News Column

NextEra, FPL, earnings up for first quarter

April 30, 2014

By Susan Salisbury, The Palm Beach Post, Fla.



April 30--JUNO BEACH -- NextEra Energy and its subsidiary Florida Power & Light Co. today reported strong first quarter earnings.

NextEra's profits were $557 million, or $1.26 per share, compared with $475 million, or $1.12 per share, in the first quarter of 2013.

FPL reported first-quarter profits of $347 million, or 79 cents per share, compared with $288 million, or 68 cents per share, for the same quarter a year ago.

"NextEra Energy delivered very strong operational performance and financial results during the first quarter," said Jim Robo, chairman and chief executive officer of NextEra Energy.

"FPL's customer metrics reflect a strengthening of Florida's economy and business climate, and we are executing on our major capital projects that will enhance a customer value proposition that already includes excellent reliability, award-winning customer service and the lowest typical residential bill in the state," Robo said.

"At NextEra Energy Resources, our contracted renewables portfolio continues to perform very well and drive earnings growth, and since our last earnings call we signed a power purchase agreement for a new wind project of about 250 MW," Robo said.

A conference call on the results begins at 9 a.m.

The webcast is available on NextEra Energy's website by accessing the following link: NextEraEnergy.com/investors.

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Source: Palm Beach Post (FL)