Exhibit 99


 nextera energy inc. logo  
 
NextEra Energy, Inc.
Media Line: (305) 552-3888
January 25, 2011
 
FOR IMMEDIATE RELEASE

 
NextEra Energy reports 2010 fourth-quarter and full-year earnings
 
·  
For full-year 2010, NextEra Energy delivered strong earnings-per-share growth
·  
Florida Power & Light Company had a solid year – West County Units 1 & 2, weather, and base rates contributed to earnings growth while typical electricity bills remained the lowest in the state
·  
NextEra Energy Resources grew its industry-leading renewable energy business by more than 750 megawatts

JUNO BEACH, Fla. – NextEra Energy, Inc. (NYSE: NEE) today reported 2010 fourth-quarter net income on a GAAP basis of $263 million, or $0.63 per share, compared with $349 million, or $0.85 per share, in the fourth quarter of 2009. On an adjusted basis, NextEra Energy’s earnings were $332 million, or $0.80 per share, for the fourth quarter of 2010 compared with $323 million, or $0.79 per share, in the fourth quarter of 2009. Adjusted earnings exclude the mark-to-market effects of non-qualifying hedges and net other than temporary impairments (OTTI) on certain investments, both of which relate to the business of NextEra Energy Resources, LLC and its affiliated entities (“Energy Resources”).

For the full-year 2010, NextEra Energy reported net income on a GAAP basis of $1.96 billion, or $4.74 per share, compared with $1.62 billion, or $3.97 per share, in 2009. On an adjusted basis, NextEra Energy’s 2010 earnings were $1.78 billion, or $4.30 per share, for the full year, compared with $1.65 billion, or $4.05 per share, in 2009.

NextEra Energy’s management uses adjusted earnings, which is a non-GAAP financial measure, internally for financial planning, for analysis of performance, for reporting of results to the Board of Directors and as input in determining whether performance goals are met for performance-based compensation under the company’s employee incentive compensation plans. NextEra Energy also uses earnings expressed in this fashion when communicating its earnings outlook to analysts and investors. NextEra Energy management believes that adjusted earnings provide a more meaningful representation of NextEra Energy’s fundamental earnings power. The attachments to this news release include a reconciliation of historical adjusted earnings to net income, which is the most directly comparable GAAP measure.

“Adjusted earnings per share increased 6 percent last year amidst one of the most challenging business environments we’ve ever encountered. At Florida Power & Light, the key earnings drivers were our investments to increase the efficiency and reliability of our electric system, which directly benefit our customers. These investments have helped keep FPL’s typical monthly residential bill the lowest of all 55 utilities in the state of Florida. At Energy Resources, while depressed power prices held earnings essentially flat, we continued to grow our wind energy fleet and remained the No.1 wind owner in the United States and became the No. 4 wind owner in Canada. In addition, we have signed contracts on more than $2 billion worth of solar projects where site work has already commenced. Going forward, our two main businesses provide us with an enviable portfolio of opportunities that we expect will deliver attractive returns at reasonable risk levels,” said NextEra Energy Chairman and CEO Lew Hay.

 
 

The following information was filed by Nextera Energy Inc (NEE) on Tuesday, January 25, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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