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Washington, D.C. 20549 |
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CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of earliest event reported: June 3, 2004 |
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Commission |
Exact name of registrant as specified in its |
IRS Employer |
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700 Universe Boulevard Juno Beach, Florida 33408 (561) 694-4000 |
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On June 3, 2004, an indirect subsidiary of FPL Group, Inc. (FPL Group) sold a note receivable from a limited partnership of which Olympus Communications, L.P. (Olympus) is a general partner. Olympus is an indirect subsidiary of Adelphia Communications Corp. (Adelphia). In June 2002, Adelphia, Olympus and the limited partnership filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code, and the note, which was due July 1, 2002, is in default. The note receivable was sold for its net book value of approximately $127 million, including accrued interest through the date of the commencement of the Chapter 11 proceedings, less related transaction costs which are not significant. |
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SIGNATURES |
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. |
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FPL GROUP, INC. |
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(Registrant) |
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Date: June 9, 2004 |
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K. MICHAEL DAVIS |
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K. Michael Davis Controller and Chief Accounting Officer of FPL Group, Inc. Vice President, Accounting, Controller |
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