Obligation Nextera Energy Holdings Inc 4.664% ( US302570AY26 ) en USD

Nextera Energy Holdings Inc

100 % ⇌

Etas-Unis

US302570AY26 ( en USD )

4.664% par an ( paiement trimestriel )

31/08/2067

Prospectus brochure de l'obligation Nextera Energy Capital Holdings Inc US302570AY26 en USD 4.664%, échéance 31/08/2067

1 000 USD

250 000 000 USD

302570AY2

N/A

N/A

01/06/2026 ( Dans 73 jours )

Nextera Energy Capital Holdings Inc. est une filiale de Nextera Energy, Inc. spécialisée dans le développement, la construction et le financement de projets d'énergie renouvelable à grande échelle, principalement éolienne et solaire, ainsi que de projets de stockage d'énergie.

L'Obligation émise par Nextera Energy Holdings Inc ( Etas-Unis ) , en USD, avec le code ISIN US302570AY26, paye un coupon de 4.664% par an.
Le paiement des coupons est trimestriel et la maturité de l'Obligation est le 31/08/2067

prospectus.htm
424B2 1 prospectus.htm FORM 424(B)(2)
Table of Contents

Filed pursuant to Rule 424(b)(2). Based upon the
registration of $350,000,000 aggregate principal amount
of FPL Group Capital Inc's Series E Junior Subordinated
Debentures due 2067 to be offered by means of this
prospectus supplement and the accompanying prospectus
under Registration Statement Nos. 333 137120,
333 137120 01, 333 137120 02, 333 137120 03,
333 137120 04, 333 137120 05, 333 137120 06,
333 137120 07 and 333 137120 08 ("Registration
Statement No. 333 137120"), a filing fee of $10,745 has
been calculated in accordance with Rule 457(r). This
filing fee will be offset against the $440,356 aggregate
registration fee previously paid. No additional
registration fee has been paid with respect to this
offering. In accordance with Rules 456(b) and 457(r), the
registrants will have $372,206 remaining available for
future registration fees, being the sum of (a) $17,446 from

the $123,046 that has already been paid with respect to
$1,337,450,000 aggregate amount of securities that were
previously registered pursuant to Registration Statement
Nos. 333 102173, 333 102173 01, 333 102173 02 and
333 102173 03, which registration statement was filed
with the Securities and Exchange Commission on
December 23, 2002, and were not issued or sold
thereunder and (b) $354,760 from the $354,760 that has
already been paid with respect to $2,800,000,000
aggregate amount of securities that were previously
registered pursuant to Registration Statement Nos.
333 116209, 333 116209 01, 333 116209 02,
333 116209 03, 333 116209 04 and 333 116209 05,
which registration statement was filed with the Securities
and Exchange Commission on June 4, 2004, and were not
issued or sold thereunder. This paragraph shall be
deemed to update the "Calculation of Registration Fee"
table in Registration Statement No. 333 137120.
PROSPECTUS SUPPLEMENT
(To prospectus dated May 3, 2007)

$350,000,000
Series E Junior Subordinated Debentures due 2067

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The Series E Junior Subordinated Debentures will
be Fully and Unconditionally Guaranteed by
FPL GROUP, INC.

________________
The Series E Junior Subordinated Debentures will bear interest at 7.45% per year. FPL Group Capital will pay
interest on the securities on March 1, June 1, September 1 and December 1 of each year, beginning December 1,
2007. The securities will be issued in registered form and in denominations of $25 and integral multiples
thereof. The securities will mature on September 1, 2067.
FPL Group Capital may defer interest payments on the securities on one or more occasions for up to 10 consecutive
years as described in this prospectus supplement. Deferred interest payments will accrue additional interest at a rate
equal to the interest rate on the securities, to the extent permitted by applicable law.
FPL Group Capital may redeem the securities at its option at the times and the prices described in this prospectus
supplement.
FPL Group Capital intends to apply to list the securities on the New York Stock Exchange. Trading on the New
York Stock Exchange is expected to commence within 30 days after the securities are first issued.
See "Risk Factors" beginning on page S-9 to read about certain factors you should consider before making an
investment in the securities.
________________
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved
of the securities or determined if this prospectus supplement or the accompanying prospectus is truthful or
complete. Any representation to the contrary is a criminal offense.
________________Per Junior
Subordinated

Debenture
Total
Price to Public (1)
$
25.00 $350,000,000
Underwriting Discount (2)
$
0.7875 $ 11,025,000
Proceeds to FPL Group Capital (before
expenses) (2)
$
24.2125 $338,975,000
(1) Plus accrued interest, if any, from the date the securities are originally issued, if settlement occurs after that date.
(2) Underwriting commissions of $0.7875 per security (or up to $11,025,000 for all securities) will be deducted from
the proceeds paid to FPL Group Capital by the underwriters. However, the commission will be $0.50 per security for
sales to institutions and, to the extent of such sales, the total underwriting discount will be less than the amount set
forth herein. As a result of sales to institutions, the total proceeds to FPL Group Capital increased by $236,900.
Other expenses of the offering will be paid by FPL Group Capital except as discussed under "Underwriting" in this
prospectus supplement.
The securities are expected to be delivered in book-entry only form through The Depository Trust Company for the
accounts of its participants, including Euroclear and Clearstream, Luxembourg, on or about September 18, 2007.
________________

Wachovia Capital Markets, LLC acted as structuring advisor for this transaction.

Joint Book-Running Managers

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Citi
Merrill Lynch & Co.
Morgan
Stanley

UBS Investment Bank
Wachovia Securities
Junior Co-Managers
A.G. Edwards
Banc of America Securities LLC
Lehman
Brothers

Raymond James
RBC Capital Markets

________________

The date of this prospectus supplement is September 11, 2007.

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The accompanying prospectus is part of a registration statement filed with the Securities and Exchange
Commission. You should rely only on the information incorporated by reference or provided in this
prospectus supplement and in the accompanying prospectus and in any written communication from FPL
Group Capital, FPL Group or the underwriters specifying the final terms of the offering. None of FPL Group
Capital, FPL Group or the underwriters has authorized anyone else to provide you with additional or
different information. None of FPL Group Capital, FPL Group or the underwriters is making an offer of
these securities in any jurisdiction where the offer is not permitted. You should not assume that the
information in this prospectus supplement or in the accompanying prospectus is accurate as of any date other
than the date on the front of those documents or that the information incorporated by reference is accurate as
of any date other than the date of the document incorporated by reference.

_________________________

TABLE OF CONTENTS

Page
Prospectus Supplement

Prospectus Supplement Summary
S-3
Risk Factors
S-9
Selected Consolidated Income Statement Data of FPL Group and Subsidiaries
S-12
Consolidated Capitalization of FPL Group and Subsidiaries
S-13
Use of Proceeds
S-13
Specific Terms of the Junior Subordinated Debentures
S-13
Certain Terms of the Replacement Capital Covenant
S-24
Material United States Federal Income Tax Consequences
S-26
Underwriting
S-30

Prospectus

About this Prospectus
2
Risk Factors
2
FPL Group
5
FPL Group Capital
5
FPL Group Capital Trust II, FPL Group Capital Trust III, FPL Group Trust I
and FPL Group Trust II
6
Use of Proceeds
6
Consolidated Ratio of Earnings to Fixed Charges and Ratio of Earnings to
Combined Fixed Charges and Preferred Stock Dividends
6
Where You Can Find More Information
7
Incorporation by Reference
7
Forward Looking Statements
7
Description of FPL Group Capital Senior Debt Securities
8
Description of the FPL Group Guarantee of the FPL Group Capital Senior
Debt Securities
18
Description of FPL Group Senior Debt Securities
20
Description of FPL Group Common Stock
20
Description of Preferred Stock and FPL Group Guarantee of FPL Group Capital
Preferred Stock
23
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Description of Stock Purchase Contracts and Stock Purchase Units
25
Description of Preferred Trust Securities
25
Description of the Preferred Trust Securities Guarantee
34
Description of the FPL Group and FPL Group Capital Junior Subordinated
Debentures and the FPL Group Subordinated Guarantee
37
Information Concerning the Trustees
53
Plan of Distribution
53
Experts
54
Legal Opinions
54

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PROSPECTUS SUPPLEMENT SUMMARY
You should read the following summary in conjunction with the more detailed information incorporated by reference
or provided in this prospectus supplement or in the accompanying prospectus. This prospectus supplement and the
accompanying prospectus contain forward-looking statements (as that term is defined in the Private Securities
Litigation Reform Act of 1995). Forward-looking statements should be read with the cautionary statements in the
accompanying prospectus under the heading "Forward-Looking Statements" and the important factors discussed in
this prospectus supplement and in the incorporated documents. To the extent the following information is
inconsistent with the information in the accompanying prospectus, you should rely on the following information. You
should pay special attention to the "Risk Factors" section beginning on page S-9 of this prospectus supplement to
determine whether an investment in these securities is appropriate for you.

FPL GROUP CAPITAL AND FPL GROUP
FPL Group Capital
FPL Group Capital was incorporated in 1985 as a Florida corporation and is a wholly-owned subsidiary of FPL
Group. FPL Group Capital holds the capital stock or other ownership interests of, and provides funding for, FPL
Group's operating subsidiaries other than Florida Power & Light Company. These operating subsidiaries' business
activities primarily consist of FPL Energy, LLC's competitive energy business.
FPL Group
FPL Group is a holding company incorporated in 1984 as a Florida corporation. FPL Group's principal subsidiary,
Florida Power & Light Company, is a rate-regulated utility engaged primarily in the generation, transmission,
distribution and sale of electric energy. Other operations are conducted through FPL Group Capital.
Both FPL Group Capital's and FPL Group's principal executive offices are located at 700 Universe Boulevard, Juno
Beach, Florida 33408, telephone number (561) 694-4000, and their mailing address is P.O. Box 14000, Juno Beach,
Florida 33408-0420.

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SUMMARY--Q&A
What securities are being offered pursuant to this prospectus supplement?
FPL Group Capital is offering $350,000,000 aggregate principal amount of its Series E Junior Subordinated
Debentures due 2067, which will be referred to as the "Junior Subordinated Debentures" in this prospectus
supplement. FPL Group Capital's corporate parent, FPL Group, has agreed to fully and unconditionally guarantee
the payment of principal, interest and premium, if any, on the Junior Subordinated Debentures. The Junior
Subordinated Debentures will be issued in denominations of $25 and integral multiples thereof.
What interest will be paid by FPL Group Capital?
The Junior Subordinated Debentures will bear interest at 7.45% per year. Subject to FPL Group Capital's right to
defer interest payments as described below, interest is payable quarterly in arrears on March 1, June 1, September 1
and December 1 of each year, beginning December 1, 2007.
For a more complete description of interest payable on the Junior Subordinated Debentures, see "Specific Terms of
the Junior Subordinated Debentures--Interest and Maturity."
What are the record dates for the payment of interest?
So long as all of the Junior Subordinated Debentures remain in book-entry only form, the record date for each
interest payment date will be the close of business on the business day (as defined below under "Specific Terms of
the Junior Subordinated Debentures--Interest and Maturity") immediately preceding the applicable interest payment
date. If any of the Junior Subordinated Debentures do not remain in book-entry only form, the record date for each
interest payment date will be the close of business on the fifteenth calendar day immediately preceding the applicable
interest payment date.
When can payment of interest be deferred?
So long as there is no event of default under the subordinated indenture pursuant to which the Junior Subordinated
Debentures will be issued, FPL Group Capital may defer interest payments on the Junior Subordinated Debentures,
from time to time, for one or more periods (each, an "Optional Deferral Period") of up to 10 consecutive years per
Optional Deferral Period. In other words, FPL Group Capital may declare at its discretion up to a 10-year interest
payment moratorium on the Junior Subordinated Debentures, and may choose to do that on more than one
occasion. FPL Group Capital may not defer payments beyond the maturity date of the Junior Subordinated
Debentures (which is September 1, 2067). Any deferred interest on the Junior Subordinated Debentures will accrue
additional interest at a rate equal to the interest rate on the Junior Subordinated Debentures, to the extent permitted by
applicable law. Once all accrued and unpaid interest on the Junior Subordinated Debentures has been paid, FPL
Group Capital can begin a new Optional Deferral Period. However, FPL Group Capital has no current intention of
deferring interest payments on the Junior Subordinated Debentures.
For a more complete description of FPL Group Capital's ability to defer the payment of interest, see "Specific Terms
of the Junior Subordinated Debentures--Option to Defer Interest Payments" and "Specific Terms of the Junior
Subordinated Debentures--Modification of the Subordinated Indenture" in this prospectus supplement and
"Description of the FPL Group and FPL Group Capital Junior Subordinated Debentures and the FPL Group
Subordinated Guarantee--Option to Defer Interest Payments" in the accompanying prospectus.
What restrictions are imposed on FPL Group Capital and FPL Group during an Optional Deferral Period?
During any period in which FPL Group Capital defers interest payments on the Junior Subordinated Debentures,
neither FPL Group nor FPL Group Capital will, and each will cause their majority-owned subsidiaries not to, do any
of the following (with limited exceptions):

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·declare or pay any dividend or distribution on FPL Group's or FPL Group Capital's capital stock;

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·redeem, purchase, acquire or make a liquidation payment with respect to any of FPL Group's or FPL Group
Capital's capital stock;

·pay any principal, interest or premium on, or repay, repurchase or redeem any of FPL Group's or FPL Group
Capital's debt securities that are equal or junior in right of payment with the Junior Subordinated Debentures or
FPL Group's guarantee (the "Subordinated Guarantee") of FPL Group Capital's payment obligations under the
Junior Subordinated Debentures (as the case may be); or

·make any payments with respect to any FPL Group or FPL Group Capital guarantee of debt securities if such
guarantee is equal or junior in right of payment to the Junior Subordinated Debentures or the Subordinated
Guarantee (as the case may be).
See "Specific Terms of the Junior Subordinated Debentures--Option to Defer Interest Payments" and "Specific
Terms of the Junior Subordinated Debentures--Modification of the Subordinated Indenture" (which describes the
right of FPL Group and FPL Group Capital to modify the restrictions described above) in this prospectus supplement
and "Description of the FPL Group and FPL Group Capital Junior Subordinated Debentures and the FPL Group
Subordinated Guarantee--Option to Defer Interest Payments" (which includes a description of the limited exceptions
to the restrictions described above) in the accompanying prospectus.
Even though you will not receive any interest payments on your Junior Subordinated Debentures during an Optional
Deferral Period, you will be required to accrue interest income and include original issue discount in your gross
income for United States federal income tax purposes on an economic accrual basis, even if you are a cash basis
taxpayer. You should consult with your own tax advisor regarding the tax consequences of an investment in the
Junior Subordinated Debentures. See "Material United States Federal Income Tax Consequences--U.S. Holders--
Interest" in this prospectus supplement.
If FPL Group Capital defers interest for a period of 10 consecutive years from the commencement of an Optional
Deferral Period, FPL Group Capital will be required to pay all accrued and unpaid interest at the conclusion of the 10-
year period, and to the extent it does not do so, FPL Group will be required to make guarantee payments in
accordance with the Subordinated Guarantee with respect thereto. If FPL Group Capital fails to pay in full all
accrued and unpaid interest at the conclusion of the 10-year period, such failure continues for 30 days and FPL
Group fails to make guarantee payments with respect thereto, an event of default that gives rise to acceleration of
principal and interest on the Junior Subordinated Debentures will occur under the subordinated indenture pursuant to
which the Junior Subordinated Debentures will be issued. See "Description of the FPL Group and FPL Group
Capital Junior Subordinated Debentures and the FPL Group Subordinated Guarantee--Events of Default" and
"Description of the FPL Group and FPL Group Capital Junior Subordinated Debentures and the FPL Group
Subordinated Guarantee--Remedies" in the accompanying prospectus.
When can FPL Group Capital redeem the Junior Subordinated Debentures?
FPL Group Capital may redeem the Junior Subordinated Debentures at its option before their maturity:

·in whole or in part on one or more occasions before September 1, 2012 at 100% of their principal amount plus
accrued and unpaid interest plus any applicable "make-whole premium,"

·in whole or in part on one or more occasions on or after September 1, 2012 at 100% of their principal amount plus
accrued and unpaid interest,

·in whole, but not in part, before September 1, 2012 at 100% of their principal amount plus accrued and unpaid
interest, if certain changes in tax laws, regulations or interpretations occur, or

·in whole or in part on one or more occasions before September 1, 2012 at 100% of their principal amount plus
accrued and unpaid interest plus any applicable "rating agency event make-whole premium," if a rating agency
makes certain changes in the equity credit criteria for securities such as the Junior Subordinated Debentures.
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