SEC: FPL Income Up In 3rd Quarter

TALLAHASSEE (CBS4)- Florida Power & Light’s earnings jumped more than 12 percent during the third quarter of 2011, though its parent company saw an earnings drop.

FPL had net income of $347 million, or 83 cents a share, compared to $308 million, or 74 cents a share, during the same quarter in 2010, according to a Securities and Exchange Commission filing Friday.

FPL touted an increase in customers and investments at a Martin County solar plant and upgrades at two nuclear plants. The parent company, NextEra Energy Inc., had net income of $407 million, or 97 cents a share, during the quarter. That compared to $720 million, or $1.74 a share, during the third quarter of 2010.

(©2011 CBS Local Media, a division of CBS Radio Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. The News Service Of Florida contributed material for this report)

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