FPL Group

Electricity company serving Florida.

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Headquarters:
700 Universe Blvd., PO Box 14000
Juno Beach, FL 33408
Employees: 13,344
CEO: Lew Hay
Stock Symbol: FPL

Website: http://www.fpl.com

Career Site

FPL Group is the leading energy company for Florida. It is comprised of Florida Power & Light Company, the largest investor-owned Florida electricity / utility company, and FPL Energy ­ a leading provider of clean energy from wind, natural gas, solar, water and nuclear facilities.

The company has 4.5 million residential and business accounts serving over 8 million people.

FPL has assets of nearly $36 billion and operations in 27 states.

For 2006, the company had record revenues of $15.7 billion and net income of $1.2 billion.

History

FPL's earliest roots can be traced back to Thomas Edison and the General Electric Co. GE created EBASCO (Electric Bond and Share Co.), owner of American Power & Light Co. that held many utilities in the western hemisphere.

American Power & Light purchased the properties that were consolidated to form FPL on Dec. 28, 1925. The unlikely patchwork of enterprises included small electric generating plants, ice plants, water, gas, fish, telephone, sawmill and street car companies, a steam laundry, an ice factory, a limestone quarry, a sponge fishing boat and even 35 mules and wagons.

Benefits

Medical Care: The Medical Plan provides a range of choices and all plans cover doctor and hospital services, prescription drugs and preventive care. Eligibility is effective the first of the month following one full month of employment.
Dental Care: The company pays the majority of dental premiums. Your cost depends upon the plan you select and the number of covered dependents. Eligibility is effective the first of the month following one full month of employment.
Vision Care: The plan provides coverage for eye exams, contact lenses, frames and lenses. Eligibility is effective the first of the month following one full month of employment.
Flexible Spending Account: Voluntary account allows employees to set aside before-tax dollars to pay for qualified health care and dependent care expenses. Employees may contribute up to $5,000 to each account annually.
FPL WELL: Health management programs, including but not limited to fitness centers and health promotion to improve and maintain the health and well being of our employees. Program offerings may not be available at all locations.
Sick leave: Paid sick leave is available when personal illness or injury prevents employees from working.
Thrift Plan/401K
: Allows you to contribute up to 50 percent* of your base pay on a before-tax, after-tax or combination basis. 100 percent vested in the company match following 5 full years of service. You are eligible to participate in the plan on the first of the month following one full month of employment. A pretax catch-up feature (up to $4,000 for 2005) is also available if you are age 50 or older and contribute the maximum 50 percent allowed under the plan or the annual before-tax maximum ($14,000 for 2005).
*Note: 20 percent contribution limit for FPL bargaining and FPL Energy Maine bargaining employees.
Pension Plan: FPL Group applies basic credits toward the employee's cash balance pension plan based on years of participating service. Employees are 100 percent vested following five years of continuous service. Plan eligibility is immediate upon date of hire.

Vacation: Paid vacation is based on length of service. Eligible to take vacation after six months of employment from start date.

Period of Employment

Vacation Benefit
New Hire up to 80 hours (10 days)
1st - 4th year 80 hours (10 days)
5th - 14th year 120 hours (15 days)
15th - 22nd year 160 hours (20 days)
23rd year and after 200 hours (25 days)

Vacation buy: FPL allows you to purchase up to 40 hours (five days) of additional vacation on a before-tax basis. Available during the annual enrollment.

Updated November 11, 2007