FPL Energy, LLC, a subsidiary of FPL Group, Inc.
Mr. Maisto previously served as president of Edison Mission Marketing & Trading, a subsidiary of Edison Mission Energy. He also was chief executive officer of Citizens Power prior to it being acquired by Edison Mission Energy in September 2000.
"We are pleased that Mark Maisto has joined FPL Group's independent power producer business," said Lew Hay, president of FPL Energy. "We expect Mark, with his broad experience and strong leadership skills, will contribute significantly to the rapid growth and profitability of FPL Energy."
"The primary objective of our power marketing and trading organization is to optimize FPL Energy's operating assets, which now total 4,100 megawatts of capacity and are expected to grow to more than 9,500 megawatts by the end of 2003," said Mr. Hay. "Mark and his team also play an important role in identifying and analyzing new project opportunities."
During Mr. Maisto's tenure at Citizens Power, that company was ranked among the top 10 power marketing and trading organizations and was an industry leader in structured trade transactions. Prior to joining Citizens Power, Mr. Maisto was an investment banker at Lehman Brothers, specializing in energy financing, and was a principal liaison with the Citizens Lehman Power joint venture. Earlier, he was a director of utility finance with General Electric Capital Corporation.
Mr. Maisto holds a bachelor of arts degree in economics from Cornell University and a masters degree in business administration from New York University.
FPL Energy is a leading independent producer of clean energy, including natural gas, wind, solar, geothermal, hydro and biomass generating facilities operating in 12 states. It is a subsidiary of FPL Group Inc., one of the nation's largest providers of electricity-related services with annual revenues of more than $7 billion. FPL Group's principal subsidiary is Florida Power & Light Company, one of the nation's largest electric utilities, serving approximately 3.9 million customer accounts in Florida. Additional information is available on the Internet at http://www.fplenergy.com/, http://www.fplgroup.com/ and http://www.fpl.com/.
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SOURCE: FPL Energy, LLC
Contact: Corporate Communications Media Line of FPL Energy, LLC,
305-552-3888