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NextEra Energy reports news on a North American electric power and energy infrastructure business built around Florida Power & Light Company and NextEra Energy Resources. Recurring updates cover regulated utility operations in Florida, energy infrastructure development, financial results, investor presentations, and capital actions tied to common stock, equity units, debentures, and project funding.
Company news also covers generation and infrastructure themes across natural gas, nuclear power, renewable energy, and battery storage. Florida Power & Light developments include utility service, nuclear-plant licensing and operations, and power-supply planning, while NextEra Energy Resources updates center on large-scale energy development and customer demand for new generation.
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.
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NextEra Energy, Inc. (NYSE: NEE) announced the release of its fourth-quarter and full-year 2022 financial results on January 25, 2023. The company, known for being a leader in clean energy, provides electricity to over 12 million people across Florida through its subsidiary Florida Power & Light Company. NextEra Energy is also a major player in renewable energy generation, being the world's largest producer from wind and solar sources. Key financial metrics and insights will be discussed in an investor presentation beginning at 9 a.m. ET, which will also cover results for NextEra Energy Partners, LP (NYSE: NEP). For detailed results, visit www.NextEraEnergy.com/FinancialResults.
NextEra Energy, Inc. (NYSE: NEE) announced leadership changes as Eric Silagy, CEO of Florida Power & Light Company (FPL), plans to retire after 20 years, including 11 years at FPL. Armando Pimentel has been appointed as his successor, effective Feb. 15, 2023, bringing prior experience as CFO for NextEra and FPL. John Ketchum, CEO of NextEra, will serve as chairman of FPL. Silagy praised Florida's transformation under his leadership and expressed confidence in FPL's future. The changes aim to sustain the company's commitment to providing reliable, low-cost energy to over 12 million Floridians.
NextEra Energy Partners, LP (NYSE: NEP) released its fourth-quarter and full-year 2022 financial results on January 25, 2023. The company's earnings and revenue details can be accessed via their website. During a live investor presentation, key executives will discuss these results, including insights related to NextEra Energy, Inc. (NYSE: NEE). NextEra Energy Partners focuses on acquiring and managing contracted clean energy projects that provide stable cash flows, with operations across wind, solar, and energy storage technologies in the U.S., as well as natural gas infrastructure in Texas and Pennsylvania.
Florida Power & Light Company filed a proposal with the Florida Public Service Commission on January 23, 2023, to adjust rates to recover costs related to two hurricanes and natural gas price volatility. The proposal suggests spreading unrecovered fuel costs from 2022 over 21 months and recovery of storm costs over 12 months. Despite a projected increase of approximately 10% for a typical 1,000-kWh residential bill from April 2023, the bill would remain below the national average. The plan aims to mitigate the impact of these costs while ensuring customer bills stay manageable amid fluctuating energy costs.
NextEra Energy, Inc. (NYSE: NEE) will report its fourth-quarter and full-year 2022 financial results on January 25, 2023, before the NYSE opens. A news release will be available on the company's website. An investor presentation, starting at 9 a.m. ET on the same day, will discuss these results, including those of NextEra Energy Partners, LP (NYSE: NEP). The financial results and presentation slides will be accessible from 7:30 a.m. ET on the release day, with a replay available for 90 days.
NextEra Energy Partners, LP (NYSE: NEP) will announce its Q4 and full-year 2022 financial results prior to the NYSE opening on Jan. 25, 2023. A news release will be available on its website. An investor presentation, including discussions on NextEra Energy, Inc. (NYSE: NEE) results, will take place at 9 a.m. ET on the same day. The presentation can be accessed via the company’s website, with results and slides downloadable starting at 7:30 a.m. ET.