Nextera Energy Inc Stock Price, News & Analysis

NextEra Energy, Inc. (NYSE: NEE) has entered an agreement to sell a 50% non-controlling interest in a 2,520 MW portfolio of contracted renewable energy assets to the Ontario Teachers' Pension Plan Board. This transaction will generate approximately $849 million in proceeds and will enable NextEra to redeploy capital into new renewable projects. The deal is projected to provide ongoing annual fee income of about $16 million, increasing over time, and is expected to be accretive to earnings, enhancing shareholder value.

NextEra Energy Capital Holdings, Inc., a subsidiary of NextEra Energy (NYSE: NEE), will redeem all outstanding Series K Junior Subordinated Debentures due June 1, 2076, on December 22, 2021. The redemption price is set at 100% of the principal amount, totaling $570 million, plus accrued interest of $0.0765625 per debenture. Investors must surrender the debentures for payment on or after the redemption date. This action reflects NextEra's commitment to financial management and may impact cash flow.

NextEra Energy Transmission New York, a subsidiary of NextEra Energy (NYSE: NEE), has submitted several proposals called New York Renewable Connect in response to NYISO's offshore wind energy initiative. These proposals aim to enhance the transmission grid for Long Island and Southeastern New York, supporting the state's renewable energy goals. They include cost containment provisions to minimize financial risk for customers. NextEra has experience with significant projects, including the Empire State Line, which will enable substantial renewable energy imports and contribute to New York's clean energy efforts.

NextEra Energy Partners, LP (NYSE: NEP) announced that its resale registration statement on Form S-3 is expected to be effective on or about Dec. 3, 2021. This statement will allow the resale of common units convertible from $600 million in 0% convertible senior notes due 2025, originally issued on Dec. 3, 2020. Holders must submit a securityholder notice by Nov. 18, 2021, to be included in the registration. This registration does not constitute an offer to sell or buy securities until effective.

Florida Power & Light and GE Digital have inaugurated the Microgrid Control Lab at the University of Central Florida. This advanced facility aims to provide engineering students with hands-on experience in grid control operations, emphasizing the importance of renewable energy sources for grid stability. The lab will support over 1,400 students in electrical or computer engineering, enhancing their skills for future careers in the energy sector. GE Digital also announced a new internship program to prepare students for roles in utilities and power sectors.

NextEra Energy (NYSE: NEE) and NextEra Energy Partners (NYSE: NEP) will participate in the EEI Financial Conference from Nov. 7 to 9, 2021, engaging in investor meetings throughout November and December. The management team plans to discuss long-term growth rate expectations for both companies. NextEra Energy is recognized as a leader in renewable energy generation and serves over 5.6 million customer accounts through its subsidiary, Florida Power & Light. Interested parties can access presentation materials on the respective investor websites.

NextEra Energy Transmission, a subsidiary of NextEra Energy (NYSE: NEE), has submitted multiple proposals called the New Jersey Seawind Connector to the PJM State Agreement Approach Proposal Window. These proposals aim to help New Jersey meet its energy needs while minimizing environmental impacts. They promise reliable wind energy delivery at significant cost savings for New Jersey's electric customers. With a strong track record in infrastructure projects, NextEra Energy is well-positioned to support the development of a large transmission network.

NextEra Energy Transmission has been awarded the Wolf Creek-Blackberry transmission line project by the Southwest Power Pool (SPP). This 94-mile, 345-kilovolt line will connect Kansas and Missouri, aiming to address regional economic needs. The project is expected to be operational by January 2025, pending regulatory approvals in both states. This award aligns with NextEra's strategy to expand its portfolio of high-quality regulated assets and establishes the company as a competitive transmission operator in the U.S.

NextEra Energy (NYSE: NEE) has partnered with the American Indian Graduate Center to launch a new scholarship program aimed at Native students pursuing energy and STEM degrees. The NextEra Energy Scholarship Program will award 15 scholarships of $5,000 annually for three years, focusing on education that addresses Tribal priorities like climate change and cultural preservation. This collaboration aims to empower Native leaders and support their academic endeavors in energy and environmental fields, reinforcing NextEra's commitment to community engagement and sustainable development.