JUNO
BEACH, Fla., June 14,
2022 /PRNewswire/ -- As previously announced, NextEra
Energy, Inc. (NYSE: NEE) will host an investor conference from
8:30 a.m. to 12:30 p.m. ET today,
June 14, in New York City. The members of the senior
management team plan to discuss, among other things, that NextEra
Energy is increasing its adjusted earnings per share expectations
for 2022, 2023, 2024 and 2025, subject to the usual caveats.
NextEra Energy now expects adjusted earnings per share for 2022,
2023, 2024 and 2025 to be in the range of $2.80 to $2.90, $2.98 to $3.13,
$3.23 to $3.43 and $3.45 to $3.70,
respectively.
Beginning at 8 a.m. ET today, investors and other
interested parties will be able to access the presentation
materials at www.NextEraEnergy.com/investors. A live audio
webcast will be available on the previously named site beginning
at 8:30 a.m. ET. For those unable to listen to the live
webcast, a replay will be available for 30 days by accessing the
same links as listed above.
The adjusted earnings expectations exclude the cumulative effect
of adopting new accounting standards; the effects of non-qualifying
hedges and unrealized gains and losses on equity securities held in
NextEra Energy Resources, LLC's nuclear decommissioning funds and
other than temporary impairments, none of which can be determined
at this time. Adjusted earnings expectations also exclude the
effects of NextEra Energy Partners, LP net investment gains,
differential membership interests-related and an impairment charge
and ongoing costs related to NEE's investment in Mountain Valley
Pipeline, LLC. In addition, adjusted earnings expectations assume,
among other things, normal weather and operating conditions;
positive macroeconomic conditions in the U.S. and Florida; supportive commodity markets; current
forward curves; public policy support for wind and solar
development and construction; market demand and transmission
expansion to support wind and solar development; market demand for
pipeline capacity; access to capital at reasonable cost and terms;
divestitures to NextEra Energy Partners, LP; no acquisitions; no
adverse litigation decisions; and no changes to governmental
policies or incentives. Please see the accompanying cautionary
statements for a list of the risk factors that may affect future
results. Expected adjusted earnings amounts cannot be reconciled to
expected net income because net income includes the effect of
certain items which cannot be determined at this time. NextEra
Energy's management uses adjusted earnings, which is a non-GAAP
financial measure, internally for financial planning, analysis of
performance, reporting of results to the board of directors and as
an input in determining performance-based compensation under the
company's employee incentive compensation plans. NextEra Energy
also uses earnings expressed in this fashion when communicating its
financial results and earnings outlook to analysts and
investors.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE)
is a leading clean energy company headquartered in Juno Beach,
Florida. NextEra Energy
owns Florida Power & Light Company, which is the
largest vertically integrated rate-regulated electric utility
in the United States as measured by retail electricity
produced and sold, and serves more than 5.7 million customer
accounts, supporting more than 12 million residents across
Florida with clean, reliable and
affordable electricity. NextEra Energy also owns a competitive
clean energy business, NextEra Energy Resources, LLC, which,
together with its affiliated entities, is the world's largest
generator of renewable energy from the wind and sun and a world
leader in battery storage. Through its subsidiaries, NextEra Energy
generates clean, emissions-free electricity from seven commercial
nuclear power units in Florida, New
Hampshire and Wisconsin. NextEra Energy has been
recognized often by third parties for its efforts in
sustainability, corporate responsibility, ethics and compliance,
and diversity. NextEra Energy is ranked No. 1 in the electric and
gas utilities industry on Fortune's 2022 list of "World's Most
Admired Companies," recognized on Fortune's 2021 list of companies
that "Change the World" and received the S&P Global Platts 2020
Energy Transition Award for leadership in environmental, social and
governance. For more information about NextEra Energy companies,
visit these
websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.
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 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," "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; disallowance of
cost recovery based on a finding of imprudent use of derivative
instruments; effect of any reductions or modifications to, or
elimination of, governmental incentives or policies that support
utility scale renewable energy projects or the imposition of
additional tax laws, tariffs, duties, policies or assessments on
renewable energy or equipment necessary to generate it or deliver
it; impact of new or revised laws, regulations, 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 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; 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, transmission and distribution facilities,
gas infrastructure 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, transmission and
distribution facilities, gas infrastructure facilities, retail gas
distribution system in Florida and other facilities;
effect on NextEra Energy of a lack of growth or slower growth 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 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 gas and oil prices could impact NextEra Energy's gas
infrastructure business and cause NextEra Energy to delay or cancel
certain gas infrastructure projects and could result in certain
projects becoming impaired; risk of increased operating costs
resulting from unfavorable supply costs necessary to provide full
energy and capacity requirement 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
facilities 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; 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; 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
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; NextEra
Energy Partners, 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 NextEra Energy 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, 2021 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.
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SOURCE NextEra Energy, Inc.