FPL’s capital expenditures reached approximately US$2.8 billion for the second quarter, with full-year capital investments expected to be between US$12 billion and US$13 billion. Regulatory capital employed increased by approximately 9.3% compared to the prior-year quarter.
In the Q2 earnings call, NextEra CEO John Ketchum said that the Florida energy market “remains one of the fastest growing in the nation” and said FPL intends to meet the growth in demand while offering “consistently low bills”. He added that the utility remains “on track to meet our full-year expectations to install approximately 900MW of solar and over 1.4GW of battery storage”.
FPL added more than 90,000 customers during the second quarter compared to the prior-year period and has roughly 21GW of large-load interest, with 12GW in advanced discussions. The utility expects to announce at least one large-load transaction under its tariff by the end of the year.
Its renewable energy development subsidiary, NextEra Energy Resources, reported Q2 income of US$1.634 billion, up from US$983 million in Q2 2025. The company’s earnings were US$1.291 billion, compared with US$1.091 billion in Q2 2025.
NextEra Energy Resources added 3.6GW of new clean energy capacity to its backlog, 2GW of which were battery energy storage additions.
