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Earnings increase for FPL, parent firm

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(Photo by Robert Krampf)

Florida Power & Light and its parent company, NextEra Energy, saw net income jump during the first three months of 2017, according to financial results released Friday.

FPL, the state's largest electric utility, had net income of $445 million, or 95 cents a share, during the first quarter, up from $393 million, or 85 cents a share, during the same period in 2016.

NextEra Energy, meanwhile, reported net income of $1.583 billion, or $3.37 a share, up from $653 million, or $1.41 a share, in 2016, the Juno Beach-based company said in a news release.

On an adjusted basis, NextEra earned $820 million, or $1.75 a share, compared to $732 million, or $1.59 a share, during the first three months of 2016.