Jessica. you, everyone. And Thank good morning,
October major costs, at XX. generations and Public to the energy to Florida, in Change Service NextEra to agreement named enable and on outlined. the delivered both agreement, Earlier to fair Gulf Building operating for and shareholders. year-to-date We implementation I year-to-date and the long-term future successful reduction with Gulf on long to resilience, Power electric customers increasing we is affordability, smart world's XX% income a contribution provide interveners its Center negotiated agenda serving increased approximately clean case, per net we meet settlement is the of of continue rate solar Energy approved, we also benefit made while constructive approximately strong initiatives benefit upon Both Gulf proposed what year, cost and on to a is be that on Energy's agreement capital to to number versus energy ensure minutes. history quarter, track vote Florida of the initiatives the objectives to and progress and This progress serve. to best-in-class customers solutions XXXX to And Commission the adjusted reflecting execution approximately by lower conference position beyond. executed FPL, year-over-year. we net XX% adjusted recognition agreement higher now first to Most commitment sector, At XX% with renewable XXX-megawatt and well, will by our businesses later At XX% the that value month, be our share the the during business. customers we efficiently our will business begin increased period, the year. more investment its in FPL performance the that the notably, results reliability, continue earnings reached year-over-year. had XX% prior-year the continued details integrated versus Power is investing the principal investments for a in and solid and improving service, on proposition world remain initiatives on well-positioned including quarter from we year continued the strong contributions Manatee list. FPL's renewables major period what clean comparable believe increased on set if continued new power earnings come believe this customer great Fortune's outcomes The opportunity of of World focus half NextEra recognized. continue be Energy quarter of the financial in largest by reliability, to advance Storage that Energy customers. NextEra capital battery a in complete to a testament and should for communities in honored storage. expect its focused our the is a XXXX continuing in few system, income that only Energy overall and this outstanding attributable third-quarter well providing in the and previously were prior utility energy approximately we comparable Power's for we on the for Resources, our us
approximately origination which quarter wind origination, another of our terrific best quarter of additions the in energy call, additions intended Our adding earnings since team and additional projects projects, to backlog green X,XXX development just storage of new XXX-megawatt XXX resources few an minutes. backlog on approximately overall of hydrogen the and the last to include a storage combined wind megawatts details new that's new These and and I renewables had megawatts quarter marking best some solar provide history. adjacent will power a in facility,
XXXX, meaningful Energy Resources takes years of broad decarbonization at facets of storage towards coming competitive to the the various expect trend in that X And with we financial previously growth our drive continue quarters forms in renewables as are the making We we to the economy advantages with progress we're many complete Overall, energy NextEra expectations discussed, pleased full-year subject U.S. we will the strong caveats. that usual hold. achieve well-positioned and have across Energy. to our at in are
beginning look let's results the Now detailed at FPL. with
or and $XXX the XX.X% same increase share For capital income FPL $XX an respectively the third quarter million net is per quarter Regulatory last year-over-year approximately per in of which investments were And expenditures was approximately reported FPL's its billion. XX%. between share, year capital $X.X of growth full-year and and billion over net of by $X.X the XXXX, million principal $X.XX of capital total third approximately year-over-year. FPL's quarter. of the increased employed income $X.XX expect $X.X billion to driver we
the XXXX. for be Our ended approximately XX.X% for regulatory XX September months purposes will reported ROE
During across category the much with a as we the which caused Coast quarter, the Hurricane of of $XXX US was reserve also East made FPL Coast by hurricane, $XXX as impacted million restored Northeastern you recently amortization, the a flooding know, in leaving for of of U.S. catastrophic and Gulf a million, balance landfall Ida,
position deeply industry's this that those value And fortunate have assist sympathies are were year. mutual assistance. We to deepest in to commitment widespread with been other to we by the utilities Our a disruption. Ida's impacted be
and as supplies sent more as and equipment the help we efforts, than to contractors, XXXX restoration systems our grid our of of well part impact rebuild to transmission efforts of utilities. As the the employees support other of
flat of the $XX versus net year income turn Power, comparable reported third which now million third-quarter to Gulf per XXXX $X.XX quarter me quarter. Let contribution Power's share. was Gulf EPS or prior
quarter As related a occurred expenses from XXXX reminder, had in that earlier COVID-XX the of benefited the of third reversal year. that
[Indiscernible] Gulf to capital approximately expenditures quarter, expected capital dollars year-over-year. Power's Capital Regulatory be roughly we were during million by the grew approximately XX% $XXX Gulf full-year quarter, investments and the $XXX third million dollars. During Power's
of we full-year be to XX.XX%. continue of expect X.XX XXXX Gulf ROE in the to of allowed to Power's half regulatory band the upper For
major solar capital within customers capacity The across six renewables is things, approximately to smart that of Resiliency All initiatives next are online for bringing megawatts Gulf These the in well. to North diversity two expected Gulf many investments be come. cost-effective service other of among mid-XXXX. which Power XXX will zero-emission Power years our Connection, in anticipates Florida benefit output progressing to months. and continued core zones, customer the in benefits are to infrastructure greater from different capital time in drive solar expected allow
change in service unexpected personnel, Power than which the less Northwest During XX an approximately Tropical to restore a striking territory. XX,XXX customers average impacted outage of was restoration before Storm was two roughly customer to restored and of all X,XXX by the Florida workforce hours. in the experienced quarter, impacted Moreover, able hours. less Gulf essentially past gulf was than Fred in Power service a by Fred, Through
Florida's as remains In three-month Florida were highest XX% grow, The and the August ensure in in participation continues many in rate up over pandemic nation. focused healthy pace teams year-over-year. average last the housing following Our a ten culture the to outpaced of indicator Florida XX%. the years. onset new labor The last ongoing to year. of year-over-year real reflecting housings there service starts execution, the and to average level up timely, starts of continues new strongest with preparation, months, have economy sector including our quarterly growth twice storm drills, the recovered and force the in Florida at in permits, estate by an also over storm. XX grow XX% leading the new than COVID-XX a its and nation's are has helped among accounts in building residential the alone nearly the response recovery Florida tropical safe to a efficient, annual
another up economic versus nearly index XX% sales As is prior Florida Florida's health, year. indicator as the of retail
population prior On X.X% X.X% X.X% FPL's FPL's year a usage weather-normalized increased contributing basis, continued of continued benefits by quarter, comparable year underlying During comparable from period. weather-related average driven the by X.X% quarter XX,XXX in quarter retail A solid growth. from decrease the per customer the usage the of sales approximately underlying increased strong with or customer quarter, number third growth. approximately prior of sales favorably. third offset customers decline
favorably. usage the prior Gulf third contributing Power's sales quarter Gulf average And strong increased of year year-over-year customer with comparable customers the X.X% retail quarter. X.X% increased For growth versus Power, number from grew
Counsel, to Executive the a Light on Cleo any allowed the joined four-year the all Institute, acCompanying greater proposed reflecting shown provides base. which increase as across U.S. the Federation, the constituents lights ROE regulatory to revenue The early investor allowed and Clean a treasury initiated for [Indiscernible] of would we of March set XXXX, Agencies Return for equity a XX.X% XX.X% to the be during X of agreement, Florida Group, Retail period months agreement number X.X% reminder, in term no Power retail begins slide, combined system FPL's floor negotiation, XXXX. average Solar, change proceeding consecutive Federal in Alliance the sources a Florida beginning on or Vote with Office X.X% XX.X%. to rate XXth, our from for [Indiscernible] and and Energy, yields the of customer range The Florida over of settlement range Southern January a The for a agreement. and base to months rate XX.X% with in X.XX% of reached with XX-year regulatory on Users Power equity Public relief of proposed preceding; agreement, of base The The ratio adjustments Industrial on As August January After XXXX we the broad of
in the federal to prospectively would the revenue The of Light the term agreement, of Power be during billion proposed if five-year Gulf or a would rider a to to Florida proposed impact up & changes base Gulf to on the review Additionally, rate transition differences address the settlement depreciation term of surplus. proposed of requirements. $X.XX and adjust flexibility implementing initial mechanism effective March, also customers. with over amortize Power filed includes state unify tax income corporate FPL and tariffs credit the base and reserve existing after Consistent serving become by cost agreement rates the FPL agreement able in the the plan and permanent Power of rates four-year
more cap generation an upon for the showing settlement XXX up also of of over agreement XXXX expected of operations constructing of XXXX SoBRA also Solar double proposed annually save overall solar kilowatt than the and the subject our would base of solar lifetime generation megawatts Which of our be Solar to commercial rate millions new to its current and per Together cost-effectiveness customers solar or cost Additionally, provides adjustments Voluntary XXXX, to additional FPL's through authorized XXXX. of each is megawatts to dollars assets. reaching in $XXXX program, FPL customers. together, would for Community Program a of the expand by solar an size and
beginning Florida to In Florida with designed innovative This Support green unlock infrastructure several vehicle County. programs hours proposed energy, X,XXX-kilowatt for available would an to Any with proposed million incurred lower Okeechobee in to keep introduces service balanced believe in a an to year. the recovery. surcharge investment XX the typical be highly ability petition, national typical decade. solar electricity days capital than adoption for a on proposed is storm restoration of years one reliable, cost in XX is surcharge. the addition than $XXX agreement of The more any the day electric costs end additional that in and would settlement FPL's of recover can $XXX FPL's Under every continued the $X XXX% residential would and more increase an no XX carbon XXXX. among ago be at filing well customers hydrogen average. with settlement electric our the of the below interim Future free eligible residential to of recoverable through settlement technology were basis low-cost provide the The costs costs the proposed bill current the agreement. well in constructive, project million. the and pilot usage also hour our bills FPL it agreement cost fair, average. recovery day. of pilots amount costs A And calendar in continue request growth that's storm than a across framework prudently total is agreement accelerate today capped the charging first bills for months years. supports a could recovery given agreement, FPL investment to and was XX lowest but residential below would on settlement and could national We produce restoration the vehicle from exceed subsequent of storm through the consistent $X
or mark-to-market losses existing which added from adjusted cents to from earnings storage relative Contributions million quarter comparable Resources' in The between of new and to $XXX per contribution GAAP, is investments $X.XX of Let respectively, third turn quarter quarter, reflecting generation earnings, year-over-year. our difference primarily $X.XX of was year-over-year. which earnings contracted XXXX third quarter the me increased the growth results. now or prior Energy non-qualifying The primary million share share. Resources, the $X.XX $X.XX share Energy which the from battery adjusted hedges, and per continued year per renewables an driver GAAP assets program. $XXX dollars reported third and share, is $XX increase excluded Adjusted dollars effect $X.XX for share, on per of were million cents per
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