• FPL Group posts solid financial results
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• 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.
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