September 27, 2016 8:44 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of NextEra Energy Resources, LLC

Company Overview

NextEra Energy Resources, LLC, through its subsidiaries, engages in the generation of electricity in the wholesale energy markets in the United States, Canada, and Spain. The company generates electric power from wind, natural gas, nuclear, oil, and solar sources. As of December 31, 2015, its generating capacity included 21,140 megawatts across 25 states in the United States, 4 Canadian provinces, and 1 Spanish province. The company also owns and operates 182 substations and approximately 1,098 circuit miles of transmission lines ranging from 69 kilovolt (kV) to 345 kV. In addition, it provides energy and capacity requirements services; engages in power and gas marketing and trading activiti...

PO Box 14000

Juno Beach, FL 33408

United States

Founded in 1998

5,000 Employees



Key Executives for NextEra Energy Resources, LLC

Chief Executive Officer and President
Age: 53
President of Commodities, Trading & Commercial Services
President of Gas Infrastructure
Age: 47
Chief Financial Officer
Age: 60
Senior Vice President of Development
Compensation as of Fiscal Year 2016.

NextEra Energy Resources, LLC Key Developments

NextEra Energy Resources Reports Earnings Results for the Second-Quarter Ended June 30, 2016

NextEra Energy Resources reported earnings results for the second-quarter ended June 30, 2016. For the quarter, the company reported contribution to net income attributable to NextEra Energy on a GAAP basis of $234 million, or $0.50 per share, compared to $276 million, or $0.61 per share, in the prior-year quarter. On an adjusted basis, NextEra Energy Resources' earnings for the second quarter of 2016 were $313 million, or $0.67 per share, compared to $254 million, or $0.57 per share, for the second quarter of 2015. NextEra Energy Resources' contribution to second-quarter adjusted earnings per share increased $0.10, or approximately 18%, compared to the prior-year quarter. Energy Resources' core business results were primarily driven by contributions from new investments of $0.19 per share, reflecting continued growth in the contracted renewables portfolio and contributions from gas pipeline projects. Partially offsetting the positive results were a $0.04 per share decline in contributions from the existing portfolio.

Westar Energy, Inc. and NextEra Energy Resources BreakGround on Kingman Wind Project in Kansas

Westar Energy Inc. and NextEra Energy Resources have broken ground on the Kingman wind energy center in Kansas. The project will generate enough energy for about 50,000 Kansas homes. Westar Energy will purchase electricity produced from the 200 megawatt wind farm, which NextEra Energy Resources will develop and operate. Westar is providing some of the energy produced at Kingman to its wholesale partners Midwest Energy and the cities of McPherson, Chanute, Iola, Fredonia and Sabetha through energy management service agreements. The project will create construction and operational jobs and provide millions of dollars in payments to landowners and to Kingman County, which will help boost the local economy, and support schools and other essential services. The Kingman wind project is scheduled to be in operation by the end of 2016 and will bring Westar's commitment to renewable energy to about 1700 MW, which is enough to provide about a third of its retail customers' electricity.

NextEra Energy Resources to Build the Wind Farm Addition Near Center

NextEra Energy Resources announced that it is building the wind farm addition near Center, which is expected to begin operation in early 2017. The project will double the size of the wind farm to 44 General Electric turbines, each with a capacity of 2.3 MW.

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