Local

FPL & Parent Firm Profits Jump

View Comments
Miami, UNITED STATES: Part of the power grid of Florida Power and Light at a distribution center 08 November 2006, in Miami, Florida. Florida Power and Light Company's power line grid delivers electricity to approximately 8 million people in Florida. AFP PHOTO/Robert SULLIVAN (Photo credit: ROBERT SULLIVAN/AFP/Getty Images)

Miami, UNITED STATES: Part of the power grid of Florida Power and Light at a distribution center 08 November 2006, in Miami, Florida. Florida Power and Light Company’s power line grid delivers electricity to approximately 8 million people in Florida. AFP PHOTO/Robert SULLIVAN (Photo credit: ROBERT SULLIVAN/AFP/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Politics

MIAMI (CBSMiami/NSF) — Profits rose for Florida Power & Light and its parent company during the first three months of 2014.

This means FPL’s total net income reached $347 million, or 79 cents a share, according reports released Wednesday.

That compared to FPL’s net income of $288 million, or 68 cents a share, during the same period last year.

Earnings also went up at NextEra Energy, the parent company of FPL, which is the state’s largest electric utility.

NextEra reported net income during the quarter of $430 million, or 98 cents a share, compared to $272 million, or 64 cents a share, during the same period last year.

(The News Service of Florida contributed to this report.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,537 other followers