8-K/ARegulation FD

NEXTERA ENERGY INC 8-K/A Report, Regulation FD Disclosure (Oct 28, 2009)

Filed October 28, 2009For Securities:NEENEE-PNNEE-PSNEE-PTNEE-PWNEE-PVNEE-PU

Summary

This 8-K/A filing from NextEra Energy Inc. (formerly FPL Group) on October 27, 2009, primarily serves to clarify guidance regarding its earnings per share (EPS) expectations. The company held a conference call to discuss its third-quarter 2009 financial results. During this call, FPL Group updated its adjusted EPS expectations for both 2009 and 2010. Crucially, the company stated that its previous long-term guidance of at least 10% average adjusted EPS growth annually from 2006 to 2012 should no longer be relied upon.

Key Highlights

  • 1NextEra Energy (FPL Group) revised its 2009 and 2010 adjusted earnings per share (EPS) expectations.
  • 2The company explicitly stated that its previously issued guidance for 10% average annual adjusted EPS growth from 2006 to 2012 is no longer valid and should not be relied upon.
  • 3New longer-term earnings expectations are planned to be provided at an investor conference in May 2010.
  • 4The information was disclosed during a public conference call discussing third-quarter 2009 financial results.
  • 5This filing acts as an amendment to a previous 8-K filed on October 27, 2009, likely to provide further clarity on the guidance changes.

Frequently Asked Questions

The primary reason for this filing is to amend and clarify NextEra Energy's (formerly FPL Group) earnings per share (EPS) guidance. The company withdrew its prior long-term EPS growth expectations and announced revised near-term (2009-2010) expectations.

The company stated that its previously announced expectations for average adjusted earnings per share growth of at least 10% per year from 2006 to 2012 should no longer be relied upon and have been withdrawn.

NextEra Energy plans to provide new longer-term earnings expectations at its public investor conference scheduled for May 2010.

The withdrawal of long-term guidance introduces uncertainty regarding the company's future growth trajectory. Investors will need to evaluate the revised near-term expectations and await the new long-term outlook to fully assess the financial outlook.