This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Statement By NextEra Energy Executive Vice President Joseph Kelliher On Proposed FERC Transmission Rule

NextEra Energy Executive Vice President for Federal Regulatory Affairs Joseph Kelliher issued the following statement today on the Federal Energy Regulatory Commission’s release of a proposed rule dealing with transmission planning and cost allocation:

“We commend FERC for issuing this important proposed rule. It’s imperative that we develop a more robust electrical grid if renewable energy is going to play a larger role in meeting the nation’s energy needs. One of the biggest barriers to a large-scale transmission build-out is figuring out how to properly allocate the costs of interstate transmission lines. The status quo is simply not working. Cost-allocation disputes are hampering grid development and discouraging development of our highest-quality, lowest-cost renewable resources. FERC’s proposed rule takes a balanced approach that tries to allocate costs in rough proportion to the benefits received. It avoids the extremes of making renewable energy developers pay the entire costs for transmission projects that have broad social benefits, and of spreading costs so broadly that those who derive no benefit are forced to pay. We look forward to working with FERC on this critical policy issue. The nation needs a 21st century electrical grid if renewable energy is ever going to achieve its full potential.”

NextEra Energy, Inc.

NextEra Energy, Inc. (NYSE:FPL), which previously operated as FPL Group, is a leading clean energy company with 2009 revenues of more than $15 billion, nearly 43,000 megawatts of generating capacity, and more than 15,000 employees in 28 states and Canada. Headquartered in Juno Beach, Fla., NextEra Energy’s principal subsidiaries are NextEra Energy Resources, LLC, the largest generator in North America of renewable energy from the wind and sun, and Florida Power & Light Company, which serves approximately 4.5 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the country. Through its subsidiaries, NextEra Energy collectively operates the third largest U.S. nuclear power generation fleet. For more information about NextEra Energy companies, visit these websites:,,

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
FPL $17.39 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs