Spreadsheet: 611ddc74-ee70-4311-a3fe-de58be0d8180
Sheet: Sheet1

NextEra Energy, Inc. Condensed Consolidated Statements of Income (millions, except per share amounts) (unaudited) | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6
Three Months Ended March 31,  2012 |  |  | Florida Power & Light | NEER | Corporate & Other | NextEra Energy, Inc.
Operating Revenues |  |  | 2224 | 1090 | 57 | 3371
Operating Expenses
 | Fuel, purchased power and interchange |  | 935 | 230 | 17 | 1182
 | Other operations and maintenance |  | 436 | 320 | 19 | 775
 | Depreciation and amortization |  | 118 | 192 | 10 | 320
 | Taxes other than income taxes and other |  | 254 | -4 | 1 | 251
 |  | Total operating expenses | 1743 | 738 | 47 | 2528
Operating Income |  |  | 481 | 352 | 10 | 843
Other Income (Deductions)
 | Interest expense |  | -104 | -127 | -34 | -265
 | Equity in (losses) earning of equity method investees |  | 0 | -3 | 0 | -3
 | Allowance for equity funds used during construction |  | 10 | 0 | 3 | 13
 | Interest income |  | 1 | 6 | 13 | 20
 | Gains on disposal of assets - net |  | 0 | 11 | 0 | 11
 | Other – net |  | -1 | 3 | -3 | -1
 |  | Total other income (deductions) – net | -94 | -110 | -21 | -225
Income (Loss) Before Income Taxes |  |  | 387 | 242 | -11 | 618
Income Tax Expense (Benefit) |  |  | 148 | 21 | -12 | 157
Net Income |  |  | 239 | 221 | 1 | 461
Reconciliation of Net Income to Adjusted Earnings:
Net Income |  |  | 239 | 221 | 1 | 461
Adjustments, net of income taxes:
 | Net unrealized mark-to-market (gains) losses associated with    non-qualifying hedges |  | 0 | -37 | 0 | -37
 | Other than temporary impairment losses - net |  | 0 | -2 | 0 | -2
Adjusted Earnings |  |  | 239 | 182 | 1 | 422
Earnings Per Share (assuming dilution) |  |  | 0.58 | 0.53 | 0 | 1.11
Adjustments:
 | Net unrealized mark-to-market (gains) losses associated with non-qualifying hedges |  | 0 | -0.09 | 0 | -0.09
Adjusted Earnings Per Share |  |  | 0.58 | 0.44 | 0 | 1.02
Weighted-average shares outstanding (assuming dilution) |  |  |  |  |  | 415
NextEra Energy Resources' (NEER) financial statements include non-utility interest expense on a deemed capital structure of 70% debt and allocated shared service costs. For interest allocation purposes, the deferred credit associated with differential membership interests sold by NEER subsidiaries is included with debt.  Residual non-utility interest expense is included in Corporate & Other.
Corporate & Other represents other business activities, other segments that are not separately reportable, eliminating entries, and may include the net effect of rounding.
NextEra Energy, Inc. Condensed Consolidated Statements of Income (millions, except per share amounts) (unaudited)
Three Months Ended March 31,  2011 |  |  | Florida Power & Light | NEER | Corporate & Other | NextEra Energy, Inc.
Operating Revenues |  |  | 2246 | 833 | 55 | 3134
Operating Expenses
 | Fuel, purchased power and interchange |  | 1071 | 315 | 18 | 1404
 | Other operations and maintenance |  | 374 | 305 | 14 | 693
 | Depreciation and amortization |  | 142 | 182 | 7 | 331
 | Taxes other than income taxes and other |  | 253 | 22 | 3 | 278
 |  | Total operating expenses | 1840 | 824 | 42 | 2706
Operating Income |  |  | 406 | 9 | 13 | 428
Other Income (Deductions)
 | Interest expense |  | -91 | -136 | -27 | -254
 | Equity in (losses) earning of equity method investees |  | 0 | 10 | 0 | 10
 | Allowance for equity funds used during construction |  | 11 | 0 | 1 | 12
 | Interest income |  | 0 | 6 | 15 | 21
 | Gains on disposal of assets - net |  | 0 | 17 | 0 | 17
 | Other – net |  | 0 | 3 | -1 | 2
 |  | Total other income (deductions) – net | -80 | -100 | -12 | -192
Income (Loss) Before Income Taxes |  |  | 326 | -91 | 1 | 236
Income Tax Expense (Benefit) |  |  | 121 | -156 | 3 | -32
Net Income |  |  | 205 | 65 | -2 | 268
Reconciliation of Net Income (Loss) to Adjusted Earnings (Loss):
Net Income |  |  | 205 | 65 | -2 | 268
Adjustments, net of income taxes:
 | Net unrealized mark-to-market (gains) losses associated with    non-qualifying hedges |  | 0 | 125 | 0 | 125
 | Other than temporary impairment losses - net |  | 0 | -1 | 0 | -1
Adjusted Earnings |  |  | 205 | 189 | -2 | 392
Earnings Per Share (assuming dilution) |  |  | 0.49 | 0.16 | -0.01 | 0.64
Adjustments:
 | Net unrealized mark-to-market (gains) losses associated with    non-qualifying hedges |  | 0 | 0.3 | 0 | 0.3
Adjusted Earnings Per Share |  |  | 0.49 | 0.46 | -0.01 | 0.94
Weighted-average shares outstanding (assuming dilution) |  |  |  |  |  | 418
NEER financial statements include non-utility interest expense on a deemed capital structure of 70% debt and allocated shared service costs. For interest allocation purposes, the deferred credit associated with differential membership interests sold by NEER subsidiaries is included with debt.  Residual non-utility interest expense is included in Corporate & Other.
Corporate & Other represents other business activities, other segments that are not separately reportable, eliminating entries, and may include the net effect of rounding.