JUNO BEACH, Fla., Nov. 5 /PRNewswire/ -- FPL Group, Inc. (NYSE: FPL) today
announced the appointment of Ronald F. Green as president of FPL Energy, LLC,
a wholly owned subsidiary in the independent power production business. Mr.
Green, 53, will assume his position in early December and will succeed Lew
Hay, formerly president of FPL Energy and now president and CEO of FPL Group.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010621/FPLLOGO )
(Photo: http://www.newscom.com/cgi-bin/prnh/20011105/FLM008 )
Mr. Green brings more than 30 years of experience in managing a wide array
of energy business activities. He most recently served as president and CEO
of Duke Engineering and Services, Inc. and president and chief operating
officer of DukeSolutions, Inc., both subsidiaries of Duke Energy. He also has
served as a member of the board of directors of Duke Energy Trading and
Marketing, Duke/Fluor Daniel and DukeSolutions, Inc. He joined Duke Energy in
April 1999.
"Ron Green brings to FPL Energy exceptional management and industry
experience, especially in power plant construction, energy marketing and
trading and project development," said Mr. Hay. "We are pleased to have such
an energetic and enthusiastic leader at the helm of our growing independent
power business."
FPL Energy will own and operate approximately 5,100 megawatts of
electricity generating facilities by the end of 2001. New power plants, most
of which are currently under construction, will add another 5,000 megawatts to
the company's portfolio by the end of 2003. The subsidiary contributes
approximately 15 percent of FPL Group's earnings, the balance coming from its
primary subsidiary Florida Power & Light Company.
Prior to joining Duke Energy, Mr. Green was president of Tejas Power
Generation, responsible for leading the development of the power generation
business of Tejas Energy, an affiliate of Shell Oil Company. He has had
extensive experience in managing the engineering and construction of power
plants, having held senior management positions with Fluor Corporation and
Duke/Fluor Daniel over a 15-year period. Mr. Green was the founding president
of Duke/Fluor Daniel in 1989, which today has revenues of more than $4.5
billion.
A native of Tennessee, Mr. Green has a bachelors of science degree in
engineering physics and a masters in engineering administration from the
University of Tennessee. He also has completed advanced management programs
at the Wharton School of Business and the American Graduate School of
International Management.
Mr. Green serves as member of the board of directors and chairman of its
executive committee for the College of Engineering at the University of
Tennessee, Knoxville. He also is an advisory board member for the National
Society of Black Engineers and is a member of the American Nuclear Society and
the American Society of Mechanical Engineers.
FPL Group, with annual revenues of more than $8 billion, is one of the
nation's largest providers of electricity-related services. Its principal
subsidiary, Florida Power & Light Company, serves approximately 3.9 million
customer accounts in Florida. FPL Energy, LLC, a FPL Group energy-generating
subsidiary, is a leader in producing electricity from clean and renewable
fuels. Additional information is available on the Internet at
http://www.fplgroup.com, http://www.fpl.com and http://www.fplenergy.com.
SOURCE FPL Group, Inc.
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CONTACT:
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