1	$0	($18)	$1	$5	$0		$2

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								12
	ESI Lake Benton Holdings, Inc.	ESI LP, LLC (Brady)	ESI LP, LLC (Sky River)	ESI LP, LLC (Victory)	ESI Montgomery County GP, Inc.	ESI Montgomery County LP, Inc.	ESI Montgomery County, LLC	ESI Multitrade LP, Inc.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0	0	0	0	0
Total property, plant and equipment - net	0	0	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	0	0	0	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total current assets	0	0	0	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	3	(11)	0	0	(8)	2
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	1
Total other assets	0	0	3	(11)	0	0	(8)	3
TOTAL ASSETS	$0	$0	$3	($11)	$0	$0	($8)	$3
CAPITALIZATION
Common shareholders' equity	$0	$0	$3	($11)	($23)	($15)	($8)	$3
Long-term debt	0	0	0	0	11	0	0	0
Total capitalization	0	0	3	(11)	(12)	(15)	(8)	3
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total current liabilities	0	0	0	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	12	15	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	12	15	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$3	($11)	$0	$0	($8)	$3
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	ESI Lake Benton Holdings, Inc.	ESI LP, LLC (Brady)	ESI LP, LLC (Sky River)	ESI LP, LLC (Victory)	ESI Montgomery County GP, Inc.	ESI Montgomery County LP, Inc.	ESI Montgomery County, LLC	ESI Multitrade LP, Inc.
OPERATING REVENUES	$0	$0	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0	0	0
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	(1)	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	4	1	0	0	3	6
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	0	4	1	(1)	0	3	6
INCOME BEFORE INCOME TAXES	0	0	4	1	(1)	0	3	6
INCOME TAXES	0	0	0	0	1	0	0	3
NET INCOME (LOSS)	0	0	4	1	(2)	0	3	3
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	(14)	(13)	0	12
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$4	$1	($16)	($13)	$3	$15

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								13
	ESI Northeast Energy Acquisition Funding, Inc.	ESI Northeast Energy Funding, Inc.	ESI Northeast Energy GP, Inc.	ESI Northeast Energy LP, Inc.	ESI Northeast Fuel Management, Inc.	ESI Ormesa Debt Holdings LLC	ESI Ormesa Holdings I LLC		ESI Ormesa Holdings, Inc.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0	$0	$0	$0		$0
Nuclear fuel	0	0	0	0	0	0	0		0
Construction work in progress	0	0	0	0	0	0	0		0
Less accumulated depreciation & amortization	0	0	0	0	0	0	0		0
Total property, plant and equipment - net	0	0	0	0	0	0	0		0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0		0
Customer receivables - net	0	0	0	0	0	0	0		0
Other receivables	0	0	0	0	0	0	0		0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0		0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0		0
Storm reserve deficiency	0	0	0	0	0	0	0		0
Derivatives	0	0	0	0	0	0	0		0
Derivative assets	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Total current assets	0	0	0	0	0	0	0		0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0		0
Other investments	0	0	3	115	0	0	0		0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0		0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0		0
Litigation settlement	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Total other assets	0	0	3	115	0	0	0		0
TOTAL ASSETS	$0	$0	$3	$115	$0	$0	$0		$0
CAPITALIZATION
Common shareholders' equity	$0	$0	$2	$48	$0	$0	$0		$0
Long-term debt	0	0	0	0	0	0	0		0
Total capitalization	0	0	2	48	0	0	0		0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0		0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0		0
Accounts payable	0	0	0	0	0	0	0		0
Customers' deposits	0	0	0	0	0	0	0		0
Accrued interest and taxes	0	0	0	0	0	0	0		0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0		0
Derivatives	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Total current liabilities	0	0	0	0	0	0	0		0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0		0
Accumulated deferred income taxes	0	0	1	67	0	0	0		0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0		0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0		0
Unamortized investment tax credits	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
Total other liab. & def. credits	0	0	1	67	0	0	0		0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$3	$115	$0	$0	$0		$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	ESI Northeast Energy Acquisition Funding, Inc.	ESI Northeast Energy Funding, Inc.	ESI Northeast Energy GP, Inc.	ESI  Northeast Energy LP, Inc.	ESI Northeast Fuel Management, Inc.	ESI Ormesa Debt Holdings LLC	ESI Ormesa Holdings I LLC		ESI Ormesa Holdings, Inc.
OPERATING REVENUES	$0	$0	$1	$0	$1	$0	$0		$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0		0
Other operations and maintenance	0	0	1	0	0	0	0		0
Restructuring charges	0	0	0	0	0	0	0		0
Depreciation & amortization	0	0	0	0	0	0	0		0
Taxes other than income taxes	0	0	0	0	0	0	0		0
Total operating expenses	0	0	1	0	0	0	0		0
OPERATING INCOME	0	0	0	0	1	0	0		0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0		0
Preferred stock dividends - FPL	0	0	0	0	0	0	0		0
Equity in earnings of equity method investees	0	0	2	95	0	0	0		0
Allowance for equity funds used during construction	0	0	0	0	0	0	0		0
Other - net	0	0	0	0	0	0	0		0
Total other deductions - net	0	0	2	95	0	0	0		0
INCOME BEFORE INCOME TAXES	0	0	2	95	1	0	0		0
INCOME TAXES	0	0	1	37	0	0	0		0
NET INCOME (LOSS)	0	0	1	58	1	0	0		0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	(2)	66	3	0	0		0
DEDUCT:
Dividends	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	($1)	$124	$4	$0	$0		$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								14
	ESI Ormesa IH Equity LLC	ESI Pittsylvania, Inc.	ESI Sierra, Inc.	ESI Silverado Holdings, LLC	ESI Sky River, Inc.	ESI Tehachapi Acquisitions, Inc.	ESI Victory, Inc.	FPL Energy Bastrop GP, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0	0	0	0	0
Total property, plant and equipment - net	0	0	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	0	0	0	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total current assets	0	0	0	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	10	13	2	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	1	0	0	0	0	0
Other	0	0	0	0	0	1	1	0
Total other assets	0	0	1	0	10	14	3	0
TOTAL ASSETS	$0	$0	$1	$0	$10	$14	$3	$0
CAPITALIZATION
Common shareholders' equity	$0	$0	$1	$0	$6	$4	$3	$0
Long-term debt	0	0	0	0	0	0	0	0
Total capitalization	0	0	1	0	6	4	3	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total current liabilities	0	0	0	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	4	10	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	4	10	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$1	$0	$10	$14	$3	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	ESI Ormesa IH Equity LLC	ESI Pittsylvania, Inc.	ESI Sierra, Inc.	ESI Silverado Holdings, LLC	ESI Sky River, Inc.	ESI Tehachapi Acquisitions, Inc.	ESI Victory, Inc.	FPL Energy Bastrop GP, LLC
OPERATING REVENUES	$0	$0	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0	0	0
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	2	0	0	0	1	0	1
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	2	0	0	0	1	0	1
INCOME BEFORE INCOME TAXES	0	2	0	0	0	1	0	1
INCOME TAXES	0	1	0	0	3	(1)	1	(21)
NET INCOME (LOSS)	0	1	0	0	(3)	2	(1)	22
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	4	3	0	34	8	10	2
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$5	$3	$0	$31	$10	$9	$24

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								15
	FPL Energy Bastrop LP, LLC	FPL Energy Cabazon Wind, LLC	FPL Energy California Wind, LLC	FPL Energy Construction Funding Holdings LLC	FPL Energy Construction Funding LLC	FPL Energy Doswell Holdings, Inc.	FPL Energy East Mesa LLC	FPL Energy Geo East Mesa Partners, Inc.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$29	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	0	(2)	0	0	0	0	0	0
Total property, plant and equipment - net	0	27	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	34	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	0	0	0	0	12	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	0	2	0	0	0	0	0	0
Total current assets	0	2	0	0	46	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	802	8	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	8	0	0	10	0	0	0
Total other assets	0	8	0	0	812	8	0	0
TOTAL ASSETS	$0	$37	$0	$0	$858	$8	$0	$0
CAPITALIZATION
Common shareholders' equity	$0	$27	$0	$0	$475	$8	$0	$0
Long-term debt	0	0	0	0	330	0	0	0
Total capitalization	0	27	0	0	805	8	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	19	0	0	0
Accounts payable	0	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	0	0	0	0	34	0	0	0
Total current liabilities	0	0	0	0	53	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	7	0	0	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	3	0	0	0	0	0	0
Total other liab. & def. credits	0	10	0	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$37	$0	$0	$858	$8	$0	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	FPL Energy Bastrop LP, LLC	FPL Energy Cabazon Wind, LLC	FPL Energy California Wind, LLC	FPL Energy Construction Funding Holdings LLC	FPL Energy Construction Funding LLC	FPL Energy Doswell Holdings, Inc.	FPL Energy East Mesa LLC	FPL Energy Geo East Mesa Partners, Inc.
OPERATING REVENUES	$0	$5	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	3	0	0	0	0	0	0
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	0	1	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	4	0	0	0	0	0	0
OPERATING INCOME	0	1	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	(15)	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	(50)	0	0	(43)	(43)	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	15	0	0	0
Total other deductions - net	(50)	0	0	(43)	(43)	0	0	0
INCOME BEFORE INCOME TAXES	(50)	1	0	(43)	(43)	0	0	0
INCOME TAXES	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	(50)	1	0	(43)	(43)	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(9)	0	0	0	0	0	(1)	(3)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($59)	$1	$0	($43)	($43)	$0	($1)	($3)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								16
	FPL Energy Green Power Wind, LLC	FPL Energy Illinois Wind, LLC	FPL Energy Island End GP, LLC	FPL Energy Mojave Operating Services, LLC	FPL Energy Morwind, LLC	FPL Energy North Dakota Wind, LLC	FPL Energy Pacific Crest Partner, LLC	FPL Energy Seabrook, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$11	$0	$0	$0	$0	$64	$0	$696
Nuclear fuel	0	0	0	0	0	0	0	134
Construction work in progress	0	0	0	0	0	0	0	74
Less accumulated depreciation & amortization	(1)	0	0	0	0	(3)	0	(90)
Total property, plant and equipment - net	10	0	0	0	0	61	0	814
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	1	0	0	0	0	1	0	(6)
Other receivables	0	0	0	0	0	0	0	71
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0	40
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	20
Total current assets	1	0	0	0	0	1	0	125
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	299
Other investments	0	0	0	0	8	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	3	0	0	0	0	0	0	22
Total other assets	3	0	0	0	8	0	0	321
TOTAL ASSETS	$14	$0	$0	$0	$8	$62	$0	$1,260
CAPITALIZATION
Common shareholders' equity	$8	$0	$0	$0	$6	$61	($6)	$915
Long-term debt	3	0	0	0	0	0	0	0
Total capitalization	11	0	0	0	6	61	(6)	915
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	1	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	1	0	0	0	0	0	0	72
Total current liabilities	1	0	0	0	0	1	0	72
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	175
Accumulated deferred income taxes	2	0	0	0	2	0	6	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	98
Total other liab. & def. credits	2	0	0	0	2	0	6	273
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$14	$0	$0	$0	$8	$62	$0	$1,260
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	FPL Energy Green Power Wind, LLC	FPL Energy Illinois Wind, LLC	FPL Energy Island End GP, LC	FPL Energy Mojave Operating Services, LLC	FPL Energy Morwind, LLC	FPL Energy North Dakota Wind, LLC	FPL Energy Pacific Crest Partner, LLC	FPL Energy Seabrook, LLC
OPERATING REVENUES	$2	$0	$0	$1	$0	$5	$0	$360
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	55
Other operations and maintenance	1	0	0	1	0	1	0	124
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	1	0	0	0	0	3	0	29
Taxes other than income taxes	0	0	0	0	0	0	0	13
Total operating expenses	2	0	0	1	0	4	0	221
OPERATING INCOME	0	0	0	0	0	1	0	139
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	1	0	1	0
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	0	0	0	9
Total other deductions - net	0	0	0	0	1	0	1	9
INCOME BEFORE INCOME TAXES	0	0	0	0	1	1	1	148
INCOME TAXES	0	0	0	0	0	0	(1)	0
NET INCOME (LOSS)	0	0	0	0	1	1	2	148
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	1	5	0	7	120
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$1	$6	$1	$9	$268

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								17
	FPL Energy Solar Funding Corp.	FPL Energy Sooner Wind, LLC	FPL Energy South Dakota Wind, LLC	FPL Energy Vansycle L.L.C.	FPL Energy Virginia Funding Corporation	FPL Energy Virginia Holdings, Inc.	FPL Energy WPP 93 LP, LLC	FPL Energy Wyoming, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$46	$41	$290	$0	$0	$0	$150
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	0	(2)	(2)	(42)	0	0	0	(6)
Total property, plant and equipment - net	0	44	39	248	0	0	0	144
CURRENT ASSETS
Cash and cash equivalents	0	0	0	6	0	0	0	0
Customer receivables - net	0	0	0	1	0	0	0	0
Other receivables	0	0	0	0	41	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	1	0	0	0	0
Other	0	0	0	1	0	0	0	1
Total current assets	0	0	0	9	41	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	269	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	4	2	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	3
Total other assets	0	0	0	4	271	0	0	3
TOTAL ASSETS	$0	$44	$39	$261	$312	$0	$0	$148
CAPITALIZATION
Common shareholders' equity	$0	$44	$39	$130	$0	$0	$0	$147
Long-term debt	0	0	0	113	269	0	0	0
Total capitalization	0	44	39	243	269	0	0	147
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	9	41	0	0	0
Accounts payable	0	0	0	0	0	0	0	1
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	3	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	0	0	0	4	2	0	0	0
Total current liabilities	0	0	0	16	43	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	2	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other liab. & def. credits	0	0	0	2	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$44	$39	$261	$312	$0	$0	$148
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	FPL Energy Solar Funding Corp.	FPL Energy Sooner Wind, LLC	FPL Energy South Dakota Wind, LLC	FPL Energy Vansycle L.L.C.	FPL Energy Virginia Funding Corporation	FPL Energy Virginia Holdings, Inc.	FPL Energy WPP 93 LP, LLC	FPL Energy Wyoming, LLC
OPERATING REVENUES	$0	$5	$3	$17	$0	$0	$0	$11
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	1	1	5	0	0	0	3
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	0	2	2	15	0	0	0	6
Taxes other than income taxes	0	0	0	3	0	0	0	1
Total operating expenses	0	3	3	23	0	0	0	10
OPERATING INCOME	0	2	0	(6)	0	0	0	1
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	(7)	(26)	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	2	0
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	(1)	26	0	0	0
Total other deductions - net	0	0	0	(8)	0	0	2	0
INCOME BEFORE INCOME TAXES	0	2	0	(14)	0	0	2	1
INCOME TAXES	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	0	2	0	(14)	0	0	2	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	(10)	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$2	$0	($24)	$0	$0	$2	$1

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								18
	Harper Lake Acquisitions, Inc.	Harper Lake Holdings, Inc.	Harper Lake Management, Inc.	High Desert Land Acquisition LLC	MES Financial Corp.	Midway Power, LLC	Northern Cross Investments, Inc.	Ridgetop Power Corporation
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$4	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0	0	0	0	0
Total property, plant and equipment - net	0	0	0	4	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	0	0	0	0	0	0	4	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total current assets	0	0	0	0	0	0	4	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	0	0	29	11
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other assets	0	0	0	0	0	0	29	11
TOTAL ASSETS	$0	$0	$0	$4	$0	$0	$33	$11
CAPITALIZATION
Common shareholders' equity	$0	$0	$0	$4	$0	$0	$33	$8
Long-term debt	0	0	0	0	0	0	0	0
Total capitalization	0	0	0	4	0	0	33	8
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total current liabilities	0	0	0	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	0	0	3
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0	0	0	3
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$4	$0	$0	$33	$11
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Harper Lake Acquisitions, Inc.	Harper Lake Holdings, Inc.	Harper Lake Management, Inc.	High Desert Land Acquisition LLC	MES Financial Corp.	Midway Power, LLC	Northern Cross Investments, Inc.	Ridgetop Power Corporation
OPERATING REVENUES	$0	$0	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0	0	0
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	0	1
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	0	0	3	0
Total other deductions - net	0	0	0	0	0	0	3	1
INCOME BEFORE INCOME TAXES	0	0	0	0	0	0	3	1
INCOME TAXES	0	0	0	0	0	0	1	0
NET INCOME (LOSS)	0	0	0	0	0	0	2	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	17	0	21	2
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0	$17	$0	$23	$3

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								19
	Sullivan Street Investments, Inc.	Tower Associates, LLC	UFG Holdings, Inc.	Uinta County Wind Farm L.L.C.	American Wind Consolidated	Backbone Consolidated	Blythe Consolidated	Calhoun I Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0	$553	$72	$470	$233
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	1	0
Less accumulated depreciation & amortization	0	0	0	0	(81)	(8)	(16)	(14)
Total property, plant and equipment - net	0	0	0	0	472	64	455	219
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	21	0	3	2
Customer receivables - net	0	0	0	0	5	1	0	0
Other receivables	0	0	0	0	222	0	14	33
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	1	0	3	2
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	0	0	0	0	27	0	2	3
Total current assets	0	0	0	0	276	1	22	40
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	1	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	10	0	0	4
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	6	0	0
Total other assets	0	0	0	0	11	6	0	4
TOTAL ASSETS	$0	$0	$0	$0	$759	$71	$477	$263
CAPITALIZATION
Common shareholders' equity	$0	$0	$0	$0	$154	$52	$94	$155
Long-term debt	0	0	0	0	447	0	263	99
Total capitalization	0	0	0	0	601	52	357	254
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	31	0	0	0
Accounts payable	0	0	0	0	1	0	4	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	18	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	0	0	0	0	2	0	64	6
Total current liabilities	0	0	0	0	52	0	68	6
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	3	0	0	0
Accumulated deferred income taxes	0	0	0	0	86	18	43	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	17	1	9	3
Total other liab. & def. credits	0	0	0	0	106	19	52	3
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$0	$759	$71	$477	$263
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Sullivan Street Investments, Inc.	Tower Associates, LLC	UFG Holdings, Inc.	Uinta County Wind Farm L.L.C.	American Wind Consolidated	Backbone Consolidated	Blythe Consolidated	Calhoun I Consolidated
OPERATING REVENUES	$0	$0	$0	$0	$47	$7	$70	$36
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	54	0
Other operations and maintenance	0	0	0	0	10	2	16	6
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	25	3	16	9
Taxes other than income taxes	0	0	0	0	2	0	4	2
Total operating expenses	0	0	0	0	37	5	90	17
OPERATING INCOME	0	0	0	0	10	2	(20)	19
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	(34)	0	(26)	(1)
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	15	0	0	1
Total other deductions - net	0	0	0	0	(19)	0	(26)	0
INCOME BEFORE INCOME TAXES	0	0	0	0	(9)	2	(46)	19
INCOME TAXES	0	0	0	0	(28)	(2)	(18)	5
NET INCOME (LOSS)	0	0	0	0	19	4	(28)	14
RET. EARNINGS (DEF.) AT BEG. OF YEAR	50	0	(7)	0	31	3	(9)	3
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$50	$0	($7)	$0	$50	$7	($37)	$17

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								20
	Callahan Consolidated	Delaware Mountain Consolidated	Doswell Consolidated	Forney Consolidated	Gray County Wind Consolidated	Indian Mesa Consolidated	LSP VIII LP Consolidated	LSP IX LP Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$21	$470	$818	$103	$82	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	68	0	2	2	0	0	0	0
Less accumulated depreciation & amortization	0	(3)	(156)	(41)	(17)	(10)	0	0
Total property, plant and equipment - net	68	18	316	779	86	72	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	6	9	0	0	0	0
Customer receivables - net	0	1	28	0	1	1	0	0
Other receivables	0	0	3	70	0	0	0	1
Materials, supplies & fossil fuel inventory - at average cost	0	0	3	1	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	2	0	0	1	0	0	1	0
Total current assets	2	1	40	81	1	1	1	1
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	0	0	4	8
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	4	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	5	(1)	1	2	0	0
Total other assets	0	0	9	(1)	1	2	4	8
TOTAL ASSETS	$70	$19	$365	$859	$88	$75	$5	$9
CAPITALIZATION
Common shareholders' equity	$29	$14	$4	$777	$60	$50	($15)	($17)
Long-term debt	0	0	268	0	0	0	0	0
Total capitalization	29	14	272	777	60	50	(15)	(17)
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	15	0	9	4	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	8	0	1	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	22	0	44	34	1	0	2	1
Total current liabilities	37	0	53	46	1	1	2	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	1	1	0	0
Accumulated deferred income taxes	0	4	30	14	26	19	18	25
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	4	1	10	22	0	4	0	0
Total other liab. & def. credits	4	5	40	36	27	24	18	25
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$70	$19	$365	$859	$88	$75	$5	$9
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Callahan Consolidated	Delaware Mountain Consolidated	Doswell Consolidated	Forney Consolidated	Gray County Wind Consolidated	Indian Mesa Consolidated	LSP VIII LP Consolidated	LSP IX LP Consolidated
OPERATING REVENUES	($4)	$2	$194	$358	$9	$6	$1	$1
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	95	287	0	0	0	0
Other operations and maintenance	0	1	13	37	2	2	0	0
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	0	1	14	27	5	4	0	0
Taxes other than income taxes	0	1	2	9	0	1	0	0
Total operating expenses	0	3	124	360	7	7	0	0
OPERATING INCOME	(4)	(1)	70	(2)	2	(1)	1	1
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	(26)	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	4	5
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	0	(26)	0	0	0	4	5
INCOME BEFORE INCOME TAXES	(4)	(1)	44	(2)	2	(1)	5	6
INCOME TAXES	(2)	(2)	17	(1)	(5)	(4)	2	2
NET INCOME (LOSS)	(2)	1	27	(1)	7	3	3	4
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	154	(1)	15	2	16	14
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($2)	$1	$181	($2)	$22	$5	$19	$18

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								21
	MH50 Consolidated	MH700 Consolidated	Mojave Consolidated	NE LP Consolidated	New Mexico Consolidated	Oklahoma Wind Consolidated	Ormesa Consolidated	Operating Services Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$17	$657	$0	$52	$192	$55	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	(5)	0	0	(1)	(11)	(3)	0	0
Total property, plant and equipment - net	12	657	0	51	181	52	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	1
Customer receivables - net	0	0	0	0	3	0	0	0
Other receivables	1	3	0	0	0	0	0	7
Materials, supplies & fossil fuel inventory - at average cost	0	1	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	0	1	0	2	1	1	0	0
Total current assets	1	5	0	2	4	1	0	8
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	7	0	0	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	11	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other assets	0	11	7	0	0	0	0	0
TOTAL ASSETS	$13	$673	$7	$53	$185	$53	$0	$8
CAPITALIZATION
Common shareholders' equity	$3	$345	$7	$46	($82)	$37	$0	$6
Long-term debt	8	232	0	0	0	0	0	0
Total capitalization	11	577	7	46	(82)	37	0	6
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	0	1	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	1	73	0	3	221	0	0	2
Total current liabilities	1	74	0	3	221	0	0	2
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	1	0	0	0
Accumulated deferred income taxes	0	20	0	4	45	16	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	1	2	0	0	0	0	0	0
Total other liab. & def. credits	1	22	0	4	46	16	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$13	$673	$7	$53	$185	$53	$0	$8
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	MH50 Consolidated	MH700 Consolidated	Mojave Consolidated	NE LP Consolidated	New Mexico Consolidated	Oklahoma Wind Consolidated	Ormesa Consolidated	Operating Services Consolidated
OPERATING REVENUES	$3	$0	$1	$5	$16	$4	$0	$11
OPERATING EXPENSES
Fuel, purchased power & interchange	2	1	0	0	0	0	0	0
Other operations and maintenance	0	0	0	1	3	1	0	3
Restructuring charges	0	78	0	0	0	0	0	0
Depreciation & amortization	1	1	0	0	8	2	0	0
Taxes other than income taxes	0	0	0	0	1	0	0	(3)
Total operating expenses	3	80	0	1	12	3	0	0
OPERATING INCOME	0	(80)	1	4	4	1	0	11
OTHER INCOME (DEDUCTIONS):
Interest charges	(1)	(3)	3	0	(15)	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	2	0	0	0	(1)
Total other deductions - net	(1)	(3)	3	2	(15)	0	0	(1)
INCOME BEFORE INCOME TAXES	(1)	(83)	4	6	(11)	1	0	10
INCOME TAXES	0	(33)	0	1	(17)	0	0	4
NET INCOME (LOSS)	(1)	(50)	4	5	6	1	0	6
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(3)	(3)	22	0	1	0	0	21
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($4)	($53)	$26	$5	$7	$1	$0	$27

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								22
	Paris Consolidated	Pecos Wind Consolidated	Pennsylvania Wind Consolidated	Posdef Consolidated	Rhode Island Consolidated	Rockaway Consolidated	Sky River Consolidated	Upton Wind Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$462	$149	$61	$103	$364	$124	$76	$287
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	2	5	0	0	0
Less accumulated depreciation & amortization	(65)	(26)	(4)	(93)	(26)	(9)	(44)	(46)
Total property, plant and equipment - net	397	123	57	12	343	115	32	241
CURRENT ASSETS
Cash and cash equivalents	0	0	0	3	4	0	0	0
Customer receivables - net	1	1	1	2	0	4	2	1
Other receivables	19	0	0	3	13	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	2	0	0	2	1	1	0	1
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	0	1	2	0	5	0	0	2
Total current assets	22	2	3	10	23	5	2	4
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	1	(1)	0	0	0	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	5	3	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	2	0	4	0	0	0	11	6
Total other assets	3	(1)	4	0	5	3	11	6
TOTAL ASSETS	$422	$124	$64	$22	$371	$123	$45	$251
CAPITALIZATION
Common shareholders' equity	$353	$82	$40	$6	($29)	($8)	$44	$167
Long-term debt	0	0	0	0	333	107	0	0
Total capitalization	353	82	40	6	304	99	44	167
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	13	4	0	0
Accounts payable	5	1	0	0	1	0	0	3
Customers' deposits	0	0	6	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	1
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	34	1	1	3	21	2	1	1
Total current liabilities	39	2	7	3	35	6	1	5
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	1	0	0	0	0	0	1
Accumulated deferred income taxes	20	39	15	0	8	18	0	78
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	10	0	2	13	24	0	0	0
Total other liab. & def. credits	30	40	17	13	32	18	0	79
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$422	$124	$64	$22	$371	$123	$45	$251
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Paris Consolidated	Pecos Wind Consolidated	Pennsylvania Wind Consolidated	Posdef Consolidated	Rhode Island Consolidated	Rockaway Consolidated	Sky River Consolidated	Upton Wind Consolidated
OPERATING REVENUES	$202	$11	$9	$27	$77	$26	$14	$17
OPERATING EXPENSES
Fuel, purchased power & interchange	159	0	0	9	48	0	0	0
Other operations and maintenance	22	5	6	9	15	5	3	7
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	15	8	0	1	12	5	3	15
Taxes other than income taxes	4	2	0	0	1	0	1	3
Total operating expenses	200	15	6	19	76	10	7	25
OPERATING INCOME	2	(4)	3	8	1	16	7	(8)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	(14)	(8)	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	2	(1)	0	0	0
Total other deductions - net	0	0	0	2	(15)	(8)	0	0
INCOME BEFORE INCOME TAXES	2	(4)	3	10	(14)	8	7	(8)
INCOME TAXES	1	(8)	(2)	4	(5)	3	0	(13)
NET INCOME (LOSS)	1	4	5	6	(9)	5	7	5
RET. EARNINGS (DEF.) AT BEG. OF YEAR	72	3	2	13	(3)	7	3	2
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$73	$7	$7	$19	($12)	$12	$10	$7

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)				23
	Vansycle Consolidated	Victory Gardens Consolidated	Waymart Consolidated	WPP94 Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$28	$16	$74	$7
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depreciation & amortization	(9)	(10)	(5)	0
Total property, plant and equipment - net	19	6	69	7
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	1	1	0
Other receivables	0	0	0	1
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0
Storm reserve deficiency	0	0	0	0
Derivatives	0	0	0	0
Derivative assets	0	0	0	0
Other	1	0	0	1
Total current assets	1	1	1	2
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0
Litigation settlement	0	0	0	0
Other	0	0	0	0
Other	0	2	6	3
Total other assets	0	2	6	3
TOTAL ASSETS	$20	$9	$76	$12
CAPITALIZATION
Common shareholders' equity	$12	$9	$54	$1
Long-term debt	0	0	0	9
Total capitalization	12	9	54	10
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0
Derivatives	0	0	0	0
Other	0	0	1	1
Total current liabilities	0	0	1	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	8	0	21	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Other	0	0	0	0
Other	0	0	0	1
Total other liab. & def. credits	8	0	21	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$20	$9	$76	$12
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Vansycle Consolidated	Victory Gardens Consolidated	Waymart Consolidated	WPP94 Consolidated
OPERATING REVENUES	$4	$3	$8	$1
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	1	1	1	1
Restructuring charges	0	0	0	0
Depreciation & amortization	2	0	4	0
Taxes other than income taxes	0	0	1	0
Total operating expenses	3	1	6	1
OPERATING INCOME	1	2	2	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0
Other - net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	1	2	2	0
INCOME TAXES	(1)	0	(2)	0
NET INCOME (LOSS)	2	2	4	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	10	1	1	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$12	$3	$5	$0

FPL ENERGY AMERICAN WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								24
ASSETS	American Wind Consolidated	Elims	FPL Energy Wind Funding Holdings, LLC	FPL Energy Wind Funding, LLC	FPL Energy Wind Financing, LLC	FPL Energy American Wind Holdings, LLC	FPL Energy American Wind, LLC	Hawkeye Power Partners, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$553	$0	$0	$0	$0	$0	$0	$43
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	(81)	0	0	0	0	0	0	(9)
Total property, plant and equipment - net	472	0	0	0	0	0	0	34
CURRENT ASSETS
Cash and cash equivalents	21	0	0	0	0	0	21	0
Customer receivables - net	5	0	0	0	0	0	0	0
Other receivables	222	(4)	0	34	0	0	191	0
Materials, supplies & fossil fuel inventory - at average cost	1	0	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	27	0	0	0	0	0	24	0
Total current assets	276	(4)	0	34	0	0	236	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	1	(1,679)	241	327	327	327	457	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	10	0	0	3	0	0	7	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other assets	11	(1,679)	241	330	327	327	464	0
TOTAL ASSETS	$759	($1,683)	$241	$364	$327	$327	$700	$34
CAPITALIZATION
Common shareholders' equity	$154	($1,604)	$241	$241	$327	$306	$299	$32
Long-term debt	447	(26)	0	109	0	0	338	0
Total capitalization	601	(1,630)	241	350	327	306	637	32
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	31	0	0	9	0	0	22	0
Accounts payable	1	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	18	0	0	5	0	0	13	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	2	(4)	0	0	0	0	0	0
Total current liabilities	52	(4)	0	14	0	0	35	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	3	0	0	0	0	0	0	0
Accumulated deferred income taxes	86	(49)	0	0	0	21	28	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	17	0	0	0	0	0	0	2
Total other liab. & def. credits	106	(49)	0	0	0	21	28	2
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$759	($1,683)	$241	$364	$327	$327	$700	$34
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	American Wind Consolidated	Elims	FPL Energy Wind Funding Holdings, LLC	FPL Energy Wind Funding, LLC	FPL Energy Wind Financing, LLC	FPL Energy American Wind Holdings, LLC	FPL Energy American Wind, LLC	Hawkeye Power Partners, LLC
OPERATING REVENUES	$47	$0	$0	$0	$0	$0	$0	$4
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	10	(1)	0	0	0	0	0	1
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	25	0	0	0	0	0	0	2
Taxes other than income taxes	2	0	0	0	0	0	0	0
Total operating expenses	37	(1)	0	0	0	0	0	3
OPERATING INCOME	10	1	0	0	0	0	0	1
OTHER INCOME (DEDUCTIONS):
Interest charges	(34)	3	0	(9)	0	0	(25)	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	29	(14)	(7)	(7)	(7)	6	0
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	15	(3)	0	2	0	0	16	0
Total other deductions - net	(19)	29	(14)	(14)	(7)	(7)	(3)	0
INCOME BEFORE INCOME TAXES	(9)	30	(14)	(14)	(7)	(7)	(3)	1
INCOME TAXES	(28)	0	(6)	0	0	(10)	0	0
NET INCOME (LOSS)	19	30	(8)	(14)	(7)	3	(3)	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	31	(10)	6	4	4	4	0	6
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$50	$20	($2)	($10)	($3)	$7	($3)	$7

FPL ENERGY AMERICAN WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)						25
ASSETS	Lake Benton Power Partners II, LLC	Badger Windpower, LLC	FPL Energy Hancock County Wind, LLC	High Winds, LLC	OTG, LLC (Amer Wind)	West Texas Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$121	$31	$99	$182	$0	$77
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depreciation & amortization	(27)	(6)	(8)	(10)	0	(21)
Total property, plant and equipment - net	94	25	91	172	0	56
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0
Customer receivables - net	1	1	1	1	0	1
Other receivables	0	0	0	1	0	0
Materials, supplies & fossil fuel inventory - at average cost	1	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0
Other	1	0	1	1	0	0
Total current assets	3	1	2	3	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	0	0	1	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other assets	0	0	0	1	0	0
TOTAL ASSETS	$97	$26	$93	$176	$0	$57
CAPITALIZATION
Common shareholders' equity	$81	$26	$91	$175	($86)	$25
Long-term debt	0	0	0	0	0	26
Total capitalization	81	26	91	175	(86)	51
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	1
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Other	1	0	1	0	0	4
Total current liabilities	1	0	1	0	0	5
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	0	1	0	0	1
Accumulated deferred income taxes	0	0	0	0	86	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	14	0	0	1	0	0
Total other liab. & def. credits	15	0	1	1	86	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$97	$26	$93	$176	$0	$57
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Lake Benton Power Partners II, LLC	Badger Windpower, LLC	FPL Energy Hancock County Wind, LLC	High Winds, LLC	OTG, LLC (Amer Wind)	West Texas Consolidated
OPERATING REVENUES	$10	$5	$6	$17	$0	$5
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	2	1	2	3	0	2
Restructuring charges	0	0	0	0	0	0
Depreciation & amortization	6	2	4	7	0	4
Taxes other than income taxes	0	0	0	1	0	1
Total operating expenses	8	3	6	11	0	7
OPERATING INCOME	2	2	0	6	0	(2)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	(3)
Preferred stock dividends - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0	0
Other - net	0	0	0	0	0	0
Total other deductions - net	0	0	0	0	0	(3)
INCOME BEFORE INCOME TAXES	2	2	0	6	0	(5)
INCOME TAXES	0	0	0	0	(12)	0
NET INCOME (LOSS)	2	2	0	6	12	(5)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(9)	5	1	1	29	(10)
DEDUCT:						0
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($7)	$7	$1	$7	$41	($15)

ESI WEST TEXAS ENERGY LP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					26
ASSETS	West Texas Consolidated	Elims	ESI West Texas Energy, Inc.	ESI West Texas Energy LP, LLC	West Texas Wind Energy Partners, L.P.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$77	$0	$0	$0	$77
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depreciation & amortization	(21)	0	0	0	(21)
Total property, plant and equipment - net	56	0	0	0	56
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	0	0	1
Other receivables	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0
Derivatives	0	0	0	0	0
Derivative assets	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	1	0	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(25)	0	25	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0
Litigation settlement	0	0	0	0	0
Other	0	0	0	0	0
Other	0	0	0	0	0
Total other assets	0	(25)	0	25	0
TOTAL ASSETS	$57	($25)	$0	$25	$57
CAPITALIZATION
Common shareholders' equity	$25	($25)	$0	$25	$25
Long-term debt	26	0	0	0	26
Total capitalization	51	(25)	0	25	51
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0
Accounts payable	1	0	0	0	1
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0
Derivatives	0	0	0	0	0
Other	4	0	0	0	4
Total current liabilities	5	0	0	0	5
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	0	0	0	1
Accumulated deferred income taxes	0	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Other	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	1	0	0	0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$57	($25)	$0	$25	$57
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	West Texas Consolidated	Elims	ESI West Texas Energy, Inc.	ESI West Texas Energy LP, LLC	West Texas Wind Energy Partners, L.P.
OPERATING REVENUES	$5	$0	$0	$0	$5
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	2	0	0	0	2
Restructuring charges	0	0	0	0	0
Depreciation & amortization	4	0	0	0	4
Taxes other than income taxes	1	0	0	0	1
Total operating expenses	7	0	0	0	7
OPERATING INCOME	(2)	0	0	0	(2)
OTHER INCOME (DEDUCTIONS):
Interest charges	(3)	0	0	0	(3)
Preferred stock dividends - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	5	0	(5)	0
Allowance for equity funds used during construction	0	0	0	0	0
Other - net	0	0	0	0	0
Total other deductions - net	(3)	5	0	(5)	(3)
INCOME BEFORE INCOME TAXES	(5)	5	0	(5)	(5)
INCOME TAXES	0	0	0	0	0
NET INCOME (LOSS)	(5)	5	0	(5)	(5)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(10)	0	(2)	4	(12)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($15)	$5	($2)	($1)	($17)

BACKBONE WINDPOWER HOLDINGS, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)				27
ASSETS	Backbone Consolidated	Elims	Backbone Windpower Holdings, LLC	Backbone Mountain Windpower LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$72	$0	$0	$72
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depreciation & amortization	(8)	0	0	(8)
Total property, plant and equipment - net	64	0	0	64
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	1	0	0	1
Other receivables	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0
Storm reserve deficiency	0	0	0	0
Derivatives	0	0	0	0
Derivative assets	0	0	0	0
Other	0	0	0	0
Total current assets	1	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(70)	70	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0
Litigation settlement	0	0	0	0
Other	0	0	0	0
Other	6	0	0	6
Total other assets	6	(70)	70	6
TOTAL ASSETS	$71	($70)	$70	$71
CAPITALIZATION
Common shareholders' equity	$52	($70)	$52	$70
Long-term debt	0	0	0	0
Total capitalization	52	(70)	52	70
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0
Derivatives	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	18	0	18	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Other	0	0	0	0
Other	1	0	0	1
Total other liab. & def. credits	19	0	18	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$71	($70)	$70	$71
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Backbone Consolidated	Elims	Backbone Windpower Holdings, LLC	Backbone Mountain Windpower LLC
OPERATING REVENUES	$7	$0	$0	$7
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	2	0	0	2
Restructuring charges	0	0	0	0
Depreciation & amortization	3	0	0	3
Taxes other than income taxes	0	0	0	0
Total operating expenses	5	0	0	5
OPERATING INCOME	2	0	0	2
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Equity in earnings of equity method investees	0	(2)	2	0
Allowance for equity funds used during construction	0	0	0	0
Other - net	0	0	0	0
Total other deductions - net	0	(2)	2	0
INCOME BEFORE INCOME TAXES	2	(2)	2	2
INCOME TAXES	(2)	0	(2)	0
NET INCOME (LOSS)	4	(2)	4	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3	(1)	3	1
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$7	($3)	$7	$3

BLYTHE ENERGY ACQUISITIONS, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					28
ASSETS	Blythe Consolidated	Elim	FPL Energy Blythe, LLC	Blythe Energy Acquisitions, LLC	Blythe Energy, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$470	$0	$0	$0	$470
Nuclear fuel	0	0	0	0	0
Construction work in progress	1	0	0	0	1
Less accumulated depreciation & amortization	(16)	0	0	0	(16)
Total property, plant and equipment - net	455	0	0	0	455
CURRENT ASSETS
Cash and cash equivalents	3	0	0	0	3
Customer receivables - net	0	0	0	0	0
Other receivables	14	0	0	0	14
Materials, supplies & fossil fuel inventory - at average cost	3	0	0	0	3
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0
Derivatives	0	0	0	0	0
Derivative assets	0	0	0	0	0
Other	2	0	0	0	2
Total current assets	22	0	0	0	22
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(274)	137	137	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0
Litigation settlement	0	0	0	0	0
Other	0	(4)	0	4	0
Other	0	0	0	0	0
Total other assets	0	(278)	137	141	0
TOTAL ASSETS	$477	($278)	$137	$141	$477
CAPITALIZATION
Common shareholders' equity	$94	($274)	$137	$94	$137
Long-term debt	263	0	0	0	263
Total capitalization	357	(274)	137	94	400
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0
Accounts payable	4	0	0	0	4
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0
Derivatives	0	0	0	0	0
Other	64	0	0	0	64
Total current liabilities	68	0	0	0	68
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	43	(4)	0	47	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Other	0	0	0	0	0
Other	9	0	0	0	9
Total other liab. & def. credits	52	(4)	0	47	9
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$477	($278)	$137	$141	$477
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Blythe Consolidated	Elim	FPL Energy Blythe, LLC	Blythe Energy Acquisitions, LLC	Blythe Energy, LLC
OPERATING REVENUES	$70	$0	$0	$0	$70
OPERATING EXPENSES
Fuel, purchased power & interchange	54	0	0	0	54
Other operations and maintenance	16	0	0	0	16
Restructuring charges	0	0	0	0	0
Depreciation & amortization	16	0	0	0	16
Taxes other than income taxes	4	0	0	0	4
Total operating expenses	90	0	0	0	90
OPERATING INCOME	(20)	0	0	0	(20)
OTHER INCOME (DEDUCTIONS):
Interest charges	(26)	0	0	0	(26)
Preferred stock dividends - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	91	(45)	(46)	0
Allowance for equity funds used during construction	0	0	0	0	0
Other - net	0	0	0	0	0
Total other deductions - net	(26)	91	(45)	(46)	(26)
INCOME BEFORE INCOME TAXES	(46)	91	(45)	(46)	(46)
INCOME TAXES	(18)	0	0	(18)	0
NET INCOME (LOSS)	(28)	91	(45)	(28)	(46)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(9)	26	(13)	(9)	(13)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($37)	$117	($58)	($37)	($59)

CALHOUN POWER COMPANY I, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)				29
ASSETS	Calhoun I Consolidated	Elim	Calhoun Power Company I, LLC	OTG, LLC (Calhoun I)
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$233	$0	$233	$0
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depreciation & amortization	(14)	0	(14)	0
Total property, plant and equipment - net	219	0	219	0
CURRENT ASSETS
Cash and cash equivalents	2	0	2	0
Customer receivables - net	0	0	0	0
Other receivables	33	0	33	0
Materials, supplies & fossil fuel inventory - at average cost	2	0	2	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0
Storm reserve deficiency	0	0	0	0
Derivatives	0	0	0	0
Derivative assets	0	0	0	0
Other	3	0	3	0
Total current assets	40	0	40	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0
Unamortized loss on reacquired debt	4	0	4	0
Litigation settlement	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other assets	4	0	4	0
TOTAL ASSETS	$263	$0	$263	$0
CAPITALIZATION
Common shareholders' equity	$155	$0	$155	$0
Long-term debt	99	0	99	0
Total capitalization	254	0	254	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0
Derivatives	0	0	0	0
Other	6	0	6	0
Total current liabilities	6	0	6	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Other	0	0	0	0
Other	3	0	3	0
Total other liab. & def. credits	3	0	3	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$263	$0	$263	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Calhoun I Consolidated	Elim	Calhoun Power Company I, LLC	OTG, LLC (Calhoun I)
OPERATING REVENUES	$36	$0	$36	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	6	0	6	0
Restructuring charges	0	0	0	0
Depreciation & amortization	9	0	9	0
Taxes other than income taxes	2	0	2	0
Total operating expenses	17	0	17	0
OPERATING INCOME	19	0	19	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(1)	5	(6)	0
Preferred stock dividends - FPL	0	0	0	0
Equity in earnings of equity method investees	0	(14)	0	14
Allowance for equity funds used during construction	0	0	0	0
Other - net	1	0	1	0
Total other deductions - net	0	(9)	(5)	14
INCOME BEFORE INCOME TAXES	19	(9)	14	14
INCOME TAXES	5	0	0	5
NET INCOME (LOSS)	14	(9)	14	9
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3	(5)	5	3
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$17	($14)	$19	$12

FPL ENERGY CALLAHAN WIND, LP CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					30
ASSETS	Callahan Consolidated	Elims	FPL Energy Callahan Wind GP, LLC	FPL Energy Callahan Wind LP, LLC	FPL Energy Callahan Wind, LP
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0
Construction work in progress	68	0	0	0	68
Less accumulated depreciation & amortization	0	0	0	0	0
Total property, plant and equipment - net	68	0	0	0	68
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0
Derivatives	0	0	0	0	0
Derivative assets	0	0	0	0	0
Other	2	0	1	1	0
Total current assets	2	0	1	1	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(27)	0	27	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0
Litigation settlement	0	0	0	0	0
Other	0	0	0	0	0
Other	0	0	0	0	0
Total other assets	0	(27)	0	27	0
TOTAL ASSETS	$70	($27)	$1	$28	$68
CAPITALIZATION
Common shareholders' equity	$29	($27)	$1	$28	$27
Long-term debt	0	0	0	0	0
Total capitalization	29	(27)	1	28	27
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0
Accounts payable	15	0	0	0	15
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0
Derivatives	0	0	0	0	0
Other	22	0	0	0	22
Total current liabilities	37	0	0	0	37
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Other	0	0	0	0	0
Other	4	0	0	0	4
Total other liab. & def. credits	4	0	0	0	4
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$70	($27)	$1	$28	$68
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Callahan Consolidated	Elims	FPL Energy Callahan Wind GP, LLC	FPL Energy Callahan Wind LP, LLC	FPL Energy Callahan Wind, LP
OPERATING REVENUES	($4)	$0	$0	$0	($4)
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring charges	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	(4)	0	0	0	(4)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	3	(20)	17	0
Allowance for equity funds used during construction	0	0	0	0	0
Other - net	0	0	0	0	0
Total other deductions - net	0	3	(20)	17	0
INCOME BEFORE INCOME TAXES	(4)	3	(20)	17	(4)
INCOME TAXES	(2)	0	(2)	0	0
NET INCOME (LOSS)	(2)	3	(18)	17	(4)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($2)	$3	($18)	$17	($4)

FPL ENERGY DELAWARE MOUNTAIN GP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					31
ASSETS	Delaware Mountain Consolidated	Elims	FPL Energy Delaware Mountain GP, LLC	FPL Energy Delaware Mountain LP, LLC	Delaware Mountain Wind Farm, LP
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$21	$0	$0	$0	$21
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depreciation & amortization	(3)	0	0	0	(3)
Total property, plant and equipment - net	18	0	0	0	18
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	0	0	1
Other receivables	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0
Derivatives	0	0	0	0	0
Derivative assets	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	1	0	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(17)	0	17	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0
Litigation settlement	0	0	0	0	0
Other	0	0	0	0	0
Other	0	0	0	0	0
Total other assets	0	(17)	0	17	0
TOTAL ASSETS	$19	($17)	$0	$17	$19
CAPITALIZATION
Common shareholders' equity	$14	($17)	($4)	$17	$18
Long-term debt	0	0	0	0	0
Total capitalization	14	(17)	(4)	17	18
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0
Derivatives	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	4	0	4	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Other	0	0	0	0	0
Other	1	0	0	0	1
Total other liab. & def. credits	5	0	4	0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$19	($17)	$0	$17	$19
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Delaware Mountain Consolidated	Elims	FPL Energy Delaware Mountain GP, LLC	FPL Energy Delaware Mountain LP, LLC	Delaware Mountain Wind Farm, LP
OPERATING REVENUES	$2	$0	$0	$0	$2
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	1	0	0	0	1
Restructuring charges	0	0	0	0	0
Depreciation & amortization	1	0	0	0	1
Taxes other than income taxes	1	0	0	0	1
Total operating expenses	3	0	0	0	3
OPERATING INCOME	(1)	0	0	0	(1)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	1	0	(1)	0
Allowance for equity funds used during construction	0	0	0	0	0
Other - net	0	0	0	0	0
Total other deductions - net	0	1	0	(1)	0
INCOME BEFORE INCOME TAXES	(1)	1	0	(1)	(1)
INCOME TAXES	(2)	0	(2)	0	0
NET INCOME (LOSS)	1	1	2	(1)	(1)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	2	2	(2)	(2)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	$3	$4	($3)	($3)

ESI DOSWELL GP, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)						32
ASSETS	Doswell Consolidated	Elims	Doswell Limited Partnership	ESI LP, LLC (Doswell)	ESI Doswell GP, LLC	Doswell I, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$470	$0	$470	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	2	0	2	0	0	0
Less accumulated depreciation & amortization	(156)	0	(156)	0	0	0
Total property, plant and equipment - net	316	0	316	0	0	0
CURRENT ASSETS
Cash and cash equivalents	6	0	6	0	0	0
Customer receivables - net	28	0	28	0	0	0
Other receivables	3	0	3	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	3	0	3	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total current assets	40	0	40	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	(49)	0	19	15	15
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0
Unamortized loss on reacquired debt	4	0	4	0	0	0
Litigation settlement	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	5	0	5	0	0	0
Total other assets	9	(49)	9	19	15	15
TOTAL ASSETS	$365	($49)	$365	$19	$15	$15
CAPITALIZATION
Common shareholders' equity	$4	($49)	$34	$19	($15)	$15
Long-term debt	268	0	268	0	0	0
Total capitalization	272	(49)	302	19	(15)	15
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0
Accounts payable	9	0	9	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Other	44	0	44	0	0	0
Total current liabilities	53	0	53	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	30	0	0	0	30	0
Regulatory liabilities:						0
Accrued asset removal costs	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	10	0	10	0	0	0
Total other liab. & def. credits	40	0	10	0	30	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$365	($49)	$365	$19	$15	$15
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Doswell Consolidated	Elims	Doswell Limited Partnership	ESI LP, LLC (Doswell)	ESI Doswell GP, LLC	Doswell I, LLC
OPERATING REVENUES	$194	($1)	$194	$0	$0	$1
OPERATING EXPENSES
Fuel, purchased power & interchange	95	0	95	0	0	0
Other operations and maintenance	13	(1)	14	0	0	0
Restructuring charges	0	0	0	0	0	0
Depreciation & amortization	14	0	14	0	0	0
Taxes other than income taxes	2	0	2	0	0	0
Total operating expenses	124	(1)	125	0	0	0
OPERATING INCOME	70	0	69	0	0	1
OTHER INCOME (DEDUCTIONS):
Interest charges	(26)	0	(26)	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(43)	0	42	1	0
Allowance for equity funds used during construction	0	0	0	0	0	0
Other - net	0	0	0	0	0	0
Total other deductions - net	(26)	(43)	(26)	42	1	0
INCOME BEFORE INCOME TAXES	44	(43)	43	42	1	1
INCOME TAXES	17	0	0	0	17	0
NET INCOME (LOSS)	27	(43)	43	42	(16)	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	154	(146)	174	176	(21)	(29)
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$181	($189)	$217	$218	($37)	($28)

FPL ENERGY FORNEY, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								33
ASSETS	Forney Consolidated	Elims	FPL Energy Forney GP, LLC	FPL Energy Forney LP, LLC	FPLE Forney, L.P.	FPLE Forney Pipeline, L.P.	MNM I LP, LLC	MNM I, L.P.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$818	$0	$0	$0	$712	$0	$0	$106
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	2	0	0	0	2	0	0	0
Less accumulated depreciation & amortization	(41)	0	0	0	(35)	0	0	(6)
Total property, plant and equipment - net	779	0	0	0	679	0	0	100
CURRENT ASSETS
Cash and cash equivalents	9	0	0	0	9	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	70	(2)	0	0	70	0	0	2
Materials, supplies & fossil fuel inventory - at average cost	1	0	0	0	1	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	1	0	0	0	1	0	0	0
Total current assets	81	(2)	0	0	81	0	0	2
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	(999)	7	785	102	0	105	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	(1)	0	0	0	(1)	0	0	0
Total other assets	(1)	(999)	7	785	101	0	105	0
TOTAL ASSETS	$859	($1,001)	$7	$785	$861	$0	$105	$102
CAPITALIZATION
Common shareholders' equity	$777	($999)	($7)	$785	$791	$0	$105	$102
Long-term debt	0	0	0	0	0	0	0	0
Total capitalization	777	(999)	(7)	785	791	0	105	102
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	4	0	0	0	4	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	8	0	0	0	8	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	34	(2)	0	0	36	0	0	0
Total current liabilities	46	(2)	0	0	48	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	14	0	14	0	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	22	0	0	0	22	0	0	0
Total other liab. & def. credits	36	0	14	0	22	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$859	($1,001)	$7	$785	$861	$0	$105	$102
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Forney Consolidated	Elims	FPL Energy Forney GP, LLC	FPL Energy Forney LP, LLC	FPLE Forney, L.P.	FPLE Forney Pipeline, L.P.	MNM I LP, LLC	MNM I, L.P.
OPERATING REVENUES	$358	($1)	$1	$0	$358	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	287	0	0	0	287	0	0	0
Other operations and maintenance	37	(1)	0	0	38	0	0	0
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	27	0	0	0	24	0	0	3
Taxes other than income taxes	9	0	0	0	9	0	0	0
Total operating expenses	360	(1)	0	0	358	0	0	3
OPERATING INCOME	(2)	0	1	0	0	0	0	(3)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	3	0	(3)	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	(3)	0	0	3
Total other deductions - net	0	3	0	(3)	(3)	0	0	3
INCOME BEFORE INCOME TAXES	(2)	3	1	(3)	(3)	0	0	0
INCOME TAXES	(1)	0	(1)	0	0	0	0	0
NET INCOME (LOSS)	(1)	3	2	(3)	(3)	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(1)	2	2	(3)	(2)	0	0	0
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($2)	$5	$4	($6)	($5)	$0	$0	$0

FPL ENERGY GRAY COUNTY WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)				34
ASSETS	Gray County Wind Consolidated	Elims	Gray County Wind Energy, LLC	FPL Energy Gray County Wind, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$103	$0	$103	$0
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depreciation & amortization	(17)	0	(17)	0
Total property, plant and equipment - net	86	0	86	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	1	0	1	0
Other receivables	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0
Storm reserve deficiency	0	0	0	0
Derivatives	0	0	0	0
Derivative assets	0	0	0	0
Other	0	0	0	0
Total current assets	1	0	1	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(86)	0	86
Regulatory assets:
Storm reserve deficiency	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0
Litigation settlement	0	0	0	0
Other	0	0	0	0
Other	1	0	0	1
Total other assets	1	(86)	0	87
TOTAL ASSETS	$88	($86)	$87	$87
CAPITALIZATION
Common shareholders' equity	$60	($86)	$86	$60
Long-term debt	0	0	0	0
Total capitalization	60	(86)	86	60
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0
Derivatives	0	0	0	0
Other	1	0	0	1
Total current liabilities	1	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	0	1	0
Accumulated deferred income taxes	26	0	0	26
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	27	0	1	26
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$88	($86)	$87	$87
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Gray County Wind Consolidated	Elims	Gray County Wind Energy, LLC	FPL Energy Gray County Wind, LLC
OPERATING REVENUES	$9	$0	$9	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	2	0	2	0
Restructuring charges	0	0	0	0
Depreciation & amortization	5	0	5	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	7	0	7	0
OPERATING INCOME	2	0	2	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Equity in earnings of equity method investees	0	(2)	0	2
Allowance for equity funds used during construction	0	0	0	0
Other - net	0	0	0	0
Total other deductions - net	0	(2)	0	2
INCOME BEFORE INCOME TAXES	2	(2)	2	2
INCOME TAXES	(5)	0	0	(5)
NET INCOME (LOSS)	7	(2)	2	7
RET. EARNINGS (DEF.) AT BEG. OF YEAR	15	(4)	4	15
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$22	($6)	$6	$22

FPL ENERGY INDIAN MESA GP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					35
ASSETS	Indian Mesa Consolidated	Elims	FPL Energy Indian Mesa GP, LLC	FPL Energy Indian Mesa LP, LLC	Indian Mesa Wind Farm L.P.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$82	$0	$0	$0	$82
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depreciation & amortization	(10)	0	0	0	(10)
Total property, plant and equipment - net	72	0	0	0	72
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	0	0	1
Other receivables	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0
Derivatives	0	0	0	0	0
Derivative assets	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	1	0	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(69)	1	68	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0
Litigation settlement	0	0	0	0	0
Other	0	0	0	0	0
Other	2	0	0	0	2
Total other assets	2	(69)	1	68	2
TOTAL ASSETS	$75	($69)	$1	$68	$75
CAPITALIZATION
Common shareholders' equity	$50	($69)	($18)	$68	$69
Long-term debt	0	0	0	0	0
Total capitalization	50	(69)	(18)	68	69
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	1	0	0	0	1
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0
Derivatives	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	1	0	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	0	0	0	1
Accumulated deferred income taxes	19	0	19	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Other	0	0	0	0	0
Other	4	0	0	0	4
Total other liab. & def. credits	24	0	19	0	5
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$75	($69)	$1	$68	$75
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Indian Mesa Consolidated	Elims	FPL Energy Indian Mesa GP, LLC	FPL Energy Indian Mesa LP, LLC	Indian Mesa Wind Farm L.P.
OPERATING REVENUES	$6	$0	$0	$0	$6
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	2	0	0	0	2
Restructuring charges	0	0	0	0	0
Depreciation & amortization	4	0	0	0	4
Taxes other than income taxes	1	0	0	0	1
Total operating expenses	7	0	0	0	7
OPERATING INCOME	(1)	0	0	0	(1)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	1	0	(1)	0
Allowance for equity funds used during construction	0	0	0	0	0
Other - net	0	0	0	0	0
Total other deductions - net	0	1	0	(1)	0
INCOME BEFORE INCOME TAXES	(1)	1	0	(1)	(1)
INCOME TAXES	(4)	0	(4)	0	0
NET INCOME (LOSS)	3	1	4	(1)	(1)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	2	1	4	(2)	(1)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$5	$2	$8	($3)	($2)

HYPERION VIII, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)				36
ASSETS	LSP VIII LP Consolidated	Elims	Harper Lake Company VIII	Hyperion VIII, Inc.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0
Total property, plant and equipment - net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0
Storm reserve deficiency	0	0	0	0
Derivatives	0	0	0	0
Derivative assets	0	0	0	0
Other	1	0	0	1
Total current assets	1	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	4	4	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0
Litigation settlement	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other assets	4	4	0	0
TOTAL ASSETS	$5	$4	$0	$1
CAPITALIZATION
Common shareholders' equity	($15)	$4	$0	($19)
Long-term debt	0	0	0	0
Total capitalization	(15)	4	0	(19)
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0
Derivatives	0	0	0	0
Other	2	0	0	2
Total current liabilities	2	0	0	2
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	18	0	0	18
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	18	0	0	18
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$5	$4	$0	$1
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	LSP VIII LP Consolidated	Elims	Harper Lake Company VIII	Hyperion VIII, Inc.
OPERATING REVENUES	$1	$0	$1	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring charges	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	1	0	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Equity in earnings of equity method investees	4	0	0	4
Allowance for equity funds used during construction	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	4	0	0	4
INCOME BEFORE INCOME TAXES	5	0	1	4
INCOME TAXES	2	0	0	2
NET INCOME (LOSS)	3	0	1	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	16	0	4	12
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$19	$0	$5	$14

HYPERION IX, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)				37
ASSETS	LSP IX LP Consolidated	Elims	HLC IX Company	Hyperion IX, Inc.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0
Total property, plant and equipment - net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	1	0	1	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0
Storm reserve deficiency	0	0	0	0
Derivatives	0	0	0	0
Derivative assets	0	0	0	0
Other	0	0	0	0
Total current assets	1	0	1	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	8	3	0	5
Regulatory assets:
Storm reserve deficiency	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0
Litigation settlement	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other assets	8	3	0	5
TOTAL ASSETS	$9	$3	$1	$5
CAPITALIZATION
Common shareholders' equity	($17)	$4	$1	($22)
Long-term debt	0	0	0	0
Total capitalization	(17)	4	1	(22)
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0
Derivatives	0	0	0	0
Other	1	0	0	1
Total current liabilities	1	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	25	(1)	0	26
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	25	(1)	0	26
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$9	$3	$1	$5
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	LSP IX LP Consolidated	Elims	HLC IX Company	Hyperion IX, Inc.
OPERATING REVENUES	$1	$0	$1	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring charges	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	1	0	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Equity in earnings of equity method investees	5	0	0	5
Allowance for equity funds used during construction	0	0	0	0
Other - net	0	0	0	0
Total other deductions - net	5	0	0	5
INCOME BEFORE INCOME TAXES	6	0	1	5
INCOME TAXES	2	0	0	2
NET INCOME (LOSS)	4	0	1	3
RET. EARNINGS (DEF.) AT BEG. OF YEAR	14	0	4	10
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$18	$0	$5	$13

FPL ENERGY MH50 LP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					38
ASSETS	MH50 Consolidated	Elims	FPL Energy MH50, L.P.	FPL Energy MH50 LP, LLC	FPL Energy MH50 GP, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$17	$0	$17	$0	$0
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depreciation & amortization	(5)	0	(5)	0	0
Total property, plant and equipment - net	12	0	12	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	1	0	1	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0
Derivatives	0	0	0	0	0
Derivative assets	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	1	0	1	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(12)	0	12	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0
Litigation settlement	0	0	0	0	0
Other	0	0	0	0	0
Other	0	0	0	0	0
Total other assets	0	(12)	0	12	0
TOTAL ASSETS	$13	($12)	$13	$12	$0
CAPITALIZATION
Common shareholders' equity	$3	($12)	$12	$3	$0
Long-term debt	8	0	0	8	0
Total capitalization	11	(12)	12	11	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0
Derivatives	0	0	0	0	0
Other	1	0	1	0	0
Total current liabilities	1	0	1	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Other	0	0	0	0	0
Other	1	0	0	1	0
Total other liab. & def. credits	1	0	0	1	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$13	($12)	$13	$12	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	MH50 Consolidated	Elims	FPL Energy MH50, L.P.	FPL Energy MH50 LP, LLC	FPL Energy MH50 GP, LLC
OPERATING REVENUES	$3	$0	$3	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	2	0	2	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring charges	0	0	0	0	0
Depreciation & amortization	1	0	1	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	3	0	3	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(1)	0	0	(1)	0
Preferred stock dividends - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0
Other - net	0	0	0	0	0
Total other deductions - net	(1)	0	0	(1)	0
INCOME BEFORE INCOME TAXES	(1)	0	0	(1)	0
INCOME TAXES	0	0	0	0	0
NET INCOME (LOSS)	(1)	0	0	(1)	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(3)	(1)	1	(4)	1
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($4)	($1)	$1	($5)	$1

FPL ENERGY MARCUS HOOK LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					39
ASSETS	MH700 Consolidated	Elims	FPL Energy Marcus Hook LLC	FPL Energy MH700, LLC	FPL Energy Marcus Hook, L.P.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$657	$0	$0	$0	$657
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0	0
Total property, plant and equipment - net	657	0	0	0	657
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	3	0	0	0	3
Materials, supplies & fossil fuel inventory - at average cost	1	0	0	0	1
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0
Derivatives	0	0	0	0	0
Derivative assets	0	0	0	0	0
Other	1	0	0	0	1
Total current assets	5	0	0	0	5
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(369)	365	4	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0
Unamortized loss on reacquired debt	11	0	0	0	11
Litigation settlement	0	0	0	0	0
Other	0	0	0	0	0
Other	0	0	0	0	0
Total other assets	11	(369)	365	4	11
TOTAL ASSETS	$673	($369)	$365	$4	$673
CAPITALIZATION
Common shareholders' equity	$345	($369)	$345	$4	$365
Long-term debt	232	0	0	0	232
Total capitalization	577	(369)	345	4	597
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0
Accounts payable	1	0	0	0	1
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0
Derivatives	0	0	0	0	0
Other	73	0	0	0	73
Total current liabilities	74	0	0	0	74
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	20	0	20	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Other	0	0	0	0	0
Other	2	0	0	0	2
Total other liab. & def. credits	22	0	20	0	2
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$673	($369)	$365	$4	$673
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	MH700 Consolidated	Elims	FPL Energy Marcus Hook LLC	FPL Energy MH700, LLC	FPL Energy Marcus Hook, L.P.
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	1	0	0	0	1
Other operations and maintenance	0	0	0	0	0
Restructuring charges	78	(2)	0	0	80
Depreciation & amortization	1	0	0	0	1
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	80	(2)	0	0	82
OPERATING INCOME	(80)	2	0	0	(82)
OTHER INCOME (DEDUCTIONS):
Interest charges	(3)	0	0	0	(3)
Preferred stock dividends - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	86	(85)	(1)	0
Allowance for equity funds used during construction	0	0	0	0	0
Other - net	0	0	0	0	0
Total other deductions - net	(3)	86	(85)	(1)	(3)
INCOME BEFORE INCOME TAXES	(83)	88	(85)	(1)	(85)
INCOME TAXES	(33)	0	(33)	0	0
NET INCOME (LOSS)	(50)	88	(52)	(1)	(85)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(3)	2	(2)	0	(3)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($53)	$90	($54)	($1)	($88)

ESI MOJAVE LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)				40
ASSETS	Mojave Consolidated	Elim	ESI Mojave LLC	ESI Mojave, Inc.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0
Total property, plant and equipment - net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0
Storm reserve deficiency	0	0	0	0
Derivatives	0	0	0	0
Derivative assets	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	7	0	7	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0
Litigation settlement	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other assets	7	0	7	0
TOTAL ASSETS	$7	$0	$7	$0
CAPITALIZATION
Common shareholders' equity	$7	$0	$7	$0
Long-term debt	0	0	0	0
Total capitalization	7	0	7	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0
Derivatives	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$7	$0	$7	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Mojave Consolidated	Elim	ESI Mojave LLC	ESI Mojave, Inc.
OPERATING REVENUES	$1	$0	$1	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring charges	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	1	0	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	3	0	3	0
Preferred stock dividends - FPL	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0
Other - net	0	0	0	0
Total other deductions - net	3	0	3	0
INCOME BEFORE INCOME TAXES	4	0	4	0
INCOME TAXES	0	0	0	0
NET INCOME (LOSS)	4	0	4	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	22	0	22	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$26	$0	$26	$0

ESI NORTHEAST ENERGY LP CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)				41
ASSETS	NE LP Consolidated	Elims	FPL Tel, LLC	North American Power Systems, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$52	$0	$15	$37
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depreciation & amortization	(1)	0	(1)	0
Total property, plant and equipment - net	51	0	14	37
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0
Storm reserve deficiency	0	0	0	0
Derivatives	0	0	0	0
Derivative assets	0	0	0	0
Other	2	0	0	2
Total current assets	2	0	0	2
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0
Litigation settlement	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other assets	0	0	0	0
TOTAL ASSETS	$53	$0	$14	$39
CAPITALIZATION
Common shareholders' equity	$46	$0	$7	$39
Long-term debt	0	0	0	0
Total capitalization	46	0	7	39
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0
Derivatives	0	0	0	0
Other	3	0	3	0
Total current liabilities	3	0	3	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	4	0	4	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	4	0	4	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$53	$0	$14	$39
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	NE LP Consolidated	Elims	FPL Tel, LLC	North American Power Systems, LLC
OPERATING REVENUES	$5	$0	$5	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	1	0	1	0
Restructuring charges	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	1	0	1	0
OPERATING INCOME	4	0	4	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0
Other - net	2	0	0	2
Total other deductions - net	2	0	0	2
INCOME BEFORE INCOME TAXES	6	0	4	2
INCOME TAXES	1	0	1	0
NET INCOME (LOSS)	5	0	3	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$5	$0	$3	$2

FPL ENERGY NEW MEXICO WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								42
ASSETS	New Mexico Consolidated	Elims	Pacific Power Investments, LLC	FPL Energy New Mexico Wind Holdings II, LLC	FPL Energy New Mexico Wind II, LLC	FPL Energy New Mexico Wind Financing, LLC	ESI NE Energy LP, Inc. (NM Wind)	FPL Energy New Mexico Wind, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$192	$0	$0	$0	$0	$0	$0	$192
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	(11)	0	0	0	0	0	0	(11)
Total property, plant and equipment - net	181	0	0	0	0	0	0	181
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	3	0	0	0	0	0	0	3
Other receivables	0	(5)	5	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	1	0	0	0	0	0	0	1
Total current assets	4	(5)	5	0	0	0	0	4
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	(342)	191	(37)	(3)	(3)	(3)	197
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	(4)	0	4	0	0	0	0
Total other assets	0	(346)	191	(33)	(3)	(3)	(3)	197
TOTAL ASSETS	$185	($351)	$196	($33)	($3)	($3)	($3)	$382
CAPITALIZATION
Common shareholders' equity	($82)	($150)	$196	($82)	($37)	($3)	($3)	($3)
Long-term debt	0	(192)	0	0	0	0	0	192
Total capitalization	(82)	(342)	196	(82)	(37)	(3)	(3)	189
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	221	(5)	0	0	34	0	0	192
Total current liabilities	221	(5)	0	0	34	0	0	192
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	0	0	0	0	0	0	1
Accumulated deferred income taxes	45	(4)	0	49	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other liab. & def. credits	46	(4)	0	49	0	0	0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$185	($351)	$196	($33)	($3)	($3)	($3)	$382
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	New Mexico Consolidated	Elims	Pacific Power Investments, LLC	FPL Energy New Mexico Wind Holdings II, LLC	FPL Energy New Mexico Wind II, LLC	FPL Energy New Mexico Wind Financing, LLC	ESI NE Energy LP, Inc. (NM Wind)	FPL Energy New Mexico Wind, LLC
OPERATING REVENUES	$16	$0	$0	$0	$0	$0	$0	$16
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	3	0	0	0	0	0	0	3
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	8	0	0	0	0	0	0	8
Taxes other than income taxes	1	0	0	0	0	0	0	1
Total operating expenses	12	0	0	0	0	0	0	12
OPERATING INCOME	4	0	0	0	0	0	0	4
OTHER INCOME (DEDUCTIONS):
Interest charges	(15)	9	0	0	(2)	0	0	(22)
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	25	0	(11)	(8)	(8)	(8)	10
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	(10)	10	0	0	0	0	0
Total other deductions - net	(15)	24	10	(11)	(10)	(8)	(8)	(12)
INCOME BEFORE INCOME TAXES	(11)	24	10	(11)	(10)	(8)	(8)	(8)
INCOME TAXES	(17)	0	0	(17)	0	0	0	0
NET INCOME (LOSS)	6	24	10	6	(10)	(8)	(8)	(8)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	1	20	4	1	(6)	(6)	(6)	(6)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$7	$44	$14	$7	($16)	($14)	($14)	($14)

FPL ENERGY OKLAHOMA WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)				43
ASSETS	Oklahoma Wind Consolidated	Elims	FPL Energy Oklahoma Wind Finance, LLC	FPL Energy Oklahoma Wind, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$55	$0	$0	$55
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depreciation & amortization	(3)	0	0	(3)
Total property, plant and equipment - net	52	0	0	52
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	(1)	1	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0
Storm reserve deficiency	0	0	0	0
Derivatives	0	0	0	0
Derivative assets	0	0	0	0
Other	1	0	0	1
Total current assets	1	(1)	1	1
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(112)	56	56
Regulatory assets:
Storm reserve deficiency	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0
Litigation settlement	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other assets	0	(112)	56	56
TOTAL ASSETS	$53	($113)	$57	$109
CAPITALIZATION
Common shareholders' equity	$37	($73)	$57	$53
Long-term debt	0	(55)	0	55
Total capitalization	37	(128)	57	108
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0
Derivatives	0	0	0	0
Other	0	(1)	0	1
Total current liabilities	0	(1)	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	16	16	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	16	16	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$53	($113)	$57	$109
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Oklahoma Wind Consolidated	Elims	FPL Energy Oklahoma Wind Finance, LLC	FPL Energy Oklahoma Wind, LLC
OPERATING REVENUES	$4	$0	$0	$4
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	1	0	0	1
Restructuring charges	0	0	0	0
Depreciation & amortization	2	0	0	2
Taxes other than income taxes	0	0	0	0
Total operating expenses	3	0	0	3
OPERATING INCOME	1	0	0	1
OTHER INCOME (DEDUCTIONS):
Interest charges	0	3	0	(3)
Preferred stock dividends - FPL	0	0	0	0
Equity in earnings of equity method investees	0	(3)	0	3
Allowance for equity funds used during construction	0	0	0	0
Other - net	0	(3)	3	0
Total other deductions - net	0	(3)	3	0
INCOME BEFORE INCOME TAXES	1	(3)	3	1
INCOME TAXES	0	0	0	0
NET INCOME (LOSS)	1	(3)	3	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	(1)	1	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	($4)	$4	$1

ESI ORMESA IE EQUITY, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)				44
ASSETS	Ormesa Consolidated	Elims	ESI Ormesa IE Equity, Inc.	ESI Ormesa Equity Holdings LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0
Total property, plant and equipment - net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0
Storm reserve deficiency	0	0	0	0
Derivatives	0	0	0	0
Derivative assets	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0
Litigation settlement	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other assets	0	0	0	0
TOTAL ASSETS	$0	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$0	$0	$0	$0
Long-term debt	0	0	0	0
Total capitalization	0	0	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0
Derivatives	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Ormesa Consolidated	Elims	ESI Ormesa IE Equity, Inc.	ESI Ormesa Equity Holdings LLC
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring charges	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0
Other - net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY OPERATING SERVICES, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)						45
ASSETS	Operating Services Consolidated	Elims	OTG, LLC (Texas Wind)	FPL Energy Virginia Power Services, Inc.	FPL Energy CO2 Operations, Inc.	FPL Energy Operating Services, Inc.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0	0	0
Total property, plant and equipment - net	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	1	0	0	0	0	1
Customer receivables - net	0	0	0	0	0	0
Other receivables	7	0	0	0	0	7
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total current assets	8	0	0	0	0	8
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	0	0	0	0	0
Regulatory assets:						0
Storm reserve deficiency	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other assets	0	0	0	0	0	0
TOTAL ASSETS	$8	$0	$0	$0	$0	$8
CAPITALIZATION
Common shareholders' equity	$6	$0	$0	$0	$0	$6
Long-term debt	0	0	0	0	0	0
Total capitalization	6	0	0	0	0	6
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Other	2	0	0	0	0	2
Total current liabilities	2	0	0	0	0	2
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$8	$0	$0	$0	$0	$8
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Operating Services Consolidated	Elims	OTG, LLC (Texas Wind)	FPL Energy Virginia Power Services, Inc.	FPL Energy CO2 Operations, Inc.	FPL Energy Operating Services, Inc.
OPERATING REVENUES	$11	$0	$0	$0	$0	$11
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	3	0	0	0	0	3
Restructuring charges	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0
Taxes other than income taxes	(3)	0	0	0	0	(3)
Total operating expenses	0	0	0	0	0	0
OPERATING INCOME	11	0	0	0	0	11
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0	0
Other - net	(1)	0	0	(1)	0	0
Total other deductions - net	(1)	0	0	(1)	0	0
INCOME BEFORE INCOME TAXES	10	0	0	(1)	0	11
INCOME TAXES	4	0	0	0	0	4
NET INCOME (LOSS)	6	0	0	(1)	0	7
RET. EARNINGS (DEF.) AT BEG. OF YEAR	21	0	0	1	0	20
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$27	$0	$0	$0	$0	$27

FPL ENERGY PARIS CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)							46
ASSETS	Paris Consolidated	Elims	Lamar Power Partners, L.P.	INTEXCO I, LP	INTEXCO I LP, LLC	FPL Energy Paris GP, LLC	FPL Energy Paris LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$462	$0	$318	$1	$143	$0	$0
Nuclear fuel	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	(65)	0	(44)	0	(21)	0	0
Total property, plant and equipment - net	397	0	274	1	122	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0
Customer receivables - net	1	0	1	0	0	0	0
Other receivables	19	0	19	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	2	0	2	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
Total current assets	22	0	22	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0
Other investments	1	(502)	126	0	0	4	373
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
Other	2	0	0	2	0	0	0
Total other assets	3	(502)	126	2	0	4	373
TOTAL ASSETS	$422	($502)	$422	$3	$122	$4	$373
CAPITALIZATION
Common shareholders' equity	$353	($502)	$373	$3	$122	($16)	$373
Long-term debt	0	0	0	0	0	0	0
Total capitalization	353	(502)	373	3	122	(16)	373
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0
Accounts payable	5	0	5	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0
Other	34	0	34	0	0	0	0
Total current liabilities	39	0	39	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0
Accumulated deferred income taxes	20	0	0	0	0	20	0
Regulatory liabilities:						0	0
Accrued asset removal costs	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
Other	10	0	10	0	0	0	0
Total other liab. & def. credits	30	0	10	0	0	20	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$422	($502)	$422	$3	$122	$4	$373
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Paris Consolidated	Elims	Lamar Power Partners, L.P.	INTEXCO I, LP	INTEXCO I LP, LLC	FPL Energy Paris GP, LLC	FPL Energy Paris LP, LLC
OPERATING REVENUES	$202	$0	$202	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	159	0	159	0	0	0	0
Other operations and maintenance	22	0	22	0	0	0	0
Restructuring charges	0	0	0	0	0	0	0
Depreciation & amortization	15	0	10	5	0	0	0
Taxes other than income taxes	4	0	4	0	0	0	0
Total operating expenses	200	0	195	5	0	0	0
OPERATING INCOME	2	0	7	(5)	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(1)	0	0	0	0	1
Allowance for equity funds used during construction	0	0	0	0	0	0	0
Other - net	0	1	(6)	5	0	0	0
Total other deductions - net	0	0	(6)	5	0	0	1
INCOME BEFORE INCOME TAXES	2	0	1	0	0	0	1
INCOME TAXES	1	0	0	0	0	1	0
NET INCOME (LOSS)	1	0	1	0	0	(1)	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	72	(115)	116	0	(2)	(16)	89
DEDUCT:
Dividends	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$73	($115)	$117	$0	($2)	($17)	$90

FPL ENERGY PECOS WIND CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								47
ASSETS	Pecos Wind Consolidated	Elims	FPL Energy Pecos Wind I, LP	FPL Energy Pecos Wind II, LP	FPL Energy Pecos Wind I GP, LLC	FPL Energy Pecos Wind I LP, LLC	FPL Energy Pecos Wind II GP, LLC	FPL Energy Pecos Wind II LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$149	$0	$75	$74	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	(26)	0	(13)	(13)	0	0	0	0
Total property, plant and equipment - net	123	0	62	61	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	1	0	1	0	0	0	0	0
Other receivables	0	0	0	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	1	0	0	0	0	0	1	0
Total current assets	2	0	1	0	0	0	1	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	(1)	(121)	0	0	0	59	0	61
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other assets	(1)	(121)	0	0	0	59	0	61
TOTAL ASSETS	$124	($121)	$63	$61	$0	$59	$1	$61
CAPITALIZATION
Common shareholders' equity	$82	($121)	$60	$61	$0	$20	$1	$61
Long-term debt	0	0	0	0	0	0	0	0
Total capitalization	82	(121)	60	61	0	20	1	61
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	1	0	1	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	1	0	1	0	0	0	0	0
Total current liabilities	2	0	2	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	0	1	0	0	0	0	0
Accumulated deferred income taxes	39	0	0	0	0	39	0	0
Regulatory liabilities:						0	0	0
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other liab. & def. credits	40	0	1	0	0	39	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$124	($121)	$63	$61	$0	$59	$1	$61
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Pecos Wind Consolidated	Elims	FPL Energy Pecos Wind I, LP	FPL Energy Pecos Wind II, LP	FPL Energy Pecos Wind I GP, LLC	FPL Energy Pecos Wind I LP, LLC	FPL Energy Pecos Wind II GP, LLC	FPL Energy Pecos Wind II LP, LLC
OPERATING REVENUES	$11	$0	$6	$5	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	5	0	2	3	0	0	0	0
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	8	0	4	4	0	0	0	0
Taxes other than income taxes	2	0	2	0	0	0	0	0
Total operating expenses	15	0	8	7	0	0	0	0
OPERATING INCOME	(4)	0	(2)	(2)	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	4	0	0	0	(2)	0	(2)
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	4	0	0	0	(2)	0	(2)
INCOME BEFORE INCOME TAXES	(4)	4	(2)	(2)	0	(2)	0	(2)
INCOME TAXES	(8)	0	0	0	0	(8)	0	0
NET INCOME (LOSS)	4	4	(2)	(2)	0	6	0	(2)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3	11	(5)	(6)	2	4	2	(5)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$7	$15	($7)	($8)	$2	$10	$2	($7)

FPL ENERGY PENNSYLVANIA WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)							48
ASSETS	Pennsylvania Wind Consolidated	Elims	FPL Energy Pennsylvania Wind, LLC	Meyersdale Windpower LLC	Mill Run Windpower LLC	Pennsylvania Windfarms, Inc.	Somerset Windpower LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$61	$0	$0	$37	$14	$2	$8
Nuclear fuel	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	(4)	0	0	(2)	(1)	0	(1)
Total property, plant and equipment - net	57	0	0	35	13	2	7
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0
Customer receivables - net	1	0	0	1	0	0	0
Other receivables	0	0	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0
Other	2	0	2	0	0	0	0
Total current assets	3	0	2	1	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0
Other investments	0	(55)	55	0	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
Other	4	0	0	2	1	1	0
Total other assets	4	(55)	55	2	1	1	0
TOTAL ASSETS	$64	($55)	$57	$38	$14	$3	$7
CAPITALIZATION
Common shareholders' equity	$40	($55)	$40	$32	$14	$2	$7
Long-term debt	0	0	0	0	0	0	0
Total capitalization	40	(55)	40	32	14	2	7
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0	0
Customers' deposits	6	0	0	6	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0
Other	1	0	0	0	0	1	0
Total current liabilities	7	0	0	6	0	1	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0
Accumulated deferred income taxes	15	0	15	0	0	0	0
Regulatory liabilities:				0	0
Accrued asset removal costs	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
Other	2	0	2	0	0	0	0
Total other liab. & def. credits	17	0	17	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$64	($55)	$57	$38	$14	$3	$7
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Pennsylvania Wind Consolidated	Elims	FPL Energy Pennsylvania Wind, LLC	Meyersdale Windpower LLC	Mill Run Windpower LLC	Pennsylvania Windfarms, Inc.	Somerset Windpower LLC
OPERATING REVENUES	$9	$0	$0	$5	$1	$2	$1
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0
Other operations and maintenance	6	0	0	3	1	1	1
Restructuring charges	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0
Total operating expenses	6	0	0	3	1	1	1
OPERATING INCOME	3	0	0	2	0	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(3)	3	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0	0	0
Other - net	0	0	0	0	0	0	0
Total other deductions - net	0	(3)	3	0	0	0	0
INCOME BEFORE INCOME TAXES	3	(3)	3	2	0	1	0
INCOME TAXES	(2)	0	(2)	0	0	0	0
NET INCOME (LOSS)	5	(3)	5	2	0	1	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	2	(2)	2	0	1	1	0
DEDUCT:
Dividends	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$7	($5)	$7	$2	$1	$2	$0

POSDEF POWER COMPANY, L.P. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)						49
ASSETS	Posdef Consolidated	Elims	CH POSDEF, INC.	CH POSDEF LP, INC.	Acme POSDEF Partners, L.P.	POSDEF Power Company, L.P.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$103	$0	$0	$0	$0	$103
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	2	0	0	0	0	2
Less accumulated depreciation & amortization	(93)	0	0	0	0	(93)
Total property, plant and equipment - net	12	0	0	0	0	12
CURRENT ASSETS
Cash and cash equivalents	3	0	0	0	0	3
Customer receivables - net	2	0	0	0	0	2
Other receivables	3	0	0	0	0	3
Materials, supplies & fossil fuel inventory - at average cost	2	0	0	0	0	2
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total current assets	10	0	0	0	0	10
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	(12)	0	6	6	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other assets	0	(12)	0	6	6	0
TOTAL ASSETS	$22	($12)	$0	$6	$6	$22
CAPITALIZATION
Common shareholders' equity	$6	($12)	$0	$6	$6	$6
Long-term debt	0	0	0	0	0	0
Total capitalization	6	(12)	0	6	6	6
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Other	3	0	0	0	0	3
Total current liabilities	3	0	0	0	0	3
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	0
Regulatory liabilities:						0
Accrued asset removal costs	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	13	0	0	0	0	13
Total other liab. & def. credits	13	0	0	0	0	13
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$22	($12)	$0	$6	$6	$22
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Posdef Consolidated	Elims	CH POSDEF, INC.	CH POSDEF LP, INC.	Acme POSDEF Partners, L.P.	POSDEF Power Company, L.P.
OPERATING REVENUES	$27	($1)	$0	$0	$1	$27
OPERATING EXPENSES
Fuel, purchased power & interchange	9	0	0	0	0	9
Other operations and maintenance	9	0	0	0	0	9
Restructuring charges	0	0	0	0	0	0
Depreciation & amortization	1	0	0	0	0	1
Taxes other than income taxes	0	0	0	0	0	0
Total operating expenses	19	0	0	0	0	19
OPERATING INCOME	8	(1)	0	0	1	8
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(19)	0	10	9	0
Allowance for equity funds used during construction	0	0	0	0	0	0
Other - net	2	0	0	0	0	2
Total other deductions - net	2	(19)	0	10	9	2
INCOME BEFORE INCOME TAXES	10	(20)	0	10	10	10
INCOME TAXES	4	0	0	4	0	0
NET INCOME (LOSS)	6	(20)	0	6	10	10
RET. EARNINGS (DEF.) AT BEG. OF YEAR	13	(39)	0	13	26	13
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$19	($59)	$0	$19	$36	$23

FPLE RHODE ISLAND STATE ENERGY CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)						50
ASSETS	Rhode Island Consolidated	Elims	FPLE Rhode Island State Energy GP, Inc.	FPLE Rhode Island State Energy LP, LLC	FPLE Rhode Island State Energy, L.P.	Rhode Island State Energy Statutory Trust 2000
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$364	$0	$0	$1	$0	$363
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	5	0	0	5	0	0
Less accumulated depreciation & amortization	(26)	0	0	0	0	(26)
Total property, plant and equipment - net	343	0	0	6	0	337
CURRENT ASSETS
Cash and cash equivalents	4	0	0	4	0	0
Customer receivables - net	0	0	0	0	0	0
Other receivables	13	3	0	11	0	(1)
Materials, supplies & fossil fuel inventory - at average cost	1	0	0	0	0	1
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0
Other	5	0	0	5	0	0
Total current assets	23	3	0	20	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	1	0	0	(1)	0
Regulatory assets:						0
Storm reserve deficiency	0	0	0	0	0	0
Unamortized loss on reacquired debt	5	0	0	0	0	5
Litigation settlement	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other assets	5	1	0	0	(1)	5
TOTAL ASSETS	$371	$4	$0	$26	($1)	$342
CAPITALIZATION
Common shareholders' equity	($29)	$1	($8)	($1)	($1)	($20)
Long-term debt	333	0	0	0	0	333
Total capitalization	304	1	(8)	(1)	(1)	313
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	13	0	0	0	0	13
Accounts payable	1	0	0	1	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Other	21	3	0	19	0	(1)
Total current liabilities	35	3	0	20	0	12
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	8	0	8	0	0	0
Regulatory liabilities:						0
Accrued asset removal costs	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	24	0	0	7	0	17
Total other liab. & def. credits	32	0	8	7	0	17
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$371	$4	$0	$26	($1)	$342
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Rhode Island Consolidated	Elims	FPLE Rhode Island State Energy GP, Inc.	FPLE Rhode Island State Energy LP, LLC	FPLE Rhode Island State Energy, L.P.	Rhode Island State Energy Statutory Trust 2000
OPERATING REVENUES	$77	$0	$0	$77	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	48	0	0	48	0	0
Other operations and maintenance	15	0	0	16	0	(1)
Restructuring charges	0	0	0	0	0	0
Depreciation & amortization	12	0	0	0	0	12
Taxes other than income taxes	1	0	0	1	0	0
Total operating expenses	76	0	0	65	0	11
OPERATING INCOME	1	0	0	12	0	(11)
OTHER INCOME (DEDUCTIONS):
Interest charges	(14)	0	0	0	0	(14)
Preferred stock dividends - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	9	0	0	(9)	0
Allowance for equity funds used during construction	0	0	0	0	0	0
Other - net	(1)	0	0	(21)	0	20
Total other deductions - net	(15)	9	0	(21)	(9)	6
INCOME BEFORE INCOME TAXES	(14)	9	0	(9)	(9)	(5)
INCOME TAXES	(5)	0	(5)	0	0	0
NET INCOME (LOSS)	(9)	9	5	(9)	(9)	(5)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(3)	(4)	3	4	4	(10)
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($12)	$5	$8	($5)	($5)	($15)

FPL ENERGY ROCKAWAY PEAKING FACILITY, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)						51
ASSETS	Rockaway Consolidated	Elims	Bayswater Peaking Facility, LLC	FPL Energy New York, LLC	FPL Energy Rockaway Peaking Facilities, LLC	Jamaica Bay Peaking Facility, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$124	$0	$58	$0	$0	$66
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depreciation & amortization	(9)	0	(6)	0	0	(3)
Total property, plant and equipment - net	115	0	52	0	0	63
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0
Customer receivables - net	4	(1)	3	0	0	2
Other receivables	0	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	1	0	1	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total current assets	5	(1)	4	0	0	2
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	(128)	0	10	118	0
Regulatory assets:						0
Storm reserve deficiency	0	0	0	0	0	0
Unamortized loss on reacquired debt	3	0	0	0	3	0
Litigation settlement	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other assets	3	(128)	0	10	121	0
TOTAL ASSETS	$123	($129)	$56	$10	$121	$65
CAPITALIZATION
Common shareholders' equity	($8)	($17)	$2	($8)	$10	$5
Long-term debt	107	(111)	53	0	107	58
Total capitalization	99	(128)	55	(8)	117	63
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	4	0	0	0	4	0
Accounts payable	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Other	2	(1)	1	0	0	2
Total current liabilities	6	(1)	1	0	4	2
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	18	0	0	18	0	0
Regulatory liabilities:						0
Accrued asset removal costs	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other liab. & def. credits	18	0	0	18	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$123	($129)	$56	$10	$121	$65
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Rockaway Consolidated	Elims	Bayswater Peaking Facility, LLC	FPL Energy New York, LLC	FPL Energy Rockaway Peaking Facilities, LLC	Jamaica Bay Peaking Facility, LLC
OPERATING REVENUES	$26	$0	$13	$0	$0	$13
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	5	0	2	0	0	3
Restructuring charges	0	0	0	0	0	0
Depreciation & amortization	5	0	2	0	0	3
Taxes other than income taxes	0	0	0	0	0	0
Total operating expenses	10	0	4	0	0	6
OPERATING INCOME	16	0	9	0	0	7
OTHER INCOME (DEDUCTIONS):
Interest charges	(8)	8	(4)	0	(8)	(4)
Preferred stock dividends - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(16)	0	8	8	0
Allowance for equity funds used during construction	0	0	0	0	0	0
Other - net	0	(8)	0	0	8	0
Total other deductions - net	(8)	(16)	(4)	8	8	(4)
INCOME BEFORE INCOME TAXES	8	(16)	5	8	8	3
INCOME TAXES	3	0	0	3	0	0
NET INCOME (LOSS)	5	(16)	5	5	8	3
RET. EARNINGS (DEF.) AT BEG. OF YEAR	7	(17)	11	7	4	2
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$12	($33)	$16	$12	$12	$5

FPL ENERGY SKY RIVER WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					52
ASSETS	Sky River Consolidated	Elims	FPL Energy Sky River Wind, LLC	ESI Sky River Limited Partnership	Sky River Partnership
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$76	$0	$2	$0	$74
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depreciation & amortization	(44)	0	0	0	(44)
Total property, plant and equipment - net	32	0	2	0	30
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	2	0	0	0	2
Other receivables	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0
Derivatives	0	0	0	0	0
Derivative assets	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	2	0	0	0	2
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(44)	29	15	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0
Litigation settlement	0	0	0	0	0
Other	0	0	0	0	0
Other	11	0	0	0	11
Total other assets	11	(44)	29	15	11
TOTAL ASSETS	$45	($44)	$31	$15	$43
CAPITALIZATION
Common shareholders' equity	$44	($44)	$31	$15	$42
Long-term debt	0	0	0	0	0
Total capitalization	44	(44)	31	15	42
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0
Derivatives	0	0	0	0	0
Other	1	0	0	0	1
Total current liabilities	1	0	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Other	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$45	($44)	$31	$15	$43
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Sky River Consolidated	Elims	FPL Energy Sky River Wind, LLC	ESI Sky River Limited Partnership	Sky River Partnership
OPERATING REVENUES	$14	$0	$0	$0	$14
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	3	0	0	0	3
Restructuring charges	0	0	0	0	0
Depreciation & amortization	3	0	0	0	3
Taxes other than income taxes	1	0	0	0	1
Total operating expenses	7	0	0	0	7
OPERATING INCOME	7	0	0	0	7
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	(7)	3	4	0
Allowance for equity funds used during construction	0	0	0	0	0
Other - net	0	0	0	0	0
Total other deductions - net	0	(7)	3	4	0
INCOME BEFORE INCOME TAXES	7	(7)	3	4	7
INCOME TAXES	0	0	0	0	0
NET INCOME (LOSS)	7	(7)	3	4	7
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3	0	0	3	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$10	($7)	$3	$7	$7

FPL ENERGY UPTON WIND CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								53
ASSETS	Upton Wind Consolidated	Elims	FPL Energy Upton Wind I, LP	FPL Energy Upton Wind II, LP	FPL Energy Upton Wind III, LP	FPL Energy Upton Wind IV, LP	FPL Energy Upton Wind I GP, LLC	FPL Energy Upton Wind I LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$287	$0	$0	$0	$0	$0	$0	$81
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	(46)	0	0	0	0	0	0	(14)
Total property, plant and equipment - net	241	0	0	0	0	0	0	67
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	1	0	0	0	0	0	0	1
Other receivables	0	0	0	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	1	0	0	0	0	0	0	1
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	2	0	0	0	0	0	0	1
Total current assets	4	0	0	0	0	0	0	3
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	(245)	66	75	67	34	1	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	6	0	0	0	0	0	0	2
Total other assets	6	(245)	66	75	67	34	1	2
TOTAL ASSETS	$251	($245)	$66	$75	$67	$34	$1	$72
CAPITALIZATION
Common shareholders' equity	$167	($245)	($12)	$75	$67	$34	$1	$67
Long-term debt	0	0	0	0	0	0	0	0
Total capitalization	167	(245)	(12)	75	67	34	1	67
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	3	0	0	0	0	0	0	3
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	1	0	0	0	0	0	0	1
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	1	0	0	0	0	0	0	0
Total current liabilities	5	0	0	0	0	0	0	4
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	0	0	0	0	0	0	1
Accumulated deferred income taxes	78	0	78	0	0	0	0	0
Regulatory liabilities:						0	0	0
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other liab. & def. credits	79	0	78	0	0	0	0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$251	($245)	$66	$75	$67	$34	$1	$72
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Upton Wind Consolidated	Elims	FPL Energy Upton Wind I, LP	FPL Energy Upton Wind II, LP	FPL Energy Upton Wind III, LP	FPL Energy Upton Wind IV, LP	FPL Energy Upton Wind I GP, LLC	FPL Energy Upton Wind I LP, LLC
OPERATING REVENUES	$17	$0	$7	$10	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	7	(1)	4	1	2	1	0	0
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	15	0	4	5	4	2	0	0
Taxes other than income taxes	3	0	3	0	0	0	0	0
Total operating expenses	25	(1)	11	6	6	3	0	0
OPERATING INCOME	(8)	1	(4)	4	(6)	(3)	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	8	0	0	0	0	0	(3)
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	8	0	0	0	0	0	(3)
INCOME BEFORE INCOME TAXES	(8)	9	(4)	4	(6)	(3)	0	(3)
INCOME TAXES	(13)	0	0	0	0	0	0	(13)
NET INCOME (LOSS)	5	9	(4)	4	(6)	(3)	0	10
RET. EARNINGS (DEF.) AT BEG. OF YEAR	2	15	(5)	(1)	(6)	(3)	1	9
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$7	$24	($9)	$3	($12)	($6)	$1	$19

FPL ENERGY UPTON WIND CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)						54
ASSETS	FPL Energy Upton Wind II GP, LLC	FPL Energy Upton Wind II LP, LLC	FPL Energy Upton Wind III GP, LLC	FPL Energy Upton Wind III LP, LLC	FPL Energy Upton Wind IV GP, LLC	FPL Energy Upton Wind IV LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$84	$0	$81	$0	$41
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depreciation & amortization	0	(13)	0	(13)	0	(6)
Total property, plant and equipment - net	0	71	0	68	0	35
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0
Other receivables	0	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0
Other	0	1	0	0	0	0
Total current assets	0	1	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	1	0	1	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	0	4	0	0	0	0
Total other assets	1	4	1	0	0	0
TOTAL ASSETS	$1	$76	$1	$68	$0	$35
CAPITALIZATION
Common shareholders' equity	$1	$75	$1	$68	$0	$35
Long-term debt	0	0	0	0	0	0
Total capitalization	1	75	1	68	0	35
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Other	0	1	0	0	0	0
Total current liabilities	0	1	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	0
Regulatory liabilities:	0	0	0	0	0	0
Accrued asset removal costs	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1	$76	$1	$68	$0	$35
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	FPL Energy Upton Wind II GP, LLC	FPL Energy Upton Wind II LP, LLC	FPL Energy Upton Wind III GP, LLC	FPL Energy Upton Wind III LP, LLC	FPL Energy Upton Wind IV GP, LLC	FPL Energy Upton Wind IV LP, LLC
OPERATING REVENUES	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0
Restructuring charges	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	4	0	(6)	0	(3)
Allowance for equity funds used during construction	0	0	0	0	0	0
Other - net	0	0	0	0	0	0
Total other deductions - net	0	4	0	(6)	0	(3)
INCOME BEFORE INCOME TAXES	0	4	0	(6)	0	(3)
INCOME TAXES	0	0	0	0	0	0
NET INCOME (LOSS)	0	4	0	(6)	0	(3)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	1	(1)	1	(6)	0	(3)
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	$3	$1	($12)	$0	($6)

ESI VANSYCLE PARTNERS, L.P. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					55
ASSETS	Vansycle Consolidated	Elims	ESI Vansycle Partners, L.P.	ESI Vansycle GP, Inc.	ESI Vansycle LP, Inc.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$28	$0	$28	$0	$0
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depreciation & amortization	(9)	0	(9)	0	0
Total property, plant and equipment - net	19	0	19	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0
Derivatives	0	0	0	0	0
Derivative assets	0	0	0	0	0
Other	1	0	1	0	0
Total current assets	1	0	1	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(20)	0	0	20
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0
Litigation settlement	0	0	0	0	0
Other	0	0	0	0	0
Other	0	0	0	0	0
Total other assets	0	(20)	0	0	20
TOTAL ASSETS	$20	($20)	$20	$0	$20
CAPITALIZATION
Common shareholders' equity	$12	($20)	$20	$0	$12
Long-term debt	0	0	0	0	0
Total capitalization	12	(20)	20	0	12
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0
Derivatives	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	8	0	0	0	8
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Other	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	8	0	0	0	8
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$20	($20)	$20	$0	$20
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Vansycle Consolidated	Elims	ESI Vansycle Partners, L.P.	ESI Vansycle GP, Inc.	ESI Vansycle LP, Inc.
OPERATING REVENUES	$4	$0	$4	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	1	0	1	0	0
Restructuring charges	0	0	0	0	0
Depreciation & amortization	2	0	2	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	3	0	3	0	0
OPERATING INCOME	1	0	1	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	(1)	0	0	1
Allowance for equity funds used during construction	0	0	0	0	0
Other - net	0	0	0	0	0
Total other deductions - net	0	(1)	0	0	1
INCOME BEFORE INCOME TAXES	1	(1)	1	0	1
INCOME TAXES	(1)	0	0	0	(1)
NET INCOME (LOSS)	2	(1)	1	0	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	10	(7)	7	0	10
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$12	($8)	$8	$0	$12

ESI VICTORY, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					56
ASSETS	Victory Gardens Consolidated	Elims	FPL Energy VG Wind, LLC	ESI VG Limited Partnership	Victory Garden Phase IV Partnership
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$16	$0	$1	$0	$15
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depreciation & amortization	(10)	0	0	0	(10)
Total property, plant and equipment - net	6	0	1	0	5
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	0	0	1
Other receivables	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0
Derivatives	0	0	0	0	0
Derivative assets	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	1	0	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(8)	6	2	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0
Litigation settlement	0	0	0	0	0
Other	0	0	0	0	0
Other	2	0	0	0	2
Total other assets	2	(8)	6	2	2
TOTAL ASSETS	$9	($8)	$7	$2	$8
CAPITALIZATION
Common shareholders' equity	$9	($8)	$7	$2	$8
Long-term debt	0	0	0	0	0
Total capitalization	9	(8)	7	2	8
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0
Derivatives	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Other	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$9	($8)	$7	$2	$8
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Victory Gardens Consolidated	Elims	FPL Energy VG Wind, LLC	ESI VG Limited Partnership	Victory Garden Phase IV Partnership
OPERATING REVENUES	$3	$0	$0	$0	$3
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	1	0	0	0	1
Restructuring charges	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	1	0	0	0	1
OPERATING INCOME	2	0	0	0	2
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	(2)	1	1	0
Allowance for equity funds used during construction	0	0	0	0	0
Other - net	0	0	0	0	0
Total other deductions - net	0	(2)	1	1	0
INCOME BEFORE INCOME TAXES	2	(2)	1	1	2
INCOME TAXES	0	0	0	0	0
NET INCOME (LOSS)	2	(2)	1	1	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	1	(1)	1	1	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$3	($3)	$2	$2	$2

FPL ENERGY WAYMART GP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)					57
ASSETS	Waymart Consolidated	Elims	FPL Energy Waymart GP, LLC	FPL Energy Waymart LP, LLC	Waymart Wind Farm L.P.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$74	$0	$0	$0	$74
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depreciation & amortization	(5)	0	0	0	(5)
Total property, plant and equipment - net	69	0	0	0	69
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	0	0	1
Other receivables	0	0	0	0	0
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0
Derivatives	0	0	0	0	0
Derivative assets	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	1	0	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(75)	12	63	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0
Litigation settlement	0	0	0	0	0
Other	0	0	0	0	0
Other	6	0	0	0	6
Total other assets	6	(75)	12	63	6
TOTAL ASSETS	$76	($75)	$12	$63	$76
CAPITALIZATION
Common shareholders' equity	$54	($75)	($9)	$63	$75
Long-term debt	0	0	0	0	0
Total capitalization	54	(75)	(9)	63	75
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0
Derivatives	0	0	0	0	0
Other	1	0	0	0	1
Total current liabilities	1	0	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	21	0	21	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Other	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	21	0	21	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$76	($75)	$12	$63	$76
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Waymart Consolidated	Elims	FPL Energy Waymart GP, LLC	FPL Energy Waymart LP, LLC	Waymart Wind Farm L.P.
OPERATING REVENUES	$8	$0	$0	$0	$8
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	1	0	0	0	1
Restructuring charges	0	0	0	0	0
Depreciation & amortization	4	0	0	0	4
Taxes other than income taxes	1	0	0	0	1
Total operating expenses	6	0	0	0	6
OPERATING INCOME	2	0	0	0	2
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	(3)	0	3	0
Allowance for equity funds used during construction	0	0	0	0	0
Other - net	0	0	0	0	0
Total other deductions - net	0	(3)	0	3	0
INCOME BEFORE INCOME TAXES	2	(3)	0	3	2
INCOME TAXES	(2)	0	(2)	0	0
NET INCOME (LOSS)	4	(3)	2	3	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	1	0	1	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$5	($3)	$3	$3	$2

FPL ENERGY WPP94 GP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)						58
ASSETS	WPP94 Consolidated	Elims	LQ GP, LLC	LQC LP, LLC	FPL Energy WPP 94 LP, LLC	Windpower Partners 1994, L.P.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$7	$0	$0	$0	$0	$7
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depreciation & amortization	0	0	0	0	0	0
Total property, plant and equipment - net	7	0	0	0	0	7
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0
Other receivables	1	0	0	0	0	1
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0
Other	1	0	0	0	0	1
Total current assets	2	0	0	0	0	2
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	(1)	0	0	0	1
Regulatory assets:						0
Storm reserve deficiency	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	3	0	0	0	1	2
Total other assets	3	(1)	0	0	1	3
TOTAL ASSETS	$12	($1)	$0	$0	$1	$12
CAPITALIZATION
Common shareholders' equity	$1	($1)	$0	$0	$1	$1
Long-term debt	9	0	0	0	0	9
Total capitalization	10	(1)	0	0	1	10
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0
Other	1	0	0	0	0	1
Total current liabilities	1	0	0	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	0
Regulatory liabilities:						0
Accrued asset removal costs	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Other	0	0	0	0	0	0
Other	1	0	0	0	0	1
Total other liab. & def. credits	1	0	0	0	0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$12	($1)	$0	$0	$1	$12
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	WPP94 Consolidated	Elims	LQ GP, LLC	LQC LP, LLC	FPL Energy WPP 94 LP, LLC	Windpower Partners 1994, L.P.
OPERATING REVENUES	$1	$0	$0	$0	$1	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	1	0	0	0	1	0
Restructuring charges	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0
Total operating expenses	1	0	0	0	1	0
OPERATING INCOME	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0	0
Other - net	0	0	0	0	0	0
Total other deductions - net	0	0	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0	0	0
INCOME TAXES	0	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								59
ASSETS	FPL Energy, LLC Consolidated	Elims	FPL Energy, LLC	BAC Investment Corp.	Blythe Project Management, LLC	FPL Energy Cowboy Wind, LLC	FPL Energy Project Management, Inc.	FPL Energy Power Marketing, Inc.
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$670	$0	$283	$0	$0	$0	$0	$4
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	46	0	30	0	0	12	0	0
Less accumulated depreciation & amortization	(86)	0	(20)	0	0	0	0	(2)
Total property, plant and equipment - net	630	0	293	0	0	12	0	2
CURRENT ASSETS
Cash and cash equivalents	3	0	0	0	0	0	0	3
Customer receivables - net	134	0	(5)	0	0	0	0	139
Other receivables	206	366	(398)	6	0	0	1	155
Materials, supplies & fossil fuel inventory - at average cost	9	0	0	0	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	82	0	0	0	0	0	0	82
Other	36	0	31	0	0	0	0	0
Total current assets	470	366	(372)	6	0	0	1	379
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	4,022	(900)	4,584	69	0	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	227	(45)	77	0	0	0	0	108
Total other assets	4,249	(945)	4,661	69	0	0	0	108
TOTAL ASSETS	$5,349	($579)	$4,582	$75	$0	$12	$1	$489
CAPITALIZATION
Common shareholders' equity	$4,413	($900)	$4,518	$75	$0	$9	$0	($29)
Long-term debt	0	0	0	0	0	0	0	0
Total capitalization	4,413	(900)	4,518	75	0	9	0	(29)
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	108	0	5	0	0	1	0	96
Customers' deposits	5	0	0	0	0	0	0	5
Accrued interest and taxes	383	409	(26)	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	109	0	0	0	0	0	0	109
Other	218	(40)	45	0	0	2	1	189
Total current liabilities	823	369	24	0	0	3	1	399
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	4	0	0	0	0	0	0	0
Accumulated deferred income taxes	(2)	(47)	39	0	0	0	0	8
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	111	0	0	0	0	0	0	111
Total other liab. & def. credits	113	(47)	39	0	0	0	0	119
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$5,349	($578)	$4,581	$75	$0	$12	$1	$489
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	FPL Energy, LLC Consolidated	Elims	FPL Energy, LLC	BAC Investment Corp.	Blythe Project Management, LLC	FPL Energy Cowboy Wind, LLC	FPL Energy Project Management, Inc.	FPL Energy Power Marketing, Inc.
OPERATING REVENUES	$134	($1)	$0	$0	$0	$0	$0	$15
OPERATING EXPENSES
Fuel, purchased power & interchange	28	0	0	0	0	0	0	0
Other operations and maintenance	100	0	48	0	0	0	5	18
Restructuring charges	3	0	3	0	0	0	0	0
Depreciation & amortization	23	0	10	0	0	0	0	1
Taxes other than income taxes	15	0	4	0	0	0	1	0
Total operating expenses	169	0	65	0	0	0	6	19
OPERATING INCOME	(35)	(1)	(65)	0	0	0	(6)	(4)
OTHER INCOME (DEDUCTIONS):
Interest charges	(67)	0	(67)	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	36	0	5	5	0	0	0	0
Total other deductions - net	(31)	0	(62)	5	0	0	0	0
INCOME BEFORE INCOME TAXES	(66)	(1)	(127)	5	0	0	(6)	(4)
INCOME TAXES	(46)	0	(70)	2	0	0	(3)	(2)
NET INCOME (LOSS)	(20)	(1)	(57)	3	0	0	(3)	(2)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(520)	(2)	(381)	22	0	0	(16)	(27)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($540)	($3)	($438)	$25	$0	$0	($19)	($29)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)		60
ASSETS	Square Lake Holdings, Inc.	Maine Final Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$0	$383
Nuclear fuel	0	0
Construction work in progress	0	4
Less accumulated depreciation & amortization	0	(64)
Total property, plant and equipment - net	0	323
CURRENT ASSETS
Cash and cash equivalents	0	0
Customer receivables - net	0	0
Other receivables	43	33
Materials, supplies & fossil fuel inventory - at average cost	0	9
Regulatory assets:
Deferred clause & franchise expenses	0	0
Storm reserve deficiency	0	0
Derivatives	0	0
Derivative assets	0	0
Other	0	5
Total current assets	43	47
OTHER ASSETS:
Special use funds	0	0
Other investments	263	6
Regulatory assets:
Storm reserve deficiency	0	0
Unamortized loss on reacquired debt	0	0
Litigation settlement	0	0
Other	0	0
Other	0	87
Total other assets	263	93
TOTAL ASSETS	$306	$463
CAPITALIZATION
Common shareholders' equity	$306	$434
Long-term debt	0	0
Total capitalization	306	434
CURRENT LIABILITIES
Commercial paper	0	0
Current maturities of long-term debt and preferred stock	0	0
Accounts payable	0	6
Customers' deposits	0	0
Accrued interest and taxes	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0
Derivatives	0	0
Other	0	21
Total current liabilities	0	27
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	4
Accumulated deferred income taxes	0	(2)
Regulatory liabilities:
Accrued asset removal costs	0	0
Asset retirement obligation regulatory expense difference	0	0
Unamortized investment tax credits	0	0
Other	0	0
Other	0	0
Total other liab. & def. credits	0	2
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$306	$463
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Square Lake Holdings, Inc.	Maine Final Consolidated
OPERATING REVENUES	$0	$120
OPERATING EXPENSES
Fuel, purchased power & interchange	0	28
Other operations and maintenance	0	29
Restructuring charges	0	0
Depreciation & amortization	0	12
Taxes other than income taxes	0	10
Total operating expenses	0	79
OPERATING INCOME	0	41
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0
Preferred stock dividends - FPL	0	0
Equity in earnings of equity method investees	0	0
Allowance for equity funds used during construction	0	0
Other - net	26	0
Total other deductions - net	26	0
INCOME BEFORE INCOME TAXES	26	41
INCOME TAXES	11	16
NET INCOME (LOSS)	15	25
RET. EARNINGS (DEF.) AT BEG. OF YEAR	6	(122)
DEDUCT:
Dividends	0	0
Other	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$21	($97)

FPL ENERGY MAINE, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)								61
ASSETS	Maine Final Consolidated	Elims	FPL Energy Cape, LLC	FPL Energy Maine, Inc.	FPL Energy Maine Operating Services LLC	FPL Energy Mason LLC	FPL Energy Spruce Point LLC	FPL Energy Wyman IV LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$383	$0	$1	$1	$0	$0	$0	$75
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	4	0	0	0	0	0	0	0
Less accumulated depreciation & amortization	(64)	0	0	0	0	0	0	(21)
Total property, plant and equipment - net	323	0	1	1	0	0	0	54
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	33	0	0	0	0	0	0	12
Materials, supplies & fossil fuel inventory - at average cost	9	0	0	0	0	0	0	8
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0	0	0	0	0
Storm reserve deficiency	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Derivative assets	0	0	0	0	0	0	0	0
Other	5	0	0	0	0	0	0	1
Total current assets	47	0	0	0	0	0	0	21
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	6	(330)	0	334	0	0	0	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0	0	0	0	0
Litigation settlement	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	87	(115)	0	202	0	0	0	0
Total other assets	93	(445)	0	536	0	0	0	0
TOTAL ASSETS	$463	($445)	$1	$537	$0	$0	$0	$75
CAPITALIZATION
Common shareholders' equity	$434	($330)	$1	$425	$0	$0	$0	$70
Long-term debt	0	0	0	0	0	0	0	0
Total capitalization	434	(330)	1	425	0	0	0	70
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0	0	0	0	0
Accounts payable	6	0	0	0	0	0	0	1
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0	0	0	0	0
Derivatives	0	0	0	0	0	0	0	0
Other	21	0	0	0	0	0	0	4
Total current liabilities	27	0	0	0	0	0	0	5
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	4	0	0	0	0	0	0	0
Accumulated deferred income taxes	(2)	(115)	0	112	0	0	0	0
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other liab. & def. credits	2	(115)	0	112	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$463	($445)	$1	$537	$0	$0	$0	$75
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Maine Final Consolidated	Elims	FPL Energy Cape, LLC	FPL Energy Maine, Inc.	FPL Energy Maine Operating Services LLC	FPL Energy Mason LLC	FPL Energy Spruce Point LLC	FPL Energy Wyman IV LLC
OPERATING REVENUES	$120	$0	$2	$0	$0	$0	$0	$36
OPERATING EXPENSES
Fuel, purchased power & interchange	28	0	0	0	0	0	0	14
Other operations and maintenance	29	0	1	0	(1)	0	0	6
Restructuring charges	0	0	0	0	0	0	0	0
Depreciation & amortization	12	0	0	0	0	0	0	4
Taxes other than income taxes	10	0	0	0	1	0	0	2
Total operating expenses	79	0	1	0	0	0	0	26
OPERATING INCOME	41	0	1	0	0	0	0	10
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(41)	0	41	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	(41)	0	41	0	0	0	0
INCOME BEFORE INCOME TAXES	41	(41)	1	41	0	0	0	10
INCOME TAXES	16	0	0	16	0	0	0	0
NET INCOME (LOSS)	25	(41)	1	25	0	0	0	10
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(122)	254	1	(137)	(3)	21	0	(76)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($97)	$213	$2	($112)	($3)	$21	$0	($66)

FPL ENERGY MAINE, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)		62
ASSETS	FPL Energy Wyman LLC	Maine 1 Consolidated
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$41	$265
Nuclear fuel	0	0
Construction work in progress	0	4
Less accumulated depreciation & amortization	(11)	(32)
Total property, plant and equipment - net	30	237
CURRENT ASSETS
Cash and cash equivalents	0	0
Customer receivables - net	0	0
Other receivables	11	10
Materials, supplies & fossil fuel inventory - at average cost	1	0
Regulatory assets:
Deferred clause & franchise expenses	0	0
Storm reserve deficiency	0	0
Derivatives	0	0
Derivative assets	0	0
Other	1	3
Total current assets	13	13
OTHER ASSETS:
Special use funds	0	0
Other investments	0	2
Regulatory assets:
Storm reserve deficiency	0	0
Unamortized loss on reacquired debt	0	0
Litigation settlement	0	0
Other	0	0
Other	0	0
Total other assets	0	2
TOTAL ASSETS	$43	$252
CAPITALIZATION
Common shareholders' equity	$33	$235
Long-term debt	0	0
Total capitalization	33	235
CURRENT LIABILITIES
Commercial paper	0	0
Current maturities of long-term debt and preferred stock	0	0
Accounts payable	2	3
Customers' deposits	0	0
Accrued interest and taxes	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0
Derivatives	0	0
Other	7	10
Total current liabilities	9	13
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	3
Accumulated deferred income taxes	0	1
Regulatory liabilities:		0
Accrued asset removal costs	0	0
Asset retirement obligation regulatory expense difference	0	0
Unamortized investment tax credits	0	0
Other	0	0
Other	0	0
Total other liab. & def. credits	1	4
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$43	$252
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	FPL Energy Wyman LLC	Maine 1 Consolidated
OPERATING REVENUES	$16	$66
OPERATING EXPENSES
Fuel, purchased power & interchange	14	0
Other operations and maintenance	4	19
Restructuring charges	0	0
Depreciation & amortization	2	6
Taxes other than income taxes	1	6
Total operating expenses	21	31
OPERATING INCOME	(5)	35
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0
Preferred stock dividends - FPL	0	0
Equity in earnings of equity method investees	0	0
Allowance for equity funds used during construction	0	0
Other - net	0	0
Total other deductions - net	0	0
INCOME BEFORE INCOME TAXES	(5)	35
INCOME TAXES	0	0
NET INCOME (LOSS)	(5)	35
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(22)	(160)
DEDUCT:
Dividends	0	0
Other	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($27)	($125)

FPL ENERGY MAINE, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2004 ($ Millions)				63
ASSETS	Maine 1 Consolidated	Elims	Kennebec Hydro Resources, Inc.	FPL Energy Maine Hydro LLC
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$265	$0	$0	$265
Nuclear fuel	0	0	0	0
Construction work in progress	4	0	0	4
Less accumulated depreciation & amortization	(32)	0	0	(32)
Total property, plant and equipment - net	237	0	0	237
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	10	0	0	10
Materials, supplies & fossil fuel inventory - at average cost	0	0	0	0
Regulatory assets:
Deferred clause & franchise expenses	0	0	0	0
Storm reserve deficiency	0	0	0	0
Derivatives	0	0	0	0
Derivative assets	0	0	0	0
Other	3	0	0	3
Total current assets	13	0	0	13
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	2	0	2	0
Regulatory assets:
Storm reserve deficiency	0	0	0	0
Unamortized loss on reacquired debt	0	0	0	0
Litigation settlement	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other assets	2	0	2	0
TOTAL ASSETS	$252	$0	$2	$250
CAPITALIZATION
Common shareholders' equity	$235	$0	$2	$233
Long-term debt	0	0	0	0
Total capitalization	235	0	2	233
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Current maturities of long-term debt and preferred stock	0	0	0	0
Accounts payable	3	0	0	3
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Regulatory liabilities:
Deferred clause & franchise revenues	0	0	0	0
Derivatives	0	0	0	0
Other	10	0	0	10
Total current liabilities	13	0	0	13
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	3	0	0	3
Accumulated deferred income taxes	1	0	0	1
Regulatory liabilities:
Accrued asset removal costs	0	0	0	0
Asset retirement obligation regulatory expense difference	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Other	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	4	0	0	4
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$252	$0	$2	$250
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2004 ($ Millions)
INCOME STATEMENT	Maine 1 Consolidated	Elims	Kennebec Hydro Resources, Inc.	FPL Energy Maine Hydro LLC
OPERATING REVENUES	$66	$0	$0	$66
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	19	0	0	19
Restructuring charges	0	0	0	0
Depreciation & amortization	6	0	0	6
Taxes other than income taxes	6	0	0	6
Total operating expenses	31	0	0	31
OPERATING INCOME	35	0	0	35
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0
Allowance for equity funds used during construction	0	0	0	0
Other - net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	35	0	0	35
INCOME TAXES	0	0	0	0
NET INCOME (LOSS)	35	0	0	35
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(160)	(1)	7	(166)
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($125)	($1)	$7	($131)

EX-99.B

EXHIBIT B

An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding-company system.

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*Backbone Windpower Holdings, LLC
					Backbone Mountain Windpower LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				FPL Energy Wind Funding Holdings, LLC
					FPL Energy Wind Funding, LLC
						FPL Energy Wind Financing, LLC
							FPL Energy American Wind Holdings, LLC
								*FPL Energy American Wind, LLC
									Badger Windpower, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				FPL Energy New York, LLC
					*FPL Energy Rockaway Peaking Facilities, LLC
						Bayswater Peaking Facility, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				Blythe Energy Acquisitions, LLC
					*FPL Energy Blythe, LLC
						Blythe Energy, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				FPL Energy Construction Funding Holdings LLC
					*FPL Energy Construction Funding LLC
						Calhoun Power Company I, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Delaware Mountain GP, LLC
				*FPL Energy Delaware Mountain LP, LLC
					Delaware Mountain Wind Farm, LP

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			*ESI Energy, LLC
				Diablo Winds, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*ESI LP, LLC
				ESI Doswell GP, LLC
					*Doswell I, LLC
						Doswell Limited Partnership

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*ESI Vansycle GP, Inc.
				*ESI Vansycle LP, Inc.
					ESI Vansycle Partners, L.P.

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*ESI California Holdings, Inc.
					FPL Energy Cabazon Wind, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Callahan Wind GP, LLC
				*FPL Energy Callahan Wind LP, LLC
					FPL Energy Callahan Wind, LP

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*ESI California Holdings, Inc.
					FPL Energy Green Power Wind, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				FPL Energy Wind Funding Holdings, LLC
					FPL Energy Wind Funding, LLC
						FPL Energy Wind Financing, LLC
							FPL Energy American Wind Holdings, LLC
								*FPL Energy American Wind, LLC
									FPL Energy Hancock County Wind, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			*FPL Energy Maine, Inc.
				FPL Energy Maine Hydro LLC
				FPL Energy Wyman LLC
				FPL Energy Wyman IV LLC (61.7831%)
				FPL Energy Mason LLC
				FPL Energy Maine Operating Services LLC
				FPL Energy Cape, LLC
				FPL Energy Spruce Point LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				FPL Energy Construction Funding Holdings LLC
					FPL Energy Construction Funding LLC
						*FPL Energy Marcus Hook LLC
							*FPL Energy MH700, LLC
								FPL Energy Marcus Hook, L.P.

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy MH50 GP, LLC
				*FPL Energy MH50 LP, LLC
					FPL Energy MH50, L.P.

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				ESI Northeast Energy LP, Inc.
					FPL Energy New Mexico Wind Holdings II, LLC
						FPL Energy New Mexico Wind II, LLC
							FPL Energy New Mexico Wind Financing, LLC
								*FPL Energy New Mexico Holdings, LLC
									FPL Energy New Mexico Wind, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			*ESI Energy, LLC
				FPL Energy North Dakota Wind, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			*ESI Energy, LLC
				FPL Energy Oklahoma Wind, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Pecos Wind I GP, LLC
				*FPL Energy Pecos Wind I LP, LLC
					FPL Energy Pecos Wind I, LP
				*FPL Energy Pecos Wind II GP, LLC
				*FPL Energy Pecos Wind II LP, LLC
					FPL Energy Pecos Wind II, LP

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			*ESI Energy, LLC
				FPL Energy Seabrook, LLC (88.2%)

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			*ESI Energy, LLC
				FPL Energy Sooner Wind, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			*ESI Energy, LLC
				FPL Energy South Dakota Wind, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Upton Wind I GP, LLC
				*FPL Energy Upton Wind I LP, LLC
					FPL Energy Upton Wind I, LP
				*FPL Energy Upton Wind II GP, LLC
				*FPL Energy Upton Wind II LP, LLC
					FPL Energy Upton Wind II, LP
				*FPL Energy Upton Wind III GP, LLC
				*FPL Energy Upton Wind III LP, LLC
					FPL Energy Upton Wind III, LP
				*FPL Energy Upton Wind IV GP, LLC
				*FPL Energy Upton Wind IV LP, LLC
					FPL Energy Upton Wind IV, LP

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Stateline Holdings, L.L.C.
					FPL Energy Vansycle L.L.C.

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			*ESI Energy, LLC
				FPL Energy Wyoming, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Forney GP, LLC
				*FPL Energy Forney LP, LLC
					FPLE Forney, L.P.
						MNM I LP, LLC
						MNM I, L.P.

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Gray County Wind, LLC
					Gray County Wind Energy, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				FPL Energy Wind Funding Holdings, LLC
					FPL Energy Wind Funding, LLC
						FPL Energy Wind Financing, LLC
							FPL Energy American Wind Holdings, LLC
								*FPL Energy American Wind, LLC
									Hawkeye Power Partners, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				FPL Energy Wind Funding Holdings, LLC
					FPL Energy Wind Funding, LLC
						FPL Energy Wind Financing, LLC
							FPL Energy American Wind Holdings, LLC
								*FPL Energy American Wind, LLC
									High Winds, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Indian Mesa GP, LLC
				*FPL Energy Indian Mesa LP, LLC
					Indian Mesa Wind Farm L.P.

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				FPL Energy New York, LLC
					*FPL Energy Rockaway Peaking Facilities, LLC
						Jamaica Bay Peaking Facility, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				FPL Energy Wind Funding Holdings, LLC
					FPL Energy Wind Funding, LLC
						FPL Energy Wind Financing, LLC
							FPL Energy American Wind Holdings, LLC
								*FPL Energy American Wind, LLC
									Lake Benton Power Partners II, LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Paris GP, Inc.
				*FPL Energy Paris LP, LLC
					Lamar Power Partners, L.P.
						INTEXCO I LP, LLC
						INTEXCO I, LP

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Pennsylvania Wind, LLC
					Meyersdale Windpower LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Pennsylvania Wind, LLC
					Mill Run Windpower LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				ESI Northeast Energy GP, Inc.
				ESI Northeast Energy LP, Inc.
					*Northeast Energy, LP
						*Northeast Energy, LLC
							North Jersey Energy Associates (50%)

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Pennsylvania Wind, LLC
					Pennsylvania Windfarms, Inc.

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				FPLE Rhode Island State Energy GP, Inc.
				FPLE Rhode Island State Energy LP, LLC
					**FPLE Rhode Island State Energy, L.P.

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				ESI LP, LLC
					*ESI Sky River Limited Partnership
					*FPL Energy Sky River Wind, LLC
				ESI California Holdings, Inc.
					ESI Sky River, Inc.
						*ESI Sky River Limited Partnership
						*FPL Energy Sky River Wind, LLC
							Sky River Partnership

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Pennsylvania Wind, LLC
					Somerset Windpower LLC

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				ESI LP, LLC
					*ESI VG Limited Partnership
					*FPL Energy VG Wind, LLC
				ESI Victory, Inc.
					*ESI VG Limited Partnership
					*FPL Energy VG Wind, LLC
						Victory Garden Phase IV Partnership

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*FPL Energy Waymart GP, LLC
				*FPL Energy Waymart LP, LLC
					Waymart Wind Farm L.P.

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				FPL Energy Wind Funding Holdings, LLC
					FPL Energy Wind Funding, LLC
						FPL Energy Wind Financing, LLC
							FPL Energy American Wind Holdings, LLC
								FPL Energy American Wind, LLC
									*ESI West Texas Energy, Inc.
									*ESI West Texas Energy LP, LLC
										West Texas Wind Energy Partners, L.P.

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				FPL Energy WPP94 GP, LLC
					*LQ GP, LLC
				FPL Energy WPP94 LP, LLC
					*LQC LP, LLC
						Windpower Partners 1994, L.P. (75%)

*	Denotes direct ownership interest in the EWG.
**	Entity is the Lessee of an EWG in which it has no ownership interest.