Spreadsheet: 5a9cfd6f-8b30-4912-8a8d-d20339e86dd8
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 December 31,  2011 |  |  | Florida Power & Light | Energy Resources | Corporate & Other | NextEra Energy, Inc.
Operating Revenues |  |  | 2414 | 1392 | 58 | 3864
Operating Expenses
 | Fuel, purchased power and interchange |  | 1123 | 243 | 17 | 1383
 | Other operations and maintenance |  | 462 | 309 | 19 | 790
 | Impairment charges |  | 0 | 0 | 0 | 0
 | Depreciation and amortization |  | 145 | 178 | 8 | 331
 | Taxes other than income taxes and other |  | 242 | -16 | 2 | 228
 |  | Total operating expenses | 1972 | 714 | 46 | 2732
Operating Income |  |  | 442 | 678 | 12 | 1132
Other Income (Deductions)
 | Interest expense |  | -100 | -126 | -34 | -260
 | Loss on sale of natural gas-fired generating assets |  | 0 | -3 | 0 | -3
 | Equity in earnings of equity method investees |  | 0 | -2 | 0 | -2
 | Allowance for equity funds used during construction |  | 8 | 0 | 2 | 10
 | Interest income |  | 1 | 6 | 13 | 20
 | Gains on disposal of assets - net |  | 0 | 6 | 0 | 6
 | Other than temporary impairment losses on securities held in    nuclear decommissioning funds |  | 0 | -3 | 0 | -3
 | Other – net |  | 0 | 21 | 2 | 23
 |  | Total other income (deductions) – net | -91 | -101 | -17 | -209
Income (Loss) Before Income Taxes |  |  | 351 | 577 | -5 | 923
Income Tax Expense (Benefit) |  |  | 135 | 175 | -54 | 256
Net Income |  |  | 216 | 402 | 49 | 667
Reconciliation of Net Income to Adjusted Earnings:
Net Income |  |  | 216 | 402 | 49 | 667
Adjustments, net of income taxes:
 | Net unrealized mark-to-market (gains) losses associated with    non-qualifying hedges |  | 0 | -276 | 2 | -274
 | Loss on sale of natural gas-fired generating assets |  | 0 | 1 | 0 | 1
 | Other than temporary impairment losses - net |  | 0 | 1 | 0 | 1
Adjusted Earnings |  |  | 216 | 128 | 51 | 395
Earnings Per Share (assuming dilution) |  |  | 0.51 | 0.96 | 0.12 | 1.59
Adjustments:
 | Net unrealized mark-to-market (gains) losses associated with non-qualifying hedges |  | 0 | -0.66 | 0 | -0.66
 | Loss on sale of natural gas-fired generating assets |  | 0 | 0 | 0 | 0
 | Other than temporary impairment losses - net |  | 0 | 0 | 0 | 0
Adjusted Earnings Per Share |  |  | 0.51 | 0.3 | 0.12 | 0.93
Weighted-average shares outstanding (assuming dilution) |  |  |  |  |  | 419
NextEra Energy Resources' (Energy Resources) 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 Energy Resources 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 December 31,  2010 |  |  | Florida Power & Light | Energy Resources | Corporate & Other | NextEra Energy, Inc.
Operating Revenues |  |  | 2461 | 897 | 55 | 3413
Operating Expenses
 | Fuel, purchased power and interchange |  | 1166 | 267 | 14 | 1447
 | Other operations and maintenance |  | 423 | 310 | 21 | 754
 | Impairment charges |  | 0 | 19 | 0 | 19
 | Depreciation and amortization |  | 254 | 199 | 5 | 458
 | Taxes other than income taxes and other |  | 247 | 17 | 2 | 266
 |  | Total operating expenses | 2090 | 812 | 42 | 2944
Operating Income |  |  | 371 | 85 | 13 | 469
Other Income (Deductions)
 | Interest expense |  | -91 | -128 | -27 | -246
 | Loss on sale of natural gas-fired generating assets |  | 0 | 0 | 0 | 0
 | Equity in earnings of equity method investees |  | 0 | 2 | 0 | 2
 | Allowance for equity funds used during construction |  | 11 | 0 | 0 | 11
 | Interest income |  | 0 | 5 | 17 | 22
 | Gains on disposal of assets - net |  | 0 | 6 | 0 | 6
 | Other than temporary impairment losses on securities held in    nuclear decommissioning funds |  | 0 | 0 | 0 | 0
 | Other – net |  | 2 | 0 | -2 | 0
 |  | Total other income (deductions) – net | -78 | -115 | -12 | -205
Income (Loss) Before Income Taxes |  |  | 293 | -30 | 1 | 264
Income Tax Expense (Benefit) |  |  | 112 | -103 | -8 | 1
Net Income |  |  | 181 | 73 | 9 | 263
Reconciliation of Net Income (Loss) to Adjusted Earnings (Loss):
Net Income |  |  | 181 | 73 | 9 | 263
Adjustments, net of income taxes:
 | Net unrealized mark-to-market (gains) losses associated with    non-qualifying hedges |  | 0 | 70 | -1 | 69
 | Loss on sale of natural gas-fired generating assets |  | 0 | 0 | 0 | 0
 | Other than temporary impairment losses - net |  | 0 | 0 | 0 | 0
Adjusted Earnings |  |  | 181 | 143 | 8 | 332
Earnings Per Share (assuming dilution) |  |  | 0.43 | 0.17 | 0.03 | 0.63
Adjustments:
 | Net unrealized mark-to-market (gains) losses associated with    non-qualifying hedges |  | 0 | 0.17 | 0 | 0.17
 | Loss on sale of natural gas-fired generating assets |  | 0 | 0 | 0 | 0
 | Other than temporary impairment losses - net |  | 0 | 0 | 0 | 0
Adjusted Earnings Per Share |  |  | 0.43 | 0.34 | 0.03 | 0.8
Weighted-average shares outstanding (assuming dilution) |  |  |  |  |  | 417
Energy Resources' 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 Energy Resources 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.