Avian and Eagle Use Surveys Glacier Sands Wind Project Mason County, Illinois
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2021 ESG Report
2021 REPORT Environmental, Social and Governance Our strategy: NextEra About Our 2020-2021 Coronavirus Confronting Building the Environment Social Governance Risks and Conclusion Appendix A letter from Energy’s this report operating awards & (COVID-19) climate world’s leading opportunities our CEO ESG journey portfolio recognitions response change clean energy provider Contents Our strategy: A letter from our CEO .............................................3 NextEra Energy’s ESG journey ......................................................6 About this report .............................................................................7 Our operating portfolio ..................................................................8 2020-2021 awards & recognitions ..............................................10 Coronavirus (COVID-19) response..............................................11 Confronting climate change ........................................................13 Building the world’s leading clean energy provider .................19 Florida Power & Light Company ................................................20 NextEra Energy Resources ........................................................26 Environment ...................................................................................30 Social ..............................................................................................38 Governance ....................................................................................48 Risks and opportunities ...............................................................52 -
The Wind Revolution
BONUS SECTION MARKET OUTLOOK Giving Wind Direction THE FUTURE OF WIND SYSTEMS THE WIND REVOLUTION IN FOCUS Lubrication & Filtration Turbine Foundations A FOUNDATION OF BEST PRACTICES PROFILE American Chemical Technologies AUGUST 2018 windsystemsmag.com [email protected] 888.502.WORX torkworx.com FROM PROTECTING YOUR ASSETS TO POWERING OUR CITIES TOGETHER IT’S POSSIBLE Innovative lubrication that enhances performance. Wind turbines are a vital part of the electricity network, the world’s largest and most complex machine. Often operating in extreme environments, the effective lubrication of gearboxes and bearings are vital for wind turbines to deliver optimum performance. As well as offering a range of lubricants and greases, our experts are ready to share the knowledge and practices that will help ensure maximum performance, no matter what the conditions. To fi nd out how we can help you power tomorrow, go to shell.us/power © SOPUS Products 2018. All rights reserved. CS13771-01 CONTENTS MARKET OUTLOOK THE FUTURE OF WIND THE WIND REVOLUTION Forecasts show American wind power is on track to supply 10 percent of the country’s electricity by 2020. ALSO East Coast offshore wind forecast. 16 Balancing advancements and risks. 20 12 State spotlight on Wyoming. 24 PROFILE IN FOCUS American Chemical Technologies has offered its polyalkylene glycol-based lubricants to a variety of industries, and A FOUNDATION now the company is showing how it can OF BEST PRACTICES help turbine gearboxes. 34 Understanding what to look for today can save millions tomorrow when it comes to inspections and maintenance of turbine foundations. 28 SIGNIFICANT ENERGY BENEFITS Sine pumps optimize high viscosity resin delivery for Enercon, one of the world’s largest wind CONVERSATION turbine manufacturers. -
Presentation Title Information
Wolfe Research 2018 Power & Gas Leaders Conference Jim Robo Chairman and CEO, NextEra Energy October 3, 2018 Cautionary Statements And Risk Factors That May Affect Future Results This presentation includes forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. The factors that could cause actual results to differ are discussed in the Appendix herein and in NextEra Energy’s and NextEra Energy Partners’ SEC filings. Non-GAAP Financial Information This presentation refers to certain financial measures that were not prepared in accordance with U.S. generally accepted accounting principles. Reconciliations of historical non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix herein. 2 NextEra Energy achieved strong financial results in the first half of 2018 NextEra Energy First Half 2018 Results Adjusted EPS(1) • NEE achieved year-over-year growth of ~12% in adjusted EPS • Continued execution on our best-in- class customer value proposition at FPL $4.04 – Regulatory capital employed growth of (2) $3.62 ~13% year-over-year • Outstanding origination success at Energy Resources – Added over 2,600 MW of renewables to backlog • Announced acquisition of Gulf Power, Florida City Gas and the Stanton and Oleander natural gas power plants H1 2017 H1 2018 – Florida City Gas closed in July 2018 – Gulf Power and natural gas plants granted Hart-Scott-Rodino antitrust clearance 1) See Appendix for reconciliation -
Oregon Offshore Wind Site Feasibility and Cost Study
Oregon Offshore Wind Site Feasibility and Cost Study Walter Musial,1 Philipp Beiter,1 Jake Nunemaker,1 1 2 3 Donna Heimiller, Josh Ahmann, and Jason Busch 1 National Renewable Energy Laboratory 2 Parametrix 3 Pacific Ocean Energy Trust NREL is a national laboratory of the U.S. Department of Energy Technical Report Office of Energy Efficiency & Renewable Energy NREL/TP-5000-74597 Operated by the Alliance for Sustainable Energy, LLC October 2019 This report is available at no cost from the National Renewable Energy Laboratory (NREL) at www.nrel.gov/publications. Contract No. DE-AC36-08GO28308 Oregon Offshore Wind Site Feasibility and Cost Study Walter Musial,1 Philipp Beiter,1 Jake Nunemaker,1 1 2 3 Donna Heimiller, Josh Ahmann, and Jason Busch 1 National Renewable Energy Laboratory 2 Parametrix 3 Pacific Ocean Energy Trust This report is available from the Bureau of Ocean Energy Management by referencing OCS Study BOEM 2019-046. Suggested Citation Musial, Walter, Philipp Beiter, Jake Nunemaker, Donna Heimiller, Josh Ahmann, and Jason Busch. 2019. Oregon Offshore Wind Site Feasibility and Cost Study. NREL/TP-5000-74597. nrel.gov/docs/fy20osti/74597.pdf. NREL is a national laboratory of the U.S. Department of Energy Technical Report Office of Energy Efficiency & Renewable Energy NREL/TP-5000-74597 Operated by the Alliance for Sustainable Energy, LLC October 2019 This report is available at no cost from the National Renewable Energy National Renewable Energy Laboratory Laboratory (NREL) at www.nrel.gov/publications. 15013 Denver West Parkway Golden, CO 80401 Contract No. DE-AC36-08GO28308 303-275-3000 • www.nrel.gov NOTICE This work was authored in part by the National Renewable Energy Laboratory, operated by Alliance for Sustainable Energy, LLC, for the U.S. -
Nextera Energy Inc. Revenue Decomposition
Krause Fund Research 2 Spring 2021 NextEra Energy, Inc. (NYSE: NEE) Stock Rating: Utilities th April 16 , 2021 HOLD Analysts z Caleb Fitch Jerome Mays Guy Renquist Grant Wambold [email protected] [email protected] [email protected] [email protected] Investment Thesis Target Price: $85.47-$89.85 Drivers of Thesis: Model Prices • Two of NextEra’s largest subsidiaries, Florida Power and Light (FPL) DCF $87.66 and Gulf Power, are set to see large increases in demand for their services DDM $87.85 in 2021 and 2022. FPL and Gulf Power provide public electricity services to Relative PE $29.95 a large majority of the popular vacation destinations in Florida. As the vaccine Price Data rollout continues in the U.S. and the COVID-19 pandemic draws to a close, Current Price $80.94 safety concerns will diminish. As this happens, we expect Americans to 52-week Low $55.66 increase travel and head to NextEra’s rate-regulated service areas. This 52-week High $87.69 expectation is built into our model with combined revenue growth of 13% in $1 2021 and 6.7% in 2022 for both segments. Key Statistics • NextEra Energy Resources (NEER) will grow at an accelerated rate as Market Capitalization $158.76 B more businesses and consumers look for cleaner energy sources and the Shares Outstanding 1.96 B market for electric vehicle infrastructure expands. NEER is the largest EPS (2021E) $2.15 provider of energy sourced from the wind and sun in the World. NEER’s P/E Ratio (TTM) 54.0 attractive generating portfolio will draw in more customers who are looking Forward P/E Ratio 37.1 for electricity sourced from renewables. -
Wind Farm Values and Impacts in Klickitat County
Wind Farm Values and Impacts in Klickitat County Prepared by: Joseph Gonyeau Current Revision May 23, 2011 - 1 - Table of Contents Page 1.0 Overview 4 2.0 Conclusion and Recommendations 4 3.0 Summary 5 4.0 Comparables to determine Fair Market Value 5 4.1 $2.82 million/Mw 4.2 $2.37 million/mw 4.3 $2.21 million/Mw 4.4 $ 2.15 million/Mw 4.5 $ 2 million/Mw 4.6 $ 2 million/Mw 4.7 $1.86 million/Mw 4.8 $1.67 million/Mw 4.9 $ 1.54 million/Mw 4.10 $1.27 million/Mw 5.0 Additional References Considered 6 5.1 Annual Report on U.S. Wind Power Installation, Cost, and Performance Trends: 2006 5.2 Wind Farms—A Valuation Primer 5.3 How much do wind turbines cost? 6.0 Tax Revenues 7 7.0 Tax Levy Assignments 7 8.0 Property Owners and Assessment Summary 8 Big Horn Wind Energy Project LLC Harvest Wind Project Northwest Wind Partners LLC Summit Power Tuolumne Wind Project LLC Windy Flats Partners New Projects Big Horn II Wind Energy Project LLC Juniper Canyon Project Phase 1 - 2 - Page 9.0 Background Information - Levy Breakdown and related Tax Code Areas (TCAs) 10 9.1 Levy Breakdown 9.2 Tax Code Areas (TCAs) of Klickitat County 10.0 Data Tables 11 10.1 Wind Projects Table – Worksheet (property data) 10.2 Wind Projects Table – Worksheet (tax impact) 10.3 Wind Projects Table – Worksheet (generation data) 11.0 Comments and Questions 12 12.0 Follow-up Data 13 - 3 - 1.0 Overview The purpose of this wind farm evaluation was to determine what was being assessed and for how much, whether the assessed value was appropriate, whether all appropriate properties were being assessed, how much was being paid in taxes, and where the tax revenues were being directed, This report addresses those items. -
May/June 2021 Investor Presentation
May/June 2021 Investor Presentation Cautionary Statements And Risk Factors That May Affect Future Results These presentations include forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. The factors that could cause actual results to differ are discussed in the Appendix herein and in NextEra Energy’s and NextEra Energy Partners’ SEC filings. Non-GAAP Financial Information These presentations refer to certain financial measures that were not prepared in accordance with U.S. generally accepted accounting principles. Reconciliations of those non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix herein. Other See Appendix for definition of Adjusted Earnings, Adjusted EBITDA, CAFD expectations, and Adjusted Earnings by Source. All share-based data reflect the effect of the 4-for-1 split of NextEra Energy common stock effective October 26, 2020. “FPL” refers to Florida Power & Light Company excluding Gulf Power unless otherwise noted or when using the term “combined.” 2 NextEra Energy is comprised of strong businesses supported by a common platform • ~$152 B market capitalization(1) • ~58 GW in operation(2) • ~$132 B in total assets(3) • The largest electric utility • The world leader in in the United States by electricity generated retail MWh sales from the wind and sun Engineering & Construction Supply Chain Wind, Solar, and Fossil Generation Nuclear Generation 1) As of April 30, 2021; -
Petitioner's Confidential Exhibit No. 1 Northern Indiana Public Service
REDACTED Petitioner’s Confidential Exhibit No. 1 Northern Indiana Public Service Company LLC Page 1 VERIFIED DIRECT TESTIMONY OF ANDREW S. CAMPBELL 1 Q1. Please state your name, business address and title. 2 A1. My name is Andrew S. Campbell. I am the Director of Regulatory Support 3 & Planning for Northern Indiana Public Service Company LLC 4 (“NIPSCO”). My business address is 1500 165th Street, Hammond, Indiana 5 46320. 6 Q2. Please describe your educational and employment background. 7 A2. I graduated from Purdue University Calumet with a Bachelor of Science in 8 Mechanical Engineering and graduate studies in Interdisciplinary 9 Engineering. Additionally, I graduated with a Master of Business 10 Administration from the University of Notre Dame. I began my 11 employment with NIPSCO in June of 2009 as an Operations Analysis 12 Engineer. In September of 2011, I was promoted to the Manager of 13 Operations & Market Support and, in May of 2013, assumed the role of 14 Manager of Planning & Regulatory Support. In September of 2017, I was 15 promoted to my current role as Director of Regulatory Support & Planning. 16 Prior to joining NIPSCO, I worked as an engineer for an industrial Confidential – Excluded from public access per A.R. 9(G) REDACTED Petitioner’s Confidential Exhibit No. 1 Northern Indiana Public Service Company LLC Page 2 1 manufacturing company that specialized in engine attachments for marine 2 and small power generation applications. I am also a veteran of the Army 3 National Guard. 4 Q3. What are your responsibilities as Director of Regulatory Support & 5 Planning? 6 A3. -
Developers' Perspectives on New England's Energy Infrastructure
Developers’ Perspectives on New England’s Energy Infrastructure Needs and Challenges James Avery, Pierce Atwood LLP (moderator) Ethan Paterno, PA Consulting Group Thorn Dickinson, Avangrid Networks Thomas F. Brostrøm, DONG Energy Wind Power Jaya Velamakanni, Cyprus Creek Renewables F. Allen Wiley, NextEra Energy Resources October 20, 2017 Boston, MA NEW ENGLAND ROOTS GLOBAL EXPERTISE 3 2 Slide 12 3 Lauren Fowler, 10/4/2017 THE BEST PATH FROM QUÉBEC TO THE NEW ENGLAND ENERGY MARKET NEW ENGLAND CLEAN ENERGY CONNECT BEST ROUTE • End-to-end site control • 100 miles existing corridor • 45 miles new corridor COST COMPETITIVE • Overhead DC construction • Leveraging regional grid investments in Maine • Global purchasing power WE CAN DELIVER • Delivered $1.4 billion project on time and under budget (2015) • Experienced in Maine and regional permitting • Strong support from Maine Governor, local businesses, and host communities NECleanEnergyConnect.com 4 MASSACHUSETTS PROJECT BENEFITS LARGEST SAVINGS New England electricity customers will save more than $3.8 billion over 20 years – more than any other project. Massachusetts customers will save $150 million in electricity costs annually. LARGEST CAPACITY NECEC can deliver up to 1,200 megawatts of clean, reliable hydropower into the region’s grid. STRONGER ECONOMY Lower energy costs for businesses will increase the state’s GDP by an average of $243 million + each year and expand employment by nearly 2,000 full-time jobs. A COMMITMENT TO CLEAN NECEC’s ability to deliver a large capacity of clean hydropower allows for an unmatched contribution towards a cleaner footprint. In Massachusetts alone, NECEC will reduce carbon emissions annually by 1.4 million metric tons – the equivalent of taking 296,000 cars off the road. -
Renewable Electricity: Potential Economic Effects of Increased Commitments in Massachusetts
United States International Trade Commission Renewable Electricity: Potential Economic Effects of Increased Commitments in Massachusetts January 2021 Publication Number: 5154 Investigation Number: 332-574 United States International Trade Commission Commissioners Jason E. Kearns, Chair Randolph J. Stayin, Vice Chair David S. Johanson Rhonda K. Schmidtlein Amy A. Karpel Catherine DeFilippo Director, Office of Operations Jonathan Coleman Director, Office of Industries Address all communications to Office of External Relations ([email protected]) United States International Trade Commission Washington, DC 20436 United States International Trade Commission Renewable Electricity: Potential Economic Effects of Increased Commitments in Massachusetts January 2021 Publication Number: 5154 Investigation Number: 332-574 This report was prepared principally by: Project Leader Diana Friedman Deputy Project Leader Tricia Mueller Office of Industries Brian Daigle, Andrew David, Jennifer Powell, Allison Utomi, Heather Wickramarachi Office of Economics David Riker, Samantha Schreiber Office of Analysis and Research Services Conor Hargrove, Maureen Letostak Content Reviewers Martha Lawless, Marinos Tsigas Statistical Reviewers Russell Duncan Editorial Reviewers Peg Hausman, Judy Edelhoff Production Support Byron Barlow, Gwenetta Duvall, Monica Sanders Under the direction of Robert Carr Natural Resources and Energy Division Office of Industries Table of Contents Table of Contents Glossary of Terms ............................................................................................ -
Ashtabula Dedicated As Largest Wind Farm in North
ENERGYnow A publication for and about FPL Group employees Vol. 1 No. 5 Inside This Issue 2 Employees are the difference / Leadership Perspective: Awesome record 3 Leadership Perspective: Plan for the future / Hybrid fleet announced 4 Interim review begins with self evaluation / FPL Group Connection 5 Great Question: What is SAP One and how will it benefit the company? / Did You Know: Map shows system detail Ashtabula Wind Energy Center wind turbines serve as a backdrop as NextEra Energy Resources Senior Vice President of Development Mike O’Sullivan (center), joins North Dakota Gov. John Hoeven as he cuts the dedication ribbon at the company’s largest wind facility in the 6-8 state. They are joined by (l-r) Chuck McFarlane, president of Otter Tail Power Company; Dave Loer, president and CEO of Minnkota Power Input drives Distribution actions / Cooperative; Commissioner Kevin Cramer, North Dakota Public Service Commission; and John DiDonato, NextEra Energy Resources vice Engagement Update: A focus on president of Development. trust / Managing your career is easy / Spotlight on Health: Save Ashtabula dedicated as largest wind farm in with network providers / Health Champion: Freedom from unhealthy habits / Recognizing North Dakota; can power 58,000+ homes Zero Today! / Training saves elderly woman Celebrating the largest wind farm in North Dakota, Otter Tail Power Company owns 32 of the turbines. NextEra Energy Resources Senior Vice President Mike “Ashtabula Wind Energy Center is a good example of 9 O’Sullivan, North Dakota Gov. John Hoeven and about Residents receive how we’re building a multi-resource energy industry in ® 200 other local community leaders and guests last makeovers / Care to Share North Dakota,” said Gov. -
February/March 2021 Investor Presentation
February/March 2021 Investor Presentation Cautionary Statements And Risk Factors That May Affect Future Results These presentations include forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. The factors that could cause actual results to differ are discussed in the Appendix herein and in NextEra Energy’s and NextEra Energy Partners’ SEC filings. Non-GAAP Financial Information These presentations refer to certain financial measures that were not prepared in accordance with U.S. generally accepted accounting principles. Reconciliations of those non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix herein. Other See Appendix for definition of Adjusted Earnings. All share-based data reflect the effect of the 4-for-1 split of NEE common stock effective October 26, 2020. All financial results for Florida Power & Light as of December 31, 2020 exclude financial results attributable to Gulf Power. On January 1, 2021, FPL and Gulf Power merged, with FPL as the surviving entity. However, FPL will continue to be regulated as two separate ratemaking entities. FPL and Gulf Power will continue to be separate operating segments of NEE through 2021. 2 NextEra Energy is comprised of strong businesses supported by a common platform • ~$170 B market capitalization(1) • ~57 GW in operation(2) • ~$128 B in total assets(3) • The largest electric utility • The world leader in in the United States by