Key Developments: NextEra Energy Inc (NEE.N)

NEE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

NextEra Energy Inc reaffirms FY 2014 EPS guidance - Conference Call
Tuesday, 28 Jan 2014 09:00am EST 

NextEra Energy Inc:Says it continue to be comfortable with FY 2014 adjusted EPS expectations, it shared last spring of $5.05 to $5.45 per share.FY 2014 EPS of $5.32 - Thomson Reuters I/B/E/S.  Full Article

NextEra Energy Inc Announces Common Stock Offering
Monday, 18 Nov 2013 04:26pm EST 

NextEra Energy, Inc announced that it plans to make an offering of 11,100,000 shares of its common stock in a registered underwritten public offering. Of the shares being offered, NextEra Energy expects to issue and sell 4,500,000 shares to the underwriters in the offering, and, subject to certain conditions, the forward counterparty (as defined below) (or its affiliate) is expected to borrow, and sell to the underwriters, 6,600,000 shares in connection with the forward sale agreement described below. NextEra Energy will issue and sell additional shares to the underwriters to the extent that the forward counterparty (or its affiliate) does not borrow and sell such number of shares. Closing of this offering is expected to occur on or about November 22, 2013. NextEra Energy will add any net proceeds that it receives from the offering and any proceeds that it receives upon settlement of the forward sale agreement to its general funds and expects to use its general funds to fund investments in energy and power projects, including renewable power projects, and for other general corporate purposes, including the repayment of a portion of its subsidiary, NextEra Energy Capital Holdings, Inc.'s, total outstanding commercial paper obligations.  Full Article

NextEra Energy Inc Reaffirms FY 2013, 2014 EPS Guidance; Reaffirms Long Term EPS Guidance - Conference Call
Friday, 1 Nov 2013 09:00am EDT 

NextEra Energy Inc announced that for fiscal 2013, it continue to see adjusted EPS in the upper half of the $4.70 to $5.00 set out in January. For fiscal 2014, it continue to expect earnings per share (EPS) to be in the range of $5.05 to $5.45. For the longer term outlook it continue see adjusted EPS growing at a compound annual growth rate of 5% to 7% through fiscal 2016 off the fiscal 2012 base. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $4.95 for fiscal 2013; EPS of $5.29 for fiscal 2014; EPS of $5.60 for fiscal 2015 and EPS of $5.93 for fiscal 2016.  Full Article

NextEra Energy Inc Announces Management Change-Form 8-K
Wednesday, 23 Oct 2013 06:00am EDT 

NextEra Energy Inc reported in its Form 8-K that Lewis Hay, III, Executive Chairman and a director of the Company, advised the Company‚Äôs Board of Directors (Board) that he will retire as Executive Chairman and as a director of the Company at the close of business on December 13, 2013. Following these retirements, Mr. Hay will continue to serve as an executive officer of the Company through December 31, 2013 and as an employee of the Company in a non-executive capacity through March 2014.  Full Article

NextEra Energy Inc Announces Management Changes
Friday, 18 Oct 2013 05:59pm EDT 

NextEra Energy Inc announced that board of directors appointed President and Chief Executive Officer James L. Robo as chairman of the board, effective Dec. 13, 2013. Robo will succeed Lewis Hay III, who will be retiring as executive chairman effective on that date.  Full Article

NextEra Energy Inc Declares Quarterly Dividend
Friday, 18 Oct 2013 01:50pm EDT 

NextEra Energy, Inc. announced that it has declared a regular quarterly common stock dividend of USD0.66 per share. The dividend is payable on December 16, 2013, to shareholders of record on November 29, 2013.  Full Article

Nextera Energy Inc Announces Sale Of Equity Units
Friday, 20 Sep 2013 08:00am EDT 

NextEra Energy Inc announced that it has agreed to sell $500 million of equity units to Citigroup, Morgan Stanley, and Credit Suisse. The transaction is expected to close on Sept. 25, 2013. Each equity unit will be issued in a stated amount of $50. Each equity unit will consist of a contract to purchase NextEra Energy common stock in the future, and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings, Inc. debenture due Sept. 1, 2018, to be issued in the principal amount of $1,000. The debentures will be guaranteed by NextEra Energy Capital Holdings' parent company, NextEra Energy, Inc. Total annual distributions on the equity units will be at the rate of 5.799%, consisting of interest on the debentures and payments under the stock purchase contracts. The net proceeds from the sale of the equity units, which are expected to be approximately $484 million (after deducting the underwriting discount and other offering expenses), will be added to the general funds of NextEra Energy Capital Holdings.  Full Article

NextEra Energy Inc To Sell Equity Units
Thursday, 19 Sep 2013 04:35pm EDT 

NextEra Energy Inc announced that it intends to sell $500 million of equity units. Each equity unit will be issued in a stated amount of $50. Each equity unit will consist of a contract to purchase NextEra Energy common stock in the future, and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings, Inc. debenture due September 1, 2018, to be issued in the principal amount of $1,000. The debentures will be guaranteed by NextEra Energy Capital Holdings' parent company, NextEra Energy, Inc. The holders would be required to complete the stock purchase by no later than September 1, 2016, and their purchase obligations may be satisfied with proceeds raised from remarketing the debentures that comprise part of their equity units. The net proceeds from the sale of the equity units, which are expected to be approximately $484 million (after deducting the underwriting discount and other offering expenses), will be added to the general funds of NextEra Energy Capital Holdings  Full Article

NextEra Energy Inc Sees FY 2013 EPS Guidance At Upper Half Of Prior Range-Conference Call
Tuesday, 30 Jul 2013 09:00am EDT 

NextEra Energy Inc announced that for fiscal 2013, it expects adjusted EPS to be in the upper half of the $4.70 to $5.00 that the Company had previously communicated. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $4.93 for fiscal 2013.  Full Article

NextEra Energy Inc Sees FY 2013 EPS Guidance At Upper Half Of Prior Range; Comments On Long Term EPS Guidance
Monday, 29 Jul 2013 08:00pm EDT 

NextEra Energy Inc announced it expects adjusted earnings per share (EPS) for fiscal 2013 to be in the upper half of the previously indicated range of $4.70 to $5.00. The Company continues to expect a compound annual growth rate for fiscal 2013 adjusted earnings per share of 5% to 7% through fiscal 2016, from a fiscal 2012 base. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $4.93 for fiscal 2013; EPS of $5.29 for fiscal 2014; EPS of $5.56 for fiscal 2015; EPS of $5.94 for fiscal 2016.  Full Article

Energy Future's turnaround may get surprise boost from New York judge

- Over the last four months, Energy Future Holdings' plan for a quick-trip bankruptcy was stopped in its tracks by a creditor uprising. Last week, Texas's biggest power company may have gotten help from an unexpected source: a White Plains, New York bankruptcy judge.

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