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May 22, 2015 9:08 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
Senior Vice President of Development
Chief Financial Officer of Nextera Energy Resources, LLC and Senior Vice President of Finance - Nextera Energy Resources, LLC
Age: 48
Compensation as of Fiscal Year 2014.

NextEra Energy Resources, LLC Key Developments

NextEra Energy Resources, LLC Breaks Ground on Distributed Generation Solar Projects in Oneida County, New York

NextEra Energy Resources, LLC announced that it has started construction on two distributed generation solar photovoltaic (PV) systems in Oneida County, New York. The systems, located on two parcels in Whitestown, New York, will have the capacity to produce 5.2 megawatts (MW) DC of solar power. The two ground-mounted fixed-array systems will feature a combined total of 17,086 solar modules from Suntech Power and Canadian Solar. Oneida County will purchase the electricity generated over the term of a 25-year power purchase agreement with the NextEra Energy Resources subsidiary, and the subsidiary will own, operate and maintain the systems for the life of the contract. The projects are expected to reach commercial operation by October 2015. The projects are utilizing funding incentives from the New York State Energy Research and Development Authority (NYSERDA) Competitive PV program, which are intended to dramatically increase solar capacity and move the state of New York closer to its vision of a sustainable, self-sufficient solar industry.

NextEra Energy Resources Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

NextEra Energy Resources reported unaudited earnings results for the first quarter ended March 31, 2015. Operating revenue was $1,460 million compared to $1,034 million a year ago. Operating income was $433 million compared to $82 million a year ago. Income before income taxes was $361 million compared to $56 million a year ago. Net income attributable to NextEra Energy Inc. was $278 million compared to $86 million a year ago. Earnings per share (assuming dilution) attributable to NextEra Energy Inc. were $0.62 compared to $0.20 a year ago. Adjusted earnings were $260 million compared to $211 million a year ago. Adjusted earnings per share were $0.58 compared to $0.48 a year ago. Net cash provided by operating activities was $215 million compared to $151 million a year ago.

NextEra Energy Resources to Build 500-Acre Solar Farm

NextEra Energy Resources of Juno Beach, Fla., an affiliate of Florida Power & Light Co., will build the 81-megawatt solar farm. The cost of the operation has not been disclosed. The solar park will consist of tens of thousands of solar panels oriented to the south. Entergy Arkansas has agreed to buy all of the power produced by the facility, known as Stuttgart Solar. It will be located about 7 miles southeast of Stuttgart, near Almyra. Entergy will build a new electric substation in Arkansas County to connect the solar facility to Entergy's transmission system. That investment includes about $237 million Entergy Arkansas has agreed to pay for a fourth of the 2,200 megawatt Union Power Station. The company also plans to build transmission lines throughout the state, including spending more than $60 million for a transmission system in southeast Arkansas.

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