What is NextEra Energy's updated financial outlook for 2014 and 2016?

NextEra Energy reaffirmed its 2014 adjusted earnings per share (EPS) expectations of $5.05 to $5.45. For 2016, the company expects adjusted EPS to be between $5.50 and $6.00, reflecting a projected average annual growth rate of approximately 5-7% from its 2012 adjusted EPS base.

What items are excluded from NextEra Energy's adjusted earnings per share calculations?

The adjusted EPS figures exclude several items that are difficult to quantify or are considered non-recurring or outside of normal operations. These include the cumulative effect of adopting new accounting standards, unrealized mark-to-market effects of non-qualifying hedges, net other than temporary impairment losses on securities in nuclear decommissioning funds, operating results from solar thermal facilities in Spain, and 2014 gains from fossil assets in Maine.

What are the key assumptions underlying NextEra Energy's earnings expectations?

NextEra Energy's adjusted EPS expectations are contingent upon several factors, including normal weather and operating conditions, continued recovery of the national and Florida economies, supportive commodity markets, public policy support for renewable energy development, market demand and transmission expansion for renewables, access to capital at reasonable costs, no significant acquisitions or divestitures, no adverse litigation outcomes, and no changes to governmental tax policy or incentives.

Where can investors find more detailed information about the risks associated with these forward-looking statements?

The filing itself contains cautionary statements and risk factors that may affect future results. Investors are strongly advised to read these sections carefully and in conjunction with NextEra Energy's annual report on Form 10-K for the year ended December 31, 2013, and other SEC filings made thereafter.

NEXTERA ENERGY INC 8-K: Regulation FD

Summary

This 8-K filing from NextEra Energy, Inc. (NEE) on June 19, 2014, primarily serves as a reaffirmation of the company's previously communicated financial outlook. NEE reiterated its 2014 adjusted earnings per share (EPS) expectations to be in the range of $5.05 to $5.45. Furthermore, the company projected an average annual adjusted EPS growth rate of approximately 5-7% through 2016, based on a 2012 adjusted EPS baseline, leading to an adjusted EPS expectation of $5.50 to $6.00 for 2016. The filing also detailed several exclusions from these adjusted EPS figures, including the impact of new accounting standards, unrealized mark-to-market effects of certain hedges, net other than temporary impairment losses on nuclear decommissioning funds, and operating results from Spanish solar thermal facilities. Importantly, the adjusted EPS guidance excludes gains from Maine fossil assets in 2014 and is predicated on several assumptions such as normal weather and operating conditions, economic recovery, supportive public policy for renewables, access to capital, and no significant acquisitions, divestitures, adverse litigation, or changes in tax policy. The company strongly advises investors to review these forward-looking statements in conjunction with their accompanying cautionary statements and risk factors.

Key Highlights

1Reaffirmed 2014 adjusted EPS guidance of $5.05 to $5.45.
2Projected average annual adjusted EPS growth of 5-7% through 2016.
3Targeted 2016 adjusted EPS of $5.50 to $6.00, based on a 2012 adjusted EPS baseline.
4Specified key exclusions from adjusted EPS, including accounting standard adoption, mark-to-market effects, nuclear fund impairments, and Spanish solar results.
5Guidance excludes 2014 gains associated with Maine fossil assets.
6Expectations are subject to numerous assumptions including normal operating conditions, economic recovery, public policy support for renewables, and access to capital.
7Company emphasizes that adjusted earnings are not a substitute for GAAP net income and refers investors to detailed risk factors and cautionary statements.

NEXTERA ENERGY INC 8-K Report, Regulation FD Disclosure (Jun 19, 2014)

Summary

Key Highlights

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