Latest news with #NextEraEnergyResources
Yahoo
7 days ago
- Business
- Yahoo
NextEra Energy: Built for Long-Term Growth?
NextEra Energy is the largest regulated electric utility traded on American exchanges. The nature of its operations will appeal to conservative investors looking for resilient businesses. There are ample opportunities available for the company to pursue continued growth. 10 stocks we like better than NextEra Energy › Forget the allure of companies promising groundbreaking innovations. While some of these may, in fact, provide handsome returns, the savviest investors know that the road to greater personal wealth is largely paved with tried-and-true stocks that can provide a firm foundation for one's portfolio -- stocks like utility powerhouse NextEra Energy (NYSE: NEE). But it's not only the fact that NextEra Energy stock has outperformed the market for the past two decades that makes it an alluring attraction. Between management's steadfast commitment to rewarding shareholders -- its dividend currently offers a forward yield over 3% -- and the company's conservative business model, NextEra Energy will appeal to those looking to fortify their portfolios. Since there are so many things to like about the stock, it's worth asking if the company has the power to prosper over the long term. One of the largest regulated electric utilities in North America, NextEra Energy primarily generates revenue from its two businesses: Florida Power and Light (FPL) and NextEra Energy Resources. With over six million customers, FPL mostly serves retail customers, while NextEra Energy Resources operates renewable energy assets throughout the United States. The conservative nature of the company's business is demonstrated in two distinct ways. Because FPL is a regulated utility, NextEra Energy is guaranteed certain rates of return on its Sunshine State operations by the Florida Public Service Commission. Similarly, NextEra Energy Resources also represents a low-risk business. From solar power to battery storage to wind power to nuclear power, NextEra Energy Resources has a diversified portfolio of clean energy assets totaling about 38 gigawatts (GW). The company inks long-term power-purchase agreements (PPAs) with customers in wholesale electricity markets to which it sells the energy, capacity, credits, and other products. While the nature of NextEra Energy's business model should light up the eyes of investors who are seeking reliable companies, management's adept ability to generate profits will make them downright sparkle. Averaging an annual earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 51.8% from 2020 through 2024, NextEra Energy has consistently demonstrated superior profitability on an EBITDA margin basis over the past 10 years compared to its closest peers based on market capitalization: Southern Company and Duke Energy. Besides its strong EBITDA margin, NextEra Energy's proficiency in growing operating cash flow further differentiates it from its peers. Of course, it bears remembering that simply because the company has succeeded in these regards over the past decade doesn't guarantee similar growth over the next decade; however, it's certainly an auspicious sign that's worthy of recognition. Moreover, NextEra Energy has averaged a payout ratio of 81% over the past five years, and the company has hiked the dividend higher for more than 30 consecutive years -- all of which should help assuage the concerns. To ensure that NextEra Energy achieves growth in the coming year, investors can expect management to pull several levers. For one, the company will certainly petition the Florida Public Service Commission to raise rates on its regulated electric utility customers. Already, the company has proposed raising base rates by about $1.6 billion and $0.9 billion for 2026 and 2027, respectively. Another growth option for the company is the advancement of projects that currently are in the backlog of NextEra Energy Resources. In 2024, NextEra Energy Resources added about 1.4 GW of wind-generating capacity, 2.5 GW of solar-generating capacity, and 0.8 GW of battery-storage capacity. As of late April 2025, NextEra Energy had a backlog of renewable energy projects that totaled 28 GW and 300 GW in the pipeline. Lastly, the company can grow through acquisitions as it has repeatedly done in the past. In 2019, for example, NextEra Energy added about 470,000 customers when it acquired Southern Company's regulated electricity business Gulf Power, which operates in northwestern Florida, for about $4.4 billion. Growing its electricity transmission business, NextEra Energy completed a $502 million acquisition of GridLiance in 2021. From the opportunities to expand its renewable energy portfolio to its ability to grow its regulated electricity business through rate increases and acquisitions, it's clear that NextEra Energy has the capacity to continue growing in the coming years. And with the stock trading in early June at 11.4 times operating cash flow, a discount to its five-year average cash-flow multiple of 14.9, now seems like a great time to click the buy button. Before you buy stock in NextEra Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and NextEra Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends NextEra Energy. The Motley Fool recommends Duke Energy. The Motley Fool has a disclosure policy. NextEra Energy: Built for Long-Term Growth? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
20250604 - NextEra Energy: A Misunderstood Growth Machine
It's not easy to find bargains among well-established corporate giants. However, Mr. Market sometimes presents such opportunities to prudent investors. The renewable energy sector has taken a beating since President Trump's victory in November as he has made his intentions clear to support the fossil fuel sector. NextEra Energy, Inc. (NYSE:NEE), which owns the largest electric utility in the United States (Florida Power & Light Company) and also one of the leading clean energy companies in the world (NextEra Energy Resources) has also come under pressure as a result, losing over 6% of its market value in 2025 alone. A deeper dive into the company's supply chain reveals NextEra is largely immune to tariffs, making it a contrarian play in the renewable energy sector. The reasonable valuation of the company sweetens the deal, while attractive long-term macroeconomic prospects suggest a long runway for NextEra to grow. Warning! GuruFocus has detected 9 Warning Signs with NEE. NextEra Energy, headquartered in Florida, is the parent company of both Florida Power & Light and NextEra Energy Resources. Based on retail electricity sold, FPL is the largest rate-regulated utility in the U.S., serving approximately 12 million customers in Florida. NEER, on the other hand, serves the wholesale energy markets in both the U.S. and Canada and is the world's largest wind and solar projects operator. The company also has a battery storage business. Through FPL and NEER, NextEra maintains a well-diversified energy portfolio consisting of wind, solar, nuclear power, and even natural gas. Before moving on to discuss the long-term outlook for NextEra, it is important to address the tariff threats facing the renewable energy industry that have dampened the investor sentiment toward NextEra stock. On April 21, the U.S. Department of Commerce announced its study results from an investigation of antidumping duties on solar cells imported from several Southeast Asian nations, including Cambodia, Malaysia, Thailand, and Vietnam. Based on the findings, the Commerce Department recommended substantial tariffs on crystalline photovoltaic cells imported from these countries. For context, several Cambodian companies are expected to see tariffs exceeding a staggering 3,400%, while almost all other exporters representing Southeast Asian nations are expected to see tariffs exceeding 100%. The International Trade Administration is expected to announce its final determination on these tariffs by June 2, in less than a month. Southeast Asian nations have played a critical role in helping solar project costs remain low for Americans for years. In 2023, the four main countries targeted by the latest round of U.S. tariffs exported almost $12 billion worth of solar modules to the United States. Exhibit 1: Import statistics Source: International Trade Administration Newly announced tariffs are likely to make it more expensive for Americans to access solar power. However, NextEra Energy is in a unique position to show resilience from these tariffs compared to many of its peers that are heavily reliant on solar modules imported from Southeast Asia. First, NextEra Energy has commendably managed its supply chain efficiently in the last few years, reducing its reliance on Southeast Asia. For example, the company is currently sourcing wind turbines domestically, which includes manufacturing required components in its plants in Florida. The company also has ties with tariff-unaffected nations such as India. Strategic diversification of the supply chain to gain exposure to U.S. allies has made it possible for NextEra to weather the tariff storm better than most of its peers. Second, NextEra is often the largest customer of many of its suppliers, which creates wiggle room for the company to negotiate deals with suppliers to pass on any tariff impact to them. Suppliers have little bargaining power with NextEra because of its scale, which is likely to come to the rescue in the next few months. Third, NextEra has already secured contracts with domestic suppliers to meet the majority of its backlog for its battery storage business, leaving little exposure to tariffs. Commenting on the overall tariff exposure of the company during the first-quarter earnings call a couple of weeks ago, NextEra CEO John Ketchum revealed that the overall tariff exposure of the company through 2028 is just $150 million compared to total capital expenditures planned through 2028 of $75 billion. In a nutshell, only 0.2% of the company's capex budget is exposed to new tariffs. Encouragingly, CEO Ketchum is confident of NextEra's ability to shield itself from this exposure through renegotiated contracts. We think that we're looking at around $150 million of exposure on tariffs. That is based on the contractual protections we have in our existing contracts with suppliers and the discussions that we have had with them since Liberation Day on April 2. So that's the first piece. So that works you down to $150 million. Then the point we were making in the prepared remarks is that not only do we have the ability to shift tariff risk to suppliers and supply contracts, which I just covered, we also have trade measure protection provisions in our customer contracts. So we believe we got a really good shot at working with our customers to take that $150 million exposure down significantly and perhaps even down to zero if we use the track record we had around circumvention. Going by the CEO's above remarks and the strengths highlighted earlier in this segment, investor fears over new tariffs seem overblown. Tariff threats aside, the next step is to evaluate the long-term industry outlook for NextEra Energy. After a period of lackluster demand growth, the U.S. has entered a new era in which the demand for electricity is expected to grow at a healthy rate. According to Deloitte, the electricity demand in the U.S. will increase by 10% to 17% between 2024 and 2030, marking a notable improvement from stable demand over the past five years. The main reasons behind these rosy projections include the growing electricity consumption by data centers and the exponential growth in EVs. According to Deolitte, data center demand alone will lead to around 11 GW of incremental electricity demand by 2030. In addition to this, the expected boost in domestic manufacturing will also drive electricity demand higher in the coming years. With electricity demand predicted to see historically high growth in the next five years, NextEra's utility arm, Florida Power, is well-positioned to thrive. To capture a sizeable share of the growing electricity demand, FPL is planning to invest approximately $50 billion through 2029 and add more than 25 GW of new capacity by 2034. These ambitious goals align well with the projected growth in electricity demand. Another tailwind helping NextEra is the expected growth in renewable energy consumption. Although the Trump administration may initially focus on fossil fuel growth, the long-term outlook for renewable energy adoption remains strong. According to the International Energy Administration's ambitious plans which aim to achieve 100% clean electricity by 2035, wind and solar energy projects are expected to account for around 70% of energy generation. This equates to approximately 2 TW of capacity. As the global leader in wind and solar power generation, NextEra Energy Resources is well-positioned to benefit from this projected growth. NextEra will also benefit from its battery storage facilities. To meet renewable energy goals, high-quality energy storage solutions are necessary. Identifying this need, NextEra has aggressively expanded into battery storage, which has enabled the company to be recognized as a 360-degree renewable energy solutions provider. NextEra Energy is currently valued at a forward P/E of 18.28 in comparison to its five-year average of 24.33, which implies the company is cheaply valued from a historical valuation perspective. At the current market price, the dividend yield is also attractive at just over 3.4%. Interestingly, the company is expected to return to growth this year after registering a 12% YoY revenue decline in 2024. According to analyst projections, revenue will grow almost 16% this year, followed by 8.3% in 2026 and 11.6% in 2027. Earnings are also expected to grow at high-single-digit rates through 2029. These estimates seem rational given the strong growth expectations for electricity demand in the U.S. and the steady growth in renewable energy usage. Despite the market pessimism toward renewable energy stocks following President Trump's victory last November, some investing gurus are betting on NextEra Energy. Some of the institutional investors that added to their long position in NextEra leading up to 2025 include Blackstone Group, T. Rowe Price, and D. E. Shaw. However, there are other gurus who have reduced their exposure to NextEra in recent times, including Mario Gabelli (Trades, Portfolio), Ken Fisher (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), and Robert Bruce (Trades, Portfolio). According to GuruFocus data, NextEra has seen more guru sells than buys in recent times. Source: GuruFocus NextEra Energy stock has performed poorly this year due to concerns hanging over the sustainability of the renewable industry's growth under President Trump's administration. Although short-term challenges persist, a closer evaluation of newly announced tariffs reveals NextEra is unlikely to be hurt. The long-term outlook for FPL is promising with several tailwinds driving the demand for electricity in the United States, and NEER will benefit from the momentum behind renewable energy. Valued reasonably along with a dividend yield of 3.4%, NextEra Energy seems an attractive bet on the global energy transition. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
20250604 - NextEra Energy: A Misunderstood Growth Machine
It's not easy to find bargains among well-established corporate giants. However, Mr. Market sometimes presents such opportunities to prudent investors. The renewable energy sector has taken a beating since President Trump's victory in November as he has made his intentions clear to support the fossil fuel sector. NextEra Energy, Inc. (NYSE:NEE), which owns the largest electric utility in the United States (Florida Power & Light Company) and also one of the leading clean energy companies in the world (NextEra Energy Resources) has also come under pressure as a result, losing over 6% of its market value in 2025 alone. A deeper dive into the company's supply chain reveals NextEra is largely immune to tariffs, making it a contrarian play in the renewable energy sector. The reasonable valuation of the company sweetens the deal, while attractive long-term macroeconomic prospects suggest a long runway for NextEra to grow. Warning! GuruFocus has detected 9 Warning Signs with NEE. NextEra Energy, headquartered in Florida, is the parent company of both Florida Power & Light and NextEra Energy Resources. Based on retail electricity sold, FPL is the largest rate-regulated utility in the U.S., serving approximately 12 million customers in Florida. NEER, on the other hand, serves the wholesale energy markets in both the U.S. and Canada and is the world's largest wind and solar projects operator. The company also has a battery storage business. Through FPL and NEER, NextEra maintains a well-diversified energy portfolio consisting of wind, solar, nuclear power, and even natural gas. Before moving on to discuss the long-term outlook for NextEra, it is important to address the tariff threats facing the renewable energy industry that have dampened the investor sentiment toward NextEra stock. On April 21, the U.S. Department of Commerce announced its study results from an investigation of antidumping duties on solar cells imported from several Southeast Asian nations, including Cambodia, Malaysia, Thailand, and Vietnam. Based on the findings, the Commerce Department recommended substantial tariffs on crystalline photovoltaic cells imported from these countries. For context, several Cambodian companies are expected to see tariffs exceeding a staggering 3,400%, while almost all other exporters representing Southeast Asian nations are expected to see tariffs exceeding 100%. The International Trade Administration is expected to announce its final determination on these tariffs by June 2, in less than a month. Southeast Asian nations have played a critical role in helping solar project costs remain low for Americans for years. In 2023, the four main countries targeted by the latest round of U.S. tariffs exported almost $12 billion worth of solar modules to the United States. Exhibit 1: Import statistics Source: International Trade Administration Newly announced tariffs are likely to make it more expensive for Americans to access solar power. However, NextEra Energy is in a unique position to show resilience from these tariffs compared to many of its peers that are heavily reliant on solar modules imported from Southeast Asia. First, NextEra Energy has commendably managed its supply chain efficiently in the last few years, reducing its reliance on Southeast Asia. For example, the company is currently sourcing wind turbines domestically, which includes manufacturing required components in its plants in Florida. The company also has ties with tariff-unaffected nations such as India. Strategic diversification of the supply chain to gain exposure to U.S. allies has made it possible for NextEra to weather the tariff storm better than most of its peers. Second, NextEra is often the largest customer of many of its suppliers, which creates wiggle room for the company to negotiate deals with suppliers to pass on any tariff impact to them. Suppliers have little bargaining power with NextEra because of its scale, which is likely to come to the rescue in the next few months. Third, NextEra has already secured contracts with domestic suppliers to meet the majority of its backlog for its battery storage business, leaving little exposure to tariffs. Commenting on the overall tariff exposure of the company during the first-quarter earnings call a couple of weeks ago, NextEra CEO John Ketchum revealed that the overall tariff exposure of the company through 2028 is just $150 million compared to total capital expenditures planned through 2028 of $75 billion. In a nutshell, only 0.2% of the company's capex budget is exposed to new tariffs. Encouragingly, CEO Ketchum is confident of NextEra's ability to shield itself from this exposure through renegotiated contracts. We think that we're looking at around $150 million of exposure on tariffs. That is based on the contractual protections we have in our existing contracts with suppliers and the discussions that we have had with them since Liberation Day on April 2. So that's the first piece. So that works you down to $150 million. Then the point we were making in the prepared remarks is that not only do we have the ability to shift tariff risk to suppliers and supply contracts, which I just covered, we also have trade measure protection provisions in our customer contracts. So we believe we got a really good shot at working with our customers to take that $150 million exposure down significantly and perhaps even down to zero if we use the track record we had around circumvention. Going by the CEO's above remarks and the strengths highlighted earlier in this segment, investor fears over new tariffs seem overblown. Tariff threats aside, the next step is to evaluate the long-term industry outlook for NextEra Energy. After a period of lackluster demand growth, the U.S. has entered a new era in which the demand for electricity is expected to grow at a healthy rate. According to Deloitte, the electricity demand in the U.S. will increase by 10% to 17% between 2024 and 2030, marking a notable improvement from stable demand over the past five years. The main reasons behind these rosy projections include the growing electricity consumption by data centers and the exponential growth in EVs. According to Deolitte, data center demand alone will lead to around 11 GW of incremental electricity demand by 2030. In addition to this, the expected boost in domestic manufacturing will also drive electricity demand higher in the coming years. With electricity demand predicted to see historically high growth in the next five years, NextEra's utility arm, Florida Power, is well-positioned to thrive. To capture a sizeable share of the growing electricity demand, FPL is planning to invest approximately $50 billion through 2029 and add more than 25 GW of new capacity by 2034. These ambitious goals align well with the projected growth in electricity demand. Another tailwind helping NextEra is the expected growth in renewable energy consumption. Although the Trump administration may initially focus on fossil fuel growth, the long-term outlook for renewable energy adoption remains strong. According to the International Energy Administration's ambitious plans which aim to achieve 100% clean electricity by 2035, wind and solar energy projects are expected to account for around 70% of energy generation. This equates to approximately 2 TW of capacity. As the global leader in wind and solar power generation, NextEra Energy Resources is well-positioned to benefit from this projected growth. NextEra will also benefit from its battery storage facilities. To meet renewable energy goals, high-quality energy storage solutions are necessary. Identifying this need, NextEra has aggressively expanded into battery storage, which has enabled the company to be recognized as a 360-degree renewable energy solutions provider. NextEra Energy is currently valued at a forward P/E of 18.28 in comparison to its five-year average of 24.33, which implies the company is cheaply valued from a historical valuation perspective. At the current market price, the dividend yield is also attractive at just over 3.4%. Interestingly, the company is expected to return to growth this year after registering a 12% YoY revenue decline in 2024. According to analyst projections, revenue will grow almost 16% this year, followed by 8.3% in 2026 and 11.6% in 2027. Earnings are also expected to grow at high-single-digit rates through 2029. These estimates seem rational given the strong growth expectations for electricity demand in the U.S. and the steady growth in renewable energy usage. Despite the market pessimism toward renewable energy stocks following President Trump's victory last November, some investing gurus are betting on NextEra Energy. Some of the institutional investors that added to their long position in NextEra leading up to 2025 include Blackstone Group, T. Rowe Price, and D. E. Shaw. However, there are other gurus who have reduced their exposure to NextEra in recent times, including Mario Gabelli (Trades, Portfolio), Ken Fisher (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), and Robert Bruce (Trades, Portfolio). According to GuruFocus data, NextEra has seen more guru sells than buys in recent times. Source: GuruFocus NextEra Energy stock has performed poorly this year due to concerns hanging over the sustainability of the renewable industry's growth under President Trump's administration. Although short-term challenges persist, a closer evaluation of newly announced tariffs reveals NextEra is unlikely to be hurt. The long-term outlook for FPL is promising with several tailwinds driving the demand for electricity in the United States, and NEER will benefit from the momentum behind renewable energy. Valued reasonably along with a dividend yield of 3.4%, NextEra Energy seems an attractive bet on the global energy transition. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Amite Solar Energy Center marks milestone for NextEra Energy Resources in Louisiana
TANGIPAHOA PARISH, La., June 2, 2025 /PRNewswire/ -- DEMCO and NextEra Energy Resources, LLC, are proud to announce that Amite Solar, LLC, is now operational. This milestone marks the launch of NextEra Energy Resources' first utility-scale energy facility in Louisiana, delivering reliable, American-made energy to local communities. The Amite Solar Energy Center is a subsidiary of NextEra Energy Resources, one of the country's largest energy infrastructure developers. "Thanks to this collaboration with NextEra Energy Resources, our members will benefit from dependable, low-cost, fixed-price energy for the next 25 years," said Randy Pierce, chief executive officer and general manager at DEMCO. "It's a smart, long-term partnership that reflects our shared commitment to delivering lasting value to the communities we serve." Located in Tangipahoa Parish, the Amite Solar Energy Center has the capacity to generate up to 100 megawatts of energy, which is enough energy to power thousands of Louisiana homes and businesses. The energy center achieved commercial operations in March 2025 and is contributing dependable electricity to Louisiana's power grid. "This is a monumental moment for our team, and we are proud to work with DEMCO to bring low-cost solar energy to their co-op members," said Stuart McCurdy, vice president of development at NextEra Energy Resources. "We're thrilled to deliver homegrown energy that supports local jobs and economic development, exemplifying the power of collaboration between energy infrastructure developers, the community and local utilities in meeting the unprecedented energy demand." Construction lasted 15 months and generated a significant economic boost to Tangipahoa Parish and the state, by creating 200 construction jobs and stimulating the purchase of regional goods and services from local vendors. Over the next 30 years, the project is expected to generate approximately $16 million in additional tax revenue for Tangipahoa Parish. "These funds can be used to strengthen local schools, improve roads and support other essential public services" added McCurdy. "This is about more than energy – it's about investing in the future of Louisiana communities." A subsidiary of NextEra Energy Resources built, owns and operates the Amite Solar Energy Center, ensuring long-term operational excellence and local economic impact. About NextEra Energy Resources NextEra Energy Resources, LLC, (together with its affiliated entities, "NextEra Energy Resources") is advancing America's energy future with the largest and most diverse portfolio of power generation and infrastructure solutions. NextEra Energy Resources is one of America's largest wholesale generators of electric power in the U.S., leveraging all forms of energy across renewables, storage, natural gas, nuclear and other critical energy infrastructure, with approximately 33,410 megawatts of total net generating capacity. The business operates safe, reliable nuclear power generation facilities in New Hampshire and Wisconsin as part of the NextEra Energy nuclear fleet. NextEra Energy Resources offers a wide range of integrated solutions to help utilities and businesses across the country meet their energy needs when and where they need it. NextEra Energy Resources, LLC, is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit: About DEMCODEMCO is a not-for-profit, member-owned electric distribution cooperative that enhances the quality of life for its members, employees, and communities by providing safe, reliable, and competitively priced energy services. Founded in 1938, DEMCO powers 117,800+ meters in seven parishes: Ascension, East Baton Rouge, East Feliciana, Livingston, St. Helena, Tangipahoa, and West Feliciana. View original content to download multimedia: SOURCE NextEra Energy Resources, LLC Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
NextEra Energy to meet with investors at the end of May and throughout June
JUNO BEACH, Fla., May 29, 2025 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that members of the senior management team will participate in various investor meetings at the end of May and throughout June to discuss, among other things, long-term growth-rate expectations. Investors and other interested parties can access a copy of the most recent presentation materials at NextEra Energy, Energy, Inc. (NYSE: NEE) is one of the largest electric power and energy infrastructure companies in North America and is a leading provider of electricity to American homes and businesses. Headquartered in Juno Beach, Florida, NextEra Energy is a Fortune 200 company that owns Florida Power & Light Company, America's largest electric utility, which provides reliable electricity to approximately 12 million people across Florida. NextEra Energy also owns one of the largest energy infrastructure development companies in the U.S., NextEra Energy Resources, LLC. NextEra Energy and its affiliated entities are meeting America's growing energy needs with a diverse mix of energy sources, including natural gas, nuclear, renewable energy and battery storage. For more information about NextEra Energy companies, visit these websites: . Cautionary Statements and Risk Factors That May Affect Future Results This news release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy, Inc. (together with its subsidiaries, NextEra Energy) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NextEra Energy's control Forward-looking statements in this news release include, among others, statements concerning long-term growth-rate expectations. In some cases, you can identify the forward-looking statements by words or phrases such as "will," "may result," "expect," "anticipate," "believe," "intend," "plan," "seek," "potential," "projection," "forecast," "predict," "goals," "target," "outlook," "should," "would" or similar words or expressions. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance. The future results of NextEra Energy and its business and financial condition are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, or may require it to limit or eliminate certain operations. These risks and uncertainties include, but are not limited to, those discussed in this news release and the following: effects of extensive regulation of NextEra Energy's business operations; inability of NextEra Energy to recover in a timely manner any significant amount of costs, a return on certain assets or a reasonable return on invested capital through base rates, cost recovery clauses, other regulatory mechanisms or otherwise; impact of political, regulatory, operational and economic factors on regulatory decisions important to NextEra Energy; effect of any reductions or modifications to, or elimination of, governmental incentives or policies that support clean energy projects or the imposition of additional tax laws, tariffs, duties, policies or other costs or assessments on clean energy or equipment necessary to generate, store or deliver it; impact of new or revised laws, regulations, executive orders, interpretations or constitutional ballot and regulatory initiatives on NextEra Energy; capital expenditures, increased operating costs and various liabilities attributable to environmental laws, regulations and other standards applicable to NextEra Energy; effects on NextEra Energy of federal or state laws or regulations mandating new or additional limits on the production of greenhouse gas emissions; exposure of NextEra Energy to significant and increasing compliance costs and substantial monetary penalties and other sanctions as a result of extensive federal, state and local government regulation of its operations and businesses; effect on NextEra Energy of changes in tax laws, guidance or policies as well as in judgments and estimates used to determine tax-related asset and liability amounts; impact on NextEra Energy of adverse results of litigation; impacts of NextEra Energy of allegations of violations of law; effect on NextEra Energy of failure to proceed with projects under development or inability to complete the construction of (or capital improvements to) electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities or other facilities on schedule or within budget; impact on development and operating activities of NextEra Energy resulting from risks related to project siting, planning, financing, construction, permitting, governmental approvals and the negotiation of project development agreements, as well as supply chain disruptions; risks involved in the operation and maintenance of electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities, and other facilities; effect on NextEra Energy of a lack of growth, slower growth or a decline in the number of customers or in customer usage; impact on NextEra Energy of severe weather and other weather conditions; threats of terrorism and catastrophic events that could result from geopolitical factors, terrorism, cyberattacks or other attempts to disrupt NextEra Energy's business or the businesses of third parties; inability to obtain adequate insurance coverage for protection of NextEra Energy against significant losses and risk that insurance coverage does not provide protection against all significant losses; a prolonged period of low natural gas and oil prices, disrupted production or unsuccessful drilling efforts could impact NextEra Energy's natural gas and oil production and transportation operations and cause NextEra Energy to delay or cancel certain natural gas and oil production projects and could result in certain assets becoming impaired; risk of increased operating costs resulting from unfavorable supply costs necessary to provide full energy and capacity requirements services; inability or failure to manage properly or hedge effectively the commodity risk within its portfolio; effect of reductions in the liquidity of energy markets on NextEra Energy's ability to manage operational risks; effectiveness of NextEra Energy's risk management tools associated with its hedging and trading procedures to protect against significant losses, including the effect of unforeseen price variances from historical behavior; impact of unavailability or disruption of power transmission or commodity transportation operations on sale and delivery of power or natural gas; exposure of NextEra Energy to credit and performance risk from customers, hedging counterparties and vendors; failure of counterparties to perform under derivative contracts or of requirement for NextEra Energy to post margin cash collateral under derivative contracts; failure or breach of NextEra Energy's information technology systems; risks to NextEra Energy's retail businesses from compromise of sensitive customer data; losses from volatility in the market values of derivative instruments and limited liquidity in over-the-counter markets; impact of negative publicity; inability to maintain, negotiate or renegotiate acceptable franchise agreements; occurrence of work strikes or stoppages and increasing personnel costs; NextEra Energy's ability to successfully identify, complete and integrate acquisitions, including the effect of increased competition for acquisitions; environmental, health and financial risks associated with ownership and operation of nuclear generation facilities; liability of NextEra Energy for significant retrospective assessments and/or retrospective insurance premiums in the event of an incident at certain nuclear generation facilities; increased operating and capital expenditures and/or reduced revenues at nuclear generation facilities resulting from orders or new regulations of the Nuclear Regulatory Commission; inability to operate any of NextEra Energy's owned nuclear generation units through the end of their respective operating licenses or planned license extensions; effect of disruptions, uncertainty or volatility in the credit and capital markets or actions by third parties in connection with project-specific or other financing arrangements on NextEra Energy's ability to fund its liquidity and capital needs and meet its growth objectives; defaults or noncompliance related to project-specific, limited-recourse financing agreements; inability to maintain current credit ratings; impairment of liquidity from inability of credit providers to fund their credit commitments or to maintain their current credit ratings; poor market performance and other economic factors that could affect NextEra Energy's defined benefit pension plan's funded status; poor market performance and other risks to the asset values of nuclear decommissioning funds; changes in market value and other risks to certain of NextEra Energy's assets and investments; effect of inability of NextEra Energy subsidiaries to pay upstream dividends or repay funds to NextEra Energy or of NextEra Energy's performance under guarantees of subsidiary obligations on NextEra Energy's ability to meet its financial obligations and to pay dividends on its common stock; the fact that the amount and timing of dividends payable on NextEra Energy's common stock, as well as the dividend policy approved by NextEra Energy's board of directors from time to time, and changes to that policy, are within the sole discretion of NextEra Energy's board of directors and, if declared and paid, dividends may be in amounts that are less than might be expected by shareholders; XPLR Infrastructure, LP's inability to access sources of capital on commercially reasonable terms could have an effect on its ability to consummate future acquisitions and on the value of NextEra Energy's limited partner interest in XPLR Operating Partners, LP; effects of disruptions, uncertainty or volatility in the credit and capital markets on the market price of NextEra Energy's common stock; and the ultimate severity and duration of public health crises, epidemics and pandemics, and its effects on NextEra Energy's business. NextEra Energy discusses these and other risks and uncertainties in its annual report on Form 10-K for the year ended December 31, 2024 and other Securities and Exchange Commission (SEC) filings, and this news release should be read in conjunction with such SEC filings. The forward-looking statements made in this news release are made only as of the date of this news release and NextEra Energy undertakes no obligation to update any forward-looking statements. View original content to download multimedia: SOURCE NextEra Energy, Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data
