Florida Power & Light
NEE is one of the largest electric power and energy infrastructure companies in North America and a leader in the renewable energy industry. NEE has two principal businesses, FPL and NEER. FPL is the largest electric utility in the state of Florida and one of the largest electric utilities in the U.S. FPL’s strategic focus is centered on investing in generation, transmission and distribution facilities to continue to deliver on its value proposition of low bills, high reliability, outstanding customer service and clean energy solutions for the benefit of its more than five million customers. NEER is the world's largest generator of renewable energy from the wind and sun. NEER’s strategic focus is centered on the development, construction and operation of long-term contracted assets throughout the U.S. and Canada including renewable generation facilities, natural gas pipelines, electric transmission facilities and battery storage projects. In January 2019, NEE completed the acquisition of Gulf Power, a rate-regulated electric utility engaged in the generation, transmission, distribution and sale of electric energy in northwest Florida. See Gulf Power section below.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Calendar
11 Feb 21
18 Apr 21
31 Dec 21
Financial summary
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Financial data from company earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.55B | 1.55B | 1.55B | 1.55B | 1.55B | 1.55B |
| Cash burn (monthly) | 297M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 1.07B | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 475.38M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 1.6 | n/a | n/a | n/a | n/a | n/a |
Financial report summary
?Management Discussion
- Net income attributable to NEE for 2020 was $2.92 billion compared to $3.77 billion in 2019. In 2020, net income attributable to NEE decreased primarily due to lower results at NEER, partly offset by higher results at FPL, Gulf Power and Corporate and Other. The comparison of the results of operations for the years ended December 31, 2019 and 2018 are included in Management's Discussion in NEE's and FPL's Annual Report on Form 10-K for the year ended December 31, 2019.
- In 2019, subsidiaries of NextEra Energy Resources sold ownership interests in three wind generation facilities and three solar generation facilities with a total net generating capacity of approximately 611 MW to a NEP subsidiary. In February 2020, a subsidiary of NextEra Energy Resources sold its ownership interest in two solar generation facilities located in Spain with a total generating capacity of 99.8 MW. In December 2020, a subsidiary of NextEra Energy Resources sold a 90% noncontrolling ownership interest in a portfolio of three wind generation facilities and four solar generation facilities representing a total net generating capacity of 900 MW. In addition, a subsidiary of NextEra Energy Resources sold its 100% ownership interest in a 100 MW solar generation facility and a 30 MW battery storage facility under construction with an expected in service date in early 2021 to a NEP subsidiary. See Note 1 - Disposal of Businesses/Assets and – Sale of Noncontrolling Ownership Interest.
- In July 2019, a wholly owned subsidiary of NEET acquired the outstanding membership interests of an entity that indirectly owns Trans Bay Cable, LLC (Trans Bay), which owns and operates a 53-mile, high-voltage direct current underwater transmission cable system in California. See Note 6 - Trans Bay Cable, LLC. In September 2020, a wholly owned subsidiary of NEET entered into agreements to acquire GridLiance, which owns and operates three FERC-regulated transmission utilities across six states, five in the Midwest and Nevada. See Note 6 - GridLiance.
Content analysis
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New words:
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Removed:
amendment, analytical, bankruptcy, bat, bondholder, cap, commenced, condensed, confirming, declined, deficiency, emit, exceeded, expiring, function, ii, installed, Irma, Joseph, Kelliher, kilowatt, legislation, Maine, Matthew, Newly, nominate, OPC, phasing, PJM, PPA, profile, readily, receiving, reestablish, remote, replenish, replenishment, revaluation, reviewing, roll, territory, true, unrecovered, validated
Financial reports
10-K
2020 FY
Annual report
11 Feb 21
10-Q
2020 Q3
Quarterly report
23 Oct 20
10-Q
2020 Q2
Quarterly report
24 Jul 20
10-Q
2020 Q1
Quarterly report
23 Apr 20
10-K
2019 FY
Annual report
14 Feb 20
10-Q
2019 Q3
Quarterly report
23 Oct 19
10-Q
2019 Q2
Quarterly report
24 Jul 19
10-Q
2019 Q1
Quarterly report
23 Apr 19
10-K
2018 FY
Annual report
15 Feb 19
10-Q
2018 Q3
Quarterly report
23 Oct 18
Current reports
8-K
Other Events
12 Mar 21
8-K
Other Events
1 Mar 21
8-K
NextEra Energy reports fourth-quarter and full-year 2020 financial results
26 Jan 21
8-K
Regulation FD Disclosure
11 Jan 21
8-K
Entry into a Material Definitive Agreement
18 Dec 20
8-K
NextEra Energy reports third-quarter 2020 financial results
21 Oct 20
8-K
Other Events
24 Aug 20
8-K
Other Events
31 Jul 20
8-K
NextEra Energy reports second-quarter 2020 financial results
24 Jul 20
8-K
NextEra Energy reports first-quarter 2020 financial results
22 Apr 20
Registration and prospectus
S-3ASR
Automatic shelf registration
23 Mar 21
424B2
Prospectus for primary offering
26 Feb 21
FWP
Free writing prospectus
25 Feb 21
424B5
Prospectus supplement for primary offering
22 Feb 21
424B2
Prospectus for primary offering
20 Aug 20
FWP
Free writing prospectus
19 Aug 20
424B5
Prospectus supplement for primary offering
17 Aug 20
424B2
Prospectus for primary offering
29 Jul 20
FWP
Free writing prospectus
28 Jul 20
424B5
Prospectus supplement for primary offering
28 Jul 20
Proxies
No filings
Other
UPLOAD
Letter from SEC
3 Jun 13
UPLOAD
Letter from SEC
24 Apr 13
CORRESP
Correspondence with SEC
28 Jul 10
CORRESP
Correspondence with SEC
17 Jun 10
EFFECT
Notice of effectiveness
3 May 07
CORRESP
Correspondence with SEC
1 May 07
UPLOAD
Letter from SEC
2 Apr 07
EFFECT
Notice of effectiveness
28 Nov 06
CORRESP
Correspondence with SEC
3 Aug 06
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APP
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Power Generator Protection System with Arc Flash Incident Energy Reduction
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Power Distribution Fault Location Estimation Using Transient Analysis
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