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FPL & Parent Firm Profits Jump

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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.)

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