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NextEra Energy Inc. (NEE) generates news that matters to energy sector investors tracking both regulated utilities and the clean energy transition. As the largest electric utility holding company in the United States by market capitalization, announcements from NextEra carry weight across power markets, renewable energy development, and utility regulation.
The company's dual business structure produces distinct news streams worth monitoring. Florida Power & Light developments include rate case proceedings before the Florida Public Service Commission, infrastructure investments, and service territory updates affecting millions of Florida electricity customers. These regulatory decisions directly impact the utility's earnings capacity and operational outlook.
NextEra Energy Resources generates news around renewable energy project announcements, power purchase agreements with corporate and utility buyers, and expansion into new markets across North America. As the world's largest wind and solar generator, NEER's project pipeline and partnership announcements signal direction for the broader renewable energy industry. Major technology companies and utilities frequently appear as counterparties in these clean energy deals.
Nuclear power operations produce periodic news around plant performance, regulatory approvals, and license extensions. The company's nuclear fleet represents a significant carbon-free generation source that receives attention during energy policy discussions and capacity planning debates.
Quarterly earnings releases provide visibility into segment performance, with investors parsing results from both the regulated utility and competitive clean energy businesses. Dividend announcements reflect the company's capital return priorities, while investor day presentations outline long-term strategic direction. Follow this page to track NextEra Energy developments as they happen.
NextEra Energy Resources, along with First Student and First Transit, has announced a framework agreement to electrify thousands of school and public transportation vehicles in the U.S. and Canada. The collaboration aims to enhance air quality and promote zero-emission vehicles. With First Student's fleet of 43,000 buses and 500 depots, along with NextEra's clean energy expertise, they anticipate significant progress in electrification. This initiative aligns with North America's largest student transportation market, representing opportunities for clean energy integration and improved community health.
NextEra Energy, Inc. (NYSE: NEE) released its fourth-quarter and full-year 2020 financial results on January 26, 2021. The comprehensive report is accessible on their website. The company, a leader in clean energy, operates Florida Power & Light, serving over 5.6 million customer accounts. NextEra is the largest renewable energy generator in the world, with significant achievements in battery storage and nuclear power generation across multiple states. The live investor presentation discussing these results is available at the same online link.
NextEra Energy Partners, LP (NYSE: NEP) has released its fourth-quarter and full-year 2020 financial results, available on its website. The company continues to focus on acquiring and managing contracted clean energy projects, ensuring stable cash flows. An investor presentation will be held at 9 a.m. ET today, discussing both NEP and NextEra Energy, Inc. (NYSE: NEE) results. Interested parties can access a replay of the presentation for 90 days.
NextEra Energy Partners, LP (NYSE: NEP) will release its fourth-quarter and full-year 2020 financial results on January 26, 2021, before the NYSE opens. The results will be accessible on their website, with a related advisory release also issued. A live investor presentation discussing the results will occur at 9 a.m. ET on the same day. The presentation will include insights on NextEra Energy, Inc. (NYSE: NEE). The webcast will be available for replay for 90 days thereafter.
NextEra Energy (NYSE: NEE) will report its fourth-quarter and full-year 2020 financial results on January 26, 2021, before the NYSE opens. A news release will be posted on NextEraEnergy.com/FinancialResults. An investor presentation will follow at 9 a.m. ET, covering results for both NextEra Energy and NextEra Energy Partners, LP (NYSE: NEP). The presentation will be available via live webcast on the company's website. Financial data will also be downloadable starting at 7:30 a.m. ET the same day.
NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) will engage in investor meetings throughout January to discuss growth rate expectations. NextEra Energy anticipates adjusted earnings per share for 2023 to be between $2.77 and $2.97. Additionally, NextEra Energy Partners expects a long-term distribution per unit growth rate of 12% to 15% through at least 2024. NextEra is a leader in clean energy, owning the largest rate-regulated electric utility in the U.S. and generating substantial renewable energy.
Florida Power & Light Company (FPL) announced plans to file a formal request for new base rates, proposing a four-year rate plan starting January 2022. This request, expected to be submitted in March, aims to adjust base annual revenue by approximately $1.1 billion in 2022 and $615 million in 2023. Despite the proposed increases, customer bills are projected to remain below the national average, following a 10% decrease over the past 15 years. FPL plans over $29 billion in infrastructure investments through 2022 to enhance reliability and reduce emissions.
NextEra Energy Resources announced the acquisition of eIQ Mobility, a leader in mobility planning solutions, on December 8, 2020. This acquisition positions NextEra to offer comprehensive fleet assessments, aiding customers in transitioning to electric and hydrogen vehicles. With the rise in demand for sustainable solutions, eIQ Mobility's expertise in vehicle and energy analytics will help clients optimize fleet conversions, minimizing costs and emissions. This strategic move is anticipated to enhance NextEra's service offerings across commercial and municipal sectors, aligning with their clean energy goals.
NextEra Energy Partners, LP (NYSE: NEP) has priced a private placement of $600 million in 0% convertible senior notes due 2025, set to close on December 3, 2020. The notes offer a conversion rate at a 20% premium over NEP's recent $63.47 closing price. Proceeds will be primarily used to redeem existing 4.25% senior notes due 2024 and cover capped call transaction costs. NEP estimates net proceeds of approximately $589.5 million. The offering is targeted at qualified institutional buyers under Rule 144A of the Securities Act.
NextEra Energy Partners, LP (NYSE: NEP) announced a private placement of $600 million in convertible senior notes due 2025, targeting qualified institutional buyers. The notes allow holders to convert into cash or common units and are guaranteed by NextEra Energy Operating Partners. Proceeds will be used to redeem 4.25% senior notes due 2024 and fund capped call transactions. These notes are not registered under the Securities Act, limiting their transferability. Forward-looking statements include expectations on cash distributions and EBITDA but are subject to various market risks.
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