By South Florida Business Journal

Favorable weather and continued investments in clean energy helped boost NextEra Energyâ¿¿s net income, but revenue fell.

The Juno Beach-based utility (NYSE: NEE) reported second quarter net income of $417 million, or $1.01 a share, improved from $370 million, or 91 cents a share, in the same year ago quarter.

Revenue fell to $3.59 billion from $3.81 billion.

⿿We⿿re pleased to have delivered another strong quarter. While the second quarter was certainly helped by favorable weather, we continue to see positive earnings impacts from our continued investments in clean and efficient power generation at both of our operating companies,⿝ NextEra Energy Chairman and CEO Lew Hay said in a news release.

NextEra Energy's utility subsidiary, Florida Power & Light Co., reported second quarter net income of $265 million, or 64 cents a share, up from $213 million, or 52 cents a share, in the prior-year quarter.

The company said it is moving forward with an about $2 billion investment to modernize its Cape Canaveral and Riviera power plants.

NextEra Energy Resources, the energy business of NextEra Energy which has generating facilities in 26 states and Canada, reported second quarter net income of $154 million, or 38 cents a share share, down from $163 million, or 40 cents a share, in the prior-year quarter. The company said those results were driven mainly by ⿿the addition of new wind projects, improved performance of existing assets, and the sale of a power plant, largely offset by higher interest expenses.⿝

The company has about 540 megawatts of new wind in service or under construction and likely to be commissioned this year.

Looking ahead, NextEra Energy said it expects to deliver adjusted earnings per share for 2010 in the range of $4.25 to $4.65. For 2011, the company believes that adjusted EPS will fall in about the same range. It also expects adjusted EPS will grow at an overall average rate of 5 percent to 7 percent through 2014 from a 2009 base.

Shares closed Thursday at $52.84. The 52-week high was $60.61 on July 24, 2009. The 52-week low was $45.29 on Feb. 12.

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