The Juno Beach-based parent of Florida Power & Light Co. announced Friday it produced record net income of $129 million for the quarter ended March 31, excluding a nonrecurring $19 million charge associated with the abandoned merger with Entergy Corp.
Juno Beach is 77 miles north of Downtown Miami.
Through the subsidiary FPL Energy, the parent company also reported it expects to add more than 9,500 megawatts of power plant production to its portfolio by the end of 2003.
Construction has started on several projects, including what FPL calls the world's largest wind-energy project--a 300-megawatt wind farm on the Washington-Oregon border. The company also is building a 278-megawatt wind-energy facility on King Mountain in Upton County, TX.
The parent company reported net income of $129 million, or 76 cents a share, on total kilowatt sales of $21 billion for the first quarter this year, compared with net of $121 million, or 71 cents a share, for the same period in 1999.
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