What are NextEra Energy's updated earnings expectations?

NextEra Energy reaffirmed its 2012 adjusted EPS guidance of $4.35 to $4.65 and provided 2014 adjusted EPS guidance of $5.05 to $5.65. These are 'adjusted' figures and exclude certain items.

What is excluded from the adjusted EPS guidance?

The adjusted EPS figures exclude 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 the key assumptions underlying these earnings expectations?

The guidance assumes normal weather and operating conditions, no significant further decline in the national or Florida economy, supportive commodity markets, public policy support for renewable energy development, sufficient market demand and transmission for renewables, access to capital at reasonable costs, no acquisitions or divestitures, no adverse litigation, and no changes to governmental tax policy or incentives.

What are the main risks highlighted in the filing that could impact future results?

The filing lists numerous risks including extensive regulation, inability to recover costs, political and economic factors impacting regulatory decisions, risks related to derivative instruments, changes in government incentives for renewable energy, new laws and regulations, environmental compliance costs, greenhouse gas emission limits, changes in tax laws, litigation outcomes, project development and construction delays, operational risks, customer growth or usage changes, severe weather, terrorism and cyber threats, insurance coverage, commodity price volatility, credit and performance risks from counterparties, IT system failures, and risks associated with nuclear generation facilities.

NEXTERA ENERGY INC 8-K: Regulation FD

Summary

NextEra Energy, Inc. (NEE) filed an 8-K on May 25, 2012, primarily to disclose information discussed at their annual shareholder meeting on May 25, 2012. The company reaffirmed its previously issued adjusted earnings per share (EPS) guidance for 2012 ($4.35 - $4.65) and provided guidance for 2014 ($5.05 - $5.65). These adjusted EPS figures exclude certain items, including accounting standard changes, mark-to-market effects of non-qualifying hedges, and impairments on nuclear decommissioning fund securities, the impact of which could not be determined at the time of filing. The filing also included a detailed "Cautionary Statements And Risk Factors" section, highlighting the inherent uncertainties and risks associated with these forward-looking statements. Investors should be aware that actual results could differ materially from these projections due to a wide range of factors. These include regulatory environments, economic conditions, operational risks, changes in tax policy, litigation outcomes, project development and construction challenges, and market volatility in energy and commodity prices. The company encourages readers to review its Form 10-K and other SEC filings for a more comprehensive understanding of these risks.

Key Highlights

1NextEra Energy reaffirmed its 2012 adjusted EPS guidance of $4.35 to $4.65.
2The company provided 2014 adjusted EPS guidance in the range of $5.05 to $5.65.
3Adjusted EPS excludes items such as accounting standard adoption, mark-to-market effects of certain hedges, and nuclear decommissioning fund impairments.
4The guidance is subject to various assumptions including normal weather, stable economic conditions, supportive public policy for renewables, and access to capital.
5The filing includes extensive 'Cautionary Statements And Risk Factors' regarding forward-looking statements.
6Investors are advised to consider these risks, which include regulatory, economic, operational, and market-related factors.
7Actual results may differ materially from the stated forward-looking expectations.

NEXTERA ENERGY INC 8-K Report, Regulation FD Disclosure (May 25, 2012)

Summary

Key Highlights

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