Good day, everyone, and welcome to the NextEra Energy and NextEra Energy Partners conference call. Today's conference is being recorded. At this time, for opening remarks, I would like to turn the call over to Ms. Amanda Finnis. Please go ahead, ma'am.
Thank you, Claire. Good morning, everyone, and thank you for joining our second quarter 2016 combined earnings conference call for NextEra Energy and NextEra Energy Partners. With me this morning are Jim Robo, Chairman and Chief Executive Officer of NextEra Energy; John Ketchum, Executive Vice President and Chief Financial Officer of NextEra Energy; and Armando Pimentel, President and Chief Executive Officer of NextEra Energy Resources (inaudible) NextEra Energy Partners as well as Eric Silagy, President and Chief Executive Officer of Florida Power & Light Company.
John will provide an overview of our results and our executive team will then be available to answer your questions.
(Forward-Looking Cautionary Statements)
Today's presentation also includes references to non-GAAP financial measures. You should refer to the information contained in the slides on accompanying today's presentation for definitional information and reconciliations of certain non-GAAP measures to the closest GAAP financial measure.
With that, I will turn the call over to John.
Thank you, Amanda, and good morning, everyone. NextEra Energy and NextEra Energy Partners each delivered strong second-quarter financial results and solid operating performance. NextEra Energy's adjusted earnings per share increased 7% against the prior-year comparable quarter, driven by new investments in energy resources.
For the first six months, NextEra Energy achieved year-over-year growth of 11% in both adjusted earnings per share and cash flow from operations. NEP grew per-unit distributions by 40% from a year earlier, and added to what we already considered to be a solid run rate with the acquisition of two high-quality wind facilities just after the end of the quarter.
Both businesses remain on track to achieve the full-year financial expectations that we have previously discussed, subject to our usual caveats.
Florida Power & Light's contribution to second-quarter earnings per share was roughly flat, down $0.01 from 2015. Strong growth, driven by continued investment in the business, was offset by share dilution and a refund to customers related to the decision by the Florida Supreme Court to disallow investments in long-term natural gas supplies.
Aside from the impact of this decision, we are very pleased with FPL's financial results. We earned a regulatory ROE of approximately 11.5%. And average regulatory capital employed grew roughly 8.4% over the same quarter last year, reflecting our continued commitment to invest new capital to deliver low bills, high reliability, and clean energy solutions for the benefit of our customers.
Along these lines, during the quarter we announced a plan to acquire and phase out one of the state's highest greenhouse gas-emitting coal fired plants located in Martin County, which is expected to result in significant customer savings and substantial reductions in carbon emissions.
In addition, we received site certification for the Okeechobee Clean Energy Center that is expected to enter service in mid-2019.
Director of IR
EVP of Finance and CFO
President and CEO
President and CEO
Chairman and CEO
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