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June 2, 2014
18:16 EDTNEENextEra Energy CEO issues statement on proposed EPA guidelines
NextEra Energy Chairman and CEO Jim Robo issued the following statement regarding the announcement by the U.S. Environmental Protection Agency of its newly proposed guidelines for the regulation of greenhouse gas emissions from existing power plants under section 111(d) of the Clean Air Act: "As a clean energy leader, NextEra Energy appreciates the shared responsibility we have to reduce greenhouse gas emissions and protect the environment, while ensuring affordable, reliable energy for our customers. At NextEra Energy, we have positioned our business to manage the opportunities and risks presented by climate change issues, while simultaneously lowering emissions. And for customers of Florida Power & Light Company, we have been investing billions of dollars to modernize our system, converting older, oil-fired power plants into high-efficiency energy centers that run on clean, U.S.-produced natural gas and increasing our use of emissions-free nuclear and solar energy. While we will continue to review the proposed guidelines in detail, we appreciate that EPA's plan provides for compliance flexibility in terms of enabling states to choose how they will meet their goals. We also appreciate that EPA's plan recognizes the efforts that states and companies have taken already toward balancing the needs for cleaner power, lower emissions and affordable energy."
News For NEE From The Last 14 Days
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December 14, 2014
19:44 EDTNEENextEra Energy could face battles with Hawaiian government, Barron's says
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December 5, 2014
07:34 EDTNEENextEra Energy acquisition likely mildly dilutive, says RBC Capital
After NextEra (NEE) agreed to buy Hawaiian Electric (HE), RBC Capital thinks the acquisition will be mildly dilutive. In order to justify the deal. NextEra would have to reduce operating and fuel costs while increasing the rate base, RBC believes. The firm thinks there is a possibility that regulators could push for concessions from NextEra which would cause it to walk away form the deal. The firm keeps a $112 price target and Outperform rating on NextEra.

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