What is the company's projected earnings per share growth rate?

The company reaffirmed its expectation of average adjusted earnings per share growth of approximately 5% to 7% per year from 2009 to 2014.

What specific items are excluded from the adjusted EPS guidance?

The adjusted EPS guidance excludes the cumulative effect of adopting new accounting standards, the unrealized mark-to-market effect of non-qualifying hedges, and net other than temporary impairment losses on securities held in NextEra Energy Resources, LLC's nuclear decommissioning funds.

What are some of the primary risks the company faces?

The company faces significant risks related to extensive federal and state regulation, environmental laws (including greenhouse gas emissions), operational challenges with its nuclear facilities, risks in project development and construction, credit and performance risks from customers and suppliers, and potential impacts from severe weather conditions and credit market volatility.

How does regulation impact the company's financial performance?

The company's operations are subject to comprehensive federal and state regulations that govern various aspects of its business, including rates, costs, operations, and asset management. Adverse regulatory decisions, the inability to recover costs through regulated rates, or significant changes in the regulatory framework could materially affect its financial results and the value of its assets.

NEXTERA ENERGY INC 8-K: Regulation FD

Summary

This 8-K filing by NextEra Energy, Inc. (formerly FPL Group, Inc.) on May 21, 2010, primarily disclosed forward-looking statements made by its CEO regarding earnings per share (EPS) growth expectations. The company reaffirmed its target of 5% to 7% average annual adjusted EPS growth from 2009 to 2014, projecting adjusted EPS to be between $5.17 and $5.68 for 2014. These projections exclude certain accounting adjustments, non-qualifying hedges, and impairment losses on nuclear decommissioning fund securities, the impact of which could not be determined at the time of the filing. The filing also contained extensive cautionary statements and risk factors. A significant portion of the report details the regulatory environment the company operates within, including federal and state regulations, potential disallowances of costs by the Florida Public Service Commission, and compliance costs associated with mandatory reliability standards. The company highlighted risks related to environmental regulations, including potential impacts from greenhouse gas emission limits, and operational risks associated with its nuclear facilities, such as NRC oversight and potential license renewal issues.

Key Highlights

1Reaffirmed 5-7% average annual adjusted EPS growth target for 2009-2014.
2Projected 2014 adjusted EPS to be in the range of $5.17 to $5.68.
3Forward-looking statements exclude accounting adjustments, mark-to-market effects, and impairment losses.
4Extensive discussion of regulatory risks, including state (FPSC) and federal oversight.
5Detailed risks related to environmental regulations, particularly greenhouse gas emissions.
6Highlighted operational risks and regulatory oversight for nuclear generation facilities.
7Mentioned risks associated with project development, construction, and capital expenditures.

NEXTERA ENERGY INC 8-K Report, Regulation FD Disclosure (May 21, 2010)

Summary

Key Highlights

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