Nextera Energy Inc (NEE) News & EventsNEENextera Energy Inc

Ameren and NextEra Consortium to Develop Iowa Transmission Project

The Midcontinent Independent System Operator has selected a consortium of Ameren Transmission Company of Illinois, a subsidiary of Ameren (AEE); GridLiance Heartland, a subsidiary of NextEra Energy Transmission (NEE); and Dairyland Power Cooperative to develop, build, operate and maintain a major transmission project in Iowa. ATXI and GridLiance will lead the development of this project and own it jointly with Dairyland once it is placed in service. The East Adair - Minnesota/Iowa State Line - Arbor Hill - York Avenue project is foundational to a new 765-kilovolt backbone that will deliver safe, reliable and affordable energy to Midwest communities. MISO selected the consortium through a competitive process after determining that its proposal offered the best overall value, based on its design, execution capabilities, regulatory experience and other key factors. The total MISO estimated cost for this competitive transmission project is approximately $1.23B. ATXI, GridLiance, and Dairyland will have ownership stakes in the project of 42.5%, 42.5%, and 15%, respectively.

NextEra Energy Maintains Long-Term Financial Expectations

NextEra Energy's long-term financial expectations remain unchanged. NextEra. Energy also continues to expect a compound annual growth rate in adjusted earnings per share of 8%+ annually through 2032 and is targeting the same from 2032 through 2035, all off the 2025 base of $3.71 adjusted earnings per share. NextEra Energy also continues to expect to grow its dividends per share at a roughly 10% rate per year through 2026, off a 2024 base, and 6% per year from year-end 2026 through 2028.

NextEra Energy Reports Q3 Revenue of $8.09B

Reports Q3 revenue $8.09B, consensus $8.67B. "NextEra Energy delivered strong Q3 results, with adjusted earnings per share increasing 9.7% year-over-year, reflecting continued strong financial and operational performance at both FPL and NextEra Energy Resources," said John Ketchum, chairman, president and CEO. "Our thoughts remain with the communities across Northwest Florida devastated by Hurricane Isaias. I am incredibly proud of our employees and the thousands of contractors, mutual-assistance crews, first responders and community partners who worked around the clock to restore power safely and quickly to our customers. Their preparation, dedication, commitment and selflessness, together with our investments in a stronger, smarter and more storm-resilient grid, helped reduce the number and duration of outages and enabled us to get our customers' lives back to normal faster."