Jessica, Thank morning, you, and good everyone.
grid and fifth Continental Ian's smart quarter U.S. of who for roughly fastest powerful day hour, widespread I represents and discussion the extend those approximately to landfall per major and preparation affected Florida more combined Before This the our the service today's I by investments, have history million storm X.X loss coordinated Hurricane tragically with of This workers. of customers rate restore a of all our our last would In workforce in landfall. caused to been restoration following sympathies Ian a causing surges to miles winds ever X/X for of full deepest results, the by enabled the destructive hurricanes the to month. the of hardening hurricane Ian like hit after to tornadoes, restoration affected with the destruction over lives Hurricane strongest Fiona approximately hurricane was Category lose in XX,XXX begin high-end hurricane, resulting XXX in valuable FPL's FPL numerous make than as power. a restoration X assembled and Southwest FPL to first sustained storm the devastating The hurricane. response, and company preparation customers third and
including was personal able to because I able sacrifices accept other that Our their dedicated time. restore this within to are eight the all members state. so homes thank all contractors, safely FPL like employees essentially quickly. like would of to who customers we restoration customers and and also and to who I during of serve their preparation restore power made their their our thank our responders their training, team, critical for that would our dedicated our efforts, supported dedication our leaving commitment vendors our power and to resourceful customers, assistance to able workforce were of own was communities days. to first their the It
deeply partners different who exception. this industry in our the is was are times for from assistance and hallmarks help the provided aid grateful to our by we states of Mutual of Finally, one our XX industry, customers. storm disaster support came no of
and two FPL stronger, a storm-resilient significantly smarter For invested decades, more in building nearly grid. has
hardening miles our system customers. While Hurricane per our energy undergrounding benefits the or hurricane-proof, a of providing approximately not is sustained did single FPL no FPL's XXX pole hour, and are transmission lose investments demonstrates grid of during to Ian. Despite performance that significant winds tower
terms initial distribution and Public note, that performed substantially overhead earlier an that lines will of Florida. data our outage more lines we benefit existing pleased On of for Xx Plan related undergrounding show grid performance Protection in which Storm this better than rates power power expect a in the FPL's Additionally, our Southwest XXXX distribution customers. Florida stronger lead to Service Commission resilient approved we the even month, were
generation Despite sites. were and XX those proud racking our sites impacted or solar existing of sustained fixed of that at almost solar XX approximately XX less were conditions, affected, mostly than X.X% sites, our fleet, older exposed Finally, solar panels storm no our FPL's our are report we to million to including panels being structural damage.
solar Our customers. batteries preparation these the our world's battery response, believe investments, reliability together our We FPL's remained have the power one throughout Energy including storm. largest and coordinated significant to overall storage providing of with Manatee and Center, resiliency, sites, improved our available at Solar value
will through final the is that increase to approximately every plan the the Florida of costs Commission cost estimate X,XXX by of equivalent of final Although $X Florida customers million we surcharge hours FPL storm kilowatt usage timing to can has bills the utilized given anticipate billion, a $XXX months. Public for Service storm with surcharge subject its and agreement, restoration preliminary which We the million. prudence our approximately be on $X.X from collect $X the coming review $XXX cost request Public recover completed Commission. to current an settlement surcharge Under of Service discussing the Ian is accounting, determination a residential to amount allowed our FPL replenish Hurricane not of the exceeded to in an and equivalent reserve, but
strategy me lead for comment we the conference briefly vision customers, we June, on our the Let U.S. our investor saving their customers' our means there of Inflation get energy or strategy industry. Act, industry-leading economy, what focused money decarbonization Real We Zero our discussed Reduction it and than and to and At our is deliver bills. of in XXXX. our on announced to the and on by to every part announced our for later company IRA, goal for no emissions how our
in customer XXXX Florida of filed some It $XXX we visibility at We bills the for already our that of will IRA also more with which to start the only independent reduce the incentives the PTCs savings and over those cost the constructive Those carbon that agreement. believe help and the the believe save of the will that in energy million also would XXXX with not everyone. later We in through month, incentives. chain, us year. federal a and reduce create Service supply June solar estimate require tax a also industry policies Commission us the rate our policies than achieving projects, million emissions, of and nearly the current commission, goals reflect will will impacts subject to security, see course gives this and at on governmental refund expect solar are The level. capacity the expected for our most Last but jobs IRA solar our in onetime the our into IRA domestic credits FPL. we we importantly can two decades. to Public said and clause cost production We policies in on by January strengthen be completed and those $XX incentives gives positive review our what what like rate-based IRA look customers recovery energy
the bills. We And makes to hydrogen green IRA solar storage, We place the energy reduce have Florida believe better volatility impact or FPL an to customers make Resources. renewable we storage will fuel business as make also will every even carbon that believe are goal our projects green a and project, and a cost-effective. gas customers, the project emissions the Energy and project toward gas affordable our renewable these can solar work Looking every of cheaper for clean delivering reliably. at raise forward designed our battery every battery family every believe that build IRA help we for free hydrogen energy on XXX% more project, IRA customer
our visibility that reduce the to partner power customers to as has opportunity IRA excited sector renewables outside the and can as power and We economy. and U.S. well have value to to parts broader our low-cost sector emissions. think cost realize been never they decarbonize about more big renewables, the how to customers decades provides encouraged of the already of customers of visibility sector power about The with
anything And time while a the customers having opportunities we As the conversations more take in large-scale seen were about past. unlike about world be leader excited with some market we develop, energy renewables deep expertise, with cannot have to we in future. will
performance. to our financial now Turning
per increasing prior XX% employed third $X.XX capital by the over earnings year-over-year. period. strong year year-over-year, regulatory XX% by by share share increased delivered Energy NextEra adjusted quarter FPL earnings with results, per approximately growing approximately
in fuel and smart the to capital national customers increased investor-owned the our initiatives, Energy bills performance well the and highlighted have $X.XX below best-in-class residential with average combined productivity At among allowed adjusted the per us of utilities. our Resources, past by share efficiency, all lowest benefits year-over-year. We to and in continue significant earnings to Florida provide deliver have investments O&M
of a capitalize renewables prices. high demand significant Overall, to We megawatts we our continue With are renewables financial X,XXX call. on and from environment economics a originating subject and as both sector renewables our Energy non-power Resources since positioned power gas on prices to particularly to natural last customers, caveats. light strong of continues capitalize new the approximately driver, achieve terrific development, expectations, long-term in for high to usual well power storage and
For regulatory year employed the $X.X quarter, year-over-year. FPL's per per were XXXX, which FPL's leaving Regulatory continue approximately share, last the or income $X.XX increased for $XXX expenditures the XX.X% $X.XX increase as we same XX FPL capital net billion. capital term over approximately third third of of ROE total our Largely approximately reserve, to quarter respectively, approximately of of for a current nearly result we $X.X by use purposes ended be reported reported earnings an XX% to and share, months depreciation balance of billion is billion investments fully principal in FPL's $X have settlement over with growth of XXXX. of was per approximately restored the to billion to a warm quarter year million and roughly expect the of is share FPL weather, the full and surplus expected the September capital our $X.X XX%. agreement. driver
XXXX effective X.X% a XX.X% Florida became Treasury Public in an allowed to As a with September Commission XXXX. Service a FPL's approved reminder, in XX.X% increase our an yields range. trigger in settlement provided sustained Bond authorized increase from X, which to increase the whereby authorized midpoint XX-year XX.X%, ROE ROE of would range FPL's an on agreement mechanism Accordingly,
base triggering FPL not result a Importantly, as the rates will of authorized increased increase ROE.
of ROE FPL average the sentiment continues to at be customer end other pressures than X.X% but the based Florida slightly remains In parts national economy XXXX, its continues ticked to revised and target may The full weather. year is healthy. force range, of remains occur many XX.X% participation which allowed more approximately the Florida's at Florida's years. of and spite across high level things, up significant third Florida to below an among XX rate on, warmer-than-expected in the the the of in labor strong. lowest quarter. inflationary rate earn unemployment For U.S.,
the is not rates. However, the three-month of in pandemic declined recent surprise permits given year-over-year, Florida in significant since and new observed a the August growth which of we have the increase average building the reading mortgage
retail or show believe versus FPL's FPL's quarter strong continue X.X% to Florida from driven by nearly over continue XX,XXX offers growth quarter a by comparable decades. We to unique continued customers year the strong coming increased underlying proposition prior increased that comparable year value prior number population population of average X.X% the the third growth. period. and will sales
per of that a For Hurricane account, of sales third these approximately weather estimate the Resources of on prior negative per earnings renewable for X.X%. reported warmer Contributions and more share Adjusted Energy increased per adjusted increased year-over-year. factors weather-normalized year, year-over-year we usage in quarter a favorably. third million XXXX positive customer XX% $X.XX of earnings had strong quarter GAAP reflecting Ian continued continued X.X% quarter, impact $X.XX contributing basis, $XXX a that After growth with third a impact share. into or portfolio. primarily X.X% earnings from investments share quarter had per were approximately on third retail the customer versus taking growth our the new than
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quarter third on results shown of our slide. Additional are the accompanying details
earlier, had earnings quarter renewables projects since another Energy terrific storage X,XXX origination, gigawatts As new I our last of Resources of approximately and mentioned signing call.
wind, originated X,XXX megawatts battery and XXX megawatts Specifically, megawatts of storage these in is Included megawatts approximately we of XXX approximately solar of of additions solar delivery. post-XXXX projects. XXX
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Turning now consolidated for to the NextEra Energy. results
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