Nextera Energy Inc Stock Price, News & Analysis

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.

Florida Power & Light Company announced a proposal to reduce customer fuel charges by $379 million, effective May, to mitigate bill increases related to hurricane restoration and high fuel costs. The plan aims to lower the typical residential bill by $4.43 monthly through December. This follows a previous proposal to cut charges by $1 billion in response to decreasing natural gas prices. FPL's commitment to energy independence has saved customers over $14 billion in costs and significantly reduced carbon emissions. In 2022, FPL's solar fleet avoided $375 million in fuel costs, emphasizing its shift towards clean energy.

NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announced participation in investor meetings at the end of February and throughout March 2023. The management team will discuss long-term growth expectations for both companies. Presentations can be accessed by investors online. NextEra Energy, a leading clean energy provider, operates Florida Power & Light Company, serving over 12 million people, and is recognized for its sustainability efforts. NEP is focused on acquiring and managing contracted clean energy projects, with a strong cash flow outlook.

NextEra Energy announced the settlement rate for stock purchase contracts linked to corporate units issued in February 2020. Each holder will receive 0.6676 shares of common stock for each contract, with cash for fractional shares. This settlement, effective March 1, 2023, follows a payment of $50.00 per unit held. Additionally, NextEra will receive $2.5 billion for 33.38 million shares of common stock upon settling the contracts. Furthermore, on March 1, 2023, holders will receive a final quarterly cash distribution of $0.659875 per unit. The move underscores NextEra's operational strategy and financial management.

The board of directors of NextEra Energy (NYSE: NEE) declared a quarterly dividend of $0.4675 per share, marking a 10% increase from the previous year. This increase aligns with the company’s goal of achieving approximately 10% annual growth in dividends through at least 2024. The dividend will be paid on March 15, 2023, to shareholders of record by February 28, 2023. NextEra Energy, headquartered in Juno Beach, Florida, is recognized as a leader in clean energy, providing reliable electricity to over 12 million people in Florida.

NextEra Energy Capital Holdings announced a remarketing of its Series K Debentures due March 1, 2025, totaling $2.5 billion. This process will occur on February 22, 2023, and potentially the following business days. The interest rate on the debentures will be reset if the remarketing is successful, effective March 1, 2023. Proceeds will fulfill obligations under the Purchase Contract Agreement, allowing holders to buy NextEra Energy common stock. Remarketing agents include J.P. Morgan, Wells Fargo, and BofA Securities.