Washington, D.C. 20549



Date of earliest event reported:  
September 28, 2007


Exact name of registrant as specified in its
charter, address of principal executive offices and
registrant's telephone number

IRS Employer


700 Universe Boulevard
Juno Beach, Florida 33408
(561) 694-4000


State or other jurisdiction of incorporation or organization:  Florida

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 8.01  Other Events

On September 28, 2007, FPL Energy Point Beach, LLC, an indirect wholly-owned subsidiary of FPL Group, Inc. (FPL Group) and FPL Energy, LLC (FPL Energy), completed the purchase of Point Beach Nuclear Power Plant (Point Beach), a two-unit, 1,023-megawatt (mw) nuclear power plant located near Two Rivers, Wisconsin from Wisconsin Electric Power Company (We Energies), a subsidiary of Wisconsin Energy Corporation. 

FPL Energy Point Beach, LLC purchased Point Beach for approximately $924 million. The final purchase price, which was subject to various adjustments at closing, included approximately $719 million for the plant and approximately $205 million for nuclear fuel, inventory and other items. All of the power from Point Beach is being sold under a long-term contract to We Energies through the current license terms of 2030 for Unit 1 and 2033 for Unit 2. FPL Energy Point Beach, LLC is responsible for the ultimate decommissioning of the nuclear facility and approximately $390 million in decommissioning funds were transferred to it at closing. FPL Energy Point Beach, LLC expects to implement a power uprate at both units in the 2010 to 2011 timeframe that is expected to add approximately 134 mw to the existing plant output.

Cautionary Statements And Risk Factors That May Affect Future Results

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (Reform Act), FPL Group is hereby providing cautionary statements identifying important factors that could cause FPL Group'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 in this Form 8-K, on its respective websites, 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 actual results to differ materially from those contained in forward-looking statements made by or on behalf of FPL Group.

Any forward-looking statement speaks only as of the date on which such statement is made, and FPL Group undertakes no obligation to update any forward-looking statement to reflect events or circumstances, including unanticipated events, after the date on which such statement is made. 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 operations and financial results, and could cause FPL Group's actual results or outcomes to differ materially from those discussed in the forward-looking statements:

FPL Group is subject to complex laws and regulations and to changes in laws and regulations as well as changing governmental policies and regulatory actions, including initiatives regarding deregulation and restructuring of the energy industry and environmental matters.  Florida Power & Light Company (FPL) holds franchise agreements with local municipalities and counties, and must renegotiate expiring agreements.  These factors may have a negative impact on the business and results of operations of FPL Group.

The operation and maintenance of power generation facilities, including nuclear facilities, involve significant risks that could adversely affect the results of operations and financial condition of FPL Group.

The construction of, and capital improvements to, power generation facilities involve substantial risks.  Should construction or capital improvement efforts be unsuccessful, the results of operations and financial condition of FPL Group could be adversely affected.

The use of derivative contracts by FPL Group in the normal course of business could result in financial losses that negatively impact the results of operations of FPL Group.

FPL Group's competitive energy business is subject to risks, many of which are beyond the control of FPL Group, that may reduce the revenues and adversely impact the results of operations and financial condition of FPL Group.

FPL Group's ability to successfully identify, complete and integrate acquisitions is subject to significant risks, including the effect of increased competition for acquisitions resulting from the consolidation of the power industry.

Because FPL Group relies on access to capital markets, the inability to maintain current credit ratings and access capital markets on favorable terms may limit the ability of FPL Group to grow its businesses and would likely increase interest costs.

Customer growth in FPL's service area affects FPL Group's results of operations.

Weather affects FPL Group's results of operations.

FPL Group is subject to costs and other effects of legal proceedings as well as changes in or additions to applicable tax laws, rates or policies, rates of inflation, accounting standards, securities laws and corporate governance requirements.

Threats of terrorism and catastrophic events that could result from terrorism may impact the operations of FPL Group in unpredictable ways.

The ability of FPL Group to obtain insurance and the terms of any available insurance coverage could be affected by national, state or local events and company-specific events.

FPL Group is subject to employee workforce factors that could affect the businesses and financial condition of FPL Group.

The risks described herein are not the only risks facing FPL Group.  Additional risks and uncertainties not currently known to FPL Group, or that are currently deemed to be immaterial, also may materially adversely affect FPL Group's business, financial condition and/or future operating results.





Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


Date:  October 2, 2007





K. Michael Davis

Controller and Chief Accounting Officer of FPL Group, Inc.
(Principal Accounting Officer of the Registrant)