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 Partners, LP (NYSE: NEP) will report its second-quarter 2022 financial results before the NYSE opens on July 22, 2022. The results will be accessible on the company's website, with an advisory news release to follow. An investor presentation will occur on the same day at 9 a.m. ET, where executives will discuss the financial outcomes, including insights about NextEra Energy, Inc. (NYSE: NEE). The webcast will be available for listening on their website, and results can be downloaded starting at 7:30 a.m. ET.
NextEra Energy, Inc. (NYSE: NEE) hosted an investor conference on June 14, 2022, announcing an increase in its adjusted earnings per share (EPS) expectations for 2022 through 2025. The new EPS guidance ranges from $2.80 to $2.90 for 2022, $2.98 to $3.13 for 2023, $3.23 to $3.43 for 2024, and $3.45 to $3.70 for 2025. This guidance excludes various adjustments, such as the effects of new accounting standards and unrealized gains. The company emphasized a stable outlook, contingent on favorable macroeconomic conditions and operational performance.
NextEra Energy (NYSE: NEE) has launched its Real Zero initiative, aiming to eliminate all scope 1 and scope 2 carbon emissions by 2045. This ambitious goal includes significant investments and the deployment of diverse renewable energy sources, including wind, solar, and green hydrogen. The Zero Carbon Blueprint will guide these efforts, promoting economic growth with the potential to create up to 150,000 jobs in Florida and add $15 billion to the state's GDP by 2045. NextEra's plan also emphasizes energy affordability, reliability, and the reduction of fuel price volatility for customers.
NextEra Energy Partners (NEP) announced significant updates during an investor conference on June 14, 2022. The company projects an annualized growth in distributions per unit of 12% to 15% through 2025, starting from a Q4 2021 distribution rate of $2.83. A key agreement with NextEra Energy (NEE) modifies incentive distribution rights fees, fixing them at $157 million annually. Additionally, NEP raised its year-end 2022 adjusted EBITDA expectations to between $1.785 billion and $1.985 billion, along with cash available for distribution (CAFD) estimates of $685 million to $775 million.
NextEra Energy's CEO, John Ketchum, praised the Biden administration's two-year pause on new solar tariffs, recognizing it as a significant move to stabilize the solar industry. Ketchum emphasized the importance of this decision in overcoming recent trade uncertainties and expressed commitment to enhancing U.S. solar manufacturing. NextEra Energy, a leader in clean energy, manages the largest electric utility in the U.S. and is known for its extensive renewable energy generation capabilities, including wind and solar.
NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) will host an investor conference on June 14 from 8:30 a.m. to 12:30 p.m. ET in New York City. The event will include discussions on earnings expectations for NextEra Energy and distribution projections for NextEra Energy Partners. Presentation materials will be available starting at 8 a.m. ET on their respective websites, along with a live audio webcast. A replay of the conference will be accessible for 30 days thereafter.
NextEra Energy, Inc. (NYSE: NEE) announced a quarterly common stock dividend of $0.425 per share, payable on June 15, 2022. Shareholders on record as of May 31, 2022 will be eligible for this payment.
NextEra Energy is recognized as a leading clean energy provider in the U.S., operating Florida Power & Light Company and being the largest generator of renewable energy globally. The company has achieved high rankings for sustainability and corporate responsibility, enhancing its investor appeal.
Florida Power & Light Company has finalized an agreement with Duke Energy Florida, keeping the North Florida Resiliency Connection (NFRC) on track to commence operations by the end of July 2022. This state-of-the-art transmission line will connect FPL's energy grid to Northwest Florida, enhancing grid resilience and enabling about $1.5 billion in system benefits from combined fleet operations. The NFRC's construction is timely as the 2022 Atlantic hurricane season begins June 1, aimed at improving reliability and storm response.
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