DOCSLIB.ORG

Solving America's Energy Challenges

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Solving America's Energy Challenges SOLVING AMERICA’S ENERGY CHALLENGES Annual Report 2014 Leading the World in Generating Power from the Wind and Sun NextEra Energy, Inc. Financial Highlights Year End ($ in millions, except per share amounts) » A leading clean energy company 300 % CHANGE 2014 2013 » Approximately 44,900 megawatts of % total shareholder return Net Income Attributable to generating capacity NextEra Energy, Inc. over the last decade, » $ S 29.2 % $ 1,908 Approximately 13,800 employees in outperforming our peers 2,465 27 states and Canada and the S&P 500 Earnings Per Share Attributable to NextEra Energy, Inc. (assuming dilution) $ 5.60 S % $ 4.47 Dec. 31, 2004 – Dec. 31, 2014 25.3 with dividend reinvestment Operating Revenues $ 17,021 S 12.5 % $ 15,136 Florida Power & Operating Income Light Company $ 4,384 S 35.3 % $ 3,241 Cash Flows from Operating Activities » Third-largest U.S. electric utility $ 5,500 S 7.8 % $ 5,102 » Typical residential customer bill Total Assets approximately 25 percent lower than national average 151% $ 74,929 S 8.1 % $ 69,306 S&P 500 » 99.98 percent service reliability 141% Utilities Index » S&P 500 Common Stock Data One of the cleanest power plant fleets Electric Weighted-Average Shares Outstanding Utilities (assuming dilution – millions) Index 440 S 3.0 % 427 % 109 Dividends Per Share S&P 500 $ 2.90 S 9.8 % $ 2.64 Book Value Per Share $ 45.48 S 9.7 % $ 41.44 NextEra Energy Resources Market Price Per Share (high – low) $ 110.84 – $ 89.75 – » World's largest generator of wind and 83.97 69.81 solar energy in 2014 » Wind farms in 19 states and four Canadian provinces Operating Data Utility Energy Sales (kilowatt-hour – millions) » Solar energy centers in four states 113,196 S % 107,643 and Canada 5.2 FPL Customer Accounts (thousands) 4,739 S 1.4 % 4,672 Employees (approximately) 13,800 T (0.7) % 13,900 FORWARD-LOOKING STATEMENTS: This report includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, strategies, future events or performance (often, but not always, through the use of words or phrases such as may result, are expected to, will continue, is anticipated, aim, believe, will, could, should, would, estimated, may, plan, potential, future, projection, goals, target, outlook, predict and intend or words of similar meaning) are not statements of historical facts and may be forward looking. Forward-looking statements involve estimates, assumptions and uncertainties. Accordingly, any such statements are qualified in their entirety by reference to important factors included in Part I, Item 1A. Risk Factors on pages 25-36 of the enclosed Form 10-K (in addition to any assumptions and other factors referred to specifically in connection with such forward-looking statements) that could have a significant impact on NextEra Energy’s operations and financial results, and could cause NextEra Energy’s actual results to differ materially from those contained or implied in forward-looking statements made by or on behalf of NextEra Energy in this report, in presentations, on its website, in response to questions or otherwise. Any forward-looking statement speaks only as of the date on which such statement is made, and NextEra Energy undertakes no obligation to update any forward-looking statement to reflect events or circumstances, including, but not limited to, unanticipated events, after the date on which such statement is made, unless otherwise required by law. New factors emerge from time to time and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained or implied in any forward-looking statement. ON THE COVER: Clockwise from upper left: FPL's Power Delivery Diagnostic Center, Jupiter, Fla.; FPL's Turkey Point Nuclear Power Plant, Florida City, Fla.; NextEra Energy Resources' Majestic Wind Energy Center, Carson and Potter counties, Texas; NextEra Energy Resources' Desert Sunlight Solar Energy Center, Riverside County, Calif. Solving America’s Energy Challenges James L. Robo Chairman and Chief Executive Officer To our shareholders: Our company completed an outstanding earnings per share increased at a a compounded annual rate of 8.4 percent year in 2014. We continued to execute on compounded annual rate of 7.8 percent. for the 10 years ended Dec. 31, 2014. many major capital projects across North In February 2015, our board of directors Our company delivered a total America, several of which we brought announced an increase in our quarterly shareholder return of 28 percent in 2014, online this year. We delivered exceptional dividend to 77 cents per share, an which was just under the 29 percent operational and financial performance. increase of 6.2 percent from last year. return of the S&P 500 Utilities Index and Our core businesses are well positioned This quarterly dividend is consistent with about twice the return of the S&P 500 for further growth, and we also identified targeting a payout ratio of 55 percent Index. For the 10 years ended Dec. 31, multiple new opportunities to leverage our in 2015, expressed relative to adjusted 2014, our total shareholder return was skills and strengths to expand our position earnings, and reflects the shift in our 300 percent, compared to 151 percent in additional markets. Our vision has not portfolio mix toward more regulated and for the S&P 500 Utilities Index and 109 changed: We aim to be North America’s long-term contracted assets. percent for the S&P 500 Index. NextEra leader in the generation and delivery of Energy ended 2014 with the second- Our performance in 2014 delivered great clean energy – in every region and market largest market capitalization in the United value to our broad range of stakeholders, where economics are favorable, through States, and fifth-largest in the world, yet our nation still faces significant the deployment of diverse technologies, among electric utility companies.2 challenges as it moves toward a clean and at multiple points in the energy and energy future. Residential and business power value chain. We believe that we are NextEra Energy also continues to deliver customers want more tools to control better prepared than any other company to consistent dividend growth to our their energy use and to reduce their help solve our nation’s energy challenges. investors. Our dividends per share grew at monthly bills. States and communities NextEra Energy, Inc. (NYSE: NEE) Dividends Per Share want greater investment in clean energy delivered very strong value for our 2004 – 2014 at the lowest cost and without sacrificing shareholders in 2014. We generated Dividend amounts for 2004 are adjusted for the reliability. National leaders seek to reduce stock split effective in March 2005 adjusted earnings of $2.3 billion, or $5.30 $2.90 emissions, to rely less on foreign fuels, per share.1 This increase of 6.6 percent and to strengthen the grid against natural in adjusted earnings per share from 2013 events and emerging threats. We believe includes a one-time negative impact of NextEra Energy has the scale, skills and $130 about $0.15 per share associated with . 8.4% scope to partner with all our stakeholders Compound Annual the successful launch of NextEra Energy Growth Rate to help solve our energy challenges. And Partners, LP (NYSE: NEP). For the 10 we believe our accomplishments in 2014 years ended Dec. 31, 2014, our adjusted 2004 2014 have made us an even better partner. 1 See page AR-7 for reconciliation of adjusted amounts to GAAP amounts. 2 Source: FactSet Research Systems. ANNUAL REPORT AR-1 Florida Power & $100 million below 2012 levels. This strengthen our power delivery network Light Company improvement is due, in large part, to to improve reliability. FPL now operates our team’s successful execution of one of the most modern, clean, fuel- At Florida Power & Light Company, we numerous ideas generated through efficient and low-carbon generation invested approximately $3.1 billion in Project Momentum, our corporate-wide fleets in the nation. 2014 to strengthen Florida’s electric productivity initiative. FPL’s operational In December 2014, FPL received infrastructure and to help us serve our excellence has helped further lower our regulatory approval from the Florida customers even better. More than 4.7 customers’ bills: In January 2015, FPL’s Public Service Commission (PSC) for its million homes and businesses in Florida typical residential customer electric bill first investment in natural gas supplies. benefit from FPL’s customer value was reduced by nearly $2 per month. We expect that this investment in the proposition that includes high reliability, And beginning in May 2015, savings on Woodford Shale region in Oklahoma award-winning customer service, a clean fuel are expected to enable an additional will save money for FPL customers and emissions profile, and a typical residential reduction of $3 per month on a typical reduce their exposure to long-term price customer bill that in 2014 was the lowest customer bill. among reporting electric utilities in volatility in commodity markets. We Florida and about 25 percent lower than FPL averaged approximately 68,000 have also asked the PSC to approve a the national average.3 Both residential more customers during the fourth quarter set of guidelines for future natural gas and business customers gave us our of 2014 than in the comparable prior- production projects, which would enable best-ever customer value scores in 2014. year quarter.
Load more

Recommended publications
  • 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
    [Show full text]
  • 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
    [Show full text]
  • 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.
    [Show full text]
  • 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.
    [Show full text]
  • 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;
    [Show full text]
  • 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.
    [Show full text]
  • 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.
    [Show full text]
  • 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.
    [Show full text]
  • 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
    [Show full text]
  • U.S. Wind Industry Fourth Quarter 2011 Market Report January 2012
    U.S. Wind Industry Fourth Quarter 2011 Market Report January 2012 The U.S. wind industry installed 3,444 MW during the fourth quarter of 2011, bringing total installations in 2011 to 6,810 MW. The U.S. wind industry now totals 46,919 MW through the end of 2011. There are over 8,300 MW currently under construction involving over 100 separate projects spanning 31 states plus Puerto Rico. U.S. Annual and Cumulative Wind Power Capacity The U.S. wind industry installed 6,810 MW during 2011, a 31% increase from 2010 total installations. These projects were installed across thirty U.S. states, using twenty-three different turbine manufacturers. The fourth quarter alone saw 3,444 MW commissioned – more than the first three quarters of the year combined. The cumulative installed wind capacity in the U.S. grew 17% from 2010, and now totals 46,919 MW. *** AWEA Fourth Quarter 2011 Market Report *** U.S. Wind Power Installations by Quarter 4,500 4,106 4,116 1Q 2Q 3Q 4Q 4,000 3,444 3,500 3,296 3,080 3,000 2,500 2,000 Capacity Capacity (MW 1,621 1,585 1,500 1,294 1,331 1,219 1,204 1,118 1,044 1,000 704 671 541 500 0 2008 2009 2010 2011 *** AWEA Fourth Quarter 2011 Market Report *** Wind Power Capacity Installations, Top 20 States Texas Iowa California Through 2010 1Q 2011 Illinois 2Q 2011 Minnesota 3Q 2011 Washington 4Q 2011 Oregon Oklahoma Most Capacity Installed during Capacity Colorado 2011 (MW) North Dakota California 921.3 Wyoming Illinois 692.5 New York Iowa 646.7 Minnesota 541.9 Indiana Oklahoma 525.0 Kansas Pennsylvania Fastest Growing States during 3Q 2011 Growth Rate South Dakota Ohio 929% Vermont 625% New Mexico Massachusetts 152% Wisconsin Michigan 130% Idaho Idaho 75% West Virginia 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 *** AWEA Fourth Quarter 2011 Market Report *** U.S.
    [Show full text]
  • Delivering For
    Profile 2 013 Delivering For You The 43 giant wind turbines at NextEra Energy’s Mower Wind Energy Center in southeastern Minnesota can generate enough electricity to power 33,000 homes. The company is the largest generator in North America of renewable energy from the wind and sun. Delivering Leadership NextEra Energy Highlights (2012): Next Era Energy was named No. 1 Operating revenues ........................................................................... $14.3 billion overall among electric and gas Net income .......................................................................................... $1.9 billion utilities on Fortune magazine’s 2013 list of the World’s Most Earnings Per Share (assuming dilution) ....................................................... $4.56 Admired Companies. The company was named tops in its industry Adjusted Earnings Per Share (assuming dilution) ........................................ $4.57 for an unprecedented seventh Cash Flows from Operating Activities .................................................. $4.0 billion straight year. Only six other companies – Northwestern Mutual, Total Assets ......................................................................................$64.4 billion General Electric, Procter & Gamble, Total Generating Capacity ...................................................................42,179 MW Berkshire Hathaway, Walt Disney and Nestlé – have been named Employees (year end) ................................................................................ 14,800
    [Show full text]
  • Presentation Title Information
    February 2019 Investor Presentation 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 is comprised of two strong businesses supported by a common platform • ~$83 B market capitalization(1) • ~47 GW in operation(2) • ~$104 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 Nuclear Generation Non-Nuclear Generation 1) As of January 25, 2019; Source: FactSet 2) Megawatts shown includes assets operated by Energy Resources owned by NextEra Energy Partners as of December 31, 2018 3 3) As of December 31, 2018 We have established a target to reduce our carbon emissions rate by more than 65% by 2021, off a 2001 base Creating a Sustainable Energy Future for America Investing in our Team Respecting the Environment & Sustaining Communities(2) 2,500 (1) CO2 Emissions Rate 1.1 MM Hours of employee training 2,000 Improved safety performance since 2008 Lbs NextEra 61% Per 1,500 MWh Energy ~$100 B Capital invested since 2001 1,000 $600 MM Property taxes paid to support local communities 500 88,000 Employee volunteer hours Top 50 Power Producers in U.S.
    [Show full text]