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.
On January 25, 2022, NextEra Energy announced a leadership succession plan, effective March 1, 2022. John Ketchum, a veteran of 19 years, will become president and CEO, succeeding Jim Robo, who will transition to executive chairman. Other key appointments include Eric Silagy as chairman of Florida Power & Light and Rebecca Kujawa as CEO of NextEra Energy Resources. The company raised its 2022 adjusted earnings per share guidance to $2.75-$2.85. Looking ahead, NextEra expects 6-8% annual growth in adjusted earnings per share through 2025.
NextEra Energy Partners has announced the appointment of John Ketchum as CEO effective March 1, 2022, following a planned leadership transition. Jim Robo will remain chairman until the annual meeting on April 20, 2022, at which point Ketchum is expected to take over as chair. Other leadership changes include Rebecca Kujawa as president and Kirk Crews as CFO. The announcement includes revised expectations for year-end 2021 run-rate adjusted EBITDA between $1.635 billion and $1.795 billion, and an anticipated distribution growth of 12% to 15% through 2024.
NextEra Energy Resources announced that JPMorgan Chase will utilize its Optos software platform to optimize energy use and reduce carbon emissions. Optos employs AI and blockchain technology to assess and match energy demand with available clean resources. JPMorgan Chase aims to reduce its Scope 1 and 2 greenhouse gas emissions by 40% by 2030 and targets 70% renewable energy solutions by 2025. ClearTrace will assist in tracking energy transactions to help JPMorgan achieve its sustainability goals.
NextEra Energy, Inc. (NEE) has announced that it will disclose its fourth-quarter and full-year 2021 financial results on January 25, 2022, prior to the NYSE opening. The financial results will be accessible on the company’s website. A live investor presentation will follow at 9 a.m. ET on the same day, featuring discussions on the results of both NextEra Energy and NextEra Energy Partners, LP (NEP). Financial documents will be downloadable by 7:30 a.m. ET on the results release day, and a replay will be available for 90 days.
NextEra Energy Partners, LP (NYSE: NEP) will report its fourth-quarter and full-year 2021 financial results on Jan. 25, 2022, before the NYSE opens. The results will be available on its website, accompanied by a live investor presentation at 9 a.m. ET on the same day. Senior management, including CEO Jim Robo and CFO Rebecca Kujawa, will discuss the outcomes, including those of NextEra Energy, Inc. (NYSE: NEE). A replay of the webcast will be available for 90 days, ensuring stakeholders can access the crucial insights into the company’s financial performance.
OPAL Fuels and ArcLight Clean Transition Corp. II announced a definitive agreement for a business combination that will take OPAL Fuels public, with the new company to be named OPAL Fuels Inc. and listed on Nasdaq under ticker 'OPL'. This transaction values OPAL Fuels at an implied enterprise value of $1.75 billion. Expected gross proceeds of approximately $536 million will support OPAL Fuels' growth in renewable natural gas (RNG) production, targeting significant revenue growth. The merger is aimed at enhancing sustainability in transportation by using RNG, which offers cost savings and reduced carbon emissions.
NextEra Energy, Inc. (NYSE: NEE) has entered an agreement to sell a 50% non-controlling interest in a 2,520 MW portfolio of contracted renewable energy assets to the Ontario Teachers' Pension Plan Board. This transaction will generate approximately $849 million in proceeds and will enable NextEra to redeploy capital into new renewable projects. The deal is projected to provide ongoing annual fee income of about $16 million, increasing over time, and is expected to be accretive to earnings, enhancing shareholder value.
NextEra Energy Capital Holdings, Inc., a subsidiary of NextEra Energy (NYSE: NEE), will redeem all outstanding Series K Junior Subordinated Debentures due June 1, 2076, on December 22, 2021. The redemption price is set at 100% of the principal amount, totaling $570 million, plus accrued interest of $0.0765625 per debenture. Investors must surrender the debentures for payment on or after the redemption date. This action reflects NextEra's commitment to financial management and may impact cash flow.
NextEra Energy Transmission New York, a subsidiary of NextEra Energy (NYSE: NEE), has submitted several proposals called New York Renewable Connect in response to NYISO's offshore wind energy initiative. These proposals aim to enhance the transmission grid for Long Island and Southeastern New York, supporting the state's renewable energy goals. They include cost containment provisions to minimize financial risk for customers. NextEra has experience with significant projects, including the Empire State Line, which will enable substantial renewable energy imports and contribute to New York's clean energy efforts.
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