Statement by NextEra Energy, Inc. President and CEO and NextEra Energy Partners, LP CEO John Ketchum on Biden administration steps to ease solar tariffs

Rhea-AI Summary

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.

Positive

• Biden administration's two-year pause on solar tariffs supports recovery in the solar industry.
• NextEra Energy is positioned as a leader in U.S. solar manufacturing.

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• None.

JUNO BEACH, Fla., June 6, 2022 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) President and CEO and NextEra Energy Partners (NYSE: NEP) CEO John Ketchum issued the following statement regarding today's announcement on solar tariffs.

"The Biden administration's announcement of a two-year pause on new solar tariffs is an important step to help the solar industry recover from the uncertainty of the last three months. I want to thank the administration for recognizing the challenges that trade uncertainty presents to our industry and the country and for taking this important action. NextEra Energy has and will continue to use our industry leadership to support more U.S. solar manufacturing. We look forward to working with the administration on this effort and putting hard working Americans back to work in the solar industry."  

NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is the largest vertically integrated rate-regulated electric utility in the United States as measured by retail electricity produced and sold, and serves more than 5.7 million customer accounts, supporting more than 11 million residents across Florida with clean, reliable and affordable electricity. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire and Wisconsin. NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry on Fortune's 2022 list of "World's Most Admired Companies," recognized on Fortune's 2021 list of companies that "Change the World" and received the S&P Global Platts 2020 Energy Transition Award for leadership in environmental, social and governance. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.

NextEra Energy Partners, LP
NextEra Energy Partners, LP (NYSE: NEP) is a growth-oriented limited partnership formed by NextEra Energy, Inc. (NYSE: NEE). NextEra Energy Partners acquires, manages and owns contracted clean energy projects with stable, long-term cash flows. Headquartered in Juno Beach, Florida, NextEra Energy Partners owns interests in geographically diverse wind, solar and energy storage projects in the U.S. as well as natural gas infrastructure assets in Texas and Pennsylvania. For more information about NextEra Energy Partners, please visit: www.NextEraEnergyPartners.com.

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SOURCE NextEra Energy, Inc.; NextEra Energy Partners, LP

FAQ

What did NextEra Energy's CEO say about solar tariffs on June 6, 2022?

John Ketchum, CEO of NextEra Energy, expressed appreciation for the Biden administration's two-year pause on new solar tariffs, stating it is crucial for the solar industry's recovery.

How does the solar tariff pause affect NextEra Energy and NextEra Energy Partners?

The pause is expected to stabilize the solar market, empowering NextEra Energy and NextEra Energy Partners to expand their solar manufacturing initiatives.

What is NextEra Energy's position in the renewable energy sector?

NextEra Energy is the world's largest generator of renewable energy from wind and solar, solidifying its leadership in the clean energy sector.

What is the significance of the two-year pause on solar tariffs for investors in NEE and NEP?

The pause provides clarity and stability in the solar market, potentially boosting the investment outlook for NextEra Energy (NEE) and NextEra Energy Partners (NEP).

How many customer accounts does Florida Power & Light serve?

Florida Power & Light, owned by NextEra Energy, serves over 5.7 million customer accounts.