“FPL's capital expenditures were approximately $2 billion for the quarter, and we expect FPL's full year capital investments to be between $8 billion and $8.8 billion.”

In context

“ue to build what's essentially a stand-alone rate-regulated utility within Energy Resources through NextEra Energy Transmission. With our scale, experience and technology, including our supply chain capability and balance sheet, we are positioned to meet the opportunity set increased power demand will provide. I firmly believe no one has a better team, a better culture or a better track record of execution than NextEra Energy. With that, I'll turn the call over to Mike to walk you through detailed results from the quarter. Michael H. Dunne: Thank you, John, and good morning, everyone. For the second quarter of 2025, FPL's earnings per share increased by $0.02 year- over-year. The principal driver of this performance was FPL's regulatory capital employed growth of nearly 8% year-over-year. FPL's capital expenditures were approximately $2 billion for the quarter, and we expect FPL's full year capital investments to be between $8 billion and $8.8 billion. For the 12 months ending June 2025, FPL's reported return on equity for regulatory purposes will be approximately 11.6%. During the second quarter, we utilized approximately $19 million of reserve amortization, leaving FPL with a balance of roughly $254 million. FPL's second quarter retail sales increased 1.7% from the prior year comparable period, driven primarily by continued strong customer growth. Overall usage per customer grew by 0.1% year-over-year, which includes a decline of 0.8% due to milder weather. As a result, FPL grew retail sales in the second quarter by roughly 2.6% on a weather-normalized basis. On February 28, we initiated Florida Power & Light's 2025 base rate proceeding. The 4-year base rate plan we have proposed has been designed to support continued investments in c”