NEW YORK (Standard&Poor's) March 18, 2005--Standard&Poor's Ratings Services said today that it affirmed its 'A' corporate credit rating on diversified energy company FPL Group Inc. and its related subsidiaries following its annual review. The outlook remains negative. The Juno Beach, Fla.-based corporation had about $8.5 billion of consolidated debt as of Dec. 31, 2004. "The negative outlook for FPL Group is likely to remain until the uncertainty regarding the regulatory requests is resolved," said Standard&Poor's credit analyst Jodi Hecht. "The outlook could be revised to stable if recovery of the storm restoration costs are approved without any significant disallowances and an increase in base rates is approved," said Ms. Hecht. The consolidated rating on
