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NextEra Energy, Inc. (NYSE: NEE) is a leading American energy company headquartered in Juno Beach, Florida. With a generating capacity of approximately 58 gigawatts (GW), the company reported revenues exceeding $18 billion in 2020 and employs around 14,900 individuals across the United States and Canada. As the largest electric utility holding company by market capitalization, NextEra Energy is a significant player in the energy sector.
NextEra Energy's principal subsidiary, Florida Power & Light (FP&L), is the largest rate-regulated utility in Florida. FP&L serves nearly 6 million customer accounts, providing clean, affordable, and reliable electricity to over 12 million residents. It generates 34 GW of power, contributing roughly 70% of NextEra's consolidated operating earnings.
Another key segment of NextEra Energy is NextEra Energy Resources, the renewable energy sector. This division is the world's largest generator of renewable energy from wind and solar sources and a global leader in battery storage, boasting over 30 GW of generation capacity. The company’s portfolio includes diverse sources such as natural gas, nuclear, wind, and solar energy.
Recent achievements include the successful pricing of $1.0 billion in subordinated debentures by NextEra Energy Capital Holdings, a move aimed at funding investments in energy projects and repaying commercial paper obligations. Additionally, FP&L has secured regulatory approval for consecutive rate decreases, reflecting its commitment to lowering customer bills and maintaining affordability.
NextEra Energy is frequently recognized for its efforts in sustainability, corporate responsibility, ethics, and diversity. In 2023, it was ranked No. 1 in the electric and gas utilities industry in Fortune's list of 'World's Most Admired Companies' and was also noted for its contributions to global environmental goals. The company operates seven commercial nuclear power units across Florida, New Hampshire, and Wisconsin, generating emissions-free electricity.
NextEra Energy (NYSE: NEE) has announced a quarterly common stock dividend of $0.5665 per share, representing an approximate 10% increase compared to the prior year's dividend. This increase aligns with the company's 2024 plan targeting roughly 10% annual dividend growth through at least 2026. The dividend will be paid on March 17, 2025, to shareholders of record on February 28, 2025.
NextEra Energy, a Fortune 200 company, operates through its subsidiaries Florida Power & Light Company, America's largest electric utility serving over 6 million customer accounts, and NextEra Energy Resources, the world's largest generator of renewable energy from wind and sun. The company also operates seven commercial nuclear power units across Florida, New Hampshire, and Wisconsin.
NextEra Energy (NYSE: NEE) has been ranked No. 1 in the electric and gas utilities industry on Fortune's 2025 'World's Most Admired Companies' list, marking its 17th top ranking in 19 years. The company, which generates more electricity and has invested more in energy infrastructure than any other company, highlighted several key achievements:
The company has invested over $150 billion in national energy infrastructure over the past decade and plans to invest approximately $120 billion over the next four years. In 2024, NextEra Energy placed 8.7 gigawatts of new renewables and storage projects into service, with plans to grow its fleet to roughly 121 GW.
Notable operational highlights include paying nearly $8 billion in annual property taxes, maintaining electricity bills 30% below the national average, and achieving best-in-class non-fuel operations costs that are 50% better than their closest peer. The company recently announced a framework agreement with GE Vernova for natural gas generation projects and is evaluating the recommissioning of the Duane Arnold Energy Center nuclear plant by 2028.
NextEra Energy (NYSE: NEE) has reaffirmed its long-term financial expectations following XPLR Infrastructure's business update. The company maintains its adjusted earnings per share projections of $3.45 to $3.70 for 2025, $3.63 to $4.00 for 2026, and $3.85 to $4.32 for 2027.
The company's funding plan for 2024-2027 remains unchanged, including $5-7 billion in equity units and $5-6 billion in asset recycling. NextEra Energy operates through Florida Power & Light Company, America's largest electric utility serving over 6 million customer accounts, and NextEra Energy Resources, the world's largest generator of renewable energy from wind and sun.
NextEra Energy (NYSE: NEE) has released its fourth-quarter and full-year 2024 financial results on its website. The company will host a live webcast investor presentation at 9 a.m. ET, featuring CEO John Ketchum, CFO Brian Bolster, and other senior management team members to discuss the results.
NextEra Energy operates through two main subsidiaries: Florida Power & Light Company, America's largest electric utility serving over 6 million customer accounts across Florida, and NextEra Energy Resources, the world's largest generator of renewable energy from wind and sun, also leading in battery storage. The company also operates seven commercial nuclear power units across Florida, New Hampshire, and Wisconsin.
NextEra Energy Partners (NYSE: NEP) announced its rebranding to XPLR Infrastructure, LP, effective January 23, 2025. The company will begin trading under the new ticker symbol XIFR on the NYSE starting February 3, 2025. Until then, it will continue trading as NEP.
The company will release its Q4 and full-year 2024 financial results before NYSE opening on January 28, 2025, exclusively on its new website www.XPLRInfrastructure.com. An investor presentation webcast is scheduled for 9 a.m. ET on the same day, with presentation slides available from 7:30 a.m. ET.
XPLR Infrastructure, formerly NEP, is a growth-oriented partnership formed by NextEra Energy (NYSE: NEE), focusing on contracted clean energy assets with stable, long-term cash flows. The company owns a portfolio of renewable energy projects including wind, solar, solar-plus-storage, and battery storage in the U.S., along with natural gas pipeline assets in Pennsylvania.
NextEra Energy (NYSE: NEE) has announced it will release its fourth-quarter and full-year 2024 financial results before the NYSE opening on Friday, January 24, 2025. The results will be exclusively available on the company's website, accompanied by an advisory news release via PR Newswire with a link to the detailed report.
A live webcast investor presentation is scheduled for 9 a.m. ET on January 24, featuring chairman and CEO John Ketchum, CFO Brian Bolster, and other senior management team members. The presentation materials will be accessible for download starting at 7:30 a.m. ET, with a 90-day replay available afterward.
Florida Power & Light Company (FPL), a subsidiary of NextEra Energy (NYSE: NEE), announced plans to file a new rate request for 2026-2029 after its current base rate agreement ends in 2025. The proposal estimates a 2.5% average annual increase in typical residential customer bills from January 2025 through 2029. Despite the increase, FPL bills would remain below the national average.
The plan aims to support infrastructure investments, with FPL's distribution service reliability being 59% better than the national average. The company has added 275,000 customer accounts since 2021 and expects 330,000 more through 2029. FPL's smart-grid technology helped avoid 1.8 million customer outages in 2023 and 1.4 million outages during storms in the last three hurricane seasons.
Phillips 66 has partnered with NextEra Energy Resources to build a 30.2 MW solar facility that will power the Rodeo Renewable Energy Complex. The facility will reduce grid power demand by 50% and avoid approximately 33,000 metric tons of CO2 emissions annually starting Q1 2025.
The solar installation, spanning 88 acres and featuring over 70,000 solar modules, will generate about 60,000 MWh/year of electricity, equivalent to powering 23,000 electric vehicles annually. The project has created 130 local union construction jobs.
The Rodeo Complex, which produces renewable diesel and sustainable aviation fuel from lower-carbon feedstocks, reached full processing capacity of 50,000 BPD in June after transitioning to renewable feedstocks in March.
NextEra Energy (NYSE: NEE) has announced its participation in the EEI Financial Conference from November 10-12, 2024, along with various investor meetings throughout November and December. The company's senior management will reaffirm their adjusted earnings per share expectations: $3.23-$3.43 for 2024, $3.45-$3.70 for 2025, $3.63-$4.00 for 2026, and $3.85-$4.32 for 2027.
NextEra Energy owns Florida Power & Light Company, America's largest electric utility serving approximately 5.9 million customer accounts across Florida, and NextEra Energy Resources, the world's largest generator of renewable energy from wind and sun, with significant battery storage capabilities.
Florida Power & Light Company (FPL) has requested approval from the Florida Public Service Commission for a temporary surcharge on customer bills in 2025 to recover $1.2 billion in restoration costs from four hurricanes that hit Florida in 14 months. The surcharge would add $12.02 monthly to typical 1,000-kWh residential customer bills from January through December 2025. The request covers costs from Hurricanes Debby, Helene, and Milton in 2024, plus $150 million to replenish storm reserves depleted by Hurricane Idalia in 2023. The storms caused over 3 million combined outages, though FPL's grid investments prevented nearly 900,000 additional outages. Despite the surcharge, FPL bills will remain below the national average, with typical residential bills increasing to $133.99 for FPL customers and $143.45 for FPL Northwest customers.
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