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MarketScreener Homepage  >  Equities  >  Nyse  >  NextEra Energy    NEE


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NextEra Energy : Gexa Energy Achieves Ambitious 100% Renewable Energy Goal

11/16/2020 | 09:05am EST

HOUSTON, Nov. 16, 2020/PRNewswire/ -- Gexa Energy, a leading Texasretail electricity provider, announced today that it has reached its goal of shifting all residential plans to 100% renewable energy and providing every residential customer with green power at no additional cost.

A recent study showed that 70% of Americans expect electricity generation to become cleaner over time.1Gexa Energy has boldly responded to that demand. In August 2019Gexa announced that it planned to make the delivery of green power a strategic focus and source all electricity plans from clean energy.

Today's announcement is an important milestone for that initiative, which benefits every one of the company's 200,000-plus residential customers.

'Renewable energy truly is our future,' said Gexa Energy President Brian Landrum. 'Renewable energy is good for customers and the environment, and increasingly, the economics of renewable energy make it good for business, too. It's a win all around, and we've got big plans for the state of Texas.'

Gexa is also part of environmental efforts extending well beyond the Lone Star State. Gexa's parent company, NextEra Energy Resources, is the world's largest generator of renewable energy from the wind and sun. The company currently operates more than 19,000 megawatts of wind and solar generation in North America.

Gexa Energy is able to offer 100% green electricity plans by purchasing and retiring renewable energy certificates (RECs) from wind and solar producers to match its customers' electricity usage. Each REC represents one megawatt-hour of green power that has been added to the grid. Buying RECs helps fund further development of green energy efforts.

'Gexa is very proud to offer Texans affordable green energy plans at no extra cost,' Landrum said. 'And we're fully committed to keep introducing additional plans, products and services that help people consume energy wisely.'

About Gexa Energy, LP
(PUCT # 10027) Since entering the Texasderegulated energy market in 2002, Gexa Energy, LP, has established itself as one of the leading retail electricity providers for residential and commercial customers in the state of Texas. Gexa Energy, LP is a subsidiary of NextEra Energy, Inc. (NYSE: NEE), a leading clean energy company. For additional information about Gexa Energy, visit www.GexaEnergy.com or call 866-961-9399.

1 Consumer Reports 2018 Energy Utilities Survey Report Introduction …' https://advocacy.consumerreports.org/wp-content/uploads/2018/10/CR-2018-Energy-Utilities-Survey-Report-1.pdf. Accessed 26 Jul. 2019.

SOURCE Gexa Energy, LP


NextEra Energy Inc. published this content on 16 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2020 14:04:00 UTC

© Publicnow 2020
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Sales 2020 19 683 M - -
Net income 2020 3 881 M - -
Net Debt 2020 48 403 M - -
P/E ratio 2020 40,4x
Yield 2020 1,71%
Capitalization 161 B 161 B -
EV / Sales 2020 10,6x
EV / Sales 2021 10,2x
Nbr of Employees 14 800
Free-Float 99,8%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 82,53 $
Last Close Price 82,04 $
Spread / Highest target 18,2%
Spread / Average Target 0,59%
Spread / Lowest Target -17,1%
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James L. Robo Chairman, President & Chief Executive Officer
Rebecca Jones Kujawa Chief Financial Officer & Executive Vice President
James Lawrence Camaren Independent Director
Sherry S. Barrat Lead Independent Director
Rudy Everett Schupp Independent Director
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