FORM 11-K |
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[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2001 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
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Commission File Number 1-8841 |
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FPL Energy Operating Services, Inc. |
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(Name of issuer of the securities held pursuant to the plan) |
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Juno Beach, Florida 33408 (Address of principal executive office) |
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INDEPENDENT AUDITORS' REPORT |
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Certified Public Accountants |
FPL ENERGY OPERATING SERVICES, INC. EMPLOYEE THRIFT PLAN |
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December 31, |
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2001 |
2000 |
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Accrued interest receivable - Leveraged ESOP Account |
$ |
4 |
$ |
23 |
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General investments |
8,105,333 |
8,674,153 |
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Employer securities held in the Master Trust |
1,781,385 |
1,445,049 |
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Leveraged ESOP employer securities |
2,416,589 |
2,956,414 |
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Total employer securities |
4,197,974 |
4,401,463 |
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Total |
12,303,311 |
13,075,639 |
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Interest payable - Leveraged ESOP Account |
5,677 |
5,401 |
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Acquisition indebtedness of Leveraged ESOP |
1,768,249 |
1,671,940 |
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Total |
1,773,926 |
1,677,341 |
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NET ASSETS AVAILABLE FOR BENEFITS |
$ |
10,529,385 |
$ |
11,398,298 |
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FPL ENERGY OPERATING SERVICES, INC. EMPLOYEE THRIFT PLAN |
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Year Ended December 31, 2001 |
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Contributions: |
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Received from Members |
$ |
1,506,655 |
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Noncash contributions (from employer) |
585,052 |
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Total contributions |
$ |
2,091,707 |
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Interest: |
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Interest-bearing cash |
19,600 |
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Other loans (Member loans) |
58,706 |
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Total interest |
78,306 |
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Common stock dividends |
60,756 |
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Net appreciation (depreciation) in fair value of investments: |
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Master trust |
(294,880 |
) |
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Registered investment companies |
(1,096,462 |
) |
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Total net depreciation in fair value of investments |
(1,391,342 |
) |
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Total |
839,427 |
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Benefit payments to Members or beneficiaries |
987,101 |
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Administrative expenses |
2,441 |
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Total |
989,542 |
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Transfers from the Plan - net |
(82,369 |
) |
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Effect of current year Leveraged ESOP activity |
(636,429 |
) |
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Total transfers from the Plan |
(718,798 |
) |
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2000 |
11,398,298 |
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2001 |
$ |
10,529,385 |
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FPL ENERGY OPERATING SERVICES, INC. |
1. Description of the Plan and Significant Accounting Policies |
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The Plan allows Members, at any time, to change their contribution percentage, to change their investment option allocation for future contributions or to transfer their account balance attributable to Member contributions from one investment option to another. At December 31, 2001, the number of Members contributing to the Plan was 530. Company contributions are primarily made from Common Stock shares released from the Leveraged ESOP Account. Forfeitures of non-vested Company contributions due to termination of Plan participation are used to reduce the amount of future Company contributions to the Plan or may be applied to administrative expenses. A Member who has attained at least the age of 50 and completed five years of service will be permitted to transfer all or any portion of Company contributions made to his or her account and any earnings thereon to one or more of the other investment options. Any future Company contributions will continue to be invested in Common Stock. |
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Total |
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The |
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Allocation percentage |
100.0% |
70.9% |
28.5% |
0.6% |
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Accrued interest |
$ |
662 |
$ |
469 |
$ |
189 |
$ |
4 |
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Employer securities |
393,389,107 |
278,867,244 |
112,105,274 |
2,416,589 |
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Total assets |
393,389,769 |
278,867,713 |
112,105,463 |
2,416,593 |
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Interest payable |
924,115 |
655,090 |
263,348 |
5,677 |
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Acquisition indebtedness |
287,847,870 |
204,050,750 |
82,028,871 |
1,768,249 |
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Total liabilities |
288,771,985 |
204,705,840 |
82,292,219 |
1,773,926 |
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Net assets at December 31, 2001 |
$ |
104,617,784 |
$ |
74,161,873 |
$ |
29,813,244 |
$ |
642,667 |
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Contributions received from employer |
$ |
22,191,545 |
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Interest income |
7,950 |
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Dividends |
16,222,888 |
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Net depreciation in fair value of investments |
(114,264,130 |
) |
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Total |
(75,841,747 |
) |
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Interest expense |
29,115,173 |
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Net loss |
(104,956,920 |
) |
$ |
(74,402,283 |
) |
$ |
(29,909,887 |
) |
$ |
(644,750 |
) |
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Allocation of shares to plans |
(23,072,805 |
) |
(16,104,151 |
) |
(6,383,602 |
) |
(585,052 |
) |
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Transfers to (from) the plan |
- |
423,354 |
(1,016,727 |
) |
593,373 |
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Effect of current year leveraged ESOP |
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activity on net assets |
(128,029,725 |
) |
(90,083,080 |
) |
(37,310,216 |
) |
(636,429 |
) |
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Net assets at December 31, 2000 |
232,647,509 |
164,244,953 |
67,123,460 |
1,279,096 |
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Net assets at December 31, 2001 |
$ |
104,617,784 |
$ |
74,161,873 |
$ |
29,813,244 |
$ |
642,667 |
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December 31, |
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2001 |
2000 |
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Dreyfus Founders Worldwide Growth |
$ |
829,636 |
$ |
1,473,735 |
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Fidelity Fund |
653,543 |
755,203 |
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Fidelity Equity-Income |
837,725 |
851,767 |
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Fidelity Growth Company |
441,166 |
616,605 |
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Fidelity Blue Chip Growth |
1,174,471 |
1,612,227 |
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Fidelity Retirement Government Money Market |
605,986 |
22,027 |
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FPL Managed Income Fund |
572,678 |
535,773 |
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FPL Group Stock Fund (1) |
742,928 |
820,400 |
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FPL Group Stock LESOP Fund (2) |
1,052,466 |
629,715 |
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Loans to Members |
821,156 |
833,222 |
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_____________________ |
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(1) |
Includes short-term investments of $5,631 and $190 at December 31, 2001 and 2000, respectively, to provide liquidity. |
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(2) |
Represents Company matching contributions in Common Stock which are nonparticipant-directed investments of the Plan. Includes short-term investments of $8,378 and $4,876 at December 31, 2001 and 2000, respectively, to provide liquidity. |
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8. Master Trust |
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Percent of |
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December 31, |
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2001 |
2000 |
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FPL Group Employee Thrift Plan EIN 59-0247775 PN 002 |
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Florida Power & Light Company EIN 59-0247775 PN 003 |
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EIN 65-0471798 PN 001 |
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FPL Group Employee Thrift Plan EIN 59-0247775 PN 002 |
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Florida Power & Light Company EIN 59-0247775 PN 003 |
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EIN 65-0471798 PN 001 |
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FPL Group Employee Thrift Plan EIN 59-0247775 PN 002 |
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Florida Power & Light Company EIN 59-0247775 PN 003 |
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EIN 65-0471798 PN 001 |
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FPL Group Employee Thrift Plan EIN 59-0247775 PN 002 |
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Florida Power & Light Company EIN 59-0247775 PN 003 |
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EIN 65-0471798 PN 001 |
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FPL Group Employee Thrift Plan EIN 59-0247775 PN 002 |
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Florida Power & Light Company EIN 59-0247775 PN 003 |
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EIN 65-0471798 PN 001 |
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FPL Group Employee Thrift Plan EIN 59-0247775 PN 002 |
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Florida Power & Light Company EIN 59-0247775 PN 003 |
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EIN 65-0471798 PN 001 |
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FPL MANAGED INCOME PORTFOLIO |
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2001 |
2000 |
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General investments: |
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Value of unallocated insurance and financial institution contracts |
$ |
258,419,221 |
$ |
221,262,195 |
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Total |
258,419,221 |
221,262,195 |
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LIABILITIES |
- |
- |
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NET ASSETS AVAILABLE FOR BENEFITS |
$ |
258,419,221 |
$ |
221,262,195 |
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Year Ended |
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Contributions received from Members |
$ |
5,811,437 |
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Earnings on investments: |
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Interest |
13,267,652 |
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Total |
19,079,089 |
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Benefit payments to Members or beneficiaries |
24,145,916 |
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Account maintenance fees |
9,688 |
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Total |
24,155,604 |
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NET LOSS |
(5,076,515 |
) |
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Transfers into fund |
290,887,482 |
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Transfers out of fund |
(248,653,941 |
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Net transfers |
42,233,541 |
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2000 |
221,262,195 |
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2001 |
$ |
258,419,221 |
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CONSERVATIVE INVESTMENT STRATEGY |
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2001 |
2000 |
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Receivables: |
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Income |
$ |
76,641 |
$ |
84,293 |
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Other |
47,100 |
- |
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Total receivables |
123,741 |
84,293 |
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Value of unallocated insurance and financial institution contracts |
10,675,074 |
10,241,252 |
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Mutual funds |
10,533,453 |
9,312,247 |
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Total general investments |
21,208,527 |
19,553,499 |
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Total |
21,332,268 |
19,637,792 |
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LIABILITIES |
128 |
109 |
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NET ASSETS AVAILABLE FOR BENEFITS |
$ |
21,332,140 |
$ |
19,637,683 |
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Year Ended |
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Contributions received from Members |
$ |
658,592 |
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Interest |
597,517 |
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Dividends |
371,839 |
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Net depreciation in fair value of investments |
(321,613 |
) |
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Total |
1,306,335 |
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Benefit payments to Members or beneficiaries |
923,943 |
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Account maintenance fees |
1,233 |
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Total |
925,176 |
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NET INCOME |
381,159 |
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Transfers into fund |
6,480,959 |
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Transfers out of fund |
(5,167,661 |
) |
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Net transfers |
1,313,298 |
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2000 |
19,637,683 |
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2001 |
$ |
21,332,140 |
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MODERATE GROWTH INVESTMENT STRATEGY |
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2001 |
2000 |
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ASSETS |
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Receivables: |
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Income |
$ |
179,402 |
$ |
271,624 |
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Other |
25 |
58,253 |
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Total receivables |
179,427 |
329,877 |
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Value of unallocated insurance and financial institution contracts |
19,067,064 |
23,131,741 |
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Mutual funds |
57,909,195 |
63,199,600 |
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Total general investments |
76,976,259 |
86,331,341 |
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Total |
77,155,686 |
86,661,218 |
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LIABILITIES |
4,754 |
561 |
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NET ASSETS AVAILABLE FOR BENEFITS |
$ |
77,150,932 |
$ |
86,660,657 |
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Year Ended |
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INCOME |
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Contributions received from Members |
$ |
2,549,502 |
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Interest |
1,252,764 |
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Dividends |
1,639,950 |
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Net depreciation in fair value of investments |
(4,092,783 |
) |
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Total |
1,349,433 |
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Benefit payments to Members or beneficiaries |
4,080,700 |
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Account maintenance fees |
6,298 |
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Total |
4,086,998 |
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NET LOSS |
(2,737,565 |
) |
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Transfers into fund |
6,413,347 |
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Transfers out of fund |
(13,185,507 |
) |
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Net transfers |
(6,772,160 |
) |
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2000 |
86,660,657 |
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2001 |
$ |
77,150,932 |
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LONG-TERM GROWTH INVESTMENT STRATEGY |
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2001 |
2000 |
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Receivables: |
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Income |
$ |
99,017 |
$ |
167,348 |
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Other |
- |
66,150 |
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Total receivables |
99,017 |
233,498 |
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Value of unallocated insurance and financial institution contracts |
8,571,304 |
11,042,921 |
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Mutual funds |
76,627,483 |
87,877,354 |
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Total general investments |
85,198,787 |
98,920,275 |
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Total |
85,297,804 |
99,153,773 |
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LIABILITIES |
101,333 |
11,465 |
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NET ASSETS AVAILABLE FOR BENEFITS |
$ |
85,196,471 |
$ |
99,142,308 |
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Year Ended |
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Contributions received from Members |
$ |
4,699,952 |
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Interest |
580,528 |
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Dividends |
1,572,000 |
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Net depreciation in fair value of investments |
(9,460,417 |
) |
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Total |
(2,607,937 |
) |
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Benefit payments to Members or beneficiaries |
3,030,819 |
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Account maintenance fees |
9,397 |
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Total |
3,040,216 |
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NET LOSS |
(5,648,153 |
) |
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Transfers into fund |
5,727,013 |
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Transfers out of fund |
(14,024,697 |
) |
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Net transfers |
(8,297,684 |
) |
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2000 |
99,142,308 |
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2001 |
$ |
85,196,471 |
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FPL GROUP STOCK FUND |
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2001 |
2000 |
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Cash |
$ |
- |
$ |
2,506,730 |
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Receivables: |
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Income |
3,978 |
8,527 |
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Other |
372,436 |
3,978,665 |
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Total receivables |
376,414 |
3,987,192 |
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Money market |
2,300,687 |
92,880 |
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Employer securities |
301,110,276 |
400,536,783 |
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Total |
303,787,377 |
407,123,585 |
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LIABILITIES |
1,022,944 |
2,672,185 |
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NET ASSETS AVAILABLE FOR BENEFITS |
$ |
302,764,433 |
$ |
404,451,400 |
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Year Ended |
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Contributions received from Members |
$ |
5,198,303 |
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Interest |
142,391 |
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Dividends |
12,244,254 |
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Net depreciation in fair value of investments |
(85,198,762 |
) |
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Total |
(67,613,814 |
) |
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Benefit payments to Members or beneficiaries |
23,906,653 |
|||||||
Account maintenance fees |
40,607 |
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Total |
23,947,260 |
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NET LOSS |
(91,561,074 |
) |
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|
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Transfers into fund |
110,746,876 |
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Transfers out of fund |
(120,872,769 |
) |
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Net transfers |
(10,125,893 |
) |
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2000 |
404,451,400 |
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NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2001 |
$ |
302,764,433 |
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FPL GROUP STOCK LESOP FUND |
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2001 |
2000 |
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Receivables: |
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Income |
$ |
2,656 |
$ |
8,121 |
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Other |
193,213 |
426,553 |
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Total receivables |
195,869 |
434,674 |
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Money market |
1,484,652 |
1,684,073 |
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Employer securities |
185,018,790 |
215,800,107 |
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Total |
186,699,311 |
217,918,854 |
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LIABILITIES |
108,300 |
273,505 |
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NET ASSETS AVAILABLE FOR BENEFITS |
$ |
186,591,011 |
$ |
217,645,349 |
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Year Ended |
||||||||
|
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Contributions received from Members |
$ |
23,072,805 |
||||||
|
||||||||
Interest |
71,694 |
|||||||
Dividends |
6,999,238 |
|||||||
Net depreciation in fair value of investments |
(46,424,027 |
) |
||||||
Total |
(16,280,290 |
) |
||||||
|
||||||||
Benefit payments to Members or beneficiaries |
14,942,113 |
|||||||
Account maintenance fees |
42,992 |
|||||||
Total |
14,985,105 |
|||||||
NET LOSS |
(31,265,395 |
) |
||||||
|
||||||||
Transfers into fund |
7,053,391 |
|||||||
Transfers out of fund |
(6,842,334 |
) |
||||||
Net transfers |
211,057 |
|||||||
NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2000 |
217,645,349 |
|||||||
NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2001 |
$ |
186,591,011 |
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UNITS/SHARES |
PRICE |
HISTORICAL |
MARKET VALUE |
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|
||||||||||||
FIDELITY FUND |
22,629.61 |
$28.88 |
$865,804.75 |
$653,543.03 |
||||||||
FIDELITY PURITAN |
40.634 |
$17.67 |
728.92 |
717.99 |
||||||||
FIDELITY GINNIE MAE |
7,398.60 |
$10.86 |
81,143.66 |
80,348.80 |
||||||||
FIDELITY MAGELLAN |
665.895 |
$104.22 |
75,694.17 |
69,399.58 |
||||||||
FIDELITY EQUITY INC |
17,177.05 |
$48.77 |
888,462.89 |
837,724.81 |
||||||||
FIDELITY GROWTH CO |
8,289.47 |
$53.22 |
646,098.81 |
441,165.79 |
||||||||
FIDELITY INTER BOND |
6,559.42 |
$10.32 |
68,866.33 |
67,693.24 |
||||||||
FIDELITY CAP & INC |
104.042 |
$6.78 |
820.85 |
705.41 |
||||||||
FIDELITY VALUE |
76.401 |
$51.51 |
3,733.64 |
3,935.42 |
||||||||
FIDELITY OTC PORT |
694.851 |
$31.17 |
30,961.72 |
21,658.51 |
||||||||
FIDELITY OVERSEAS |
3,137.88 |
$27.42 |
127,618.31 |
86,040.61 |
||||||||
FIDELITY EUROPE |
78.057 |
$24.76 |
2,483.59 |
1,932.67 |
||||||||
FIDELITY PAC BASIN |
43.85 |
$13.85 |
772.67 |
607.31 |
||||||||
FIDELITY REAL ESTAT |
259.675 |
$18.52 |
4,757.47 |
4,809.18 |
||||||||
FIDELITY BALANCED |
21,490.36 |
$14.90 |
331,149.29 |
320,206.39 |
||||||||
FIDELITY INTL GR&IN |
32.049 |
$18.76 |
678.57 |
601.23 |
||||||||
FIDELITY CANADA |
16.878 |
$18.97 |
315.29 |
320.17 |
||||||||
FIDELITY UTILITIES |
89.582 |
$13.49 |
1,300.28 |
1,208.45 |
||||||||
FIDELITY BLUE CHIP |
27,351.45 |
$42.94 |
1,578,255.55 |
1,174,471.39 |
||||||||
FID ASSET MANAGER |
1,078.73 |
$15.50 |
18,034.35 |
16,720.27 |
||||||||
FIDELITY DISC EQUIT |
252.801 |
$22.10 |
7,579.30 |
5,586.91 |
||||||||
FIDELITY LOW PR STK |
770.793 |
$27.42 |
20,688.20 |
21,135.16 |
||||||||
SPARTAN 500 INDEX |
605.189 |
$78.89 |
47,665.47 |
47,743.37 |
||||||||
FIDELITY EQ INC II |
2,483.38 |
$21.03 |
53,789.16 |
52,225.38 |
||||||||
FID ASSET MGR GROWT |
0.899 |
$14.34 |
13.17 |
12.90 |
||||||||
FIDELITY AGGR GROWT |
3,704.32 |
$19.02 |
136,821.40 |
70,456.10 |
||||||||
FIDELITY DIVERS INT |
10,980.58 |
$19.08 |
261,706.39 |
209,509.50 |
||||||||
FIDELITY DIVD GROWT |
730.778 |
$28.33 |
22,209.83 |
20,702.94 |
||||||||
FIDELITY NEW MKT IN |
19.298 |
$10.91 |
210.25 |
210.54 |
||||||||
FIDELITY EXP & MULT |
916.816 |
$16.97 |
14,941.20 |
15,558.37 |
||||||||
FID FOCUSED STOCK |
97.056 |
$11.76 |
1,520.20 |
1,141.38 |
||||||||
FID SM CAP INDEPEND |
362.981 |
$16.80 |
5,817.57 |
6,098.08 |
||||||||
FIDELITY MID-CAP ST |
1,556.91 |
$22.57 |
38,825.86 |
35,139.51 |
||||||||
FIDELITY CONTRA II |
268.187 |
$10.35 |
2,869.31 |
2,775.72 |
||||||||
FIDELITY SM CAP STK |
23.347 |
$14.36 |
303.04 |
335.25 |
||||||||
FIDELITY JAPAN |
239.479 |
$9.10 |
2,421.14 |
2,179.26 |
||||||||
FIDELITY SE ASIA |
28.963 |
$10.98 |
315.50 |
318.02 |
||||||||
FIDELITY GR & INC I |
1,260.93 |
$9.23 |
11,571.58 |
11,638.37 |
||||||||
FID FREEDOM 2000 |
1.116 |
$11.52 |
13.10 |
12.84 |
||||||||
FID FREEDOM 2020 |
39.577 |
$12.58 |
510.30 |
497.88 |
||||||||
FID FREEDOM 2030 |
71.2 |
$12.56 |
1,156.12 |
894.29 |
||||||||
SPTN TOTAL MKT INDE |
65.683 |
$29.56 |
1,904.91 |
1,941.59 |
||||||||
SPARTAN INTL INDEX |
14.436 |
$24.44 |
361.29 |
352.82 |
||||||||
FIDELITY FIFTY |
5.361 |
$16.12 |
86.10 |
86.42 |
||||||||
FIDELITY RET GOVT M |
605,985.94 |
$1.00 |
605,985.94 |
605,985.94 |
||||||||
SPARTAN US EQ INDEX |
2,000.98 |
$40.64 |
98,922.50 |
81,319.87 |
||||||||
FIDELITY US BD INDE |
146.159 |
$10.80 |
1,593.82 |
1,578.50 |
||||||||
FID FREEDOM 2040 |
1.75 |
$7.39 |
12.92 |
12.93 |
||||||||
FPL MANAGED INCOME * |
572,678.46 |
$1.00 |
572,678.46 |
572,678.46 |
||||||||
INVESCO TOTAL RETUR |
3.03 |
$25.01 |
75.33 |
75.78 |
||||||||
DOMINI SOCIAL EQUIT |
686.9 |
$27.37 |
25,665.32 |
18,800.47 |
||||||||
JANUS ADVISER GROWT |
31.504 |
$20.69 |
604.25 |
651.82 |
||||||||
JANUS ADV CAP APPRE |
7.705 |
$21.31 |
160.28 |
164.19 |
||||||||
JANUS ADVISER INTL |
3.968 |
$24.54 |
93.55 |
97.38 |
||||||||
SCUDDER GROWTH & IN |
33.652 |
$21.06 |
765.49 |
708.71 |
||||||||
AIM BLUE CHIP A |
639.365 |
$12.15 |
9,394.94 |
7,768.28 |
||||||||
PIMCO TOT RETURN AD |
12,934.31 |
$10.46 |
130,674.59 |
135,292.87 |
||||||||
BARON GROWTH |
606.007 |
$30.67 |
18,414.17 |
18,586.22 |
||||||||
BARON ASSET FUND |
14.385 |
$44.46 |
665.81 |
639.57 |
||||||||
BRANDYWINE FUND |
1,914.88 |
$23.35 |
59,751.84 |
44,712.51 |
||||||||
UAM/FPA CRESCENT |
504.131 |
$17.19 |
8,172.21 |
8,666.01 |
||||||||
UAM/RHJ SMALL CAP |
888.549 |
$16.59 |
14,936.89 |
14,741.01 |
||||||||
PBHG EMERGING GROWT |
0.83 |
$16.01 |
12.80 |
13.29 |
||||||||
ARIEL FUND |
306.291 |
$37.72 |
10,927.82 |
11,553.30 |
||||||||
ARIEL APPRECIATION |
132.187 |
$37.02 |
4,434.23 |
4,893.55 |
||||||||
ARIEL PREMIER BOND |
393.167 |
$10.23 |
3,994.35 |
4,022.10 |
||||||||
ALGER CAP APPRECIAT |
629.924 |
$12.87 |
12,048.76 |
8,107.10 |
||||||||
ALGER MID CAP GROWT |
2,719.89 |
$14.87 |
43,728.38 |
40,444.73 |
||||||||
ALGER SMALL CAP RTM |
134.597 |
$14.98 |
2,557.02 |
2,016.27 |
||||||||
DREY FNDRS GROWTH F |
51.164 |
$10.53 |
748.31 |
538.75 |
||||||||
DREY FNDRS WW GRTH |
70,788.04 |
$11.72 |
1,478,186.78 |
829,635.86 |
||||||||
FKLN SMMIDCAP GRTH |
239.738 |
$31.17 |
10,639.43 |
7,472.63 |
||||||||
PBHG GROWTH FUND |
27.33 |
$20.36 |
532.37 |
556.43 |
||||||||
INVESCO DYNAMICS |
215.17 |
$15.93 |
3,988.77 |
3,427.66 |
||||||||
INVESCO SM CO GROWT |
97.623 |
$12.14 |
1,773.96 |
1,185.13 |
||||||||
INVESCO GROWTH INV |
2,379.98 |
$2.60 |
10,723.95 |
6,187.94 |
||||||||
JANUS FLEX INCOME |
2,243.17 |
$9.22 |
20,378.17 |
20,681.99 |
||||||||
TEMPLETON FOREIGN A |
122.823 |
$9.25 |
1,173.95 |
1,136.11 |
||||||||
DREY FNDRS DISCVRY |
1,549.87 |
$28.45 |
44,166.51 |
44,093.88 |
||||||||
MSIFT FIXED INC ADV |
118.494 |
$11.62 |
1,393.86 |
1,376.90 |
||||||||
MSIFT MIDCAP GTH AD |
1,562.28 |
$17.19 |
46,677.97 |
26,855.52 |
||||||||
MSI SM CO GROWTH B |
2,277.01 |
$9.36 |
31,211.97 |
21,312.84 |
||||||||
MANAGERS SPECIAL EQ |
94.264 |
$70.60 |
6,766.58 |
6,655.04 |
||||||||
NB GENESIS TRUST |
0.522 |
$29.11 |
14.72 |
15.20 |
||||||||
NB MANHATTAN TRUST |
2,524.54 |
$10.28 |
36,625.45 |
25,952.25 |
||||||||
NB PARTNERS TRUST |
16.199 |
$16.02 |
274.74 |
259.51 |
||||||||
AIM VALUE A FUND |
34.006 |
$10.87 |
363.86 |
369.64 |
||||||||
PIMCO CAP APPR ADMI |
44.325 |
$16.34 |
720.27 |
724.27 |
||||||||
PIMCO HIGH YIELD AD |
71.849 |
$9.36 |
690.13 |
672.51 |
||||||||
PIMCO LT US GOVT AD |
3,881.52 |
$10.20 |
41,828.06 |
39,591.46 |
||||||||
STRONG GROWTH FUND |
3,726.14 |
$17.68 |
116,358.05 |
65,878.23 |
||||||||
STRONG ADV COM STK |
54.884 |
$19.78 |
1,045.98 |
1,085.61 |
||||||||
STRONG LG CAP GROWT |
64.678 |
$23.55 |
2,231.94 |
1,523.17 |
||||||||
STRONG GOVT SECURIT |
39.226 |
$10.79 |
428.92 |
423.24 |
||||||||
TEMPLETON GROWTH A |
2.776 |
$18.00 |
49.78 |
49.97 |
||||||||
TRP EQUITY INCOME |
734.074 |
$23.65 |
18,181.94 |
17,360.85 |
||||||||
AIM CONSTELLATION A |
4.568 |
$22.10 |
99.59 |
100.95 |
||||||||
CS STRATEGIC VAL CO |
1.933 |
$13.39 |
25.43 |
25.89 |
||||||||
RS EMERGING GROWTH |
11.389 |
$32.01 |
319.83 |
364.57 |
||||||||
TCW GAL SM CAP GR N |
185.514 |
$18.78 |
3,436.94 |
3,483.96 |
||||||||
TCW GAL AGGR GRTH N |
591.361 |
$12.25 |
7,112.80 |
7,244.17 |
||||||||
MSI VALUE EQUITY B |
1.517 |
$9.67 |
14.69 |
14.67 |
||||||||
MANAGERS BOND FUND |
0.967 |
$22.32 |
21.60 |
21.58 |
||||||||
MANAGERS CAP APPREC |
1.568 |
$29.29 |
44.78 |
45.93 |
||||||||
TCW GALILEO SEL EQ |
418.172 |
$16.42 |
6,936.99 |
6,866.39 |
||||||||
CALVERT SO AFRICA A |
17.14 |
$11.33 |
257.14 |
194.19 |
||||||||
CS SMALL CAP VAL CO |
21.807 |
$20.43 |
457.07 |
445.52 |
||||||||
FPL CONS INV STRGY * |
10,889.70 |
$18.46 |
196,396.61 |
201,023.92 |
||||||||
MODERATE GRWTH STRG * |
802.23 |
$23.37 |
18,169.65 |
18,748.11 |
||||||||
LONG-TERM STRGY * |
1,352.82 |
$24.15 |
33,786.00 |
32,670.69 |
||||||||
FPL GROUP STOCK * |
49,005.84 |
$15.16 |
673,404.94 |
742,928.55 |
||||||||
FPL GROUP STK LESOP * |
68,833.60 |
$15.29 |
1,055,244.87 |
1,052,465.68 |
||||||||
LEVERAGED ESOP EMPLOYER SECURITIES * |
42,847.32 |
$56.40 |
1,242,572.36 |
2,416,589.00 |
||||||||
PARTICIPANT LOAN BALANCES |
||||||||||||
(6.00% TO 11.75%; MATURING 2002-2006) |
821,156.55 |
821,156.55 |
||||||||||
TOTAL ASSETS HELD FOR INVESTMENT PURPOSES |
$12,923,887.43 |
$12,303,306.62 |
||||||||||
*PARTY-IN-INTEREST |
SIGNATURES |
||||
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefits Plan Administrative Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. |
||||
Date: June 27, 2002 |
FPL Energy Operating Services, Inc. |
|||
(Name of Plan) |
||||
By: |
ROBERT H. ESCOTO |
|||
Robert H. Escoto |
|
|
June 27, 2002 |