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NextEra Energy Inc (NEE.N)

NEE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

NextEra to buy bankrupt Energy Future and stake in Oncor
Friday, 29 Jul 2016 06:15am EDT 

Nextera Energy Inc : Deal has total enterprise value of approximately $18.4 billion . No involuntary workforce reductions at oncor for at least two years after transaction close . Definitive agreement will be filed publicly as part of restructuring of efh . As part of transaction, nextera energy intends to fund $9.5 billion, primarily for repayment of efih debt . Transaction is not subject to any financing contingencies. . Credit suisse securities (usa) llc and bank of america merrill lynch are serving as lead financial advisors to nextera energy . Transaction has been approved by boards of directors of both nextera energy and efh . Intends to use combination of debt, convertible equity units, and proceeds from asset sales to fund cash being provided to creditors . Financial advisors include deutsche bank securities, j.p. Morgan securities, ubs securities and wells fargo securities . Newly formed unit of co will acquire reorganized energy future holdings including efh's 80 percent interest in oncor electric delivery co . Nextera energy reaches definitive agreement to acquire energy future holdings' interest in oncor electric delivery company . Transaction expected to be meaningfully accretive to nextera energy earnings . Definitive agreement is part of an overall plan of reorganization that is designed to allow efh to emerge from chapter 11 bankruptcy . Transaction will extinguish all efh and efih debt that currently exists above oncor.  Full Article

Nextera Energy Q2 earnings $0.19/share
Wednesday, 27 Jul 2016 07:30am EDT 

Nextera Energy Partners Lp : Reports qtrly earnings per common unit attributable to Nextera Energy Partners LP $0.19 . Nextera Energy Partners LP qtrly operating revenues $171 million versus $125 million . Nextera Energy Partners LP continues to expect 12 to 15 percent per year growth in limited partner distributions through 2020 . Nextera Energy Partners LP now expects 2016 run rate for adjusted EBITDA of $670 million to $760 million . Q2 earnings per share view $0.33, revenue view $195.7 million -- Thomson Reuters I/B/E/S .Increased quarterly distribution to $0.33 per common unit.  Full Article

Nextera Energy reports Q2 GAAP earnings per share $1.16
Wednesday, 27 Jul 2016 07:30am EDT 

Nextera Energy Inc : Q2 adjusted earnings per share $1.67 . Continues to expect adjusted earnings per share to be in the range of $5.85 to $6.35 for 2016 and in the range of $6.60 to $7.10 for 2018 . Q2 operating revenue $3.82 billion versus $4.36 billion . Q2 revenue view $4.33 billion -- Thomson Reuters I/B/E/S . Qtrly GAAP earnings per share $1.16 . Q2 earnings per share view $1.57 -- Thomson Reuters I/B/E/S .FY2016 earnings per share view $6.18 -- Thomson Reuters I/B/E/S.  Full Article

Hawaii regulators reject NextEra's purchase of Hawaiian Electric
Friday, 15 Jul 2016 09:19pm EDT 

:State Of Hawaii Public Utilities Commission - PUC votes to not approve Hawaiian Electric Companies,NextEra Energy’s application for change of control.  Full Article

Nextera Energy says regular qtrly common stock dividend of 87 cents/share
Thursday, 19 May 2016 03:30pm EDT 

Nextera Energy Inc :Declared a regular quarterly common stock dividend of 87 cents per share.  Full Article

NextEra Energy, Inc announces CFO transition
Tuesday, 1 Mar 2016 04:16pm EST 

NextEra Energy, Inc:Announces CFO transition.Says john ketchum appointed CFO.Vice chairman and chief financial officer moray dewhurst retires.Says ketchum's appointment is effective March 4, 2016.  Full Article

NextEra Energy board declares quarterly dividend
Friday, 12 Feb 2016 02:45pm EST 

NextEra Energy:Declared a regular quarterly common stock dividend of 87 cents per share.Dividend is payable on March 15 to shareholders of record date as on Feb. 26.  Full Article

NextEra Energy Resources agrees to sell Texas fossil generating assets to an affiliate of Energy Future Holdings
Friday, 27 Nov 2015 09:00am EST 

Energy Resources, LLC, competitive energy subsidiary of NextEra Energy, Inc. (NYSE:NEE):announced that one of its subsidiaries, La Frontera Ventures LLC, has entered into an agreement to sell its ownership interest in its Forney and Lamar generating assets to an affiliate of Energy Future Holdings (EFH).aggregate purchase price is approximately $1.59 billion, including estimated working capital at closing.EFH affiliate has already received orders from the EFH bankruptcy court approving the purchase of the assets and the funding of the purchase price through the affiliate's existing debtor-in-possession credit facility.transaction includes the 1,912-megawatt (MW) Forney Energy Center, a natural gas-fired facility located in Forney, Texas, that began commercial operation in 2003 and the 1,076-MW Lamar Energy Center, a natural gas-fired facility located in Paris, Texas.NextEra Energy Resources' affiliate will continue to operate both of the facilities included in the sale for an initial period of up to one year.transaction is expected to close in the first quarter of 2016.Following the closing of the sale, NextEra Energy Resources will continue to own and operate a diverse mix of clean generating assets in 25 states, including Texas, and Canada, with a combined capacity of approximately 17,000 MW.Citi is serving as financial advisor to NextEra Energy Resources, and Hogan Lovells is legal counsel.  Full Article

NextEra Energy declares quarterly dividend
Friday, 16 Oct 2015 03:07pm EDT 

NextEra Energy, Inc:Declared a regular quarterly common stock dividend of 77 cents per share.Dividend is payable on Dec. 15, 2015, to shareholders of record on Nov. 27, 2015.  Full Article

NextEra Energy Partners, LP completes acquisition of natural gas pipelines in Texas
Monday, 5 Oct 2015 06:45am EDT 

NextEra Energy Partners, LP:Completes acquisition of NET Midstream.Says also completes acquisition of 149-megawatt (MW) Jericho Wind Energy Center in Ontario, Canada, from a subsidiary of its sponsor NextEra Energy Resources, LLC.Says partnership has closed $600 mln of term loans, which completes its financing for the NET Midstream and Jericho acquisitions.Acquired NET Midstream for a total transaction value of about $2.1 bln, including $934 mln in cash consideration and the assumption of about $654 mln in existing debt, and excluding post-closing working capital and other adjustments.Says $300 mln for expansion projects is expected to be financed almost entirely with incremental future debt.  Full Article

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U.S. wind power enjoys a rebirth as solar's obstacles mount

A year after Congress extended generous tax credits for renewable energy projects, the U.S. wind industry is thriving.