FPL Recovery Funding FWP Free writing prospectus

Free Writing Prospectus

Filed Pursuant to Rule 433

 Dated May 16, 2007

Relating to Preliminary Prospectus Supplement and Prospectus each Dated May 3, 2007

Registration No. 333-141357 and 333-141357-01

FPL RECOVERY FUNDING LLC

PRICING TERM SHEET

$652,000,000

Senior Secured Bonds, Series A

Syndicate: Sole Lead Manager - Wachovia Capital Markets, LLC

Ratings:  (Moody’s/ S&P/ Fitch):        Aaa/AAA/AAA.

Closing Date / Settlement Date:  May 22, 2007

Interest Payment Dates:  February 1 and August 1, commencing on February 1, 2008

Timing: Priced, May 15, 2007.

Tranche	Principal Amount Offered ($MM)		Weighted Average Life (years)		Scheduled Final Maturity Date	No. of Sinking Fund Payments		Coupon
A-1		$124		1.97	2/1/2011		7		5.0530%
A-2		$140		4.98	8/1/2013		6		5.0440%
A-3		$100		7.31	8/1/2015		5		5.1273%
A-4		$288		10.38	8/1/2019		9		5.2555%

FPL  Recovery Funding LLC (the "Issuer") and Florida Power & Light Company ("FPL") have filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the Issuer and FPL have filed with the SEC for more complete information about the Issuer and the offering.  You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the Issuer, Wachovia Capital Markets, LLC (the "Purchaser") or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling the Purchaser toll-free at 1-866-289-1262.

EXPECTED AMORTIZATION SCHEDULE

Payment Date	Tranche A-1 Balance		Tranche A-2 Balance		Tranche A-3 Balance		Tranche A-4 Balance
Tranche Size Closing Date	$	124,000,000	$	140,000,000	$	100,000,000	$	288,000,000
2/1/2008		99,784,541		140,000,000		100,000,000		288,000,000
8/1/2008		83,218,201		140,000,000		100,000,000		288,000,000
2/1/2009		62,786,016		140,000,000		100,000,000		288,000,000
8/1/2009		44,742,612		140,000,000		100,000,000		288,000,000
2/1/2010		22,611,047		140,000,000		100,000,000		288,000,000
8/1/2010		2,958,313		140,000,000		100,000,000		288,000,000
2/1/2011		–		119,215,680		100,000,000		288,000,000
8/1/2011		–		97,959,122		100,000,000		288,000,000
2/1/2012		–		72,503,506		100,000,000		288,000,000
8/1/2012		–		49,541,455		100,000,000		288,000,000
2/1/2013		–		22,401,525		100,000,000		288,000,000
8/1/2013		–		–		98,011,670		288,000,000
2/1/2014		–		–		69,191,758		288,000,000
8/1/2014		–		–		43,132,977		288,000,000
2/1/2015		–		–		12,493,764		288,000,000
8/1/2015		–		–		–		272,672,561
2/1/2016		–		–		–		240,117,082
8/1/2016		–		–		–		210,294,416
2/1/2017		–		–		–		175,783,895
8/1/2017		–		–		–		144,230,553
2/1/2018		–		–		–		107,698,753
8/1/2018		–		–		–		74,178,014
2/1/2019		–		–		–		35,554,081

2

EXPECTED SINKING FUND SCHEDULE

Payment Date	Tranche A-1		Tranche A-2		Tranche A-3		Tranche A-4
Initial Tranche Principal Balance	$	124,000,000	$	140,000,000	$	100,000,000	$	288,000,000
2/1/2008		24,215,459		–		–		–
8/1/2008		16,566,340		–		–		–
2/1/2009		20,432,185		–		–		–
8/1/2009		18,043,404		–		–		–
2/1/2010		22,131,565		–		–		–
8/1/2010		19,652,734		–		–		–
2/1/2011		2,958,313		20,784,320		–		–
8/1/2011		–		21,256,558		–		–
2/1/2012		–		25,455,616		–		–
8/1/2012		–		22,962,051		–		–
2/1/2013		–		27,139,930		–		–
8/1/2013		–		22,401,525		1,988,330		–
2/1/2014		–		–		28,819,912		–
8/1/2014		–		–		26,058,781		–
2/1/2015		–		–		30,639,213		–
8/1/2015		–		–		12,493,764		15,327,439
2/1/2016		–		–		–		32,555,479
8/1/2016		–		–		–		29,822,666
2/1/2017		–		–		–		34,510,521
8/1/2017		–		–		–		31,553,342
2/1/2018		–		–		–		36,531,800
8/1/2018		–		–		–		33,520,739
2/1/2019		–		–		–		38,623,933
8/1/2019		–		–		–		35,554,081

3