Primary subsidiary Florida Power&Light Co. (FPL) is a high-quality electric utility that generates steady earnings and cash flows Low regulatory risk in Florida Healthy service territory with good customer growth prospects and a predominantly residential and commercial base Unregulated merchant energy activities detract from consolidated business risk profile despite active efforts to reduce commodity price risk Diversification in and among competitive energy businesses offsets some of the weakness they bring to the credit profile Aggressive capital spending plans depress financial measures Dependence on natural gas to generate electricity in Florida could raise regulatory risk in a rising price environment Credit measures that support our assessment of the financial risk profile and that we project will likely improve High
RESEARCH Summary: NextEra Energy Inc. Publication date: 29-Jul-2014 Primary Credit Analyst: Todd A Shipman, CFA, New York (1) 212-438-7676; todd.shipman@standardandpoors.com Secondary Contact: Dimitri Nikas, New York (1) 212-438-7807;...
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Research Update: NextEra Energy Ratings Affirmed, Hawaiian Electric Industries And Subsidiary Ratings On Watch Positive On Acquisition – 2014/12/04 – US$ 225.00
Summary: NextEra Energy Inc. – 2015/06/12 – US$ 225.00
NextEra Energy Inc. – 2015/06/16 – US$ 500.00
Summary: NextEra Energy Inc. – 2015/06/16 – US$ 225.00
NextEra Energy Inc. And Subsidiaries 'A-' Ratings Affirmed; Outlook Remains Stable – 2015/12/01 – US$ 150.00
NextEra Energy Inc. – 2014/07/29 – US$ 500.00
Bulletin: NextEra Energy Inc.'s Announcement That It Is Forming A New Company Will Not Affect Ratings – 2014/05/22 – Free
Summary: NextEra Energy Inc. – 2014/04/14 – US$ 225.00
Summary: NextEra Energy Inc. – 2013/04/30 – US$ 225.00
NextEra Energy Inc. – 2013/04/29 – US$ 500.00
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