"There wasn't an industry at all." [3] NEER, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun. [43] NextEra Energy, made a $10,000 donation to Women Building the Future, drafted a bill, had their lobbyist deliver the bill to Florida legislator Jennifer Bradley, and subsequently donated $10,000 to her re-election campaign. As oil and gas prices soar with Russia disruptions, clean-energy bets by Florida's NextEra look even wiser. NextEra Energy reaches definitive agreement to acquire Energy Future Holdings' interest in Oncor Electric Delivery Company, - Compelling transaction provides financial strength for Oncor and its customers and certainty of value for Energy Future Holdings' creditors, - Transaction will extinguish all Energy Future Holdings and Energy Future Intermediate Holding Company debt that currently exists above Oncor, - NextEra Energy's proven track record of providing affordable, reliable electric service for customers complements Oncor's operational strengths, - NextEra Energy committed to retaining local management, Dallas headquarters and Oncor name, - No involuntary workforce reductions at Oncor for at least two years after transaction close, - Transaction expected to be meaningfully accretive to NextEra Energy earnings. Follow this link to reach our Job Search page to search for available jobs in a more accessible format. [13] The talks were terminated and the merger transaction was not consummated due to opposition from Iberdrola's board, according to news reports. Date: Apr 3, 2023. Your job seeking activity is only visible to you. Today, we are the world's largest generator of renewable energy from the wind and the sun. Gas, was completed on January 1, 2019. We look forward to working closely with Oncor's leadership team and filing our joint application with the Public Utility Commission of Texas. NextEra Energy's shares traded at over $261 per share, and its market capitalization was valued at over US$117 billion at the end of 2019. Access additional case information on PACER CF Industries and NextEra Energy Resources announce a memorandum of understanding for a First Quarter 2023 NextEra Energy, Inc. and NextEra Energy Partners, LP Conference Call, Fourth Quarter and Full-Year 2022 NextEra Energy, Inc. and NextEra Energy Partners, LP Conference Call. Reduce your carbon emissions through renewable energy sources. NextEra Energy, Inc. Nuclear plants produce virtually no air emissions, representing a responsible energy choice as climate change concerns intensify. NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. It expects that its credit ratings and its subsidiaries' credit ratings will be maintained post-closing. NextEra Energy Resources Jan 2019 - Present4 years 4 months Houston, Texas Leader of upstream construction, environmental, safety, and regulatory teams within the Gas Infrastructure Business. NextEra Energy's balance sheet and credit rating are among the strongest in the industry. The year before, Perry voted in support of NextEras exploratory fracking legislation while serving on the committee chaired by Artiles. We have incorporated the cleanest-burning fossil fuel into our portfolio with natural gas-fired facilities. Sign in to create your job alert for Field Operations Supervisor jobs in Houston, TX. - listing US Job Opportunities, Staffing Agencies, International / Overseas Employment. NextEra Energy announces 2023 first quarter financial results. 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. Learn More 2022 ESG Report TOP 20 in the world for innovation, according to Fortune Next Era Operating Srvs Relocation Provided: Yes, if applicable Where permitted by applicable law, Next Era Energy requires all employees and new hires to be fully vaccinated for COVID-19 or be willing to receive the COVID-19 vaccination on or before the first day of employment. Click the link in the email we sent to to verify your email address and activate your job alert. More sustainable. Building partnerships in our communities. NextEra Energy, Inc. is an American energy company with about 58 GW of generating capacity (24 GW of which were from fossil fuel sources [4] ), revenues of over $18 billion in 2020, and about 14,900 employees throughout the US and Canada. [53] FPL has also donated $20,000 to Perrys political committee, Building a Prosperous Florida, while TECO has donated $2,500. NextEra Energy intends to use a combination of debt, convertible equity units, and proceeds from asset sales to fund cash being provided to creditors. [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. Language links are at the top of the page across from the title. Additional risks and uncertainties are identified and discussed in NEE's and Oncor's reports filed with the SEC and available at the SEC's website at www.sec.gov. [22] However, in July 2016, Hawaii's Public Utilities Commission rejected the offer in a 2-0 vote over doubts of NextEra Energy's commitment to the state's renewable energy goal, which terminated the merger agreement. Requisition ID: 72216 . The definitive agreement is part of an overall plan of reorganization that is designed to allow EFH to emerge from Chapter 11 bankruptcy. The future of energy is here. [36], In 2021, NextEra was accused of lobbying heavily against a transmission line project proposed by Avangrid, Inc. Copyright 2023 NextEra Energy Resources, LLC. The companies terminated the merger in April 2001. BY Vivek Wadhwa, Ismail Amla and Alex Salkever. FPL recently received the top ranking for residential customer satisfaction among large electric providers in the southern U.S., according to the J.D. Nationally recognized as a leading clean energy provider, NextEra Energy Resources has a portfolio of facilities, totaling more than21,900 megawatts of generating capacity in the United States and Canada. The transaction provides clear benefits for NextEra Energy investors. We'll keep you informed about upcoming events and opportunities at NextEra Energy that match your interests. The listen-only webcast will be available on NextEra Energy's website by accessing the following link: NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with consolidated revenues of approximately $17.5 billion and approximately 14,300 employees in 27 states and Canada as of year-end 2015, as well as approximately 45,000 megawatts of generating capacity, which includes megawatts associated with noncontrolling interests related to NextEra Energy Partners, LP (NYSE: NEP) as of April 2016. For more information about NextEra Energy companies, visit these websites: This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. [50], Court documents obtained by the Miami Herald, as part of the state attorneys investigation, revealed that in the context of a ghost candidate scheme the organization "Lets Preserve the American Dream" awarded $125,000 to former state Sen. Frank Artiles for research. Our Real Zero Blueprint is the most ambitious target set by any U.S. utility or power generator. 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. NextEra Energy expects the transaction, which has been approved by the boards of directors of both NextEra Energy and EFH, to be completed in the first quarter of 2017. Credit Suisse Securities (USA) LLC and Bank of America Merrill Lynch are serving as lead financial advisors to NextEra Energy. Brant Butler Brant Butler Brant Butler Brant Butler. Today, we have more than 133 megawatts of operational universal energy storage and a pipeline of development projects across the U.S. and Canada. [39], In 2021, investigative reporting by the Miami Herald revealed that NextEra Energy had lobbied Florida legislators to undermine rooftop solar by preventing homeowners and businesses to engage in net metering (selling excess power back to FPL). NEE cautions readers that any forward-looking statement is not a guarantee of future performance and that actual results could differ materially from those contained in any forward-looking statement. Opponents of the legislation claim that if such bills pass, the fast-growing green power industry would quickly start to collapse. Read news releases from NextEra Energy, Florida Power & Light Company and NextEra Energy Resources. Enter your email and tell us a little about yourself. The listen-only webcast will be available on NextEra Energy's website by accessing the following link: www.NextEraEnergy.com/investors. 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. [8], During the 2016 Republican Party presidential primaries, NextEra Energy donated $1 million to a Super PAC supporting Jeb Bush's presidential candidacy. 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. 1 in the electric and gas utilities industry in Fortune's 2016 list of "World's Most Admired Companies." Additional risks and uncertainties are identified and discussed in NEE's and Oncor's reports filed with the SEC and available at the SEC's website at, NextEra Energy Resources and Portland General Electric celebrate first-in-the-nation combined clean energy facilities, Leveraging technology in times of need, an employee story. "We are pleased to have reached a definitive agreement to acquire EFH's 80 percent indirect interest in Oncor," said Jim Robo, chairman and chief executive officer of NextEra Energy. Were leading the industry in clean energy generation, and were committed to environmental protection and stewardship. Explore our products and solutions below. [24], NextEra Energy and Energy Future Holdings, parent company of Texas-based utility Oncor Electric Delivery, reached a $18.7 billion merger agreement on July 29, 2016, but the agreement was terminated in July 2017 after the Texas Public Utility Commission rejected the offer over disagreement on the control of Oncor's board of directors. [10] It later went to court in an attempt to cancel the transaction, citing an adverse regulatory ruling on access to the electric transmission network. Chadbourne & Parke LLP is serving as lead legal counsel to NextEra Energy. NextEra Energy will host a conference call and webcast to discuss this announcement at 9 a.m. Visit the Career Advice Hub to see tips on interviewing and resume writing. NextEra Energy expects that Oncor's credit rating will be improved post-closing, generating savings for customers in terms of lower borrowing costs. [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. NextEra Energy has a plan to lead the decarbonization of America. The activists claimed that the Martin County power plant's water use had caused the forest's health to decline. This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 approximately 80 percent indirect interest in Oncor Electric Delivery Company ("Oncor"), which implies a total enterprise value of approximately $18.4 billion.
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