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NextEra Energy Resources and WPPI Energy Sign New Agreement to Serve the Upper Midwest with Nuclear Energy
Prnewswire· 2025-12-08 12:30
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]
XPLR Infrastructure, LP announces the pricing of $750 million of 7.750% senior unsecured notes due 2034
Prnewswire· 2025-11-12 21:15
Core Points - XPLR Infrastructure, LP announced the pricing of a private offering of 7.750% senior unsecured notes due 2034, expected to close on November 21, 2025 [1][2] - The offering aims to raise approximately $740 million in net proceeds, which will be used for various financial obligations and investments [3] Financial Details - The notes will pay interest semi-annually at an annual rate of 7.750% and will mature on April 15, 2034 [2] - The net proceeds will be allocated to pay cash consideration for the tender offer of outstanding 3.875% senior notes due in October 2026, repay outstanding debt, and fund investments in clean energy projects [3] Company Overview - XPLR Infrastructure, LP is focused on clean energy infrastructure with long-term, stable cash flows, and aims to deliver value through disciplined capital allocation [5] - The company’s portfolio includes diversified generation technologies such as wind, solar, and battery storage projects in the U.S. [5]
NextEra Energy announces participation at the 2025 Wolfe Research Utilities, Midstream & Clean Energy Conference and plans to host an investor conference in December
Prnewswire· 2025-09-30 20:15
Company Overview - NextEra Energy, Inc. is one of the largest electric power and energy infrastructure companies in North America, providing electricity to approximately 12 million people across Florida through its subsidiary, Florida Power & Light Company [3] - The company is a Fortune 200 entity and also owns NextEra Energy Resources, LLC, which is a leading energy infrastructure development company in the U.S. [3] Upcoming Events - John Ketchum, chairman, president, and CEO of NextEra Energy, will participate in a fireside chat at the 2025 Wolfe Research Utilities, Midstream & Clean Energy Conference on October 1, 2025, discussing long-term growth-rate expectations [1] - An investor conference is scheduled for December 8, 2025, where presentation materials will be accessible starting at 8:15 a.m. ET, with a live audio webcast beginning at 8:30 a.m. ET [2] Business Strategy - NextEra Energy is focused on meeting America's growing energy needs through a diverse mix of energy sources, including natural gas, nuclear, renewable energy, and battery storage [3]
NextEra Energy to meet with investors throughout September and in early October
Prnewswire· 2025-09-02 11:30
Company Overview - NextEra Energy, Inc. is one of the largest electric power and energy infrastructure companies in North America, providing electricity to American homes and businesses [2] - The company is headquartered in Juno Beach, Florida, and owns Florida Power & Light Company, which serves approximately 12 million people across Florida [2] - NextEra Energy also owns NextEra Energy Resources, LLC, a major energy infrastructure development company in the U.S. [2] - The company utilizes a diverse mix of energy sources, including natural gas, nuclear, renewable energy, and battery storage to meet America's growing energy needs [2] Investor Engagement - Members of the senior management team will participate in various investor meetings throughout September and early October to discuss long-term growth-rate expectations [1]