U-3A-2/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM U-3A-2/A

File No. 69-302

Statement by Holding Company Claiming
Exemption under Rule U-3A-2 from the
Provisions of the Public Utility Holding
Company Act of 1935

FPL GROUP, INC.

Filed on March 7, 2003

Page 1 of 16

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, 2002, 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, 2002, FPL and the claimant (including EWG subsidiaries) had the following generating facilities:

Facility

Location

No. of Units

Fuel

Net Capability (mw)(a)

FPL

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

806

Cutler

Miami, FL

2

Gas

206

Manatee

Parrish, FL

2

Oil

1,620

Martin

Indiantown, FL

2

Oil/Gas

1,617

Port Everglades

Port Everglades, FL

4

Oil/Gas

1,212

Riviera

Riviera Beach, FL

2

Oil/Gas

565

St. Johns River Power Park

Jacksonville, FL

2

Coal/Petroleum Coke

254

(c)

Sanford

Lake Monroe, FL

1

Oil/Gas

138

(d)

Scherer

Monroe County, GA

1

Coal

658

(e)

Turkey Point

Florida City, FL

2

Oil/Gas

800

Combined-cycle:

Fort Myers

Fort Myers, FL

1

Gas

1,423

Lauderdale

Dania, FL

2

Gas/Oil

854

Martin

Indiantown, FL

2

Gas

935

Putnam

Palatka, FL

2

Gas/Oil

498

Sanford

Lake Monroe, FL

1

Gas

910

Simple cycle combustion turbines:

Martin

Indiantown, FL

1

Gas/Oil

298

Gas turbines/diesels:

Fort Myers

Fort Myers, FL

12

Oil

636

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

17,641

FPL Energy:

East

Northeast:

Bayswater

Far Rockaway, NY

1

Gas

54

Maine

Various - ME

9

Oil

755

Maine

Various - ME

89

Hydro

373

Seabrook

Seabrook, NH

1

Nuclear

1,024

(f)

Investment in joint ventures

MA

1

Gas

150

Total Northeast

2,356

Mid-Atlantic:

Doswell

Ashland, VA

5

Gas

879

Green Mountain

Somerset County, PA

8

Wind

10

Marcus Hook 50

Marcus Hook, PA

1

Gas

50

Mountaineer Wind Energy Center

Thomas, WV

44

Wind

66

Investments in joint ventures

Various

(g)

Various

251

Total Mid-Atlantic

1,256

West

Central:

Cerro Gordo

Ventura, IA

55

Wind

42

Delaware Mountain

Culberson County, TX

40

Wind

30

Gray County

Montezuma, KS

170

Wind

112

Hancock County

Hancock County, IA

148

Wind

98

Indian Mesa

McCarney, TX

125

Wind

83

King Mountain

Upton County, TX

214

Wind

278

Lake Benton II

Ruthton, MN

138

Wind

104

Lamar Power Partners

Paris, TX

2

Gas

990

Montfort

Montfort, WI

20

Wind

30

Southwest Mesa

McCamey, TX

107

Wind

75

Woodward Mountain

McCamey, TX

242

Wind

160

Investment in joint ventures

Austin, TX

2

Gas

283

Total Central

2,285

West:

Stateline

WA/OR border

454

Wind

300

Vansycle

Helix, OR

38

Wind

25

Investments in joint ventures

Various - CA

(h)

Various

478

Total West

803

TOTAL

6,700

__________________

(a)

Represents FPL's and FPL Energy, LLC'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. John's River Power Park Units Nos. 1 and 2, which are jointly owned with the Jacksonville Electric Authority (JEA).

(d)

Unit 4 was retired from service in July 2002 and expected to return to service as a combined cycle facility in May 2003.

(e)

Represents FPL's approximately 76% ownership of Scherer Unit No. 4, which is jointly owned with the JEA.

(f)

Excludes Massachusetts Municipal Wholesale Electric Company's, Taunton Municipal Lighting Plant's and Hudson Light & Power Department's combined share of 11.8%.

(g)

Represents plants using fuel and technology such as gas and waste-to-energy.

(h)

Includes multiple wind projects totaling 334 mw. The remaining 146 mw are provided by plants with less than 50 mw each using fuels and technologies such as solar, gas, coal and petroleum coke.

Transmission and Distribution.  At December 31, 2002, FPL owned and operated 516 substations and the following electric transmission and distribution lines:

Nominal Voltage			Overhead Lines Pole Miles			Trench and Submarine Cable Miles
500		kv		1,105	(a)		-
230		kv		2,316			31
138		kv		1,451			50
115		kv		671			-
69		kv		164			14
Less than 69kv				40,679			23,293
Total				46,386			23,388
_____________________
(a)	Includes approximately 75 miles owned jointly with the JEA.

3.	Florida Power & Light Company
Total kwh of Electric Energy Sold & Purchased Year Ended December 31, 2002
State		kwh Sold	Revenue $		kwh Purchased	Purchased $
Alabama		-		-	2,498	$	84,802
North Carolina		-		-	2,173		74,967
Georgia		297,608	$	11,784,408	8,979,536		175,722,521
South Carolina		-		-	5,603		167,157
Total electric energy sold at wholesale or purchased outside the State of Florida or at the State line		297,608		11,784,408	8,989,810	$	176,049,447
Florida		98,604,350,367		7,261,292,605
Total electric energy sold (at retail or wholesale)		98,604,647,975	$	7,273,077,013

Total MMBtu's of Gas Sold & Purchased Year Ended December 31, 2002
State	MMBtu's Sold	Revenue $		MMBtu's Purchased	Purchased $
Alabama	686,555	$	3,056,768	97,102,586	$	316,352,043
Louisiana	10,008,988		33,551,422	165,351,328		524,282,896
Mississippi	919,272		4,078,966	32,784,419		109,194,790
Texas	-		-	12,146,070		39,869,536
Total gas sold at wholesale or purchased outside the State of Florida	11,614,815		40,687,156	307,384,403	$	989,699,265
Florida	3,623,977		14,119,728
Total gas sold at wholesale	15,238,792	$	54,806,884

4.

FPL Group has the following interests in EWG's:

(a)   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 gas-fired combined cycle plant and a 171 megawatt gas-fired simple cycle plant, which sell 100% of their power to Virginia Electric and Power Company. At December 31, 2002, ESI LP, Inc. and Doswell I, Inc. collectively owned 100% of the partnership interests in Doswell, an EWG, and ESI Doswell GP, Inc. owned 100% of Doswell I, Inc. ESI Energy, LLC (ESI Energy) is the parent of ESI LP, Inc. and ESI Doswell GP, Inc. 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. FPL Energy had outstanding letters of credit of approximately $13.8 million at December 31, 2002 for obligations under purchase and sale of power and fuel 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. 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 guarantee. Fees under an operation and maintenance agreement with FPL Energy Operating Services, Inc. totaled $484,386 in 2002. Fees under a management contract with Doswell I, Inc. totaled $484,386 in 2002. Equity capital invested by system companies totaled $381,675,000 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	(3,247,613	)
Total debt obligations (intercompany)	$	381,675,000
Net income	$	38,043,454
FPL Group's equity in net income	$	38,043,454

(b)   Hawkeye Power Partners, LLC (Hawkeye, A/K/A Cerro Gordo), is located in Ventura, Iowa. The business address of Hawkeye is 10586 Balsam Avenue, Ventura, IA 50482. The facility is a 42 megawatt wind plant which sells 100% of its power to Interstate Power Company. At December 31, 2002, ESI Hawkeye Power, LLC owned 100% of Hawkeye, an EWG. ESI Energy is the parent of the entity that has an interest in Hawkeye. 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 for management and administrative services to ESI Hawkeye Power, LLC totaled $162,851 in 2002. Equity capital invested by system companies totaled $31,981,397 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	37,658,950
Total debt obligations	$	0
Net income	$	1,835,978
FPL Group's equity in net income	$	1,835,978

(c)   Gray County Wind Energy, LLC (Gray County) is located in Montezuma, Kansas. The business address of Gray County is 100 W. Mexitili, Montezuma, Kansas 67867. The facility is a 112 megawatt wind plant which sells 100% of its power to Utilicorp United, Inc. At December 31, 2002, 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. Equity capital invested by system companies totaled $94,626,144 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	97,276,946
Total debt obligations	$	0
Net income	$	2,496,055
FPL Group's equity in net income	$	2,496,055

(d)   Lake Benton Power Partners II, LLC (Lake Benton) is located in Ruthton, Minnesota. The business address of Lake Benton is 150 Evans Street, Box F, Ruthton, MN 56170. The facility is a 104 megawatt wind plant which sells 100% of its power to Northern States Power. At December 31, 2002, FPL Energy Lake Benton Acquisitions, LLC owned 100% of Lake Benton, an EWG. ESI Energy is the parent of the entity that has an interest in Lake Benton. 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 $10.8 million at December 31, 2002 for obligations under purchase and sale of power agreements. Fees paid for management and administrative services to FPL Energy Lake Benton Acquisitions, LLC totaled $102,996 in 2002. Equity capital invested by system companies totaled $103,779,024 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	93,308,465
Total debt obligations	$	0
Net loss	$	(8,305,996	)
FPL Group's equity in net loss	$	(8,305,996	)
Lake Benton's net loss reflects an impairment loss of $5,253,387 due to the implementation of Statement of Financial Accounting Standards (FAS) No. 142, "Goodwill and Other Intangible Assets."

(e)   Lamar Power Partners, L.P. (Lamar) and its wholly-owned subsidiary Intexco I, LP are located in Paris, Texas. The business address of Lamar is P.O. Box 520, Paris, TX 75461. The facility is a 1000 megawatt natural gas-fired combined-cycle facility which sells its power to a variety of facilities as well as to the market. At December 31, 2002, FPL Energy Paris GP, Inc., and FPL Energy Paris LP, LLC, whose parent is ESI Energy, collectively owned 99% of Lamar, 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 Energy has outstanding letters of credit of approximately $1 million at December 31, 2002 for obligations under purchase and sale of power and fuel agreements and other payments subject to certain contingencies. Fees under a maintenance and administrative services agreement between Lamar and FPL Energy Operating Services, Inc. in 2002 totaled $604,489. Equity capital investe d by system companies totaled $344,845,046 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	463,839,535
Total debt obligations	$	0
Net income	$	39,044,946
FPL Group's equity in net income	$	38,651,638

(f)   West Texas Wind Energy Partners, L.P. (West Texas Wind, A/K/A Southwest Mesa) is located in McCamey, Texas. The business address of West Texas Wind is P.O. Box 547, McCamey, TX 79752. The facility is a 75 megawatt wind plant which sells 100% of its power to Central and Southwest Services, Inc. At December 31, 2002, ESI West Texas Energy, Inc., and ESI West Texas Energy LP, LLC collectively owned 100% of West Texas Wind, an EWG. ESI Energy is the parent of the entities that have an interest in West Texas Wind. 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 $1.9 million at December 31, 2002 for obligations under purchase and sale of power 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 "Deb t," which is defined so as to include the FPL Group Capital guarantee. Fees paid to affiliated companies for management services totaled $163,872 in 2002. Fees paid to Sullivan Street Investments for administrative services pursuant to its term loan agreement totaled $50,000 in 2002. Equity and debt capital invested by system companies totaled $73,159,826 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	25,309,033
Total debt obligations (intercompany)	$	38,026,000
Net loss	$	(3,367,023	)
FPL Group's equity in net loss	$	(3,367,023	)

(g)   FPL Energy Maine, Inc. (FPLE Maine) holds a portfolio of hydro and fossil facilities located throughout the state of Maine, of which 1,120 megawatts qualify for EWG status. 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, 2002, FPLE Maine owned 100% of FPL Energy Maine Hydro LLC, FPL Energy Wyman LLC, FPL Energy Mason LLC and FPL Energy Cape, LLC, and 61.7831% of FPL Energy Wyman IV LLC, all of which are EWGs. 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 under a fuel management contract between FPL Energy Wyman IV LLC and FPL Energy Power Marketing, Inc. totaled $308,916 in 2002. Equity capital invested by system companies totaled $623,726,339 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	474,550,569
Total debt obligations	$	0
Net loss	$	(176,672,146	)
FPL Group's equity in net loss	$	(176,672,146	)

        FPLE Maine's net loss reflects an impairment loss of $199,295,908 due to the implementation of FAS 142.

(h)   FPL Energy MH50, L.P. (MH50, A/K/A Marcus Hook 50), is located in Marcus Hook, PA. The business address of MH50 is P.O. Box 426, Delaware Avenue & Green Street, Marcus Hook, PA 19061. The facility is a 50 megawatt gas-fired simple cycle plant which sells 100% of its power to the PJM power market. At December 31, 2002, FPL Energy MH50 GP, LLC and FPL Energy MH50 LP, LLC each owned partnership interests in MH50, an EWG. These interests in the aggregate equal 100%. ESI Energy is the parent of the entities that own 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 under an O&M agreement with FPL Energy Operating Services, Inc. totaled $72,000 in 2002. Equity capital invested by system companies totaled $12,789,861 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	15,732,995
Total debt obligations	$	0
Net income	$	1,331,243
FPL Group's equity in net income	$	1,331,243

(i)   ESI Vansycle Partners, L.P. (Vansycle), is a 25 megawatt wind plant located in Helix, Oregon, which sells 100% of its power to Portland General Electric Company. The business address of Vansycle is P.O. Box 310, Helix, OR 97835. At December 31, 2002, ESI Vansycle GP, Inc. (ESI GP) and ESI Vansycle LP, Inc. (ESI LP) own 1% and 99%, respectively, of Vansycle, an EWG. ESI GP and ESI LP 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. FPL Energy has guaranteed $500,000 for site remediation at the Vansycle plant. Fees paid to affiliated companies for management and administrative services in 2002 totaled $80,376. Equity capital invested by system companies totaled $17,840,564 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	23,416,449
Total debt obligations	$	0
Net income	$	1,531,448
FPL Group's equity in net income	$	1,531,448

(j)   FPL Energy Vansycle L.L.C. (Stateline), is a 300 megawatt wind plant located in Umatilla County, Oregon and Walla Walla County, Washington, which sells 100% of its power to Pacificorp Power Marketing, Inc. The business address of Stateline is P.O. Box 409, Touchet, WA 99360. At December 31, 2002, ESI Energy owns 100% of Stateline, 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 an outstanding letter of credit of approximately $2.1 million at December 31, 2002. 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 letter of credit. Fees paid to affiliated companies for management and administrative services in 2002 totaled $200,004. Equity capital invested by system companies totaled $268,987 ,611 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	263,306,074
Total debt obligations	$	0
Net loss	$	(4,944,955	)
FPL Group's equity in net loss	$	(4,944,955	)

(k)   Badger Windpower, LLC (Badger, A/K/A Montfort), is located in Montfort, Wisconsin. The business address of Badger is 3145 Anderson Lane, Montfort, WI 53569. 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, 2002, Badger Windpower Holdings, LLC owned 100% of Badger, an EWG. ESI Energy is the parent of the entity that has an interest in Badger. 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 $1.0 million for restoration of county roads to prior condition. Equity capital invested by system companies totaled $26,854,065 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	29,865,919
Total debt obligations	$	0
Net income	$	2,159,663
FPL Group's equity in net income	$	2,159,663

(l)   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 McCamey, Texas. The business address of Pecos I and II is P.O. Box 547, McCamey, TX 79752. Each of the facilities is an 80 megawatt wind plant which sells 100% of its power to TXU Electric Company. At December 31, 2002, 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, 2002, 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 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, 2002 for obligations under purchase and sale of power agreements. Under a separ ate 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 management services totaled $153,600 in 2002. Equity capital invested by system companies totaled $144,551,944 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	139,012,511
Total debt obligations	$	0
Net loss	$	(4,520,211	)
FPL Group's equity in net loss	$	(4,520,211	)

(m)   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, II, III and IV is P.O. Box 547, McCamey, TX 79752. Upton I is a 79.3 megawatt wind plant which sells 100% of its power to Austin Energy. Upton II is a 79.3 megawatt wind plant which sells 100% of its power to Reliant Energy Renewables, Inc. Upton III is a 79.3 megawatt wind plant which sells 100% of its power to Reliant Energy Renewables, Inc. Upton IV is a 40.3 megawatt wind plant which sells 100% of its power to Reliant Energy Renewables, Inc. At December 31, 2002, 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, 2002, FPL Energy Upton Wind II GP, LLC, and FPL Energy Upton Wind II LP, LLC, collectively owned 100% of Upton II, an EWG. A t December 31, 2002, 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, 2002, 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, II, III and 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 management services totaled $150,000 in 2002. Equity capital invested by system companies totaled $284,711,168 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	274,065,865
Total debt obligations	$	0
Net loss	$	(10,278,165	)
FPL Group's equity in net loss	$	(10,278,165	)

(n)   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, 2002, 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 to affiliated companies for management and administrative services in 2002 totaled $908,333. Equity capital invested by system companies totaled $922,026,224 at December 31, 2002.

        Capitalization and earnings (representing our 88.2% interest in Seabrook) during the reporting period were:

Total equity	$	967,740,263
Total debt obligations	$	0
Net income	$	23,107,580
FPL Group's equity in net income	$	23,107,580

(o)   FPL Energy Hancock County Wind, LLC (Hancock County) is located in Garner, Iowa. The business address of Hancock County is 345 State Street, Garner, IA 50438. The facility is a 97.7 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, 2002, ESI Energy owned 100% of Hancock County, 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 $77,568,122 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	77,553,898
Total debt obligations	$	0
Net loss	$	(14,224	)
FPL Group's equity in net loss	$	(14,224	)

(p)   Bastrop Energy Partners, L.P. (BEP) is located in Cedar Creek, Texas. The business address of BEP is PO Box 1748, Bastrop, TX 78602. The facility is a 566 megawatt natural gas-fired combined-cycle facility which sells its power to the market. At December 31, 2002, FPL Energy Bastrop GP, Inc. and FPL Energy Bastrop LP, LLC, whose parent is FPL Energy, collectively owned 50% of BEP, an EWG. FPL Energy is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital had outstanding letters of credit and guarantees of approximately $10 million at December 31, 2002 for obligations under purchase and sale of power and fuel 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 letter of credit. Fees under an operation and maintenance agreement with FPL Energy Operating Services, Inc. totaled $785,352 in 2002. Fees under a fuel management agreement between FPL Energy Power Marketing, Inc. and BEP totaled $200,000 in 2002. Fees under a power marketing agreement between FPL Energy Power Marketing, Inc. and BEP totaled $400,000 in 2002. Equity capital invested by system companies totaled $129,119,063 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

	Total equity	$	130,306,303
	Total debt obligations	$	0
	Net loss	$	(10,524,085	)
	FPL Group's equity in net loss	$	(5,262,043	)
(q)   NWP Indian Mesa Wind Farm, L.P. (Indian Mesa) is located in Pecos County, Texas. The business address of Indian Mesa is Bar M Ranch, Iraan, TX 79744. The facility is an 82.5 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, 2002, 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 Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $78,875,027 at December 31, 2002.

Total equity	$	77,668,592
Total debt obligations	$	0
Net loss	$	(1,206,435	)
FPL Group's equity in net loss	$	(1,206,435	)

(r)   Delaware Mountain Wind Farm, LP (Delaware Mountain) is located in Culberson County, Texas. The business address of Delaware Mountain is 62/180 South Hwy. 54, Salt Flat, TX. The facility is a 30 megawatt wind plant which sells 100% of its power to the Lower Colorado River Authority. At December 31, 2002, 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 Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $18,704,724 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	18,152,696
Total debt obligations	$	0
Net loss	$	(552,028	)
FPL Group's equity in net loss	$	(552,028	)

(s)   Pennsylvania Windfarms, Inc (PWF) is located in Garrett, PA. The business address is 226 Schrock Road, Garrett, PA 15542. The facility is a 10.4 megawatt plant, which sells 100% of its power to Green Mountain Energy, Co. At the end of December 31, 2002 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 owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Energy has outstanding letters of credit of approximately $1.3 million at December 31, 2002 for obligations under the Power Purchase Agreement and the Turbine Supply Agreement. Equity capital invested by system companies totaled $2,908,059 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	3,314,732
Total debt obligations	$	0
Net income	$	406,673
FPL Group's equity in net income	$	406,673

(t)   Backbone Mountain Windpower LLC (Backbone) is located in Thomas, WV. The business address is HC 60 Box 292, Thomas, WV 26292. The facility is a 66 megawatt plant, which sells 100% of its power to Exelon Corporation. At the end of December 31, 2002 Backbone Windpower Holdings, LLC owned 100% of Backbone, an EWG. ESI Energy, LLC is the parent of the entity that has an interest in Backbone. ESI Energy, LLC is a wholly-owned subsidiary of FPL Energy, LLC which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $59,369,939 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	59,376,894
Total debt obligations	$	0
Net income	$	6,955
FPL Group's equity in net income	$	6,955

(u)   Bayswater Peaking Facility, LLC (Bayswater) is located in Far Rockaway, NY. The business address is 1425 Bay 24^th Street, Far Rockaway, NY 11691. The facility is a 54 megawatt plant, which sells 100% of its power to Long Island Power Authority (LIPA) under an exclusive power tolling arrangement with LIPA. At the end of December 31, 2002, FPL Energy New York, LLC owned 100% of Bayswater, an EWG. 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. Equity capital invested by system companies totaled $53,543,072 at December 31, 2002.

        Capitalization and earnings during the reporting period were:

Total equity	$	58,002,537
Total debt obligations	$	0
Net income	$	4,459,465
FPL Group's equity in net income	$	4,459,465

The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer this 6th day of March, 2003.

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

(Corporate Seal)

Attest:

D. P. COYLE

D. P. Coyle, General Counsel and 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.
December 31, 2002

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.
*CAS Investments, Inc.	Delaware	Wilmington, DE	Owns investment securities.
*FPL Energy Services, Inc.	Florida	Miami, FL	Formed to provide ongoing services to implement energy programs.
**EDMpro.com, Inc.	Delaware	Juno Beach, FL	Data management company.
*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.
***Badger Windpower Holdings, LLC	Delaware	Juno Beach, FL	Holding company.
***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.
*****Blythe Energy, LLC	Delaware	Juno Beach, FL	Formed to develop gas fired project.
***Boulevard Associates, LLC	Delaware	Juno Beach, FL	Inactive.
***Calhoun Power Company I, LLC	Delaware	Juno Beach, FL	Formed to develop gas fired project.
***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.
***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	Inactive.
****CH Ormesa, Inc.	Florida	Juno Beach, FL	Inactive.
****CH POSDEF LP, Inc.	Florida	Juno Beach, FL	Participates in a coal project.
****CH POSDEF, Inc.	Florida	Juno Beach, FL	Participates in a coal project.
****ESI Sky River, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***ESI Calistoga GP, Inc.	Florida	Juno Beach, FL	Inactive.
***ESI Calistoga LP, Inc.	Florida	Juno Beach, FL	Inactive.
***ESI Cherokee GP, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
***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.
****ESI Cherokee County, L.P.	Delaware	Juno Beach, FL	Participates in a combined-cycle natural gas project.
***ESI Chesapeake Power, Inc.	Florida	Juno Beach, FL	Inactive.
***ESI Doswell GP, Inc.	Florida	Juno Beach, FL	Participates in combined-cycle natural gas project.
****Doswell I, Inc.	Florida	Juno Beach, FL	Participates in 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.
***ESI Geothermal, Inc.	Florida	Juno Beach, FL	Inactive.
****ESCA, LLC	Delaware	New York, NY	Inactive.
***ESI Hawkeye Power, LLC	Florida	Juno Beach, FL	Participates in a wind project.
***ESI Kern Front, Inc.	Florida	Juno Beach, FL	Participates in a natural gas project.
***ESI LP, Inc.	Florida	Juno Beach, FL	Formed to invest in partnerships.
****ESI Montgomery County, LLC	Florida	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 Lake Benton Holdings, Inc.	Florida	Juno Beach, FL	Inactive.
***ESI Mojave LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Mojave, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***ESI Multitrade LP, Inc.	Florida	Juno Beach, FL	Participates in a wood-burning electric generating project.
***ESI New Jersey Energy GP, Inc.	Florida	Juno Beach, FL	Inactive.
***ESI Northeast Energy Acquisition Funding, Inc.	Florida	Juno Beach, FL	Formed to acquire generation assets.
***ESI Northeast Energy Funding, Inc.	Florida	Juno Beach, FL	A funding corporation.
***ESI Northeast Energy GP, Inc.	Florida	Juno Beach, FL	Participates in combined-cycle natural gas project.
***ESI Northeast Energy LP, Inc.	Florida	Juno Beach, FL	Participates in combined-cycle natural gas project.
****FPL Energy New Mexico Wind, LLC	Delaware	Juno Beach, FL	Inactive.
*****Pacific Power Investments, LLC	Delaware	Wilmington, DE	Inactive.
***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 Philippines, Inc.	Florida	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 SEMASS Corp. LP, Inc.	Florida	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 Steamboat, Inc.	Florida	Juno Beach, FL	Inactive.
***ESI Tehachapi Acquisitions, Inc.	Florida	Juno Beach, FL	Participates in wind power projects.
***ESI Vansycle GP, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***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.
***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 Bastrop GP, Inc.	Florida	Juno Beach, FL	Participates in a gas fired project.
***FPL Energy Bastrop LP, LLC	Delaware	Juno Beach, FL	Participates in a gas fired project.
***FPL Energy Bellingham, Inc.	Florida	Juno Beach, FL	Inactive.
***FPL Energy Bellingham, LLC	Florida	Juno Beach, FL	Inactive.
***FPL Energy Blue Mountain, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Boulder Valley, LLC	Delaware	Juno Beach, FL	Inactive.
***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.
****ESI Cannon Acquisitions LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
*****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 Construction Funding Holdings LLC	Delaware	Wilmington, DE	Inactive.
****FPL Energy Construction Funding LLC	Delaware	Wilmington, DE	Inactive.
***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	Inactive.
****Doswell Funding Corporation	Florida	Juno Beach, FL	Inactive.
****UFG Holdings, Inc.	Delaware	Wilmington, DE	Manages intangible assets.
***FPL Energy East Mesa LLC	Delaware	Juno Beach, FL	Inactive.
***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, Inc.	Florida	Juno Beach, FL	Develop combined-cycle natural gas project.
*****MNM I LP, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Forney, LLC	Delaware	Juno Beach, FL	Develop combined-cycle natural gas project.
***FPLE Forney L.P.	Delaware	Juno Beach, FL	Develop combined-cycle natural gas project.
***FPLE Forney Pipeline, L.P.	Delaware	Juno Beach, FL	Develop combined-cycle natural gas project.
***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	Inactive.
***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 Hancock County Wind, LLC	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.
***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 Lake Benton Acquisitions, LLC	Delaware	Juno Beach, FL	Participates in a wind project.
***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 combined cycle natural gas project.
***FPL Energy MH50 LP,LLC	Delaware	Juno Beach, FL	Participates in combined cycle natural gas project.
***FPL Energy Marcus Hook LLC	Delaware	Juno Beach, FL	Develop combined-cycle natural gas project.
***FPL Energy Marcus Hook L.P.	Delaware	Juno Beach, FL	Develop combined-cycle natural gas project.
****FPL Energy MH700, LLC	Delaware	Juno Beach, FL	Development of gas-fired 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 wind farm.
***FPL Energy New York, LLC	Delaware	Juno Beach, FL	Development of gas-fired project.
****Jamaica Bay Peaking Facility, LLC	Delaware	Juno Beach, FL	Development of gas-fired project.
****Sunrise Energy Center LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy North Carolina Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
****Mountain Creek Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****Mountain Creek Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy North Dakota Wind II, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy North Dakota Wind, LLC	Delaware	Juno Beach, FL	Development of wind power project.
****FPL Energy Oklahoma Wind, LLC	Delaware	Juno Beach, FL	Inactive.
***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	Inactive.
****FPL Energy Virginia Power Services, Inc.	Florida	Juno Beach, FL	Inactive.
****Texas Wind Operating Services, LLC	Delaware	Juno Beach, FL	Provides operating and maintenance services for Texas projects.
***FPL Energy PRG, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Paris GP, Inc.	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 Paris LP, LLC	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 Sacramento Power, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Seabrook, LLC	Delaware	Juno Beach, FL	Joint owner in a nuclear power project.
***FPL Energy Solar Funding Corp.	Florida	Juno Beach, FL	Inactive.
***FPL Energy Sooner Wind, LLC	Delaware	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 South Dakota Wind, LLC	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	Participant in wind farm.
***FPL Energy Upton Wind I LP, LLC	Delaware	Juno Beach, FL	Participant in wind farm.
***FPL Energy Upton Wind II GP, LLC	Delaware	Juno Beach, FL	Participant in wind farm.
***FPL Energy Upton Wind II LP, LLC	Delaware	Juno Beach, FL	Participant in wind farm.
***FPL Energy Upton Wind III GP, LLC	Delaware	Juno Beach, FL	Participant in wind farm.
***FPL Energy Upton Wind III LP, LLC	Delaware	Juno Beach, FL	Participant in wind farm.
***FPL Energy Upton Wind IV GP, LLC	Delaware	Juno Beach, FL	Participant in wind farm.
***FPL Energy Upton Wind IV LP, LLC	Delaware	Juno Beach, FL	Participant in wind farm.
***FPL Energy Valley Power, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Virginia Holdings, Inc.	Florida	Juno Beach, FL	Holding company.
****FPL Energy Virginia Funding Corporation	Delaware	Wilmington, DE	Services debt.
***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 WindRidge Acquisitions, LLC	Delaware	Juno Beach, FL	Inactive.
****WindRidge 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.
***FPLE Pecos Leasing GP, LLC	Delaware	Juno Beach, FL	Inactive.
***FPLE Pecos Leasing LP, LLC	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	Participates in a natural gas project.
***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.
***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	Inactive.
***High Winds Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
****High Winds, LLC	Delaware	Juno Beach, FL	Inactive.
***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.
****KM Acquisitions X GP, LLC	Delaware	Juno Beach, FL	Inactive.
****KM Acquisitions XI GP, LLC	Delaware	Juno Beach, FL	Inactive.
****KM Acquisitions XII GP, LLC	Delaware	Juno Beach, FL	Inactive.
****KM Acquisitions XIII GP, LLC	Delaware	Juno Beach, FL	Inactive.
***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	Inactive.
***NG Acquisition L.L.C.	Florida	Juno Beach, FL	Inactive.
****Nevada Geothermal Holdings, L.L.C.	Florida	Juno Beach, FL	Inactive.
***Northern Cross Investments, Inc.	Delaware	Wilmington, DE	Manages intangible assets.
***OTG, LLC	Delaware	Juno Beach, FL	Inactive.
***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.
***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.
***Uinta County Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
**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 Maine Operating Services LLC	Delaware	Juno Beach, FL	Provides operating and maintenance services for a power company.
***FPL Energy Spruce Point LLC	Delaware	Juno Beach, FL	Provider of services for fossil and hydro generation facilities.
**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.
**FPL Group International, Inc.	Florida	Juno Beach, FL	Inactive.
***FPL Group Argentina, Inc.	Florida	Juno Beach, FL	Inactive.
***FPL Group International South America II, Inc.	Florida	Juno Beach, FL	Inactive.
****FPL Group International Brazil (Cayman) I, Inc.	Cayman	Cayman Islands B.W.I.	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, Inc.	Florida	Juno Beach, FL	Inactive.
***Karaha Bodas Investment Corp.	Cayman	Cayman Islands, B.W.I.	Inactive.
****Java Geothermal Company, L.L.C.	Delaware	Juno Beach, FL	Inactive.
*****Karaha Bodas Company, L.L.C.	Cayman	Cayman Islands, B.W.I.	Inactive.
**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 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.
*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.
*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.
*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.
*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 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.
*KPB Financial Corp.	Delaware	Wilmington, DE	Formed to manage intangible assets.

EX-99

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
FPL Energy Services, Inc. and Subsidiaries	6
HJT & LCR Holdings and Subsidiaries	7
FPL Energy, LLC and Subsidiaries	8 - 62

FPL GROUP, INC. AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ 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
Elec. utility plant in ser. & other property	$0	$19,864	$3,800	$0	$23,664
Nuclear fuel - net	0	140	62	0	202
Construction work in progress	0	757	1,883	(1)	2,639
Less accumulated depr. & amort.	0	(11,842)	(360)	1	(12,201)
Total prop., plant and eqpt.-net	0	8,919	5,385	0	14,304
CURRENT ASSETS
Cash and cash equivalents	5	0	261	0	266
Customer receivables - net	0	503	138	1	642
Other receivables	460	125	131	(493)	223
Mat'ls., supplies & fossil fuel inv.	0	349	99	0	448
Deferred clause expenses	0	131	0	0	131
Other	0	57	141	0	198
Total current assets	465	1,165	770	(492)	1,908
OTHER ASSETS:
Special use funds	0	1,693	228	0	1,921
Other investments	6,240	9	931	(6,483)	697
Other	84	851	125	(100)	960
Total other assets	6,324	2,553	1,284	(6,583)	3,578
TOTAL ASSETS	$6,789	$12,637	$7,439	($7,075)	$19,790
CAPITALIZATION
Common shareholders' equity	$6,390	$5,382	$839	($6,221)	$6,390
Pref. stk. of FPL w/o sinking fund require.	0	226	0	0	226
Long-term debt	0	2,364	3,426	0	5,790
Total capitalization	6,390	7,972	4,265	(6,221)	12,406
CURRENT LIABILITIES
Commercial paper	0	722	1,100	0	1,822
Note payable	0	0	375	0	375
Current maturities of long-term debt	0	70	35	0	105
Accounts payable	0	369	88	1	458
Customers' deposits	0	316	0	0	316
Accrued interest and taxes	(11)	175	40	(35)	169
Deferred clause revenues	0	62	0	0	62
Other	29	297	737	(459)	604
Total current liabilities	18	2,011	2,375	(493)	3,911
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(5)	1,215	412	(75)	1,547
Def. regulatory credit - income taxes	0	73	0	0	73
Unamortized investment tax credits	0	120	0	0	120
Storm and property insurance reserve	0	298	0	0	298
Other	386	948	387	(286)	1,435
Total other liab. & def. credits	381	2,654	799	(361)	3,473
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$6,789	$12,637	$7,439	($7,075)	$19,790
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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	$7,378	$932	$1	$8,311
OPERATING EXPENSES
Fuel, purchased power & interchange	0	3,306	405	0	3,711
Other operations and maintenance	5	1,225	267	(5)	1,492
Restructuring and impairment charges	0	0	207	0	207
Merger-related	0	0	0	0	0
Depreciation & amortization	0	831	121	0	952
Taxes other than income taxes	0	689	31	1	721
Total operating expenses	5	6,051	1,031	(4)	7,083
OPERATING INCOME	(5)	1,327	(99)	5	1,228
OTHER INCOME (DEDUCTIONS):
Interest charges	(28)	(166)	(144)	27	(311)
Preferred stock dividends - FPL	0	(15)	0	0	(15)
Reserve for leveraged leases	0	0	(48)	0	(48)
Equity in earnings of equity method investees	0	0	76	0	76
Other-net	488	(16)	56	(519)	9
Total other deductions - net	460	(197)	(60)	(492)	(289)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	455	1,130	(159)	(487)	939
INCOME TAXES	(18)	413	(151)	0	244
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE	473	717	(8)	(487)	695
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	(222)	0	(222)
NET INCOME	473	717	(230)	(487)	473
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3,207	705	(441)	(264)	3,207
DEDUCT:
Dividends	399	1,127	0	(1,127)	399
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$3,281	$295	($671)	$376	$3,281

FLORIDA POWER & LIGHT COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					2
ASSETS	Florida Power & Light Company	KPB Financial Corp.	FPL Enersys, Inc.	Adjusting & Elim. Entries	Florida Power & Light Company Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$19,864	$0	$0	$0	$19,864
Nuclear fuel under capital lease - net	140	0	0	0	140
Construction work in progress	757	0	0	0	757
Less accumulated depr. & amort.	(11,830)	(12)	0	0	(11,842)
Total prop., plant and eqpt.-net	8,931	(12)	0	0	8,919
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	157	346	0	0	503
Other receivables	509	72	0	(456)	125
Mat'ls., supplies & fossil fuel inv.-at avg. cost	349	0	0	0	349
Deferred clause expenses	131	0	0	0	131
Other	57	0	0	0	57
Total current assets	1,203	418	0	(456)	1,165
OTHER ASSETS:
Special use funds	1,153	540	0	0	1,693
Other investments	528	7	0	(526)	9
Other	1,613	0	0	(762)	851
Total other assets	3,294	547	0	(1,288)	2,553
TOTAL ASSETS	$13,428	$953	$0	($1,744)	$12,637
CAPITALIZATION
Common shareholders' equity	$5,382	$526	$0	($526)	$5,382
Pref. stk. of FPL w/o sinking fund require.	226	0	0	0	226
Long-term debt	2,364	0	0	0	2,364
Total capitalization	7,972	526	0	(526)	7,972
CURRENT LIABILITIES
Commercial paper	722	0	0	0	722
Note payable	0	0	0	0	0
Current maturities of long-term debt	70	0	0	0	70
Accounts payable	348	21	0	0	369
Customers' deposits	316	0	0	0	316
Accrued interest and taxes	205	0	0	(30)	175
Deferred clause revenues	62	0	0	0	62
Other	318	404	0	(425)	297
Total current liabilities	2,041	425	0	(455)	2,011
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	2,051	0	0	(836)	1,215
Def. regulatory credit - income taxes	0	0	0	73	73
Unamortized investment tax credits	120	0	0	0	120
Storm and property insurance reserve	296	2	0	0	298
Other	948	0	0	0	948
Total other liab. & def. credits	3,415	2	0	(763)	2,654
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$13,428	$953	$0	($1,744)	$12,637
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Florida Power & Light Company	KPB Financial Corp.	FPL Enersys, Inc.	Adjusting & Elim. Entries	Florida Power & Light Company Consolidated
OPERATING REVENUES	$7,378	$0	$0	$0	$7,378
OPERATING EXPENSES
Fuel, purchased power & interchange	3,306	0	0	0	3,306
Other operations and maintenance	1,231	0	0	(6)	1,225
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	831	0	0	0	831
Taxes other than income taxes	690	0	0	(1)	689
Total operating expenses	6,058	0	0	(7)	6,051
OPERATING INCOME	1,320	0	0	7	1,327
OTHER INCOME (DEDUCTIONS):
Interest charges	(166)	0	0	0	(166)
Preferred stock dividends - FPL	(15)	0	0	0	(15)
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investees	19	0	0	(19)	0
Other-net	(28)	19	0	(7)	(16)
Total other deductions - net	(190)	19	0	(26)	(197)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	1,130	19	0	(19)	1,130
INCOME TAXES	413	0	0	0	413
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE	717	19	0	(19)	717
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	0	0	0
NET INCOME	717	19	0	(19)	717
RET. EARNINGS (DEF.) AT BEG. OF YEAR	705	0	41	(41)	705
DEDUCT:
Dividends	1,127	0	0	0	1,127
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$295	$19	$41	($60)	$295

FPL GROUP CAPITAL INC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)								3
ASSETS	FPL Group Capital Inc	Alandco Inc. Consolidated	FPL Energy, LLC Consolidated	FPL Energy Services, Inc.	FPL FiberNet, LLC	Palms Insurance Company, Ltd.		West Boca Security, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$3,529	$0	$271	$0		$0
Nuclear fuel under capital lease - net	0	0	62	0	0	0		0
Construction work in progress	0	0	1,876	0	7	0		0
Less accumulated depr. & amort.	0	0	(313)	0	(46)	0		0
Total prop., plant and eqpt.-net	0	0	5,154	0	232	0		0
CURRENT ASSETS
Cash and cash equivalents	220	0	37	0	(1)	5		0
Customer receivables - net	0	0	130	5	4	0		0
Other receivables	4	0	107	4	3	1		8
Mat'ls., supplies & fossil fuel inv.-at avg. cost	0	0	81	0	17	0		0
Deferred clause expenses	0	0	0	0	0	0		0
Other	3	0	128	0	1	8		0
Total current assets	227	0	483	9	24	14		8
OTHER ASSETS:
Special use funds	0	0	229	0	0	0		0
Other investments	7,357	0	404	0	0	41		314
Other	36	1	88	0	3	2		0
Total other assets	7,393	1	721	0	3	43		314
TOTAL ASSETS	$7,620	$1	$6,358	$9	$259	$57		$322
CAPITALIZATION
Common shareholders' equity	$839	$1	$5,103	$5	$256	$14		$280
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0		0
Long-term debt	3,080	0	347	0	0	0		0
Total capitalization	3,919	1	5,450	5	256	14		280
CURRENT LIABILITIES
Commercial paper	1,100	0	0	0	0	0		0
Note payable	375	0	0	0	0	0		0
Current maturities of long-term debt	0	0	35	0	0	0		0
Accounts payable	4	0	86	0	2	0		0
Customers' deposits	0	0	0	0	0	0		0
Accrued interest and taxes	31	0	10	0	0	0		0
Deferred clause revenues	0	0	0	0	0	0		0
Other	457	0	265	4	8	3		0
Total current liabilities	1,967	0	396	4	10	3		0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	38	0	256	0	(19)	0		42
Def. regulatory credit - income taxes	0	0	0	0	0	0		0
Unamortized investment tax credits	0	0	0	0	0	0		0
Storm and property insurance reserve	0	0	0	0	0	0		0
Other	1,696	0	256	0	12	40		0
Total other liab. & def. credits	1,734	0	512	0	(7)	40		42
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$7,620	$1	$6,358	$9	$259	$57		$322
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	FPL Group Capital Inc	Alandco Inc. Consolidated	FPL Energy, LLC Consolidated	FPL Energy Services, Inc.	FPL FiberNet, LLC		Palms Insurance Company, Ltd.		West Boca Security, Inc.
OPERATING REVENUES	$0	$0	$829	$16	$73		$15		$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	393	12	0		0		0
Other operations and maintenance	9	0	212	3	31		11		0
Restructuring and impairment charges	0	0	103	0	104		0		0
Merger-related	0	0	0	0	0		0		0
Depreciation & amortization	0	0	107	0	14		0		0
Taxes other than income taxes	0	0	27	0	5		0		0
Total operating expenses	9	0	842	15	154		11		0
OPERATING INCOME	(9)	0	(13)	1	(81)		4		0
OTHER INCOME (DEDUCTIONS):
Interest charges	(88)	0	(86)	0	(7)		0		0
Preferred stock dividends - FPL	0	0	0	0	0		0		0
Reserve for leveraged leases	0	0	0	0	0		0		0
Equity in earnings of equity method investees	(200)	0	76	0	0		0		0
Other-net	(4)	0	22	0	(2)		2		12
Total other deductions - net	(292)	0	12	0	(9)		2		12
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(301)	0	(1)	1	(90)		6		12
INCOME TAXES	(71)	0	(54)	0	(35)		2		4
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE	(230)	0	53	1	(55)		4		8
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	(222)	0	0		0		0
NET INCOME	(230)	0	(169)	1	(55)		4		8
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(441)	(6)	195	(42)	23		8		166
DEDUCT:
Dividends	0	0	0	0	0		0		0
Other	0	0	0	1	0		1		0
RET. EARNINGS (DEF.) AT END OF YEAR	($671)	($6)	$26	($42)	($32)		$11		$174

FPL GROUP CAPITAL INC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)							4
ASSETS	Turner Foods Corporation	FPL Holdings Inc.	HJT & LCR Holdings Consolidated	CAS Investments, Inc.	FPL Investments, Inc.	Adjusting & Elim. Entries	FPL Group Capital Inc Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0	$3,800
Nuclear fuel under capital lease - net	0	0	0	0	0	0	62
Construction work in progress	0	0	0	0	0	0	1,883
Less accumulated depr. & amort.	0	0	0	0	0	(1)	(360)
Total prop., plant and eqpt.-net	0	0	0	0	0	(1)	5,385
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	261
Customer receivables - net	0	0	0	0	0	(1)	138
Other receivables	0	0	6	1	9	(12)	131
Mat'ls., supplies & fossil fuel inv.-at avg. cost	0	0	0	0	0	1	99
Deferred clause expenses	0	0	0	0	0	0	0
Other	0	0	0	0	0	1	141
Total current assets	0	0	6	1	9	(11)	770
OTHER ASSETS:
Special use funds	0	0	0	0	0	(1)	228
Other investments	0	0	473	1,226	96	(8,980)	931
Other	0	0	0	0	0	(5)	125
Total other assets	0	0	473	1,226	96	(8,986)	1,284
TOTAL ASSETS	$0	$0	$479	$1,227	$105	($8,998)	$7,439
CAPITALIZATION
Common shareholders' equity	$0	$0	$479	$1,227	($8)	($7,357)	$839
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0
Long-term debt	0	0	0	0	0	(1)	3,426
Total capitalization	0	0	479	1,227	(8)	(7,358)	4,265
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	1,100
Note payable	0	0	0	0	0	0	375
Current maturities of long-term debt	0	0	0	0	0	0	35
Accounts payable	0	0	0	0	0	(4)	88
Customers' deposits	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	12	(13)	40
Deferred clause revenues	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	737
Total current liabilities	0	0	0	0	12	(17)	2,375
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	101	(6)	412
Def. regulatory credit - income taxes	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0
Other	0	0	0	0	0	(1,617)	387
Total other liab. & def. credits	0	0	0	0	101	(1,623)	799
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$479	$1,227	$105	($8,998)	$7,439
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Turner Foods Corporation	FPL Holdings Inc.	HJT & LCR Holdings Consolidated	CAS Investments, Inc.	FPL Investments, Inc.	Adjusting & Elim. Entries	FPL Group Capital Inc Consolidated
OPERATING REVENUES	$0	$0	$0	$0	$0	($1)	$932
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	405
Other operations and maintenance	0	0	0	0	0	1	267
Restructuring and impairment charges	0	0	0	0	0	0	207
Merger-related	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	121
Taxes other than income taxes	0	0	0	0	0	(1)	31
Total operating expenses	0	0	0	0	0	0	1,031
OPERATING INCOME	0	0	0	0	0	(1)	(99)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	37	(144)
Preferred stock dividends - FPL	0	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	(48)	0	(48)
Equity in earnings of equity method investees	0	0	0	0	0	200	76
Other-net	0	0	31	29	0	(34)	56
Total other deductions - net	0	0	31	29	(48)	203	(60)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	0	31	29	(48)	202	(159)
INCOME TAXES	0	0	11	10	(20)	2	(151)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE	0	0	20	19	(28)	200	(8)
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	0	0	0	0	(222)
NET INCOME	0	0	20	19	(28)	200	(230)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(8)	0	115	119	8	(578)	(441)
DEDUCT:
Dividends	0	0	0	0	0	0	0
Other	0	0	0	0	0	(2)	0
RET. EARNINGS (DEF.) AT END OF YEAR	($8)	$0	$135	$138	($20)	($376)	($671)

ALANDCO INC. AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					5
ASSETS	Alandco Inc.	Alandco I, Inc.	Alandco/ Cascade, Inc.	Adjusting & Elim. Entries	Alandco Inc. Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	($2)	$0	$2	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-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
Mat'ls., supplies & fossil fuel inv.-at avg. cost	0	0	0	0	0
Deferred clause expenses	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
Other	(1)	1	1	0	1
Total other assets	2	1	1	(3)	1
TOTAL ASSETS	$0	$1	$3	($3)	$1
CAPITALIZATION
Common shareholders' equity	$0	$1	$3	($3)	$1
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	0	1	3	(3)	1
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	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
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	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	$0	$1	$3	($3)	$1
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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 and impairment charges	0	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	0	0	0	0
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE	0	0	0	0	0
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	0	0	0
NET INCOME	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)

FPL ENERGY SERVICES, INC. AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					6
ASSETS	FPL Energy Services, Inc.	EDMpro.com, Inc.	FPL Thermal Systems, Inc.	Adjusting & Elim. Entries	FPL Energy Services, Inc. Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	5	0	0	0	5
Other receivables	4	0	0	0	4
Mat'ls., supplies & fossil fuel inv.-at avg. cost	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	9	0	0	0	9
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	0	0
Other	0	0	0	0	0
Total other assets	0	0	0	0	0
TOTAL ASSETS	$9	$0	$0	$0	$9
CAPITALIZATION
Common shareholders' equity	$5	$0	$0	$0	$5
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	5	0	0	0	5
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	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
Deferred clause revenues	0	0	0	0	0
Other	4	0	0	0	4
Total current liabilities	4	0	0	0	4
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	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	$0	$0	$0	$9
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	FPL Energy Services, Inc.	EDMpro.com, Inc.	FPL Thermal Systems, Inc.	Adjusting & Elim. Entries	FPL Energy Services, Inc. Consolidated
OPERATING REVENUES	$16	$0	$0	$0	$16
OPERATING EXPENSES
Fuel, purchased power & interchange	12	0	0	0	12
Other operations and maintenance	3	0	0	0	3
Restructuring and impairment charges	0	0	0	0	0
Merger-related	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	15	0	0	0	15
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
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	1	0	0	0	1
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE	1	0	0	0	1
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	0	0	0
NET INCOME	1	0	0	0	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(42)	(2)	(1)	3	(42)
DEDUCT:
Dividends	0	0	0	0	0
Other	1	(2)	(1)	3	1
RET. EARNINGS (DEF.) AT END OF YEAR	($42)	$0	$0	$0	($42)

HJT & LCR HOLDINGS AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)									7
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
Elec. utility plant in ser. & other property	$0	$0	$0	$0		$0			$0
Nuclear fuel under capital lease - net	0	0	0	0		0			0
Construction work in progress	0	0	0	0		0			0
Less accumulated depr. & amort.	0	0	0	0		0			0
Total prop., plant and eqpt.-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	6	0	0	0		0			6
Mat'ls., supplies & fossil fuel inv.-at avg. cost	0	0	0	0		0			0
Deferred clause expenses	0	0	0	0		0			0
Other	0	0	0	0		0			0
Total current assets	6	0	0	0		0			6
OTHER ASSETS:
Special use funds	0	0	0	0		0			0
Other investments	473	479	0	479		(958)			473
Other	0	0	0	0		0			0
Total other assets	473	479	0	479		(958)			473
TOTAL ASSETS	$479	$479	$0	$479		($958)			$479
CAPITALIZATION
Common shareholders' equity	$479	$479	$0	$479		($958)			$479
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0		0			0
Long-term debt	0	0	0	0		0			0
Total capitalization	479	479	0	479		(958)			479
CURRENT LIABILITIES
Commercial paper	0	0	0	0		0			0
Note payable	0	0	0	0		0			0
Current maturities of long-term debt	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
Deferred clause revenues	0	0	0	0		0			0
Other	0	0	0	0		0			0
Total current liabilities	0	0	0	0		0			0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0		0			0
Def. regulatory credit - income taxes	0	0	0	0		0			0
Unamortized investment tax credits	0	0	0	0		0			0
Storm and property insurance reserve	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	$479	$479	$0	$479		($958)			$479
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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 and impairment charges	0	0	0		0		0	0
Merger-related	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
Reserve for leveraged leases	0	0	0		0		0	0
Equity in earnings of equity method investees	0	20	0		20		(40)	0
Other-net	31	0	0		0		0	31
Total other deductions - net	31	20	0		20		(40)	31
INCOME FROM OPERATIONS BEFORE INCOME TAXES	31	20	0		20		(40)	31
INCOME TAXES	11	0	0		0		0	11
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE	20	20	0		20		(40)	20
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	0		0		0	0
NET INCOME	20	20	0		20		(40)	20
RET. EARNINGS (DEF.) AT BEG. OF YEAR	115	115	0		115		(230)	115
DEDUCT:
Dividends	0	0	0		0		0	0
Other	0	0	0		0		0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$135	$135	$0		$135		($270)	$135

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					8
ASSETS	FPL Energy, LLC Consolidated	Elims	FPL Group International, Inc. Consolidated	ESI Energy, LLC Consolidated	FPL Energy, LLC Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$3,529	($12)	$0	$3,094	$447
Nuclear fuel under capital lease - net	62	62	0	0	0
Construction work in progress	1,876	12	0	1,739	125
Less accumulated depr. & amort.	(313)	0	0	(269)	(44)
Total prop., plant and eqpt.-net	5,154	62	0	4,564	528
CURRENT ASSETS
Cash and cash equivalents	37	0	0	48	(11)
Customer receivables - net	130	0	0	42	88
Other receivables	107	(182)	1	202	86
Mat'ls., supplies & fossil fuel inv.	81	(62)	0	140	3
Deferred clause expenses	0	0	0	0	0
Other	128	0	0	47	81
Total current assets	483	(244)	1	479	247
OTHER ASSETS:
Special use funds	229	0	0	229	0
Other investments	404	(3,808)	0	90	4,122
Other	88	(235)	0	282	41
Total other assets	721	(4,043)	0	601	4,163
TOTAL ASSETS	$6,358	($4,225)	$1	$5,644	$4,938
CAPITALIZATION
Common shareholders' equity	$5,103	($4,037)	($2)	$4,408	$4,734
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	347	0	0	347	0
Total capitalization	5,450	(4,037)	(2)	4,755	4,734
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	35	0	0	35	0
Accounts payable	86	(10)	0	43	53
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	10	(1)	0	8	3
Deferred clause revenues	0	0	0	0	0
Other	265	(170)	3	197	235
Total current liabilities	396	(181)	3	283	291
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	256	0	0	374	(118)
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	256	(7)	0	232	31
Total other liab. & def. credits	512	(7)	0	606	(87)
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$6,358	($4,225)	$1	$5,644	$4,938
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	FPL Energy, LLC Consolidated	Elims	FPL Group International, Inc. Consolidated	ESI Energy, LLC Consolidated	FPL Energy, LLC Consolidated
OPERATING REVENUES	$829	($571)	$0	$711	$689
OPERATING EXPENSES
Fuel, purchased power & interchange	393	(569)	0	371	591
Other operations and maintenance	212	0	0	93	119
Restructuring and impairment charges	103	0	0	0	103
Merger-related	0	0	0	0	0
Depreciation & amortization	107	0	0	93	14
Taxes other than income taxes	27	0	0	20	7
Total operating expenses	842	(569)	0	577	834
OPERATING INCOME	(13)	(2)	0	134	(145)
OTHER INCOME (DEDUCTIONS):
Interest charges	(86)	0	0	(31)	(55)
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	76	0	0	91	(15)
Other-net	22	2	(11)	4	27
Total other deductions - net	12	2	(11)	64	(43)
INCOME BEFORE INCOME TAXES	(1)	0	(11)	198	(188)
INCOME TAXES	(54)	0	(4)	31	(81)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	53	0	(7)	167	(107)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	(222)	0	0	(22)	(200)
NET INCOME (LOSS)	(169)	0	(7)	145	(307)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	195	0	(22)	410	(193)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$26	$0	($29)	$555	($500)

FPL GROUP INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)						9
ASSETS	FPL Group International, Inc. Consolidated	Elims		FPL Group International, Inc.		Karaha Bodas Investment Corp.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0		$0		$0
Nuclear fuel under capital lease - net	0	0		0		0
Construction work in progress	0	0		0		0
Less accumulated depr. & amort.	0	0		0		0
Total prop., plant and eqpt.-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	3		(2)		0
Mat'ls., supplies & fossil fuel inv.	0	0		0		0
Deferred clause expenses	0	0		0		0
Other	0	0		0		0
Total current assets	1	3		(2)		0
OTHER ASSETS:
Special use funds	0	0		0		0
Other investments	0	(23)		23		0
Other	0	0		0		0
Total other assets	0	(23)		23		0
TOTAL ASSETS	$1	($20)		$21		$0
CAPITALIZATION
Common shareholders' equity	($2)	($22)		$21		($1)
Pref. stk. of FPL w/o sinking fund require.	0	0		0		0
Long-term debt	0	0		0		0
Total capitalization	(2)	(22)		21		(1)
CURRENT LIABILITIES
Commercial paper	0	0		0		0
Note payable	0	0		0		0
Current maturities of long-term debt	0	0		0		0
Accounts payable	0	0		0		0
Customers' deposits	0	0		0		0
Accrued interest and taxes	0	0		0		0
Deferred clause revenues	0	0		0		0
Other	3	2		0		1
Total current liabilities	3	2		0		1
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0		0		0
Def. regulatory credit - income taxes	0	0		0		0
Unamortized investment tax credits	0	0		0		0
Storm and property insurance reserve	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	$1	($20)		$21		$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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	0	0	0		0
Restructuring and impairment charges	0	0	0		0
Merger-related	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
Reserve for leveraged leases	0	0	0		0
Equity in earnings of equity method investments	0	0	0		0
Other-net	(11)	0	(2)		(9)
Total other deductions - net	(11)	0	(2)		(9)
INCOME BEFORE INCOME TAXES	(11)	0	(2)		(9)
INCOME TAXES	(4)	0	(4)		0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(7)	0	2		(9)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0		0
NET INCOME (LOSS)	(7)	0	2		(9)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(22)	$0	($18)		($4)
DEDUCT:
Dividends	0	0	0		0
Other	0	0	0		0
RET. EARNINGS (DEF.) AT END OF YEAR	($29)	$0	($16)		($13)

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)											10
ASSETS	ESI Energy, LLC Consolidated	Elims	ESI Energy, LLC		FPL Energy California Wind, LLC		CH Ormesa LP, Inc.			CH Ormesa, Inc.	ESI Geothermal Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$3,094	$0	$0		$0		$0			$0	$0
Nuclear fuel under capital lease - net	0	0	0		0		0			0	0
Construction work in progress	1,739	0	0		0		0			0	0
Less accumulated depr. & amort.	(269)	0	0		0		0			0	0
Total prop., plant and eqpt.-net	4,564	0	0		0		0			0	0
CURRENT ASSETS
Cash and cash equivalents	48	0	0		0		0			5	0
Customer receivables - net	42	0	0		0		0			0	0
Other receivables	202	(42)	67		0		0			0	0
Mat'ls., supplies & fossil fuel inv.	140	0	0		0		0			0	0
Deferred clause expenses	0	0	0		0		0			0	0
Other	47	0	0		0		0			0	0
Total current assets	479	(42)	67		0		0			5	0
OTHER ASSETS:
Special use funds	229	0	0		0		0			0	0
Other investments	90	(4,429)	4,078		(5)		0			0	0
Other	282	0	1		0		0			0	0
Total other assets	601	(4,429)	4,079		(5)		0			0	0
TOTAL ASSETS	$5,644	($4,471)	$4,146		($5)		$0			$5	$0
CAPITALIZATION
Common shareholders' equity	$4,408	($4,021)	$4,111		($5)		($2)			$5	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0		0		0			0	0
Long-term debt	347	(409)	0		0		0			0	0
Total capitalization	4,755	(4,430)	4,111		(5)		(2)			5	0
CURRENT LIABILITIES
Commercial paper	0	0	0		0		0			0	0
Note payable	0	0	0		0		0			0	0
Current maturities of long-term debt	35	0	0		0		0			0	0
Accounts payable	43	(1)	0		0		0			0	0
Customers' deposits	0	0	0		0		0			0	0
Accrued interest and taxes	8	0	0		0		0			0	0
Deferred clause revenues	0	0	0		0		0			0	0
Other	197	(39)	7		0		2			0	0
Total current liabilities	283	(40)	7		0		2			0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	374	0	28		0		0			0	0
Def. regulatory credit - income taxes	0	0	0		0		0			0	0
Unamortized investment tax credits	0	0	0		0		0			0	0
Storm and property insurance reserve	0	0	0		0		0			0	0
Other	232	(1)	0		0		0			0	0
Total other liab. & def. credits	606	(1)	28		0		0			0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$5,644	($4,471)	$4,146		($5)		$0			$5	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	ESI Energy, LLC Consolidated	Elims		ESI Energy, LLC		FPL Energy California Wind, LLC		CH Ormesa LP, Inc.	CH Ormesa, Inc.			ESI Geothermal Inc.
OPERATING REVENUES	$711	($2)		$0		$0		$0	$0			$0
OPERATING EXPENSES
Fuel, purchased power & interchange	371	0		0		0		0	0			0
Other operations and maintenance	93	(2)		0		0		0	0			0
Restructuring and impairment charges	0	0		0		0		0	0			0
Merger-related	0	0		0		0		0	0			0
Depreciation & amortization	93	0		0		0		0	0			0
Taxes other than income taxes	20	0		0		0		0	0			0
Total operating expenses	577	(2)		0		0		0	0			0
OPERATING INCOME	134	0		0		0		0	0			0
OTHER INCOME (DEDUCTIONS):
Interest charges	(31)	37		0		0		0	0			0
Preferred stock dividends - FPL	0	0		0		0		0	0			0
Reserve for leveraged leases	0	0		0		0		0	0			0
Equity in earnings of equity method investments	91	1		(1)		0		4	0			0
Other-net	4	(37)		47		0		0	0			0
Total other deductions - net	64	1		46		0		4	0			0
INCOME BEFORE INCOME TAXES	198	1		46		0		4	0			0
INCOME TAXES	31	0		7		0		2	0			0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	167	1		39		0		2	0			0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	(22)	0		0		0		0	0			0
NET INCOME (LOSS)	145	1		39		0		2	0			0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	410	1		65		0		1	2			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	$555	$2		$104		$0		$3	$2			$0

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)												11
ASSETS	ESI Ebensburg, Inc.	ESI Sierra, Inc.		ESI Kern Front, Inc.	ESI Double "C", Inc.		ESI LP, Inc. (Victory)		ESI Victory, Inc.			CH POSDEF, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0		$0	$0		$0		$0			$0
Nuclear fuel under capital lease - net	0	0		0	0		0		0			0
Construction work in progress	0	0		0	0		0		0			0
Less accumulated depr. & amort.	0	0		0	0		0		0			0
Total prop., plant and eqpt.-net	0	0		0	0		0		0			0
CURRENT ASSETS
Cash and cash equivalents	0	0		0	0		0		0			0
Customer receivables - net	0	0		0	0		0		0			0
Other receivables	0	0		0	0		0		0			0
Mat'ls., supplies & fossil fuel inv.	0	0		0	0		0		0			0
Deferred clause expenses	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total current assets	0	0		0	0		0		0			0
OTHER ASSETS:
Special use funds	0	0		0	0		0		0			0
Other investments	(3)	3		0	1		(8)		3			0
Other	0	0		0	0		0		0			0
Total other assets	(3)	3		0	1		(8)		3			0
TOTAL ASSETS	($3)	$3		$0	$1		($8)		$3			$0
CAPITALIZATION
Common shareholders' equity	($15)	$4		$0	$1		($8)		$5			$0
Pref. stk. of FPL w/o sinking fund require.	0	0		0	0		0		0			0
Long-term debt	3	0		0	0		0		0			0
Total capitalization	(12)	4		0	1		(8)		5			0
CURRENT LIABILITIES
Commercial paper	0	0		0	0		0		0			0
Note payable	0	0		0	0		0		0			0
Current maturities of long-term debt	0	0		0	0		0		0			0
Accounts payable	0	0		0	0		0		0			0
Customers' deposits	0	0		0	0		0		0			0
Accrued interest and taxes	0	0		0	0		0		0			0
Deferred clause revenues	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total current liabilities	0	0		0	0		0		0			0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	9	(1)		0	0		0		(2)			0
Def. regulatory credit - income taxes	0	0		0	0		0		0			0
Unamortized investment tax credits	0	0		0	0		0		0			0
Storm and property insurance reserve	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total other liab. & def. credits	9	(1)		0	0		0		(2)			0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	($3)	$3		$0	$1		($8)		$3			$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	ESI Ebensburg, Inc.	ESI Sierra, Inc.	ESI Kern Front, Inc.			ESI Double "C", Inc.		ESI LP, Inc. (Victory)		ESI Victory, Inc.	CH POSDEF, Inc.
OPERATING REVENUES	$0	$0	$0			$0		$0		$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0			0		0		0	0
Other operations and maintenance	0	0	0			0		0		0	0
Restructuring and impairment charges	0	0	0			0		0		0	0
Merger-related	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	0	0	0			0		0		0	0
OPERATING INCOME	0	0	0			0		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
Reserve for leveraged leases	0	0	0			0		0		0	0
Equity in earnings of equity method investments	0	0	0			0		0		2	0
Other-net	0	0	0			0		0		(6)	0
Total other deductions - net	0	0	0			0		0		(4)	0
INCOME BEFORE INCOME TAXES	0	0	0			0		0		(4)	0
INCOME TAXES	0	0	0			0		0		(3)	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0			0		0		(1)	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0			0		0		0	0
NET INCOME (LOSS)	0	0	0			0		0		(1)	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3	3	1			(1)		0		13	(2)
DEDUCT:
Dividends	0	0	0			0		0		0	0
Other	0	0	0			0		0		0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$3	$3	$1			($1)		$0		$12	($2)

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)												12
ASSETS	CH POSDEF LP, Inc.	ESI Pittsylvania, Inc.		ESI Bay Area GP, Inc.	ESI Bay Area, Inc.		ESI Multitrade LP, Inc.		MES Financial Corp.			ESI LP, Inc. (Sky River)
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0		$0	$0		$0		$0			$0
Nuclear fuel under capital lease - net	0	0		0	0		0		0			0
Construction work in progress	0	0		0	0		0		0			0
Less accumulated depr. & amort.	0	0		0	0		0		0			0
Total prop., plant and eqpt.-net	0	0		0	0		0		0			0
CURRENT ASSETS
Cash and cash equivalents	0	0		0	0		0		0			0
Customer receivables - net	0	0		0	0		0		0			0
Other receivables	0	0		0	0		0		5			0
Mat'ls., supplies & fossil fuel inv.	0	0		0	0		0		0			0
Deferred clause expenses	0	0		0	0		0		0			0
Other	0	1		0	0		0		0			0
Total current assets	0	1		0	0		0		5			0
OTHER ASSETS:
Special use funds	0	0		0	0		0		0			0
Other investments	0	0		0	6		(4)		4			0
Other	0	0		0	0		0		0			0
Total other assets	0	0		0	6		(4)		4			0
TOTAL ASSETS	$0	$1		$0	$6		($4)		$9			$0
CAPITALIZATION
Common shareholders' equity	$9	$1		$0	$5		($7)		$9			$0
Pref. stk. of FPL w/o sinking fund require.	0	0		0	0		0		0			0
Long-term debt	0	0		0	0		0		0			0
Total capitalization	9	1		0	5		(7)		9			0
CURRENT LIABILITIES
Commercial paper	0	0		0	0		0		0			0
Note payable	0	0		0	0		0		0			0
Current maturities of long-term debt	0	0		0	0		0		0			0
Accounts payable	0	0		0	0		0		0			0
Customers' deposits	0	0		0	0		0		0			0
Accrued interest and taxes	0	0		0	0		0		0			0
Deferred clause revenues	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total current liabilities	0	0		0	0		0		0			0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(9)	0		0	1		3		0			0
Def. regulatory credit - income taxes	0	0		0	0		0		0			0
Unamortized investment tax credits	0	0		0	0		0		0			0
Storm and property insurance reserve	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total other liab. & def. credits	(9)	0		0	1		3		0			0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$1		$0	$6		($4)		$9			$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	CH POSDEF LP, Inc.	ESI Pittsylvania, Inc.	ESI Bay Area GP, Inc.			ESI Bay Area, Inc.		ESI Multitrade LP, Inc.		MES Financial Corp.	ESI LP, Inc. (Sky River)
OPERATING REVENUES	$0	$0	$0			$0		$0		$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0			0		0		0	0
Other operations and maintenance	0	0	0			0		0		0	0
Restructuring and impairment charges	0	0	0			0		0		0	0
Merger-related	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	0	0	0			0		0		0	0
OPERATING INCOME	0	0	0			0		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
Reserve for leveraged leases	0	0	0			0		0		0	0
Equity in earnings of equity method investments	10	0	0			3		2		0	0
Other-net	0	0	0			0		0		0	0
Total other deductions - net	10	0	0			3		2		0	0
INCOME BEFORE INCOME TAXES	10	0	0			3		2		0	0
INCOME TAXES	4	0	0			1		1		0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	6	0	0			2		1		0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0			0		0		0	0
NET INCOME (LOSS)	6	0	0			2		1		0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(1)	3	(3)			(4)		11		16	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	$5	$3	($3)			($2)		$12		$16	$0

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)												13
ASSETS	ESI Sky River, Inc.	ESI Brady, Inc.		ESI California Holdings, Inc.	ESI Montgomery County GP, Inc.		ESI Montgomery County, LLC		ESI Montgomery County LP, Inc.			ESI LP, Inc. (Brady)
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0		$0	$0		$0		$0			$0
Nuclear fuel under capital lease - net	0	0		0	0		0		0			0
Construction work in progress	0	0		0	0		0		0			0
Less accumulated depr. & amort.	0	0		0	0		0		0			0
Total prop., plant and eqpt.-net	0	0		0	0		0		0			0
CURRENT ASSETS
Cash and cash equivalents	0	0		0	0		0		0			0
Customer receivables - net	0	0		0	0		0		0			0
Other receivables	0	0		0	0		0		0			0
Mat'ls., supplies & fossil fuel inv.	0	0		0	0		0		0			0
Deferred clause expenses	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total current assets	0	0		0	0		0		0			0
OTHER ASSETS:
Special use funds	0	0		0	0		0		0			0
Other investments	3	0		(26)	0		(8)		0			0
Other	0	0		0	0		0		0			0
Total other assets	3	0		(26)	0		(8)		0			0
TOTAL ASSETS	$3	$0		($26)	$0		($8)		$0			$0
CAPITALIZATION
Common shareholders' equity	$0	$0		($26)	($19)		($8)		($15)			$0
Pref. stk. of FPL w/o sinking fund require.	0	0		0	0		0		0			0
Long-term debt	0	0		0	5		0		0			0
Total capitalization	0	0		(26)	(14)		(8)		(15)			0
CURRENT LIABILITIES
Commercial paper	0	0		0	0		0		0			0
Note payable	0	0		0	0		0		0			0
Current maturities of long-term debt	0	0		0	0		0		0			0
Accounts payable	0	0		0	0		0		0			0
Customers' deposits	0	0		0	0		0		0			0
Accrued interest and taxes	0	0		0	0		0		0			0
Deferred clause revenues	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total current liabilities	0	0		0	0		0		0			0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	3	0		0	14		0		15			0
Def. regulatory credit - income taxes	0	0		0	0		0		0			0
Unamortized investment tax credits	0	0		0	0		0		0			0
Storm and property insurance reserve	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total other liab. & def. credits	3	0		0	14		0		15			0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$3	$0		($26)	$0		($8)		$0			$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	ESI Sky River, Inc.	ESI Brady, Inc.	ESI California Holdings, Inc.			ESI Montgomery County GP, Inc.		ESI Montgomery County, LLC		ESI Montgomery County LP, Inc.	ESI LP, Inc. (Brady)
OPERATING REVENUES	$0	$0	$0			$0		$0		$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0			0		0		0	0
Other operations and maintenance	0	0	0			0		0		0	0
Restructuring and impairment charges	0	0	0			0		0		0	0
Merger-related	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	0	0	0			0		0		0	0
OPERATING INCOME	0	0	0			0		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
Reserve for leveraged leases	0	0	0			0		0		0	0
Equity in earnings of equity method investments	3	0	0			0		0		0	0
Other-net	(27)	0	0			0		0		(1)	0
Total other deductions - net	(24)	0	0			0		0		(1)	0
INCOME BEFORE INCOME TAXES	(24)	0	0			0		0		(1)	0
INCOME TAXES	(10)	0	0			0		0		0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(14)	0	0			0		0		(1)	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0			0		0		0	0
NET INCOME (LOSS)	(14)	0	0			0		0		(1)	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	45	(11)	0			(26)		0		0	(7)
DEDUCT:
Dividends	0	0	0			0		0		0	0
Other	0	0	0			0		0		0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$31	($11)	$0			($26)		$0		($1)	($7)

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)												14
ASSETS	ESI Calistoga GP, Inc.	ESI Calistoga LP, Inc.		ESI Silverado Holdings, LLC	Harper Lake Acquisitions, Inc.		Harper Lake Holdings, Inc.		ESI Altamont Acquisitions, Inc.			ESI Ormesa Holdings, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0		$0	$0		$0		$0			$0
Nuclear fuel under capital lease - net	0	0		0	0		0		0			0
Construction work in progress	0	0		0	0		0		0			0
Less accumulated depr. & amort.	0	0		0	0		0		0			0
Total prop., plant and eqpt.-net	0	0		0	0		0		0			0
CURRENT ASSETS
Cash and cash equivalents	0	0		0	0		0		0			0
Customer receivables - net	0	0		0	0		0		0			0
Other receivables	0	0		0	0		0		0			0
Mat'ls., supplies & fossil fuel inv.	0	0		0	0		0		0			0
Deferred clause expenses	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total current assets	0	0		0	0		0		0			0
OTHER ASSETS:
Special use funds	0	0		0	0		0		0			0
Other investments	0	0		0	0		0		17			0
Other	0	0		0	0		0		0			0
Total other assets	0	0		0	0		0		17			0
TOTAL ASSETS	$0	$0		$0	$0		$0		$17			$0
CAPITALIZATION
Common shareholders' equity	$0	$0		$0	$0		$0		$14			$0
Pref. stk. of FPL w/o sinking fund require.	0	0		0	0		0		0			0
Long-term debt	0	0		0	0		0		0			0
Total capitalization	0	0		0	0		0		14			0
CURRENT LIABILITIES
Commercial paper	0	0		0	0		0		0			0
Note payable	0	0		0	0		0		0			0
Current maturities of long-term debt	0	0		0	0		0		0			0
Accounts payable	0	0		0	0		0		0			0
Customers' deposits	0	0		0	0		0		0			0
Accrued interest and taxes	0	0		0	0		0		0			0
Deferred clause revenues	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total current liabilities	0	0		0	0		0		0			0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0		0	0		0		3			0
Def. regulatory credit - income taxes	0	0		0	0		0		0			0
Unamortized investment tax credits	0	0		0	0		0		0			0
Storm and property insurance reserve	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total other liab. & def. credits	0	0		0	0		0		3			0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0		$0	$0		$0		$17			$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	ESI Calistoga GP, Inc.	ESI Calistoga LP, Inc.	ESI Silverado Holdings, LLC			Harper Lake Acquisitions, Inc.		Harper Lake Holdings, Inc.		ESI Altamont Acquisitions, Inc.	ESI Ormesa Holdings, Inc.
OPERATING REVENUES	$0	$0	$0			$0		$0		$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0			0		0		0	0
Other operations and maintenance	0	0	0			0		0		0	0
Restructuring and impairment charges	0	0	0			0		0		0	0
Merger-related	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	0	0	0			0		0		0	0
OPERATING INCOME	0	0	0			0		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
Reserve for leveraged leases	0	0	0			0		0		0	0
Equity in earnings of equity method investments	0	0	0			0		0		3	0
Other-net	(1)	0	0			0		0		2	0
Total other deductions - net	(1)	0	0			0		0		5	0
INCOME BEFORE INCOME TAXES	(1)	0	0			0		0		5	0
INCOME TAXES	0	0	0			0		0		2	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(1)	0	0			0		0		3	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0			0		0		0	0
NET INCOME (LOSS)	(1)	0	0			0		0		3	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	9	0	0			0		0		11	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	$8	$0	$0			$0		$0		$14	$0

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)												15
ASSETS	ESI Northeast Energy GP, Inc.	ESI Northeast Energy LP, Inc.		ESI NE Energy Acquisition Funding, Inc.	Northern Cross Investments, Inc.		ESI Northeast Energy Funding, Inc.		Sullivan Street Investments, Inc.			ESI Tehachapi Acquisitions, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0		$0	$0		$0		$0			$0
Nuclear fuel under capital lease - net	0	0		0	0		0		0			0
Construction work in progress	0	0		0	0		0		0			0
Less accumulated depr. & amort.	0	0		0	0		0		0			0
Total prop., plant and eqpt.-net	0	0		0	0		0		0			0
CURRENT ASSETS
Cash and cash equivalents	0	0		0	0		0		0			0
Customer receivables - net	0	0		0	0		0		0			0
Other receivables	1	0		0	1		0		2			(1)
Mat'ls., supplies & fossil fuel inv.	0	0		0	0		0		0			0
Deferred clause expenses	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total current assets	1	0		0	1		0		2			(1)
OTHER ASSETS:
Special use funds	0	0		0	0		0		0			0
Other investments	2	81		0	17		0		36			16
Other	0	0		0	0		0		0			0
Total other assets	2	81		0	17		0		36			16
TOTAL ASSETS	$3	$81		$0	$18		$0		$38			$15
CAPITALIZATION
Common shareholders' equity	$1	$46		$0	$18		$0		$38			$5
Pref. stk. of FPL w/o sinking fund require.	0	0		0	0		0		0			0
Long-term debt	0	8		0	0		0		0			0
Total capitalization	1	54		0	18		0		38			5
CURRENT LIABILITIES
Commercial paper	0	0		0	0		0		0			0
Note payable	0	0		0	0		0		0			0
Current maturities of long-term debt	0	0		0	0		0		0			0
Accounts payable	0	0		0	0		0		0			0
Customers' deposits	0	0		0	0		0		0			0
Accrued interest and taxes	0	0		0	0		0		0			0
Deferred clause revenues	0	0		0	0		0		0			0
Other	1	0		0	0		0		0			0
Total current liabilities	1	0		0	0		0		0			0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	1	27		0	0		0		0			8
Def. regulatory credit - income taxes	0	0		0	0		0		0			0
Unamortized investment tax credits	0	0		0	0		0		0			0
Storm and property insurance reserve	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			2
Total other liab. & def. credits	1	27		0	0		0		0			10
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$3	$81		$0	$18		$0		$38			$15
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	ESI Northeast Energy GP, Inc.	ESI Northeast Energy LP, Inc.	ESI NE Energy Acquisition Funding, Inc.			Northern Cross Investments, Inc.		ESI Northeast Energy Funding, Inc.		Sullivan Street Investments, Inc.	ESI Tehachapi Acquisitions, Inc.
OPERATING REVENUES	$1	$0	$0			$0		$0		$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0			0		0		0	0
Other operations and maintenance	1	0	0			0		0		0	0
Restructuring and impairment charges	0	0	0			0		0		0	0
Merger-related	0	0	0			0		0		0	0
Depreciation & amortization	0	0	0			0		0		0	0
Taxes other than income taxes	0	1	0			0		0		0	0
Total operating expenses	1	1	0			0		0		0	0
OPERATING INCOME	0	(1)	0			0		0		0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	(2)	0			0		0		0	0
Preferred stock dividends - FPL	0	0	0			0		0		0	0
Reserve for leveraged leases	0	0	0			0		0		0	0
Equity in earnings of equity method investments	1	50	0			0		0		0	2
Other-net	(1)	1	0			3		0		3	0
Total other deductions - net	0	49	0			3		0		3	2
INCOME BEFORE INCOME TAXES	0	48	0			3		0		3	2
INCOME TAXES	0	18	0			1		0		1	(1)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	30	0			2		0		2	3
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0			0		0		0	0
NET INCOME (LOSS)	0	30	0			2		0		2	3
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0			5		0		47	2
DEDUCT:
Dividends	0	0	0			0		0		0	0
Other	0	0	0			0		0		0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$30	$0			$7		$0		$49	$5

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)											16
ASSETS	ESI Ormesa Holdings I LLC	Harper Lake Management, Inc.	ESI NE Fuel Management, Inc.		FPL Energy Geo East Mesa Partners, Inc.			ESI Ormesa Debt Holdings LLC	ESI Cannon Acquisitions LLC		Ridgetop Power Corporation
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0		$0			$0	$0		$0
Nuclear fuel under capital lease - net	0	0	0		0			0	0		0
Construction work in progress	0	0	0		0			0	0		0
Less accumulated depr. & amort.	0	0	0		0			0	0		0
Total prop., plant and eqpt.-net	0	0	0		0			0	0		0
CURRENT ASSETS
Cash and cash equivalents	0	0	0		0			0	0		0
Customer receivables - net	0	0	0		0			0	0		0
Other receivables	0	0	0		0			0	0		0
Mat'ls., supplies & fossil fuel inv.	0	0	0		0			0	0		0
Deferred clause expenses	0	0	0		0			0	0		0
Other	0	0	0		0			0	0		0
Total current assets	0	0	0		0			0	0		0
OTHER ASSETS:
Special use funds	0	0	0		0			0	0		0
Other investments	0	0	0		0			0	0		12
Other	0	0	0		0			0	0		0
Total other assets	0	0	0		0			0	0		12
TOTAL ASSETS	$0	$0	$0		$0			$0	$0		$12
CAPITALIZATION
Common shareholders' equity	$0	$0	$0		($3)			$0	$0		$8
Pref. stk. of FPL w/o sinking fund require.	0	0	0		0			0	0		0
Long-term debt	0	0	0		0			0	0		0
Total capitalization	0	0	0		(3)			0	0		8
CURRENT LIABILITIES
Commercial paper	0	0	0		0			0	0		0
Note payable	0	0	0		0			0	0		0
Current maturities of long-term debt	0	0	0		0			0	0		0
Accounts payable	0	0	0		0			0	0		0
Customers' deposits	0	0	0		0			0	0		0
Accrued interest and taxes	0	0	0		0			0	0		0
Deferred clause revenues	0	0	0		0			0	0		0
Other	0	0	0		3			0	0		0
Total current liabilities	0	0	0		3			0	0		0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0		0			0	0		4
Def. regulatory credit - income taxes	0	0	0		0			0	0		0
Unamortized investment tax credits	0	0	0		0			0	0		0
Storm and property insurance reserve	0	0	0		0			0	0		0
Other	0	0	0		0			0	0		0
Total other liab. & def. credits	0	0	0		0			0	0		4
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0		$0			$0	$0		$12
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	ESI Ormesa Holdings I LLC	Harper Lake Management, Inc.		ESI NE Fuel Management, Inc.		FPL Energy Geo East Mesa Partners, Inc.	ESI Ormesa Debt Holdings LLC			ESI Cannon Acquisitions LLC		Ridgetop Power Corporation
OPERATING REVENUES	$0	$0		$0		$0	$0			$0		$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0		0		0	0			0		0
Other operations and maintenance	0	0		0		0	0			0		0
Restructuring and impairment charges	0	0		0		0	0			0		0
Merger-related	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	0	0		0		0	0			0		0
OPERATING INCOME	0	0		0		0	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
Reserve for leveraged leases	0	0		0		0	0			0		0
Equity in earnings of equity method investments	0	0		0		(3)	0			0		1
Other-net	0	0		0		0	0			0		0
Total other deductions - net	0	0		0		(3)	0			0		1
INCOME BEFORE INCOME TAXES	0	0		0		(3)	0			0		1
INCOME TAXES	0	0		0		(1)	0			0		0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0		0		(2)	0			0		1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0		0		0	0			0		0
NET INCOME (LOSS)	0	0		0		(2)	0			0		1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0		1		(1)	1			0		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	$0	$0		$1		($3)	$1			$0		$1

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)												17
ASSETS		FPL Energy Pacific Crest Partner, LLC	FPL Energy East Mesa LLC	Doswell Funding Corporation		FPL Energy Doswell Holdings, Inc.		UFG Holdings, Inc.		ESI Cherokee County, L.P.		ESI Cherokee GP, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property		$0	$0	$0		$0		$0		$0		$0
Nuclear fuel under capital lease - net		0	0	0		0		0		0		0
Construction work in progress		0	0	0		0		0		0		0
Less accumulated depr. & amort.		0	0	0		0		0		0		0
Total prop., plant and eqpt.-net		0	0	0		0		0		0		0
CURRENT ASSETS
Cash and cash equivalents		0	4	0		0		0		0		0
Customer receivables - net		0	0	0		0		0		0		0
Other receivables		(1)	0	0		0		1		0		0
Mat'ls., supplies & fossil fuel inv.		0	0	0		0		0		0		0
Deferred clause expenses		0	0	0		0		0		0		0
Other		0	0	0		0		0		0		0
Total current assets		(1)	4	0		0		1		0		0
OTHER ASSETS:
Special use funds		0	0	0		0		0		0		0
Other investments		1	0	0		0		0		0		5
Other		0	0	0		0		0		0		0
Total other assets		1	0	0		0		0		0		5
TOTAL ASSETS		$0	$4	$0		$0		$1		$0		$5
CAPITALIZATION
Common shareholders' equity		($6)	$2	$0		$0		$3		$0		$5
Pref. stk. of FPL w/o sinking fund require.		0	0	0		0		0		0		0
Long-term debt		0	0	0		0		0		0		0
Total capitalization		(6)	2	0		0		3		0		5
CURRENT LIABILITIES
Commercial paper		0	0	0		0		0		0		0
Note payable		0	0	0		0		0		0		0
Current maturities of long-term debt		0	0	0		0		0		0		0
Accounts payable		0	0	0		0		0		0		0
Customers' deposits		0	0	0		0		0		0		0
Accrued interest and taxes		0	0	0		0		0		0		0
Deferred clause revenues		0	0	0		0		0		0		0
Other		0	2	0		0		1		0		0
Total current liabilities		0	2	0		0		1		0		0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes		6	0	0		0		(3)		0		0
Def. regulatory credit - income taxes		0	0	0		0		0		0		0
Unamortized investment tax credits		0	0	0		0		0		0		0
Storm and property insurance reserve		0	0	0		0		0		0		0
Other		0	0	0		0		0		0		0
Total other liab. & def. credits		6	0	0		0		(3)		0		0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES		$0	$4	$0		$0		$1		$0		$5
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	FPL Energy Pacific Crest Partner, LLC		FPL Energy East Mesa LLC		Doswell Funding Corporation		FPL Energy Doswell Holdings, Inc.		UFG Holdings, Inc.		ESI Cherokee County, L.P.		ESI Cherokee GP, Inc.
OPERATING REVENUES	$0		$0		$0		$0		$0		$0		$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0		0		0		0		0		0		0
Other operations and maintenance	0		0		0		0		0		0		0
Restructuring and impairment charges	0		0		0		0		0		0		0
Merger-related	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	0		0		0		0		0		0		0
OPERATING INCOME	0		0		0		0		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
Reserve for leveraged leases	0		0		0		0		0		0		0
Equity in earnings of equity method investments	1		2		0		0		0		0		2
Other-net	0		0		0		0		(7)		0		0
Total other deductions - net	1		2		0		0		(7)		0		2
INCOME BEFORE INCOME TAXES	1		2		0		0		(7)		0		2
INCOME TAXES	(1)		4		0		0		(3)		0		0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2		(2)		0		0		(4)		0		2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0		0		0		0		0		0		0
NET INCOME (LOSS)	2		(2)		0		0		(4)		0		2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	5		1		0		0		0		0		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		($1)		$0		$0		($4)		$0		$2

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)							18
ASSETS	ESI Cherokee Holdings, Inc.	ESI Cherokee LP, Inc.	ESI Cherokee MGP, Inc.	FPL Energy Mojave Operating Services, LLC	FPL Energy Morwind, LLC	FPL Energy Bastrop GP, Inc.	FPL Energy Bastrop LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	1	0	0	0
Customer receivables - net	0	0	0	0	0	0	0
Other receivables	0	0	0	0	0	(1)	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
Total current assets	0	0	0	1	0	(1)	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0
Other investments	1	0	0	0	9	1	130
Other	0	0	0	0	0	0	0
Total other assets	1	0	0	0	9	1	130
TOTAL ASSETS	$1	$0	$0	$1	$9	$0	$130
CAPITALIZATION
Common shareholders' equity	$1	$0	($2)	$1	$7	$0	$129
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0
Long-term debt	0	0	0	0	0	0	0
Total capitalization	1	0	(2)	1	7	0	129
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0
Note payable	0	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
Total current liabilities	0	0	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	2	0	2	0	1
Def. regulatory credit - income taxes	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
Total other liab. & def. credits	0	0	2	0	2	0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1	$0	$0	$1	$9	$0	$130
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	ESI Cherokee Holdings, Inc.	ESI Cherokee LP, Inc.	ESI Cherokee MGP, Inc.	FPL Energy Mojave Operating Services, LLC	FPL Energy Morwind, LLC	FPL Energy Bastrop GP, Inc.	FPL Energy Bastrop LP, LLC
OPERATING REVENUES	$0	$0	$0	$1	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0	0	0
Merger-related	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	1	0	0	0
Total operating expenses	0	0	0	1	0	0	0
OPERATING INCOME	0	0	0	0	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
Reserve for leveraged leases	0	0	0	0	0	0	0
Equity in earnings of equity method investments	0	0	(1)	0	1	(3)	(1)
Other-net	0	0	0	0	0	0	0
Total other deductions - net	0	0	(1)	0	1	(3)	(1)
INCOME BEFORE INCOME TAXES	0	0	(1)	0	1	(3)	(1)
INCOME TAXES	0	0	1	0	0	0	(2)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	(2)	0	1	(3)	1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0	0	0
NET INCOME (LOSS)	0	0	(2)	0	1	(3)	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	1	2	0	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	$0	$0	($2)	$1	$3	($3)	$1

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)											19
ASSETS	ESI Ormesa IH Equity LLC	FPL Energy Virginia Funding Corporation	FPL Energy Virginia Holdings, Inc.		FPL Energy Solar Funding Corp.		FPL Energy Island End GP, LLC			FPL Energy Construction Funding Holdings LLC	FPL Energy Construction Funding LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0		$0		$0			$0	$0
Nuclear fuel under capital lease - net	0	0	0		0		0			0	0
Construction work in progress	0	0	0		0		0			0	0
Less accumulated depr. & amort.	0	0	0		0		0			0	0
Total prop., plant and eqpt.-net	0	0	0		0		0			0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0		0		0			0	0
Customer receivables - net	0	0	0		0		0			0	0
Other receivables	0	35	0		0		0			0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0		0		0			0	0
Deferred clause expenses	0	0	0		0		0			0	0
Other	0	0	0		0		0			0	0
Total current assets	0	35	0		0		0			0	0
OTHER ASSETS:
Special use funds	0	0	0		0		0			0	0
Other investments	0	347	0		0		0			0	0
Other	0	3	0		0		0			0	0
Total other assets	0	350	0		0		0			0	0
TOTAL ASSETS	$0	$385	$0		$0		$0			$0	$0
CAPITALIZATION
Common shareholders' equity	$0	$0	$0		$0		$0			$0	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0		0		0			0	0
Long-term debt	0	347	0		0		0			0	0
Total capitalization	0	347	0		0		0			0	0
CURRENT LIABILITIES
Commercial paper	0	0	0		0		0			0	0
Note payable	0	0	0		0		0			0	0
Current maturities of long-term debt	0	35	0		0		0			0	0
Accounts payable	0	2	0		0		0			0	0
Customers' deposits	0	0	0		0		0			0	0
Accrued interest and taxes	0	1	0		0		0			0	0
Deferred clause revenues	0	0	0		0		0			0	0
Other	0	0	0		0		0			0	0
Total current liabilities	0	38	0		0		0			0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0		0		0			0	0
Def. regulatory credit - income taxes	0	0	0		0		0			0	0
Unamortized investment tax credits	0	0	0		0		0			0	0
Storm and property insurance reserve	0	0	0		0		0			0	0
Other	0	0	0		0		0			0	0
Total other liab. & def. credits	0	0	0		0		0			0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$385	$0		$0		$0			$0	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	ESI Ormesa IH Equity LLC	FPL Energy Virginia Funding Corporation		FPL Energy Virginia Holdings, Inc.		FPL Energy Solar Funding Corp.		FPL Energy Island End GP, LLC	FPL Energy Construction Funding Holdings LLC			FPL Energy Construction Funding LLC
OPERATING REVENUES	$0	$0		$0		$0		$0	$0			$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0		0		0		0	0			0
Other operations and maintenance	0	0		0		0		0	0			0
Restructuring and impairment charges	0	0		0		0		0	0			0
Merger-related	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	0	0		0		0		0	0			0
OPERATING INCOME	0	0		0		0		0	0			0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	(31)		0		0		0	0			0
Preferred stock dividends - FPL	0	0		0		0		0	0			0
Reserve for leveraged leases	0	0		0		0		0	0			0
Equity in earnings of equity method investments	0	0		0		0		0	0			0
Other-net	0	31		0		0		0	0			0
Total other deductions - net	0	0		0		0		0	0			0
INCOME BEFORE INCOME TAXES	0	0		0		0		0	0			0
INCOME TAXES	0	0		0		0		0	0			0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0		0		0		0	0			0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0		0		0		0	0			0
NET INCOME (LOSS)	0	0		0		0		0	0			0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0		0		0		0	0			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	$0	$0		$0		$0		$0	$0			$0

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)												20
ASSETS	Tower Associates, LLC	ESI Lake Benton Holdings, Inc.		FPL Energy Illinois Wind, LLC	Midway Power, LLC		FPL Energy North Dakota Wind, LLC		FPL Energy Oklahoma Wind, LLC			FPL Energy South Dakota Wind, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0		$0	$0		$0		$0			$0
Nuclear fuel under capital lease - net	0	0		0	0		0		0			0
Construction work in progress	0	0		0	0		0		0			0
Less accumulated depr. & amort.	0	0		0	0		0		0			0
Total prop., plant and eqpt.-net	0	0		0	0		0		0			0
CURRENT ASSETS
Cash and cash equivalents	0	0		0	0		0		0			0
Customer receivables - net	0	0		0	0		0		0			0
Other receivables	0	0		0	0		0		0			0
Mat'ls., supplies & fossil fuel inv.	0	0		0	0		0		0			0
Deferred clause expenses	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total current assets	0	0		0	0		0		0			0
OTHER ASSETS:
Special use funds	0	0		0	0		0		0			0
Other investments	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total other assets	0	0		0	0		0		0			0
TOTAL ASSETS	$0	$0		$0	$0		$0		$0			$0
CAPITALIZATION
Common shareholders' equity	$0	$0		$0	$0		$0		$0			$0
Pref. stk. of FPL w/o sinking fund require.	0	0		0	0		0		0			0
Long-term debt	0	0		0	0		0		0			0
Total capitalization	0	0		0	0		0		0			0
CURRENT LIABILITIES
Commercial paper	0	0		0	0		0		0			0
Note payable	0	0		0	0		0		0			0
Current maturities of long-term debt	0	0		0	0		0		0			0
Accounts payable	0	0		0	0		0		0			0
Customers' deposits	0	0		0	0		0		0			0
Accrued interest and taxes	0	0		0	0		0		0			0
Deferred clause revenues	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total current liabilities	0	0		0	0		0		0			0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0		0	0		0		0			0
Def. regulatory credit - income taxes	0	0		0	0		0		0			0
Unamortized investment tax credits	0	0		0	0		0		0			0
Storm and property insurance reserve	0	0		0	0		0		0			0
Other	0	0		0	0		0		0			0
Total other liab. & def. credits	0	0		0	0		0		0			0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0		$0	$0		$0		$0			$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Tower Associates, LLC	ESI Lake Benton Holdings, Inc.	FPL Energy Illinois Wind, LLC			Midway Power, LLC		FPL Energy North Dakota Wind, LLC		FPL Energy Oklahoma Wind, LLC	FPL Energy South Dakota Wind, LLC
OPERATING REVENUES	$0	$0	$4			$0		$0		$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0			0		0		0	0
Other operations and maintenance	0	0	0			0		0		0	0
Restructuring and impairment charges	0	0	0			0		0		0	0
Merger-related	0	0	0			0		0		0	0
Depreciation & amortization	0	0	2			0		0		0	0
Taxes other than income taxes	0	0	0			0		0		0	0
Total operating expenses	0	0	2			0		0		0	0
OPERATING INCOME	0	0	2			0		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
Reserve for leveraged leases	0	0	0			0		0		0	0
Equity in earnings of equity method investments	0	0	0			0		0		0	0
Other-net	0	0	0			0		0		0	0
Total other deductions - net	0	0	0			0		0		0	0
INCOME BEFORE INCOME TAXES	0	0	2			0		0		0	0
INCOME TAXES	0	0	0			0		0		0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	2			0		0		0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0			0		0		0	0
NET INCOME (LOSS)	0	0	2			0		0		0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0			0		0		0	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	$0	$0	$2			$0		$0		$0	$0

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)											21
ASSETS	FPL Energy Vansycle L.L.C.	Uinta County Holdings, LLC	Backbone Consolidated	Badger Windpower Consolidated		Bayswater Consolidated		Blythe Consolidated			Calhoun I Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$284	$0	$70	$32		$58		$0			$0
Nuclear fuel under capital lease - net	0	0	0	0		0		0			0
Construction work in progress	4	0	0	0		3		390			224
Less accumulated depr. & amort.	(15)	0	0	(3)		(1)		0			0
Total prop., plant and eqpt.-net	273	0	70	29		60		390			224
CURRENT ASSETS
Cash and cash equivalents	1	0	0	0		0		0			0
Customer receivables - net	1	0	0	1		2		0			0
Other receivables	0	0	0	(1)		0		0			0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0		1		0			0
Deferred clause expenses	0	0	0	0		0		0			0
Other	0	0	0	0		0		1			0
Total current assets	2	0	0	0		3		1			0
OTHER ASSETS:
Special use funds	0	0	0	0		0		0			0
Other investments	0	0	0	0		0		0			0
Other	0	0	1	0		0		0			0
Total other assets	0	0	1	0		0		0			0
TOTAL ASSETS	$275	$0	$71	$29		$63		$391			$224
CAPITALIZATION
Common shareholders' equity	$263	$0	$59	$24		$51		$388			$213
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0		0		0			0
Long-term debt	0	0	0	0		0		0			0
Total capitalization	263	0	59	24		51		388			213
CURRENT LIABILITIES
Commercial paper	0	0	0	0		0		0			0
Note payable	0	0	0	0		0		0			0
Current maturities of long-term debt	0	0	0	0		0		0			0
Accounts payable	2	0	0	0		0		0			0
Customers' deposits	0	0	0	0		0		0			0
Accrued interest and taxes	0	0	0	0		0		0			0
Deferred clause revenues	0	0	0	0		0		0			0
Other	10	0	12	0		6		8			11
Total current liabilities	12	0	12	0		6		8			11
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	5		6		(5)			0
Def. regulatory credit - income taxes	0	0	0	0		0		0			0
Unamortized investment tax credits	0	0	0	0		0		0			0
Storm and property insurance reserve	0	0	0	0		0		0			0
Other	0	0	0	0		0		0			0
Total other liab. & def. credits	0	0	0	5		6		(5)			0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$275	$0	$71	$29		$63		$391			$224
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	FPL Energy Vansycle L.L.C.	Uinta County Holdings, LLC	Backbone Consolidated		Badger Windpower Consolidated		Bayswater Consolidated		Blythe Consolidated	Calhoun I Consolidated
OPERATING REVENUES	$13	$0	$0		$5		$6		$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0		0		0		0	0
Other operations and maintenance	5	0	0		2		1		1	0
Restructuring and impairment charges	0	0	0		0		0		0	0
Merger-related	0	0	0		0		0		0	0
Depreciation & amortization	12	0	0		1		1		0	0
Taxes other than income taxes	2	0	0		0		0		0	0
Total operating expenses	19	0	0		3		2		1	0
OPERATING INCOME	(6)	0	0		2		4		(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
Reserve for leveraged leases	0	0	0		0		0		0	0
Equity in earnings of equity method investments	0	0	0		0		0		0	0
Other-net	1	0	0		0		0		(2)	0
Total other deductions - net	1	0	0		0		0		(2)	0
INCOME BEFORE INCOME TAXES	(5)	0	0		2		4		(3)	0
INCOME TAXES	0	0	0		0		2		0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(5)	0	0		2		2		(3)	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0		0		0		0	0
NET INCOME (LOSS)	(5)	0	0		2		2		(3)	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(1)	0	0		1		0		0	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	($6)	$0	$0		$3		$2		($3)	$0

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)							22
ASSETS	Delaware Mountain Consolidated	Doswell Consolidated	Forney Consolidated	Gray County Wind Consolidated	Hancock County Consolidated	Hawkeye Power Consolidated	High Winds Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$19	$463	$0	$102	$94	$43	$0
Nuclear fuel under capital lease - net	0	0	0	0	0	0	0
Construction work in progress	0	0	755	0	0	0	16
Less accumulated depr. & amort.	0	(129)	0	(6)	0	(7)	0
Total prop., plant and eqpt.-net	19	334	755	96	94	36	16
CURRENT ASSETS
Cash and cash equivalents	0	11	0	1	0	1	0
Customer receivables - net	0	27	0	1	0	1	0
Other receivables	0	4	2	(6)	0	(2)	0
Mat'ls., supplies & fossil fuel inv.	0	6	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0
Other	0	1	1	0	0	0	0
Total current assets	0	49	3	(4)	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0
Other investments	0	0	0	0	0	0	0
Other	0	11	1	0	3	0	3
Total other assets	0	11	1	0	3	0	3
TOTAL ASSETS	$19	$394	$759	$92	$97	$36	$19
CAPITALIZATION
Common shareholders' equity	$16	($29)	$745	$73	$77	$26	$9
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0
Long-term debt	0	347	0	0	0	0	0
Total capitalization	16	318	745	73	77	26	9
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0
Note payable	0	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0	0
Accounts payable	0	6	1	0	4	0	0
Customers' deposits	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0
Other	0	39	10	0	16	0	10
Total current liabilities	0	45	11	0	20	0	10
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	2	26	3	18	0	10	0
Def. regulatory credit - income taxes	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0
Other	1	5	0	1	0	0	0
Total other liab. & def. credits	3	31	3	19	0	10	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$19	$394	$759	$92	$97	$36	$19
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Delaware Mountain Consolidated	Doswell Consolidated	Forney Consolidated	Gray County Wind Consolidated	Hancock County Consolidated	Hawkeye Power Consolidated	High Winds Consolidated
OPERATING REVENUES	$0	$198	$0	$9	$0	$5	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	102	0	0	0	0	0
Other operations and maintenance	0	10	1	1	0	2	0
Restructuring and impairment charges	0	0	0	0	0	0	0
Merger-related	0	0	0	0	0	0	0
Depreciation & amortization	0	13	0	5	0	1	0
Taxes other than income taxes	0	2	0	0	0	0	0
Total operating expenses	0	127	1	6	0	3	0
OPERATING INCOME	0	71	(1)	3	0	2	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	(31)	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0	0	0
Other-net	0	0	0	0	0	0	0
Total other deductions - net	0	(31)	0	0	0	0	0
INCOME BEFORE INCOME TAXES	0	40	(1)	3	0	2	0
INCOME TAXES	0	16	0	(5)	0	(1)	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	24	(1)	8	0	3	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	(17)	0	0	0	0	0
NET INCOME (LOSS)	0	7	(1)	8	0	3	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	116	0	1	0	8	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	$0	$123	($1)	$9	$0	$11	$0

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)							23
ASSETS	Indian Mesa Consolidated	Jamaica Bay Consolidated	Lake Benton Consolidated	LSP VIII LP Consolidated	LSP IX LP Consolidated	MH50 Consolidated	MH700 Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$82	$0	$119	$0	$0	$18	$0
Nuclear fuel under capital lease - net	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	330
Less accumulated depr. & amort.	(2)	0	(15)	0	0	(4)	0
Total prop., plant and eqpt.-net	80	0	104	0	0	14	330
CURRENT ASSETS
Cash and cash equivalents	0	0	1	0	0	2	0
Customer receivables - net	1	0	1	0	0	0	0
Other receivables	(1)	0	(5)	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0	1	0
Deferred clause expenses	0	0	0	0	0	0	0
Other	0	0	1	0	0	0	0
Total current assets	0	0	(2)	0	0	3	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0
Other investments	0	0	0	7	13	0	0
Other	3	8	0	0	0	0	0
Total other assets	3	8	0	7	13	0	0
TOTAL ASSETS	$83	$8	$102	$7	$13	$17	$330
CAPITALIZATION
Common shareholders' equity	$70	$8	$68	($17)	($20)	$5	$304
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0
Long-term debt	0	0	0	0	0	10	0
Total capitalization	70	8	68	(17)	(20)	15	304
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0
Note payable	0	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0
Other	0	0	1	1	2	1	26
Total current liabilities	0	0	1	1	2	1	26
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	7	0	20	23	31	0	0
Def. regulatory credit - income taxes	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0
Other	6	0	13	0	0	1	0
Total other liab. & def. credits	13	0	33	23	31	1	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$83	$8	$102	$7	$13	$17	$330
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Indian Mesa Consolidated	Jamaica Bay Consolidated	Lake Benton Consolidated	LSP VIII LP Consolidated	LSP IX LP Consolidated	MH50 Consolidated	MH700 Consolidated
OPERATING REVENUES	$2	$0	$9	$1	$1	$27	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	23	0
Other operations and maintenance	0	0	3	0	0	2	0
Restructuring and impairment charges	0	0	0	0	0	0	0
Merger-related	0	0	0	0	0	0	0
Depreciation & amortization	2	0	6	0	0	1	0
Taxes other than income taxes	1	0	0	0	0	0	0
Total operating expenses	3	0	9	0	0	26	0
OPERATING INCOME	(1)	0	0	1	1	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	(1)	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	4	4	0	0
Other-net	0	0	0	0	0	0	0
Total other deductions - net	0	0	0	4	4	(1)	0
INCOME BEFORE INCOME TAXES	(1)	0	0	5	5	0	0
INCOME TAXES	(2)	0	(6)	2	2	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	0	6	3	3	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	(5)	0	0	0	0
NET INCOME (LOSS)	1	0	1	3	3	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	7	9	6	(2)	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	$1	$0	$8	$12	$9	($2)	$0

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)							24
ASSETS	Mojave Consolidated	New Mexico Consolidated	Ormesa IE Consolidated	Operating Services Consolidated	Paris Consolidated	Pecos Wind I Consolidated	Pennsylvania Windfarms Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$452	$150	$2
Nuclear fuel under capital lease - net	0	0	0	0	0	0	0
Construction work in progress	0	1	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	(35)	(12)	0
Total prop., plant and eqpt.-net	0	1	0	0	417	138	2
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	15	1	1
Customer receivables - net	0	0	0	0	0	1	0
Other receivables	1	0	0	11	56	(5)	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	27	0	0
Deferred clause expenses	0	0	0	0	0	0	0
Other	0	0	0	0	1	0	0
Total current assets	1	0	0	11	99	(3)	1
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0
Other investments	9	0	0	0	0	0	0
Other	0	1	0	1	0	0	1
Total other assets	9	1	0	1	0	0	1
TOTAL ASSETS	$10	$2	$0	$12	$516	$135	$4
CAPITALIZATION
Common shareholders' equity	$10	$2	$0	$6	$445	$109	$3
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0
Long-term debt	0	0	0	0	0	0	0
Total capitalization	10	2	0	6	445	109	3
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0
Note payable	0	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	6	1	0
Deferred clause revenues	0	0	0	0	0	0	0
Other	0	0	0	4	14	0	1
Total current liabilities	0	0	0	4	20	1	1
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	2	19	25	0
Def. regulatory credit - income taxes	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0
Other	0	0	0	0	32	0	0
Total other liab. & def. credits	0	0	0	2	51	25	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$10	$2	$0	$12	$516	$135	$4
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Mojave Consolidated	New Mexico Consolidated	Ormesa IE Consolidated	Operating Services Consolidated	Paris Consolidated	Pecos Wind I Consolidated	Pennsylvania Windfarms Consolidated
OPERATING REVENUES	$1	$0	$0	$7	$295	$8	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	211	1	0
Other operations and maintenance	1	0	0	0	24	1	0
Restructuring and impairment charges	0	0	0	0	0	0	0
Merger-related	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	15	8	0
Taxes other than income taxes	0	0	0	0	5	2	0
Total operating expenses	1	0	0	0	255	12	0
OPERATING INCOME	0	0	0	7	40	(4)	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0	0	0
Equity in earnings of equity method investments	4	0	0	0	0	0	0
Other-net	0	0	0	0	(2)	0	0
Total other deductions - net	4	0	0	0	(2)	0	0
INCOME BEFORE INCOME TAXES	4	0	0	7	38	(4)	0
INCOME TAXES	0	0	0	3	12	(7)	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	4	0	0	4	26	3	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0	0	0
NET INCOME (LOSS)	4	0	0	4	26	3	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	14	0	0	12	34	3	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	$18	$0	$0	$16	$60	$6	$0

ESI ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					25
ASSETS	Rhode Island Consolidated	Seabrook Consolidated	Upton Wind Consolidated	Vansycle Consolidated	West Texas Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$717	$284	$28	$77
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	16	0	0	0
Less accumulated depr. & amort.	0	(3)	(17)	(6)	(14)
Total prop., plant and eqpt.-net	0	730	267	22	63
CURRENT ASSETS
Cash and cash equivalents	0	0	4	0	0
Customer receivables - net	0	3	1	1	1
Other receivables	28	66	(9)	(1)	(3)
Mat'ls., supplies & fossil fuel inv.	0	105	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	17	24	0	0	0
Total current assets	45	198	(4)	0	(2)
OTHER ASSETS:
Special use funds	0	229	0	0	0
Other investments	0	(229)	0	0	0
Other	0	238	7	0	0
Total other assets	0	238	7	0	0
TOTAL ASSETS	$45	$1,166	$270	$22	$61
CAPITALIZATION
Common shareholders' equity	$1	$976	$214	$15	$3
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	36
Total capitalization	1	976	214	15	39
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	25	0	4	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	18	26	1	0	3
Total current liabilities	43	26	5	0	3
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	(7)	51	7	19
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	1	171	0	0	0
Total other liab. & def. credits	1	164	51	7	19
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$45	$1,166	$270	$22	$61
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Rhode Island Consolidated	Seabrook Consolidated	Upton Wind Consolidated	Vansycle Consolidated	West Texas Consolidated
OPERATING REVENUES	$33	$63	$14	$4	$6
OPERATING EXPENSES
Fuel, purchased power & interchange	26	6	2	0	0
Other operations and maintenance	6	28	6	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	5	15	2	4
Taxes other than income taxes	0	3	1	0	2
Total operating expenses	32	42	24	2	6
OPERATING INCOME	1	21	(10)	2	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	(3)
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	1	0	(1)	0
Total other deductions - net	0	1	0	(1)	(3)
INCOME BEFORE INCOME TAXES	1	22	(10)	1	(3)
INCOME TAXES	3	7	(11)	(1)	(4)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(2)	15	1	2	1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	(2)	15	1	2	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	6	3
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($2)	$15	$1	$8	$4

BACKBONE WINDPOWER HOLDINGS, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				26
ASSETS	Backbone Consolidated	Elims	Backbone Windpower Holdings, LLC	Backbone Mountain Windpower LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$70	$0	$0	$70
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	70	0	0	70
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	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	(59)	59	0
Other	1	0	0	1
Total other assets	1	(59)	59	1
TOTAL ASSETS	$71	($59)	$59	$71
CAPITALIZATION
Common shareholders' equity	$59	($59)	$59	$59
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	59	(59)	59	59
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	12	0	0	12
Total current liabilities	12	0	0	12
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	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	$71	($59)	$59	$71
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Backbone Consolidated	Elims	Backbone Windpower Holdings, LLC	Backbone Mountain Windpower 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 and impairment charges	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	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
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. 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

BADGER WINDPOWER HOLDINGS, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				27
ASSETS	Badger Windpower Consolidated	Elims	Badger Windpower Holdings, LLC	Badger Windpower, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$32	$0	$0	$32
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	(3)	0	0	(3)
Total prop., plant and eqpt.-net	29	0	0	29
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	1	0	0	1
Other receivables	(1)	0	(1)	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	(1)	1
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(30)	30	0
Other	0	0	0	0
Total other assets	0	(30)	30	0
TOTAL ASSETS	$29	($30)	$29	$30
CAPITALIZATION
Common shareholders' equity	$24	($30)	$24	$30
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	24	(30)	24	30
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	5	0	5	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	5	0	5	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$29	($30)	$29	$30
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Badger Windpower Consolidated	Elims	Badger Windpower Holdings, LLC	Badger Windpower, LLC
OPERATING REVENUES	$5	$0	$0	$5
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	2	0	0	2
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	1	0	0	1
Taxes other than income taxes	0	0	0	0
Total operating expenses	3	0	0	3
OPERATING INCOME	2	0	0	2
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	(2)	2	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	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	(2)	2	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	2	(2)	2	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	1	(1)	1	1
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$3	($3)	$3	$3

BAYSWATER PEAKING FACILITY, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				28
ASSETS	Bayswater Consolidated	Elims	FPL Energy New York, LLC (Bayswater)	Bayswater Peaking Facility, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$58	$0	$0	$58
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	3	0	0	3
Less accumulated depr. & amort.	(1)	0	0	(1)
Total prop., plant and eqpt.-net	60	0	0	60
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	2	0	0	2
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	1	0	0	1
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	3	0	0	3
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(58)	58	0
Other	0	0	0	0
Total other assets	0	(58)	58	0
TOTAL ASSETS	$63	($58)	$58	$63
CAPITALIZATION
Common shareholders' equity	$51	($58)	$51	$58
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	51	(58)	51	58
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	6	0	1	5
Total current liabilities	6	0	1	5
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	6	0	6	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	6	0	6	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$63	($58)	$58	$63
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Bayswater Consolidated	Elims	FPL Energy New York, LLC (Bayswater)	Bayswater Peaking Facility, LLC
OPERATING REVENUES	$6	$0	$0	$6
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	1	0	0	1
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	1	0	0	1
Taxes other than income taxes	0	0	0	0
Total operating expenses	2	0	0	2
OPERATING INCOME	4	0	0	4
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	(4)	4	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	(4)	4	0
INCOME BEFORE INCOME TAXES	4	(4)	4	4
INCOME TAXES	2	0	2	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	(4)	2	4
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	2	(4)	2	4
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	$2	($4)	$2	$4

BLYTHE ENERGY ACQUISITIONS, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					29
ASSETS	Blythe Consolidated	Elim	FPL Energy Blythe, LLC	Blythe Energy Acquisitions, LLC	Blythe Energy, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	390	0	3	1	386
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	390	0	3	1	386
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
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	1	0	0	0	1
Total current assets	1	0	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(761)	379	382	0
Other	0	0	0	0	0
Total other assets	0	(761)	379	382	0
TOTAL ASSETS	$391	($761)	$382	$383	$387
CAPITALIZATION
Common shareholders' equity	$388	($761)	$382	$388	$379
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	388	(761)	382	388	379
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	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
Deferred clause revenues	0	0	0	0	0
Other	8	0	0	0	8
Total current liabilities	8	0	0	0	8
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(5)	0	0	(5)	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	(5)	0	0	(5)	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$391	($761)	$382	$383	$387
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Blythe Consolidated	Elim	FPL Energy Blythe, LLC	Blythe Energy Acquisitions, LLC	Blythe Energy, LLC
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	1	0	0	0	1
Restructuring and impairment charges	0	0	0	0	0
Merger-related	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	(1)	0	0	0	(1)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	6	(3)	(3)	0
Other-net	(2)	0	0	0	(2)
Total other deductions - net	(2)	6	(3)	(3)	(2)
INCOME BEFORE INCOME TAXES	(3)	6	(3)	(3)	(3)
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(3)	6	(3)	(3)	(3)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	(3)	6	(3)	(3)	(3)
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	($3)	$6	($3)	($3)	($3)

CALHOUN POWER COMPANY I, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				30
ASSETS	Calhoun I Consolidated	Elim	Calhoun Power Company I, LLC	OTG, LLC (Calhoun I)
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	224	0	220	4
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	224	0	220	4
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	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	(209)	0	209
Other	0	0	0	0
Total other assets	0	(209)	0	209
TOTAL ASSETS	$224	($209)	$220	$213
CAPITALIZATION
Common shareholders' equity	$213	($209)	$209	$213
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	213	(209)	209	213
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	11	0	11	0
Total current liabilities	11	0	11	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	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	$224	($209)	$220	$213
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Calhoun I Consolidated	Elim	Calhoun Power Company I, LLC	OTG, LLC (Calhoun I)
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 and impairment charges	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	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
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. 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 DELAWARE MOUNTAIN GP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ 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
Elec. utility plant in ser. & other property	$19	$0	$0	$0	$19
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	19	0	0	0	19
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
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	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	0	(18)	0	18	0
Other	0	0	0	0	0
Total other assets	0	(18)	0	18	0
TOTAL ASSETS	$19	($18)	$0	$18	$19
CAPITALIZATION
Common shareholders' equity	$16	($18)	($2)	$18	$18
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	16	(18)	(2)	18	18
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	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
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	2	0	2	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	1	0	0	0	1
Total other liab. & def. credits	3	0	2	0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$19	($18)	$0	$18	$19
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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	$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 and impairment charges	0	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	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
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0
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	$0	$0	$0	$0	$0

ESI DOSWELL GP, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)						32
ASSETS	Doswell Consolidated	Elims	Doswell Limited Partnership	ESI LP, Inc. (Doswell)	ESI Doswell GP, Inc.	Doswell I, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$463	$0	$463	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depr. & amort.	(129)	0	(129)	0	0	0
Total prop., plant and eqpt.-net	334	0	334	0	0	0
CURRENT ASSETS
Cash and cash equivalents	11	0	11	0	0	0
Customer receivables - net	27	0	27	0	0	0
Other receivables	4	(1)	5	0	0	0
Mat'ls., supplies & fossil fuel inv.	6	0	6	0	0	0
Deferred clause expenses	0	0	0	0	0	0
Other	1	0	1	0	0	0
Total current assets	49	(1)	50	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	(12)	0	(18)	15	15
Other	11	0	11	0	0	0
Total other assets	11	(12)	11	(18)	15	15
TOTAL ASSETS	$394	($13)	$395	($18)	$15	$15
CAPITALIZATION
Common shareholders' equity	($29)	($12)	($3)	($18)	($11)	$15
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0
Long-term debt	347	0	347	0	0	0
Total capitalization	318	(12)	344	(18)	(11)	15
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Note payable	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0
Accounts payable	6	(1)	7	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0
Other	39	0	39	0	0	0
Total current liabilities	45	(1)	46	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	26	0	0	0	26	0
Def. regulatory credit - income taxes	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0
Other	5	0	5	0	0	0
Total other liab. & def. credits	31	0	5	0	26	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$394	($13)	$395	($18)	$15	$15
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Doswell Consolidated	Elims	Doswell Limited Partnership	ESI LP, Inc. (Doswell)	ESI Doswell GP, Inc.	Doswell I, Inc.
OPERATING REVENUES	$198	($1)	$198	$0	$0	$1
OPERATING EXPENSES
Fuel, purchased power & interchange	102	0	102	0	0	0
Other operations and maintenance	10	(1)	12	0	(1)	0
Restructuring and impairment charges	0	0	0	0	0	0
Merger-related	0	0	0	0	0	0
Depreciation & amortization	13	0	13	0	0	0
Taxes other than income taxes	2	0	2	0	0	0
Total operating expenses	127	(1)	129	0	(1)	0
OPERATING INCOME	71	0	69	0	1	1
OTHER INCOME (DEDUCTIONS):
Interest charges	(31)	0	(31)	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0	0
Equity in earnings of equity method investments	0	(36)	0	35	1	0
Other-net	0	0	0	0	0	0
Total other deductions - net	(31)	(36)	(31)	35	1	0
INCOME BEFORE INCOME TAXES	40	(36)	38	35	2	1
INCOME TAXES	16	0	0	16	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	24	(36)	38	19	2	1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($12)	(17)	0	0	3	(20)	0
NET INCOME (LOSS)	7	(36)	38	22	(18)	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	116	(67)	95	95	23	(30)
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$123	($103)	$133	$117	$5	($29)

FPL ENERGY FORNEY, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)						33
ASSETS	Forney Consolidated	Elims	FPLE Forney, L.P.	FPLE Forney Pipeline, L.P.	FPL Energy Forney, Inc.	FPL Energy Forney, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0	0
Construction work in progress	755	0	722	0	33	0
Less accumulated depr. & amort.	0	0	0	0	0	0
Total prop., plant and eqpt.-net	755	0	722	0	33	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0
Other receivables	2	0	2	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0
Other	1	0	1	0	0	0
Total current assets	3	0	3	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	(708)	0	0	7	701
Other	1	0	1	0	0	0
Total other assets	1	(708)	1	0	7	701
TOTAL ASSETS	$759	($708)	$726	$0	$40	$701
CAPITALIZATION
Common shareholders' equity	$745	($708)	$715	$0	$37	$701
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0
Long-term debt	0	0	0	0	0	0
Total capitalization	745	(708)	715	0	37	701
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Note payable	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0
Accounts payable	1	0	1	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0
Other	10	0	10	0	0	0
Total current liabilities	11	0	11	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	3	0	0	0	3	0
Def. regulatory credit - income taxes	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other liab. & def. credits	3	0	0	0	3	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$759	($708)	$726	$0	$40	$701
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Forney Consolidated	Elims	FPLE Forney, L.P.	FPLE Forney Pipeline, L.P.	FPL Energy Forney, Inc.	FPL Energy Forney, LLC
OPERATING REVENUES	$0	$0	($1)	$0	$1	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	1	0	1	0	0	0
Restructuring and impairment charges	0	0	0	0	0	0
Merger-related	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	1	0	0	0
OPERATING INCOME	(1)	0	(2)	0	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0	0
Equity in earnings of equity method investments	0	2	0	0	0	(2)
Other-net	0	0	0	0	0	0
Total other deductions - net	0	2	0	0	0	(2)
INCOME BEFORE INCOME TAXES	(1)	2	(2)	0	1	(2)
INCOME TAXES	0	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(1)	2	(2)	0	1	(2)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0	0
NET INCOME (LOSS)	(1)	2	(2)	0	1	(2)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	1	(1)	0	1	(1)
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($1)	$3	($3)	$0	$2	($3)

FPL ENERGY GRAY COUNTY WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				34
ASSETS	Gray County Wind Consolidated	Elims	Gray County Wind Energy, LLC	FPL Energy Gray County Wind, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$102	$0	$102	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	(6)	0	(6)	0
Total prop., plant and eqpt.-net	96	0	96	0
CURRENT ASSETS
Cash and cash equivalents	1	0	1	0
Customer receivables - net	1	0	1	0
Other receivables	(6)	0	0	(6)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	(4)	0	2	(6)
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(97)	0	97
Other	0	0	0	0
Total other assets	0	(97)	0	97
TOTAL ASSETS	$92	($97)	$98	$91
CAPITALIZATION
Common shareholders' equity	$73	($97)	$97	$73
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	73	(97)	97	73
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	18	0	0	18
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	1	0	1	0
Total other liab. & def. credits	19	0	1	18
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$92	($97)	$98	$91
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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	1	0	1	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	5	0	5	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	6	0	6	0
OPERATING INCOME	3	0	3	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	(3)	0	3
Total other deductions - net	0	(3)	0	3
INCOME BEFORE INCOME TAXES	3	(3)	3	3
INCOME TAXES	(5)	0	0	(5)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	8	(3)	3	8
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXEs	0	0	0	0
NET INCOME (LOSS)	8	(3)	3	8
RET. EARNINGS (DEF.) AT BEG. OF YEAR	1	0	0	1
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$9	($3)	$3	$9

FPL ENERGY HANCOCK COUNTY WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				35
ASSETS	Hancock County Consolidated	Elims	FPL Energy Hancock County Wind, LLC	FPL Energy Hancock County Wind Farm, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$94	$0	$0	$94
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	94	0	0	94
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	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	(78)	78	0
Other	3	0	0	3
Total other assets	3	(78)	78	3
TOTAL ASSETS	$97	($78)	$78	$97
CAPITALIZATION
Common shareholders' equity	$77	($78)	$78	$77
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	77	(78)	78	77
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	4	0	0	4
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	16	0	0	16
Total current liabilities	20	0	0	20
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	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	$97	($78)	$78	$97
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Hancock County Consolidated	Elims	FPL Energy Hancock County Wind, LLC	FPL Energy Hancock County Wind Farm, 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 and impairment charges	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	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
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. 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

ESI HAWKEYE POWER, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				36
ASSETS	Hawkeye Power Consolidated	Elims	Hawkeye Power Partners, LLC	ESI Hawkeye Power, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$43	$0	$43	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	(7)	0	(7)	0
Total prop., plant and eqpt.-net	36	0	36	0
CURRENT ASSETS
Cash and cash equivalents	1	0	1	0
Customer receivables - net	1	0	1	0
Other receivables	(2)	0	0	(2)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	2	(2)
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(38)	0	38
Other	0	0	0	0
Total other assets	0	(38)	0	38
TOTAL ASSETS	$36	($38)	$38	$36
CAPITALIZATION
Common shareholders' equity	$26	($38)	$38	$26
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	26	(38)	38	26
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	10	0	0	10
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	10	0	0	10
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$36	($38)	$38	$36
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Hawkeye Power Consolidated	Elims	Hawkeye Power Partners, LLC	ESI Hawkeye Power, LLC
OPERATING REVENUES	$5	$0	$5	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	2	0	2	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	1	0	1	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	3	0	3	0
OPERATING INCOME	2	0	2	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	(2)	0	2
Other-net	0	0	0	0
Total other deductions - net	0	(2)	0	2
INCOME BEFORE INCOME TAXES	2	(2)	2	2
INCOME TAXES	(1)	0	0	(1)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	(2)	2	3
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXEs	0	0	0	0
NET INCOME (LOSS)	3	(2)	2	3
RET. EARNINGS (DEF.) AT BEG. OF YEAR	8	(4)	4	8
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$11	($6)	$6	$11

HIGH WINDS HOLDINGS, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				37
ASSETS	High Winds Consolidated	Elims	High Winds Holdings, LLC	High Winds, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	16	0	0	16
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	16	0	0	16
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	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	(6)	6	0
Other	3	0	3	0
Total other assets	3	(6)	9	0
TOTAL ASSETS	$19	($6)	$9	$16
CAPITALIZATION
Common shareholders' equity	$9	($6)	$9	$6
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	9	(6)	9	6
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	10	0	0	10
Total current liabilities	10	0	0	10
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	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	$19	($6)	$9	$16
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	High Winds Consolidated	Elims	High Winds Holdings, LLC	High Winds, 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 and impairment charges	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	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
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. 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 INDIAN MESA GP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					38
ASSETS	Indian Mesa Consolidated	Elims	FPL Energy Indian Mesa GP, LLC	FPL Energy Indian Mesa LP, LLC	NWP Indian Mesa Wind Farm, L.P.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$82	$0	$0	$0	$82
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(2)	0	0	0	(2)
Total prop., plant and eqpt.-net	80	0	0	0	80
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	0	0	1
Other receivables	(1)	0	(1)	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	(1)	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(78)	1	77	0
Other	3	0	0	0	3
Total other assets	3	(78)	1	77	3
TOTAL ASSETS	$83	($78)	$0	$77	$84
CAPITALIZATION
Common shareholders' equity	$70	($78)	($7)	$77	$78
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	70	(78)	(7)	77	78
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	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
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	7	0	7	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	6	0	0	0	6
Total other liab. & def. credits	13	0	7	0	6
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$83	($78)	$0	$77	$84
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Indian Mesa Consolidated	Elims	FPL Energy Indian Mesa GP, LLC	FPL Energy Indian Mesa LP, LLC	NWP Indian Mesa Wind Farm, L.P.
OPERATING REVENUES	$2	$0	$0	$0	$2
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	2	0	0	0	2
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
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	1	0	(1)	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	0	(2)	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	1	0	1	(1)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXEs	0	0	0	0	0
NET INCOME (LOSS)	1	1	0	1	(1)
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	$1	$1	$0	$1	($1)

JAMAICA BAY PEAKING FACILITY, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				39
ASSETS	Jamaica Bay Consolidated	Elims	FPL Energy New York, LLC (Jamaica Bay)	Jamaica Bay Peaking Facility, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-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
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	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
Other	8	0	8	0
Total other assets	8	0	8	0
TOTAL ASSETS	$8	$0	$8	$0
CAPITALIZATION
Common shareholders' equity	$8	$0	$8	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	8	0	8	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	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	$8	$0	$8	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Jamaica Bay Consolidated	Elims	FPL Energy New York, LLC (Jamaica Bay)	Jamaica Bay Peaking Facility, 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 and impairment charges	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	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
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. 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 LAKE BENTON ACQUISITIONS, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				40
ASSETS	Lake Benton Consolidated	Elims	Lake Benton Power Partners II, LLC	FPL Energy Lake Benton Acquisitions, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$119	$0	$119	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	(15)	0	(15)	0
Total prop., plant and eqpt.-net	104	0	104	0
CURRENT ASSETS
Cash and cash equivalents	1	0	1	0
Customer receivables - net	1	0	1	0
Other receivables	(5)	0	0	(5)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	1	0	1	0
Total current assets	(2)	0	3	(5)
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(93)	0	93
Other	0	0	0	0
Total other assets	0	(93)	0	93
TOTAL ASSETS	$102	($93)	$107	$88
CAPITALIZATION
Common shareholders' equity	$68	($93)	$93	$68
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	68	(93)	93	68
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	1	0	1	0
Total current liabilities	1	0	1	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	20	0	0	20
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	13	0	13	0
Total other liab. & def. credits	33	0	13	20
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$102	($93)	$107	$88
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Lake Benton Consolidated	Elims	Lake Benton Power Partners II, LLC	FPL Energy Lake Benton Acquisitions, LLC
OPERATING REVENUES	$9	$0	$9	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	3	0	3	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	6	0	6	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	9	0	9	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	7	0	(7)
Other-net	0	0	0	0
Total other deductions - net	0	7	0	(7)
INCOME BEFORE INCOME TAXES	0	7	0	(7)
INCOME TAXES	(6)	0	3	(9)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	6	7	(3)	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($3)	(5)	0	(5)	0
NET INCOME (LOSS)	1	7	(8)	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	7	3	(2)	6
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$8	$10	($10)	$8

HYPERION VIII, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				41
ASSETS	LSP VIII LP Consolidated	Elims	Harper Lake Company VIII	Hyperion VIII, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-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
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	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	3	0	4
Other	0	0	0	0
Total other assets	7	3	0	4
TOTAL ASSETS	$7	$3	$0	$4
CAPITALIZATION
Common shareholders' equity	($17)	$3	$0	($20)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	(17)	3	0	(20)
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	1	0	0	1
Total current liabilities	1	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	23	0	0	23
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	23	0	0	23
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$7	$3	$0	$4
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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 and impairment charges	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	4	0	0	4
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
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	0	1	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	3	0	1	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	9	0	3	6
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$12	$0	$4	$8

HYPERION IX, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				42
ASSETS	LSP IX LP Consolidated	Elims	HLC IX Company	Hyperion IX, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-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
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	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	13	3	0	10
Other	0	0	0	0
Total other assets	13	3	0	10
TOTAL ASSETS	$13	$3	$0	$10
CAPITALIZATION
Common shareholders' equity	($20)	$3	$0	($23)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	(20)	3	0	(23)
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	2	0	0	2
Total current liabilities	2	0	0	2
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	31	0	0	31
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	31	0	0	31
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$13	$3	$0	$10
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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 and impairment charges	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	4	0	0	4
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
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	0	1	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	3	0	1	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	6	0	2	4
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$9	$0	$3	$6

FPL ENERGY MH50 LP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					43
ASSETS	MH50 Consolidated	Elims	FPL Energy MH50, L.P.	FPL Energy MH50 LP, LLC	FPL Energy MH50 GP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$18	$0	$18	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(4)	0	(4)	0	0
Total prop., plant and eqpt.-net	14	0	14	0	0
CURRENT ASSETS
Cash and cash equivalents	2	0	2	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	1	0	1	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	3	0	3	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(16)	0	16	0
Other	0	0	0	0	0
Total other assets	0	(16)	0	16	0
TOTAL ASSETS	$17	($16)	$17	$16	$0
CAPITALIZATION
Common shareholders' equity	$5	($16)	$16	$5	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	10	0	0	10	0
Total capitalization	15	(16)	16	15	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	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
Deferred clause revenues	0	0	0	0	0
Other	1	0	0	1	0
Total current liabilities	1	0	0	1	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	1	0	1	0	0
Total other liab. & def. credits	1	0	1	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$17	($16)	$17	$16	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	MH50 Consolidated	Elims	FPL Energy MH50, L.P.	FPL Energy MH50 LP, LLC	FPL Energy MH50 GP, LLC
OPERATING REVENUES	$27	$0	$27	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	23	0	23	0	0
Other operations and maintenance	2	0	2	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	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	26	0	26	0	0
OPERATING INCOME	1	0	1	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(1)	0	0	(1)	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	(1)	0	1	0
Other-net	0	0	0	0	0
Total other deductions - net	(1)	(1)	0	0	0
INCOME BEFORE INCOME TAXES	0	(1)	1	0	0
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	(1)	1	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	0	(1)	1	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(2)	(1)	1	(2)	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($2)	($2)	$2	($2)	$0

FPL ENERGY MARCUS HOOK LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					44
ASSETS	MH700 Consolidated	Elims	FPL Energy Marcus Hook, L.P.	FPL Energy MH700, LLC	FPL Energy Marcus Hook LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	330	0	320	0	10
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	330	0	320	0	10
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
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	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	0	(294)	0	0	294
Other	0	0	0	0	0
Total other assets	0	(294)	0	0	294
TOTAL ASSETS	$330	($294)	$320	$0	$304
CAPITALIZATION
Common shareholders' equity	$304	($294)	$294	$0	$304
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	304	(294)	294	0	304
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	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
Deferred clause revenues	0	0	0	0	0
Other	26	0	26	0	0
Total current liabilities	26	0	26	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	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	$330	($294)	$320	$0	$304
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	MH700 Consolidated	Elims	FPL Energy Marcus Hook, L.P.	FPL Energy MH700, LLC	FPL Energy Marcus Hook LLC
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 and impairment charges	0	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	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
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0
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	$0	$0	$0	$0	$0

ESI MOJAVE LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				45
ASSETS	Mojave Consolidated	Elim	ESI Mojave LLC	ESI Mojave, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-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
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	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	9	0	9	0
Other	0	0	0	0
Total other assets	9	0	9	0
TOTAL ASSETS	$10	$0	$10	$0
CAPITALIZATION
Common shareholders' equity	$10	$0	$10	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	10	0	10	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	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	$10	$0	$10	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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	1	0	1	0
Restructuring and impairment charges	0	0	0	0
Merger-related	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	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	4	0	4	0
Other-net	0	0	0	0
Total other deductions - net	4	0	4	0
INCOME BEFORE INCOME TAXES	4	0	4	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	4	0	4	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	4	0	4	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	14	0	14	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$18	$0	$18	$0

FPL ENERGY NEW MEXICO WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					46
ASSETS	New Mexico Consolidated	Elims	Pacific Power Investments, Inc.	ESI NE Energy LP, Inc. (NM Wind)	FPL Energy New Mexico Wind, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	1	0	0	1	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	1	0	0	1	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
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	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	0	0	0	0	0
Other	1	0	0	1	0
Total other assets	1	0	0	1	0
TOTAL ASSETS	$2	$0	$0	$2	$0
CAPITALIZATION
Common shareholders' equity	$2	$0	$0	$2	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	2	0	0	2	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	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
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	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	$2	$0	$0	$2	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	New Mexico Consolidated	Elims	Pacific Power Investments, Inc.	ESI NE Energy LP, Inc. (NM Wind)	FPL Energy New Mexico Wind, LLC
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 and impairment charges	0	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	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
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0
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	$0	$0	$0	$0	$0

ESI ORMESA IE EQUITY, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				47
ASSETS	Ormesa IE Consolidated	Elims	ESI Ormesa IE Equity, Inc.	ESI Ormesa Equity Holdings LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-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
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	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
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
Pref. stk. of FPL w/o sinking fund require.	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
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	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	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Ormesa IE 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 and impairment charges	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	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
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. 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, 2002 ($ Millions)						48
ASSETS	Operating Services Consolidated	Elims	Texas Wind Operating Services, LLC	FPL Energy Virginia Power Services, Inc.	FPL Energy CO2 Operations, Inc.	FPL Energy Operating Services, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0	0
Total prop., plant and eqpt.-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	11	0	0	0	0	11
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total current assets	11	0	0	0	0	11
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	0	0	0	0	0
Other	1	0	0	1	0	0
Total other assets	1	0	0	1	0	0
TOTAL ASSETS	$12	$0	$0	$1	$0	$11
CAPITALIZATION
Common shareholders' equity	$6	$0	$0	$1	$0	$5
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0
Long-term debt	0	0	0	0	0	0
Total capitalization	6	0	0	1	0	5
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Note payable	0	0	0	0	0	0
Current maturities of long-term debt	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
Deferred clause revenues	0	0	0	0	0	0
Other	4	0	0	0	0	4
Total current liabilities	4	0	0	0	0	4
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	2	0	0	0	0	2
Def. regulatory credit - income taxes	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other liab. & def. credits	2	0	0	0	0	2
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$12	$0	$0	$1	$0	$11
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Operating Services Consolidated	Elims	Texas Wind Operating Services, LLC	FPL Energy Virginia Power Services, Inc.	FPL Energy CO2 Operations, Inc.	FPL Energy Operating Services, Inc.
OPERATING REVENUES	$7	$0	$0	$0	$0	$7
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0	0
Merger-related	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	7	0	0	0	0	7
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0	0
Equity in earnings of equity method investments	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	7	0	0	0	0	7
INCOME TAXES	3	0	0	0	0	3
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	4	0	0	0	0	4
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0	0
NET INCOME (LOSS)	4	0	0	0	0	4
RET. EARNINGS (DEF.) AT BEG. OF YEAR	12	0	0	1	0	11
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$16	$0	$0	$1	$0	$15

FPL ENERGY PARIS CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)											49
ASSETS	Paris Consolidated	Elims	Lamar Power Partners, L.P.		INTEXCO I, LP		INTEXCO I LP, LLC		FPL Energy Paris GP, Inc.		FPL Energy Paris LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$452	$0	$308		$1		$143		$0		$0
Nuclear fuel under capital lease - net	0	0	0		0		0		0		0
Construction work in progress	0	0	0		0		0		0		0
Less accumulated depr. & amort.	(35)	0	(24)		0		(11)		0		0
Total prop., plant and eqpt.-net	417	0	284		1		132		0		0
CURRENT ASSETS
Cash and cash equivalents	15	0	15		0		0		0		0
Customer receivables - net	0	0	0		0		0		0		0
Other receivables	56	0	56		0		0		0		0
Mat'ls., supplies & fossil fuel inv.	27	0	27		0		0		0		0
Deferred clause expenses	0	0	0		0		0		0		0
Other	1	0	1		0		0		0		0
Total current assets	99	0	99		0		0		0		0
OTHER ASSETS:
Special use funds	0	0	0		0		0		0		0
Other investments	0	(580)	133		0		0		5		442
Other	0	0	0		0		0		0		0
Total other assets	0	(580)	133		0		0		5		442
TOTAL ASSETS	$516	($580)	$516		$1		$132		$5		$442
CAPITALIZATION
Common shareholders' equity	$445	($580)	$464		$1		$132		($14)		$442
Pref. stk. of FPL w/o sinking fund require.	0	0	0		0		0		0		0
Long-term debt	0	0	0		0		0		0		0
Total capitalization	445	(580)	464		1		132		(14)		442
CURRENT LIABILITIES
Commercial paper	0	0	0		0		0		0		0
Note payable	0	0	0		0		0		0		0
Current maturities of long-term debt	0	0	0		0		0		0		0
Accounts payable	0	0	0		0		0		0		0
Customers' deposits	0	0	0		0		0		0		0
Accrued interest and taxes	6	0	6		0		0		0		0
Deferred clause revenues	0	0	0		0		0		0		0
Other	14	0	14		0		0		0		0
Total current liabilities	20	0	20		0		0		0		0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	19	0	0		0		0		19		0
Def. regulatory credit - income taxes	0	0	0		0		0		0		0
Unamortized investment tax credits	0	0	0		0		0		0		0
Storm and property insurance reserve	0	0	0		0		0		0		0
Other	32	0	32		0		0		0		0
Total other liab. & def. credits	51	0	32		0		0		19		0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$516	($580)	$516		$1		$132		$5		$442
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Paris Consolidated	Elims		Lamar Power Partners, L.P.		INTEXCO I, LP		INTEXCO I LP, LLC		FPL Energy Paris GP, Inc.		FPL Energy Paris LP, LLC
OPERATING REVENUES	$295	$0		$295		$0		$0		$0		$0
OPERATING EXPENSES
Fuel, purchased power & interchange	211	0		211		0		0		0		0
Other operations and maintenance	24	0		24		0		0		0		0
Restructuring and impairment charges	0	0		0		0		0		0		0
Merger-related	0	0		0		0		0		0		0
Depreciation & amortization	15	0		10		0		5		0		0
Taxes other than income taxes	5	0		5		0		0		0		0
Total operating expenses	255	0		250		0		5		0		0
OPERATING INCOME	40	0		45		0		(5)		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
Reserve for leveraged leases	0	0		0		0		0		0		0
Equity in earnings of equity method investments	0	(39)		0		0		0		0		39
Other-net	(2)	0		(7)		0		5		0		0
Total other deductions - net	(2)	(39)		(7)		0		5		0		39
INCOME BEFORE INCOME TAXES	38	(39)		38		0		0		0		39
INCOME TAXES	12	0		0		0		0		12		0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	26	(39)		38		0		0		(12)		39
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0		0		0		0		0		0
NET INCOME (LOSS)	26	(39)		38		0		0		(12)		39
RET. EARNINGS (DEF.) AT BEG. OF YEAR	34	(62)		63		0		(2)		(1)		36
DEDUCT:
Dividends	0	0		0		0		0		0		0
Other	0	0		0		0		0		0		0
RET. EARNINGS (DEF.) AT END OF YEAR	$60	($101)		$101		$0		($2)		($13)		$75

FPL ENERGY PECOS WIND CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)														50
ASSETS	Pecos Wind I 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
Elec. utility plant in ser. & other property	$150	$0		$75		$75		$0		$0		$0		$0
Nuclear fuel under capital lease - net	0	0		0		0		0		0		0		0
Construction work in progress	0	0		0		0		0		0		0		0
Less accumulated depr. & amort.	(12)	0		(6)		(6)		0		0		0		0
Total prop., plant and eqpt.-net	138	0		69		69		0		0		0		0
CURRENT ASSETS
Cash and cash equivalents	1	0		1		0		0		0		0		0
Customer receivables - net	1	0		1		0		0		0		0		0
Other receivables	(5)	0		0		0		0		(5)		0		0
Mat'ls., supplies & fossil fuel inv.	0	0		0		0		0		0		0		0
Deferred clause expenses	0	0		0		0		0		0		0		0
Other	0	0		0		0		0		0		0		0
Total current assets	(3)	0		2		0		0		(5)		0		0
OTHER ASSETS:
Special use funds	0	0		0		0		0		0		0		0
Other investments	0	(140)		0		0		1		70		1		68
Other	0	0		0		0		0		0		0		0
Total other assets	0	(140)		0		0		1		70		1		68
TOTAL ASSETS	$135	($140)		$71		$69		$1		$65		$1		$68
CAPITALIZATION
Common shareholders' equity	$109	($140)		$71		$68		$1		$40		$1		$68
Pref. stk. of FPL w/o sinking fund require.	0	0		0		0		0		0		0		0
Long-term debt	0	0		0		0		0		0		0		0
Total capitalization	109	(140)		71		68		1		40		1		68
CURRENT LIABILITIES
Commercial paper	0	0		0		0		0		0		0		0
Note payable	0	0		0		0		0		0		0		0
Current maturities of long-term debt	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	1	0		0		1		0		0		0		0
Deferred clause revenues	0	0		0		0		0		0		0		0
Other	0	0		0		0		0		0		0		0
Total current liabilities	1	0		0		1		0		0		0		0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	25	0		0		0		0		25		0		0
Def. regulatory credit - income taxes	0	0		0		0		0		0		0		0
Unamortized investment tax credits	0	0		0		0		0		0		0		0
Storm and property insurance reserve	0	0		0		0		0		0		0		0
Other	0	0		0		0		0		0		0		0
Total other liab. & def. credits	25	0		0		0		0		25		0		0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$135	($140)		$71		$69		$1		$65		$1		$68
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Pecos Wind I 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	$8		$0		$4		$4		$0		$0		$0		$0
OPERATING EXPENSES
Fuel, purchased power & interchange	1		0		1		0		0		0		0		0
Other operations and maintenance	1		0		0		1		0		0		0		0
Restructuring and impairment charges	0		0		0		0		0		0		0		0
Merger-related	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	12		0		7		5		0		0		0		0
OPERATING INCOME	(4)		0		(3)		(1)		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
Reserve for leveraged leases	0		0		0		0		0		0		0		0
Equity in earnings of equity method investments	0		5		0		0		0		(3)		0		(2)
Other-net	0		0		0		0		0		0		0		0
Total other deductions - net	0		5		0		0		0		(3)		0		(2)
INCOME BEFORE INCOME TAXES	(4)		5		(3)		(1)		0		(3)		0		(2)
INCOME TAXES	(7)		0		0		0		0		(4)		0		(3)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3		5		(3)		(1)		0		1		0		1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0		0		0		0		0		0		0		0
NET INCOME (LOSS)	3		5		(3)		(1)		0		1		0		1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3		1		0		(1)		2		0		2		(1)
DEDUCT:
Dividends	0		0		0		0		0		0		0		0
Other	0		d0		0		0		0		0		0		0
RET. EARNINGS (DEF.) AT END OF YEAR	$6		$6		($3)		($2)		$2		$1		$2		$0

FPL ENERGY PENNSYLVANIA WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				51
ASSETS	Pennsylvania Windfarms Consolidated	Elims	FPL Energy Pennsylvania Wind, LLC	Pennsylvania Windfarms, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$2	$0	$0	$2
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	2	0	0	2
CURRENT ASSETS
Cash and cash equivalents	1	0	0	1
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	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	(3)	3	0
Other	1	0	0	1
Total other assets	1	(3)	3	1
TOTAL ASSETS	$4	($3)	$3	$4
CAPITALIZATION
Common shareholders' equity	$3	($3)	$3	$3
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	3	(3)	3	3
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	1	0	0	1
Total current liabilities	1	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	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	$4	($3)	$3	$4
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Pennsylvania Windfarms Consolidated	Elims	FPL Energy Pennsylvania Wind, LLC	Pennsylvania Windfarms, Inc.
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 and impairment charges	0	0	0	0
Merger-related	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
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	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
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. 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

FPLE RHODE ISLAND STATE ENERGY CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)								52
ASSETS	Rhode Island Consolidated	Elims		FPLE Rhode Island State Energy, L.P.			FPLE Rhode Island State Energy GP, Inc.	FPLE Rhode Island State Energy LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0		$0			$0	$0
Nuclear fuel under capital lease - net	0	0		0			0	0
Construction work in progress	0	0		0			0	0
Less accumulated depr. & amort.	0	0		0			0	0
Total prop., plant and eqpt.-net	0	0		0			0	0
CURRENT ASSETS
Cash and cash equivalents	0	0		0			0	0
Customer receivables - net	0	0		0			0	0
Other receivables	28	0		0			0	28
Mat'ls., supplies & fossil fuel inv.	0	0		0			0	0
Deferred clause expenses	0	0		0			0	0
Other	17	0		0			0	17
Total current assets	45	0		0			0	45
OTHER ASSETS:
Special use funds	0	0		0			0	0
Other investments	0	(1)		1			0	0
Other	0	0		0			0	0
Total other assets	0	(1)		1			0	0
TOTAL ASSETS	$45	($1)		$1			$0	$45
CAPITALIZATION
Common shareholders' equity	$1	($1)		$1			$0	$1
Pref. stk. of FPL w/o sinking fund require.	0	0		0			0	0
Long-term debt	0	0		0			0	0
Total capitalization	1	(1)		1			0	1
CURRENT LIABILITIES
Commercial paper	0	0		0			0	0
Note payable	0	0		0			0	0
Current maturities of long-term debt	0	0		0			0	0
Accounts payable	25	0		0			0	25
Customers' deposits	0	0		0			0	0
Accrued interest and taxes	0	0		0			0	0
Deferred clause revenues	0	0		0			0	0
Other	18	0		0			0	18
Total current liabilities	43	0		0			0	43
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0		0			0	0
Def. regulatory credit - income taxes	0	0		0			0	0
Unamortized investment tax credits	0	0		0			0	0
Storm and property insurance reserve	0	0		0			0	0
Other	1	0		0			0	1
Total other liab. & def. credits	1	0		0			0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$45	($1)		$1			$0	$45
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Rhode Island Consolidated		Elims		FPLE Rhode Island State Energy, L.P.	FPLE Rhode Island State Energy GP, Inc.			FPLE Rhode Island State Energy LP, LLC
OPERATING REVENUES	$33		$0		$0	$0			$33
OPERATING EXPENSES
Fuel, purchased power & interchange	26		0		0	0			26
Other operations and maintenance	6		0		0	0			6
Restructuring and impairment charges
Merger-related	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	32		0		0	0			32
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
Reserve for leveraged leases	0		0		0	0			0
Equity in earnings of equity method investments	0		(1)		1	0			0
Other-net	0		0		0	0			0
Total other deductions - net	0		(1)		1	0			0
INCOME BEFORE INCOME TAXES	1		(1)		1	0			1
INCOME TAXES	3		0		0	3			0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(2)		(1)		1	(3)			1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0		0		0	0			0
NET INCOME (LOSS)	(2)		(1)		1	(3)			1
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)		($1)		$1	($3)			$1

FPL ENERGY SEABROOK, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				53
ASSETS	Seabrook Consolidated	Elims	FPL Energy Seabrook, LLC	FPL Energy Seabrook, LLC - Plant
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$717	$0	$0	$717
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	16	0	0	16
Less accumulated depr. & amort.	(3)	0	0	(3)
Total prop., plant and eqpt.-net	730	0	0	730
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	3	0	0	3
Other receivables	66	0	1	65
Mat'ls., supplies & fossil fuel inv.	105	0	0	105
Deferred clause expenses	0	0	0	0
Other	24	0	0	24
Total current assets	198	0	1	197
OTHER ASSETS:
Special use funds	229	0	0	229
Other investments	(229)	(945)	945	(229)
Other	238	0	0	238
Total other assets	238	(945)	945	238
TOTAL ASSETS	$1,166	($945)	$946	$1,165
CAPITALIZATION
Common shareholders' equity	$976	($945)	$953	$968
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	976	(945)	953	968
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	26	0	0	26
Total current liabilities	26	0	0	26
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(7)	0	(7)	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	171	0	0	171
Total other liab. & def. credits	164	0	(7)	171
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1,166	($945)	$946	$1,165
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Seabrook Consolidated	Elims	FPL Energy Seabrook, LLC	FPL Energy Seabrook, LLC - Plant
OPERATING REVENUES	$63	$0	$1	$62
OPERATING EXPENSES
Fuel, purchased power & interchange	6	0	0	6
Other operations and maintenance	28	0	2	26
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	5	0	0	5
Taxes other than income taxes	3	0	0	3
Total operating expenses	42	0	2	40
OPERATING INCOME	21	0	(1)	22
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	1	0	0	1
Total other deductions - net	1	0	0	1
INCOME BEFORE INCOME TAXES	22	0	(1)	23
INCOME TAXES	7	0	7	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	15	0	(8)	23
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	15	0	(8)	23
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	$15	$0	($8)	$23

FPL ENERGY UPTON WIND CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)												54
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
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$284		$0		$81		$81	$81		$41		$0
Nuclear fuel under capital lease - net	0		0		0		0	0		0		0
Construction work in progress	0		0		0		0	0		0		0
Less accumulated depr. & amort.	(17)		0		(6)		(5)	(4)		(2)		0
Total prop., plant and eqpt.-net	267		0		75		76	77		39		0
CURRENT ASSETS
Cash and cash equivalents	4		0		4		0	0		0		0
Customer receivables - net	1		0		1		0	0		0		0
Other receivables	(9)		0		0		0	0		0		0
Mat'ls., supplies & fossil fuel inv.	0		0		0		0	0		0		0
Deferred clause expenses	0		0		0		0	0		0		0
Other	0		0		0		0	0		0		0
Total current assets	(4)		0		5		0	0		0		0
OTHER ASSETS:
Special use funds	0		0		0		0	0		0		0
Other investments	0		(273)		0		0	0		0		1
Other	7		0		3		2	1		1		0
Total other assets	7		(273)		3		2	1		1		1
TOTAL ASSETS	$270		($273)		$83		$78	$78		$40		$1
CAPITALIZATION
Common shareholders' equity	$214		($273)		$78		$78	$78		$40		$1
Pref. stk. of FPL w/o sinking fund require.	0		0		0		0	0		0		0
Long-term debt	0		0		0		0	0		0		0
Total capitalization	214		(273)		78		78	78		40		1
CURRENT LIABILITIES
Commercial paper	0		0		0		0	0		0		0
Note payable	0		0		0		0	0		0		0
Current maturities of long-term debt	0		0		0		0	0		0		0
Accounts payable	4		0		4		0	0		0		0
Customers' deposits	0		0		0		0	0		0		0
Accrued interest and taxes	0		0		0		0	0		0		0
Deferred clause revenues	0		0		0		0	0		0		0
Other	1		0		1		0	0		0		0
Total current liabilities	5		0		5		0	0		0		0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	51		0		0		0	0		0		0
Def. regulatory credit - income taxes	0		0		0		0	0		0		0
Unamortized investment tax credits	0		0		0		0	0		0		0
Storm and property insurance reserve	0		0		0		0	0		0		0
Other	0		0		0		0	0		0		0
Total other liab. & def. credits	51		0		0		0	0		0		0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$270		($273)		$83		$78	$78		$40		$1
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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
OPERATING REVENUES	$14	$0		$2		$5			$5		$2		$0
OPERATING EXPENSES
Fuel, purchased power & interchange	2	0		1		0			1		0		0
Other operations and maintenance	6	0		1		2			2		1		0
Restructuring and impairment charges	0	0		0		0			0		0		0
Merger-related	0	0		0		0			0		0		0
Depreciation & amortization	15	0		5		4			4		2		0
Taxes other than income taxes	1	0		0		1			0		0		0
Total operating expenses	24	0		7		7			7		3		0
OPERATING INCOME	(10)	0		(5)		(2)			(2)		(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
Reserve for leveraged leases	0	0		0		0			0		0		0
Equity in earnings of equity method investments	0	10		0		0			0		0		0
Other-net	0	0		0		0			0		0		0
Total other deductions - net	0	10		0		0			0		0		0
INCOME BEFORE INCOME TAXES	(10)	10		(5)		(2)			(2)		(1)		0
INCOME TAXES	(11)	0		0		0			0		0		0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	10		(5)		(2)			(2)		(1)		0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0		0		0			0		0		0
NET INCOME (LOSS)	1	10		(5)		(2)			(2)		(1)		0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0		(1)		0			(1)		0		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	$1	$10		($6)		($2)			($3)		($1)		$0

FPL ENERGY UPTON WIND CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)													55
ASSETS	FPL Energy Upton Wind I LP, LLC			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
Elec. utility plant in ser. & other property	$0			$0		$0	$0		$0		$0			$0
Nuclear fuel under capital lease - net	0			0		0	0		0		0			0
Construction work in progress	0			0		0	0		0		0			0
Less accumulated depr. & amort.	0			0		0	0		0		0			0
Total prop., plant and eqpt.-net	0			0		0	0		0		0			0
CURRENT ASSETS
Cash and cash equivalents	0			0		0	0		0		0			0
Customer receivables - net	0			0		0	0		0		0			0
Other receivables	(9)			0		0	0		0		0			0
Mat'ls., supplies & fossil fuel inv.	0			0		0	0		0		0			0
Deferred clause expenses	0			0		0	0		0		0			0
Other	0			0		0	0		0		0			0
Total current assets	(9)			0		0	0		0		0			0
OTHER ASSETS:
Special use funds	0			0		0	0		0		0			0
Other investments	77			1		77	1		77		0			39
Other	0			0		0	0		0		0			0
Total other assets	77			1		77	1		77		0			39
TOTAL ASSETS	$68			$1		$77	$1		$77		$0			$39
CAPITALIZATION
Common shareholders' equity	$17			$1		$77	$1		$77		$0			$39
Pref. stk. of FPL w/o sinking fund require.	0			0		0	0		0		0			0
Long-term debt	0			0		0	0		0		0			0
Total capitalization	17			1		77	1		77		0			39
CURRENT LIABILITIES
Commercial paper	0			0		0	0		0		0			0
Note payable	0			0		0	0		0		0			0
Current maturities of long-term debt	0			0		0	0		0		0			0
Accounts payable	0			0		0	0		0		0			0
Customers' deposits	0			0		0	0		0		0			0
Accrued interest and taxes	0			0		0	0		0		0			0
Deferred clause revenues	0			0		0	0		0		0			0
Other	0			0		0	0		0		0			0
Total current liabilities	0			0		0	0		0		0			0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	51			0		0	0		0		0			0
Def. regulatory credit - income taxes	0			0		0	0		0		0			0
Unamortized investment tax credits	0			0		0	0		0		0			0
Storm and property insurance reserve	0			0		0	0		0		0			0
Other	0			0		0	0		0		0			0
Total other liab. & def. credits	51			0		0	0		0		0			0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$68			$1		$77	$1		$77		$0			$39
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT		FPL Energy Upton Wind I LP, LLC	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			$0
OPERATING EXPENSES
Fuel, purchased power & interchange		0	0		0			0		0		0			0
Other operations and maintenance		0	0		0			0		0		0			0
Restructuring and impairment charges		0	0		0			0		0		0			0
Merger-related		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		0	0		0			0		0		0			0
OPERATING INCOME		0	0		0			0		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
Reserve for leveraged leases		0	0		0			0		0		0			0
Equity in earnings of equity method investments		(5)	0		(2)			0		(2)		0			(1)
Other-net		0	0		0			0		0		0			0
Total other deductions - net		(5)	0		(2)			0		(2)		0			(1)
INCOME BEFORE INCOME TAXES		(5)	0		(2)			0		(2)		0			(1)
INCOME TAXES		(11)	0		0			0		0		0			0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE		6	0		(2)			0		(2)		0			(1)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES		0	0		0			0		0		0			0
NET INCOME (LOSS)		6	0		(2)			0		(2)		0			(1)
RET. EARNINGS (DEF.) AT BEG. OF YEAR		0	0		1			0		1		0			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		$6	$0		($1)			$0		($1)		$0			($1)

ESI VANSYCLE PARTNERS, L.P. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					56
ASSETS	Vansycle Consolidated	Elims	ESI Vansycle Partners, L.P.	ESI Vansycle GP, Inc.	ESI Vansycle LP, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$28	$0	$28	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(6)	0	(6)	0	0
Total prop., plant and eqpt.-net	22	0	22	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	1	0	0
Other receivables	(1)	0	0	0	(1)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	1	0	(1)
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(23)	0	0	23
Other	0	0	0	0	0
Total other assets	0	(23)	0	0	23
TOTAL ASSETS	$22	($23)	$23	$0	$22
CAPITALIZATION
Common shareholders' equity	$15	($23)	$23	$0	$15
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	15	(23)	23	0	15
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	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
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	7	0	0	0	7
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	7	0	0	0	7
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$22	($23)	$23	$0	$22
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	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	2	0	2	0	0
OPERATING INCOME	2	0	2	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	(1)	0	0	1
Other-net	(1)	(1)	0	0	0
Total other deductions - net	(1)	(2)	0	0	1
INCOME BEFORE INCOME TAXES	1	(2)	2	0	1
INCOME TAXES	(1)	0	0	0	(1)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	(2)	2	0	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	2	(2)	2	0	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	6	(4)	4	0	6
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$8	($6)	$6	$0	$8

ESI WEST TEXAS ENERGY LP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					57
ASSETS	West Texas Consolidated	Elims	West Texas Wind Energy Partners, L.P.	ESI West Texas Energy, Inc.	ESI West Texas Energy LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$77	$0	$77	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(14)	0	(14)	0	0
Total prop., plant and eqpt.-net	63	0	63	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	1	0	0
Other receivables	(3)	0	0	0	(3)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	(2)	0	1	0	(3)
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(25)	0	0	25
Other	0	0	0	0	0
Total other assets	0	(25)	0	0	25
TOTAL ASSETS	$61	($25)	$64	$0	$22
CAPITALIZATION
Common shareholders' equity	$3	($25)	$25	$0	$3
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	36	0	36	0	0
Total capitalization	39	(25)	61	0	3
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	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
Deferred clause revenues	0	0	0	0	0
Other	3	0	3	0	0
Total current liabilities	3	0	3	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	19	0	0	0	19
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	19	0	0	0	19
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$61	($25)	$64	$0	$22
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	West Texas Consolidated	Elims	West Texas Wind Energy Partners, L.P.	ESI West Texas Energy, Inc.	ESI West Texas Energy LP, LLC
OPERATING REVENUES	$6	$0	$6	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	4	0	4	0	0
Taxes other than income taxes	2	0	2	0	0
Total operating expenses	6	0	6	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(3)	0	(3)	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	3	0	0	(3)
Other-net	0	0	0	0	0
Total other deductions - net	(3)	3	(3)	0	(3)
INCOME BEFORE INCOME TAXES	(3)	3	(3)	0	(3)
INCOME TAXES	(4)	0	0	0	(4)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	3	(3)	0	1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	1	3	(3)	0	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3	7	(6)	(2)	4
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$4	$10	($9)	($2)	$5

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)							58
ASSETS	FPL Energy, LLC Consolidated	Elims	FPL Energy, LLC	FPL Energy Power Marketing, Inc.	BAC Investments Corp.	Square Lake Holdings	FPL Energy Project Management, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$447	$0	$72	$2	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0	0	0
Construction work in progress	125	0	118	0	0	0	0
Less accumulated depr. & amort.	(44)	0	(5)	0	0	0	0
Total prop., plant and eqpt.-net	528	0	185	2	0	0	0
CURRENT ASSETS
Cash and cash equivalents	(11)	0	(20)	10	0	0	0
Customer receivables - net	88	0	(5)	91	0	0	0
Other receivables	86	(34)	44	39	5	0	1
Mat'ls., supplies & fossil fuel inv.	3	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0
Other	81	0	4	71	0	0	0
Total current assets	247	(34)	23	211	5	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0
Other investments	4,122	(686)	4,724	0	80	0	0
Other	41	0	25	15	0	0	0
Total other assets	4,163	(686)	4,749	15	80	0	0
TOTAL ASSETS	$4,938	($720)	$4,957	$228	$85	$0	$1
CAPITALIZATION
Common shareholders' equity	$4,734	($686)	$4,906	($44)	$85	$0	($1)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0
Long-term debt	0	0	0	0	0	0	0
Total capitalization	4,734	(686)	4,906	(44)	85	0	(1)
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0
Note payable	0	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0	0
Accounts payable	53	0	0	49	0	0	0
Customers' deposits	0	0	0	0	0	0	0
Accrued interest and taxes	3	2	1	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0
Other	235	(36)	50	211	0	0	2
Total current liabilities	291	(34)	51	260	0	0	2
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(118)	0	0	3	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0
Other	31	0	0	9	0	0	0
Total other liab. & def. credits	(87)	0	0	12	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$4,938	($720)	$4,957	$228	$85	$0	$1
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	FPL Energy, LLC Consolidated	Elims	FPL Energy, LLC	FPL Energy Power Marketing, Inc.	BAC Investments Corp.	Square Lake Holdings	FPL Energy Project Management, Inc.
OPERATING REVENUES	$689	($474)	$0	$1,041	$0	$0	$1
OPERATING EXPENSES
Fuel, purchased power & interchange	591	(470)	0	1,032	0	0	0
Other operations and maintenance	119	(3)	58	22	0	0	6
Restructuring and impairment charges	103	0	102	0	0	0	1
Merger-related	0	0	0	0	0	0	0
Depreciation & amortization	14	0	3	0	0	0	0
Taxes other than income taxes	7	0	0	3	0	0	0
Total operating expenses	834	(473)	163	1,057	0	0	7
OPERATING INCOME	(145)	(1)	(163)	(16)	0	0	(6)
OTHER INCOME (DEDUCTIONS):
Interest charges	(55)	0	(55)	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0	0	0
Equity in earnings of equity method investments	(15)	0	(15)	0	0	0	0
Other-net	27	1	17	10	6	(3)	(2)
Total other deductions - net	(43)	1	(53)	10	6	(3)	(2)
INCOME BEFORE INCOME TAXES	(188)	0	(216)	(6)	6	(3)	(8)
INCOME TAXES	(81)	0	(96)	2	2	(2)	(3)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(107)	0	(120)	(8)	4	(1)	(5)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($128)	(200)	0	0	0	0	0	0
NET INCOME (LOSS)	(307)	0	(120)	(8)	4	(1)	(5)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(193)	0	(209)	(19)	14	0	(7)
DEDUCT:
Dividends	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($500)	$0	($329)	($27)	$18	($1)	($12)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)		59
ASSETS	Blythe Project Management LLC	Maine Final Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$373
Nuclear fuel under capital lease - net	0	0
Construction work in progress	0	7
Less accumulated depr. & amort.	0	(39)
Total prop., plant and eqpt.-net	0	341
CURRENT ASSETS
Cash and cash equivalents	0	(1)
Customer receivables - net	0	2
Other receivables	0	31
Mat'ls., supplies & fossil fuel inv.	0	3
Deferred clause expenses	0	0
Other	0	6
Total current assets	0	41
OTHER ASSETS:
Special use funds	0	0
Other investments	0	4
Other	0	1
Total other assets	0	5
TOTAL ASSETS	$0	$387
CAPITALIZATION
Common shareholders' equity	$0	$474
Pref. stk. of FPL w/o sinking fund require.	0	0
Long-term debt	0	0
Total capitalization	0	474
CURRENT LIABILITIES
Commercial paper	0	0
Note payable	0	0
Current maturities of long-term debt	0	0
Accounts payable	0	4
Customers' deposits	0	0
Accrued interest and taxes	0	0
Deferred clause revenues	0	0
Other	0	8
Total current liabilities	0	12
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	(121)
Def. regulatory credit - income taxes	0	0
Unamortized investment tax credits	0	0
Storm and property insurance reserve	0	0
Other	0	22
Total other liab. & def. credits	0	(99)
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$387
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Blythe Project Management LLC	Maine Final Consolidated
OPERATING REVENUES	$0	$121
OPERATING EXPENSES
Fuel, purchased power & interchange	0	29
Other operations and maintenance	0	36
Restructuring and impairment charges	0	0
Merger-related	0	0
Depreciation & amortization	0	11
Taxes other than income taxes	0	4
Total operating expenses	0	80
OPERATING INCOME	0	41
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0
Preferred stock dividends - FPL	0	0
Reserve for leveraged leases	0	0
Equity in earnings of equity method investments	0	0
Other-net	0	(2)
Total other deductions - net	0	(2)
INCOME BEFORE INCOME TAXES	0	39
INCOME TAXES	0	16
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	23
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($128)	0	(200)
NET INCOME (LOSS)	0	(177)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	28
DEDUCT:
Dividends	0	0
Other	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	($149)

FPL ENERGY MAINE, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)												60
ASSETS	Maine Final Consolidated	Elims		FPL Energy Wyman LLC			FPL Energy Wyman IV LLC		FPL Energy Mason LLC	FPL Energy Cape, LLC		FPL Energy Maine, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$373	$0		$39			$74		$0	$1		$0
Nuclear fuel under capital lease - net	0	0		0			0		0	0		0
Construction work in progress	7	0		1			2		0	0		0
Less accumulated depr. & amort.	(39)	0		(7)			(14)		0	0		0
Total prop., plant and eqpt.-net	341	0		33			62		0	1		0
CURRENT ASSETS
Cash and cash equivalents	(1)	0		0			0		0	0		(1)
Customer receivables - net	2	0		0			2		0	0		0
Other receivables	31	1		1			4		0	0		24
Mat'ls., supplies & fossil fuel inv.	3	0		0			2		1	0		0
Deferred clause expenses	0	0		0			0		0	0		0
Other	6	0		0			4		0	0		0
Total current assets	41	1		1			12		1	0		23
OTHER ASSETS:
Special use funds	0	0		0			0		0	0		0
Other investments	4	(315)		0			0		0	0		315
Other	1	0		0			0		0	0		1
Total other assets	5	(315)		0			0		0	0		316
TOTAL ASSETS	$387	($314)		$34			$74		$1	$1		$339
CAPITALIZATION
Common shareholders' equity	$474	($315)		$29			$69		($14)	$1		$460
Pref. stk. of FPL w/o sinking fund require.	0	0		0			0		0	0		0
Long-term debt	0	0		0			0		0	0		0
Total capitalization	474	(315)		29			69		(14)	1		460
CURRENT LIABILITIES
Commercial paper	0	0		0			0		0	0		0
Note payable	0	0		0			0		0	0		0
Current maturities of long-term debt	0	0		0			0		0	0		0
Accounts payable	4	0		3			0		0	0		0
Customers' deposits	0	0		0			0		0	0		0
Accrued interest and taxes	0	1		0			0		0	0		(1)
Deferred clause revenues	0	0		0			0		0	0		0
Other	8	0		0			4		0	0		1
Total current liabilities	12	1		3			4		0	0		0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(121)	0		0			0		0	0		(121)
Def. regulatory credit - income taxes	0	0		0			0		0	0		0
Unamortized investment tax credits	0	0		0			0		0	0		0
Storm and property insurance reserve	0	0		0			0		0	0		0
Other	22	0		2			1		15	0		0
Total other liab. & def. credits	(99)	0		2			1		15	0		(121)
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$387	($314)		$34			$74		$1	$1		$339
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Maine Final Consolidated		Elims		FPL Energy Wyman LLC	FPL Energy Wyman IV LLC		FPL Energy Mason LLC			FPL Energy Cape, LLC		FPL Energy Maine, Inc.
OPERATING REVENUES	$121		$0		$11	$22		$3			$1		$26
OPERATING EXPENSES
Fuel, purchased power & interchange	29		0		4	9		0			0		16
Other operations and maintenance	36		0		4	7		2			1		3
Restructuring and impairment charges	0		0		0	0		0			0		0
Merger-related	0		0		0	0		0			0		0
Depreciation & amortization	11		0		2	4		0			0		0
Taxes other than income taxes	4		0		1	2		0			0		0
Total operating expenses	80		0		11	22		2			1		19
OPERATING INCOME	41		0		0	0		1			0		7
OTHER INCOME (DEDUCTIONS):
Interest charges	0		0		0	0		0			0		0
Preferred stock dividends - FPL	0		0		0	0		0			0		0
Reserve for leveraged leases	0		0		0	0		0			0		0
Equity in earnings of equity method investments	0		298		0	0		0			0		(298)
Other-net	(2)		0		(2)	(3)		0			0		2
Total other deductions - net	(2)		298		(2)	(3)		0			0		(296)
INCOME BEFORE INCOME TAXES	39		298		(2)	(3)		1			0		(289)
INCOME TAXES	16		0		0	0		0			0		(112)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	23		298		(2)	(3)		1			0		(177)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($128)	(200)		0		0	0		0			0		0
NET INCOME (LOSS)	(177)		298		(2)	(3)		1			0		(177)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	28		0		(31)	(70)		7			0		13
DEDUCT:
Dividends	0		0		0	0		0			0		0
Other	0		0		0	0		0			0		0
RET. EARNINGS (DEF.) AT END OF YEAR	($149)		$298		($33)	($73)		$8			$0		($164)

FPL ENERGY MAINE, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					61
ASSETS	FPL Energy Maine Operating Services LLC		FPL Energy Spruce Point LLC		Maine 1 Consol
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0		$0		$259
Nuclear fuel under capital lease - net	0		0		0
Construction work in progress	0		0		4
Less accumulated depr. & amort.	0		0		(18)
Total prop., plant and eqpt.-net	0		0		245
CURRENT ASSETS
Cash and cash equivalents	0		0		0
Customer receivables - net	0		0		0
Other receivables	0		0		1
Mat'ls., supplies & fossil fuel inv.	0		0		0
Deferred clause expenses	0		0		0
Other	0		0		2
Total current assets	0		0		3
OTHER ASSETS:
Special use funds	0		0		0
Other investments	0		0		4
Other	0		0		0
Total other assets	0		0		4
TOTAL ASSETS	$0		$0		$252
CAPITALIZATION
Common shareholders' equity	($1)		$0		$245
Pref. stk. of FPL w/o sinking fund require.	0		0		0
Long-term debt	0		0		0
Total capitalization	(1)		0		245
CURRENT LIABILITIES
Commercial paper	0		0		0
Note payable	0		0		0
Current maturities of long-term debt	0		0		0
Accounts payable	0		0		1
Customers' deposits	0		0		0
Accrued interest and taxes	0		0		0
Deferred clause revenues	0		0		0
Other	1		0		2
Total current liabilities	1		0		3
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0		0		0
Def. regulatory credit - income taxes	0		0		0
Unamortized investment tax credits	0		0		0
Storm and property insurance reserve	0		0		0
Other	0		0		4
Total other liab. & def. credits	0		0		4
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0		$0		$252
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	FPL Energy Maine Operating Services LLC	FPL Energy Spruce Point LLC		Maine 1 Consol
OPERATING REVENUES	$0	$0		$58
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0		0
Other operations and maintenance	0	0		19
Restructuring and impairment charges	0	0		0
Merger-related	0	0		0
Depreciation & amortization	0	0		5
Taxes other than income taxes	0	0		1
Total operating expenses	0	0		25
OPERATING INCOME	0	0		33
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0		0
Preferred stock dividends - FPL	0	0		0
Reserve for leveraged leases	0	0		0
Equity in earnings of equity method investments	0	0		0
Other-net	0	0		1
Total other deductions - net	0	0		1
INCOME BEFORE INCOME TAXES	0	0		34
INCOME TAXES	0	0		128
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0		(94)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($128)	0	0		(200)
NET INCOME (LOSS)	0	0		(294)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(2)	0		111
DEDUCT:
Dividends	0	0		0
Other	0	0		0
RET. EARNINGS (DEF.) AT END OF YEAR	($2)	$0		($183)

FPL ENERGY MAINE, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				62
ASSETS	Maine 1 Consol	Elims	Kennebec Hydro Resources, Inc.	FPL Energy Maine Hydro LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$259	$0	$0	$259
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	4	0	0	4
Less accumulated depr. & amort.	(18)	0	0	(18)
Total prop., plant and eqpt.-net	245	0	0	245
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	1	0	0	1
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	2	0	0	2
Total current assets	3	0	0	3
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	4	6	0	(2)
Other	0	0	0	0
Total other assets	4	6	0	(2)
TOTAL ASSETS	$252	$6	$0	$246
CAPITALIZATION
Common shareholders' equity	$245	$6	$0	$239
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	245	6	0	239
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	1	0	0	1
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	2	0	0	2
Total current liabilities	3	0	0	3
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	4	0	0	4
Total other liab. & def. credits	4	0	0	4
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$252	$6	$0	$246
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Maine 1 Consol	Elims	Kennebec Hydro Resources, Inc.	FPL Energy Maine Hydro LLC
OPERATING REVENUES	$58	$0	$0	$58
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	(1)	1
Other operations and maintenance	19	0	0	19
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	5	0	0	5
Taxes other than income taxes	1	0	0	1
Total operating expenses	25	0	(1)	26
OPERATING INCOME	33	0	1	32
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	1	0	0	1
Total other deductions - net	1	0	0	1
INCOME BEFORE INCOME TAXES	34	0	1	33
INCOME TAXES	128	0	0	128
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(94)	0	1	(95)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($128)	(200)	0	0	(200)
NET INCOME (LOSS)	(294)	0	1	(295)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	111	0	5	106
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($183)	$0	$6	($189)

EX-99

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
				*ESI LP, Inc.
				ESI Doswell GP, Inc.
					*Doswell I, Inc.
						Doswell Limited Partnership

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			ESI Energy, LLC
				*ESI Hawkeye Power, LLC
					Hawkeye Power Partners, LLC

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 Lake Benton Acquisitions, 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.

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

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 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
				FPL Energy Vansycle L.L.C.

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

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

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			*FPL Energy Bastrop GP, Inc.
			*FPL Energy Bastrop LP, LLC
			Bastrop Energy Partners, L.P. (50%)

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
					NWP Indian Mesa Wind Farm, L.P.

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
				*FPL Energy Pennsylvania Wind, LLC
					Pennsylvania Windfarms, Inc.

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 New York, LLC
					Bayswater Peaking Facility, LLC

* denotes direct ownership interest in the EWG.