Green energy company NextEra Energy reports Q2 income rise

23 July 2010

Wholesale clean energy company NextEra Energy has reported second quarter net income of $417m, compared with $370m in the same period of 2009.

Going forward, it said it expects to deliver adjusted earnings per share for 2010 in the range of $4.25 to $4.65, with 2011 guidance in the same range.

On an adjusted basis, NextEra’s were $457m, or $1.11m per share, compared with $401m last year.

NextEra Energy’s rate-regulated utility subsidiary, Florida Power & Light Company, reported second quarter net income of $265 million, or $0.64 per share, up from $213 million, or $0.52 for each share, in the prior-year quarter.

Lew Hay, chairman and CEO of NextEra Energy, said, ‘We’re pleased to have delivered another strong quarter. While the second quarter was certainly helped by favorable weather, we continue to see positive earnings impacts from our continued investments in clean and efficient power generation at both of our operating companies.’

Hay added, ‘In fact, on a weather-normalised basis, we have achieved a seven percent year-to-date increase in adjusted earnings per share over last year’s comparable period. We continue to have a strong pipeline of investment opportunities that we believe should benefit both customers and shareholders alike over the long-term.’

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This story was published on Friday, July 23rd, 2010 at 5:29 pm and is filed under North America, companies, solar. You can follow any responses to article entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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