Florida Power & Light earnings up for fourth quarter and year

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Florida Power & Light saw higher net income during the most-recent three months and for all of 2011, as compared to the previous year, according to a report issued Friday, reports the News Service of Florida. 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. 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.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.