JUNO
BEACH, Fla., Feb. 17,
2023 /PRNewswire/ -- The board of directors of
NextEra Energy, Inc. (NYSE: NEE) declared a regular quarterly
common stock dividend of $0.4675 per
share, an approximate 10% increase versus the prior-year comparable
quarterly dividend. This increase is consistent with the plan
announced in 2022 of targeting roughly 10% annual growth in
dividends per share through at least 2024, off a 2022 base. The
dividend is payable on March 15,
2023, to shareholders of record on Feb. 28, 2023.
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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 America's largest electric utility that sells more power
than any other utility, providing clean, affordable, reliable
electricity to approximately 5.8 million customer accounts, or more
than 12 million people across Florida. 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 2023 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. (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 and statements concerning future dividends.
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 FPL and their business and financial condition
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, or may require them 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 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 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 and FPL;
disallowance of cost recovery by FPL 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 of
NextEra Energy Resources, LLC and its affiliated entities (NextEra
Energy Resources) 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 and FPL; capital
expenditures, increased operating costs and various liabilities
attributable to environmental laws, regulations and other standards
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 and businesses; effect on NextEra Energy and FPL 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 and FPL of adverse results of
litigation; impacts on NextEra Energy and FPL of allegations of
violations of law; 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,
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 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; threats of terrorism and catastrophic events
that could result from terrorism, cyberattacks or other attempts to
disrupt NextEra Energy's and FPL's business or the businesses of
third parties; inability to obtain adequate insurance coverage for
protection of NextEra Energy and FPL 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 Resources' gas infrastructure
business and cause NextEra Energy Resources to delay or cancel
certain gas infrastructure projects and could result in certain
projects becoming impaired; 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 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 and FPL's risk
management tools associated with their 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 by NextEra Energy, including FPL; exposure of
NextEra Energy and FPL to credit and performance risk from
customers, hedging counterparties and vendors; failure of NextEra
Energy or FPL counterparties to perform under derivative contracts
or of requirement for NextEra Energy or FPL to post margin cash
collateral under derivative contracts; failure or breach of NextEra
Energy's or FPL's information technology systems; risks to NextEra
Energy and FPL'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 of FPL to
maintain, negotiate or renegotiate acceptable franchise agreements
with municipalities and counties in Florida; 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 NextEra
Energy Resources' and FPL's ownership and operation 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
and/or reduced revenues 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; 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 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; impairment of NextEra Energy's and
FPL's 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 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 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 or FPL's businesses. 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, 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 and FPL undertake no
obligation to update any forward-looking statements.
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SOURCE NextEra Energy, Inc.