UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of
earliest event reported: May 18,
2009
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Commission
File
Number
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Exact
name of registrant as specified in its
charter,
address of principal executive offices and
registrant's
telephone number
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IRS
Employer
Identification
Number
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||
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1-8841
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FPL
GROUP, INC.
700
Universe Boulevard
Juno
Beach, Florida 33408
(561)
694-4000
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59-2449419
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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))
SECTION
2 - FINANCIAL
INFORMATION
Item
2.03 Creation of a Direct Financial Obligation or an Obligation under
an Off-Balance Sheet Arrangement of a Registrant
On May
18, 2009, Heartland Wind II, LLC (Heartland Wind II), an indirect wholly-owned
subsidiary of NextEra Energy Resources, LLC (NextEra Energy Resources), entered
into an approximately $343 million limited-recourse senior secured variable rate
term loan agreement that will fund in full later this week. NextEra Energy
Resources is an indirect wholly-owned subsidiary of FPL Group, Inc.
Interest on the loan will be payable quarterly and the principal will be
partially amortizing with a balloon payment at maturity in May 2017. The
proceeds of the loan will be used to reimburse, in part, capital contributions
made by NextEra Energy Resources to develop and construct wind generation
facilities totaling 298.5 megawatts and associated transmission facilities
located in North Dakota and Iowa. The loan will be secured by liens on those
wind generation assets and associated transmission facilities, and certain other
assets of, and the ownership interest in, Heartland Wind II. The loan agreement
contains default and related acceleration provisions relating to the failure to
make required payments, certain events in bankruptcy and other covenants
applicable to Heartland Wind II.
SIGNATURES
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.
FPL
GROUP, INC.
(Registrant)
Date: May
18, 2009
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K. MICHAEL DAVIS
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K.
Michael Davis
Controller
and Chief Accounting Officer of FPL Group, Inc.
(Principal
Accounting Officer of the
Registrant)
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