Peter Schorsch
Florida Power & Light’s was a driving force in delivering double-digit income growth to its parent company in the second quarter according to reports released Thursday.
NextEra Energy reported a net income of $793 million for the quarter, compared to $540 million for second quarter 2016. On an adjusted basis, the Juno Beach-based company’s second-quarter 2017 earnings were $881 million, or $1.86 a share, compared to $777 million, or $1.67 a share, during the second quarter of 2016.
“NextEra Energy achieved strong second-quarter results, while continuing to deliver on our overall objectives for 2017,” NextEra Chairman and CEO Jim Robo said. “NextEra Energy’s second-quarter adjusted earnings per share increased more than 11 percent, primarily driven by new investments at both FPL and NextEra Energy Resources.”
Robo cited ongoing FPL infrastructure projects, such as the construction of eight solar facilities and the natural gas powered Okeechobee Clean Energy Center, as well as plans to update FPL’s Dania Beach facility with a highly fuel-efficient energy center.
In addition to those projects, FPL added about 64,000 new customers during the quarter and
“By continuing to execute on major capital initiatives to deliver on our outstanding customer value proposition, FPL grew regulatory capital employed by more than 10 percent versus the comparable period,” Robo said.
The energy CEO had a bright outlook on the future, too, adding that he would be disappointed if the company doesn’t “deliver financial results at or near the top of our 6 to 8 percent adjusted earnings per share growth range through 2020.”
