Presentation at 2023 Wolfe Research Utilities, Midstream & Clean Energy Conference NextEra Energy also continues to expect to grow its dividends per share at a roughly 10% rate per year through at least 2024, off a 2022 base. As previously communicated, NextEra Energy will be disappointed if it is not able to deliver financial results at or near the top end of its adjusted earnings per share ranges through 2026. This translates to a range of $3.45 to $3. For 20, NextEra Energy expects to grow 6% to 8%, off the 2024 adjusted earnings per share range. For 20, NextEra Energy continues to expect adjusted earnings per share to be in the ranges of $2.98 to $3.13 and $3.23 to $3.43, respectively. NextEra Energy today is reaffirming that its long-term financial expectations remain unchanged. LLC is serving as financial advisor to NextEra Energy, and Norton Rose Fulbright is serving as the company's legal advisor. Since joining NextEra Energy, FCG has been honored three times as a Most Trusted Utility Brand and twice as a Customer Champion, both recognitions from Escalent. Its natural gas system includes approximately 3,800 miles of distribution main and 80 miles of transmission pipe. Expected to be completed over the next several months, the sale is conditioned upon satisfaction of the Hart-Scott-Rodino review and customary closing conditions.įCG serves about 120,000 residential and commercial natural gas customers across eight counties in Florida, including Miami-Dade, Broward, Brevard, Palm Beach, Hendry, Martin, St. The impact of the gain on sale at the time of closing will be excluded from adjusted earnings. The transaction value of $923 million, including $145 million of intercompany debt, is expected to be accretive to NextEra Energy earnings immediately upon closing. I want to thank the FCG team for their hard work and accomplishments and am confident they will continue to be successful in the years to come." "This transaction allows us to continue our strategy of redeploying capital into our core businesses. "We are pleased that FPL has reached this agreement to sell FCG to Chesapeake Utilities," said John Ketchum, chairman, president and chief executive officer, NextEra Energy.
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