Jul 26, 2012 - US power producer NextEra Energy Inc (NYSE:NEE) today said its net profit increased to USD 607 million (EUR 493.3m) for the second quarter of 2012 from USD 580 million a year ago.
On an adjusted basis, net profit rose to USD 527 million from USD 500 million.
GAAP earnings per share (EPS) went up to USD 1.45 from USD 1.38, while adjusted EPS increased to USD 1.26 from USD 1.18.
The company's utility unit Florida Power & Light Co saw its net profit rise to USD 353 million from USD 301 million a year ago, mainly thanks to investment in business, including in more efficient power generation. The company poured some USD 1.1 billion of the planned USD 4.1 billion for investments in 2012.
NextEra Energy's clean and green energy unit Nextera Energy Resources posted a net profit of USD 251 million, increasing from USD 239 million a year ago. Adjusted net profit grew to USD 173 million from USD 159 million mainly on the back of contributions from new investments. The company is well on the way to add some 1,300 MW of wind farms in the US in 2012, some 600 MW of contracted wind farms in Canada between 2012 and 2015, and some 900 MW of contracted solar plants between 2012 and 2016.
NextEra Energy guided for full-year adjusted EPS of USD 4.35 to USD 4.65 and confirmed its forecast for adjusted EPS of USD 5.05 to USD 5.65 in 2014.
(USD 1 = EUR 0.813)
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