NextEra Energy Resources and WPPI Energy Sign New Agreement to Serve the Upper Midwest with Nuclear Energy

Core Insights - NextEra Energy Resources has signed a long-term agreement with WPPI Energy to supply electricity from the Point Beach Nuclear Plant, ensuring continued access to nuclear power into the 2050s [1][2][3] Company Overview - NextEra Energy Resources is a subsidiary of NextEra Energy, Inc. and is the largest energy infrastructure developer in the U.S., with approximately 33,410 megawatts of net generating capacity as of year-end 2024 [5] - WPPI Energy is a member-owned, not-for-profit energy company serving 51 locally owned utilities, providing electric power to over 220,000 homes and businesses across Wisconsin, Upper Michigan, and Iowa [6] Operational Details - The Point Beach Nuclear Plant, located in Wisconsin, is the state's only operating nuclear power plant, contributing nearly 15% of the state's power and capable of powering nearly 1 million homes and businesses [4] - WPPI currently utilizes 168 megawatts (MW) of the plant's total output of nearly 1,200 MW, and this capacity will remain unchanged under the new agreement [2][3] Strategic Importance - The agreement is seen as crucial for meeting the growing electricity demand in the Upper Midwest, with both companies emphasizing the importance of maintaining a diverse and stable power supply in a rapidly changing energy landscape [3]