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Earnings Calls: 
FPL Group First Quarter Earnings Call
Author: Rozalina Destanova
123jump.com
Last Update: 3:55 AM EDT May 15 2008

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Adjusted earnings were 76 cents a share, up from 70 cents a share a year earlier. FPL Energy’s net income included a net unrealized after-tax loss of $56 million associated with the mark-to-market effect of non-qualifying hedges and OTTI. Customer growth in Florida Power & Light slowed because of economic conditions in Florida, especially those related to the housing market. FPL Group reaffirmed its target for 2008 adjusted earnings of $3.83 to $3.93 a share and $4.15 to $4.35 a share for 2009.

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Armando Olivera: We are still in the pilot phase. The current pilot phase has about 50,000 customers. The next phase will ramp it up to 100,000 customers, and we are still not in a position that we would choose a technology. We are trying several different technologies right now, several different vendors, manufacturers, and we are not prepared to make any announcement.
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