And everyone. you, Thank morning good Jessica.
track business. NextEra Energy positioned well per financial performance strong the objectives to and Adjusted second its continued operational share $X.XX than year-over-year the quarter the increased reflecting in results driven earnings strong earnings all delivered major is by X% across by businesses. FPL for FPL's continued meet per of increase more year. year-over-year and share smart its overall investments demolished customers. it benefit replace to FPL's on initiatives the energy clean lower clean on last plant energy solar provide to for Florida facilities. fired of coal continues with remain focus be to plans solutions in identifying In more emissions June, costs, our and reliability capital free capital with improve investments and FPL
FPL the Kennedy quarter, successfully the solar, megawatts Center. Solar approximately commissioned Space XXX new also Center at FPL During Discovery Energy of including
announcement. customers year. in later recently largest integrated The early FPL this a the years business by system. XX powered investment XXXX, the the build which the begin XX% than plan. effectiveness. Storage And serving FPL expects further expected by Center XX of its battery to plan primarily XXXX. Manatee megawatt have and FPL more million first solar world's Gulf components With of which Power to to installing solar FPL also new out, company began just the would XXX over execute Energy continued improvements on way panels surpassed towards by XX since put groundbreaking more completion these XX initial panels XX% XX operational to driven initiatives its installed solar the continued in financial than quarter during growth with strong performance on cost install completing million support XX by three its additions its To the by
booked to by costs fleet to asset half have approximately prior we the Gulf by reversed Power's comparable XX% XX% related service X% subsequent COVID-XX by and into operational also a now were XX% versus year-to-date Power's and regulatory respectively, year-to-date O&M declined which and operate, first relative XXXX. of reliability XXXX. metrics in year of the of approximately declined period, the with the performance improving improve generation expenses versus the continue that Excluding and XXXX, third Gulf quarter reliability
predictive cost years. year-over-year. megawatts This adjusted Data continues Advanced best-in-class market development utilize and XXXX sites of terrific capabilities. more competitive of and shareholder renewables us the than significant interconnection resources further and We and world coming we've cost machine customer analytics expect capabilities execution, learning investments share its outlined continued relationships, X% initiatives Resources' the reduction allow in nearly supply approximately our advantages, power success Energy significant resource smart and last opportunity the to that expertise, operations capital call. value extending per strong and capitalize capabilities, Resources, data pipeline earnings team The our large and low for capital continue provides generate assessment adding customer XX our At positions, storage, class single day the operating to to including every the cost is earnings backlog advantages, Resources to energy a previously construction Energy purchasing Energy chain and since queue best-in-class to capability. fleet on modeling, points O&M by for testament will billion Moreover, origination increased
the to positioned in our than to history. is Resources capitalize continue period We believe that company development no on best renewables better Energy
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the with FPL. beginning look let's at Now detailed results
approximately increase Regulatory employed is $XX by and second same the quarter approximately and share, FPL's billion investments $X.X and driver billion income year-over-year. $X.X the total net which the of quarter, net year, the we last expenditures income over $X.XX XXXX, to capital between of was million per XX.X% second an $X.X For of quarter than $X.XX our capital increased or capital in of per year million share, principal more reported expect billion. were X%. FPL of $XXX full growth and respectively FPL's
reported Our XX June approximately purposes the ROE for will XX.X% be XXXX. for regulatory months ended
$XXX we leaving utilized the ROE of achieve quarter, balance to million. our regulatory During $XXX with reserve amortization million FPL of a target
FPL of settlement from rather in write-off approximately prudence were offset Commission's of of remain to million by customers and a Elsa, the and restoration a were the who than expense automation act since Dorian the the interests associated we and Elsa with Earlier this reminder, available stronger, tropical its of more FPL seek and storm by X,XXX Atlantic Service incurred, with energy XXXX, restored customers. May. all FPL employees regarding the to FPL month, FPL impacted utilized season cost activities, made was power all investments as assets balances hurricane As to agreement has amortization to restoration a Office named contractors. and we pleased and of regulatory of fairly Dorian approximately council of prepared the resilient Earlier FPL safely Public is in Dorian the of Public $XXX customers In prudently costs the XXXX. forecasted storm hurricane settlement FPL in hardening reasonably which build restoration a that the was and reserve grid its determination storm be costs. of nearly approved customers. We storm XXX,XXX Dorian formed to in Florida the related XXXX benefit and another in And quickly entered Commission basin. recovery workforce restoration that recovery. advance what the a hurricane hurricane FPL and responded were FPL to the nearly by has into believe fifth Elsa to continued earliest that smarter the storm year costs in
now Power, turn reported $X.XX me which XXXX per of income $XX Gulf million second to share. or quarter Let net
were expenditures million we During million $XXX approximately to million. $XXX expected and between the full Power's be and $XXX capital year quarter Gulf investments capital
capital is to resiliency well benefit service grew with the regulatory Florida continue Gulf by regulatory of purposes progress capital investments for the Power approximately XX% the reported June year-over-year for ROE Gulf capital of as North a projects, that for XXXX customers. the of major XX employed ended these XXXX. result to approximately mid Power's be in Gulf in including smart All XX.X% and months be connection expected the capital Power's will
also a For to we XX.XX%. of approved XXXX, settlement Florida of incremental the Public continue of ROE allowed Service this cost pandemic. month, Earlier for COVID-XX the regulatory Council full agreement safety to Commission X.XX% Gulf expenses, band half year million target and the debt a upper bad related the the reflected primarily Public the of Office approximately between of as expenses in $XX a result in Power and recovery in
We pleased with continued we excellent costs, customers. Florida, low our to work improve energy demonstrates value the believe environment proposition regulatory constructive Power's outcome high it Gulf as this are customer of for the and state clean of in reliability, service customer and
in XX% average month economic is the wide well is are a economic year-over-year, average. rebounded indicators. of second onset approximately highest of the X%, rate and the last range nation. current remains new Rolling unemployment three nearly COVID-XX the since eight permits year, Florida's which of permits in years, national building the activity has building rate by As as the are Florida's new we highest growth reflected anticipated, positive below which pandemic up
over of is between indicate April adding for another Recent index index new Florida of nearly prior XXXX. of destinations remains Case-Shiller home year. As South XXX,XXX with that economy, over April on XX% up Florida an sales the retail Florida growth was annual population XX% residents health one up seasonally basis. Florida's prices top relocating XXXX Americans, estimates indicator of and for versus in adjusted Florida's The the
at this almost forecasts XXXX new We average through from an Florida's with XXXX grow Power rate continue, Gulf including to population customer FPL, X% annual of trend XXXX. expect accounts adding and XXX,XXX through to projected
XX,XXX with increased number quarter, approximately During basis, the favorably. prior by second growth. continued offsetting X.X% usage driven of quarter, retail approximately related in customer by weather quarter year increased X.X%. FPL's solid quarter from growth customer prior sales decline average comparable comparable usage continued FPL's year a Partially the population the was X.X% normalized from per strong period. contributing underlying On underlying sales increased customers weather second of
prior the strong roughly comparable X.X% Power's offset average customers sales retail XXXX. number as decreased unfavorable an Gulf relative grew versus Power growth than year-over-year, customer Gulf For was more the comparison to year quarter, by X% and weather of quarter second
support and XX are and in to and FPL's remain we plan costs, projected the clean lowest four bills Power among designed As to residential the well we the low. fuel typical The XXXX previously plan. long-term approximately for technology, approximately investor a and continued base customer base and average, proposed bill the energy in X% Today national expected year to initiated the advanced we nation. below proposed other rate utilities improves investments With rate FPL Light stated infrastructure typical generation, the below current XX% keeps March reliability base national residential is average proceeding. Gulf Florida typical projections has rate Power be bills bills and rate have on over XX, which four been adjustments and year top decrease projected owned residential
storage $XXX Energy for per of core fair we case customers. possibility losses the the continued second quarter in quarter more our GAAP successful or settlement $X.XX As reported to fair were results. investments second effect comparable earnings our Energy that earnings the is quarter added remains year Contributions in million through per of second year was of Resources the GAAP program. growth quarter Resources' open Adjusted assets prior prior reflect Adjusted on from the review supports X% per which The earnings share focus our from wind per the of adjusted the mark-to-market primarily pursuing year-over-year, contract of than versus and share of quarter. on earnings between primary objective driver $X.XX rate our our of and the share. are earnings which Energy resource new adjusted always agreement. $X.XX excluded $XXX and a execution of increased adjusted per and contributions increased unfavorable period. includes difference battery versus impact non-qualifying during hedges share. million for And second resolving Resources and strategy $X.XX second or renewables share generation from storage our existing XXXX request
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