FPL Group, Inc. today announced the appointment of Ronald F. Green as president of FPL Energy, LLC, a wholly owned subsidiary in the independent power production business. Mr. Green, 53, will assume his position in early December and will succeed Lew Hay, formerly president of FPL Energy and now president and CEO of FPL Group.
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Mr. Green brings more than 30 years of experience in managing a wide array of energy business activities. He most recently served as president and CEO of Duke Engineering and Services, Inc. and president and chief operating officer of DukeSolutions, Inc., both subsidiaries of Duke Energy. He also has served as a member of the board of directors of Duke Energy Trading and Marketing, Duke/Fluor Daniel and DukeSolutions, Inc. He joined Duke Energy in April 1999.
"Ron Green brings to FPL Energy exceptional management and industry experience, especially in power plant construction, energy marketing and trading and project development," said Mr. Hay. "We are pleased to have such an energetic and enthusiastic leader at the helm of our growing independent power business."
FPL Energy will own and operate approximately 5,100 megawatts of electricity generating facilities by the end of 2001. New power plants, most of which are currently under construction, will add another 5,000 megawatts to the company's portfolio by the end of 2003. The subsidiary contributes approximately 15 percent of FPL Group's earnings, the balance coming from its primary subsidiary Florida Power & Light Company.
Prior to joining Duke Energy, Mr. Green was president of Tejas Power Generation, responsible for leading the development of the power generation business of Tejas Energy, an affiliate of Shell Oil Company. He has had extensive experience in managing the engineering and construction of power plants, having held senior management positions with Fluor Corporation and Duke/Fluor Daniel over a 15-year period. Mr. Green was the founding president of Duke/Fluor Daniel in 1989, which today has revenues of more than $4.5 billion.
A native of Tennessee, Mr. Green has a bachelors of science degree in engineering physics and a masters in engineering administration from the University of Tennessee. He also has completed advanced management programs at the Wharton School of Business and the American Graduate School of International Management.
Mr. Green serves as member of the board of directors and chairman of its executive committee for the College of Engineering at the University of Tennessee, Knoxville. He also is an advisory board member for the National Society of Black Engineers and is a member of the American Nuclear Society and the American Society of Mechanical Engineers.
FPL Group, with annual revenues of more than $8 billion, is one of the nation's largest providers of electricity-related services. Its principal subsidiary, Florida Power & Light Company, serves approximately 3.9 million customer accounts in Florida. FPL Energy, LLC, a FPL Group energy-generating subsidiary, is a leader in producing electricity from clean and renewable fuels. Additional information is available on the Internet at http://www.fplgroup.com/, http://www.fpl.com/ and http://www.fplenergy.com/.
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SOURCE: FPL Group, Inc.