FPL Earnings Increase in Second Quarter

Florida Power & Light, the state’s largest electric utility, saw earnings increase during the second quarter of 2017 as it added customers and continued moving forward with construction projects, according to financial results released Wednesday.

FPL reported net income during the quarter of $526 million, or $1.12 a share, up from $448 million, or 96 cents a share, during the same period in 2016. FPL said its average number of customers during the quarter was about 64,000 higher than during the previous year. Also, it pointed to projects such as building solar-energy facilities and construction of a power plant in Okeechobee County.

FPL’s parent company, Juno Beach-based NextEra Energy, also reported an earnings increase for the quarter. Its net income was $793 million, or $1.68 per share, compared to $540 million, or $1.16 per share, during the period in 2016. On an adjusted basis, NextEra Energy had second-quarter earnings of $881 million, or $1.86 per share, compared to $777 million, or $1.67 per share, in 2016, the company said.

Reposted with permission from The News Service of Florida

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