- FPL Group reports record earnings for full year 2008, primarily on the strength of an excellent year for NextEra Energy Resources
- Florida Power & Light Company earnings down for quarter and full year; exercises prudent cost management in difficult Florida economy
- FPL Group reaffirms 2009 and 2010 adjusted earnings expectations
JUNO BEACH, Fla. – FPL Group, Inc. (NYSE: FPL) today reported 2008 fourth quarter net income on a GAAP basis of $408 million, or $1.01 per share, compared with $224 million, or $0.56 per share, in the fourth quarter of 2007. On an adjusted basis, FPL Group’s earnings were $361 million, or $0.90 per share, for the fourth quarter of 2008 compared with $284 million, or $0.72 per share, in the fourth quarter of 2007. Adjusted earnings exclude the mark-to-market effects of non-qualifying hedges and other than temporary impairments (OTTI) on certain investments, both of which relate to NextEra Energy Resources.
Click here for full release |
