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 (NYSE: NEP) has agreed to acquire a 40% interest in a 1,000-MW renewables portfolio and a 100% interest in a 100-MW solar-plus-storage project from NextEra Energy Resources. The acquisition, valued at approximately $320 million, is projected to contribute $75-$85 million in adjusted EBITDA and $24-$29 million in cash available for distribution (CAFD) annually. Additionally, NextEra Energy Partners will secure around $1.1 billion in convertible equity portfolio financing, enhancing its balance sheet and providing access to $2.4 billion for future growth.
NextEra Energy, Inc. (NYSE: NEE) has released its third-quarter 2020 financial results, available on its website. The investor presentation will begin at 9 a.m. ET, detailing both NextEra Energy's and NextEra Energy Partners, LP's financial outcomes. NextEra is a prominent clean energy provider with vast operations in Florida, including Florida Power & Light Company, serving over 5.1 million customers. The company is recognized as a leader in renewable energy generation, particularly in wind and solar, and has received accolades for its sustainability efforts.
NextEra Energy Partners, LP (NYSE: NEP) has released its third-quarter 2020 financial results, which can be accessed on its website. The partnership engages in acquiring and managing clean energy projects that ensure stable cash flows. An investor presentation discussing the results will be webcast live at 9 a.m. ET today, including details on NextEra Energy, Inc. (NYSE: NEE). NextEra Energy Partners focuses on wind and solar projects across the U.S. and has natural gas assets in Texas and Pennsylvania.
On October 16, 2020, the board of NextEra Energy declared a quarterly dividend of $1.40 per share, which will be adjusted to $0.35 post a four-for-one stock split effective on October 26, 2020. The dividend is scheduled for payment on December 15, 2020, to shareholders recorded by November 27, 2020. NextEra Energy is a leading clean energy provider, owning Florida Power & Light and Gulf Power, serving over 5 million customer accounts.
NextEra Energy, Inc. (NYSE: NEE) will announce its third-quarter 2020 financial results on October 21, 2020, before market open. The results will be accessible via the company's website, with an advisory release on PR Newswire that same morning. An investor presentation with senior management, including CEO Jim Robo, will take place at 9 a.m. ET on the same day, discussing financials for both NextEra Energy and NextEra Energy Partners, LP (NYSE: NEP). A replay will be available for 90 days post-event.
NextEra Energy Partners, LP (NYSE: NEP) will report its third-quarter 2020 financial results on October 21, 2020, before the NYSE opens. The release will be available on its website. A live investor presentation will occur the same day at 9 a.m. ET, discussing results for NextEra Energy, Inc. (NYSE: NEE) as well. Financial results will be downloadable from the website beginning at 7:30 a.m. ET, with a replay available for 90 days.
NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) will have CEO Jim Robo present at the 2020 Wolfe Research Utilities & Midstream Conference on Sept. 30, 2020, at 11:45 a.m. ET. A live audio webcast and presentation materials will be accessible on their investor websites. NextEra Energy is a leader in clean energy, serving over 5 million customer accounts through its subsidiaries in Florida and is recognized for its sustainability efforts. NextEra Energy Partners focuses on owning contracted clean energy projects and natural gas infrastructure.
NextEra Energy Transmission, a subsidiary of NextEra Energy (NYSE: NEE), is set to acquire GridLiance Holdco and GridLiance GP for approximately $660 million, including debt assumption. Funding will partly come from NextEra's recent equity issuance. GridLiance, with about 700 miles of high-voltage lines, enhances transmission reliability and is positioned to benefit from the anticipated growth in renewable energy. The deal awaits regulatory approval, with a target closing date in 2021.
NextEra Energy Capital Holdings, a subsidiary of NextEra Energy (NYSE: NEE), has announced the redemption of all outstanding Series I and Series J Junior Subordinated Debentures on October 24, 2020. The Series I debentures, totaling $500 million, bear an interest rate of 5.125%, while the Series J debentures, totaling $450 million, have a 5.00% interest rate. Investors will receive the full principal amount along with accrued interest upon redemption. This move highlights NextEra's financial strategy in managing its debt obligations.
NextEra Energy (NYSE: NEE) announced a sale of $2.0 billion in equity units to BofA Securities and Barclays, expected to close on Sept. 18, 2020. Each unit, priced at $50, includes a contract for future common stock purchase and a 5% ownership interest in a debenture due Sept. 1, 2025. The total annual distributions on these units will be 6.219%. The net proceeds from the sale, approximately $1.94 billion, will fund various corporate purposes including energy projects and potential redemptions of junior subordinated debentures.
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