NextEra Energy board declares quarterly dividend

Fri Feb 15, 2013 2:15pm EST

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JUNO BEACH, Fla.,  Feb. 15, 2013  /PRNewswire/ -- The board of directors of
NextEra Energy, Inc. (NYSE: NEE) today declared a regular quarterly common stock
dividend of  66 cents  per share. The dividend is consistent with the plan
announced last year of targeting a 55 percent payout ratio, expressed relative
to adjusted earnings, in 2014. This plan is based on, among other considerations
described last year, the expectation of a continuing shift in NextEra Energy's
portfolio mix towards more regulated and long-term contracted assets. The
dividend is payable on  March 15, 2013, to shareholders of record on  March 1,
2013.

(Logo:  http://photos.prnewswire.com/prnh/20110124/FL34682LOGO)  

NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with
consolidated revenues of approximately  $14.3 billion, more than 42,000
megawatts of generating capacity, and nearly 15,000 employees in 26 states and 
Canada  as of year-end 2012. Headquartered in  Juno Beach, Fla., NextEra
Energy's principal subsidiaries are  Florida Power  & Light Company, which
serves approximately 4.6 million customer accounts in  Florida  and is one of
the largest rate-regulated electric utilities in  the United States, and NextEra
Energy Resources, LLC, which together with its affiliated entities is the
largest generator in  North America  of renewable energy from the wind and sun.
Through its subsidiaries, NextEra Energy generates clean, emissions-free
electricity from eight commercial nuclear power units in  Florida,  New
Hampshire,  Iowa  and  Wisconsin. For more information about NextEra Energy
companies, visit these websites:  www.NextEraEnergy.com,  www.FPL.com, 
www.NextEraEnergyResources.com.



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. (NextEra
Energy) and  Florida Power  & Light Company (FPL) regarding future operating
results and other future events, many of which, by their nature, are inherently
uncertain and outside of NextEra Energy's and FPL's control.  Forward-looking
statements in this news release include, among others, statements concerning
adjusted earnings per share expectations and future operating performance.  In
some cases, you can identify the forward-looking statements by words or phrases
such as "will," "will likely result," "expect," "anticipate," "believe,"
"intend," "plan," "seek," "aim," "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 FPL are subject to risks and uncertainties that could
cause their actual results to differ materially from those expressed or implied
in the forward-looking statements. These risks and uncertainties include, but
are not limited to, the following: effects of extensive regulation of NextEra
Energy's and FPL's business operations; inability of NextEra Energy and FPL to
recover in a timely manner any significant amount of costs, a return on certain
assets or an appropriate return on capital through base rates, cost recovery
clauses, other regulatory mechanisms or otherwise; impact of political,
regulatory and economic factors on regulatory decisions important to NextEra
Energy and FPL; risks of disallowance of cost recovery by FPL based on a finding
of imprudent use of derivative instruments; effect of any reductions to or
elimination of governmental incentives that support renewable energy projects of
NextEra Energy Resources, LLC and its affiliated entities (NextEra Energy
Resources); impact of new or revised laws, regulations or interpretations or
other regulatory initiatives on NextEra Energy and FPL; effect on NextEra Energy
and FPL of potential regulatory action to broaden the scope of regulation of OTC
financial derivatives and to apply such regulation to NextEra Energy and FPL;
capital expenditures, increased cost of operations and exposure to liabilities
attributable to environmental laws and regulations applicable to NextEra Energy
and FPL; effects on NextEra Energy and FPL of federal or state laws or
regulations mandating new or additional limits on the production of greenhouse
gas emissions; exposure of NextEra Energy and FPL to significant and increasing
compliance costs and substantial monetary penalties and other sanctions as a
result of extensive federal regulation of their operations; effect on NextEra
Energy and FPL of changes in tax laws and in judgments and estimates used to
determine tax-related asset and liability amounts; impact on NextEra Energy and
FPL of adverse results of litigation; effect on NextEra Energy and FPL of
failure to proceed with projects under development or inability to complete the
construction of (or capital improvements to) electric generation, transmission
and distribution facilities, gas infrastructure facilities or other facilities
on schedule or within budget; impact on development and operating activities of
NextEra Energy and FPL resulting from risks related to project siting,
financing, construction, permitting, governmental approvals and the negotiation
of project development agreements; risks involved in the operation and
maintenance of electric generation, transmission and distribution facilities,
gas infrastructure facilities and other facilities; effect on NextEra Energy and
FPL of a lack of growth or slower growth in the number of customers or in
customer usage; impact on NextEra Energy and FPL of severe weather and other
weather conditions; risks associated with threats of terrorism and catastrophic
events that could result from terrorism, cyber attacks or other attempts to
disrupt NextEra Energy's and FPL's business or the businesses of third parties;
risk of lack of availability of adequate insurance coverage for protection of
NextEra Energy and FPL against significant losses; risk to NextEra Energy
Resources of increased operating costs resulting from unfavorable supply costs
necessary to provide NextEra Energy Resources' full energy and capacity
requirement services; inability or failure by NextEra Energy Resources to hedge
effectively its assets or positions against changes in commodity prices,
volumes, interest rates, counterparty credit risk or other risk measures;
potential volatility of NextEra Energy's results of operations caused by sales
of power on the spot market or on a short-term contractual basis; effect of
reductions in the liquidity of energy markets on NextEra Energy's ability to
manage operational risks; effectiveness of NextEra Energy's and FPL's hedging
and trading procedures and associated risk management tools to protect against
significant losses; impact of unavailability or disruption of power transmission
or commodity transportation facilities on sale and delivery of power or natural
gas by FPL and NextEra Energy Resources; exposure of NextEra Energy and FPL to
credit and performance risk from customers, hedging counterparties and vendors;
risks to NextEra Energy and FPL of failure of counterparties to perform under
derivative contracts or of requirement for NextEra Energy and FPL to post margin
cash collateral under derivative contracts; failure or breach of NextEra
Energy's and FPL's information technology systems; risks to NextEra Energy and
FPL's retail businesses of compromise of sensitive customer data; risks to
NextEra Energy and FPL of volatility in the market values of derivative
instruments and limited liquidity in OTC markets; impact of negative publicity;
inability of NextEra Energy and FPL to maintain, negotiate or renegotiate
acceptable franchise agreements with municipalities and counties in  Florida;
increasing costs of health care plans; lack of a qualified workforce or the loss
or retirement of key employees; occurrence of work strikes or stoppages and
increasing personnel costs; NextEra Energy's ability to successfully identify,
complete and integrate acquisitions; environmental, health and financial risks
associated with NextEra Energy's and FPL's ownership of nuclear generation
facilities; liability of NextEra Energy and FPL 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 at nuclear generation facilities of NextEra Energy or FPL resulting
from orders or new regulations of the Nuclear Regulatory Commission; inability
to operate any of NextEra Energy Resources' or FPL's owned nuclear generation
units through the end of their respective operating licenses; liability of
NextEra Energy and FPL for increased nuclear licensing or compliance costs
resulting from hazards posed to their owned nuclear generation facilities; risks
associated with outages of NextEra Energy's and FPL's owned nuclear units;
effect of disruptions, uncertainty or volatility in the credit and capital
markets on NextEra Energy's and FPL's ability to fund their liquidity and
capital needs and meet their growth objectives; inability of NextEra Energy, FPL
and NextEra Energy Capital Holdings, Inc. to maintain their current credit
ratings; risk of impairment of NextEra Energy's and FPL's liquidity from
inability of creditors 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 and FPL's defined benefit pension plan's funded
status; poor market performance and other risks to the asset values of NextEra
Energy's and FPL's nuclear decommissioning funds; changes in market value and
other risks to certain of NextEra Energy's investments; effect of inability of
NextEra Energy subsidiaries to 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; and effect of disruptions, uncertainty or
volatility in the credit and capital markets of the market price of NextEra
Energy's common stock. NextEra Energy and FPL discuss these and other risks and
uncertainties in their annual report on Form 10-K for the year ended  December
31, 2011  and other SEC filings, and this news release should be read in
conjunction with such SEC filings made through the date of this news release.
The forward-looking statements made in this news release are made only as of the
date of this news release and NextEra Energy and FPL undertake no obligation to
update any forward-looking statements.

 

SOURCE  NextEra Energy, Inc.


NextEra Energy, Inc. Media Line, +1-305-552-3888

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