Florida Power & Light's net income increased slightly during the first quarter of 2016 as it gained customers --- but saw electricity sales hurt by mild weather, according to an earnings report released Thursday.
FPL, the state's largest utility, had net income of $393 million, or 85 cents a share, during the quarter, compared to $359 million, or 80 cents a share, during the same period of 2015. It saw an average increase of 64,000 customers but said that was offset by a 1.4 percent decline in sales because of the weather.
Meanwhile, FPL's parent company, NextEra Energy, Inc., reported net income during the quarter of $636 million, or $1.37 a share, down slightly from $650 million, or $1.45 a share, during the same period in 2015, the report said.
On an adjusted basis, NextEra's earnings were $715 million, or $1.55 a share, up from $631 million, or $1.41 a share, during the first three months of 2015.
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News Service of Florida