Jim Broadhead's objective was to build on the solid foundation of FPL and its energy-related
expertise to strengthen FPL Group and build long term shareholder value. During his 13-
year tenure, FPL's power capability expanded by nearly one-third while non-utility power
production increased more than seven-fold. Overall, the company's power capacity grew
almost 50 percent to nearly 25,000 megawatts. This helped to nearly double the value of
FPL Group from $4.7 billion to more than $9 billion and rewarded shareholders with an
annualized total return well above the industry average. Customers, meanwhile, were
rewarded with the lowest electric rates since 1984.
"I think what pleased me most during my time here was our ability to add more than a
million new customers without increasing rates," says Mr. Broadhead. "This has made
people's lives a little easier and reduced the costs companies pay for energy, making it possible for them to create jobs. It has made Florida an even more attractive place to live
and work.