8-KRegulation FD

NEXTERA ENERGY INC 8-K Report, Regulation FD Disclosure (Sep 4, 2012)

Filed September 4, 2012For Securities:NEENEE-PNNEE-PSNEE-PTNEE-PWNEE-PVNEE-PU

Summary

This 8-K filing from NextEra Energy, Inc. (NEE) primarily discloses forward-looking statements made by its CEO, Jim Robo, at the 2012 Barclays Capital CEO Energy-Power Conference and the 2012 Bank of America Merrill Lynch Power and Gas Leaders Conference. The company reaffirmed its previous adjusted earnings per share (EPS) guidance for both 2012 and 2014, signaling confidence in its financial outlook amidst various investor meetings. Investors should note that these EPS expectations are "adjusted" and exclude several items, including accounting standard changes, mark-to-market effects on non-qualifying hedges, and impairment losses on nuclear decommissioning funds. The guidance also relies on a number of assumptions, such as normal weather, stable economic conditions, supportive public policy for renewables, and continued access to capital. The filing also includes extensive cautionary statements and risk factors that could materially impact future results, covering regulatory environments, operational challenges, market volatility, and capital market conditions.

Key Highlights

  • 1NextEra Energy reaffirms its 2012 adjusted EPS guidance of $4.35 to $4.65.
  • 2NextEra Energy reaffirms its 2014 adjusted EPS guidance of $5.05 to $5.65.
  • 3These adjusted EPS expectations exclude certain accounting impacts and temporary market fluctuations.
  • 4Guidance is contingent upon several assumptions including normal weather, stable economic conditions, and supportive public policy for renewable energy.
  • 5The company's CEO, Jim Robo, presented these expectations at industry conferences.
  • 6Extensive risk factors and cautionary statements are provided, highlighting potential impacts on future results.
  • 7The filing emphasizes that adjusted earnings are not a substitute for GAAP net income.

Frequently Asked Questions

NextEra Energy reaffirmed its previously issued guidance for adjusted earnings per share (EPS), expecting between $4.35 and $4.65 for 2012 and between $5.05 and $5.65 for 2014.

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.

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

Management discussed these expectations at the 2012 Barclays Capital CEO Energy-Power Conference, the 2012 Bank of America Merrill Lynch Power and Gas Leaders Conference, and various investor meetings in the Northeast and Canada during September 2012.