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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 Resources announced that JPMorgan Chase will utilize its Optos software platform to optimize energy use and reduce carbon emissions. Optos employs AI and blockchain technology to assess and match energy demand with available clean resources. JPMorgan Chase aims to reduce its Scope 1 and 2 greenhouse gas emissions by 40% by 2030 and targets 70% renewable energy solutions by 2025. ClearTrace will assist in tracking energy transactions to help JPMorgan achieve its sustainability goals.
NextEra Energy, Inc. (NEE) has announced that it will disclose its fourth-quarter and full-year 2021 financial results on January 25, 2022, prior to the NYSE opening. The financial results will be accessible on the company’s website. A live investor presentation will follow at 9 a.m. ET on the same day, featuring discussions on the results of both NextEra Energy and NextEra Energy Partners, LP (NEP). Financial documents will be downloadable by 7:30 a.m. ET on the results release day, and a replay will be available for 90 days.
NextEra Energy Partners, LP (NYSE: NEP) will report its fourth-quarter and full-year 2021 financial results on Jan. 25, 2022, before the NYSE opens. The results will be available on its website, accompanied by a live investor presentation at 9 a.m. ET on the same day. Senior management, including CEO Jim Robo and CFO Rebecca Kujawa, will discuss the outcomes, including those of NextEra Energy, Inc. (NYSE: NEE). A replay of the webcast will be available for 90 days, ensuring stakeholders can access the crucial insights into the company’s financial performance.
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OPAL Fuels and ArcLight Clean Transition Corp. II announced a definitive agreement for a business combination that will take OPAL Fuels public, with the new company to be named OPAL Fuels Inc. and listed on Nasdaq under ticker 'OPL'. This transaction values OPAL Fuels at an implied enterprise value of $1.75 billion. Expected gross proceeds of approximately $536 million will support OPAL Fuels' growth in renewable natural gas (RNG) production, targeting significant revenue growth. The merger is aimed at enhancing sustainability in transportation by using RNG, which offers cost savings and reduced carbon emissions.
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.