Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire and Wisconsin. [56], In 2018, the 11th Circuit in Atlanta rejected NextEra's request for a $97M refund on costs related to the cleaning up of nuclear waste between 1969 and 1995. in the world for innovation, according to Fortune, planned investments in American infrastructure through 2022, reduction in our dependency on foreign oil since 2001, total shareholder return over the last 15 years, of high-paying American jobs created through our investments. The transaction is subject to bankruptcy court confirmation of EFH's plan of reorganization, approval by the Public Utility Commission of Texas, the expiration or termination of the waiting period under the Hart-Scott-Rodino Act, the Federal Energy Regulatory Commission and other customary conditions and approvals. NextEra Energy remains committed to maintaining its strong balance sheet. It drew criticism from Al Gore. But the damage was done and further investment was slow to take off. Reduce your carbon emissions through renewable energy sources. Copyright 2023 NextEra Energy Resources, LLC. [35], For the fiscal year 2017, NextEra Energy reported earnings of US$5.378 billion, with an annual revenue of US$17.195 billion, an increase of 6.4% over the previous fiscal cycle. sustainable energy company. JUNO BEACH, Fla., July 29, 2016 / PRNewswire / -- NextEra Energy, Inc. (NYSE: NEE) today announced a definitive agreement under which a newly formed subsidiary of NextEra Energy will acquire 100 percent of the equity of reorganized Energy Future Holdings Corp. ("EFH") and certain of its direct and indirect subsidiaries, including EFH's . The activists claimed that the Martin County power plant's water use had caused the forest's health to decline. Dominion Energy offered $14.6 billion to buy SCANA, but South Carolina lawmakers harshly criticized the proposal over a lack of future taxpayer relief. Headquartered in Juno Beach, Fla., NextEra Energy's principal subsidiaries are Florida Power & Light Company, which serves more than 4.8 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun. Access additional case information on PACER NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the worlds largest generator of renewable energy from the wind and sun and a world leader in battery storage. As one of America's largest capital investors in infrastructure, with between $50 and $55 billion in new infrastructure investments planned through 2022, we're helping ensure that the next energy to power our dreams will be American energy. NextEra Energy owns Florida Power & Light Company, which is Americas largest electric utility that sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.8 million customer accounts, or more than 12 million people across Florida. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. Other companies abandoned the state entirely. Were leading the industry in clean energy generation, and were committed to environmental protection and stewardship. We develop, build, finance and operate the systems. Trinity Operating (USG), LLC et al FBC Royalty Partners, LLC v. Trinity Operating (USG), LLC et al RSS Track this Docket Docket Report This docket was last retrieved on March 8, 2021. [54][55], On 5 January 2009, 30 environmental activists staged a five-day vigil along the Barley Barber Swamp to draw attention to what they claimed were damages being wrought by the power company's 3,705 megawatt Martin County plant. In May 2018, NextEra Energy announced that it planned to buy Gulf Power Company, the largest electricity producer in Northwest Florida, from Southern Company in a $6.4 billion deal, pending approval from regulators. [46] "It's going to be a crusher for the solar industry," said Rutherford, founder of Tampa Bay Solar. The transaction provides workforce stability and protections for Oncor employees. A replay will be available by accessing the same link as listed above. The company ranked 167th on the 2018 Fortune 500 of the largest United States corporations by revenue.[7]. All rights reserved. A subscription to PACER is required. NextEra Energy will host a conference call and webcast to discuss this announcement at 9 a.m. Power 2016 Electric Utility Residential Customer Satisfaction Study. We look forward to working closely with Oncor's leadership team and filing our joint application with the Public Utility Commission of Texas. March 18, 2022, 10:00 AM PDT. [40] In November 2021, the voters of Maine approved a ballot initiative to prohibit construction of the $1 billion transmission line project, which had been represented as a choice between clean energy and the protection of pristine woodlands. Forward-looking statements are typically identified by words or phrases such as "may," "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "predict," and "target" and other words and terms of similar meaning. (832) 833-2700. Since 1999, NextEra Energy has had a significant and established presence in Texas, including Lone Star Transmission, LLC, a transmission service provider. All across the country, people are fighting the coronavirus pandemic. Each forward-looking statement speaks only as of the date of the particular statement and NEE does not undertake any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. This docket was last retrieved on March 8, 2021. Location. With creditor repayment composed primarily of cash, the transaction would deliver a high degree of certainty of value to the EFH bankruptcy estate. Nuclear plants produce virtually no air emissions, representing a responsible energy choice as climate change concerns intensify. [30], In January 2018, NextEra Energy, along with Entergy, withdrew from the Nuclear Energy Institute (NEI) over disagreements on the trade group's agenda. Where permitted by applicable law, NextEra requires all employees and new hires to be fully vaccinated for COVID-19 or be willing to receive the COVID-19 vaccination prior to first day of employment. Trinity Operating (USG), LLC Nextera Energy Resources Attorney/Law Firm Details Plaintiff Attorneys Michael P. Womack Attorney at Mullican & Hart, PC 15 E Fifth St, Ste 2200 Tulsa, OK 74103 Jose Gonzalez Attorney at Mullican & Hart, PC 15 E Fifth St, Ste 2200 Tulsa, OK 74103 Defendant Attorneys J. Kevin Hayes Conserve natural resources, reduce and repurpose waste. ET (7 a.m. CT) on the day of the webcast. [37] In a complaint to federal regulators, the rival company said NextEra had taken every opportunity, both in the open and behind the scenes, to oppose, delay, and derail the project, including funding opposition groups because the hydropower would have provided competition to NextEra's oil-fired power plant in Yarmouth. [42] As a group they spent $20 million promoting a failed ballot initiative in Florida that would have curbed rooftop solar installations. LEARN MORE 3 Trinity Operating is part of the Energy, Utilities & Waste industry, and located in Texas, United States. [16], In December 2005, FPL Group announced an $11 billion all-stock acquisition of Maryland-based Constellation Energy Group. Such forward-looking statements include, but are not limited to, statements about the anticipated benefits of the proposed merger involving NEE and EFH, including future financial or operating results of NEE or Oncor, NEE's, EFH's or Oncor's plans, objectives, expectations or intentions, the expected timing of completion of the transaction, the value, as of the completion of the merger or as of any other date in the future, of any consideration to be received in the merger in the form of stock or any other security, and other statements that are not historical facts. More sustainable. Building partnerships in our communities. Receive SEC filings, Events, Press Releases and Stock Price Alerts. NextEra Energy's balance sheet and credit rating are among the strongest in the industry. Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. Our company and its affiliates are actively. The Oklahoma state law, which took effect in May 2018 to protect open air space, states that developers obtain either a "no hazard" determination for each turbine from the Federal Aviation Administration (FAA) or work out a mitigation plan with the United States Department of Defense (DoD), and then submit notification of such with the Oklahoma Corporation Commission before construction may begin. Bankruptcy court approval of EFH entering into the definitive agreement is required for the agreement to be binding upon EFH and Energy Future Intermediate Holding Company LLC ("EFIH"). Explore our products and solutions below. NextEra Energy Resources is a leading wholesale power generator, operating power plants and offering a diverse fuel mix to utilities, retail electricity providers, power cooperatives, municipal electric providers and large industrial companies. In 2015, state regulators opted to cut the net-metering rate to a mere fraction of what it was. [25], In January 2018, NextEra Energy expressed interest with members of the South Carolina Senate over a possible purchase of SCANA and Santee Cooper. 1 in the electric and gas utilities industry on Fortunes 2023 list of World's Most Admired Companies, recognized on Fortunes 2021 list of companies that Change the World and received the S&P Global Platts 2020 Energy Transition Award for leadership in environmental, social and governance. VIEW PORTFOLIO NextEra Energy Portfolio Map - Providing Clean Energy across America. Explore our products and solutions below. [57], In 2019, the Florida Supreme Court concluded that NextEra Energy could charge Florida ratepayers for over $132M in nuclear waste cleanup costs. What We Do. [36], In 2021, NextEra was accused of lobbying heavily against a transmission line project proposed by Avangrid, Inc. According to Dr Bacchus, the ecosystem perishes when the roots of the trees become exposed due to the lower water table. In 2016, New Hampshire Transmission, a subsidiary of NextEra Energy, was fined $6.8M for illegally charging millions of dollars worth of development costs to New England ratepayers. We'll keep you informed about upcoming events and opportunities at NextEra Energy that match your interests. Today, we are the world's largest generator of renewable energy from the wind and the sun. Important factors that could cause actual results to differ materially from those indicated by any such forward-looking statements include risks and uncertainties relating to: the risk that NEE, EFH or Oncor may be unable to obtain bankruptcy court and governmental and regulatory approvals required for the merger, or required bankruptcy court and governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the transaction; the risk that a condition to closing of the merger may not be satisfied; the expected timing to consummate the proposed merger; the risk that the businesses will not be integrated successfully; the risk that the cost savings and any other synergies from the transaction may not be fully realized or may take longer to realize than expected; disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time and attention on merger- related issues; general worldwide economic conditions and related uncertainties; the effect and timing of changes in laws or in governmental regulations (including environmental); fluctuations in trading prices of securities of NEE and in the financial results of NEE, EFH or Oncor or any of their subsidiaries; the timing and extent of changes in interest rates, commodity prices and demand and market prices for electricity; and other factors discussed or referred to in the "Risk Factors" section of Oncor's or NEE's most recent Annual Reports on Form 10-K filed with the Securities and Exchange Commission. [9], In January 1998, FPL Group announced that it would purchase 35 generating plants from Central Maine Power Company for $846 million. NextEra Energy, Inc. [51] Artiles has for years associated with Florida utilities, including NextEra and its subsidiary FPL. Click the button below to join our talent community and open the door to the next era of your career. Didnt find the perfect job? The year before, Perry voted in support of NextEras exploratory fracking legislation while serving on the committee chaired by Artiles. The National Park Service raised concerns that the coal plant would contaminate Lake Okeechobee with mercury and harm the Everglades. The transaction leverages many of NextEra Energy's core competencies, including investing smartly to improve operations, creating long-term value for both customers and shareholders. All rights reserved. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Trinity Operating, LLC is an independent oil and natural gas company engaged in the exploration, development and production of oil and natural gas from onshore properties within the U.S. Headquartered . NextEra Energy, Inc. (NEE) NYSE - NYSE Delayed Price. Perry has accepted $13,500 in direct political donations from Florida utilities, including $1,000 from NextEra, $2,500 from NextEra company Gulf Power, $4,500 from Duke Energy, and $5,500 from TECO, according to campaign finance filings. Forward-looking statements are typically identified by words or phrases such as "may," "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "predict," and "target" and other words and terms of similar meaning. "We are incredibly impressed by Oncor's management team and its employees, and we are committed to retaining the Oncor name, its Dallas headquarters and local management. NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. [6] In addition to wind and solar, NextEra Energy Resources owns and operates generating plants powered by natural gas, nuclear energy, and oil. [14], In July 2000, FPL Group and Entergy Corporation announced plans to merge. More reliable. Two other competing bids were submitted in July 2017 for purchasing Oncor, including a $17.5 billion bid from Berkshire Hathaway Energy and a $18.5 billion bid from Elliott Management Corporation. Company: NextEra Energy. We didnt become the worlds leading sustainable solutions provider by being one-dimensional. Asset Type. These risks, as well as other risks associated with the merger, will be more fully discussed in subsequent filings with the SEC in connection with the merger. NextEra Energy Marketing (NEM) is one of the top marketers of power in the nation. [26] In February 2018, NextEra Energy floated a $15.9 billion proposal to buy Santee Cooper and briefed South Carolina lawmakers.[27]. Your job seeking activity is only visible to you. NextEra Energy's utility, FPL, provides its customers with electric bills that are the lowest in Florida and 30 percent below the national average, as well as award-winning customer service. In 2016, Florida Power & Light, which is a subsidiary of NextEra Energy, joined forces with Devon Energy, and Tampa Electric Company. Trinity Operating is an independent oil and natural gas company headquartered in Houston with current operations in Louisiana, Oklahoma and Texas. [48] The ploy was for the accomplice named "Rodriguez" to run as a sham candidate and siphon away votes from Democratic candidate: Senator Rodriguez. We develop, construct and operate power projects to produce electricity. NEM buys and sells wholesale energy commodities and manages all the fuel needs of NextEra Energy Resources. Reshape your consumption by changing how and when you use energy. Access this case on the Oklahoma Eastern District Court's Electronic Court Filings (ECF) System. Use the links below to access additional information about this case on the US Court's PACER system. ET (8 a.m. CT) today. In 2021, investigative reporting by the Orlando Sun Sentinel revealed that FPL funded political consultants more than $3 million to promote "ghost" spoiler candidates in key Florida legislature races. EFH is not prohibited from soliciting proposals from third parties prior to bankruptcy court approval of EFH entering into the definitive agreement with NextEra Energy. [28] The acquisition, which expanded NextEra Energy's combined residential customer base in Florida to approximately 51 percent of the state's population and also included Florida City With our superior development skills, we are a leader in energy storage. The company provides hundreds of good, well-paying jobs across the state and pays millions of dollars annually in payroll, property taxes and lease payments to local landowners. Janet Mills, Massachusetts Gov. The definitive agreement is part of an overall plan of reorganization that is designed to allow EFH to emerge from Chapter 11 bankruptcy. The economics of natural gas are critical to nearly every one of the company's businesses. Advocates say a utility-backed bill imperils rooftop solar in the Sunshine State", "Florida Power & Light execs worked closely with consultants behind 'ghost' candidate scheme, records reveal | Special Report", "Frank Artiles Charged with Campaign Finance Violations", "NextEra, Florida utilities closely aligned with election fraud suspect Frank Artiles", Creative Commons Attribution 3.0 (CC BY 3.0), "Ex-Florida senator Artiles paid no-party candidate more than $40K, arrest warrant charges", "How a Sham Candidate Helped Flip a Florida Election", "Artiles Still Spending Campaign Money After Resigning for Racial Slur", "Mystery of Florida's "ghost" candidates grows: Major energy company linked to GOP scheme", "Massive Tax Return on Radioactive Waste Denied", https://en.wikipedia.org/w/index.php?title=NextEra_Energy&oldid=1146473985, Electric power companies of the United States, Companies based in Palm Beach County, Florida, Non-renewable resource companies established in 1925, Companies listed on the New York Stock Exchange, Companies in the Dow Jones Utility Average, Short description is different from Wikidata, Wikipedia articles needing clarification from October 2020, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0.

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