Report: FPL Earnings Up For 4Q, Year

TALLAHASSEE (CBS4)- Florida Power & Light’s 4th quarter net income and for all of 2011, as compared to the previous year, according to a report issued Friday.

The state’s largest electric utility had net income of $216 million, or 51 cents a share, during the fourth quarter of 2011, compared to $181 million, or 43 cents a share, in 2010, the News Service of Florida reported.

FPL had net income of $1.07 billion, or $2.55 a share, for all of 2011, compared to $945 million, or $2.29 a share, in 2010.

The FPL results were part of a broader report issued by its parent company, NextEra Energy, Inc. For the full year, NextEra reported net income of $1.92 billion, or $4.59 a share, down slightly from $1.96 billion, or $4.74 a share, in 2010.

But on an adjusted accounting basis, NextEra’s full-year earnings went up slightly, from $1.78 billion in 2010 to $1.84 billion in 2011.

(©2012 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 This material may not be published, broadcast, rewritten, or redistributed.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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