8-KRegulation FD

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

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

Summary

NextEra Energy, Inc. (NEE) has filed an 8-K report on December 4, 2012, to disclose information that management plans to discuss with investors. The primary focus is the reaffirmation of the company's long-term growth expectations, including its previously stated adjusted earnings per share (EPS) targets for 2012 ($4.35 to $4.65) and 2014 ($5.05 to $5.65). These adjusted figures exclude certain accounting impacts, such as the cumulative effect of new accounting standards, mark-to-market adjustments on non-qualifying hedges, and other-than-temporary impairment losses on nuclear decommissioning funds. The company also highlighted key assumptions underpinning these earnings expectations, which include normal weather and operating conditions, a stable national and Florida economy, supportive commodity and public policy environments for renewable energy, and continued access to capital at reasonable costs. Investors are advised that these adjusted earnings are not a substitute for GAAP net income and should be considered alongside the extensive risk factors detailed in the filing and other SEC submissions. The presentation materials will be made available on NextEra Energy's investor relations website.

Key Highlights

  • 1Reaffirmation of 2012 adjusted EPS guidance of $4.35 to $4.65.
  • 2Reaffirmation of 2014 adjusted EPS guidance of $5.05 to $5.65.
  • 3Adjusted EPS excludes certain items like accounting standard adoption effects, mark-to-market adjustments on non-qualifying hedges, and impairment losses on nuclear decommissioning funds.
  • 4Guidance assumes normal weather, stable economic conditions (national and Florida), and supportive commodity markets.
  • 5Public policy support for wind and solar development, along with market demand and transmission expansion, are critical assumptions.
  • 6Access to capital at reasonable costs and terms is a key assumption for achieving growth expectations.
  • 7Management will discuss these growth expectations and associated assumptions at upcoming investor meetings.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose that NextEra Energy's management team will be discussing the company's long-term growth expectations, including reaffirming previously issued adjusted earnings per share (EPS) guidance for 2012 and 2014, at upcoming investor meetings.

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' nuclear decommissioning funds. It is important to note that adjusted earnings are not a substitute for net income prepared under GAAP.

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

Investors can find detailed information about the risks and uncertainties associated with these forward-looking statements in NextEra Energy's Form 10-K for the year ended December 31, 2011, and other SEC filings. The company also includes cautionary statements and risk factors within this 8-K filing.