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Nextra Energy, Inc. - NEE STOCK NEWS

Welcome to our dedicated page for Nextra Energy news (Ticker: NEE), a resource for investors and traders seeking the latest updates and insights on Nextra Energy stock.

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.

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The Florida Public Service Commission has approved an increase in customer bills for Florida Power & Light Company (FPL) starting in April 2023, reflecting hurricane recovery and fuel costs. Despite this increase, FPL has proposed a decrease in bills for May, projecting savings of $379 million in fuel costs. The typical residential bill for 1,000 kWh will remain below the national average, with the April bill at $144.38 and a proposed decrease to $139.95 in May. Customers will also incur a temporary storm surcharge for 12 months, benefiting the Northwest Florida region by $9.54 per month.

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Florida Power & Light Company announced a proposal to reduce customer fuel charges by $379 million, effective May, to mitigate bill increases related to hurricane restoration and high fuel costs. The plan aims to lower the typical residential bill by $4.43 monthly through December. This follows a previous proposal to cut charges by $1 billion in response to decreasing natural gas prices. FPL's commitment to energy independence has saved customers over $14 billion in costs and significantly reduced carbon emissions. In 2022, FPL's solar fleet avoided $375 million in fuel costs, emphasizing its shift towards clean energy.

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NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announced participation in investor meetings at the end of February and throughout March 2023. The management team will discuss long-term growth expectations for both companies. Presentations can be accessed by investors online. NextEra Energy, a leading clean energy provider, operates Florida Power & Light Company, serving over 12 million people, and is recognized for its sustainability efforts. NEP is focused on acquiring and managing contracted clean energy projects, with a strong cash flow outlook.

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NextEra Energy announced the settlement rate for stock purchase contracts linked to corporate units issued in February 2020. Each holder will receive 0.6676 shares of common stock for each contract, with cash for fractional shares. This settlement, effective March 1, 2023, follows a payment of $50.00 per unit held. Additionally, NextEra will receive $2.5 billion for 33.38 million shares of common stock upon settling the contracts. Furthermore, on March 1, 2023, holders will receive a final quarterly cash distribution of $0.659875 per unit. The move underscores NextEra's operational strategy and financial management.

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The board of directors of NextEra Energy (NYSE: NEE) declared a quarterly dividend of $0.4675 per share, marking a 10% increase from the previous year. This increase aligns with the company’s goal of achieving approximately 10% annual growth in dividends through at least 2024. The dividend will be paid on March 15, 2023, to shareholders of record by February 28, 2023. NextEra Energy, headquartered in Juno Beach, Florida, is recognized as a leader in clean energy, providing reliable electricity to over 12 million people in Florida.

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NextEra Energy Capital Holdings announced a remarketing of its Series K Debentures due March 1, 2025, totaling $2.5 billion. This process will occur on February 22, 2023, and potentially the following business days. The interest rate on the debentures will be reset if the remarketing is successful, effective March 1, 2023. Proceeds will fulfill obligations under the Purchase Contract Agreement, allowing holders to buy NextEra Energy common stock. Remarketing agents include J.P. Morgan, Wells Fargo, and BofA Securities.

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NextEra Energy, Inc. (NYSE: NEE) announced the release of its fourth-quarter and full-year 2022 financial results on January 25, 2023. The company, known for being a leader in clean energy, provides electricity to over 12 million people across Florida through its subsidiary Florida Power & Light Company. NextEra Energy is also a major player in renewable energy generation, being the world's largest producer from wind and solar sources. Key financial metrics and insights will be discussed in an investor presentation beginning at 9 a.m. ET, which will also cover results for NextEra Energy Partners, LP (NYSE: NEP). For detailed results, visit www.NextEraEnergy.com/FinancialResults.

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NextEra Energy, Inc. (NYSE: NEE) announced leadership changes as Eric Silagy, CEO of Florida Power & Light Company (FPL), plans to retire after 20 years, including 11 years at FPL. Armando Pimentel has been appointed as his successor, effective Feb. 15, 2023, bringing prior experience as CFO for NextEra and FPL. John Ketchum, CEO of NextEra, will serve as chairman of FPL. Silagy praised Florida's transformation under his leadership and expressed confidence in FPL's future. The changes aim to sustain the company's commitment to providing reliable, low-cost energy to over 12 million Floridians.

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NextEra Energy Partners, LP (NYSE: NEP) released its fourth-quarter and full-year 2022 financial results on January 25, 2023. The company's earnings and revenue details can be accessed via their website. During a live investor presentation, key executives will discuss these results, including insights related to NextEra Energy, Inc. (NYSE: NEE). NextEra Energy Partners focuses on acquiring and managing contracted clean energy projects that provide stable cash flows, with operations across wind, solar, and energy storage technologies in the U.S., as well as natural gas infrastructure in Texas and Pennsylvania.

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FAQ

What is the current stock price of Nextra Energy (NEE)?

The current stock price of Nextra Energy (NEE) is $72.49 as of December 23, 2024.

What is the market cap of Nextra Energy (NEE)?

The market cap of Nextra Energy (NEE) is approximately 147.5B.

What is NextEra Energy, Inc.?

NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company based in Juno Beach, Florida, with a focus on generating capacity, renewable energy, and electric utility services.

What businesses does NextEra Energy operate?

NextEra Energy operates Florida Power & Light Company, the largest rate-regulated utility in Florida, and NextEra Energy Resources, the world's largest generator of renewable energy from wind and solar.

How many employees does NextEra Energy have?

NextEra Energy employs approximately 14,900 people across the United States and Canada.

What recent financial activities has NextEra Energy undertaken?

Recently, NextEra Energy Capital Holdings priced $1.0 billion in subordinated debentures aimed at funding energy projects and general corporate purposes.

What are the recent developments in Florida Power & Light?

FP&L has secured approval for consecutive rate decreases to lower customer bills, reflecting lower fuel prices and ending surcharges for hurricane restoration costs.

How does NextEra Energy contribute to renewable energy?

NextEra Energy Resources focuses on renewable energy, with more than 30 GW of generation capacity from wind, solar, and battery storage.

Is NextEra Energy involved in nuclear power?

Yes, NextEra Energy operates seven commercial nuclear power units in Florida, New Hampshire, and Wisconsin, generating clean, emissions-free electricity.

What recognitions has NextEra Energy received for its efforts?

NextEra Energy has been acknowledged for its sustainability, corporate responsibility, ethics, and diversity, including being named No. 1 in Fortune's 'World's Most Admired Companies'.

What is the significance of NextEra Energy's stock symbol?

NextEra Energy is listed under the ticker symbol NEE on the New York Stock Exchange, reflecting its presence as a major player in the clean energy sector.

Where can I find financial results for NextEra Energy?

NextEra Energy's financial results are posted on its website at www.NextEraEnergy.com/FinancialResults and are also discussed in investor presentations available online.

Nextra Energy, Inc.

NYSE:NEE

NEE Rankings

NEE Stock Data

147.51B
2.05B
0.09%
82.86%
1.66%
Utilities - Regulated Electric
Electric Services
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United States of America
JUNO BEACH