FPL Group hosts annual meeting of shareholders


Filed by FPL Group, Inc.
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934

Subject Company: Gexa Corp.
Commission File No.: 0-16179


This filing includes a press release issued by FPL Group on May 20, 2005.



FPL Group, Inc.
Corporate Communications Dept.
Media Line: 305-552-3888
May 20, 2005


FPL Group hosts annual meeting of shareholders;
Chairman and CEO expects continued strong performance

JUNO BEACH, Fla. - "Amidst a dynamic market environment, FPL Group in 2004 recorded another year of outstanding performance," Lew Hay, chairman and CEO, reported to those attending the annual meeting of shareholders today. The meeting was held at the company's headquarters in Juno Beach, Florida.

The chairman also highlighted the "strong and tangible growth prospects" for FPL Group, and provided an outlook for its two principal subsidiaries Florida Power & Light Company and FPL Energy.

"We continue to see strong customer growth at Florida Power & Light," said Hay, noting that the electricity company added more than 100,000 new customer accounts in 2004. Hay noted that one of the major challenges for FPL is keeping up with the growing demand for electricity due to new customers and increased usage per customer. "In fact, we are in the midst of a five-year period in which capital investment in new electric infrastructure will exceed $8 billion," he said. Expansion projects at FPL's plant sites in Martin and Manatee Counties continue on track for completion in a few months, adding 1,900 megawatts of generating capacity, or enough power to serve approximately 400,000 customers.

In his remarks about FPL Energy, Hay said he was excited about the near-term and long-term prospects of the wholesale energy provider, which now operates in 24 states.

"With the federal wind production tax credit again in place, we're on track for another good year for adding wind assets. This year we expect to add a total of 500 to 750 megawatts of wind energy to our industry-leading portfolio," he said.

Shareholders Elect All Directors and Ratify Appointment of Independent Registered Public Accounting Firm
During the meeting, shareholders elected the following slate of directors to a one-year term: H. Jesse Arnelle, Sherry S. Barrat, Robert M. Beall, II, J. Hyatt Brown, James L. Camaren, Lewis Hay, III, Rudy E. Schupp, Michael H. Thaman, Hansel E. Tookes II, Paul R. Tregurtha and Frank G. Zarb.

Shareholders also ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm to audit the accounts of FPL Group and its subsidiaries, as well as to audit management's assessment and the effectiveness of the company's internal control over financial reporting, for the fiscal year ending December 31, 2005.

Dividend Declared
Also today, the board of directors declared a regular quarterly common stock dividend of 35.5 cents a share, payable June 15, 2005 to shareholders of record at the close of business on June 3, 2005. The declaration marks the 238th consecutive quarterly dividend paid to common shareholders over the past 59 years.

FPL Group, with annual revenues of more than $10 billion, is nationally known as a high quality, efficient, and customer-driven organization focused on energy-related products and services. With a growing presence in 26 states, it is widely recognized as one of the country's premier power companies. Its principal subsidiary, Florida Power & Light Company, serves more than 4.2 million customer accounts in Florida. FPL Energy, LLC, an FPL Group wholesale electricity generating subsidiary, is a leader in producing electricity from clean and renewable fuels. Additional information is available on the Internet at www.FPLGroup.com, www.FPL.com and www.FPLEnergy.com.


FPL Group has filed a registration statement on Form S-4 (File No. 333-124438), including a proxy statement of Gexa Corp. ("Gexa") and FPL Group's prospectus and other relevant documents with the Securities and Exchange Commission ("SEC") concerning the proposed transaction. You are urged to read the registration statement containing the proxy statement/prospectus (including all amendments and supplements) and any other relevant documents filed or that will be filed with the SEC because they contain or will contain important information about FPL Group, GEXA and the proposed transaction. You may obtain the registration statement containing the proxy statement/prospectus and the other documents, as well as other filings containing information about FPL Group and Gexa, free of charge at the SEC's web site, www.sec.gov. In addition, they may also be obtained for free from FPL Group by directing a request to FPL Group, Inc. 700 Universe Blvd., Juno Beach, Florida, 33408, Attention: Investor Relations and from GEXA by directing a request to GEXA Corp., 20 Greenway Plaza, Suite 600, Houston, Texas, 77046, Attention: Dave Holeman. FPL Group, GEXA and their respective directors and executive officers and other members of management and employees, may be deemed to be participants in the solicitation of proxies from the stockholders of GEXA in connection with the transaction. Information about the direct or indirect interests of FPL Group is set forth in its report on Schedule 13D filed with the SEC. Information about the directors and executive officers of FPL Group is set forth in its proxy statement for its 2005 annual meeting of shareholders and its annual report on Form 10-K for the fiscal year ended 2004 and information about the directors and executive officers of GEXA and their ownership of GEXA stock is set forth in the report on Form 10-K/A of GEXA filed April 29, 2005, the ownership reports of such persons on Schedule 13D and Forms 3 and 4 filed with the SEC and in the registration statement and the proxy statement/prospectus. You may obtain additional information regarding the interests of such potential participants by reading the proxy statement/prospectus and other relevant documents filed with the SEC.


In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (Reform Act), FPL Group, Inc. (FPL Group) and Florida Power & Light Company (FPL) are hereby filing cautionary statements identifying important factors that could cause FPL Group's or FPL's actual results to differ materially from those projected in forward-looking statements (as such term is defined in the Reform Act) made by or on behalf of FPL Group and FPL in this combined Form 10-Q, in presentations, in response to questions or otherwise.  Any statements that express, or involve discussions as to expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as will likely result, are expected to, will continue, is anticipated, believe, could, estimated, may, plan, potential, projection, target, outlook) are not statements of historical facts and may be forward-looking.  Forward-looking statements involve estimates, assumptions and uncertainties.  Accordingly, any such statements are qualified in their entirety by reference to, and are accompanied by, the following important factors (in addition to any assumptions and other factors referred to specifically in connection with such forward-looking statements) that could cause FPL Group's or FPL's actual results to differ materially from those contained in forward-looking statements made by or on behalf of FPL Group and FPL.

Any forward-looking statement speaks only as of the date on which such statement is made, and FPL Group and FPL undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.  New factors emerge from time to time and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.

The following are some important factors that could have a significant impact on FPL Group's and FPL's operations and financial results, and could cause FPL Group's and FPL's actual results or outcomes to differ materially from those discussed in the forward-looking statements:

The issues and associated risks and uncertainties described above are not the only ones FPL Group and FPL may face.  Additional issues may arise or become material as the energy industry evolves.  The risks and uncertainties associated with these additional issues could impair FPL Group's and FPL's businesses in the future.