Thursday, May 27, 2010

FPL Group shareholders approve name change to NextEra

JUNO BEACH, Fla. - The shareholders of FPL Group, Inc. (NYSE: FPL) on May 21 voted to change the name of the company to NextEra Energy, Inc.
The company announced the proposed name change on March 19.
During the company's annual meeting, the proposal was approved by more than 95 percent of the shareholders who cast a vote. Following the shareholder vote, the name of the company was formally changed from FPL Group, Inc. to NextEra Energy, Inc.
"NextEra Energy, Inc., is a strong and fitting name for this innovative, competitive, forward-thinking energy company," Chairman and CEO Lew Hay said.
The company plans to change its New York Stock Exchange ticker symbol from FPL to NEE in late June. The company will not change the name of its utility subsidiary, Florida Power & Light Co.
At the annual meeting, the board of directors declared a regular quarterly common stock dividend of 50 cents per share. The dividend is payable June 15 to shareholders of record on June 4.

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