Storm Securitization Bonds

FPL Recovery Funding LLC Series A Senior Secured Storm Recovery Bonds

Bond Company Description

FPL Recovery Funding LLC is a special purpose Delaware limited liability company. FPL is our sole member and owns all of our equity interests. We were formed solely for the purpose of purchasing and owning the storm-recovery property, issuing storm-recovery bonds from time to time (including the Series A Bonds) and performing activities incidental thereto. These are the first storm-recovery bonds which we have issued. We may not issue storm-recovery bonds except as authorized under the financing order. The financing order limits the aggregate principal amount of the bonds to $708 million, however, we only intend to issue bonds in an aggregate principal amount equal $652,000,000. We are responsible to the State and the Florida Commission on an ongoing basis as provided in our organizational documents, the transaction documents and the financing order.

Address:
700 Universe Boulevard,
Juno Beach, FL 33408

Telephone Number: (561) 694-4000

Summary of Terms

Tranche

Principal Amount Offered
($ M)

Weighted Average Life (Years)

Scheduled Final Maturity

Scheduled Sinking Fund Payments Begin

No. of Sinking Fund Payments

Coupon

A-11241.972/1/20112/1/200875.0530%
A-21404.988/1/20132/1/201165.0440%
A-31007.318/1/20158/1/201355.1273%
A-428810.388/1/20198/1/201595.2555%

Ratings

Instrument

Moody's
RatingOutlook

S&P
RatingOutlook

Fitch
RatingOutlook

Issuer
FPL Recovery
Funding LLC
Storm
Recovery
Bonds
AAAN/AAAAN/AAAAN/A
Servicer
Florida Power
& Light Company
Senior
Unsecured
Debt
A2StableA-StableAStable

Ratings assigned to the FPL Recovery Funding LLC Storm Recovery Bonds and to the debt issued by the Servicer.

Other Information

FPL Recovery Funding LLC Org Chartpdf
Amortization Schedulepdf

Monthly and Semiannual Servicer's Certificates

2016

January 2016 Certificatepdf
February 2016 Certificatepdf
March 2016 Certificatepdf
April 2016 Certificatepdf
May 2016 Certificatepdf
June 2016 Certificatepdf
July 2016 Certificatepdf
August 2016 Certificatepdf
September 2016 Certificatepdf
October 2016 Certificatepdf
November 2016 Certificatepdf
December 2016 Certificatepdf

2015

January 2015 Certificatepdf
February 2015 Certificatepdf
March 2015 Certificatepdf
April 2015 Certificatepdf
May 2015 Certificatepdf
June 2015 Certificatepdf
July 2015 Certificatepdf
August 2015 Certificatepdf
September 2015 Certificatepdf
October 2015 Certificatepdf
November 2015 Certificatepdf
December 2015 Certificatepdf

2014

January 2014 Certificatepdf
February 2014 Certificatepdf
March 2014 Certificatepdf
April 2014 Certificatepdf
May 2014 Certificatepdf
June 2014 Certificatepdf
July 2014 Certificatepdf
August 2014 Certificatepdf
September 2014 Certificatepdf
October 2014 Certificatepdf
November 2014 Certificatepdf
December 2014 Certificatepdf

2013

January 2013 Certificatepdf
February 2013 Certificatepdf
March 2013 Certificatepdf
April 2013 Certificatepdf
May 2013 Certificatepdf
June 2013 Certificatepdf
July 2013 Certificatepdf
August 2013 Certificatepdf
Revised August 2013 Certificate Letterpdf
September 2013 Certificatepdf
October 2013 Certificatepdf
Officer’s Certificate November 2013pdf
November 2013 Certificatepdf
December 2013 Certificatepdf

2012

January 2012 Certificatepdf
February 2012 Certificatepdf
March 2012 Certificatepdf
April 2012 Certificatepdf
May 2012 Certificatepdf
June 2012 Certificatepdf
July 2012 Certificatepdf
August 2012 Certificatepdf
September 2012 Certificatepdf
October 2012 Certificatepdf
November 2012 Certificatepdf
December 2012 Certificatepdf

2011

January 2011 Certificatepdf
February 2011 Certificatepdf
March 2011 Certificatepdf
April 2011 Certificatepdf
May 2011 Certificatepdf
June 2011 Certificatepdf
July 2011 Certificatepdf
August 2011 Certificatepdf
September 2011 Certificatepdf
October 2011 Certificatepdf
November 2011 Certificatepdf
December 2011 Certificatepdf

2010

2009

January 2010 CertificatepdfJanuary 2009 Certificatepdf
February 2010 CertificatepdfFebruary 2009 Certificatepdf
March 2010 CertificatepdfMarch 2009 Certificatepdf
April 2010 CertificatepdfApril 2009 Certificatepdf
May 2010 CertificatepdfMay 2009 Certificatepdf
June 2010 CertificatepdfJune 2009 Certificatepdf
July 2010 CertificatepdfJuly 2009 Certificatepdf
August 2010 CertificatepdfAugust 2009 Certificatepdf
September 2010 CertificatepdfSeptember 2009 Certificatepdf
October 2010 CertificatepdfOctober 2009 Certificatepdf
November 2010 CertificatepdfNovember 2009 Certificatepdf
December 2010 CertificatepdfDecember 2009 Certificatepdf

2008

2007

January 2008 CertificatepdfMay 2007 Certificatepdf
February 2008 CertificatepdfJune 2007 Certificatepdf
March 2008 CertificatepdfJuly 2007 Certificatepdf
April 2008 CertificatepdfAugust 2007 Certificatepdf
May 2008 CertificatepdfSeptember 2007 Certificatepdf
June 2008 CertificatepdfOctober 2007 Certificatepdf
July 2008 CertificatepdfNovember 2007 Certificatepdf
August 2008 CertificatepdfDecember 2007 Certificatepdf
September 2008 Certificatepdf
October 2008 Certificatepdf
November 2008 Certificatepdf
December 2008 Certificatepdf

Semiannual Certificates

Semiannual Certificate (February 08)pdf
Semiannual Certificate (August 08)pdf
Semiannual Certificate (February 09)pdf
Semiannual Certificate (August 09)pdf
Semiannual Certificate (February 10)pdf
Semiannual Certificate (August 10)pdf
Semiannual Certificate (February 11)pdf
Semiannual Certificate (August 11)pdf
Semiannual Certificate (February 12)pdf
Semiannual Certificate (August 12)pdf
Semiannual Certificate (February 13)pdf
Semiannual Certificate (August 13)pdf
Semiannual Certificate (February 14)pdf
Semiannual Certificate (August 14)pdf
Semiannual Certificate (February 15)pdf
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