November 01, 2014 2:58 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of NextEra Energy Resources, LLC

Company Overview

NextEra Energy Resources, LLC develops, constructs, and operates power plants to produce electricity in the United States, Canada, and Spain. The company produces wind, solar, fossil fuels, and nuclear based power. It sells electricity to companies and businesses, including utilities, retail electricity providers, power cooperatives, municipal electric providers, and large industrial customers. NextEra Energy Resources, LLC was formerly known as FPL Energy, LLC and changed its name to NextEra Energy Resources, LLC in January 2009. The company was founded in 1985 and is based in Juno Beach, Florida. It has natural gas trading and retail electricity sales offices in Houston, Texas. NextEra Ene...

700 Universe Boulevard

Juno Beach, FL 33408-0420

United States

Founded in 1985

Phone:

561-691-7171

Fax:

561-691-7177

Key Executives for NextEra Energy Resources, LLC

Chairman and Chief Executive Officer
Age: 51
President
Age: 51
Chief Financial Officer
Age: 58
President of Florida Power and Light Company
Age: 64
Senior Vice President of Development
Compensation as of Fiscal Year 2014.

NextEra Energy Resources, LLC Key Developments

NextEra Energy Resources Partners with Queens Ballpark Company to Power Citi Field

NextEra Energy Resources, LLC announced a plan to offset the environmental impacts of electricity used at Citi Field for the next three years. An affiliate of NextEra Energy Resources is matching 100% of the electricity used to power Citi Field through June 2016, with 58,500 renewable energy certificates (REC). The RECs being supplied are Green-e certified. Green-e is a program of the nonprofit Center for Resource Solutions that guarantees both environmental integrity and consumer protection. RECs represent all the environmental attributes of electricity production at projects that use renewable energy sources. For every megawatt-hour of renewable energy production, a REC is created.

NextEra Energy Resources, LLC Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

NextEra Energy Resources, LLC reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported second-quarter net income on a GAAP basis of $81 million, or $0.18 per share, compared to $229 million, or $0.54 per share, in the prior-year quarter. On an adjusted basis, Nextera energy resources earnings for the second quarter of 2014 were $213 million, or $0.48 per share, compared to $238 million, or $0.56 per share, for the second quarter of 2013. Operating revenues of $1,036 million, operating income of $140 million, income from continuing operations before income taxes of $112 million, net income of $81 million or $0.18 per diluted share as compared to operating revenues of $1,046 million, operating income of $240 million, income from continuing operations before income taxes of $196 million, net income of $251 million or $0.60 per diluted share and adjusted income of $173 million or $0.41 per diluted share a year ago. For the six months, the company reported operating revenues of $2,069 million, operating income of $223 million, loss from continuing operations before income taxes of $168 million, net income of $167 million or $0.38 per diluted share and adjusted income of $424 million or $0.96 per diluted share as compared to operating revenues of $2,120 million, operating income of $107 million, loss from continuing operations before income taxes of $70 million, net income of $189 million or $0.45 per diluted share and adjusted income of $416 million or $0.99 per diluted share a year ago. Net cash provided by operating activities was $624 million compared to $671 million a year ago.

NextEra Energy Resources, LLC Announces the Official Dedication of the Steele Flats Wind Energy Center

NextEra Energy Resources, LLC announced the official dedication of the Steele Flats Wind Energy Center, located in Jefferson and Gage counties, Nebraska. The new wind facility, which is capable of generating 74.8 megawatts (MW) of wind power, enough electricity to meet the energy needs of 19,000 Nebraska homes. All of the power generated by the Steele Flats Wind Energy Center is being provided to Nebraska Public Power District under a long-term contract. BD is purchasing a portion of the renewable energy credits generated from the Steele Flats Wind Energy Center for the next 20 years to offset 75% of the electricity use at its manufacturing facilities in Columbus and Holdrege, Neb.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 4, 2014
TradeWind Energy, Inc., Breckinridge Wind Farm
Merger/Acquisition
June 2, 2014
NextEra Energy Resources, LLC, Pheasant Run II Wind Park
Merger/Acquisition
April 24, 2014
50-Megawatt Waste Coal-Fired Cogeneration Plant in Ebensburg
 

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