Financial Results and Revised Agreement - Research Report on NextEra Energy, Duke Energy, PPL, American Electric Power, and FirstEnergy

NEW YORK, August 28, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting NextEra Energy, Inc. (NYSE: NEE), Duke Energy Corporation (NYSE: DUK), PPL Corporation (NYSE: PPL), American Electric Power Co., Inc. (NYSE: AEP), and FirstEnergy Corp. (NYSE: FE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

NextEra Energy, Inc. Research Report

On July 30, 2013, NextEra Energy, Inc. (NextEra) reported its Q2 2013 financial results. Net income on a GAAP basis was $610 million, or $1.44 per share, in Q2 2013, compared with $607 million, or $1.45 per share, in Q2 2012. On an adjusted basis, NextEra's earnings totaled $620 million, or $1.46 per share, in Q2 2013, compared with $527 million, or $1.26 per share, in Q2 2012. Commenting on the results, NextEra's President and CEO, Jim Robo, stated, "NextEra Energy delivered strong results during the second quarter of 2013 with both of our major businesses performing well. At Florida Power & Light Company, earnings growth was driven by increased investment in the business that enhances an already excellent value proposition for our customers. I am especially pleased that we completed the modernization of our Cape Canaveral plant under budget and ahead of schedule." The Full Research Report on NextEra Energy, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-02/NEE]

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Duke Energy Corporation Research Report  

On August 1, 2013, Duke Energy Corporation's (Duke Energy) subsidiary, Duke Energy Florida (Duke Florida) announced that it has filed a modified settlement agreement with the Florida Public Service Commission (FPSC) that facilitates long-term clarity for Florida customers, the Company and other key stakeholders. According to the Company, the revised settlement, which was developed in collaboration with the Office of Public Counsel and other consumer advocates, contains provisions related to the Crystal River 3 nuclear plant (CR3), the proposed Levy nuclear project, the Crystal River 1 and 2 coal units, and future generation needs in Florida. Alex Glenn, Duke Energy State President of Florida, said, "The revised agreement represents an effective balance between moderating rate impacts to customers, providing clarity on recovery of past investments and allowing us to move forward with planning for Florida's energy future." The Company also reported that the revised settlement agreement is subject to review and approval of the FPSC, which is expected by the end of 2013. The Full Research Report on Duke Energy Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-02/DUK]

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PPL Corporation Research Report

On August 1, 2013, PPL Corporation (PPL) reported its Q2 2013 and H1 2013 financial results. The Company posted total operating revenue of $3.5 billion, up 35.3% YoY. Net income attributable to PPL shareowners was $405 million, or $0.63 per diluted share, in Q2 2013, compared with $271 million, or $0.46 per share, in Q2 2012. During H1 2013, PPL's reported earnings were $818 million, or $1.28 per diluted share, compared with $812 million, or $1.39 per diluted share, in H1 2012. William H. Spence, PPL's Chairman, President and CEO, commented, "We continue to see solid earnings growth from our three regulated business segments, and our competitive energy supply business is managing its operations effectively. Our strong performance through the first two quarters and our expectations for the balance of the year give us confidence to increase our 2013 earnings forecast." The Full Research Report on PPL Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-02/PPL]

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American Electric Power Co., Inc. Research Report  

On July 25, 2013, American Electric Power Co., Inc. (AEP) reported Q2 2013 financial results. Revenue remained flat at $3.6 billion during the quarter. GAAP earnings stood at $338 million, or $0.69 per share, in Q2 2013, compared with $362 million, or $0.75 per share, in Q2 2012. Operating earnings totaled $357 million, or $0.73 per share, compared to $370 million, or $0.77 per share, in Q2 2012. Nicholas K. Akins, President and CEO of AEP commented, "We are executing well on our earnings growth strategy. We continue to successfully direct significant investments to our regulated infrastructure for the benefit of our customers. The strong results from our regulated businesses, including transmission, are offsetting some of the negative earnings impacts from the transition to competition in Ohio." The Full Research Report on American Electric Power Co., Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-02/AEP]

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FirstEnergy Corp. Research Report

On August 6, 2013, FirstEnergy Corp. (FirstEnergy) reported its Q2 2013 earnings. On a GAAP basis, revenue declined 6.3% YoY $3.5 billion. Net loss came in at $164 million, or $0.39 per diluted share, compared to net income of $188 million, or $0.45 per diluted share in Q2 2012. Commenting on the results, Anthony J. Alexander, FirstEnergy President and CEO, stated, "These solid second quarter results are in line with our expectations, and we are reaffirming our 2013 non-GAAP earnings guidance range of $2.85 to $3.15 per share."  Anthony added, "We continue to focus on targeted growth opportunities in our competitive and regulated businesses, while taking additional steps to further reduce costs across the company in light of the continued sluggish economy in much of our region, weak market prices for power, and environmental mandates." The Full Research Report on FirstEnergy Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-02/FE]

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