Nextra Energy, Inc. - NEE STOCK NEWS

NextEra Energy, Inc. (NYSE: NEE) has released its first-quarter 2023 financial results, available on its website. The company, a leader in clean energy, provides electricity to over 12 million Floridians through Florida Power & Light Company. The results will be discussed in a live investor presentation at 9 a.m. ET, also accessible on their website. NextEra Energy is recognized for its commitment to sustainability and innovation, leading the industry in renewable energy generation and battery storage. With a continued focus on clean, affordable electricity, the company is well-positioned for future growth. The investor presentation will also cover the financials of NextEra Energy Partners, LP (NYSE: NEP). For further details, visit their financial results page.

NextEra Energy Partners, LP (NYSE: NEP) reported its first-quarter 2023 financial results on April 25, 2023. The results can be viewed on the company's website. During an investor presentation at 9 a.m. ET, management, including CEO John Ketchum and CFO Kirk Crews, will discuss these results, which will also touch upon NextEra Energy, Inc. (NYSE: NEE). NextEra Energy Partners focuses on acquiring and managing clean energy projects with stable cash flows and operates geographically diverse wind, solar, and energy storage projects across the U.S., along with natural gas infrastructure in Texas and Pennsylvania.

CF Industries Holdings, Inc. (NYSE: CF) and NextEra Energy Resources, LLC have signed a memorandum of understanding for a joint venture to develop a zero-carbon hydrogen project at CF's Verdigris Complex in Oklahoma. This project aims to establish a 100 MW electrolysis plant powered by a 450 MW renewable energy facility, producing up to 100,000 tons of zero-carbon green ammonia annually. The project is part of the HALO Hydrogen Hub's funding application to the U.S. Department of Energy, which is crucial for progressing the initiative. CF Industries expects this venture to help in reducing carbon dioxide emissions in the agriculture sector by 130,000 metric tons annually, supporting the transition to low-carbon fertilizers.

NextEra Energy, Inc. (NYSE: NEE) will report its first-quarter 2023 financial results on April 25, 2023, before the NYSE opens. The results will be available on their website, and an advisory release will be issued via PR Newswire on the same day. A live webcast of the results discussion will begin at 9 a.m. ET on April 25, where CEO John Ketchum and CFO Kirk Crews will present. Key metrics from NextEra Energy Partners, LP (NYSE: NEP) will also be included. The company's clean energy initiatives include Florida Power & Light Company, which serves over 12 million people, and their renewable energy projects, making them the world's leading generator in this sector.

NextEra Energy Partners, LP (NYSE: NEP) has announced it will release its first-quarter 2023 financial results on April 25, 2023, before the New York Stock Exchange opens. The financial data will be shared via a news release posted on their website. A live webcast of the investor presentation will follow at 9 a.m. ET on the same day, where management will discuss both NEP's and its parent company NextEra Energy, Inc. (NYSE: NEE) results. Results will be available online starting at 7:30 a.m. ET on April 25, with a replay accessible for 90 days. NextEra Energy Partners focuses on acquiring and managing clean energy projects, contributing to sustainable long-term cash flows.

On April 4, 2023, state regulators approved a decrease in Florida Power & Light Company's rates starting May, reflecting a projected $379 million reduction in fuel charges due to lower natural gas prices. The average residential customer's bill will drop by approximately 3% from May through December, while typical business customers will see a decrease of 3% to 4%. FPL emphasizes its commitment to customer savings amid rising costs and encourages energy efficiency practices. The company serves around 5.8 million accounts and is recognized for its reliable and clean energy generation.

NextEra Energy Partners, LP (NYSE: NEP) announced it exercised its option to purchase 25% of minority equity in its 2019 STX Midstream financing from EIG for approximately $200 million. This transaction was completed by funding $150 million from the sale of common units and a draw on its credit facility. The company expects annualized distributions to grow by 12% to 15% through 2026, with projections of $3.64 to $3.74 per unit by February 2024. By the end of 2023, it anticipates adjusted EBITDA between $2.22 billion to $2.42 billion and CAFD between $770 million to $860 million.

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.