Renewable Energy Stocks; FPL Group (NYSE: FPL) announces first quarter earnings for 2010

FPL Group (NYSE: FPL) announces first quarter earnings for 2010

• FPL Group posts solid financial results
• Florida Power & Light Company earnings driven by record weather-related demand
• NextEra Energy Resources records solid operational results amid weak wind resource

JUNO BEACH, Fla. – FPL Group, Inc. (NYSE: FPL) today reported 2010 first quarter net income on a GAAP basis of $556 million, or $1.36 per share, compared with $364 million, or $0.90 per share, in the first quarter of 2009. On an adjusted basis, FPL Group’s earnings were $386 million, or $0.94 per share, compared with $364 million, or $0.90 per share, in the first quarter of 2009. Adjusted earnings exclude the mark-to-market effects of non-qualifying hedges and the net effect of other than temporary impairments (OTTI) on certain investments, both of which relate to NextEra Energy Resources.


Click here for full release
http://www.fplgroup.com/news/contents/pdf/1Q%202010%20Earnings%20Announcement%20.pdf



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