March 04, 2015 10:23 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 Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

NextEra Energy Resources announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income attributable on a GAAP basis of $614 million, or $1.39 per share, compared to $85 million, or $0.20 per share, in the prior-year quarter. On an adjusted basis, earnings were $178 million, or $0.40 per share, compared to $173 million, or $0.40 per share, for the fourth quarter of 2013. For the full year 2014, the company reported net income attributable on a GAAP basis of $985 million, or $2.24 per share, compared to $556 million, or $1.30 per share, in 2013. On an adjusted basis, earnings were $833 million, or $1.89 per share, compared to $780 million, or $1.83 per share, for the full year 2013. Adjusted full-year results include a negative $0.15 per share impact associated with establishing and launching NextEra Energy Partners, LP. This includes a $0.10 per share non-cash income tax charge, driven by separating the Canadian projects to enable them to fit into the overall NextEra Energy Partners structure.

NextEra Energy Resources, LLC Begins Construction of Two Solar Photovoltaic Systems

NextEra Energy Resources, LLC announced that it has begun construction of two solar photovoltaic (PV) systems on separate sites in southern California. The solar PV systems will be ground mounted on 20-acre privately owned sites in Apple Valley, Calif., and Blythe, Calif. The projects are part of the California Renewable Energy Small Tariff program, a feed-in tariff program for eligible renewable energy projects under 1.5 MW. Southern California Edison will purchase all of the output from the PV systems under the terms of two 20-year power purchase agreements for each site. Each site consists of two identical 1.5 MW ground-mounted fixed solar systems with a combined total of approximately 23,000 panels installed. These projects are expected to reach commercial operation by the end of 2014 and in the first quarter of 2015, respectively.

NEER Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

NEER reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company has posted operating revenue of $1,242 million; operating income of $307 million; income from continuing operations of $208 million; net income of $208 million or $0.46 per share and adjusted earnings was $231 million or $0.52 per share against revenue of $1,281 million; operating income of $377 million; income from continuing operations of $281 million; net income of $281 million or $0.66 per share and adjusted earnings was $190 million or $0.45 per share a year ago. For the nine months, the company has posted operating revenue of $3,312 million; operating income of $530 million; income from continuing operations of $375 million; net income of $375 million or $0.84 per share and adjusted earnings was $654 million or $1.48 per share against revenue of $3,343 million; operating income of $483 million; income from continuing operations of $254 million; net income of $470 million or $1.11 per share and adjusted earnings was $606 million or $1.43 per share a year ago. Net cash provided by operating activities was $946 million against $499 million a year ago.

Similar Private Companies By Industry

Company Name Region
Global Energy Resources, Inc. United States
Harvest BioFuels, LLC United States
Pinal Power, LLC United States
CellTech Power LLC United States
eVionyx, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 31, 2014
Palo Duro Wind Project Holdings, LLC
Merger/Acquisition
October 31, 2014
Shafter Solar, LLC
Merger/Acquisition
August 4, 2014
TradeWind Energy, Inc., Breckinridge Wind Farm
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact NextEra Energy Resources, LLC, please visit www.nexteraenergyresources.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.