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.
700 Universe Boulevard,
Juno Beach, FL 33408
Telephone Number: (561) 694-4000
Summary of Terms
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Scheduled Sinking Fund Payments Begin
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& Light Company
Ratings assigned to the FPL Recovery Funding LLC Storm Recovery Bonds and to the debt issued by the Servicer.
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