Item 7.01 Regulation FD Disclosure
On June 14, 2022, at NextEra Energy, Inc.'s (NEE) 2022 Investor Conference in
New York, NY, members of NEE's senior management team plan to discuss, among
other things, that NEE is increasing its adjusted earnings per share
expectations for 2022, 2023, 2024 and 2025, subject to the usual caveats. NEE
now expects adjusted earnings per share for 2022, 2023, 2024 and 2025 to be in
the range of $2.80 to $2.90, $2.98 to $3.13, $3.23 to $3.43 and $3.45 to $3.70,
respectively.
The adjusted earnings expectations exclude the cumulative effect of adopting new
accounting standards; the effects of non-qualifying hedges and unrealized gains
and losses on equity securities held in NextEra Energy Resources, LLC's nuclear
decommissioning funds and other than temporary impairments, none of which can be
determined at this time. Adjusted earnings expectations also exclude the effects
of NextEra Energy Partners, LP net investment gains, differential membership
interests-related and an impairment charge and ongoing costs related to NEE's
investment in Mountain Valley Pipeline, LLC. In addition, adjusted earnings
expectations assume, among other things, normal weather and operating
conditions; positive macroeconomic conditions in the U.S. and Florida;
supportive commodity markets; current forward curves; public policy support for
wind and solar development and construction; market demand and transmission
expansion to support wind and solar development; market demand for pipeline
capacity; access to capital at reasonable cost and terms; divestitures to
NextEra Energy Partners, LP; no acquisitions; no adverse litigation decisions;
and no changes to governmental policies or incentives. Please see the
accompanying cautionary statements for a list of the risk factors that may
affect future results. Expected adjusted earnings amounts cannot be reconciled
to expected net income because net income includes the effect of certain items
which cannot be determined at this time. NEE's management uses adjusted
earnings, which is a non-GAAP financial measure, internally for financial
planning, analysis of performance, reporting of results to the board of
directors and as an input in determining performance-based compensation under
the company's employee incentive compensation plans. NEE also uses earnings
expressed in this fashion when communicating its financial results and earnings
outlook to analysts and investors.
Investors and other interested parties can access a copy of the presentation
materials at www.NextEraEnergy.com/investors.
Cautionary Statements and Risk Factors That May Affect Future Results
This Form 8-K contains "forward-looking statements" within the meaning of the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are not statements of historical facts, but instead
represent the current expectations of NextEra Energy, Inc. (together with its
subsidiaries, NextEra Energy) regarding future operating results and other
future events, many of which, by their nature, are inherently uncertain and
outside of NextEra Energy's control. Forward-looking statements in this Form 8-K
include, among others, statements concerning adjusted earnings per share
expectations and future operating performance. In some cases, you can identify
the forward-looking statements by words or phrases such as "will," "may result,"
"expect," "anticipate," "believe," "intend," "plan," "seek," "potential,"
"projection," "forecast," "predict," "goals," "target," "outlook," "should,"
"would" or similar words or expressions. You should not place undue reliance on
these forward-looking statements, which are not a guarantee of future
performance. The future results of NextEra Energy and its business and financial
condition are subject to risks and uncertainties that could cause actual results
to differ materially from those expressed or implied in the forward-looking
statements, or may require it to limit or eliminate certain operations. These
risks and uncertainties include, but are not limited to, those discussed in this
Form 8-K and the following: effects of extensive regulation of NextEra Energy's
business operations; inability of NextEra Energy to recover in a timely manner
any significant amount of costs, a return on certain assets or a reasonable
return on invested capital through base rates, cost recovery clauses, other
regulatory mechanisms or otherwise; impact of political, regulatory, operational
and economic factors on regulatory decisions important to NextEra Energy;
disallowance of cost recovery based on a finding of imprudent use of derivative
instruments; effect of any reductions or modifications to, or elimination of,
governmental incentives or policies that support utility scale renewable energy
projects or the imposition of additional tax laws, tariffs, duties, policies or
assessments on renewable energy or equipment necessary to generate it or deliver
it; impact of new or revised laws, regulations, interpretations or
constitutional ballot and regulatory initiatives on NextEra Energy; capital
expenditures, increased operating costs and various liabilities attributable to
environmental laws, regulations and other standards applicable to NextEra
Energy; effects on NextEra Energy of federal or state laws or regulations
mandating new or additional limits on the production of greenhouse gas
emissions; exposure of NextEra Energy to significant and increasing compliance
costs and substantial monetary penalties and other sanctions as a result of
extensive federal regulation of its operations and businesses; effect on NextEra
Energy of changes in tax laws, guidance or policies as well as in judgments and
estimates used to determine tax-related asset and liability amounts; impact on
NextEra Energy of adverse results of litigation; effect on NextEra Energy of
failure to proceed with projects under development or inability to complete the
construction of (or capital improvements to) electric generation, transmission
and distribution facilities, gas infrastructure facilities or other facilities
on schedule or within budget; impact on development and operating activities of
NextEra Energy resulting from risks related to project siting, planning,
financing, construction, permitting, governmental approvals and the negotiation
of project development agreements, as well as supply chain disruptions; risks
involved in the operation and maintenance of electric generation, transmission
and distribution facilities, gas infrastructure facilities, retail gas
distribution system in Florida and other facilities; effect on NextEra Energy of
a lack of growth or slower growth in the number of customers or in customer
usage; impact on NextEra Energy of severe weather and other weather conditions;
threats of terrorism and
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catastrophic events that could result from terrorism, cyberattacks or other
attempts to disrupt NextEra Energy's business or the businesses of third
parties; inability to obtain adequate insurance coverage for protection of
NextEra Energy against significant losses and risk that insurance coverage does
not provide protection against all significant losses; a prolonged period of low
gas and oil prices could impact NextEra Energy's gas infrastructure business and
cause NextEra Energy to delay or cancel certain gas infrastructure projects and
could result in certain projects becoming impaired; risk of increased operating
costs resulting from unfavorable supply costs necessary to provide full energy
and capacity requirement services; inability or failure to manage properly or
hedge effectively the commodity risk within its portfolio; effect of reductions
in the liquidity of energy markets on NextEra Energy's ability to manage
operational risks; effectiveness of NextEra Energy's risk management tools
associated with its hedging and trading procedures to protect against
significant losses, including the effect of unforeseen price variances from
historical behavior; impact of unavailability or disruption of power
transmission or commodity transportation facilities on sale and delivery of
power or natural gas; exposure of NextEra Energy to credit and performance risk
from customers, hedging counterparties and vendors; failure of counterparties to
perform under derivative contracts or of requirement for NextEra Energy to post
margin cash collateral under derivative contracts; failure or breach of NextEra
Energy's information technology systems; risks to NextEra Energy's retail
businesses from compromise of sensitive customer data; losses from volatility in
the market values of derivative instruments and limited liquidity in
over-the-counter markets; impact of negative publicity; inability to maintain,
negotiate or renegotiate acceptable franchise agreements; occurrence of work
strikes or stoppages and increasing personnel costs; NextEra Energy's ability to
successfully identify, complete and integrate acquisitions, including the effect
of increased competition for acquisitions; environmental, health and financial
risks associated with ownership and operation of nuclear generation facilities;
liability of NextEra Energy for significant retrospective assessments and/or
retrospective insurance premiums in the event of an incident at certain nuclear
generation facilities; increased operating and capital expenditures and/or
reduced revenues at nuclear generation facilities resulting from orders or new
regulations of the Nuclear Regulatory Commission; inability to operate any of
NextEra Energy's owned nuclear generation units through the end of their
respective operating licenses; effect of disruptions, uncertainty or volatility
in the credit and capital markets or actions by third parties in connection with
project-specific or other financing arrangements on NextEra Energy's ability to
fund its liquidity and capital needs and meet its growth objectives; inability
to maintain current credit ratings; impairment of liquidity from inability of
credit providers to fund their credit commitments or to maintain their current
credit ratings; poor market performance and other economic factors that could
affect NextEra Energy's defined benefit pension plan's funded status; poor
market performance and other risks to the asset values of nuclear
decommissioning funds; changes in market value and other risks to certain of
NextEra Energy's investments; effect of inability of NextEra Energy subsidiaries
to pay upstream dividends or repay funds to NextEra Energy or of NextEra
Energy's performance under guarantees of subsidiary obligations on NextEra
Energy's ability to meet its financial obligations and to pay dividends on its
common stock; the fact that the amount and timing of dividends payable on
NextEra Energy's common stock, as well as the dividend policy approved by
NextEra Energy's board of directors from time to time, and changes to that
policy, are within the sole discretion of NextEra Energy's board of directors
and, if declared and paid, dividends may be in amounts that are less than might
be expected by shareholders; NextEra Energy Partners, LP's inability to access
sources of capital on commercially reasonable terms could have an effect on its
ability to consummate future acquisitions and on the value of NextEra Energy's
limited partner interest in NextEra Energy Operating Partners, LP; effects of
disruptions, uncertainty or volatility in the credit and capital markets on the
market price of NextEra Energy's common stock; and the ultimate severity and
duration of public health crises, epidemics and pandemics, and its effects on
NextEra Energy's business. NextEra Energy discusses these and other risks and
uncertainties in its annual report on Form 10-K for the year ended December 31,
2021 and other Securities and Exchange Commission (SEC) filings, and this Form
8-K should be read in conjunction with such SEC filings. The forward-looking
statements made in this Form 8-K are made only as of the date of this Form 8-K
and NextEra Energy undertakes no obligation to update any forward-looking
statements.
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