U-3A-2

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM U-3A-2

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 February 27, 2004







Page 1 of 24

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, 2003, 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, 2003, FPL and the claimant (including EWG subsidiaries) had the following generating facilities:

FPL Facilities	Location	No. of Units	Fuel	Net Capability (mw)(a)
Nuclear
St. Lucie	Hutchinson Island, FL	2	Nuclear		1,553	(b)
Turkey Point	Florida City, FL	2	Nuclear		1,386
Steam turbines
Cape Canaveral	Cocoa, FL	2	Oil/Gas		814
Cutler	Miami, FL	2	Gas		206
Manatee	Parrish, FL	2	Oil/Gas		1,628
Martin	Indiantown, FL	2	Oil/Gas		1,649
Port Everglades	Port Everglades, FL	4	Oil/Gas		1,233
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
Scherer	Monroe County, GA	1	Coal		658	(d)
Turkey Point	Florida City, FL	2	Oil/Gas		807
Combined-cycle
Fort Myers	Fort Myers, FL	1	Gas		1,423
Lauderdale	Dania, FL	2	Gas/Oil		859
Martin	Indiantown, FL	2	Gas		943
Putnam	Palatka, FL	2	Gas/Oil		498
Sanford	Lake Monroe, FL	2	Gas		1,880
Simple-cycle combustion turbines
Fort Myers	Fort Myers, FL	1	Gas/Oil		328
Martin	Indiantown, FL	1	Gas/Oil		314
Gas turbines/diesels
Fort Myers	Fort Myers, FL	12	Oil		648
Lauderdale	Dania, FL	24	Oil/Gas		840
Port Everglades	Port Everglades, FL	12	Oil/Gas		420
Turkey Point	Florida City, FL	5	Oil		12
TOTAL					19,056	(e)
_____________________

(a)	Represents FPL's net ownership interest in plant capacity.
(b)	Excludes Orlando Utilities Commission's and the FMPA's combined share of approximately 15% of St. Lucie Unit No. 2.
(c)	Represents FPL's 20% ownership interest in each of St. Johns River Power Park Units Nos. 1 and 2, which are jointly owned with JEA.
(d)	Represents FPL's approximately 76% ownership of Scherer Unit No. 4, which is jointly owned with JEA.
(e)	Substantially all of FPL's properties are subject to the lien of FPL's mortgage. FPL expects to add 74 mw by mid-2004 as a result of performance efficiencies. After including the 74 mw, FPL's expected net capability to meet summer peak demand in 2004 will be 19,130 mw.

FPL Energy Facilities	Location	No. of Units	Fuel	Net Capability (mw)(a)
Wind
Cabazon	Riverside County, CA	53	Wind			40
Cerro Gordo (b)	Cerro Gordo County, IA	55	Wind			41
Delaware Mountain	Culberson County, TX	40	Wind			30
Gray County	Gray County, KS	170	Wind			112
Green Mountain	Somerset County, PA	8	Wind			10
Green Power	Riverside County, CA	22	Wind			17
Hancock County (b)	Hancock County, IA	148	Wind			98
High Winds (b)	Solano County, CA	90	Wind			162
Indian Mesa	Upton County, TX	125	Wind			83
King Mountain	Upton County, TX	215	Wind			281
Lake Benton II (b)	Pipestone County, MN	138	Wind			104
Meyersdale	Somerset County, PA	40	Wind			30
Mill Run	Fayette County, PA	10	Wind			15
Montfort (b)	Iowa County, WI	20	Wind			30
Mountaineer	Preston & Tucker Counties, WV	44	Wind			66
New Mexico (b)	Quay & Debaca Counties, NM	136	Wind			204
North Dakota	LaMoure County, ND	41	Wind			62
Oklahoma / Sooner	Harper & Woodward Counties, OK	68	Wind			102
Sky River (b)	Kern County, CA	342	Wind			77
Somerset Wind Power	Somerset County, PA	6	Wind			9
South Dakota	Hyde County, SD	27	Wind			41
Southwest Mesa (b)	Upton & Crockett Counties, TX	107	Wind			75
Stateline (b)	Umatilla County, OR and Walla County, WA	454	Wind			300
Vansycle	Umatilla County, OR	38	Wind			25
Victory Garden	Kern County, CA	96	Wind			22
Waymart	Wayne County, PA	43	Wind			65
Woodward Mountain	Upton & Pecos Counties, TX	242	Wind			160
Wyoming	Uinta County, WY	80	Wind		144
Investments in joint ventures	Various	3,797	(c)		314
Total Wind					2,719
Non-Wind Under Long-Term Contract
Doswell (b)	Ashland, VA	4	Gas/Oil		708
Investments in joint ventures	Various	13	(d)		547
Total Non-Wind Under
Long-Term Contract					1,255
Merchant
Bayswater (b)	Far Rockaway, NY	1	Gas		54
Blythe Energy	Blythe, CA	1	Gas		507
Calhoun (b)	Eastaboga, AL	4	Gas		668
Doswell - Expansion	Ashland, VA	1	Gas/Oil		171
Forney	Forney, TX	2	Gas		1,700
Jamaica Bay (b)	Far Rockaway, NY	1	Oil/Gas		54
Lamar Power Partners	Paris, TX	2	Gas		990
Maine	Various - ME	6	Oil		656		(e)
Maine	Various - ME	83	Hydro		360
Marcus Hook 50	Marcus Hook, PA	1	Gas		50
RISEP (b)	Johnston, RI	1	Gas		550
Seabrook	Seabrook, NH	1	Nuclear		1,024		(f)
Investment in joint venture	Cedar Creek, TX	2	Gas		283
Total Merchant					7,067
TOTAL					11,041

_____________________
(a)	Represents FPL Energy's net ownership interest in plant capacity.
(b)	These consolidated generating facilities, as well as a 744 mw gas-fired plant under construction, are encumbered by liens against their assets securing various financings.
(c)	Represents plants with no more than 50% ownership using wind technology.
(d)	Represents plants with no more than 50% ownership using fuels and technologies such as gas, waste-to-energy, solar, coal and petroleum coke.
(e)	Excludes 10 other energy-related partners' combined share of 38.22%.
(f)	Excludes Massachusetts Municipal Wholesale Electric Company's, Taunton Municipal Lighting Plant's and Hudson Light & Power Department's combined share of 11.77%.

Transmission and Distribution.  At December 31, 2003, FPL owned and operated 529 substations and the following electric transmission and distribution lines:

Nominal Voltage		Overhead Lines Pole Miles			Trench and Submarine Cables Miles
500	kv		1,105	(a)		-
230	kv		2,350			31
138	kv		1,456			49
115	kv		671			-
69	kv		164			14
Less than 69 kv			40,897			22,217
Total			46,643			22,311
_____________________
(a)  Includes approximately 75 miles owned jointly with JEA.

3.    Florida Power & Light Company

Total kwh of Electric Energy Sold & Purchased
Year Ended December 31, 2003

State	kwh Sold	Revenue $		kwh Purchased	Purchased $
Alabama	-		-	772,000	$	29,542
Georgia	782,169,000	$	40,846,261	1,327,371,881		178,036,510
Total electric energy sold at wholesale or purchased outside the State of Florida or at the State line	782,169,000		40,846,261	1,328,143,881	$	178,066,052
Florida	102,420,281,720		8,083,394,153
Total electric energy sold (at retail or wholesale)	103,202,450,720	$	8,124,240,414

Total MMBtu's of Gas Sold & Purchased
Year Ended December 31, 2003

State	MMBtu's Sold	Revenue $		MMBtu's Purchased	Purchased $
Alabama	2,398,601	$	16,180,566	101,675,545	$	561,319,254
Louisiana	22,175,698		135,451,716	147,584,715		801,664,285
Mississippi	1,147,120		6,062,915	52,937,319		278,469,876
Texas	129,167		1,234,085	25,802,226		141,882,246
Total gas sold at wholesale or purchased outside the State of Florida	25,850,586		158,929,282	327,999,805	$	1,783,335,661
Florida	905,853		5,857,615
Total gas sold at wholesale	26,756,439	$	164,786,897

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

4.    FPL Group has the following interests in EWG's:

(1)   Backbone Mountain Windpower LLC (Backbone, A/K/A Mountaineer) is located in Preston and Tucker Counties, West Virginia. The business address of Backbone is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 66 megawatt wind plant which sells 100% of its power to Exelon Generation Company, LLC. At December 31, 2003, Backbone Windpower Holdings, LLC owned 100% of Backbone, an EWG. ESI Energy, LLC (ESI Energy) is the parent of the entity that has an interest in Backbone. ESI Energy is a wholly-owned subsidiary of FPL Energy, LLC (FPL Energy) which is wholly-owned by FPL Group Capital Inc (FPL Group Capital), a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $73,116,237 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	74,456,180
	Total debt obligations	$	0
	Net income	$	1,332,988
	FPL Group's equity in net income	$	1,332,988
(2)   Badger Windpower, LLC (Badger, A/K/A Montfort) is located in Iowa County, Wisconsin. The business address of Badger is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 30 megawatt wind plant which sells 85% of its power to Wisconsin Electric-Wisconsin Gas, a subsidiary of Wisconsin Energy Corporation, and 15% of its power to Alliant Energy-Wisconsin Power and Light. At December 31, 2003, FPL Energy American Wind, LLC owned 100% of Badger, an EWG. FPL Energy American Wind, LLC is a wholly-owned subsidiary of FPL Energy American Wind Holdings, LLC. FPL Energy American Wind Holdings, LLC is a wholly-owned subsidiary of FPL Energy Wind Financing, LLC, which is wholly-owned by FPL Energy Wind Funding, LLC, which is wholly-owned by FPL Energy Wind Funding Holdings, LLC, a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary o f FPL Group. The project assets serve as collateral for the debt held at FPL Energy Wind Funding, LLC and FPL Energy American Wind, LLC which is guaranteed by FPL Group Capital. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid for operations, management and administrative services to affiliated companies totaled $99,000 in 2003. Equity capital invested by system companies totaled $22,674,412 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	27,945,247
	Total debt obligations	$	0
	Net income	$	2,258,980
	FPL Group's equity in net income	$	2,258,980
(3)   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, 2003, FPL Energy Bastrop GP, Inc. and FPL Energy Bastrop LP, LLC, whose parent is ESI Energy, collectively owned 50% of BEP, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has guaranteed certain payment obligations of the EWG 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 guarantees. Fees paid for management and administrative services to affiliated companies totaled $1,455,000 in 2003. Equity capital invested by system companies totaled $125,344,883 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	121,491,156
	Total debt obligations	$	0
	Net loss	$	(14,414,128	)
	FPL Group's equity in net loss	$	(7,207,064	)

(4)   Bayswater Peaking Facility, LLC (Bayswater) is located in Far Rockaway, New York. The business address of Bayswater is 1425 Bay 24th Street, Far Rockaway, NY 11691. The facility is a 54 megawatt oil- and gas-fired simple cycle plant which sells 100% of its power to Long Island Power Authority (LIPA) under an exclusive power tolling arrangement with LIPA. At December 31, 2003, FPL Energy Rockaway Peaking Facilities, LLC owned 100% of Bayswater, an EWG. FPL Energy New York, LLC owned 100% of FPL Energy Rockaway Peaking Facilities, LLC. ESI Energy is the parent of the entity that has an interest in Bayswater. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has guaranteed certain debt and other obligations of the EWG. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obli gations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid for operations, management and administrative services to affiliated companies totaled $284,000 in 2003. Equity capital returned to system companies in excess of equity capital invested by system companies totaled $8,212,572 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	3,437,094
	Total debt obligations	$	54,685,357
	Net income	$	7,190,201
	FPL Group's equity in net income	$	7,190,201
(5)   Blythe Energy, LLC (Blythe) is located in Blythe, California. The business address of Blythe is 15560 W. Hobsonway, Blythe, CA 92225. Blythe is a 507 megawatt natural gas-fired combined cycle merchant plant. At December 31, 2003, FPL Energy Blythe, LLC owned 100% of Blythe, an EWG. FPL Energy Blythe, LLC is wholly-owned by Blythe Energy Acquisitions, LLC which is wholly-owned by ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has guaranteed certain payment obligations of the EWG. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Equity and debt invested by system companies totaled $162,333,497 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	149,527,748
	Total debt obligations (intercompany)	$	275,000,000
	Net loss	$	(9,859,728	)
	FPL Group's equity in net loss	$	(9,859,728	)
(6)   Calhoun Power Company I, LLC (Calhoun) is located in Eastaboga, Alabama. The business address of Calhoun is 720 Green Valley Drive, Eastaboga, AL 36260. The facility is a 668 megawatt natural gas-fired simple-cycle facility which sells its power from Units 1 & 2 to Alabama Power Company and its power from Units 3 & 4 to the market. At December 31, 2003, FPL Energy Construction Funding LLC owned 100% of Calhoun, an EWG. FPL Energy Construction Funding, LLC is wholly-owned by FPL Energy Construction Funding Holdings LLC which is wholly-owned by ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has guaranteed certain debt and other payment obligations of the EWG. 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 t he FPL Group Capital guarantees. Fees paid for operations, management and administrative services to affiliated companies totaled $787,000 in 2003. Equity capital invested by system companies totaled $138,318,701at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	142,924,942
	Total debt obligations	$	110,000,000
	Net income	$	4,817,320
	FPL Group's equity in net income	$	4,817,320
(7)   Delaware Mountain Wind Farm, LP (Delaware Mountain) is located in Culberson County, Texas. The business address of Delaware Mountain is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 30 megawatt wind plant which sells 100% of its power to the Lower Colorado River Authority. At December 31, 2003, FPL Energy Delaware Mountain GP, LLC and FPL Energy Delaware Mountain LP, LLC collectively owned 100% of Delaware Mountain, an EWG. ESI Energy is the parent of the entities that have interests in Delaware Mountain. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $19,279,539 at December 31, 2003.

Capitalization and earnings during the reporting period were:
Total equity	$	18,027,162
Total debt obligations	$	0
Net loss	$	(700,349	)
FPL Group's equity in net loss	$	(700,349	)

(8)   Doswell Limited Partnership (Doswell) is located in Ashland, Virginia. The business address of Doswell is 10098 Old Ridge Road, Ashland, VA 23005. Doswell has two facilities, a 708 megawatt oil- and gas-fired combined cycle plant and a 171 megawatt oil- and gas-fired simple cycle plant, which sell 100% of their power to Virginia Electric and Power Company. At December 31, 2003, 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 is the parent of ESI LP, Inc. and ESI Doswell GP, Inc. 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 had outstanding letters of credit of approximately $13.8 million at December 31, 2003 for obligations under purchase and sale of power and fuel transportation agreements. Senior secured bonds issued by an affiliate of Doswell ar e 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 guarantees and letters of credit. Fees paid for operations, management and administrative services to affiliated companies totaled $1,187,000 in 2003. Equity capital returned to system companies in excess of equity capital invested by system companies totaled $164,777,824 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	9,209,798
	Total debt obligations (intercompany)	$	346,675,000
	Net income	$	40,989,142
	FPL Group's equity in net income	$	40,989,142
(9)   ESI Vansycle Partners, L.P. (Vansycle) is located in Umatilla County, Oregon. The business address of Vansycle is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 25 megawatt wind plant which sells 100% of its power to Portland General Electric Company. At December 31, 2003, ESI Vansycle GP, Inc. (Vansycle GP) and ESI Vansycle LP, Inc. (Vansycle LP) owned 1% and 99%, respectively, of Vansycle, an EWG. Vansycle GP and Vansycle 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. ESI Energy has guaranteed certain payment obligations of the EWG. Fees paid to affiliated companies for operations, management and administrative services totaled $91,000 in 2003. Equity capital invested by system companies totaled $15,042,119 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	21,931,599
	Total debt obligations	$	0
	Net income	$	1,313,595
	FPL Group's equity in net income	$	1,313,595
(10)   FPL Energy Cabazon Wind, LLC (Cabazon) is located in Riverside County, California. The business address of Cabazon is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 40 megawatt wind plant which sells 100% of its power to Southern California Edison. At December 31, 2003, ESI California Holdings, Inc. owned 100% of Cabazon, an EWG. ESI Energy is the parent of the entity that has an interest in Cabazon. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $34,334,932 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	34,310,193
	Total debt obligations	$	0
	Net loss	$	(24,739	)
	FPL Group's equity in net loss	$	(24,739	)

(11)   FPL Energy Green Power Wind, LLC (Green Power) is located in Riverside County, California. The business address of Green Power is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 17 megawatt wind plant which currently sells 100% of its power to the California ISO. At December 31, 2003, ESI California Holdings, Inc. owned 100% of Green Power, an EWG. ESI Energy is the parent of the entity that has an interest in Green Power. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $10,476,334 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	10,413,763
	Total debt obligations	$	0
	Net loss	$	(62,751	)
	FPL Group's equity in net loss	$	(62,751	)
(12)   FPL Energy Hancock County Wind, LLC (Hancock County) is located in Hancock County, Iowa. The business address of Hancock County is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 98 megawatt wind plant which currently sells 82.43% of its power to Interstate Power and Light Company, 6.08% to The Municipal Electric Utility of the City of Cedar Falls, Iowa and 11.49% to Corn Belt Power Cooperative. At December 31, 2003, FPL Energy American Wind, LLC owned 100% of Hancock County, an EWG. FPL Energy American Wind, LLC is a wholly-owned subsidiary of FPL Energy American Wind Holdings, LLC. FPL Energy American Wind Holdings, LLC is a wholly-owned subsidiary of FPL Energy Wind Financing, LLC, which is wholly-owned by FPL Energy Wind Funding, LLC, which is wholly-owned by FPL Energy Wind Funding Holdings, LLC, a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Gr oup Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Wind Funding, LLC and FPL Energy American Wind, LLC which is guaranteed by FPL Group Capital. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid for operations, management and administrative services to affiliated companies totaled $130,000 in 2003. Equity capital invested by system companies totaled $93,948,463 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	94,970,752
	Total debt obligations	$	0
	Net income	$	1,036,513
	FPL Group's equity in net income	$	1,036,513
(13)   FPL Energy Maine, Inc. (FPLE Maine) consists of 1,258 megawatts of hydro and fossil facilities located throughout the state of Maine. The business address of FPLE Maine is 677 Cousins Street, Yarmouth, ME 04096. Power is sold either to the ISO New England power market or to third parties via power sales contracts. At December 31, 2003, FPLE Maine owned 100% of FPL Energy Maine Hydro LLC, FPL Energy Wyman LLC, FPL Energy Cape, LLC, FPL Energy Wyman IV LLC and FPL Energy Spruce Point LLC, all of which are EWGs. FPL Energy Wyman IV LLC owns 61.7831% of WF Wyman IV. FPLE Maine is 100% owned by FPL Energy which is a wholly-owned subsidiary of FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid for operations, management and administrative services totaled $509,000 in 2003. Equity capital invested by system companies totaled $579,177,262 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	454,996,063
	Total debt obligations	$	0
	Net income	$	26,447,245
	FPL Group's equity in net income	$	26,447,245
(14)   FPL Energy MH50, L.P. (MH50, A/K/A Marcus Hook 50) is located in Marcus Hook, Pennsylvania. The business address of MH50 is P.O. Box 426, 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 PJM Interconnection, L.L.C. At December 31, 2003, FPL Energy MH50 GP, LLC and FPL Energy MH50 LP, LLC collectively owned 100% of MH50, an EWG. ESI Energy is the parent of the entities that have interests in MH50. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid for operations, management and administrative services totaled $78,000 in 2003. Equity capital invested by system companies totaled $11,902,201 at December 31, 2003.

	Capitalization and earnings during the reporting period were:
	Total equity	$	13,331,050
	Total debt obligations	$	0
	Net loss	$	(1,514,285	)
	FPL Group's equity in net loss	$	(1,514,285	)
(15)   FPL Energy New Mexico Wind, LLC (New Mexico) is located in Quay and Debaca Counties, New Mexico. The business address of New Mexico is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 204 megawatt wind plant which sells 100% of its power to Public Service Company of New Mexico. FPL Energy New Mexico Holdings, LLC owned 100% of New Mexico, an EWG. FPL Energy New Mexico Holdings, LLC is a wholly-owned subsidiary of FPL Energy New Mexico Wind Financing, LLC which is a wholly-owned subsidiary of FPL Energy New Mexico Wind II, LLC, which is a wholly-owned subsidiary of FPL Energy New Mexico Wind Holdings II, LLC, which is a wholly-owned subsidiary of ESI Northeast Energy LP, Inc. a wholly owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Wind Fundin g, LLC and FPL Energy American Wind, LLC which is guaranteed by FPL Group Capital. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid to affiliated companies for operations, management and administration services totaled $102,000 in 2003. Equity capital returned to system companies in excess of equity capital invested by system companies totaled $2,107,746 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	(8,092,144	)
	Total debt obligations (intercompany)	$	379,506,756
	Net loss	$	(5,984,898	)
	FPL Group's equity in net loss	$	(5,984,898	)
(16)   FPL Energy North Dakota Wind, LLC (North Dakota) is located in LaMoure County, North Dakota. The business address of North Dakota is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 62 megawatt wind plant which sells 100% of its power to Basin Electric Power Cooperative and Otter Tail Power Co. At December 31, 2003, ESI Energy owned 100% of North Dakota, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $61,391,214 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	61,612,766
	Total debt obligations	$	0
	Net income	$	221,552
	FPL Group's equity in net income	$	221,552
(17)   FPL Energy Oklahoma Wind, LLC (Oklahoma) is located in Harper and Woodward Counties, Oklahoma. The business address of Oklahoma is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 51 megawatt wind plant which sells 100% of its power to Oklahoma Municipal Power Authority. ESI Energy owned 100% of Oklahoma, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $52,683,440 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	52,589,419
	Total debt obligations	$	0
	Net loss	$	(94,021	)
	FPL Group's equity in net loss	$	(94,021	)

(18)   FPL Energy Pecos Wind I, LP (Pecos I) and FPL Energy Pecos Wind II, LP (Pecos II) (collectively, A/K/A Woodward Mountain) are located in Upton and Pecos Counties, Texas. The business address of Pecos I and Pecos II is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. Each facility is an 80 megawatt wind plant which sells 100% of its power to TXU Electric Company. At December 31, 2003, 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, 2003, FPL Energy Pecos Wind II GP, LLC and FPL Energy Pecos Wind II LP, LLC collectively owned 100% of Pecos II, an EWG. ESI Energy is the parent of the entities that have an interest in Pecos I and Pecos II. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has issued letters of credit of $2.5 million at December 31, 2003 for obligations under purchase and sale of power agreements. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital letters of credit. Fees paid to affiliated companies for operations, management and administrative services totaled $157,000 in 2003. Equity capital invested by system companies totaled $140,633,116 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	129,920,036
	Total debt obligations	$	0
	Net loss	$	(5,173,645	)
	FPL Group's equity in net loss	$	(5,173,645	)
(19)   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, 2003, 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 operations, management and administrative services totaled $3,779,000 in 2003. Equity capital invested by system companies totaled $846,687,772 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	988,109,095
	Total debt obligations	$	0
	Net income	$	97,181,496
	FPL Group's equity in net income	$	97,181,496
(20)   FPL Energy Sooner Wind, LLC (Sooner) is located in Harper and Woodward Counties, Oklahoma. The business address of Sooner is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 51 megawatt wind plant which sells 100% of its power to Oklahoma Gas & Electric Co. At December 31, 2003, ESI Energy owned 100% of Sooner, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $50,852,531 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	51,221,635
	Total debt obligations	$	0
	Net income	$	369,104
	FPL Group's equity in net income	$	369,104
(21)   FPL Energy South Dakota Wind, LLC (South Dakota) is located in Hyde County, South Dakota. The business address of South Dakota is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 41 megawatt wind plant which sells 100% of its power to Basin Electric Power Cooperative. At December 31, 2003, ESI Energy owned 100% of South Dakota, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $40,119,390 at December 31, 2003.

	Capitalization and earnings during the reporting period were:
	Total equity	$	40,388,399
	Total debt obligations	$	0
	Net income	$	198,911
	FPL Group's equity in net income	$	198,911
(22)   FPL Energy Upton Wind I, LP (Upton I), FPL Energy Upton Wind II, LP (Upton II), FPL Energy Upton Wind III, LP (Upton III), and FPL Energy Upton Wind IV, LP (Upton IV) (collectively, A/K/A King Mountain) are located in Upton County, Texas. The business address of Upton I, Upton II, Upton III and Upton IV is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. Upton I is a 79 megawatt wind plant which sells 100% of its power to Austin Energy. Upton II is a 83 megawatt wind plant which sells 100% of its power to Reliant Energy Renewables, Inc. Upton III is a 79 megawatt wind plant which sells 100% of its power to Reliant Energy Renewables, Inc. Upton IV is a 40 megawatt wind plant which sells 100% of its power to Reliant Energy Renewables, Inc. At December 31, 2003, 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, 2003, FPL Energy Upton Wind II GP, LLC and FPL Energy U pton Wind II LP, LLC collectively owned 100% of Upton II, an EWG. At December 31, 2003, 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, 2003, FPL Energy Upton Wind IV GP, LLC and FPL Energy Upton Wind IV LP, LLC collectively owned 100% of Upton IV, an EWG. ESI Energy is the parent of the entities that have interests in Upton I, Upton II, Upton III and Upton IV. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $154,000 in 2003. Equity capital invested by system companies totaled $277,348,242 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	261,679,842
	Total debt obligations	$	0
	Net loss	$	(3,984,155	)
	FPL Group's equity in net loss	$	(3,984,155	)
(23)   FPL Energy Vansycle L.L.C. (Stateline) is located in Umatilla County, Oregon and Walla Walla County, Washington. The business address of Stateline is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 300 megawatt wind plant which sells 100% of its power to PPM Energy, Inc., formerly Pacificorp Power Marketing. At December 31, 2003, ESI Energy owned 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 Energy has guaranteed certain performance obligations of the EWG. FPL Group Capital has guaranteed debt and other obligations of the EWG. FPL Group Capital has incurred obligations in respect of an outstanding letter of credit of approximately $2.1 million at December 31, 2003. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the obligations of FPL Group Capital in respect of such letters of credit. Fees paid to affiliated companies for management and administrative services totaled $212,000 in 2003. Equity capital invested by system companies totaled $139,667,322 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	128,368,424
	Total debt obligations	$	126,000,000
	Net loss	$	(4,971,225	)
	FPL Group's equity in net loss	$	(4,971,225	)
(24)   FPL Energy Wyoming, LLC (Wyoming) is located in Uinta County, Wyoming. The business address of Wyoming is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 144 megawatt wind plant which sells 100% of its power to PPM Energy, Inc. At December 31, 2003, ESI Energy owned 100% of Wyoming, an EWG. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has guaranteed certain payment obligations of the EWG. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Equity capital invested by system companies totaled $142,855,320 at December 31, 2003.

	Capitalization and earnings during the reporting period were:
	Total equity	$	143,094,397
	Total debt obligations	$	0
	Net income	$	239,077
	FPL Group's equity in net income	$	239,077
(25)   FPLE Forney, L.P. (Forney) and its wholly-owned subsidiary MNM I, L.P. are located in Forney, Texas. The business address of Forney is 13770 West US Highway 80, Forney, TX 75126. The facility is a 1,789 megawatt natural gas-fired combined-cycle facility which sells its power to a variety of facilities as well as to the market. At December 31, 2003, FPL Energy Forney, Inc. and FPL Energy Forney, LLC collectively owned a 100% interest in the capital and a 95% interest in the profits and losses of Forney, an EWG. ESI Energy is the parent of the entities that have an interest is Forney. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has guaranteed certain payment obligations of the EWG. 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 in clude the FPL Group Capital guarantees. Fees paid to affiliated companies for operations, management and administrative services totaled $3,900,000 in 2003. Equity capital invested by system companies totaled $798,439,425 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	797,050,791
	Total debt obligations	$	0
	Net income	$	690,555
	FPL Group's equity in net income	$	656,027
(26)    Rhode Island State Energy Partners L.P. (RISEP) is located in Johnston, Rhode Island. The business address of RISEP is 24 Shun Pike, Johnston, RI 02919. The facility is a 550 megawatt gas-fired combined cycle plant which sells power to the ISO New England power market or to third parties via power sales contracts. At December 31, 2003, Rhode Island State Energy Statutory Trust 2000 owns 100% of RISEP, an EWG, which is leased by FPLE Rhode Island State Energy, L.P. FPLE Rhode Island State Energy GP, Inc. and FPLE Rhode Island State Energy LP, LLC collectively own 100% of FPLE Rhode Island State Energy, L.P. ESI Energy is the parent of FPLE Rhode Island State Energy GP, Inc. and FPLE Rhode Island State Energy LP, LLC. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital had outstanding letters of credit of approximately $12.4 million at December 31, 2003 for obligations under purchase and sale of power and fuel agreements. FPL Group Capital has also guaranteed a portion of the payments due under the notes secured by the RISEP facility. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees and letters of credit. Fees paid to affiliated companies for operations, management and administrative services totaled $880,000 in 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	(16,459,983	)
	Total debt obligations	$	356,248,030
	Net loss	$	(3,841,652	)
	FPL Group's net income impact (1)	$	(3,841,652	)
	_______________________ (1)  FPL Group consolidates the EWG pursuant to FASB Interpretation No. 46, "Consolidation of Variable Interest Entities."
(27)   Gray County Wind Energy, LLC (Gray County) is located in Gray County, Kansas. The business address of Gray County is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 112 megawatt wind plant which sells 100% of its power to Utilicorp United, Inc. At December 31, 2003, FPL Energy Gray County Wind, LLC owned 100% of Gray County, an EWG. ESI Energy is the parent of the entity that has an interest in Gray County. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid to affiliated companies for operations, management and administrative services totaled $181,000 in 2003. Equity capital invested by system companies totaled $87,737,615 at December 31, 2003.

	Capitalization and earnings during the reporting period were:
	Total equity	$	91,480,641
	Total debt obligations	$	0
	Net income	$	1,092,224
	FPL Group's equity in net income	$	1,092,224
(28)   Hawkeye Power Partners, LLC (Hawkeye, A/K/A Cerro Gordo) is located in Cerro Gordo County, Iowa. The business address of Hawkeye is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 41 megawatt wind plant which sells 100% of its power to Interstate Power Company. At December 31, 2003, FPL Energy American Wind, LLC owned 100% of Hawkeye, an EWG. FPL Energy American Wind, LLC is a wholly-owned subsidiary of FPL Energy American Wind Holdings, LLC. FPL Energy American Wind Holdings, LLC is a wholly-owned subsidiary of FPL Energy Wind Financing, LLC, which is wholly-owned by FPL Energy Wind Funding, LLC, which is wholly-owned by FPL Energy Wind Funding Holdings, LLC, a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Wind Funding, LLC an d FPL Energy American Wind, LLC which is guaranteed by FPL Group Capital. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid for operations, management and administrative services to affiliated companies totaled $167,000 in 2003. Equity capital invested by system companies totaled $28,442,149 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	34,174,014
	Total debt obligations	$	0
	Net income	$	54,312
	FPL Group's equity in net income	$	54,312
(29)   High Winds, LLC (High Winds) is located in Solano County, California. The business address of High Winds is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 162 megawatt wind plant which sells 100% of its power to PPM Energy, Inc., formerly PacifiCorp Power Marketing. At December 31, 2003, FPL Energy American Wind, LLC owns 100% of High Winds, an EWG. FPL Energy American Wind, LLC is a wholly-owned subsidiary of FPL Energy American Wind Holdings, LLC. FPL Energy American Wind Holdings, LLC is a wholly-owned subsidiary of FPL Energy Wind Financing, LLC, which is wholly-owned by FPL Energy Wind Funding, LLC, which is wholly-owned by FPL Energy Wind Funding Holdings, LLC, a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Wind Funding , LLC and FPL Energy American Wind, LLC which is guaranteed by FPL Group Capital. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid to affiliated companies for operations, management and administrative services totaled $81,000 in 2003. Equity capital invested by system companies totaled $170,545,148 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	171,081,569
	Total debt obligations	$	0
	Net income	$	536,421
	FPL Group's equity in net income	$	536,421
(30)   Indian Mesa Wind Farm, L.P. (Indian Mesa) is located in Upton County, Texas. The business address of Indian Mesa is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is an 83 megawatt wind plant which sells 61.82% of its power to the Lower Colorado River Authority and 38.18% of its power to TXU Electric Company. At December 31, 2003, FPL Energy Indian Mesa GP, LLC and FPL Energy Indian Mesa LP, LLC collectively owned 100% of Indian Mesa, an EWG. ESI Energy is the parent of the entities that have interests in Indian Mesa. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has incurred obligations in respect of an outstanding letter of credit of approximately $575,000 at December 31, 2003. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital u nder certain of its "Debt," which is defined so as to include the FPL Group Capital in respect of such letters of credit. Equity capital invested by system companies totaled $76,459,667 at December 31, 2003.

	Capitalization and earnings during the reporting period were:
	Total equity	$	74,800,649
	Total debt obligations	$	0
	Net loss	$	(452,582	)
	FPL Group's equity in net loss	$	(452,582	)
(31)   Jamaica Bay Peaking Facility, LLC (Jamaica Bay) is located in Far Rockaway, New York. The business address of Jamaica Bay is 1425 Bay 24th Street, Far Rockaway, NY 11691. The facility is a 54 megawatt oil- and gas-fired simple cycle plant which sells 100% of its power to Long Island Power Authority (LIPA) under an exclusive power tolling arrangement with LIPA. At December 31, 2003, FPL Energy Rockaway Peaking Facilities, LLC owned 100% of Jamaica Bay, an EWG. FPL Energy New York, LLC owned 100% of FPL Energy Rockaway Peaking Facilities, LLC. ESI Energy is the parent of the entity that has an interest in Jamaica Bay. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has guaranteed certain debt and other obligations of the EWG. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid to affiliate companies for operations, management and administrative services totaled $249,000 in 2003. Equity capital returned to system companies in excess of equity capital invested by system companies totaled $6,367,143 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	(4,192,236	)
	Total debt obligations	$	60,292,532
	Net income	$	2,174,907
	FPL Group's equity in net income	$	2,174,907
(32)   Lake Benton Power Partners II, LLC (Lake Benton II) is located in Pipestone County, Minnesota. The business address of Lake Benton II is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 104 megawatt wind plant which sells 100% of its power to Northern States Power. At December 31, 2003, FPL Energy American Wind, LLC owned 100% of Lake Benton II, an EWG. FPL Energy American Wind, LLC is a wholly-owned subsidiary of FPL Energy American Wind Holdings, LLC. FPL Energy American Wind Holdings, LLC is a wholly-owned subsidiary of FPL Energy Wind Financing, LLC, which is wholly-owned by FPL Energy Wind Funding, LLC, which is wholly-owned by FPL Energy Wind Funding Holdings, LLC, a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. The project assets serve as collateral for the debt held at FPL Energy Wind Fund ing, LLC and FPL Energy American Wind, LLC which is guaranteed by FPL Group Capital. FPL Group Capital has outstanding letters of credit of approximately $11.8 million at December 31, 2003 for obligations under purchase and sale of power agreements. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital letters of credit. Fees paid for operations, management and administrative services to affiliated companies totaled $166,000 in 2003. Equity capital invested by system companies totaled $96,945,012 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	86,928,999
	Total debt obligations	$	0
	Net income	$	454,547
	FPL Group's equity in net income	$	454,547
(33)   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 1,000 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, 2003, FPL Energy Paris GP, Inc. and FPL Energy Paris LP, LLC collectively owned 99% of Lamar, an EWG. ESI Energy is the parent of the entities that have an interest in Lamar. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has outstanding letters of credit of approximately $1 million at December 31, 2003 for obligations under purchase and sale of power and fuel agreements and other payments subject to certain contingencies. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligation s of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital letters of credit. Fees paid to affiliated companies for operations, management and administration services totaled $4,700,000 in 2003. Equity capital invested by system companies totaled $303,213,579 at December 31, 2003.

	Capitalization and earnings during the reporting period were:
	Total equity	$	416,167,985
	Total debt obligations	$	0
	Net income	$	14,554,769
	FPL Group's equity in net income	$	14,409,221
(34)   Meyersdale Windpower LLC (Meyersdale) is located in Somerset County, Pennsylvania. The business address of Meyersdale is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 30 megawatt wind plant which sells 100% of its power to FirstEnergy Solutions Corp. At December 31, 2003, FPL Energy Pennsylvania Wind, LLC owned 100% of Meyersdale, an EWG. ESI Energy is the parent of the entity that has an interest in Meyersdale. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $32,275,966 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	32,460,472
	Total debt obligations	$	0
	Net income	$	184,776
	FPL Group's equity in net income	$	184,776
(35)   Mill Run Windpower LLC (Mill Run) is located in Fayette County, Pennsylvania. The business address of Mill Run is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 15 megawatt wind plant which sells 100% of its power to Exelon Generation Company, LLC. At December 31 2003, FPL Energy Pennsylvania Wind, LLC owned 100% of Mill Run, an EWG. ESI Energy is the parent of the entity that has an interest in Mill Run. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Energy has guaranteed certain payment obligations of the EWG. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Equity capital invested by system companies totaled $13,680,028 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	14,167,211
	Total debt obligations	$	0
	Net income	$	487,183
	FPL Group's equity in net income	$	487,183
(36)   Pennsylvania Windfarms, Inc. (PWF, A/K/A Green Mountain) is located in Somerset County, Pennsylvania. The business address of PWF is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 10 megawatt wind plant which sells 100% of its power to Green Mountain Energy Company. At December 31, 2003, FPL Energy Pennsylvania Wind, LLC owned 100% of PWF, an EWG. ESI Energy is the parent of the entity that has an interest in PWF. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $1,324,952 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	2,237,119
	Total debt obligations	$	0
	Net income	$	1,324,952
	FPL Group's equity in net income	$	1,324,952
(37)   Sky River Partnership (Sky River) is located in Kern County, California. The business address of Sky River is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 77 megawatt wind plant which currently sells 100% of its power to Southern California Edison. At December 31, 2003, ESI Sky River Limited Partnership (ESI Sky) and FPL Energy Sky River Wind, LLC (FPLE Sky) collectively owned 100% of the partnership interest in Sky River, an EWG. ESI Sky and FPLE Sky were collectively owned by ESI Sky River, Inc. and ESI LP, Inc. ESI California Holdings, Inc. owned 100% of ESI Sky River, Inc. ESI California Holdings, Inc. and ESI LP, Inc. are wholly-owned by ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Fees paid for operations, management and administrative services to affiliated companies totaled $330,000 in 2003. Equity capital inves ted by system companies totaled $36,346,090 at December 31, 2003.

	Capitalization and earnings during the reporting period were:
	Total equity	$	36,679,714
	Total debt obligations (third party and intercompany)	$	10,529,534
	Net income	$	3,048,283
	FPL Group's equity in net income	$	3,048,283
(38)   Somerset Windpower LLC (Somerset) is located in Somerset County, Pennsylvania. The business address of Somerset is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 9 megawatt plant which sells 100% of its power to Exelon Generation Company, LLC. At December 31, 2003, FPL Energy Pennsylvania Wind, LLC owned 100% of Somerset, an EWG. ESI Energy is the parent of the entity that has an interest in Somerset. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Energy has guaranteed certain payment obligations of the EWG. Equity capital invested by system companies totaled $7,574,402 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	7,746,119
	Total debt obligations	$	0
	Net income	$	171,717
	FPL Group's equity in net income	$	171,717
(39)   Victory Garden Phase IV Partnership (Victory Garden) is located in Kern County, California. The business address of Victory Garden is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 22 megawatt wind plant which currently sells 100% of its power to Southern California Edison. At December 31, 2003, ESI VG Limited Partnership (ESI VG) and FPL Energy VG Wind, LLC (FPLE VG) collectively owned 100% of the partnership interests in Victory Garden, an EWG. ESI VG and FPLE VG were collectively owned by ESI LP, Inc. and ESI Victory, Inc., which are wholly-owned subsidiaries of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. Equity capital invested by system companies totaled $6,394,431 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	6,501,697
	Total debt obligations	$	0
	Net income	$	1,380,091
	FPL Group's equity in net income	$	1,380,091
(40)   Waymart Wind Farm L.P. (Waymart) is located in Wayne County, Pennsylvania. The business address of Waymart is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 65 megawatt wind plant which sells 100% of its power to Exelon Generation Company, LLC. At December 31, 2003, FPL Energy Waymart GP, LLC and FPL Energy Waymart LP, LLC collectively owned 100% of Waymart, an EWG. ESI Energy is the parent of the entities that have an interest in Waymart. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capital, a wholly-owned subsidiary of FPL Group. FPL Group Capital has outstanding letters of credit of approximately $200,000 at December 31, 2003 for obligations under a purchase and sale of power agreement. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital letters of credit. Fees paid for operations, management and administrative services to affiliated companies totaled $24,000 in 2003. Equity capital invested by system companies totaled $81,768,063 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	82,111,101
	Total debt obligations	$	0
	Net income	$	343,038
	FPL Group's equity in net income	$	343,038

(41)   West Texas Wind Energy Partners, L.P. (West Texas Wind, A/K/A Southwest Mesa) is located in Upton and Crockett Counties, Texas. The business address of West Texas Wind is c/o FPL Energy, LLC, Attn: Business Manager, 700 Universe Blvd., Juno Beach, FL 33408. The facility is a 75 megawatt wind plant which sells 100% of its power to American Electric Power. At December 31, 2003, ESI West Texas Energy, Inc. and ESI West Texas Energy LP, LLC collectively owned 100% of West Texas Wind, an EWG. FPL Energy American Wind, LLC is a wholly-owned subsidiary of FPL Energy American Wind Holdings, LLC. FPL Energy American Wind Holdings, LLC is a wholly-owned subsidiary of FPL Energy Wind Financing, LLC, which is wholly-owned by FPL Energy Wind Funding, LLC, which is wholly-owned by FPL Energy Wind Funding Holdings, LLC, a wholly-owned subsidiary of ESI Energy. ESI Energy is a wholly-owned subsidiary of FPL Energy which is wholly-owned by FPL Group Capi tal, a wholly-owned subsidiary of FPL Group. FPL Group Capital has guaranteed certain payment obligations of the EWG. The project assets serve as collateral for the debt held at FPL Energy Wind Funding, LLC and FPL Energy American Wind, LLC which is guaranteed by FPL Group Capital. Under a separate agreement between FPL Group and FPL Group Capital, FPL Group has guaranteed the payment obligations of FPL Group Capital under certain of its "Debt," which is defined so as to include the FPL Group Capital guarantees. Fees paid to affiliated companies for operations, management and administrative services totaled $286,000 in 2003. Equity capital invested by system companies totaled $70,390,842 at December 31, 2003.
	Capitalization and earnings during the reporting period were:
	Total equity	$	58,718,288
	Total debt obligations	$	0
	Net loss	$	(1,847,759	)
	FPL Group's equity in net loss	$	(1,847,759	)

The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer this 26th day of February, 2004.

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

(Corporate Seal)



Attest:

DENNIS P. COYLE

Dennis P. Coyle, 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. ⁽¹⁾
December 31, 2003

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.
*FPL Energy, LLC	Delaware	Juno Beach, FL	Participates in energy market and clean fuel generation.
**BAC Investment Corp.	Delaware	Wilmington, DE	Manages intangible assets.
**ESI Energy, LLC	Delaware	Juno Beach, FL	Participates in energy market and clean fuel generation.
***Alpha Joshua (Prime), Inc.	California	Juno Beach, FL	Inactive.
***Alpha Mariah (Prime), Inc.	California	Juno Beach, FL	Inactive.
***Backbone Windpower Holdings, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***Beta Mariah (Prime), Inc.	California	Juno Beach, FL	Inactive.
***Beta Willow (Prime), Inc.	California	Juno Beach, FL	Inactive.
***Big Sandy Acquisitions, LLC	Delaware	Juno Beach, FL	Inactive.
***Blythe Energy Acquisitions, LLC	Delaware	Juno Beach, FL	Formed to develop gas fired project.
****FPL Energy Blythe, LLC	Delaware	Juno Beach, FL	Formed to develop gas fired project.
***Boulevard Associates, LLC	Delaware	Juno Beach, FL	Inactive.
***Calhoun Power Company II Transmission        Co., LLC	Delaware	Juno Beach, FL	Inactive.
***Calhoun Power Company II, LLC	Delaware	Juno Beach, FL	Inactive.
***Coosa River Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
****Coosa River Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Altamont Acquisitions, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***ESI Bay Area GP, Inc.	Florida	Juno Beach, FL	Participates in a wind power project; operations not material.
***ESI Bay Area, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***ESI Brady, Inc.	Florida	Juno Beach, FL	Inactive.
***ESI California Holdings, Inc.	California	Juno Beach, FL	Holding company.
****CH Ormesa LP, Inc.	Florida	Juno Beach, FL	Participated in a geothermal project.
****CH Ormesa, Inc.	Florida	Juno Beach, FL	Participated in a geothermal project.
****CH POSDEF LP, INC.	Florida	Juno Beach, FL	Participated in a geothermal project.
*****Acme POSDEF Partners, L.P.	Delaware	Juno Beach, FL	Participates in a coal project.
******POSDEF Power Company, L.P.	California	Juno Beach, FL	Participates in a coal project.
****CH POSDEF, INC.	Florida	Juno Beach, FL	Participates in a coal project; operations not material.
****ESI Sky River, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
*****ESI Sky River Limited Partnership	Delaware	Juno Beach, FL	Participates in a wind power project.
*****FPL Energy Sky River Wind, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
****FPL Energy 251 Wind, LLC	Delaware	Juno Beach, FL	Inactive.
*****FPL Energy Sagebrush 20, LLC	California	Juno Beach, FL	Inactive.
****FPL Energy VG Repower Wind, LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Calistoga GP, Inc.	Florida	Juno Beach, FL	Inactive.
***ESI Calistoga LP, Inc.	Florida	Juno Beach, FL	Participated in a geothermal project.
***ESI Cherokee GP, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project; operations not material.
***ESI Cherokee Holdings, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
****Cherokee County Cogeneration Corp.	Delaware	Juno Beach, FL	Inactive.
****ESI Cherokee MGP, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
***ESI Cherokee LP, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
****ESI Cherokee County, L.P.	Delaware	Juno Beach, FL	Participates in a combined-cycle natural gas project.
***ESI Doswell GP, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
****Doswell I, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
***ESI Double "C", Inc.	Florida	Juno Beach, FL	Participates in a natural gas project.
***ESI Ebensburg, Inc.	Florida	Juno Beach, FL	Participates in a coal-fired project.
****Ebensburg Investors Limited Partnership	Pennsylvania	Barberton, OH	Inactive.
***ESI Geothermal Inc.	Florida	Juno Beach, FL	Inactive.
***ESI Kern Front, Inc.	Florida	Juno Beach, FL	Participates in a natural gas project.
***ESI LP, 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.
*****Montenay Montgomery Limited Partnership	Delaware	Juno Beach, FL	Inactive.
****ESI Sky River Limited Partnership	Delaware	Juno Beach, FL	Participates in a wind power project.
****FPL Energy Sky River Wind, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***ESI Lake Benton Holdings, Inc.	Florida	Juno Beach, FL	Manages intangible assets.
***ESI Mojave, Inc.	Florida	Juno Beach, FL	Participates in a wind power project; operations not material.
***ESI Mojave LLC	Delaware	Juno Beach, FL	Participates in wind power project.
***ESI Multitrade LP, Inc.	Florida	Juno Beach, FL	Participates in a wood-burning electric generating project.
***ESI Northeast Energy Acquisition Funding, Inc.	Florida	Juno Beach, FL	Formed to acquire generation assets; operations not material.
***ESI Northeast Energy Funding, Inc.	Florida	Juno Beach, FL	A funding corporation; operations not material.
***ESI Northeast Energy GP, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
***ESI Northeast Energy LP, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
****FPL Energy New Mexico Wind Holdings II, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
*****FPL Energy New Mexico Wind II, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
******FPL Energy New Mexico Wind Financing, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
*******FPL Energy New Mexico Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
********Pacific Power Investments, LLC	Delaware	Wilmington, DE	Manages intangible assets.
***ESI Northeast Fuel Management, Inc.	Florida	Juno Beach, FL	Provides fuel management services.
***ESI Ormesa Debt Holdings LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Ormesa Holdings I LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Ormesa Holdings, Inc.	Florida	Juno Beach, FL	Inactive.
***ESI Ormesa IE Equity, Inc.	Florida	Juno Beach, FL	Inactive.
****ESI Ormesa Equity Holdings LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Ormesa IH Equity LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Pittsylvania, Inc.	Florida	Juno Beach, FL	Participates in a wood-burning electric generating project.
***ESI Prairie Winds GP, L.L.C.	Delaware	Juno Beach, FL	Inactive.
***ESI Prairie Winds LP, L.L.C.	Delaware	Juno Beach, FL	Inactive.
***ESI Sierra, Inc.	Florida	Juno Beach, FL	Participates in a natural gas project.
***ESI Silverado Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
***ESI Tehachapi Acquisitions, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***ESI Vansycle GP, Inc.	Florida	Juno Beach, FL	Participates in a wind power project; operations not material.
***ESI Vansycle LP, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***ESI Victory, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Bastrop GP, 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.
****IDC Bellingham, LLC	Delaware	Juno Beach, FL	Inactive
***FPL Energy Blue Mountain, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Boulder Valley, LLC	Delaware	Juno Beach, FL	Inactive.
****Boulder Valley Power, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy 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	Manages intangible assets.
****FPL Energy Construction Funding LLC	Delaware	Wilmington, DE	Manages intangible assets.
***FPL Energy Delaware Mountain GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Delaware Mountain LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Doswell Holdings, Inc.	Florida	Juno Beach, FL	Participates in a natural gas project.
****Doswell Funding Corporation	Florida	Juno Beach, FL	Manages intangible assets; operations not material.
****UFG Holdings, Inc.	Delaware	Wilmington, DE	Manages intangible assets.
***FPL Energy East Mesa LLC	Delaware	Juno Beach, FL	Participated in a geothermal project.
***FPL Energy Equipment Facility, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Everett LLC	Delaware	Juno Beach, FL	Inactive.
****Northwest Power Company, L.L.C.	Washington	Juno Beach, FL	Inactive.
***FPL Energy Forney, Inc.	Florida	Juno Beach, FL	Participates in a combined-cycle natural gas project.
***FPL Energy Forney, LLC	Delaware	Juno Beach, FL	Participates in a combined-cycle natural gas project.
****FPLE Forney Pipeline, L.P.	Delaware	Juno Beach, FL	Participates in a combined-cycle natural gas project; operations not material.
*****MNM I LP, LLC	Delaware	Juno Beach, FL	Manages intangible assets.
******MNM I, L.P.	Delaware	Juno Beach, FL	Manages intangible assets.
***FPL Energy GRP 91-2, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy GRP 92, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Geo East Mesa Partners, Inc.	Florida	Juno Beach, FL	Manages intangible assets.
***FPL Energy Ginna, LLC	Delaware	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 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 Louisiana Holdings, Inc.	Delaware	Juno Beach, FL	Inactive.
****Red River Energy Development, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy MH50 GP, LLC	Delaware	Juno Beach, FL	Participates in a combined cycle natural gas project.
***FPL Energy MH50 LP, LLC	Delaware	Juno Beach, FL	Participates in a combined cycle natural gas project.
***FPL Energy Marcus Hook LLC	Delaware	Juno Beach, FL	Develop a combined-cycle natural gas project.
****FPL Energy MH700, LLC	Delaware	Juno Beach, FL	Development of a gas-fired project.
****FPL Energy Marcus Hook, L.P.	Delaware	Juno Beach, FL	Develop a combined-cycle natural gas project.
***FPL Energy Mississippi Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
****FPLE Red Bay Development, LLC	Delaware	Juno Beach, FL	Inactive.
****New Albany Energy Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****New Albany Energy Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
****Red Hill Development Company LLC	Delaware	Juno Beach, FL	Inactive.
*****Eastview Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****Sandersville Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
****Union Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****Union Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Mojave Operating Services, LLC	Delaware	Juno Beach, FL	Provides operating and maintenance services for wind projects.
***FPL Energy Morwind, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy New Mexico III, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy New York, LLC	Delaware	Juno Beach, FL	Holding company.
****FPL Energy Rockaway Peaking Facilities, LLC	Delaware	Wilmington, DE	Holding company for peaking project.
****Sunrise Energy Center, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy North Carolina Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy North Dakota Wind II, LLC	Delaware	Juno Beach, FL	Inactive.
****FPL Energy Oklahoma Wind Finance, LLC	Delaware	Wilmington, DE	Manages intangible assets.
***FPL Energy Operating Services, Inc.	Florida	Juno Beach, FL	Provides operating and maintenance services and fuel procurement for projects.
****FPL Energy CO2 Operations, Inc.	Florida	Juno Beach, FL	Provides operating and maintenance services and fuel procurement for projects; operations not material.
****FPL Energy Virginia Power Services, Inc.	Florida	Juno Beach, FL	Manages intangible assets.
****Texas Wind Operating Services, LLC	Delaware	Juno Beach, FL	Provides operating and maintenance services for Texas projects; operations not material.
***FPL Energy PRG, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Paris GP, Inc.	Delaware	Juno Beach, FL	Participates in a natural gas project.
***FPL Energy Paris LP, LLC	Delaware	Juno Beach, FL	Participates in a natural gas project.
*****INTEXCO I LP, LLC	Delaware	Juno Beach, FL	Participates in a natural gas project.
*****INTEXCO I, LP	Delaware	Juno Beach, FL	Participates in a natural gas project.
***FPL Energy Pecos Wind I GP, LLC	Delaware	Juno Beach, FL	Wind project.
***FPL Energy Pecos Wind I LP, LLC	Delaware	Juno Beach, FL	Wind project.
***FPL Energy Pecos Wind II GP, LLC	Delaware	Juno Beach, FL	Wind project.
***FPL Energy Pecos Wind II LP, LLC	Delaware	Juno Beach, FL	Wind project.
***FPL Energy Pennsylvania Wind, LLC	Delaware	Juno Beach, FL	Wind project.
***FPL Energy Sacramento Power, LLC	Delaware	Juno Beach, FL	Inactive.
****FPL Energy New England Transmission LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Solar Funding Corp.	Florida	Juno Beach, FL	Inactive.
***FPL Energy South Carolina Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
****Cherokee Falls Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****Cherokee Falls Power Development Company,        LLC	Delaware	Juno Beach, FL	Inactive.
****FPL Energy Anderson, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Stateline Holdings, L.L.C.	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Stateline II Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
****FPL Energy Stateline II, Inc.	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Tennessee Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
****Flint Valley Energy Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****Flint Valley Energy Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
****Milan Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
*****Milan Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Terra, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Upton Wind I GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Upton Wind I LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Upton Wind II GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Upton Wind II LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Upton Wind III GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Upton Wind III LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Upton Wind IV GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project; operations not material.
***FPL Energy Upton Wind IV LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Valley Power, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Virginia Holdings, Inc.	Florida	Juno Beach, FL	Holding company; operations not material.
****FPL Energy Virginia Funding Corporation	Delaware	Wilmington, DE	Manages intangible assets.
***FPL Energy WPP 93 GP, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy WPP 93 LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Waymart GP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Waymart LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
***FPL Energy Westside Power, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy White Oak, LLC	Delaware	Juno Beach, FL	Inactive.
****White Oak Power Company, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Wind Funding Holdings, LLC	Delaware	Juno Beach, FL	Manages intangible assets.
****FPL Energy Wind Funding, LLC	Delaware	Juno Beach, FL	Manages intangible assets.
*****FPL Energy Wind Financing, LLC	Delaware	Juno Beach, FL	Manages intangible assets.
******FPL Energy American Wind Holdings, LLC	Delaware	Juno Beach, FL	Manages intangible assets.
*******FPL Energy American Wind, LLC	Delaware	Wilmington, DE	Manages intangible assets.
********ESI West Texas Energy LP, LLC	Delaware	Juno Beach, FL	Participates in a wind power project.
********ESI West Texas Energy, Inc.	Florida	Juno Beach, FL	Participates in a wind power project.
***FPL Energy WindRidge Acquisitions, LLC	Delaware	Juno Beach, FL	Inactive.
***FPL Energy Wisconsin Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
****FPL Energy Wisconsin Wind, LLC	Delaware	Juno Beach, FL	Inactive.
****Uinta County Wind Farm L.L.C.	Delaware	Juno Beach, FL	Inactive.
***FPLE Pecos Leasing GP, LLC	Delaware	Juno Beach, FL	Inactive.
***FPLE Pecos Leasing LP, LLC	Delaware	Juno Beach, FL	Inactive.
****FPLE Pecos Wind Leasing Co., LP	Delaware	Juno Beach, FL	Inactive.
***FPLE Rhode Island State Energy GP, Inc.	Florida	Juno Beach, FL	Participates in a natural gas project.
***FPLE Rhode Island State Energy LP, LLC	Delaware	Juno Beach, FL	Participates in a natural gas project.
****FPLE Rhode Island State Energy, L.P.	Delaware	Juno Beach, FL	Entity is the lessee of an EWG.
***FPLE Texas Wind I, LLC	Delaware	Juno Beach, FL	Inactive.
***FPLE Upton Leasing GP, LLC	Delaware	Juno Beach, FL	Inactive.
***FPLE Upton Leasing LP, LLC	Delaware	Juno Beach, FL	Inactive.
****FPLE Upton Wind Leasing Co., LP	Delaware	Juno Beach, FL	Inactive.
***Harper Lake Acquisitions, Inc.	Florida	Juno Beach, FL	Inactive.
***Harper Lake Holdings, Inc.	Florida	Juno Beach, FL	Inactive.
***Harper Lake Management, Inc.	Florida	Juno Beach, FL	Inactive.
***High Desert Land Acquisition LLC	Delaware	Juno Beach, FL	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.
***LET Holdings, LLC	Delaware	Juno Beach, FL	Inactive.
***Limerick Partners, LLC	Delaware	Juno Beach, FL	Inactive.
***MES Financial Corp.	Delaware	Wilmington, DE	Manages intangible assets.
***Midway Power, LLC	Delaware	Juno Beach, FL	Manages intangible assets.
***Northern Cross Investments, Inc.	Delaware	Wilmington, DE	Manages intangible assets.
***OTG, LLC	Delaware	Juno Beach, FL	Formed to invest in partnerships.
***Oconee River Development Company, LLC	Delaware	Juno Beach, FL	Inactive.
****Oconee River Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
***Philadelphia Refinery Generation, LLC	Delaware	Juno Beach, FL	Inactive.
****Philadelphia Energy Center, L.P.	Delaware	Juno Beach, FL	Inactive.
***Southern Sierra Power, LLC	Delaware	Juno Beach, FL	Inactive.
***Sullivan Street Investments, Inc.	Delaware	Wilmington, DE	Manages intangible assets.
***Summer Shade Transmission Company, LLC	Delaware	Juno Beach, FL	Inactive.
***Timber Creek Power Company, LLC	Delaware	Juno Beach, FL	Inactive.
****Chaplin's Acreage Transmission Company LLC	Delaware	Juno Beach, FL	Inactive.
***Tower Associates, LLC	Delaware	Juno Beach, FL	Inactive.
**FPL Energy East Mesa Holdings LLC	Delaware	Juno Beach, FL	Inactive.
**FPL Energy Maine, Inc.	Delaware	Juno Beach, FL	Participates in generation assets.
***FPL Energy Cape, LLC	Delaware	Juno Beach, FL	Participates in generation assets.
***FPL Energy Maine Hydro LLC	Delaware	Juno Beach, FL	Participates in generation assets.
****Kennebec Hydro Resources, Inc.	Maine	Juno Beach, FL	Participates in generation assets.
***FPL Energy Maine Operating Services LLC	Delaware	Juno Beach, FL	Provides operating and maintenance services for a power company.
***FPL Energy Mason LLC	Delaware	Juno Beach, FL	Participates in generation assets.
***FPL Energy Spruce Point LLC	Delaware	Juno Beach, FL	Provider of services for fossil and hydro generation facilities, operations not material.
***FPL Energy Wyman IV LLC	Delaware	Juno Beach, FL	Participates in generation assets.
***FPL Energy Wyman LLC	Delaware	Juno Beach, FL	Participates in generation assets.
**FPL Energy Montana, LLC	Delaware	Juno Beach, FL	Inactive.
**FPL Energy Power Marketing, Inc.	Florida	Juno Beach, FL	Provides retail marketing services.
**FPL Energy Project Management, Inc.	Florida	Juno Beach, FL	Provides employee services.
***Blythe Project Management, LLC	Delaware	Juno Beach, FL	Construction agent for a gas-fired merchant facility; operations not material.
**FPL Group International, Inc.	Florida	Juno Beach, FL	Participates in international power projects.
***FPL Group International South America II, Inc.	Florida	Juno Beach, FL	Inactive.
****FPL Group International Brazil (Cayman) II, Inc.	Cayman	Cayman Islands B.W.I.	Inactive.
***FPL Group International South America, Inc.	Florida	Juno Beach, FL	Inactive.
***FPL Mamonal, Inc.	Florida	Juno Beach, FL	Inactive.
***FPL-I TPP	Florida	Juno Beach, FL	Inactive.
****FPL-I TPP II	Cayman	Cayman Island B.W.I.	Inactive.
***Karaha Bodas Investment Corp.	Cayman	Cayman Islands, B.W.I.	Participates in international power projects.
**Square Lake Holdings, Inc.	Delaware	Wilmington, DE	Manages intangible assets.
*FPL FiberNet, LLC	Delaware	Miami, FL	Exempt telecommunications company.
*FPL Group Holdings 1, Inc.	Florida	Juno Beach, FL	Inactive.
*FPL Group Holdings 2, Inc.	Florida	Juno Beach, FL	Inactive.
*FPL Group Resources, LLC	Florida	Juno Beach, FL	Identifying, evaluating and transacting on natural gas business activities.
*North American Power Systems	Delaware	Juno Beach, FL	Purchase and sale of spare parts.
*FPL Holdings Inc	Florida	Juno Beach, FL	Holds certain fixed assets used by FPL Group.
**Colonial Penn Capital Holdings, Inc.	Delaware	Juno Beach, FL	Holds the stock of Bay Loan and Investment Bank.
***Bay Loan and Investment Bank	Rhode Island	Juno Beach, FL	Inactive.
*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.
*Pipeline Funding, LLC	Alabama	Juno Beach, FL	Provide financing for pipeline expansion.
*Praxis Group, Inc.	Delaware	Miami, FL	Holds certain immaterial assets and liabilities, but no longer actively in business.
*Turner Foods Corporation	Florida	Punta Gorda, FL	Holding company.
*West Boca Security, Inc.	Delaware	Wilmington, DE	Holds note receivable.
FPL Group Foundation, Inc.	Florida	Juno Beach, FL	Formed to become a nonprofit corporation for charitable purposes.
Florida Power & Light Company	Florida	Juno Beach, FL	Electric utility company.
*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.
*KPB Financial Corp.	Delaware	Wilmington, DE	Formed to manage intangible assets.
*FPL Historical Museum, Inc.	Florida	Juno Beach, FL	A not-for-profit corporation formed to collect and preserve tangible objects that help interpret or describe the history of Florida Power & Light Company.

_________________________

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

EX-99

EXHIBIT AA 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 - 5
Alandco Inc. and Subsidiaries	6
HJT & LCR Holdings and Subsidiaries	7
FPL Energy, LLC and Subsidiaries	8 - 61

FPL GROUP, INC. AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ 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	$21,368	$7,076	$1	$28,445
Nuclear fuel	0	380	83	0	463
Construction work in progress	0	741	624	(1)	1,364
Less accumulated depr. & amort.	0	(9,237)	(738)	0	(9,975)
Total prop., plant and eqpt. - net	0	13,252	7,045	0	20,297
CURRENT ASSETS
Cash and cash equivalents	27	4	98	0	129
Customer receivables - net	0	636	180	0	816
Other receivables	16	151	256	(52)	371
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	355	104	(1)	458
Deferred clause expenses	0	348	0	0	348
Other	0	179	167	2	348
Total current assets	43	1,673	805	(51)	2,470
OTHER ASSETS:
Special use funds	0	1,974	274	0	2,248
Other investments	7,237	9	1,025	(7,461)	810
Other	91	909	192	(81)	1,110
Total other assets	7,328	2,892	1,491	(7,542)	4,168
TOTAL ASSETS	$7,371	$17,817	$9,341	($7,593)	$26,935
CAPITALIZATION
Common shareholders' equity	$6,967	$6,004	$1,214	($7,218)	$6,967
Pref. stk. of FPL w/o sinking fund require.	0	5	0	0	5
Long-term debt	0	3,074	5,649	0	8,723
Total capitalization	6,967	9,083	6,863	(7,218)	15,695
CURRENT LIABILITIES
Commercial paper	0	630	78	0	708
Notes payable	0	0	212	0	212
Current maturities of long-term debt	0	0	367	0	367
Accounts payable	0	435	107	0	542
Customers' deposits	0	346	11	0	357
Accrued interest and taxes	(8)	160	67	7	226
Deferred clause revenues	0	48	0	0	48
Other	70	516	364	(57)	893
Total current liabilities	62	2,135	1,206	(50)	3,353
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	1,908	178	0	2,086
Accrued asset removal costs	0	1,902	0	0	1,902
Accumulated deferred income taxes	(5)	1,415	826	(81)	2,155
Storm and property insurance reserve	0	327	0	0	327
Other	347	1,047	268	(244)	1,417
Total other liab. & def. credits	342	6,599	1,272	(325)	7,887
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$7,371	$17,817	$9,341	($7,593)	$26,935
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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	$8,293	$1,337	$0	$9,630
OPERATING EXPENSES
Fuel, purchased power & interchange	0	4,047	492	0	4,539
Other operations and maintenance	0	1,250	376	0	1,626
Depreciation & amortization	0	898	207	0	1,105
Taxes other than income taxes	0	769	60	0	829
Total operating expenses	0	6,964	1,135	0	8,099
OPERATING INCOME	0	1,329	202	0	1,531
OTHER INCOME (DEDUCTIONS):
Interest charges	(28)	(173)	(204)	26	(379)
Preferred stock dividends - FPL	0	(13)	0	0	(13)
Loss on redemption of preferred stock - FPL	0	(9)	0	0	(9)
Equity in earnings of equity method investees	902	0	89	(902)	89
Other - net	1	2	65	(26)	42
Total other deductions - net	875	(193)	(50)	(902)	(270)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	875	1,136	152	(902)	1,261
INCOME TAXES	(15)	403	(20)	0	368
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	890	733	172	(902)	893
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No.46, "Consol. of Variable
Interest Entities," net of income taxes of $2	0	0	(3)	0	(3)
NET INCOME (LOSS)	890	733	169	(902)	890
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3,281	295	(671)	376	3,281
DEDUCT:
Dividends	425	715	0	(715)	425
Other	1	0	0	0	1
RET. EARNINGS (DEF.) AT END OF YEAR	$3,745	$313	($502)	$189	$3,745

FLORIDA POWER & LIGHT COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)						2
ASSETS	Florida Power & Light Company	KPB Financial Corp.	FPL Enersys, Inc.	FPL Fuels, Inc.	Adjusting & Elim. Entries	Florida Power & Light Company Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$21,368	$0	$0	$0	$0	$21,368
Nuclear fuel	0	0	0	380	0	380
Construction work in progress	741	0	0	0	0	741
Less accumulated depr. & amort.	(8,984)	(17)	0	(236)	0	(9,237)
Total prop., plant and eqpt. - net	13,125	(17)	0	144	0	13,252
CURRENT ASSETS
Cash and cash equivalents	0	0	0	3	1	4
Customer receivables - net	222	413	0	0	1	636
Other receivables	593	58	0	17	(517)	151
Mat'ls., supplies & fossil fuel inv. - at avg. cost	355	0	0	0	0	355
Deferred clause expenses	348	0	0	0	0	348
Other	181	0	0	0	(2)	179
Total current assets	1,699	471	0	20	(517)	1,673
OTHER ASSETS:
Special use funds	1,382	592	0	0	0	1,974
Other investments	578	6	0	0	(575)	9
Other	1,731	0	0	1	(823)	909
Total other assets	3,691	598	0	1	(1,398)	2,892
TOTAL ASSETS	$18,515	$1,052	$0	$165	($1,915)	$17,817
CAPITALIZATION
Common shareholders' equity	$6,004	$575	$0	$0	($575)	$6,004
Pref. stk. of FPL w/o sinking fund require.	5	0	0	0	0	5
Long-term debt	2,939	0	0	135	0	3,074
Total capitalization	8,948	575	0	135	(575)	9,083
CURRENT LIABILITIES
Commercial paper	612	0	0	19	(1)	630
Notes payable	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0
Accounts payable	424	0	0	11	0	435
Customers' deposits	346	0	0	0	0	346
Accrued interest and taxes	182	0	0	0	(22)	160
Deferred clause revenues	48	0	0	0	0	48
Other	439	478	0	0	(401)	516
Total current liabilities	2,051	478	0	30	(424)	2,135
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1,908	0	0	0	0	1,908
Accrued asset removal costs	1,902	0	0	0	0	1,902
Accumulated deferred income taxes	2,283	0	0	0	(868)	1,415
Storm and property insurance reserve	328	(1)	0	0	0	327
Other	1,095	0	0	0	(48)	1,047
Total other liab. & def. credits	7,516	(1)	0	0	(916)	6,599
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$18,515	$1,052	$0	$165	($1,915)	$17,817
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	Florida Power & Light Company	KPB Financial Corp.	FPL Enersys, Inc.	FPL Fuels, Inc.	Adjusting & Elim. Entries	Florida Power & Light Company Consolidated
OPERATING REVENUES	$8,293	$0	$0	$34	($34)	$8,293
OPERATING EXPENSES
Fuel, purchased power & interchange	4,048	0	0	33	(34)	4,047
Other operations and maintenance	1,250	0	0	0	0	1,250
Depreciation & amortization	898	0	0	0	0	898
Taxes other than income taxes	770	0	0	(1)	0	769
Total operating expenses	6,966	0	0	32	(34)	6,964
OPERATING INCOME	1,327	0	0	2	0	1,329
OTHER INCOME (DEDUCTIONS):
Interest charges	(171)	0	0	(2)	0	(173)
Preferred stock dividends - FPL	(13)	0	0	0	0	(13)
Loss on redemption of preferred stock - FPL	(9)	0	0	0	0	(9)
Equity in earnings of equity method investees	22	0	0	0	(22)	0
Other - net	(21)	24	0	0	(1)	2
Total other deductions - net	(192)	24	0	(2)	(23)	(193)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	1,135	24	0	0	(23)	1,136
INCOME TAXES	402	2	0	0	(1)	403
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	733	22	0	0	(22)	733
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No.46, "Consol. of Variable
Interest Entities," net of income taxes of $2	0	0	0	0	0	0
NET INCOME (LOSS)	733	22	0	0	(22)	733
RET. EARNINGS (DEF.) AT BEG. OF YEAR	295	60	0	0	(60)	295
DEDUCT:
Dividends	715	0	0	0	0	715
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$313	$82	$0	$0	($82)	$313

FPL GROUP CAPITAL INC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)								3
ASSETS	FPL Group Capital Inc	Alandco Inc. Consolidated	FPL Energy, LLC Consolidated	FPL Energy Services, Inc.	FPL FiberNet, LLC	FPL Group Resources, LLC	North American  Power Systems	Palms Insurance Company, Ltd.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$6,793	$1	$283	$0	$0	$0
Nuclear fuel	0	0	83	0	0	0	0	0
Construction work in progress	0	0	619	0	5	0	0	0
Less accumulated depr. & amort.	0	0	(672)	0	(67)	0	0	0
Total prop., plant and eqpt. - net	0	0	6,823	1	221	0	0	0
CURRENT ASSETS
Cash and cash equivalents	109	0	74	0	(1)	0	0	9
Customer receivables - net	0	0	170	7	3	0	0	0
Other receivables	28	0	212	6	13	1	0	2
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	87	0	17	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0	0
Other	5	0	163	0	1	0	0	1
Total current assets	142	0	706	13	33	1	0	12
OTHER ASSETS:
Special use funds	0	0	274	0	0	0	0	0
Other investments	7,516	0	456	0	0	0	0	57
Other	12	1	181	0	37	0	0	1
Total other assets	7,528	1	911	0	37	0	0	58
TOTAL ASSETS	$7,670	$1	$8,440	$14	$291	$1	$0	$70
CAPITALIZATION
Common shareholders' equity	$1,214	$1	$5,188	$8	$240	$1	$0	$22
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0	0
Long-term debt	3,977	0	1,673	0	0	0	0	0
Total capitalization	5,191	1	6,861	8	240	1	0	22
CURRENT LIABILITIES
Commercial paper	171	0	0	0	0	0	0	0
Notes payable	200	0	12	0	0	0	0	0
Current maturities of long-term debt	275	0	91	0	0	0	0	0
Accounts payable	4	0	105	0	2	0	0	0
Customers' deposits	0	0	11	0	0	0	0	0
Accrued interest and taxes	35	0	31	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	4	0	348	5	8	0	0	7
Total current liabilities	689	0	598	5	10	0	0	7
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	178	0	0	0	0	0
Accumulated deferred income taxes	48	0	651	0	35	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0	0
Other	1,742	0	152	1	6	0	0	41
Total other liab. & def. credits	1,790	0	981	1	41	0	0	41
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$7,670	$1	$8,440	$14	$291	$1	$0	$70
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	FPL Group Capital Inc	Alandco Inc. Consolidated	FPL Energy, LLC Consolidated	FPL Energy Services, Inc.	FPL FiberNet, LLC	FPL Group Resources, LLC	North American Power Systems	Palms Insurance Company, Ltd.
OPERATING REVENUES	$0	$0	$1,252	$18	$52	$0	$0	$18
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	480	13	0	0	0	0
Other operations and maintenance	2	0	337	3	24	2	0	10
Depreciation & amortization	0	0	187	0	20	0	0	0
Taxes other than income taxes	0	0	55	0	5	0	0	0
Total operating expenses	2	0	1,059	16	49	2	0	10
OPERATING INCOME	(2)	0	193	2	3	(2)	0	8
OTHER INCOME (DEDUCTIONS):
Interest charges	(101)	0	(124)	0	(6)	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	240	0	89	0	0	0	0	0
Other - net	(8)	0	35	0	0	0	0	3
Total other deductions - net	131	0	0	0	(6)	0	0	3
INCOME FROM OPERATIONS BEFORE INCOME TAXES	129	0	193	2	(3)	(2)	0	11
INCOME TAXES	(40)	0	(4)	1	(1)	(1)	0	4
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	169	0	197	1	(2)	(1)	0	7
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No.46, "Consol. of Variable
Interest Entities," net of income taxes of $2	0	0	(3)	0	0	0	0	0
NET INCOME (LOSS)	169	0	194	1	(2)	(1)	0	7
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(671)	(6)	26	(42)	(32)	0	0	11
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($502)	($6)	$220	($41)	($34)	($1)	$0	$18

FPL GROUP CAPITAL INC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)								4
ASSETS	CAS Investments, Inc.	HJT & LCR Holdings Consolidated	FPL Holdings Inc.	FPL Investments, Inc.	Pipeline Funding, LLC	West Boca Security, Inc.	Turner Foods Corporation	Adjusting & Elim. Entries
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0	$0	($1)
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0	0	0	1
Total prop., plant and eqpt. - net	0	0	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	(93)
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	1	7	0	10	(2)	8	0	(30)
Mat'ls., supplies & fossil fuel inv. - at avg. cost	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	(3)
Total current assets	1	7	0	10	(2)	8	0	(126)
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	1,247	490	0	94	47	325	0	(9,207)
Other	0	0	0	0	2	0	0	(42)
Total other assets	1,247	490	0	94	49	325	0	(9,249)
TOTAL ASSETS	$1,248	$497	$0	$104	$47	$333	$0	($9,375)
CAPITALIZATION
Common shareholders' equity	$1,242	$497	$0	($1)	$41	$288	$0	($7,527)
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	(1)
Total capitalization	1,242	497	0	(1)	41	288	0	(7,528)
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	(93)
Notes payable	0	0	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0	0	1
Accounts payable	0	0	0	0	0	0	0	(4)
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	13	0	0	0	(12)
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	7	0	0	0	2	4	0	(21)
Total current liabilities	7	0	0	13	2	4	0	(129)
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	92	0	42	0	(42)
Storm and property insurance reserve	0	0	0	0	0	0	0	0
Other	(1)	0	0	0	4	(1)	0	(1,676)
Total other liab. & def. credits	(1)	0	0	92	4	41	0	(1,718)
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1,248	$497	$0	$104	$47	$333	$0	($9,375)
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	CAS Investments, Inc.	HJT & LCR Holdings Consolidated	FPL Holdings Inc.	FPL Investments, Inc.	Pipeline Funding, LLC	West Boca Security, Inc.	Turner Foods Corporation	Adjusting & Elim. Entries
OPERATING REVENUES	$0	$0	$0	$0	$0	$0	$0	($3)
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	(1)
Other operations and maintenance	0	0	0	0	0	0	0	(2)
Depreciation & amortization	0	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0	0	(3)
OPERATING INCOME	0	0	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	27
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	0	(240)
Other - net	22	28	0	0	1	11	0	(27)
Total other deductions - net	22	28	0	0	1	11	0	(240)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	22	28	0	0	1	11	0	(240)
INCOME TAXES	8	10	0	0	0	4	0	(1)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	14	18	0	0	1	7	0	(239)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No.46, "Consol. of Variable
Interest Entities," net of income taxes of $2	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	14	18	0	0	1	7	0	(239)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	138	135	0	(20)	0	174	(8)	(376)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$152	$153	$0	($20)	$1	$181	($8)	($615)

FPL GROUP CAPITAL INC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)	5
ASSETS	FPL Group Capital Inc Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$7,076
Nuclear fuel	83
Construction work in progress	624
Less accumulated depr. & amort.	(738)
Total prop., plant and eqpt. - net	7,045
CURRENT ASSETS
Cash and cash equivalents	98
Customer receivables - net	180
Other receivables	256
Mat'ls., supplies & fossil fuel inv. - at avg. cost	104
Deferred clause expenses	0
Other	167
Total current assets	805
OTHER ASSETS:
Special use funds	274
Other investments	1,025
Other	192
Total other assets	1,491
TOTAL ASSETS	$9,341
CAPITALIZATION
Common shareholders' equity	$1,214
Pref. stk. of FPL w/o sinking fund require.	0
Long-term debt	5,649
Total capitalization	6,863
CURRENT LIABILITIES
Commercial paper	78
Notes payable	212
Current maturities of long-term debt	367
Accounts payable	107
Customers' deposits	11
Accrued interest and taxes	67
Deferred clause revenues	0
Other	364
Total current liabilities	1,206
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	178
Accumulated deferred income taxes	826
Storm and property insurance reserve	0
Other	268
Total other liab. & def. credits	1,272
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$9,341
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)
INCOME STATEMENT	FPL Group Capital Inc Consolidated
OPERATING REVENUES	$1,337
OPERATING EXPENSES
Fuel, purchased power & interchange	492
Other operations and maintenance	376
Depreciation & amortization	207
Taxes other than income taxes	60
Total operating expenses	1,135
OPERATING INCOME	202
OTHER INCOME (DEDUCTIONS):
Interest charges	(204)
Preferred stock dividends - FPL	0
Loss on redemption of preferred stock - FPL	0
Equity in earnings of equity method investees	89
Other - net	65
Total other deductions - net	(50)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	152
INCOME TAXES	(20)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	172
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No.46, "Consol. of Variable
Interest Entities," net of income taxes of $2	(3)
NET INCOME (LOSS)	169
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(671)
DEDUCT:
Dividends	0
Other	0
RET. EARNINGS (DEF.) AT END OF YEAR	($502)

ALANDCO INC. AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)					6
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	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	0	1	1	(1)	1
Total other assets	3	1	1	(4)	1
TOTAL ASSETS	$1	$1	$3	($4)	$1
CAPITALIZATION
Common shareholders' equity	$1	$1	$3	($4)	$1
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	3	(4)	1
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Notes 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
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	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	$1	$1	$3	($4)	$1
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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
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
Loss on redemption of preferred stock - FPL	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
IN ACCOUNTING PRINCIPLE	0	0	0	0	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No.46, "Consol. of Variable
Interest Entities," net of income taxes of $2	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(6)	3	(21)	18	(6)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($6)	$3	($21)	$18	($6)

HJT & LCR HOLDINGS AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ 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	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	7	0	0	0	0	7
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	7	0	0	0	0	7
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	490	497	0	497	(994)	490
Other	(1)	0	0	0	1	0
Total other assets	489	497	0	497	(993)	490
TOTAL ASSETS	$496	$497	$0	$497	($993)	$497
CAPITALIZATION
Common shareholders' equity	$497	$497	$0	$497	($994)	$497
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	497	497	0	497	(994)	497
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Notes 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	(1)	0	0	0	1	0
Deferred clause revenues	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total current liabilities	(1)	0	0	0	1	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	0
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	$496	$497	$0	$497	($993)	$497
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ 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
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
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	18	0	18	(36)	0
Other - net	28	0	0	0	0	28
Total other deductions - net	28	18	0	18	(36)	28
INCOME FROM OPERATIONS BEFORE INCOME TAXES	28	18	0	18	(36)	28
INCOME TAXES	10	0	0	0	0	10
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	18	18	0	18	(36)	18
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No.46, "Consol. of Variable
Interest Entities," net of income taxes of $2	0	0	0	0	0	0
NET INCOME (LOSS)	18	18	0	18	(36)	18
RET. EARNINGS (DEF.) AT BEG. OF YEAR	135	135	0	135	(270)	135
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$153	$153	$0	$153	($306)	$153

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ 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	$6,793	($25)	$0	$6,227	$591
Nuclear fuel	83	0	0	83	0
Construction work in progress	619	1	0	575	43
Less accumulated depr. & amort.	(672)	(1)	0	(605)	(66)
Total prop., plant and eqpt. - net	6,823	(25)	0	6,280	568
CURRENT ASSETS
Cash and cash equivalents	74	0	0	74	0
Customer receivables - net	170	(1)	0	58	113
Other receivables	212	(452)	1	540	123
Mat'ls., supplies & fossil fuel inv. - at avg. cost	87	1	0	81	5
Deferred clause expenses	0	0	0	0	0
Other	163	1	0	100	62
Total current assets	706	(451)	1	853	303
OTHER ASSETS:
Special use funds	274	0	0	274	0
Other investments	456	(4,114)	0	376	4,194
Other	181	(72)	4	136	113
Total other assets	911	(4,186)	4	786	4,307
TOTAL ASSETS	$8,440	($4,662)	$5	$7,919	$5,178
CAPITALIZATION
Common shareholders' equity	$5,188	($3,841)	($3)	$4,421	$4,611
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	1,673	(281)	0	1,954	0
Total capitalization	6,861	(4,122)	(3)	6,375	4,611
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Notes payable	12	0	0	12	0
Current maturities of long-term debt	91	10	0	81	0
Accounts payable	105	0	0	35	70
Customers' deposits	11	1	0	0	10
Accrued interest and taxes	31	(242)	7	32	234
Deferred clause revenues	0	0	0	0	0
Other	348	(211)	1	335	223
Total current liabilities	598	(442)	8	495	537
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	178	(1)	0	174	5
Accumulated deferred income taxes	651	(86)	0	737	0
Storm and property insurance reserve	0	0	0	0	0
Other	152	(11)	0	138	25
Total other liab. & def. credits	981	(98)	0	1,049	30
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$8,440	($4,662)	$5	$7,919	$5,178
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	FPL Energy, LLC Consolidated	Elims	FPL Group International, Inc. Consolidated	ESI Energy, LLC Consolidated	FPL Energy, LLC Consolidated
OPERATING REVENUES	$1,252	$972	$0	$1,095	($815)
OPERATING EXPENSES			0
Fuel, purchased power & interchange	480	983	0	413	(916)
Other operations and maintenance	337	1	1	243	92
Depreciation & amortization	187	(2)	0	170	19
Taxes other than income taxes	55	(1)	0	41	15
Total operating expenses	1,059	981	1	867	(790)
OPERATING INCOME	193	(9)	(1)	228	(25)
OTHER INCOME (DEDUCTIONS):
Interest charges	(124)	11	0	(73)	(62)
Preferred stock dividends - FPL	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0
Equity in earnings of equity method investees	89	4	0	84	1
Other - net	35	(3)	0	3	35
Total other deductions - net	0	12	0	14	(26)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	193	3	(1)	242	(51)
INCOME TAXES	(4)	2	0	18	(24)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	197	1	(1)	224	(27)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes benefit of $2	(3)	0	0	(3)	0
NET INCOME (LOSS)	194	1	(1)	221	(27)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	26	0	(29)	548	(493)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$220	$1	($30)	$769	($520)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ 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	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	7	(6)	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	1	7	(6)	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(24)	24	0
Other	4	0	4	0
Total other assets	4	(24)	28	0
TOTAL ASSETS	$5	($17)	$22	$0
CAPITALIZATION
Common shareholders' equity	($3)	($24)	$22	($1)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	(3)	(24)	22	(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	7	7	0	0
Deferred clause revenues	0	0	0	0
Other	1	0	0	1
Total current liabilities	8	7	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	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	$5	($17)	$22	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	FPL Group International, Inc. Consolidated	Elims	FPL Group International, Inc.	Karaha Bodas Investment Corp.
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	1	0	1	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	(1)	0	(1)	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0
Other - net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(1)	0	(1)	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(1)	0	(1)	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0
NET INCOME (LOSS)	(1)	0	(1)	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(29)	0	(17)	(12)
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($30)	$0	($18)	($12)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)								10
ASSETS	ESI Energy, LLC Consolidated	Elims	ESI Energy, LLC	FPL Energy California Wind, LLC	CH Ormesa LP, Inc.	CH Ormesa, Inc.	FPL Energy Cabazon Wind, LLC	ESI Geothermal Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$6,227	($3)	$0	$0	$0	$0	$26	$0
Nuclear fuel	83	0	0	0	0	0	0	0
Construction work in progress	575	(4)	0	0	0	0	0	0
Less accumulated depr. & amort.	(605)	0	0	0	0	0	0	0
Total prop., plant and eqpt. - net	6,280	(7)	0	0	0	0	26	0
CURRENT ASSETS
Cash and cash equivalents	74	30	0	0	3	0	0	0
Customer receivables - net	58	(1)	0	0	0	0	0	0
Other receivables	540	(292)	384	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	81	0	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0	0
Other	100	(30)	0	0	0	0	0	0
Total current assets	853	(293)	384	0	3	0	0	0
OTHER ASSETS:
Special use funds	274	0	0	0	0	0	0	0
Other investments	376	(5,164)	3,762	(7)	0	0	0	0
Other	136	(85)	82	0	0	0	8	0
Total other assets	786	(5,249)	3,844	(7)	0	0	8	0
TOTAL ASSETS	$7,919	($5,549)	$4,228	($7)	$3	$0	$34	$0
CAPITALIZATION
Common shareholders' equity	$4,421	($4,520)	$4,038	($7)	$3	$0	$34	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0	0
Long-term debt	1,954	(648)	0	0	0	0	0	0
Total capitalization	6,375	(5,168)	4,038	(7)	3	0	34	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Note payable	12	(4)	0	0	0	0	0	0
Current maturities of long-term debt	81	4	0	0	0	0	0	0
Accounts payable	35	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	32	0	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	335	(291)	4	0	0	0	0	0
Total current liabilities	495	(291)	4	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	174	0	0	0	0	0	0	0
Accumulated deferred income taxes	737	(90)	186	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0	0
Other	138	0	0	0	0	0	0	0
Total other liab. & def. credits	1,049	(90)	186	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$7,919	($5,549)	$4,228	($7)	$3	$0	$34	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	ESI Energy, LLC Consolidated	Elims	ESI Energy, LLC	FPL Energy California Wind, LLC	CH Ormesa LP, Inc.	CH Ormesa, Inc.	FPL Energy Cabazon Wind, LLC	ESI Geothermal Inc.
OPERATING REVENUES	$1,095	($19)	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	413	(12)	0	0	0	0	0	0
Other operations and maintenance	243	(2)	0	0	0	0	0	0
Depreciation & amortization	170	0	0	0	0	0	0	0
Taxes other than income taxes	41	0	0	0	0	0	0	0
Total operating expenses	867	(14)	0	0	0	0	0	0
OPERATING INCOME	228	(5)	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(73)	46	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	84	2	(1)	0	0	0	0	0
Other - net	3	(52)	3	0	0	(1)	0	0
Total other deductions - net	14	(4)	2	0	0	(1)	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	242	(9)	2	0	0	(1)	0	0
INCOME TAXES	18	0	(28)	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	224	(9)	30	0	0	(1)	0	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes benefit of $2	(3)	0	0	0	0	0	0	0
NET INCOME (LOSS)	221	(9)	30	0	0	(1)	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	548	(13)	74	0	(1)	6	0	0
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$769	($22)	$104	$0	($1)	$5	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)								11
ASSETS	ESI Ebensburg, Inc.	ESI Sierra, Inc.	ESI Kern Front, Inc.	ESI Double "C", Inc.	ESI LP, Inc. (Victory)	ESI Victory, Inc.	ESI Pittsylvania, Inc.	ESI Bay Area GP, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0	0	0	0
Total prop., plant and eqpt. - net	0	0	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	0	0	0	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	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	0	0	0	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	(2)	0	0	0	(12)	2	0	0
Other	0	1	0	0	0	3	1	0
Total other assets	(2)	1	0	0	(12)	5	1	0
TOTAL ASSETS	($2)	$1	$0	$0	($12)	$5	$1	$0
CAPITALIZATION
Common shareholders' equity	($14)	$1	$0	$0	($12)	$5	$1	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0	0
Long-term debt	3	0	0	0	0	0	0	0
Total capitalization	(11)	1	0	0	(12)	5	1	0
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	0	0	0	0	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	0	0	0	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	9	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	9	0	0	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	($2)	$1	$0	$0	($12)	$5	$1	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	ESI Ebensburg, Inc.	ESI Sierra, Inc.	ESI Kern Front, Inc.	ESI Double "C", Inc.	ESI LP, Inc. (Victory)	ESI Victory, Inc.	ESI Pittsylvania, Inc.	ESI Bay Area GP, Inc.
OPERATING REVENUES	$0	$0	$0	$0	$0	$0	$1	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0	0	1	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
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	2	2	0	1	0	0
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	0	2	2	0	1	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	0	2	2	0	1	1	0
INCOME TAXES	0	0	1	1	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	1	1	0	1	1	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	0	0	1	1	0	1	1	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3	3	1	0	0	9	3	0
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$3	$3	$2	$1	$0	$10	$4	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							12
ASSETS	ESI Bay Area, Inc.	ESI Multitrade LP, Inc.	MES Financial Corp.	ESI LP, Inc. (Sky River)	ESI Sky River, Inc.	ESI Brady, Inc.	ESI California Holdings, Inc.	ESI Montgomery County GP, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0	0	0	0
Total prop., plant and eqpt. - net	0	0	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	0	0	5	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	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	0	0	5	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	7	(3)	0	0	10	0	(36)	0
Other	0	0	0	0	0	0	0	0
Total other assets	7	(3)	0	0	10	0	(36)	0
TOTAL ASSETS	$7	($3)	$5	$0	$10	$0	($36)	$0
CAPITALIZATION
Common shareholders' equity	$5	($6)	$5	$0	$9	$0	($36)	($25)
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	12
Total capitalization	5	(6)	5	0	9	0	(36)	(13)
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	0	0	0	0	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	0	0	0	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	2	3	0	0	1	0	0	13
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	2	3	0	0	1	0	0	13
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$7	($3)	$5	$0	$10	$0	($36)	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	ESI Bay Area, Inc.	ESI Multitrade LP, Inc.	MES Financial Corp.	ESI LP, Inc. (Sky River)	ESI Sky River, Inc.	ESI Brady, Inc.	ESI California Holdings, Inc.	ESI Montgomery County GP, Inc.
OPERATING REVENUES	$0	$0	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	(1)
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	3	0	0	0	3	0	0	0
Other - net	0	1	0	0	0	0	0	0
Total other deductions - net	3	1	0	0	3	0	0	(1)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	3	1	0	0	3	0	0	(1)
INCOME TAXES	1	0	0	0	(1)	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	1	0	0	4	0	0	(1)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	2	1	0	0	4	0	0	(1)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(6)	11	17	0	30	0	0	(13)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($4)	$12	$17	$0	$34	$0	$0	($14)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							13
ASSETS	ESI Montgomery County, LLC	ESI Montgomery County LP, Inc.	ESI LP, Inc. (Brady)	ESI Calistoga GP, Inc.	ESI Calistoga LP, Inc.	ESI Silverado Holdings, LLC	FPL Energy Green Power Wind, LLC	FPL Energy North Dakota Wind, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0	$10	$65
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0	0	0	(1)
Total prop., plant and eqpt. - net	0	0	0	0	0	0	10	64
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	(1)
Customer receivables - net	0	0	0	0	0	0	0	1
Other receivables	0	0	0	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	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	0	0	0	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	(13)	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
Total other assets	(13)	0	0	0	0	0	0	0
TOTAL ASSETS	($13)	$0	$0	$0	$0	$0	$10	$64
CAPITALIZATION
Common shareholders' equity	($13)	($15)	$0	$0	$0	$0	$10	$62
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	(13)	(15)	0	0	0	0	10	62
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	0	0	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	2
Total current liabilities	0	0	0	0	0	0	0	2
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	15	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	0	15	0	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	($13)	$0	$0	$0	$0	$0	$10	$64
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	ESI Montgomery County, LLC	ESI Montgomery County LP, Inc.	ESI LP, nc. (Brady)	ESI Calistoga GP, Inc.	ESI Calistoga LP, Inc.	ESI Silverado Holdings, LLC	FPL Energy Green Power Wind, LLC	FPL Energy North Dakota Wind, LLC
OPERATING REVENUES	$0	$0	$0	$0	$0	$0	$0	$1
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0	1
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0	0	1
OPERATING INCOME	0	0	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	0	0	0	0	0	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	0	0	0	0	0	0	0
INCOME TAXES	0	0	0	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0	0	0	0	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	(13)	0	0	9	0	0	0
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	($13)	$0	$0	$9	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							14
ASSETS	FPL Energy Vansycle L.L.C.	FPL Energy Wyoming, LLC	Harper Lake Acquisitions, Inc.	Harper Lake Holdings, Inc.	ESI Altamont Acquisitions, Inc.	ESI Ormesa Holdings, Inc.	ESI Northeast Energy GP, Inc.	ESI Northeast Energy LP, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$280	$171	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	1	0	0	0	0	0	0	0
Less accumulated depr. & amort.	(29)	0	0	0	0	0	0	0
Total prop., plant and eqpt. - net	252	171	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	2	0	0	0	0	0	0	0
Customer receivables - net	1	0	0	0	0	0	0	0
Other receivables	0	0	0	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0	0
Other	1	0	0	0	0	0	0	0
Total current assets	4	0	0	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	15	0	2	30
Other	5	0	0	0	0	0	0	0
Total other assets	5	0	0	0	15	0	2	30
TOTAL ASSETS	$261	$171	$0	$0	$15	$0	$2	$30
CAPITALIZATION
Common shareholders' equity	$128	$143	$0	$0	$11	$0	$1	($14)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0	0
Long-term debt	122	0	0	0	0	0	0	0
Total capitalization	250	143	0	0	11	0	1	(14)
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0	0	0
Note payable	4	0	0	0	0	0	0	6
Current maturities of long-term debt	0	0	0	0	0	0	0	0
Accounts payable	0	1	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	2	0	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	3	22	0	0	0	0	0	0
Total current liabilities	9	23	0	0	0	0	0	6
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	2	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	4	0	1	38
Storm and property insurance reserve	0	0	0	0	0	0	0	0
Other	0	5	0	0	0	0	0	0
Total other liab. & def. credits	2	5	0	0	4	0	1	38
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$261	$171	$0	$0	$15	$0	$2	$30
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	FPL Energy Vansycle L.L.C.	FPL Energy Wyoming, LLC	Harper Lake Acquisitions, Inc.	Harper Lake Holdings, Inc.	ESI Altamont Acquisitions, Inc.	ESI Ormesa Holdings, Inc.	ESI Northeast Energy GP, Inc.	ESI Northeast Energy LP, Inc.
OPERATING REVENUES	$16	$0	$0	$0	$1	$0	$1	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	5	0
Other operations and maintenance	5	0	0	0	0	0	1	0
Depreciation & amortization	13	0	0	0	0	0	0	0
Taxes other than income taxes	2	0	0	0	0	0	0	0
Total operating expenses	20	0	0	0	0	0	6	0
OPERATING INCOME	(4)	0	0	0	1	0	(5)	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	(5)
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	4	0	1	34
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	0	0	0	4	0	1	29
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(4)	0	0	0	5	0	(4)	29
INCOME TAXES	0	0	0	0	2	0	(2)	11
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(4)	0	0	0	3	0	(2)	18
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	(4)	0	0	0	3	0	(2)	18
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(6)	0	0	0	14	0	0	48
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($10)	$0	$0	$0	$17	$0	($2)	$66

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							15
ASSETS	ESI Northeast Energy Acquisition Funding, Inc.	Northern Cross Investments, Inc.	ESI Northeast Energy Funding, Inc.	FPL Energy Sooner Wind, LLC	FPL Energy South Dakota Wind, LLC	Sullivan Street Investments, Inc.	ESI Tehachapi Acquisitions, Inc.	ESI Ormesa Holdings I LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$55	$42	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	(1)	0	0	0	0
Total prop., plant and eqpt. - net	0	0	0	54	42	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	0	3	0	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	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	0	3	0	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	33	0	0	0	0	15	0
Other	0	0	0	0	0	0	1	0
Total other assets	0	33	0	0	0	0	16	0
TOTAL ASSETS	$0	$36	$0	$54	$42	$0	$16	$0
CAPITALIZATION
Common shareholders' equity	$0	$36	$0	$51	$40	$0	$5	$0
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	0	36	0	51	40	0	5	0
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	0	0	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	0	0	0	3	2	0	0	0
Total current liabilities	0	0	0	3	2	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	0	10	0
Storm and property insurance reserve	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	1	0
Total other liab. & def. credits	0	0	0	0	0	0	11	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$36	$0	$54	$42	$0	$16	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	ESI Northeast Energy Acquisition Funding, Inc.	Northern Cross Investments, Inc.	ESI Northeast Energy Funding, Inc.	FPL Energy Sooner Wind, LLC	FPL Energy South Dakota Wind, LLC	Sullivan Street Investments, Inc.	ESI Tehachapi Acquisitions, Inc.	ESI Ormesa Holdings I LLC
OPERATING REVENUES	$0	$0	$0	$1	$1	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	1	1	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	0	0	1	1	0	0	0
OPERATING INCOME	0	0	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	1	0
Other - net	0	6	0	0	0	1	0	0
Total other deductions - net	0	6	0	0	0	1	1	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	6	0	0	0	1	1	0
INCOME TAXES	0	2	0	0	0	0	(1)	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	4	0	0	0	1	2	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	0	4	0	0	0	1	2	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	17	0	0	0	49	6	0
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$21	$0	$0	$0	$50	$8	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							16
ASSETS	Harper Lake Management, Inc.	ESI Northeast Fuel Management, Inc.	FPL Energy Geo East Mesa Partners, Inc.	ESI Ormesa Debt Holdings LLC	ESI Cannon Acquisitions LLC	Ridgetop Power Corporation	FPL Energy Pacific Crest Partner, LLC	FPL Energy East Mesa LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0	0	0	0
Total prop., plant and eqpt. - net	0	0	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	0	0	0	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	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	0	0	0	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	6	11	0	0
Other	0	0	0	0	0	0	0	0
Total other assets	0	0	0	0	6	11	0	0
TOTAL ASSETS	$0	$0	$0	$0	$6	$11	$0	$0
CAPITALIZATION
Common shareholders' equity	$0	$0	$0	$0	$6	$8	($6)	$0
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	0	0	0	0	6	8	(6)	0
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	0	0	0	0	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	0	0	0	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	3	6	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	0	0	0	0	0	3	6	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$0	$6	$11	$0	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Harper Lake Management, Inc.	ESI Northeast Fuel Management, Inc.	FPL Energy Geo East Mesa Partners, Inc.	ESI Ormesa Debt Holdings LLC	ESI Cannon Acquisitions LLC	Ridgetop Power Corporation	FPL Energy Pacific Crest Partner, LLC	FPL Energy East Mesa LLC
OPERATING REVENUES	$0	$1	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0	0	0
OPERATING INCOME	0	1	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	1	1	0
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	0	0	0	0	1	1	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	1	0	0	0	1	1	0
INCOME TAXES	0	0	0	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	1	0	0	0	1	1	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	0	1	0	0	0	1	1	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	2	(3)	0	0	1	6	(1)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$3	($3)	$0	$0	$2	$7	($1)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							17
ASSETS	Doswell Funding Corporation	FPL Energy Doswell Holdings, Inc.	UFG Holdings, Inc.	ESI Cherokee County, L.P.	ESI Cherokee GP, Inc.	ESI Cherokee Holdings, Inc.	ESI Cherokee LP, Inc.	ESI Cherokee MGP, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0	0	0	0
Total prop., plant and eqpt. - net	0	0	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	(1)
Other receivables	0	0	1	0	0	0	0	1
Mat'ls., supplies & fossil fuel inv. - at avg. cost	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	0	0	1	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	8	0	28	0	4	(3)	1
Other	0	0	0	0	0	0	0	0
Total other assets	0	8	0	28	0	4	(3)	1
TOTAL ASSETS	$0	$8	$1	$28	$0	$4	($3)	$1
CAPITALIZATION
Common shareholders' equity	$0	$8	$0	$28	$0	$4	($3)	($10)
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	0	8	0	28	0	4	(3)	(10)
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	0	0	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	0	0	1	0	0	0	0	0
Total current liabilities	0	0	1	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	0	0	11
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	0	0	0	0	0	0	0	11
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$8	$1	$28	$0	$4	($3)	$1
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Doswell Funding Corporation	FPL Energy Doswell Holdings, Inc.	UFG Holdings, Inc.	ESI Cherokee County, L.P.	ESI Cherokee GP, Inc.	ESI Cherokee Holdings, Inc.	ESI Cherokee LP, Inc.	ESI Cherokee MGP, Inc.
OPERATING REVENUES	$0	$0	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	24	0	0	0	0
Other - net	0	0	0	3	0	0	0	0
Total other deductions - net	0	0	0	27	0	0	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	0	0	27	0	0	0	0
INCOME TAXES	0	0	0	0	0	0	0	11
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	27	0	0	0	(11)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	27	0	0	0	(11)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	(7)	3	0	0	0	(4)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	($7)	$30	$0	$0	$0	($15)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							18
ASSETS	FPL Energy Mojave Operating Services, LLC	FPL Energy Morwind, LLC	FPL Energy Bastrop GP, Inc.	FPL Energy Bastrop LP, LLC	ESI Ormesa IH Equity LLC	FPL Energy Virginia Funding Corporation	FPL Energy Virginia Holdings, Inc.	FPL Energy Solar Funding Corp.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0	0	0	0
Total prop., plant and eqpt. - net	0	0	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	0	0	0	0	0	37	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	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	0	0	0	0	0	37	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	8	1	121	0	309	0	0
Other	0	0	0	0	0	3	0	0
Total other assets	0	8	1	121	0	312	0	0
TOTAL ASSETS	$0	$8	$1	$121	$0	$349	$0	$0
CAPITALIZATION
Common shareholders' equity	$0	$6	$0	$121	$0	$0	$0	$0
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	309	0	0
Total capitalization	0	6	0	121	0	309	0	0
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	37	0	0
Accounts payable	0	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	3	0	0
Total current liabilities	0	0	0	0	0	40	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	2	1	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	0	2	1	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$8	$1	$121	$0	$349	$0	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	FPL Energy Mojave Operating Services, LLC	FPL Energy Morwind, LLC	FPL Energy Bastrop GP, Inc.	FPL Energy Bastrop LP, LLC	ESI Ormesa IH Equity LLC	FPL Energy Virginia Funding Corporation	FPL Energy Virginia Holdings, Inc.	FPL Energy Solar Funding Corp.
OPERATING REVENUES	$2	$0	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	2	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	2	0	0	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	(28)	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	1	0	(8)	0	0	0	0
Other - net	0	0	1	0	0	28	0	0
Total other deductions - net	0	1	1	(8)	0	0	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	1	1	(8)	0	0	0	0
INCOME TAXES	0	0	(3)	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	1	4	(8)	0	0	0	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	0	1	4	(8)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	1	4	(2)	(1)	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	$5	$2	($9)	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							19
ASSETS	FPL Energy Island End GP, LLC	FPL Energy Construction Funding Holdings LLC	FPL Energy Construction Funding LLC	Tower Associates, LLC	ESI Lake Benton Holdings, Inc.	FPL Energy Illinois Wind, LLC	Midway Power, LLC	FPL Energy WPP 93 LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	3	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0	0	0	0
Total prop., plant and eqpt. - net	0	0	0	0	3	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	0	0	0	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0	0
Other	0	0	15	0	0	0	0	0
Total current assets	0	0	15	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	446	761	0	0	0	0	12
Other	0	0	1	0	0	0	8	0
Total other assets	0	446	762	0	0	0	8	12
TOTAL ASSETS	$0	$446	$777	$0	$3	$0	$8	$12
CAPITALIZATION
Common shareholders' equity	$0	$446	$445	$0	$3	$0	$8	$12
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0	0
Long-term debt	0	0	315	0	0	0	0	0
Total capitalization	0	446	760	0	3	0	8	12
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	0	0	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	0	0	15	0	0	0	0	0
Total current liabilities	0	0	15	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0	0
Other	0	0	2	0	0	0	0	0
Total other liab. & def. credits	0	0	2	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$446	$777	$0	$3	$0	$8	$12
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	FPL Energy Island End GP, LLC	FPL Energy Construction Funding Holdings LLC	FPL Energy Construction Funding LLC	Tower Associates, LLC	ESI Lake Benton Holdings, Inc.	FPL Energy Illinois Wind, LLC	Midway Power, LLC	FPL Energy WPP 93 LP, LLC
OPERATING REVENUES	$0	$0	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	(7)	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	0	0
Other - net	0	0	7	0	0	0	0	0
Total other deductions - net	0	0	0	0	0	0	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	0	0	0	0	0	0	0
INCOME TAXES	0	0	0	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0	0	0	0	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							20
ASSETS	Uinta County Wind Farm L.L.C.	American Wind Consolidated	Backbone Consolidated	Blythe Consolidated	Calhoun I Consolidated	Delaware Mountain Consolidated	Doswell Consolidated	Forney Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$557	$73	$468	$235	$21	$463	$835
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	0	(58)	(4)	0	(6)	(2)	(142)	(15)
Total prop., plant and eqpt. - net	0	499	69	468	229	19	321	820
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	1	0	6	13
Customer receivables - net	0	6	1	0	0	1	31	0
Other receivables	0	232	0	3	15	0	7	34
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0	2	0	7	0
Deferred clause expenses	0	0	0	0	0	0	0	0
Other	0	33	0	3	4	0	1	1
Total current assets	0	271	1	6	22	1	52	48
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	0	0	0	0
Other	0	11	6	0	7	0	9	2
Total other assets	0	11	6	0	7	0	9	2
TOTAL ASSETS	$0	$781	$76	$474	$258	$20	$382	$870
CAPITALIZATION
Common shareholders' equity	$0	$158	$57	$105	$114	$15	($17)	$793
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0	0
Long-term debt	0	479	0	272	110	0	309	0
Total capitalization	0	637	57	377	224	15	292	793
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	26	0	0	0	0	0	0
Accounts payable	0	3	0	3	0	0	14	5
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	14	0	0	1	1	0	5
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	0	14	3	45	3	0	42	52
Total current liabilities	0	57	3	48	4	1	56	62
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	3	0	1	0	0	0	0
Accumulated deferred income taxes	0	70	15	44	28	3	26	5
Storm and property insurance reserve	0	0	0	0	0	0	0	0
Other	0	14	1	4	2	1	8	10
Total other liab. & def. credits	0	87	16	49	30	4	34	15
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$781	$76	$474	$258	$20	$382	$870
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Uinta County Wind Farm L.L.C.	American Wind Consolidated	Backbone Consolidated	Blythe Consolidated	Calhoun I Consolidated	Delaware Mountain Consolidated	Doswell Consolidated	Forney Consolidated
OPERATING REVENUES	$0	$35	$6	($3)	$19	$2	$183	$129
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	(7)	1	0	83	91
Other operations and maintenance	0	9	1	2	4	1	14	19
Depreciation & amortization	0	21	4	0	5	1	14	14
Taxes other than income taxes	0	1	0	0	1	1	1	3
Total operating expenses	0	31	5	(5)	11	3	112	127
OPERATING INCOME	0	4	1	2	8	(1)	71	2
OTHER INCOME (DEDUCTIONS):
Interest charges	0	(14)	0	(12)	(3)	0	(29)	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	0	0
Other - net	0	6	0	0	0	0	0	0
Total other deductions - net	0	(8)	0	(12)	(3)	0	(29)	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	(4)	1	(10)	5	(1)	42	2
INCOME TAXES	0	(9)	(2)	(4)	2	(1)	11	1
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	5	3	(6)	3	0	31	1
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable		0	0	0	0	0	0	0
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	0	5	3	(6)	3	0	31	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	26	0	(3)	0	0	123	(2)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$31	$3	($9)	$3	$0	$154	($1)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							21
ASSETS	Gray County Wind Consolidated	Indian Mesa Consolidated	LSP VIII LP Consolidated	LSP IX LP Consolidated	MH50 Consolidated	MH700 Consolidated	Mojave Consolidated	New Mexico Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$103	$83	$0	$0	$18	$0	$0	$198
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	539	0	0
Less accumulated depr. & amort.	(12)	(6)	0	0	(5)	0	0	(3)
Total prop., plant and eqpt. - net	91	77	0	0	13	539	0	195
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	1
Customer receivables - net	1	1	0	0	0	0	0	3
Other receivables	0	0	0	0	0	0	0	2
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0	0
Other	1	1	0	0	0	2	0	0
Total current assets	2	2	0	0	0	2	0	6
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	6	10	0	0	8	0
Other	0	2	0	0	0	24	0	0
Total other assets	0	2	6	10	0	24	8	0
TOTAL ASSETS	$93	$81	$6	$10	$13	$565	$8	$201
CAPITALIZATION
Common shareholders' equity	$69	$60	($14)	($19)	$3	$332	$8	($76)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0	0
Long-term debt	0	0	0	0	9	205	0	0
Total capitalization	69	60	(14)	(19)	12	537	8	(76)
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	1
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	1	0	1	2	1	28	0	239
Total current liabilities	1	0	1	2	1	28	0	240
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	1	0	0	0	0	0	0
Accumulated deferred income taxes	22	15	19	27	0	0	0	37
Storm and property insurance reserve	0	0	0	0	0	0	0	0
Other	0	5	0	0	0	0	0	0
Total other liab. & def. credits	23	21	19	27	0	0	0	37
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$93	$81	$6	$10	$13	$565	$8	$201
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Gray County Wind Consolidated	Indian Mesa Consolidated	LSP VIII LP Consolidated	LSP IX LP Consolidated	MH50 Consolidated	MH700 Consolidated	Mojave Consolidated	New Mexico Consolidated
OPERATING REVENUES	$9	$7	$1	$1	$5	$0	$1	$5
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	4	0	0	0
Other operations and maintenance	3	2	0	0	2	1	1	1
Depreciation & amortization	5	4	0	0	1	0	0	3
Taxes other than income taxes	0	1	0	0	0	0	0	0
Total operating expenses	8	7	0	0	7	1	1	4
OPERATING INCOME	1	0	1	1	(2)	(1)	0	1
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	(1)	(2)	0	(7)
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	5	5	0	0	3	0
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	0	5	5	(1)	(2)	3	(7)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	1	0	6	6	(3)	(3)	3	(6)
INCOME TAXES	(4)	(2)	1	1	(1)	(1)	0	(7)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	5	2	5	5	(2)	(2)	3	1
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable	0	0	0	0	0	0	0	0
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	5	2	5	5	(2)	(2)	3	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	10	0	11	9	(1)	(1)	19	0
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$15	$2	$16	$14	($3)	($3)	$22	$1

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							22
ASSETS	Oklahoma Wind Consolidated	Ormesa Consolidated	Operating Services Consolidated	Paris Consolidated	Pecos Wind Consolidated	Pennsylvania Wind Consolidated	Posdef Consolidated	Rhode Island Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$59	$0	$0	$452	$150	$73	$103	$355
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	(1)	0	0	(50)	(20)	0	(92)	(13)
Total prop., plant and eqpt. - net	58	0	0	402	130	73	11	342
CURRENT ASSETS
Cash and cash equivalents	0	0	0	3	0	0	1	13
Customer receivables - net	0	0	0	1	1	0	2	0
Other receivables	0	0	4	24	0	0	0	14
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	13	0	0	3	9
Deferred clause expenses	0	0	0	0	0	0	0	0
Other	0	0	0	1	1	2	0	9
Total current assets	0	0	4	42	2	2	6	45
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	0	0	0	0
Other	0	0	1	0	0	4	3	7
Total other assets	0	0	1	0	0	4	3	7
TOTAL ASSETS	$58	$0	$5	$444	$132	$79	$20	$394
CAPITALIZATION
Common shareholders' equity	$53	$0	$3	$396	$95	$45	$3	($16)
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	346
Total capitalization	53	0	3	396	95	45	3	330
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	10
Accounts payable	0	0	0	1	0	0	0	2
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	4	1	0	1	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	5	0	2	16	0	11	2	21
Total current liabilities	5	0	2	21	1	11	3	33
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	1	0	0	0
Accumulated deferred income taxes	0	0	0	19	35	11	0	3
Storm and property insurance reserve	0	0	0	0	0	0	0	0
Other	0	0	0	8	0	12	14	28
Total other liab. & def. credits	0	0	0	27	36	23	14	31
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$58	$0	$5	$444	$132	$79	$20	$394
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Oklahoma Wind Consolidated	Ormesa Consolidated	Operating Services Consolidated	Paris Consolidated	Pecos Wind Consolidated	Pennsylvania Wind Consolidated	Posdef Consolidated	Rhode Island Consolidated
OPERATING REVENUES	$1	$0	$8	$191	$7	$4	$31	$105
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	132	0	0	9	69
Other operations and maintenance	0	0	(2)	25	2	1	6	16
Depreciation & amortization	1	0	0	15	8	1	1	6
Taxes other than income taxes	0	0	3	4	2	0	0	1
Total operating expenses	1	0	1	176	12	2	16	92
OPERATING INCOME	0	0	7	15	(5)	2	15	13
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	(7)
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	0	0	0
Other - net	0	0	0	0	0	0	0	(10)
Total other deductions - net	0	0	0	0	0	0	0	(17)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	0	7	15	(5)	2	15	(4)
INCOME TAXES	0	0	2	2	(3)	0	6	(6)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	5	13	(2)	2	9	2
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable	0	0	0	0	0	0	0	0
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0	0	(3)
NET INCOME (LOSS)	0	0	5	13	(2)	2	9	(1)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	16	59	5	0	4	(2)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$21	$72	$3	$2	$13	($3)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							23
ASSETS	Rockaway Consolidated	Seabrook Consolidated	Sky River Consolidated	Upton Wind Consolidated	Vansycle Consolidated	Victory Gardens Consolidated		Waymart Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$118	$724	$74	$288	$28	$13		$90
Nuclear fuel	0	83	0	0	0	0		0
Construction work in progress	1	35	0	0	0	0		0
Less accumulated depr. & amort.	(5)	(48)	(42)	(32)	(7)	(10)		(1)
Total prop., plant and eqpt. - net	114	794	32	256	21	3		89
CURRENT ASSETS
Cash and cash equivalents	1	0	0	0	0	1		0
Customer receivables - net	4	0	0	4	1	0		1
Other receivables	0	59	2	1	0	3		1
Mat'ls., supplies & fossil fuel inv. - at avg. cost	1	46	0	0	0	0		0
Deferred clause expenses	0	0	0	0	0	0		0
Other	3	48	4	0	0	0		0
Total current assets	9	153	6	5	1	4		2
OTHER ASSETS:
Special use funds	0	274	0	0	0	0		0
Other investments	0	0	0	0	0	0		0
Other	3	12	11	6	0	2		(2)
Total other assets	3	286	11	6	0	2		(2)
TOTAL ASSETS	$126	$1,233	$49	$267	$22	$9		$89
CAPITALIZATION
Common shareholders' equity	($11)	$958	$36	$190	$14	$8		$57
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0		0
Long-term debt	111	0	0	0	0	0		0
Total capitalization	100	958	36	190	14	8		57
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0		0
Note payable	0	0	6	0	0	0		0
Current maturities of long-term debt	4	0	0	0	0	0		0
Accounts payable	1	4	0	0	0	0		0
Customers' deposits	0	0	0	0	0	0		0
Accrued interest and taxes	0	0	0	3	0	0		0
Deferred clause revenues	0	0	0	0	0	0		0
Other	5	58	6	2	0	1		11
Total current liabilities	10	62	12	5	0	1		11
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	163	1	1	0	0		0
Accumulated deferred income taxes	16	31	0	71	8	0		17
Storm and property insurance reserve	0	0	0	0	0	0		0
Other	0	19	0	0	0	0		4
Total other liab. & def. credits	16	213	1	72	8	0		21
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$126	$1,233	$49	$267	$22	$9		$89
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Rockaway Consolidated	Seabrook Consolidated	Sky River Consolidated	Upton Wind Consolidated	Vansycle Consolidated	Victory Gardens Consolidated		Waymart Consolidated
OPERATING REVENUES	$19	$294	$3	$19	$4	$1		$2
OPERATING EXPENSES
Fuel, purchased power & interchange	0	38	0	0	0	0		0
Other operations and maintenance	3	119	0	5	1	0		1
Depreciation & amortization	4	28	0	15	2	0		1
Taxes other than income taxes	0	18	0	3	0	0		0
Total operating expenses	7	203	0	23	3	0		2
OPERATING INCOME	12	91	3	(4)	1	1		0
OTHER INCOME (DEDUCTIONS):
Interest charges	(3)	0	0	0	0	0		0
Preferred stock dividends - FPL	0	0	0	0	0	0		0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0		0
Equity in earnings of equity method investees	0	0	0	0	0	0		0
Other - net	0	10	0	0	0	0		0
Total other deductions - net	(3)	10	0	0	0	0		0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	9	101	3	(4)	1	1		0
INCOME TAXES	4	39	0	(3)	(1)	0		(1)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	5	62	3	(1)	2	1		1
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable	0	0	0	0	0	0		0
Interest Entities," net of income taxes benefit of $2	0	0	0	0	0	0		0
NET INCOME (LOSS)	5	62	3	(1)	2	1		1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	2	15	0	3	8	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	$77	$3	$2	$10	$1		$1

FPL ENERGY AMERICAN WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)									24
ASSETS	American Wind Consolidated	Elims	FPL Energy Wind Funding Holdings, LLC	FPL Energy Wind Funding, LLC	FPL Energy Wind Financing, LLC	FPL Energy American Wind Holdings, LLC	FPL Energy American Wind, LLC	Hawkeye Power Partners, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$557	$0	$0	$0	$0	$0	$0	$43
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	(58)	0	0	0	0	0	0	(8)
Total prop., plant and eqpt. - net	499	0	0	0	0	0	0	35
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	6	0	0	0	0	0	0	1
Other receivables	232	0	0	32	0	0	198	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0	0
Other	33	0	0	0	0	0	31	0
Total current assets	271	0	0	32	0	0	229	1
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	(1,731)	232	322	322	322	474	0
Other	11	0	0	3	0	0	8	0
Total other assets	11	(1,731)	232	325	322	322	482	0
TOTAL ASSETS	$781	($1,731)	$232	$357	$322	$322	$711	$36
CAPITALIZATION
Common shareholders' equity	$158	($1,731)	$232	$232	$322	$322	$318	$34
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0	0
Long-term debt	479	0	0	118	0	0	361	0
Total capitalization	637	(1,731)	232	350	322	322	679	34
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	26	0	0	7	0	0	19	0
Accounts payable	3	0	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	14	0	0	0	0	0	13	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	14	0	0	0	0	0	0	0
Total current liabilities	57	0	0	7	0	0	32	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	3	0	0	0	0	0	0	1
Accumulated deferred income taxes	70	0	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0	0
Other	14	0	0	0	0	0	0	1
Total other liab. & def. credits	87	0	0	0	0	0	0	2
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$781	($1,731)	$232	$357	$322	$322	$711	$36
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	American Wind Consolidated	Elims	FPL Energy Wind Funding Holdings, LLC	FPL Energy Wind Funding, LLC	FPL Energy Wind Financing, LLC	FPL Energy American Wind Holdings, LLC	FPL Energy American Wind, LLC	Hawkeye Power Partners, LLC
OPERATING REVENUES	$35	$0	$0	$0	$0	$0	$0	$3
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	9	0	0	0	0	0	0	1
Depreciation & amortization	21	0	0	0	0	0	0	2
Taxes other than income taxes	1	0	0	0	0	0	0	0
Total operating expenses	31	0	0	0	0	0	0	3
OPERATING INCOME	4	0	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(14)	0	0	0	0	0	(13)	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(21)	4	4	4	4	7	0
Other - net	6	0	0	0	0	0	6	0
Total other deductions - net	(8)	(21)	4	4	4	4	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(4)	(21)	4	4	4	4	0	0
INCOME TAXES	(9)	0	(2)	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	5	(21)	6	4	4	4	0	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	5	(21)	6	4	4	4	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	26	11	0	0	0	0	0	6
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$31	($10)	$6	$4	$4	$4	$0	$6

FPL ENERGY AMERICAN WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							25
ASSETS	Lake Benton Power Partners II, LLC	Badger Windpower, LLC	FPL Energy Hancock County Wind, LLC	High Winds, LLC	OTG, LLC (Amer Wind)	West Texas Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$121	$31	$99	$186	$0	$77
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depr. & amort.	(21)	(4)	(4)	(3)	0	(18)
Total prop., plant and eqpt. - net	100	27	95	183	0	59
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0
Customer receivables - net	1	1	1	1	0	1
Other receivables	0	0	0	2	0	0
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	1	0	1	0	0	0
Total current assets	2	1	2	3	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	0	0	0	0	59
Other	0	0	0	0	0	0
Total other assets	0	0	0	0	0	59
TOTAL ASSETS	$102	$28	$97	$186	$0	$119
CAPITALIZATION
Common shareholders' equity	$87	$28	$95	$171	($70)	$118
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	87	28	95	171	(70)	118
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	3	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	1
Deferred clause revenues	0	0	0	0	0	0
Other	1	0	1	12	0	0
Total current liabilities	1	0	1	15	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	0	1	0	0	0
Accumulated deferred income taxes	0	0	0	0	70	0
Storm and property insurance reserve	0	0	0	0	0	0
Other	13	0	0	0	0	0
Total other liab. & def. credits	14	0	1	0	70	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$102	$28	$97	$186	$0	$119
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Lake Benton Power Partners II, LLC	Badger Windpower, LLC	FPL Energy Hancock County Wind, LLC	High Winds, LLC	OTG, LLC (Amer Wind)	West Texas Consolidated
OPERATING REVENUES	$9	$5	$7	$5	$0	$6
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	2	1	2	1	0	2
Depreciation & amortization	6	2	4	3	0	4
Taxes other than income taxes	0	0	0	0	0	1
Total operating expenses	8	3	6	4	0	7
OPERATING INCOME	1	2	1	1	0	(1)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	(1)
Preferred stock dividends - FPL	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0	(2)
Other - net	0	0	0	0	0	0
Total other deductions - net	0	0	0	0	0	(3)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	1	2	1	1	0	(4)
INCOME TAXES	0	0	0	0	(7)	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	2	1	1	7	(4)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable						0
Interest Entities," net of income taxes	0	0	0	0	0	0
NET INCOME (LOSS)	1	2	1	1	7	(4)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(10)	3	0	0	22	(6)
DEDUCT:						0
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($9)	$5	$1	$1	$29	($10)

ESI WEST TEXAS ENERGY LP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)						26
ASSETS	West Texas Consolidated	Elims	ESI West Texas Energy, Inc.	ESI West Texas Energy LP, LLC	West Texas Wind Energy Partners, L.P.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$77	$0	$0	$0	$77
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(18)	0	0	0	(18)
Total prop., plant and eqpt. - net	59	0	0	0	59
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	0	0	1
Other receivables	0	0	0	0	0
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	1	0	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	59	0	1	58	0
Other	0	0	0	0	0
Total other assets	59	0	1	58	0
TOTAL ASSETS	$119	$0	$1	$58	$60
CAPITALIZATION
Common shareholders' equity	$118	$0	$1	$58	$59
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	118	0	1	58	59
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	1	0	0	0	1
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	1	0	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	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	$119	$0	$1	$58	$60
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	West Texas Consolidated	Elims	ESI West Texas Energy, Inc.	ESI West Texas Energy LP, LLC	West Texas Wind Energy Partners, L.P.
OPERATING REVENUES	$6	$0	$0	$0	$6
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	2	0	0	0	2
Depreciation & amortization	4	0	0	0	4
Taxes other than income taxes	1	0	0	0	1
Total operating expenses	7	0	0	0	7
OPERATING INCOME	(1)	0	0	0	(1)
OTHER INCOME (DEDUCTIONS):
Interest charges	(1)	0	0	0	(1)
Preferred stock dividends - FPL	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0
Equity in earnings of equity method investees	(2)	0	0	(2)	0
Other - net	0	0	0	0	0
Total other deductions - net	(3)	0	0	(2)	(1)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(4)	0	0	(2)	(2)
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(4)	0	0	(2)	(2)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0
NET INCOME (LOSS)	(4)	0	0	(2)	(2)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(6)	0	(2)	6	(10)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($10)	$0	($2)	$4	($12)

BACKBONE WINDPOWER HOLDINGS, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)					27
ASSETS	Backbone Consolidated	Elims	Backbone Windpower Holdings, LLC	Backbone Mountain Windpower LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$73	$0	$0	$73
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	(4)	0	0	(4)
Total prop., plant and eqpt. - net	69	0	0	69
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	1	0	0	1
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	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	(75)	75	0
Other	6	0	0	6
Total other assets	6	(75)	75	6
TOTAL ASSETS	$76	($75)	$75	$76
CAPITALIZATION
Common shareholders' equity	$57	($75)	$58	$74
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	57	(75)	58	74
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	0	2	1
Total current liabilities	3	0	2	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	15	0	15	0
Storm and property insurance reserve	0	0	0	0
Other	1	0	0	1
Total other liab. & def. credits	16	0	15	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$76	($75)	$75	$76
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Backbone Consolidated	Elims	Backbone Windpower Holdings, LLC	Backbone Mountain Windpower 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
Depreciation & amortization	4	0	0	4
Taxes other than income taxes	0	0	0	0
Total operating expenses	5	0	0	5
OPERATING INCOME	1	0	0	1
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0
Equity in earnings of equity method investees	0	(1)	1	0
Other - net	0	0	0	0
Total other deductions - net	0	(1)	1	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	1	(1)	1	1
INCOME TAXES	(2)	0	(2)	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	(1)	3	1
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0
NET INCOME (LOSS)	3	(1)	3	1
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	$3	($1)	$3	$1

BLYTHE ENERGY ACQUISITIONS, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)						28
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	$468	$0	$0	$0	$468
Nuclear fuel	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	468	0	0	0	468
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	3	0	0	0	3
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	3	0	0	0	3
Total current assets	6	0	0	0	6
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(300)	150	150	0
Other	0	(4)	0	4	0
Total other assets	0	(304)	150	154	0
TOTAL ASSETS	$474	($304)	$150	$154	$474
CAPITALIZATION
Common shareholders' equity	$105	($300)	$150	$105	$150
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	272	0	0	0	272
Total capitalization	377	(300)	150	105	422
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	3	0	0	0	3
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	45	0	0	1	44
Total current liabilities	48	0	0	1	47
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	0	0	0	1
Accumulated deferred income taxes	44	(4)	0	48	0
Storm and property insurance reserve	0	0	0	0	0
Other	4	0	0	0	4
Total other liab. & def. credits	49	(4)	0	48	5
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$474	($304)	$150	$154	$474
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Blythe Consolidated	Elim	FPL Energy Blythe, LLC	Blythe Energy Acquisitions, LLC	Blythe Energy, LLC
OPERATING REVENUES	($3)	$0	$0	$0	($3)
OPERATING EXPENSES
Fuel, purchased power & interchange	(7)	0	0	0	(7)
Other operations and maintenance	2	0	0	0	2
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	(5)	0	0	0	(5)
OPERATING INCOME	2	0	0	0	2
OTHER INCOME (DEDUCTIONS):
Interest charges	(12)	0	0	0	(12)
Preferred stock dividends - FPL	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	20	(10)	(10)	0
Other - net	0	0	0	0	0
Total other deductions - net	(12)	20	(10)	(10)	(12)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(10)	20	(10)	(10)	(10)
INCOME TAXES	(4)	0	0	(4)	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(6)	20	(10)	(6)	(10)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0
NET INCOME (LOSS)	(6)	20	(10)	(6)	(10)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(3)	6	(3)	(3)	(3)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($9)	$26	($13)	($9)	($13)

CALHOUN POWER COMPANY I, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)					29
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	$235	$0	$235	$0
Nuclear fuel	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	229	0	229	0
CURRENT ASSETS
Cash and cash equivalents	1	0	1	0
Customer receivables - net	0	0	0	0
Other receivables	15	(1)	16	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	2	0	2	0
Deferred clause expenses	0	0	0	0
Other	4	0	4	0
Total current assets	22	(1)	23	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(143)	0	143
Other	7	0	7	0
Total other assets	7	(143)	7	143
TOTAL ASSETS	$258	($144)	$259	$143
CAPITALIZATION
Common shareholders' equity	$114	($143)	$143	$114
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	110	0	110	0
Total capitalization	224	(143)	253	114
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	1	0	1	0
Deferred clause revenues	0	0	0	0
Other	3	(1)	3	1
Total current liabilities	4	(1)	4	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	28	0	0	28
Storm and property insurance reserve	0	0	0	0
Other	2	0	2	0
Total other liab. & def. credits	30	0	2	28
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$258	($144)	$259	$143
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Calhoun I Consolidated	Elim	Calhoun Power Company I, LLC	OTG, LLC (Calhoun I)
OPERATING REVENUES	$19	$0	$19	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	1	0	1	0
Other operations and maintenance	4	0	4	0
Depreciation & amortization	5	0	5	0
Taxes other than income taxes	1	0	1	0
Total operating expenses	11	0	11	0
OPERATING INCOME	8	0	8	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(3)	0	(3)	0
Preferred stock dividends - FPL	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0
Equity in earnings of equity method investees	0	(5)	0	5
Other - net	0	0	0	0
Total other deductions - net	(3)	(5)	(3)	5
INCOME FROM OPERATIONS BEFORE INCOME TAXES	5	(5)	5	5
INCOME TAXES	2	0	0	2
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	(5)	5	3
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0
NET INCOME (LOSS)	3	(5)	5	3
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	$3	($5)	$5	$3

FPL ENERGY DELAWARE MOUNTAIN GP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)						30
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	$21	$0	$0	$0	$21
Nuclear fuel	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	19	0	0	0	19
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	0	0	1
Other receivables	0	0	0	0	0
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	1	0	0	0	1
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	$20	($18)	$0	$18	$20
CAPITALIZATION
Common shareholders' equity	$15	($18)	($3)	$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	15	(18)	(3)	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	1	0	0	0	1
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	1	0	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	3	0	3	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	1	0	0	0	1
Total other liab. & def. credits	4	0	3	0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$20	($18)	$0	$18	$20
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Delaware Mountain Consolidated	Elims	FPL Energy Delaware Mountain GP, LLC	FPL Energy Delaware Mountain LP, LLC	Delaware Mountain Wind Farm, LP
OPERATING REVENUES	$2	$0	$0	$0	$2
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	1	0	0	0	1
Depreciation & amortization	1	0	0	0	1
Taxes other than income taxes	1	0	0	0	1
Total operating expenses	3	0	0	0	3
OPERATING INCOME	(1)	0	0	0	(1)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	1	0	(1)	0
Other - net	0	0	0	0	0
Total other deductions - net	0	1	0	(1)	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(1)	1	0	(1)	(1)
INCOME TAXES	(1)	0	(1)	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	1	1	(1)	(1)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0
NET INCOME (LOSS)	0	1	1	(1)	(1)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	1	1	(1)	(1)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$2	$2	($2)	($2)

ESI DOSWELL GP, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							31
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	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depr. & amort.	(142)	0	(142)	0	0	0
Total prop., plant and eqpt. - net	321	0	321	0	0	0
CURRENT ASSETS
Cash and cash equivalents	6	0	6	0	0	0
Customer receivables - net	31	0	31	0	0	0
Other receivables	7	0	7	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	7	0	7	0	0	0
Deferred clause expenses	0	0	0	0	0	0
Other	1	0	1	0	0	0
Total current assets	52	0	52	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	(24)	0	(6)	15	15
Other	9	0	9	0	0	0
Total other assets	9	(24)	9	(6)	15	15
TOTAL ASSETS	$382	($24)	$382	($6)	$15	$15
CAPITALIZATION
Common shareholders' equity	($17)	($24)	$9	($6)	($11)	$15
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0
Long-term debt	309	0	309	0	0	0
Total capitalization	292	(24)	318	(6)	(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	14	0	14	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	42	0	42	0	0	0
Total current liabilities	56	0	56	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	26	0	0	0	26	0
Storm and property insurance reserve	0	0	0	0	0	0
Other	8	0	8	0	0	0
Total other liab. & def. credits	34	0	8	0	26	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$382	($24)	$382	($6)	$15	$15
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Doswell Consolidated	Elims	Doswell Limited Partnership	ESI LP, Inc. (Doswell)	ESI Doswell GP, Inc.	Doswell I, Inc.
OPERATING REVENUES	$183	$0	$183	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	83	0	83	0	0	0
Other operations and maintenance	14	0	15	0	(1)	0
Depreciation & amortization	14	0	14	0	0	0
Taxes other than income taxes	1	0	1	0	0	0
Total operating expenses	112	0	113	0	(1)	0
OPERATING INCOME	71	0	70	0	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(29)	0	(29)	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(42)	0	41	1	0
Other - net	0	0	0	0	0	0
Total other deductions - net	(29)	(42)	(29)	41	1	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	42	(42)	41	41	2	0
INCOME TAXES	11	0	0	0	11	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	31	(42)	41	41	(9)	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0
NET INCOME (LOSS)	31	(42)	41	41	(9)	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	123	(104)	133	135	(12)	(29)
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$154	($146)	$174	$176	($21)	($29)

FPL ENERGY FORNEY, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)									32
ASSETS	Forney Consolidated	Elims	FPL Energy Forney, Inc.	FPL Energy Forney, LLC	FPLE Forney, L.P.	FPLE Forney Pipeline, L.P.	MNM I LP, LLC	MNM I, L.P.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$835	$0	$0	$0	$729	$0	$0	$106
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	(15)	0	0	0	(13)	0	0	(2)
Total prop., plant and eqpt. - net	820	0	0	0	716	0	0	104
CURRENT ASSETS
Cash and cash equivalents	13	0	0	0	13	0	0	0
Customer receivables - net	0	0	0	0	0	0	0	0
Other receivables	34	(2)	0	0	34	0	0	2
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0	0
Other	1	0	0	0	1	0	0	0
Total current assets	48	(2)	0	0	48	0	0	2
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	(1,008)	8	789	106	0	105	0
Other	2	0	0	1	1	0	0	0
Total other assets	2	(1,008)	8	790	107	0	105	0
TOTAL ASSETS	$870	($1,010)	$8	$790	$871	$0	$105	$106
CAPITALIZATION
Common shareholders' equity	$793	($1,008)	$3	$790	$797	$0	$105	$106
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	793	(1,008)	3	790	797	0	105	106
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	5	0	0	0	5	0	0	0
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	5	0	0	0	5	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	52	(2)	0	0	54	0	0	0
Total current liabilities	62	(2)	0	0	64	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	5	0	5	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0	0
Other	10	0	0	0	10	0	0	0
Total other liab. & def. credits	15	0	5	0	10	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$870	($1,010)	$8	$790	$871	$0	$105	$106
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Forney Consolidated	Elims	FPL Energy Forney, Inc.	FPL Energy Forney, LLC	FPLE Forney, L.P.	FPLE Forney Pipeline, L.P.	MNM I LP, LLC	MNM I, L.P.
OPERATING REVENUES	$129	($1)	$1	$0	$129	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	91	0	0	0	91	0	0	0
Other operations and maintenance	19	(1)	0	0	22	0	0	(2)
Depreciation & amortization	14	0	0	0	12	0	0	2
Taxes other than income taxes	3	0	0	0	3	0	0	0
Total operating expenses	127	(1)	0	0	128	0	0	0
OPERATING INCOME	2	0	1	0	1	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(1)	0	1	0	0	0	0
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	(1)	0	1	0	0	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	2	(1)	1	1	1	0	0	0
INCOME TAXES	1	0	1	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	(1)	0	1	1	0	0	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	1	(1)	0	1	1	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(2)	3	2	(4)	(3)	0	0	0
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($1)	$2	$2	($3)	($2)	$0	$0	$0

FPL ENERGY GRAY COUNTY WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)					33
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	$103	$0	$103	$0
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	(12)	0	(12)	0
Total prop., plant and eqpt. - net	91	0	91	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	1	0	1	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	1	0	1	0
Total current assets	2	0	2	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(91)	0	91
Other	0	(1)	0	1
Total other assets	0	(92)	0	92
TOTAL ASSETS	$93	($92)	$93	$92
CAPITALIZATION
Common shareholders' equity	$69	($91)	$91	$69
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	69	(91)	91	69
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
Asset retirement obligations	1	0	1	0
Accumulated deferred income taxes	22	(1)	0	23
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	23	(1)	1	23
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$93	($92)	$93	$92
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ 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	3	0	3	0
Depreciation & amortization	5	0	5	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	8	0	8	0
OPERATING INCOME	1	0	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0
Equity in earnings of equity method investees	0	(1)	0	1
Other - net	0	0	0	0
Total other deductions - net	0	(1)	0	1
INCOME FROM OPERATIONS BEFORE INCOME TAXES	1	(1)	1	1
INCOME TAXES	(4)	0	0	(4)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	5	(1)	1	5
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0
NET INCOME (LOSS)	5	(1)	1	5
RET. EARNINGS (DEF.) AT BEG. OF YEAR	10	(3)	3	10
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$15	($4)	$4	$15

FPL ENERGY INDIAN MESA GP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)						34
ASSETS	Indian Mesa Consolidated	Elims	FPL Energy Indian Mesa GP, LLC	FPL Energy Indian Mesa LP, LLC	Indian Mesa Wind Farm L.P.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$83	$0	$0	$0	$83
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(6)	0	0	0	(6)
Total prop., plant and eqpt. - net	77	0	0	0	77
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	0	0	1
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	1	0	0	0	1
Total current assets	2	0	0	0	2
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(75)	1	74	0
Other	2	0	0	0	2
Total other assets	2	(75)	1	74	2
TOTAL ASSETS	$81	($75)	$1	$74	$81
CAPITALIZATION
Common shareholders' equity	$60	($75)	($14)	$74	$75
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	60	(75)	(14)	74	75
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
Asset retirement obligations	1	0	0	0	1
Accumulated deferred income taxes	15	0	15	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	5	0	0	0	5
Total other liab. & def. credits	21	0	15	0	6
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$81	($75)	$1	$74	$81
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Indian Mesa Consolidated	Elims	FPL Energy Indian Mesa GP, LLC	FPL Energy Indian Mesa LP, LLC	Indian Mesa Wind Farm L.P.
OPERATING REVENUES	$7	$0	$0	$0	$7
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	2	0	0	0	2
Depreciation & amortization	4	0	0	0	4
Taxes other than income taxes	1	0	0	0	1
Total operating expenses	7	0	0	0	7
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	1	0	(1)	0
Other - net	0	0	0	0	0
Total other deductions - net	0	1	0	(1)	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	1	0	(1)	0
INCOME TAXES	(2)	0	(2)	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	1	2	(1)	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0
NET INCOME (LOSS)	2	1	2	(1)	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	2	(1)	(1)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$2	$1	$4	($2)	($1)

HYPERION VIII, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)					35
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	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. - at avg. cost	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	6	4	0	2
Other	0	(1)	0	1
Total other assets	6	3	0	3
TOTAL ASSETS	$6	$3	$0	$3
CAPITALIZATION
Common shareholders' equity	($14)	$4	$0	($18)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	(14)	4	0	(18)
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
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	19	(1)	0	20
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	19	(1)	0	20
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$6	$3	$0	$3
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ 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
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
Loss on redemption of preferred stock - FPL	0	0	0	0
Equity in earnings of equity method investees	5	0	0	5
Other-net	0	0	0	0
Total other deductions - net	5	0	0	5
INCOME FROM OPERATIONS BEFORE INCOME TAXES	6	0	1	5
INCOME TAXES	1	0	0	1
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	5	0	1	4
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0
NET INCOME (LOSS)	5	0	1	4
RET. EARNINGS (DEF.) AT BEG. OF YEAR	11	0	3	8
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$16	$0	$4	$12

HYPERION IX, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)					36
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	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. - at avg. cost	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	10	4	0	6
Other	0	(1)	0	1
Total other assets	10	3	0	7
TOTAL ASSETS	$10	$3	$0	$7
CAPITALIZATION
Common shareholders' equity	($19)	$4	$0	($23)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	(19)	4	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
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	27	(1)	0	28
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	27	(1)	0	28
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$10	$3	$0	$7
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ 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
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
Loss on redemption of preferred stock - FPL	0	0	0	0
Equity in earnings of equity method investees	5	0	0	5
Other - net	0	0	0	0
Total other deductions - net	5	0	0	5
INCOME FROM OPERATIONS BEFORE INCOME TAXES	6	0	1	5
INCOME TAXES	1	0	0	1
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	5	0	1	4
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0
NET INCOME (LOSS)	5	0	1	4
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	$14	$0	$4	$10

FPL ENERGY MH50 LP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)						37
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	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(5)	0	(5)	0	0
Total prop., plant and eqpt. - net	13	0	13	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	0	(13)	0	13	0
Other	0	0	0	0	0
Total other assets	0	(13)	0	13	0
TOTAL ASSETS	$13	($13)	$13	$13	$0
CAPITALIZATION
Common shareholders' equity	$3	($13)	$13	$3	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	9	0	0	9	0
Total capitalization	12	(13)	13	12	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
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	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	$13	($13)	$13	$13	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	MH50 Consolidated	Elims	FPL Energy MH50, L.P.	FPL Energy MH50 LP, LLC	FPL Energy MH50 GP, LLC
OPERATING REVENUES	$5	$0	$5	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	4	0	4	0	0
Other operations and maintenance	2	0	2	0	0
Depreciation & amortization	1	0	1	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	7	0	7	0	0
OPERATING INCOME	(2)	0	(2)	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(1)	0	0	(1)	0
Preferred stock dividends - FPL	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	2	0	(2)	0
Other - net	0	0	0	0	0
Total other deductions - net	(1)	2	0	(3)	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(3)	2	(2)	(3)	0
INCOME TAXES	(1)	0	0	0	(1)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(2)	2	(2)	(3)	1
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0
NET INCOME (LOSS)	(2)	2	(2)	(3)	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(1)	(3)	3	(1)	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($3)	($1)	$1	($4)	$1

FPL ENERGY MARCUS HOOK LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)						38
ASSETS	MH700 Consolidated	Elims	FPL Energy Marcus Hook LLC	FPL Energy MH700, LLC	FPL Energy Marcus Hook, L.P.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0
Construction work in progress	539	0	0	0	539
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt. - net	539	0	0	0	539
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	2	0	0	0	2
Total current assets	2	0	0	0	2
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(323)	322	1	0
Other	24	0	10	0	14
Total other assets	24	(323)	332	1	14
TOTAL ASSETS	$565	($323)	$332	$1	$555
CAPITALIZATION
Common shareholders' equity	$332	($323)	$332	$1	$322
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	205	0	0	0	205
Total capitalization	537	(323)	332	1	527
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	28	0	0	0	28
Total current liabilities	28	0	0	0	28
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	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	$565	($323)	$332	$1	$555
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	MH700 Consolidated	Elims	FPL Energy Marcus Hook LLC	FPL Energy MH700, LLC	FPL Energy Marcus Hook, L.P.
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	1	0	0	0	1
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	(2)	0	0	0	(2)
Preferred stock dividends - FPL	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	2	(2)	0	0
Other - net	0	0	0	0	0
Total other deductions - net	(2)	2	(2)	0	(2)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(3)	2	(2)	0	(3)
INCOME TAXES	(1)	0	(1)	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(2)	2	(1)	0	(3)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0
NET INCOME (LOSS)	(2)	2	(1)	0	(3)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(1)	0	(1)	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($3)	$2	($2)	$0	($3)

ESI MOJAVE LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)					39
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	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. - at avg. cost	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	8	0	8	0
Other	0	0	0	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
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	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	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ 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
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
Loss on redemption of preferred stock - FPL	0	0	0	0
Equity in earnings of equity method investees	3	0	3	0
Other - net	0	0	0	0
Total other deductions - net	3	0	3	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	3	0	3	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	0	3	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0
NET INCOME (LOSS)	3	0	3	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	19	0	19	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$22	$0	$22	$0

FPL ENERGY NEW MEXICO WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)									40
ASSETS	New Mexico Consolidated	Elims	Pacific Power Investments, LLC	FPL Energy New Mexico Wind Holdings II, LLC	FPL Energy New Mexico Wind II, LLC	FPL Energy New Mexico Wind Financing, LLC	ESI NE Energy LP, Inc. (NM Wind)	FPL Energy New Mexico Wind, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$198	$0	$0	$0	$0	$0	$0	$198
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	(3)	0	0	0	0	0	0	(3)
Total prop., plant and eqpt. - net	195	0	0	0	0	0	0	195
CURRENT ASSETS
Cash and cash equivalents	1	0	0	0	0	0	0	1
Customer receivables - net	3	0	0	0	0	0	0	3
Other receivables	2	(8)	8	0	0	0	0	2
Mat'ls., supplies & fossil fuel inv. - at avg. cost	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	6	(8)	8	0	0	0	0	6
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	(297)	177	(40)	(8)	(8)	(8)	184
Other	0	(1)	0	1	0	0	0	0
Total other assets	0	(298)	177	(39)	(8)	(8)	(8)	184
TOTAL ASSETS	$201	($306)	$185	($39)	($8)	($8)	($8)	$385
CAPITALIZATION
Common shareholders' equity	($76)	($120)	$185	($77)	($40)	($8)	($8)	($8)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0	0	0
Long-term debt	0	(177)	0	0	0	0	0	177
Total capitalization	(76)	(297)	185	(77)	(40)	(8)	(8)	169
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	1	0	0	0	0	0	0	1
Customers' deposits	0	0	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	239	(8)	0	0	32	0	0	215
Total current liabilities	240	(8)	0	0	32	0	0	216
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0	0
Accumulated deferred income taxes	37	(1)	0	38	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	37	(1)	0	38	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$201	($306)	$185	($39)	($8)	($8)	($8)	$385
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	New Mexico Consolidated	Elims	Pacific Power Investments, LLC	FPL Energy New Mexico Wind Holdings II, LLC	FPL Energy New Mexico Wind II, LLC	FPL Energy New Mexico Wind Financing, LLC	ESI NE Energy LP, Inc. (NM Wind)	FPL Energy New Mexico Wind, LLC
OPERATING REVENUES	$5	$0	$0	$0	$0	$0	$0	$5
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	1	0	0	0	0	0	0	1
Depreciation & amortization	3	0	0	0	0	0	0	3
Taxes other than income taxes	0	0	0	0	0	0	0	0
Total operating expenses	4	0	0	0	0	0	0	4
OPERATING INCOME	1	0	0	0	0	0	0	1
OTHER INCOME (DEDUCTIONS):
Interest charges	(7)	4	0	0	0	0	0	(11)
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	20	0	(6)	(6)	(6)	(6)	4
Other - net	0	(4)	4	0	0	0	0	0
Total other deductions - net	(7)	20	4	(6)	(6)	(6)	(6)	(7)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(6)	20	4	(6)	(6)	(6)	(6)	(6)
INCOME TAXES	(7)	0	0	(7)	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	20	4	1	(6)	(6)	(6)	(6)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	1	20	4	1	(6)	(6)	(6)	(6)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	$20	$4	$1	($6)	($6)	($6)	($6)

FPL ENERGY OKLAHOMA WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)					41
ASSETS	Oklahoma Wind Consolidated	Elims	FPL Energy Oklahoma Wind Finance, LLC	FPL Energy Oklahoma Wind, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$59	$0	$0	$59
Nuclear fuel	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	(1)	0	0	(1)
Total prop., plant and eqpt. - net	58	0	0	58
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	(1)	1	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	(1)	1	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(115)	57	58
Other	0	0	0	0
Total other assets	0	(115)	57	58
TOTAL ASSETS	$58	($116)	$58	$116
CAPITALIZATION
Common shareholders' equity	$53	($58)	$58	$53
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	(57)	0	57
Total capitalization	53	(115)	58	110
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	5	(1)	0	6
Total current liabilities	5	(1)	0	6
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	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	$58	($116)	$58	$116
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Oklahoma Wind Consolidated	Elims	FPL Energy Oklahoma Wind Finance, LLC	FPL Energy Oklahoma Wind, LLC
OPERATING REVENUES	$1	$0	$0	$1
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Depreciation & amortization	1	0	0	1
Taxes other than income taxes	0	0	0	0
Total operating expenses	1	0	0	1
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	1	0	(1)
Preferred stock dividends - FPL	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0
Equity in earnings of equity method investees	0	(1)	0	1
Other - net	0	(1)	1	0
Total other deductions - net	0	(1)	1	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	(1)	1	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	(1)	1	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0
NET INCOME (LOSS)	0	(1)	1	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	($1)	$1	$0

ESI ORMESA IE EQUITY, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)					42
ASSETS	Ormesa 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	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. - at avg. cost	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
Asset retirement obligations	0	0	0	0
Accumulated deferred income taxes	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	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Ormesa Consolidated	Elims	ESI Ormesa IE Equity, Inc.	ESI Ormesa Equity Holdings LLC
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
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
Loss on redemption of preferred stock - FPL	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0
Other - net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME FROM OPERATIONS 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 CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY OPERATING SERVICES, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							43
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	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	4	0	0	0	0	4
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	4	0	0	0	0	4
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	0	0	0	0	0
Other	1	(1)	0	1	0	1
Total other assets	1	(1)	0	1	0	1
TOTAL ASSETS	$5	($1)	$0	$1	$0	$5
CAPITALIZATION
Common shareholders' equity	$3	$0	$0	$1	$0	$2
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	3	0	0	1	0	2
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	2	0	0	0	0	2
Total current liabilities	2	0	0	0	0	2
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	0	(1)	0	0	0	1
Storm and property insurance reserve	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other liab. & def. credits	0	(1)	0	0	0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$5	($1)	$0	$1	$0	$5
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ 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	$8	$0	$0	$0	$0	$8
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	(2)	0	0	0	0	(2)
Depreciation & amortization	0	0	0	0	0	0
Taxes other than income taxes	3	0	0	0	0	3
Total operating expenses	1	0	0	0	0	1
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
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	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 FROM OPERATIONS BEFORE INCOME TAXES	7	0	0	0	0	7
INCOME TAXES	2	0	0	0	0	2
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	5	0	0	0	0	5
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0
NET INCOME (LOSS)	5	0	0	0	0	5
RET. EARNINGS (DEF.) AT BEG. OF YEAR	16	0	0	1	0	15
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$21	$0	$0	$1	$0	$20

FPL ENERGY PARIS CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)								44
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	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0
Less accumulated depr. & amort.	(50)	0	(34)	0	(16)	0	0
Total prop., plant and eqpt. - net	402	0	274	1	127	0	0
CURRENT ASSETS
Cash and cash equivalents	3	0	3	0	0	0	0
Customer receivables - net	1	0	1	0	0	0	0
Other receivables	24	0	24	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	13	0	13	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	42	0	42	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0
Other investments	0	(548)	128	0	0	4	416
Other	0	0	0	0	0	0	0
Total other assets	0	(548)	128	0	0	4	416
TOTAL ASSETS	$444	($548)	$444	$1	$127	$4	$416
CAPITALIZATION
Common shareholders' equity	$396	($548)	$415	$1	$127	($15)	$416
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	396	(548)	415	1	127	(15)	416
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	1	0	1	0	0	0	0
Customers' deposits	0	0	0	0	0	0	0
Accrued interest and taxes	4	0	4	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0
Other	16	0	16	0	0	0	0
Total current liabilities	21	0	21	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0
Accumulated deferred income taxes	19	0	0	0	0	19	0
Storm and property insurance reserve	0	0	0	0	0	0	0
Other	8	0	8	0	0	0	0
Total other liab. & def. credits	27	0	8	0	0	19	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$444	($548)	$444	$1	$127	$4	$416
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ 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	$191	$0	$191	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	132	0	132	0	0	0	0
Other operations and maintenance	25	0	25	0	0	0	0
Depreciation & amortization	15	0	10	0	5	0	0
Taxes other than income taxes	4	0	4	0	0	0	0
Total operating expenses	176	0	171	0	5	0	0
OPERATING INCOME	15	0	20	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
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(14)	0	0	0	0	14
Other - net	0	0	(5)	0	5	0	0
Total other deductions - net	0	(14)	(5)	0	5	0	14
INCOME FROM OPERATIONS BEFORE INCOME TAXES	15	(14)	15	0	0	0	14
INCOME TAXES	2	0	0	0	0	2	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	13	(14)	15	0	0	(2)	14
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0	0
NET INCOME (LOSS)	13	(14)	15	0	0	(2)	14
RET. EARNINGS (DEF.) AT BEG. OF YEAR	59	(101)	101	0	(2)	(14)	75
DEDUCT:
Dividends	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$72	($115)	$116	$0	($2)	($16)	$89

FPL ENERGY PECOS WIND CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)									45
ASSETS	Pecos Wind Consolidated	Elims	FPL Energy Pecos Wind I, LP	FPL Energy Pecos Wind II, LP	FPL Energy Pecos Wind I GP, LLC	FPL Energy Pecos Wind I LP, LLC	FPL Energy Pecos Wind II GP, LLC	FPL Energy Pecos Wind II LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$150	$0	$75	$75	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	(20)	0	(10)	(10)	0	0	0	0
Total prop., plant and eqpt. - net	130	0	65	65	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	1	0	1	0	0	0	0	0
Other receivables	0	0	0	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0	0
Other	1	0	1	0	0	0	0	0
Total current assets	2	0	2	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	(130)	0	0	1	64	1	64
Other	0	0	0	0	0	0	0	0
Total other assets	0	(130)	0	0	1	64	1	64
TOTAL ASSETS	$132	($130)	$67	$65	$1	$64	$1	$64
CAPITALIZATION
Common shareholders' equity	$95	($130)	$65	$65	$1	$29	$1	$64
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	95	(130)	65	65	1	29	1	64
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	1	0	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	1	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	0	1	0	0	0	0	0
Accumulated deferred income taxes	35	0	0	0	0	35	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	36	0	1	0	0	35	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$132	($130)	$67	$65	$1	$64	$1	$64
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Pecos Wind Consolidated	Elims	FPL Energy Pecos Wind I, LP	FPL Energy Pecos Wind II, LP	FPL Energy Pecos Wind I GP, LLC	FPL Energy Pecos Wind I LP, LLC	FPL Energy Pecos Wind II GP, LLC	FPL Energy Pecos Wind II LP, LLC
OPERATING REVENUES	$7	$0	$4	$3	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	2	0	0	2	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	6	6	0	0	0	0
OPERATING INCOME	(5)	0	(2)	(3)	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
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	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 FROM OPERATIONS BEFORE INCOME TAXES	(5)	5	(2)	(3)	0	(3)	0	(2)
INCOME TAXES	(3)	0	0	0	0	(3)	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(2)	5	(2)	(3)	0	0	0	(2)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	(2)	5	(2)	(3)	0	0	0	(2)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	5	6	(3)	(3)	2	4	2	(3)
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$3	$11	($5)	($6)	$2	$4	$2	($5)

FPL ENERGY PENNSYLVANIA WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)								46
ASSETS	Pennsylvania Wind Consolidated	Elims	FPL Energy Pennsylvania Wind, LLC	Pennsylvania Windfarms, Inc.	Somerset Windpower LLC	Mill Run Windpower LLC	Meyersdale Windpower LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$73	$0	$0	$2	$7	$13	$51
Nuclear fuel	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	73	0	0	2	7	13	51
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. - at avg. cost	0	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0
Other	2	0	2	0	0	0	0
Total current assets	2	0	2	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0
Other investments	0	(57)	57	0	0	0	0
Other	4	0	0	1	1	2	0
Total other assets	4	(57)	57	1	1	2	0
TOTAL ASSETS	$79	($57)	$59	$3	$8	$15	$51
CAPITALIZATION
Common shareholders' equity	$45	($57)	$45	$2	$8	$14	$33
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	45	(57)	45	2	8	14	33
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	11	0	1	1	0	0	9
Total current liabilities	11	0	1	1	0	0	9
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0	0
Accumulated deferred income taxes	11	0	11	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0
Other	12	0	2	0	0	1	9
Total other liab. & def. credits	23	0	13	0	0	1	9
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$79	($57)	$59	$3	$8	$15	$51
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Pennsylvania Wind Consolidated	Elims	FPL Energy Pennsylvania Wind, LLC	Pennsylvania Windfarms, Inc.	Somerset Windpower LLC	Mill Run Windpower LLC	Meyersdale Windpower LLC
OPERATING REVENUES	$4	$0	$0	$2	$1	$1	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0
Other operations and maintenance	1	0	0	1	0	0	0
Depreciation & amortization	1	0	0	0	1	0	0
Taxes other than income taxes	0	0	0	0	0	0	0
Total operating expenses	2	0	0	1	1	0	0
OPERATING INCOME	2	0	0	1	0	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(2)	2	0	0	0	0
Other - net	0	0	0	0	0	0	0
Total other deductions - net	0	(2)	2	0	0	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	2	(2)	2	1	0	1	0
INCOME TAXES	0	0	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	(2)	2	1	0	1	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0	0
NET INCOME (LOSS)	2	(2)	2	1	0	1	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	$2	($2)	$2	$1	$0	$1	$0

POSDEF POWER COMPANY, L.P. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							47
ASSETS	Posdef Consolidated	Elims	CH POSDEF, INC.	CH POSDEF LP, INC.	Acme POSDEF Partners, L.P.	POSDEF Power Company, L.P.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$103	$0	$0	$0	$0	$103
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depr. & amort.	(92)	0	0	0	0	(92)
Total prop., plant and eqpt. - net	11	0	0	0	0	11
CURRENT ASSETS
Cash and cash equivalents	1	0	0	0	0	1
Customer receivables - net	2	0	0	0	0	2
Other receivables	0	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	3	0	0	0	0	3
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	0	(1)	0	0	1	0
Other	3	0	0	3	0	0
Total other assets	3	(1)	0	3	1	0
TOTAL ASSETS	$20	($1)	$0	$3	$1	$17
CAPITALIZATION
Common shareholders' equity	$3	($1)	$0	$3	$0	$1
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	3	(1)	0	3	0	1
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	1	0	0	0	0	1
Deferred clause revenues	0	0	0	0	0	0
Other	2	0	0	0	0	2
Total current liabilities	3	0	0	0	0	3
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0
Other	14	0	0	0	1	13
Total other liab. & def. credits	14	0	0	0	1	13
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$20	($1)	$0	$3	$1	$17
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Posdef Consolidated	Elims	CH POSDEF, INC.	CH POSDEF LP, INC.	Acme POSDEF Partners, L.P.	POSDEF Power Company, L.P.
OPERATING REVENUES	$31	$16	$0	($11)	$4	$22
OPERATING EXPENSES
Fuel, purchased power & interchange	9	0	0	0	0	9
Other operations and maintenance	6	0	0	0	0	6
Depreciation & amortization	1	0	0	0	0	1
Taxes other than income taxes	0	0	0	0	0	0
Total operating expenses	16	0	0	0	0	16
OPERATING INCOME	15	16	0	(11)	4	6
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(38)	0	26	12	0
Other - net	0	13	0	0	(2)	(11)
Total other deductions - net	0	(25)	0	26	10	(11)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	15	(9)	0	15	14	(5)
INCOME TAXES	6	0	0	6	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	9	(9)	0	9	14	(5)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0
NET INCOME (LOSS)	9	(9)	0	9	14	(5)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	4	(30)	0	4	12	18
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$13	($39)	$0	$13	$26	$13

FPLE RHODE ISLAND STATE ENERGY CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							48
ASSETS	Rhode Island Consolidated	Elims	FPLE Rhode Island State Energy GP, Inc.	FPLE Rhode Island State Energy LP, LLC	FPLE Rhode Island State Energy, L.P.	Rhode Island State Energy Statutory Trust 2000
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$355	$0	$0	$1	$0	$354
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depr. & amort.	(13)	0	0	0	0	(13)
Total prop., plant and eqpt. - net	342	0	0	1	0	341
CURRENT ASSETS
Cash and cash equivalents	13	0	0	13	0	0
Customer receivables - net	0	0	0	0	0	0
Other receivables	14	0	0	12	0	2
Mat'ls., supplies & fossil fuel inv. - at avg. cost	9	0	0	1	0	8
Deferred clause expenses	0	0	0	0	0	0
Other	9	0	0	9	0	0
Total current assets	45	0	0	35	0	10
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	(4)	0	0	4	0
Other	7	(1)	1	0	0	7
Total other assets	7	(5)	1	0	4	7
TOTAL ASSETS	$394	($5)	$1	$36	$4	$358
CAPITALIZATION
Common shareholders' equity	($16)	($4)	($3)	$3	$4	($16)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0
Long-term debt	346	0	0	0	0	346
Total capitalization	330	(4)	(3)	3	4	330
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Note payable	0	0	0	0	0	0
Current maturities of long-term debt	10	0	0	0	0	10
Accounts payable	2	0	0	2	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	21	0	0	23	0	(2)
Total current liabilities	33	0	0	25	0	8
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	3	(1)	4	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0
Other	28	0	0	8	0	20
Total other liab. & def. credits	31	(1)	4	8	0	20
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$394	($5)	$1	$36	$4	$358
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Rhode Island Consolidated	Elims	FPLE Rhode Island State Energy GP, Inc.	FPLE Rhode Island State Energy LP, LLC	FPLE Rhode Island State Energy, L.P.	Rhode Island State Energy Statutory Trust 2000
OPERATING REVENUES	$105	$0	$0	$105	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	69	0	0	69	0	0
Other operations and maintenance	16	0	0	16	0	0
Depreciation & amortization	6	0	0	0	0	6
Taxes other than income taxes	1	0	0	1	0	0
Total operating expenses	92	0	0	86	0	6
OPERATING INCOME	13	0	0	19	0	(6)
OTHER INCOME (DEDUCTIONS):
Interest charges	(7)	0	0	0	0	(7)
Preferred stock dividends - FPL	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(3)	0	0	3	0
Other - net	(10)	0	0	(19)	0	9
Total other deductions - net	(17)	(3)	0	(19)	3	2
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(4)	(3)	0	0	3	(4)
INCOME TAXES	(6)	0	(6)	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	(3)	6	0	3	(4)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes benefit of $2	(3)	0	0	3	0	(6)
NET INCOME (LOSS)	(1)	(3)	6	3	3	(10)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(2)	(1)	(3)	1	1	0
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($3)	($4)	$3	$4	$4	($10)

FPL ENERGY ROCKAWAY PEAKING FACILITY, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							49
ASSETS	Rockaway Consolidated	Elims	FPL Energy Rockaway Peaking Facilities, LLC	FPL Energy New York, LLC	Bayswater Peaking Facility, LLC	Jamaica Bay Peaking Facility, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$118	$0	$0	$0	$58	$60
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	1	0	0	0	0	1
Less accumulated depr. & amort.	(5)	0	0	0	(4)	(1)
Total prop., plant and eqpt. - net	114	0	0	0	54	60
CURRENT ASSETS
Cash and cash equivalents	1	0	0	0	1	0
Customer receivables - net	4	0	0	0	2	2
Other receivables	0	(1)	0	0	1	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	1	0	0	0	1	0
Deferred clause expenses	0	0	0	0	0	0
Other	3	0	3	0	0	0
Total current assets	9	(1)	3	0	5	2
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	(119)	114	5	0	0
Other	3	0	3	0	0	0
Total other assets	3	(119)	117	5	0	0
TOTAL ASSETS	$126	($120)	$120	$5	$59	$62
CAPITALIZATION
Common shareholders' equity	($11)	($4)	$5	($11)	$3	($4)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0
Long-term debt	111	(115)	111	0	55	60
Total capitalization	100	(119)	116	(11)	58	56
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Note payable	0	0	0	0	0	0
Current maturities of long-term debt	4	0	4	0	0	0
Accounts payable	1	0	0	0	0	1
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	5	(1)	0	0	1	5
Total current liabilities	10	(1)	4	0	1	6
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	16	0	0	16	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	16	0	0	16	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$126	($120)	$120	$5	$59	$62
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Rockaway Consolidated	Elims	FPL Energy Rockaway Peaking Facilities, LLC	FPL Energy New York, LLC	Bayswater Peaking Facility, LLC	Jamaica Bay Peaking Facility, LLC
OPERATING REVENUES	$19	$0	$0	$0	$13	$6
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	3	0	0	0	2	1
Depreciation & amortization	4	0	0	0	3	1
Taxes other than income taxes	0	0	0	0	0	0
Total operating expenses	7	0	0	0	5	2
OPERATING INCOME	12	0	0	0	8	4
OTHER INCOME (DEDUCTIONS):
Interest charges	(3)	3	(3)	0	(1)	(2)
Preferred stock dividends - FPL	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	(13)	4	9	0	0
Other - net	0	(3)	3	0	0	0
Total other deductions - net	(3)	(13)	4	9	(1)	(2)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	9	(13)	4	9	7	2
INCOME TAXES	4	0	0	4	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	5	(13)	4	5	7	2
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0
NET INCOME (LOSS)	5	(13)	4	5	7	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	2	(4)	0	2	4	0
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$7	($17)	$4	$7	$11	$2

FPL ENERGY SEABROOK, LLC CONSOLIDATING BALANACE SHEET DECEMBER 31, 2003 ($ Millions)					50
ASSETS	Seabrook Consolidated	Elims	FPL Energy Seabrook, LLC	FPL Energy Seabrook, LLC - Plant
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$724	$0	$0	$724
Nuclear fuel	83	0	0	83
Construction work in progress	35	0	0	35
Less accumulated depr. & amort.	(48)	0	0	(48)
Total prop., plant and eqpt. - net	794	0	0	794
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	59	0	1	58
Mat'ls., supplies & fossil fuel inv. - at avg. cost	46	0	0	46
Deferred clause expenses	0	0	0	0
Other	48	(3)	0	51
Total current assets	153	(3)	1	155
OTHER ASSETS:
Special use funds	274	0	0	274
Other investments	0	(967)	967	0
Other	12	0	0	12
Total other assets	286	(967)	967	286
TOTAL ASSETS	$1,233	($970)	$968	$1,235
CAPITALIZATION
Common shareholders' equity	$958	($967)	$937	$988
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	958	(967)	937	988
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	58	(3)	0	61
Total current liabilities	62	(3)	0	65
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	163	0	0	163
Accumulated deferred income taxes	31	0	31	0
Storm and property insurance reserve	0	0	0	0
Other	19	0	0	19
Total other liab. & def. credits	213	0	31	182
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1,233	($970)	$968	$1,235
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Seabrook Consolidated	Elims	FPL Energy Seabrook, LLC	FPL Energy Seabrook, LLC - Plant
OPERATING REVENUES	$294	($4)	$4	$294
OPERATING EXPENSES
Fuel, purchased power & interchange	38	0	0	38
Other operations and maintenance	119	(4)	0	123
Depreciation & amortization	28	0	0	28
Taxes other than income taxes	18	0	0	18
Total operating expenses	203	(4)	0	207
OPERATING INCOME	91	0	4	87
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0
Equity in earnings of equity method investees	0	(97)	97	0
Other - net	10	0	0	10
Total other deductions - net	10	(97)	97	10
INCOME FROM OPERATIONS BEFORE INCOME TAXES	101	(97)	101	97
INCOME TAXES	39	0	39	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	62	(97)	62	97
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0
NET INCOME (LOSS)	62	(97)	62	97
RET. EARNINGS (DEF.) AT BEG. OF YEAR	15	(23)	15	23
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$77	($120)	$77	$120

FPL ENERGY SKY RIVER WIND, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)						51
ASSETS	Sky River Consolidated	Elims	FPL Energy Sky River Wind, LLC	ESI Sky River Limited Partnership	Sky River Partnership
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$74	$0	$0	$0	$74
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(42)	0	0	0	(42)
Total prop., plant and eqpt. - net	32	0	0	0	32
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	2	0	0	0	2
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	4	0	0	0	4
Total current assets	6	0	0	0	6
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(37)	27	10	0
Other	11	0	0	0	11
Total other assets	11	(37)	27	10	11
TOTAL ASSETS	$49	($37)	$27	$10	$49
CAPITALIZATION
Common shareholders' equity	$36	($37)	$27	$10	$36
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	(5)	0	0	5
Total capitalization	36	(42)	27	10	41
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	6	5	0	0	1
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	6	0	0	0	6
Total current liabilities	12	5	0	0	7
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	0	0	0	1
Accumulated deferred income taxes	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	1	0	0	0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$49	($37)	$27	$10	$49
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Sky River Consolidated	Elims	FPL Energy Sky River Wind, LLC	ESI Sky River Limited Partnership	Sky River Partnership
OPERATING REVENUES	$3	$0	$0	$0	$3
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	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	3	0	0	0	3
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	(3)	0	3	0
Other - net	0	0	0	0	0
Total other deductions - net	0	(3)	0	3	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	3	(3)	0	3	3
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	(3)	0	3	3
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0
NET INCOME (LOSS)	3	(3)	0	3	3
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	3	0	0	(3)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$3	$0	$0	$3	$0

FPL ENERGY UPTON WIND CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)									52
ASSETS	Upton Wind Consolidated	Elims	FPL Energy Upton Wind I, LP	FPL Energy Upton Wind II, LP	FPL Energy Upton Wind III, LP	FPL Energy Upton Wind IV, LP	FPL Energy Upton Wind I GP, LLC	FPL Energy Upton Wind I LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$288	$0	$82	$84	$81	$41	$0	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0	0	0
Less accumulated depr. & amort.	(32)	0	(10)	(9)	(9)	(4)	0	0
Total prop., plant and eqpt. - net	256	0	72	75	72	37	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0	0	0
Customer receivables - net	4	0	4	0	0	0	0	0
Other receivables	1	0	0	1	0	0	0	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	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	5	0	4	1	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	0	(261)	0	0	0	0	1	72
Other	6	0	2	1	2	1	0	0
Total other assets	6	(261)	2	1	2	1	1	72
TOTAL ASSETS	$267	($261)	$78	$77	$74	$38	$1	$72
CAPITALIZATION
Common shareholders' equity	$190	($261)	$72	$77	$74	$38	$1	$1
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	190	(261)	72	77	74	38	1	1
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	3	0	3	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	2	0	2	0	0	0	0	0
Total current liabilities	5	0	5	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1	0	1	0	0	0	0	0
Accumulated deferred income taxes	71	0	0	0	0	0	0	71
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	72	0	1	0	0	0	0	71
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$267	($261)	$78	$77	$74	$38	$1	$72
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Upton Wind Consolidated	Elims	FPL Energy Upton Wind I, LP	FPL Energy Upton Wind II, LP	FPL Energy Upton Wind III, LP	FPL Energy Upton Wind IV, LP	FPL Energy Upton Wind I GP, LLC	FPL Energy Upton Wind I LP, LLC
OPERATING REVENUES	$19	$0	$8	$8	$2	$1	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0	0	0
Other operations and maintenance	5	0	0	2	2	1	0	0
Depreciation & amortization	15	0	4	5	4	2	0	0
Taxes other than income taxes	3	0	3	0	0	0	0	0
Total operating expenses	23	0	7	7	6	3	0	0
OPERATING INCOME	(4)	0	1	1	(4)	(2)	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
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	0	4	0	0	0	0	0	1
Other - net	0	0	0	0	0	0	0	0
Total other deductions - net	0	4	0	0	0	0	0	1
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(4)	4	1	1	(4)	(2)	0	1
INCOME TAXES	(3)	0	0	0	0	0	0	(3)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(1)	4	1	1	(4)	(2)	0	4
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	(1)	4	1	1	(4)	(2)	0	4
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3	11	(6)	(2)	(2)	(1)	1	5
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$2	$15	($5)	($1)	($6)	($3)	$1	$9

FPL ENERGY UPTON WIND CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)							53
ASSETS	FPL Energy Upton Wind II GP, LLC	FPL Energy Upton Wind II LP, LLC	FPL Energy Upton Wind III GP, LLC	FPL Energy Upton Wind III LP, LLC	FPL Energy Upton Wind IV GP, LLC	FPL Energy Upton Wind IV LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0
Nuclear fuel	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated 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	0	0	0	0	0	0
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	0	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	1	76	1	73	0	37
Other	0	0	0	0	0	0
Total other assets	1	76	1	73	0	37
TOTAL ASSETS	$1	$76	$1	$73	$0	$37
CAPITALIZATION
Common shareholders' equity	$1	$76	$1	$73	$0	$37
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	1	76	1	73	0	37
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
Asset retirement obligations	0	0	0	0	0	0
Accumulated deferred income taxes	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	$1	$76	$1	$73	$0	$37
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	FPL Energy Upton Wind II GP, LLC	FPL Energy Upton Wind II LP, LLC	FPL Energy Upton Wind III GP, LLC	FPL Energy Upton Wind III LP, LLC	FPL Energy Upton Wind IV GP, LLC	FPL Energy Upton Wind IV LP, LLC
OPERATING REVENUES	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0
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
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0
Equity in earnings of equity method investees	0	1	0	(4)	0	(2)
Other - net	0	0	0	0	0	0
Total other deductions - net	0	1	0	(4)	0	(2)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	1	0	(4)	0	(2)
INCOME TAXES	0	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	1	0	(4)	0	(2)
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0
NET INCOME (LOSS)	0	1	0	(4)	0	(2)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	1	(2)	1	(2)	0	(1)
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	($1)	$1	($6)	$0	($3)

ESI VANSYCLE PARTNERS, L.P. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)						54
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	$0	$0	$28
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(7)	0	0	0	(7)
Total prop., plant and eqpt. - net	21	0	0	0	21
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	0	0	1
Other receivables	0	0	0	0	0
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	1	0	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(22)	22	0	0
Other	0	0	0	0	0
Total other assets	0	(22)	22	0	0
TOTAL ASSETS	$22	($22)	$22	$0	$22
CAPITALIZATION
Common shareholders' equity	$14	($22)	$14	$0	$22
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	14	(22)	14	0	22
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
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	8	0	8	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	8	0	8	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$22	($22)	$22	$0	$22
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Vansycle Consolidated	Elims	ESI Vansycle Partners, L.P.	ESI Vansycle GP, Inc.	ESI Vansycle LP, Inc.
OPERATING REVENUES	$4	$0	$4	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	1	0	1	0	0
Depreciation & amortization	2	0	2	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	3	0	3	0	0
OPERATING INCOME	1	0	1	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	(1)	0	0	1
Other - net	0	0	0	0	0
Total other deductions - net	0	(1)	0	0	1
INCOME FROM OPERATIONS BEFORE INCOME TAXES	1	(1)	1	0	1
INCOME TAXES	(1)	0	0	0	(1)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	(1)	1	0	2
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0
NET INCOME (LOSS)	2	(1)	1	0	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	8	(6)	6	0	8
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$10	($7)	$7	$0	$10

ESI VICTORY, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)						55
ASSETS	Victory Gardens Consolidated	Elims	FPL Energy VG Wind, LLC	ESI VG Limited Partnership	Victory Garden Phase IV Partnership
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$13	$0	$0	$0	$13
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(10)	0	0	0	(10)
Total prop., plant and eqpt. - net	3	0	0	0	3
CURRENT ASSETS
Cash and cash equivalents	1	0	0	0	1
Customer receivables - net	0	0	0	0	0
Other receivables	3	0	0	2	1
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	4	0	0	2	2
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(7)	7	0	0
Other	2	0	0	0	2
Total other assets	2	(7)	7	0	2
TOTAL ASSETS	$9	($7)	$7	$2	$7
CAPITALIZATION
Common shareholders' equity	$8	($7)	$7	$2	$6
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	8	(7)	7	2	6
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	0	1
Total current liabilities	1	0	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	0	0	0	0	0
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	($7)	$7	$2	$7
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Victory Gardens Consolidated	Elims	FPL Energy VG Wind, LLC	ESI VG Limited Partnership	Victory Garden Phase IV Partnership
OPERATING REVENUES	$1	$0	$0	$0	$1
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	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	1	0	0	0	1
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0
Equity in earnings of equity method investees	0	(2)	1	1	0
Other - net	0	0	0	0	0
Total other deductions - net	0	(2)	1	1	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	1	(2)	1	1	1
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	(2)	1	1	1
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0
NET INCOME (LOSS)	1	(2)	1	1	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	1	0	0	(1)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	($1)	$1	$1	$0

FPL ENERGY WAYMART GP, LLC CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)						56
ASSETS	Waymart Consolidated	Elims	FPL Energy Waymart GP, LLC	FPL Energy Waymart LP, LLC	Waymart Wind Farm L.P.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$90	$0	$0	$0	$90
Nuclear fuel	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(1)	0	0	0	(1)
Total prop., plant and eqpt. - net	89	0	0	0	89
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	0	0	1
Other receivables	1	0	0	0	1
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	2	0	0	0	2
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(82)	12	70	0
Other	(2)	0	0	(5)	3
Total other assets	(2)	(82)	12	65	3
TOTAL ASSETS	$89	($82)	$12	$65	$94
CAPITALIZATION
Common shareholders' equity	$57	($82)	($5)	$62	$82
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	57	(82)	(5)	62	82
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	11	0	0	3	8
Total current liabilities	11	0	0	3	8
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	0	0	0	0
Accumulated deferred income taxes	17	0	17	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	4	0	0	0	4
Total other liab. & def. credits	21	0	17	0	4
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$89	($82)	$12	$65	$94
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Waymart Consolidated	Elims	FPL Energy Waymart GP, LLC	FPL Energy Waymart LP, LLC	Waymart 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	1	0	0	0	1
Depreciation & amortization	1	0	0	0	1
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	2	0	0	0	2
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
Loss on redemption of preferred stock - FPL	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	(1)	0	(1)	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	0	1	0	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0
NET INCOME (LOSS)	1	0	1	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	$1	$0	$1	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)									57
ASSETS	FPL Energy, LLC Consolidated	Elims	FPL Energy, LLC	FPL Energy Power Marketing, Inc.	BAC Investment Corp.	Square Lake Holdings, Inc.	FPL Energy Project Management, Inc.	Blythe Project Management, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$591	$0	$206	$3	$0	$0	$1	$0
Nuclear fuel	0	0	0	0	0	0	0	0
Construction work in progress	43	0	40	0	0	0	0	0
Less accumulated depr. & amort.	(66)	0	(11)	(1)	0	0	(1)	0
Total prop., plant and eqpt. - net	568	0	235	2	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	2	0	0	0	0
Customer receivables - net	113	0	(5)	117	0	0	0	0
Other receivables	123	197	(192)	66	5	15	1	0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	5	0	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0	0	0
Other	62	0	1	56	0	0	0	0
Total current assets	303	197	(196)	241	5	15	1	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0	0
Other investments	4,194	(916)	4,757	0	75	272	0	0
Other	113	(26)	4	30	0	0	0	0
Total other assets	4,307	(942)	4,761	30	75	272	0	0
TOTAL ASSETS	$5,178	($745)	$4,800	$273	$80	$287	$1	$0
CAPITALIZATION
Common shareholders' equity	$4,611	($916)	$4,750	($44)	$80	$287	($1)	$0
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	4,611	(916)	4,750	(44)	80	287	(1)	0
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	70	0	1	66	0	0	0	0
Customers' deposits	10	0	0	10	0	0	0	0
Accrued interest and taxes	234	234	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0	0	0
Other	223	(37)	34	207	0	0	2	0
Total current liabilities	537	197	35	283	0	0	2	0
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	5	0	0	0	0	0	0	0
Accumulated deferred income taxes	0	(24)	15	9	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0	0	0
Other	25	(2)	0	25	0	0	0	0
Total other liab. & def. credits	30	(26)	15	34	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$5,178	($745)	$4,800	$273	$80	$287	$1	$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	FPL Energy, LLC Consolidated	Elims	FPL Energy, LLC	FPL Energy Power Marketing, Inc.	BAC Investment Corp.	Square Lake Holdings, Inc.	FPL Energy Project Management, Inc.	Blythe Project Management, LLC
OPERATING REVENUES	($815)	($968)	$0	$24	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	(916)	(968)	0	1	0	0	0	0
Other operations and maintenance	92	0	48	18	0	0	4	0
Depreciation & amortization	19	0	6	1	0	0	0	0
Taxes other than income taxes	15	0	2	1	0	0	1	0
Total operating expenses	(790)	(968)	56	21	0	0	5	0
OPERATING INCOME	(25)	0	(56)	3	0	0	(5)	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(62)	0	(62)	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0	0
Equity in earnings of equity method investees	1	0	0	0	0	0	0	0
Other - net	35	(2)	12	0	5	12	0	0
Total other deductions - net	(26)	(2)	(50)	0	5	12	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(51)	(2)	(106)	3	5	12	(5)	0
INCOME TAXES	(24)	0	(46)	2	1	5	(1)	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(27)	(2)	(60)	1	4	7	(4)	0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0	0	0
NET INCOME (LOSS)	(27)	(2)	(60)	1	4	7	(4)	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(493)	0	(321)	(28)	18	(1)	(12)	0
DEDUCT:
Dividends	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($520)	($2)	($381)	($27)	$22	$6	($16)	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)	58
ASSETS	Maine Final Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$381
Nuclear fuel	0
Construction work in progress	3
Less accumulated depr. & amort.	(53)
Total prop., plant and eqpt. - net	331
CURRENT ASSETS
Cash and cash equivalents	(2)
Customer receivables - net	1
Other receivables	31
Mat'ls., supplies & fossil fuel inv. - at avg. cost	5
Deferred clause expenses	0
Other	5
Total current assets	40
OTHER ASSETS:
Special use funds	0
Other investments	6
Other	105
Total other assets	111
TOTAL ASSETS	$482
CAPITALIZATION
Common shareholders' equity	$455
Pref. stk. of FPL w/o sinking fund require.	0
Long-term debt	0
Total capitalization	455
CURRENT LIABILITIES
Commercial paper	0
Note payable	0
Current maturities of long-term debt	0
Accounts payable	3
Customers' deposits	0
Accrued interest and taxes	0
Deferred clause revenues	0
Other	17
Total current liabilities	20
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	5
Accumulated deferred income taxes	0
Storm and property insurance reserve	0
Other	2
Total other liab. & def. credits	7
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$482
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Maine Final Consolidated
OPERATING REVENUES	$129
OPERATING EXPENSES
Fuel, purchased power & interchange	51
Other operations and maintenance	22
Depreciation & amortization	12
Taxes other than income taxes	11
Total operating expenses	96
OPERATING INCOME	33
OTHER INCOME (DEDUCTIONS):
Interest charges	0
Preferred stock dividends - FPL	0
Loss on redemption of preferred stock - FPL	0
Equity in earnings of equity method investees	1
Other - net	8
Total other deductions - net	9
INCOME FROM OPERATIONS BEFORE INCOME TAXES	42
INCOME TAXES	15
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	27
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0
NET INCOME (LOSS)	27
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(149)
DEDUCT:
Dividends	0
Other	0
RET. EARNINGS (DEF.) AT END OF YEAR	($122)

FPL ENERGY MAINE, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)								59
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.		FPL Energy Maine Operating Services LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$381	$0	$41	$75	$0	$1	$0		$0
Nuclear fuel	0	0	0	0	0	0	0		0
Construction work in progress	3	0	0	0	0	0	0		0
Less accumulated depr. & amort.	(53)	0	(9)	(17)	0	0	0		0
Total prop., plant and eqpt. - net	331	0	32	58	0	1	0		0
CURRENT ASSETS
Cash and cash equivalents	(2)	0	0	(1)	(1)	0	0		0
Customer receivables - net	1	0	0	1	0	0	0		0
Other receivables	31	0	13	1	0	0	0		0
Mat'ls., supplies & fossil fuel inv. - at avg. cost	5	0	2	3	0	0	0		0
Deferred clause expenses	0	0	0	0	0	0	0		0
Other	5	0	0	1	0	0	0		0
Total current assets	40	0	15	5	(1)	0	0		0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0	0		0
Other investments	6	(337)	0	0	0	0	338		0
Other	105	(99)	0	0	0	0	204		0
Total other assets	111	(436)	0	0	0	0	542		0
TOTAL ASSETS	$482	($436)	$47	$63	($1)	$1	$542		$0
CAPITALIZATION
Common shareholders' equity	$455	($337)	$42	$59	($2)	$1	$443		($1)
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	455	(337)	42	59	(2)	1	443		(1)
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	3	0	0	0	0	0	0		0
Customers' deposits	0	0	0	0	0	0	0		0
Accrued interest and taxes	0	0	0	0	0	0	0		0
Deferred clause revenues	0	0	0	0	0	0	0		0
Other	17	0	3	4	1	0	0		1
Total current liabilities	20	0	3	4	1	0	0		1
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	5	0	1	0	0	0	0		0
Accumulated deferred income taxes	0	(99)	0	0	0	0	99		0
Storm and property insurance reserve	0	0	0	0	0	0	0		0
Other	2	0	1	0	0	0	0		0
Total other liab. & def. credits	7	(99)	2	0	0	0	99		0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$482	($436)	$47	$63	($1)	$1	$542		$0
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ 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.		FPL Energy Maine Operating Services LLC
OPERATING REVENUES	$129	$7	$29	$44	$0	$1	($3)		$0
OPERATING EXPENSES
Fuel, purchased power & interchange	51	0	13	40	0	0	(2)		0
Other operations and maintenance	22	0	5	4	(4)	1	1		(1)
Depreciation & amortization	12	0	2	4	0	0	0		0
Taxes other than income taxes	11	0	1	2	0	0	0		1
Total operating expenses	96	0	21	50	(4)	1	(1)		0
OPERATING INCOME	33	7	8	(6)	4	0	(2)		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
Loss on redemption of preferred stock - FPL	0	0	0	0	0	0	0		0
Equity in earnings of equity method investees	1	(43)	0	0	0	0	43		0
Other - net	8	(7)	3	3	9	0	0		0
Total other deductions - net	9	(50)	3	3	9	0	43		0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	42	(43)	11	(3)	13	0	41		0
INCOME TAXES	15	0	0	0	0	0	15		0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	27	(43)	11	(3)	13	0	26		0
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0	0	0	0		0
NET INCOME (LOSS)	27	(43)	11	(3)	13	0	26		0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(149)	297	(33)	(73)	8	1	(163)		(3)
DEDUCT:
Dividends	0	0	0	0	0	0	0		0
Other	0	0	0	0	0	0	0		0
RET. EARNINGS (DEF.) AT END OF YEAR	($122)	$254	($22)	($76)	$21	$1	($137)		($3)

FPL ENERGY MAINE, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)			60
ASSETS	FPL Energy Spruce Point LLC	Maine 1 Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$264
Nuclear fuel	0	0
Construction work in progress	0	3
Less accumulated depr. & amort.	0	(27)
Total prop., plant and eqpt. - net	0	240
CURRENT ASSETS
Cash and cash equivalents	0	0
Customer receivables - net	0	0
Other receivables	0	17
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0
Deferred clause expenses	0	0
Other	0	4
Total current assets	0	21
OTHER ASSETS:
Special use funds	0	0
Other investments	0	5
Other	0	0
Total other assets	0	5
TOTAL ASSETS	$0	$266
CAPITALIZATION
Common shareholders' equity	$0	$250
Pref. stk. of FPL w/o sinking fund require.	0	0
Long-term debt	0	0
Total capitalization	0	250
CURRENT LIABILITIES
Commercial paper	0	0
Note payable	0	0
Current maturities of long-term debt	0	0
Accounts payable	0	3
Customers' deposits	0	0
Accrued interest and taxes	0	0
Deferred clause revenues	0	0
Other	0	8
Total current liabilities	0	11
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	0	4
Accumulated deferred income taxes	0	0
Storm and property insurance reserve	0	0
Other	0	1
Total other liab. & def. credits	0	5
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$266
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	FPL Energy Spruce Point LLC	Maine 1 Consolidating
OPERATING REVENUES	$0	$51
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0
Other operations and maintenance	0	16
Depreciation & amortization	0	6
Taxes other than income taxes	0	7
Total operating expenses	0	29
OPERATING INCOME	0	22
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0
Preferred stock dividends - FPL	0	0
Loss on redemption of preferred stock - FPL	0	0
Equity in earnings of equity method investees	0	1
Other - net	0	0
Total other deductions - net	0	1
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	23
INCOME TAXES	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	23
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0
NET INCOME (LOSS)	0	23
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	(183)
DEDUCT:
Dividends	0	0
Other	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	($160)

FPL ENERGY MAINE, INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 ($ Millions)					61
ASSETS	Maine 1 Consolidated	Elims	Kennebec Hydro Resources, Inc.	FPL Energy Maine Hydro LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$264	$0	$0	$264
Nuclear fuel	0	0	0	0
Construction work in progress	3	0	0	3
Less accumulated depr. & amort.	(27)	0	0	(27)
Total prop., plant and eqpt. - net	240	0	0	240
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	17	0	0	17
Mat'ls., supplies & fossil fuel inv. - at avg. cost	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	4	0	0	4
Total current assets	21	0	0	21
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	5	4	2	(1)
Other	0	0	0	0
Total other assets	5	4	2	(1)
TOTAL ASSETS	$266	$4	$2	$260
CAPITALIZATION
Common shareholders' equity	$250	$4	$2	$244
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	250	4	2	244
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	3	0	0	3
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	8	0	0	8
Total current liabilities	11	0	0	11
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	4	0	0	4
Accumulated deferred income taxes	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	1	0	0	1
Total other liab. & def. credits	5	0	0	5
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$266	$4	$2	$260
CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2003 ($ Millions)
INCOME STATEMENT	Maine 1 Consolidated	Elims	Kennebec Hydro Resources, Inc.	FPL Energy Maine Hydro LLC
OPERATING REVENUES	$51	$0	$0	$51
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	16	0	0	16
Depreciation & amortization	6	0	0	6
Taxes other than income taxes	7	0	0	7
Total operating expenses	29	0	0	29
OPERATING INCOME	22	0	0	22
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Loss on redemption of preferred stock - FPL	0	0	0	0
Equity in earnings of equity method investees	1	(1)	1	1
Other - net	0	0	0	0
Total other deductions - net	1	(1)	1	1
INCOME FROM OPERATIONS BEFORE INCOME TAXES	23	(1)	1	23
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	23	(1)	1	23
CUM. EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES
FASB Interpretation No. 46, "Consol. of Variable
Interest Entities," net of income taxes	0	0	0	0
NET INCOME (LOSS)	23	(1)	1	23
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(183)	0	6	(189)
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($160)	($1)	$7	($166)

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
				*Backbone Windpower Holdings, LLC
					Backbone Mountain Windpower LLC

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

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

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

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

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

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

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

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

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

FPL Group, Inc. (Claimant)
	FPL Group Capital Inc
		FPL Energy, LLC
			*FPL Energy Maine, Inc.
				FPL Energy Maine Hydro LLC
				FPL Energy Wyman LLC
				FPL Energy Wyman IV LLC (61.7831%)
				FPL Energy Cape, LLC
				FPL Energy Spruce Point 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 Northeast Energy LP, Inc.
					FPL Energy New Mexico Wind Holdings II, LLC
						FPL Energy New Mexico Wind II, LLC
							FPL Energy New Mexico Wind Financing, LLC
								*FPL Energy New Mexico Holdings, LLC
									FPL Energy New Mexico Wind, LLC

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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