FPL Earning Increase in 2016

Florida Power & Light, the state’s largest electric utility, had $1.7 billion in net income in 2016, up from $1.6 billion the previous year, FPL’s parent company reported.

FPL’s net income represented $3.71 per share, compared to $3.63 per share in 2015. The utility’s earnings were relatively flat during the final three months of 2016, when FPL had net income of $371 million, or 79 cents a share. That compared to $365 million, or 79 cents a share, during the fourth quarter of 2015, according to the report by parent company NextEra Energy, Inc.

Along with FPL, the report showed increased earnings in 2016 for NextEra Energy, which is headquartered in Juno Beach and also does business in other states. NextEra reported net income of $2.912 billion, or $6.25 per share, last year, compared to $2.752 billion, or $6.06 per share, in 2015.

On an adjusted basis, NextEra’s earnings were $2.884 billion, or $6.19 per share, compared to $2.599 billion, or $5.71 per share, during the previous year.

Reposted with permission from The News Service of Florida

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