CALCULATION OF REGISTRATION FEE
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Title of Each Class of Securities to be Registered
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Maximum
Aggregate Offering Price |
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Amount of
Registration Fee(1)(2) |
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Florida Power & Light Company Floating Rate Notes, Series due June 15, 2068
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| | | $ | 94,121,000 | | | | | $ | 11,718.06 | | |
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Per Note
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Total
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Price to Public
|
| | | | 100.00% | | | | | $ | 94,121,000 | | |
Underwriting Discount
|
| | | | 1.00% | | | | | $ | 941,210 | | |
Proceeds to FPL (before expenses)
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| | | | 99.00% | | | | | $ | 93,179,790 | | |
| UBS Investment Bank | | |
Morgan Stanley
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J.P. Morgan
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Deutsche Bank Securities
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Wells Fargo Securities
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RBC Capital Markets
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BofA Merrill Lynch
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Page
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| | | | S-1 | | | |
| | | | S-13 | | | |
| | | | S-13 | | | |
| | | | S-13 | | | |
| | | | S-14 | | | |
| | | | S-14 | | | |
| | | | S-29 | | | |
| | | | S-31 | | |
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| | | | | 12 | | | |
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| | | | | 13 | | |
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March 31,
2018 |
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Adjusted(a)
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Amount
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| |
Percent
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(In Millions)
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Common shareholder’s equity
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| | | $ | 18,367 | | | | | $ | 18,367 | | | | | | 59.7% | | |
Long-term debt (excluding current maturities)
|
| | | | 11,803 | | | | | | 12,397 | | | | | | 40.3 | | |
Total capitalization
|
| | | $ | 30,170 | | | | | $ | 30,764 | | | | | | 100.0% | | |
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Redemption Date
|
| |
Price
|
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June 15, 2048
|
| | | | 105.00% | | |
December 15, 2048
|
| | | | 105.00% | | |
June 15, 2049
|
| | | | 104.50% | | |
December 15, 2049
|
| | | | 104.50% | | |
June 15, 2050
|
| | | | 104.00% | | |
December 15, 2050
|
| | | | 104.00% | | |
June 15, 2051
|
| | | | 103.50% | | |
December 15, 2051
|
| | | | 103.50% | | |
June 15, 2052
|
| | | | 103.00% | | |
December 15, 2052
|
| | | | 103.00% | | |
June 15, 2053
|
| | | | 102.50% | | |
December 15, 2053
|
| | | | 102.50% | | |
June 15, 2054
|
| | | | 102.00% | | |
December 15, 2054
|
| | | | 102.00% | | |
June 15, 2055
|
| | | | 101.50% | | |
December 15, 2055
|
| | | | 101.50% | | |
June 15, 2056
|
| | | | 101.00% | | |
December 15, 2056
|
| | | | 101.00% | | |
June 15, 2057
|
| | | | 100.50% | | |
December 15, 2057
|
| | | | 100.50% | | |
June 15, 2058
|
| | | | 100.00% | | |
Repayment Date
|
| |
Price
|
| |||
June 15, 2019
|
| | | | 98.00% | | |
December 15, 2019
|
| | | | 98.00% | | |
June 15, 2020
|
| | | | 98.00% | | |
December 15, 2020
|
| | | | 98.00% | | |
June 15, 2021
|
| | | | 98.00% | | |
December 15, 2021
|
| | | | 98.00% | | |
June 15, 2022
|
| | | | 98.00% | | |
December 15, 2022
|
| | | | 98.00% | | |
June 15, 2023
|
| | | | 98.00% | | |
December 15, 2023
|
| | | | 99.00% | | |
June 15, 2024
|
| | | | 99.00% | | |
December 15, 2024
|
| | | | 99.00% | | |
June 15, 2025
|
| | | | 99.00% | | |
December 15, 2025
|
| | | | 99.00% | | |
June 15, 2026
|
| | | | 99.00% | | |
December 15, 2026
|
| | | | 99.00% | | |
June 15, 2027
|
| | | | 99.00% | | |
December 15, 2027
|
| | | | 99.00% | | |
June 15, 2028
|
| | | | 99.00% | | |
December 15, 2028
|
| | | | 99.00% | | |
June 15, 2029
|
| | | | 100.00% | | |
Underwriter
|
| |
Principal Amount
of Notes |
| |||
UBS Securities LLC
|
| | | $ | 68,591,000 | | |
Morgan Stanley & Co. LLC
|
| | | | 13,275,000 | | |
J.P. Morgan Securities LLC
|
| | | | 3,355,000 | | |
Deutsche Bank Securities Inc.
|
| | | | 3,275,000 | | |
Wells Fargo Securities, LLC
|
| | | | 3,225,000 | | |
RBC Capital Markets, LLC
|
| | | | 1,500,000 | | |
Merrill Lynch, Pierce, Fenner & Smith
Incorporated |
| | | | 900,000 | | |
Total
|
| | | $ | 94,121,000 | | |
|
| | |
(expressed as a percentage
of principal amount) |
| |||
Underwriting Discount
|
| | | | 1.00% | | |
Initial Dealers’ Concession
|
| | | | 0.75% | | |
Reallowed Dealers’ Concession
|
| | | | 0.50% | | |
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Years Ended December 31,
|
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2014
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2013
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2012
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2011
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2010
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| 6.21 | | | | | 5.84 | | | | | | 5.43 | | | | | | 5.18 | | | | | | 4.95 | | |