NextEra Energy, Inc. (NYSE:NEE) today reported 2015 fourth-quarter profits on an adjusted basis of $539 million, or $1.17 per share, compared to $458 million, or $1.03 per share, in the fourth quarter of 2014.
NextEra’s full-year 2015 earnings were $2.6 billion, or $5.71 per share, compared to $2.3 billion, or $5.30 per share, in 2014.
Juno Beach-based NextEra Energy’s principal rate-regulated utility subsidiary, Florida Power & Light Co. reported fourth-quarter 2015 profits of $365 million, or 79 cents per share, compared to $286 million, or 65 cents per share, for the prior-year quarter.
For the full year 2015, FPL’s earnings were $1.65 billion, or $3.63 per share, compared to $1.52 billion, or $3.45 per share, in 2014.
The company’s management team will discuss the results in a listen-only webcast at 9 a.m. To access it, go to NextEraEnergy.com/investors
“NextEra Energy delivered strong fourth-quarter results and exceeded its full-year financial expectations, finishing what was an excellent overall year of growth and execution,” said NextEraEnergy Chairman and Chief Executive Officer Jim Robo.
“At FPL, we continued to invest in the business and had our best-ever year in terms of reliability. FPL’s typical residential customer bill remains among the lowest in the nation and lower than it was a decade ago. Earlier this month, FPL notified the Florida Public Service Commission that it expects to file a formal request in March for a four-year plan for new base rates. The rate plan is being designed to keep costs down for customers over the long term, while supporting continued investments that advance affordable,clean energy and enhance service reliability for customers, Robo said.