NextEra Energy — Oct 23, 2024 release

FPL's growth in the third quarter primarily was driven by continued investment in the business. FPL's capital expenditures were approximately $2 billion for the quarter, and full-year capital investments are expected to be between $8 billion and $8.8 billion. Regulatory capital employed increased by approximately 9.5% year-over-year. FPL continued executing against its capital plan and delivering on its strong customer value proposition, which is anchored in providing customer bills that are nearly 40% below the national average and maintaining top-decile reliability. FPL's smart capital investments in low-cost solar generation and battery 1 storage are continuing to reduce its overall fuel cost and, when combined with generation modernizations, have saved customers nearly $16 billion since 2001. FPL is delivering best-in-class non-fuel O&M that is 70% better than the national average, saving customers $3 billion every year compared to the average utility. For nearly two decades, FPL has significantly invested in building a stronger, smarter and more storm-resilient grid. The performance of the system during Hurricanes Helene and Milton demonstrates that FPL's hardening, undergrounding, automation and smart grid investments are providing significant benefits to customers. Hurricane Helene, one of the most destructive hurricanes to ever make landfall in the continental U.S., caused approximately 680,000 FPL customers to lose power. Hur