NEW YORK (Standard&Poor's) Sept. 12, 2003—Standard&Poor's Ratings Services today noted that FPL Energy LLC, a subsidiary of FPL Group Inc. (A/Negative/--), announced an agreement with British Energy LLC to buy its 50% ownership in AmerGen Energy Company PLC, which owns three nuclear power plants totaling 2,480 MW. A key component in the assessment of the credit impact is that the transaction is funded largely with equity and will not increase the company's leverage. The unregulated portfolio's operating risk will increase through the nuclear exposure expansion of the portfolio to 17%, due to the acquisition of ownership in three nuclear plants. The portfolio is expected to total 13,000 MW if this transaction closes as expected in first-quarter
