NY -- Standard&Poor's CreditWire 1/6/98 -- Standard&Poor's today affirmed its ratings on FPL Group Inc. and Florida Power&Light Co. (see below) in response to FPL Group's recently announced acquisition of 1,185 megawatts in non-nuclear generating assets from Central Maine Power Co. (CMP). The affirmation also gives consideration to FPL Group's partnership with Tractebel S.A. to jointly own two 300MW gas-fired combined cycle plants in the northeast. The acquisition of 1,185MW of non-nuclear assets is supported by purchased power agreements with CMP through the start of retail competition in the state on March 1, 2000. The FPL Group/Tractebel joint venture is supported by existing long-term purchased power agreements with local utilities. The acquisition of the
