Nextera Energy, Inc. (NYSE:NEE)

“Our earnings for the quarter were solid overall, with lower year-over-year earnings at Florida Power & Light Company more than offset by the performance of NextEra Energy Resources. While the Florida economy is quite challenging, we are delivering exceptional value to FPL customers in the form of reliable, clean energy at low rates and are continuing to invest to support the needs of our customers in the years ahead. At NextEra Energy Resources, we’re investing to support the long-term growth of our renewables business, which continues to perform well and which we believe continues to have good growth prospects,” said FPL Group Chairman and CEO Lew Hay.

FPL Group reaffirmed its adjusted earnings expectations.

Source: Business Wire (July 28, 2009)

“FPL Group had a very good first quarter, with adjusted earnings per share rising 18 percent year over year, largely as a result of strong results from our NextEra Energy Resources subsidiary. At Florida Power & Light, we announced proposed investments that will significantly improve the electrical system for our customers – specifically, a large-scale deployment of ‘smart grid’ technology in Miami, and a new natural gas pipeline to provide increased energy security. As pleased as we are with FPL Group’s current results, we are even more optimistic about the future. The reason is simple: We believe that the policy climate in the nation is trending in a direction highly favorable to power companies with low emissions profiles and significant clean-energy fleets,” said FPL Group Chairman and CEO Lew Hay.

FPL Group believes it is well positioned for earnings growth and now believes the company will deliver adjusted earnings per share for 2009 and 2010 in a higher range than previously announced.

^a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

^b Non-GAAP EPS figures generally exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam® non-GAAP figures may, from time to time, differ from company supplied figures.

Guidance Report:

FPL Group is well positioned for earnings growth in future years and remains comfortable with its previously announced earning expectations for 2009 and 2010.

 EPS Figures exclude one time gains and charges (Non-GAAP).

Source: Business Wire (January 27, 2009)