This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

NextEra Energy Delivered Strong Performance In 2012 And Is Positioned Well For Future Growth, President And CEO Tells Shareholders

Stocks in this article: NEE

DALLAS, May 24, 2013 /PRNewswire-FirstCall/ -- NextEra Energy, Inc. (NYSE: NEE) extended its record of delivering value to shareholders in 2012 as the company successfully executed the largest capital investment program in its history, President and Chief Executive Officer Jim Robo said at the company's annual meeting on May 23.

(Logo:  http://photos.prnewswire.com/prnh/20110124/FL34682LOGO )

In a Business Update, Robo reviewed the company's major accomplishments:

  • Florida Power & Light Company, NextEra Energy's principal rate-regulated utility subsidiary, invested more than $4 billion in 2012 to continue to strengthen a customer value proposition that includes high reliability, award-winning customer service, a clean emissions profile and the lowest typical residential customer bill in Florida. The Florida Public Service Commission approved a four-year settlement to FPL's rate case that the company believes is fair for both customers and shareholders, and FPL successfully completed Extended Power Uprates at the St. Lucie units 1 and 2 and Turkey Point unit 3 nuclear facilities.
  • NextEra Energy Resources, LLC, the company's competitive energy business, added roughly 1,500 MW of new U.S. wind projects to its portfolio in 2012, marking the largest wind program ever completed in the U.S. in a single year. The company's wind portfolio operates in 19 states and four Canadian provinces, representing a total capital investment of more than $15 billion.
  • Lone Star Transmission, LLC, the company's 330-mile rate-regulated transmission line in Texas, was energized on time and under budget earlier in 2013. NextEra Energy's nearly $7 billion in investments in the state also includes more than 5,400 megawatts of generating capacity and the Texas-based retail electricity provider Gexa, which serves more than 200,000 residential and industrial customers across 14 states and the District of Columbia.

"NextEra Energy had a terrific 2012," Robo said. "Each of our major businesses contributed to our successful performance, and we had our best year ever for safety. NextEra Energy has highly visible growth opportunities through 2016 that are supported by one of the strongest balance sheets in the industry."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs