other adjustments, the net increase that a typical residential  customer would pay is currently estimated at less than  $2.50 per month, or about 8 cents per day. So even with  the increase, we expect to continue to deliver the lowest  typical residential bill in Florida. NextEra Energy Resources reported 2011 net income on a  GAAP basis of $774 million, or $1.85 per share, compared  with $980 million, or $2.37 per share, in 2010. On an  adjusted basis, NextEra Energy Resources’ 2011 earnings  were $679 million, or $1.62 per share, compared with $800  million, or $1.93 per share, for the full year 2010. 4 These results did not meet the expectations we set out for  ourselves at the beginning of the year, for several reasons.  We were overly optimistic about the market environment for  our proprietary trading activities, and so we have reduced  our expectations for these activities to reflect softer market  conditions. We had unplanned and extended outages at  our Seabrook nuclear facility, which led to less availability  than we had anticipated. We were negatively impacted by  the extreme heat in Texas in August, and since then we  have made a number of operational changes to improve  our responsiveness and resilience should such extreme  conditions recur.  Finally, we had hoped to get a few more megawatts of  new renewable projects in the ground by the end of 2011.  Instead, two projects were pushed into the first quarter of  this year. The long-term financial impact on these projects  will be minimal, as the projects are still expected to qualify  for relevant tax incentives. Strong enterprises succeed despite their challenges, and  that is what NextEra Energy Resources did in 2011. Our  non-nuclear generating facilities performed exceptionally  well, with one of our lowest forced-outage rates on record.  We had a banner year for development of new renewable  energy projects, which created the largest backlog of new  renewable energy projects in our history. We believe we are  positioned well to grow in the years ahead, and to extend  As NextEra Energy’s leadership position in the electric  power industry has grown, so has our reputation. In 2011,  In 2012, NextEra Energy is urging policymakers to extend  policy support for renewable energy, including through  extension of the federal Production Tax Credit (PTC)  for wind energy. This incentive is a good deal for U.S.  taxpayers, as it has encouraged tens of billions of dollars  of private investment in high-tech American manufacturing.  Indeed, investment in new wind projects that would follow  an extension of the PTC is projected to generate tax  revenues for federal, state and local governments that are  larger than the cost of the extension itself. Over the past  three years, investment in wind technology has decreased  the cost of wind energy by nearly one-third and increased  its efficiency by more than 20 percent. We believe the  PTC has proven its value, and we are hoping that the past  bipartisan consensus to support it will re-emerge. On the solar front, our company’s backlog of 940 MW of  contracted solar projects includes our 50 percent portion  of the recently announced Desert Sunlight project and 100  percent of the recently announced McCoy photovoltaic  project, both in California. Including all of the planned solar  projects that are already under long-term contract, NextEra  Energy Resources plans to invest between $2.1 billion  and $2.3 billion from 2011 through 2012, and between  $1.3 billion and $1.5 billion in 2013 and 2014 in solar  development projects. The backlog of contracted solar  opportunities is expected to begin contributing meaningfully  to cash flow and earnings in 2013. We entered into long-term contracts for more than 1,600  MW of wind generation during 2011, with expected in-service  dates through 2014. We added approximately 380 MW of  wind generation during the year, and we remain on track to  add approximately 1,400 to 2,000 MW of new wind assets to  our portfolio during the two years ending on Dec. 31, 2012. our leadership as the largest generator in the United States  of renewable energy from the wind and the sun. NextEra Energy Resources Recognition of Excellence ANNUAL REPORT AR-3 $^{4 }$See page AR-6 for reconciliations of adjusted amounts to GAAP.