Summary
This 8-K filing from NextEra Energy, Inc. (NEE) on June 1, 2011, primarily serves to provide forward-looking statements and reiterate guidance during upcoming investor meetings in California and Europe. The company reaffirmed its previously announced adjusted earnings per share (EPS) expectations for 2011 to be in the range of $4.35 to $4.65. Furthermore, NextEra Energy anticipates an average adjusted EPS growth of approximately 5% to 7% annually through 2014, based on the 2011 projected EPS. It's important for investors to note that these "adjusted" earnings exclude certain items such as the impact of new accounting standards, unrealized mark-to-market effects of non-qualifying hedges, and net other than temporary impairment losses on nuclear decommissioning fund securities. The filing also includes extensive cautionary statements and risk factors that could materially affect future results, covering a broad range of regulatory, operational, environmental, and market-related risks.
Key Highlights
- 1Reaffirmed 2011 adjusted EPS guidance of $4.35 to $4.65.
- 2Projected average adjusted EPS growth of 5% to 7% annually through 2014.
- 3Guidance excludes the impact of new accounting standards, mark-to-market adjustments on non-qualifying hedges, and impairment losses on nuclear decommissioning funds.
- 4Upcoming investor meetings are scheduled in California (week of June 1, 2011) and Europe (week of June 13, 2011).
- 5The report includes detailed 'Cautionary Statements and Risk Factors' that could impact future financial performance.
- 6Significant risks highlighted include extensive regulation, potential for disallowed cost recovery, environmental regulations, operational risks at nuclear facilities, and credit/market risks.