JUNO BEACH, Fla., May 15 /PRNewswire/ -- FPL Energy, LLC, a subsidiary of
FPL Group, Inc. (NYSE: FPL) today announced that Mark Maisto has been elected
president of its power marketing and trading organization.
Mr. Maisto previously served as president of Edison Mission Marketing &
Trading, a subsidiary of Edison Mission Energy. He also was chief executive
officer of Citizens Power prior to it being acquired by Edison Mission Energy
in September 2000.
"We are pleased that Mark Maisto has joined FPL Group's independent power
producer business," said Lew Hay, president of FPL Energy. "We expect Mark,
with his broad experience and strong leadership skills, will contribute
significantly to the rapid growth and profitability of FPL Energy."
"The primary objective of our power marketing and trading organization is
to optimize FPL Energy's operating assets, which now total 4,100 megawatts of
capacity and are expected to grow to more than 9,500 megawatts by the end of
2003," said Mr. Hay. "Mark and his team also play an important role in
identifying and analyzing new project opportunities."
During Mr. Maisto's tenure at Citizens Power, that company was ranked
among the top 10 power marketing and trading organizations and was an industry
leader in structured trade transactions. Prior to joining Citizens Power,
Mr. Maisto was an investment banker at Lehman Brothers, specializing in energy
financing, and was a principal liaison with the Citizens Lehman Power joint
venture. Earlier, he was a director of utility finance with General Electric
Capital Corporation.
Mr. Maisto holds a bachelor of arts degree in economics from Cornell
University and a masters degree in business administration from New York
University.
FPL Energy is a leading independent producer of clean energy, including
natural gas, wind, solar, geothermal, hydro and biomass generating facilities
operating in 12 states. It is a subsidiary of FPL Group Inc., one of the
nation's largest providers of electricity-related services with annual
revenues of more than $7 billion. FPL Group's principal subsidiary is Florida
Power & Light Company, one of the nation's largest electric utilities, serving
approximately 3.9 million customer accounts in Florida. Additional
information is available on the Internet at http://www.fplenergy.com,
http://www.fplgroup.com and http://www.fpl.com.
SOURCE FPL Energy, LLC
 back to top
Related links:
http://www.fplgroup.com
http://www.fplenergy.com http://www.fpl.com
CONTACT:
Corporate Communications Media Line of FPL
Energy, LLC, 305-552-3888
|
