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.
NextEra Energy (NEE) announced the sale of equity units worth $2.0 billion to Citigroup, Goldman Sachs & Co. LLC, and Mizuho, expected to close on Sept. 19, 2022. Each unit, priced at $50, includes a contract to purchase common stock and a 5% ownership interest in a debenture due Sept. 1, 2027. The total annual distribution on these units will be 6.926%. Proceeds, estimated at $1.94 billion, will support energy projects and repay commercial paper obligations.
NextEra Energy, Inc. (NYSE: NEE) announced plans to sell $2.0 billion of equity units, consisting of a stock purchase contract and a 5% ownership interest in a debenture due Sept. 1, 2027. Each unit is priced at $50. The issuance aims to generate approximately $1.94 billion in net proceeds for funding energy projects and general corporate purposes. Stock purchase obligations must be fulfilled by Sept. 1, 2025. This sale is part of NextEra's ongoing strategy to bolster its clean energy investments.
NextEra Energy, Inc. (NEE) and NextEra Energy Partners, LP (NEP) announced that Kirk Crews, CFO of both companies, will present at the 2022 Barclays CEO Energy-Power Conference on Sept. 7, 2022, at 9:10 a.m. ET. The event will take place in New York City, with a live audio webcast accessible on their respective investor websites. Following the presentation, a replay will be available for 90 days. Both companies are prominent in the clean energy sector, with significant operational footprints in renewable energy generation and electric utility services.
NextEra Energy, Inc. (NYSE: NEE) announced the settlement rate for stock purchase contracts linked to corporate units issued in September 2019. Effective September 1, 2022, holders will receive 0.7212 shares of NEE common stock per unit, with cash for any fractional shares. The settlement is based on the average closing price for 20 trading days up to August 29, 2022. NextEra anticipates receiving $1.5 billion in exchange for approximately 21.64 million shares. Furthermore, corporate unit holders will receive a quarterly cash distribution of $0.609 per unit on the same date.
NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announced upcoming investor meetings between late August and September. Key discussions will focus on long-term growth rate expectations for both companies. NextEra Energy is recognized as a leader in clean energy, owning Florida Power & Light, the largest electric utility in America. The companies' presentations and details are available on their respective investor websites. These meetings aim to bolster investor relations by providing insights into future growth projections.
The board of directors of NextEra Energy declared a quarterly common stock dividend of $0.425 per share, payable on September 15, 2022. Shareholders of record on August 30, 2022 will receive the dividend. NextEra Energy is recognized as a leader in clean energy and owns Florida Power & Light, serving over 12 million people. It is also the world's largest generator of renewable energy, focusing on sustainable practices.
NextEra Energy Capital Holdings will conduct a remarketing of its Series J Debentures worth $1.5 billion due on Sept. 1, 2024, starting on Aug. 2, 2022. The successful remarketing will reset the interest rate to facilitate a price that meets or exceeds certain purchase prices. Proceeds will be used to buy U.S. Treasury securities or cash equivalents, ensuring the obligation to purchase NextEra Energy common stock by Sept. 1, 2022. Major banks involved include Barclays, Goldman Sachs, and Credit Suisse.
NextEra Energy, Inc. (NYSE: NEE) announced its second-quarter 2022 financial results on July 22, 2022. The company's report is accessible via its website. President John Ketchum and CFO Kirk Crews will discuss these results in a live webcast at 9 a.m. ET. NextEra Energy, headquartered in Juno Beach, Florida, serves over 12 million people through Florida Power & Light, the largest electric utility in the U.S. It is also a leader in renewable energy generation and battery storage, recognized for its sustainability efforts and corporate responsibility.
NextEra Energy Partners, LP (NYSE: NEP) announced the release of its second-quarter 2022 financial results, accessible via their website. The presentation, featuring CEO John Ketchum and CFO Kirk Crews, will provide insights into the partnership's performance and growth in the clean energy sector. NEP focuses on acquiring and managing renewable energy projects with long-term cash flows across the U.S., including wind, solar, and energy storage initiatives, alongside natural gas infrastructure in Texas and Pennsylvania.
NextEra Energy, Inc. (NYSE: NEE) has announced it will report its second-quarter 2022 financial results before the New York Stock Exchange opens on July 22, 2022. A news release will be available on its website, and an advisory will be issued via PR Newswire. The company's management, including CEO John Ketchum, will present and discuss the results in a live webcast starting at 9 a.m. ET on the same day. This presentation will also cover NextEra Energy Partners, LP (NYSE: NEP) results.
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