NextEra Energy

NextEra Energy said technology giant Google has signed a 25-year deal to buy power from the utility’s Duane Arnold nuclear power plant, which the Florida-based energy provider wants to restart.

Facing a projected surge in power demand across the country, NextEra Energy is taking steps to potentially restart its shuttered 615-MW Duane Arnold nuclear plant in Iowa as early as 2028, while also signing a new partnership with GE Vernova to develop natural gas generation projects that could be paired with renewable energy and storage. […]

The president and CEO of Florida Power & Light (FPL) announced he will step down from his role as leader of the utility. Eric Silagy, who became FPL’s president in 2011 and was named CEO in 2014, on Jan. 25 said he will move into a transitional role with the utility next month. Silagy, 57, […]

Since its inception as Florida Power & Light Co. in 1925, NextEra Energy has transformed into the world’s largest utility company. The company’s history is symbolic of the growth and uncertainty that has characterized the history of power. 

The Duane Arnold Energy Center (DAEC, Figure 1)—a 615-MW nuclear power plant located in Palo, Iowa—will reportedly not restart after high winds caused extensive damage to the station’s cooling towers. The plant owner, NextEra Energy Resources, had planned to retire the unit on Oct. 30, but after assessing damage caused by an Aug. 10 derecho, […]

Energy companies and equipment suppliers to the power generation industry have been at the forefront of efforts to battle the COVID-19 pandemic. Utilities have suspended shutoffs of services to customers impacted by the economic crisis, and have instituted protocols to maintain proper staffing levels to ensure the reliable delivery of electricity during a time when […]

STERLING, COLO. – Sept. 30, 2019 – NextEra Energy Resources is donating a fully-functional decommissioned wind turbine nacelle to Northeastern Junior College’s Wind Technology program as a learning tool for one of the nation’s top wind technology education programs. A nacelle is the protective shell that houses all of the turbine machinery atop a wind […]

Wireless pressure gauges keep nine continuous emissions monitoring systems operating reliably, and wireless position monitoring helps close the loop on 90 control valves. Existing operations in power plants

NextEra Energy Resources, the wholesale power generating subsidiary of Florida-based NextEra Energy Inc., announced it has struck a deal to shorten its power purchase agreement (PPA) with Alliant Energy and will retire the Duane Arnold Energy Center (DAEC)—a 615-MW nuclear power plant located in Palo, Iowa—before the end of 2020. DAEC’s reactor is licensed with […]

NextEra Energy on May 21 said it would acquire several assets from Southern Co., including Southern’s ownership interest in two natural gas-fired power plants in Florida, in a deal valued at about $6.5 billion. Southern in a statement Monday said the sale would help the company reduce debt, which has dogged Southern as its subsidiary […]

The generating fleets owned by some of the largest companies in the U.S. (ranked here by capacity in 2017) have transformed over the past four years, in some cases dramatically, as total revenues fluctuated. Sources: Fidelity Investments (revenue data standardized by S&P Capital IQ); EIA-860 detailed data; SEC 10-K filings, and company websites. —Copy and artwork by Sonal Patel, a […]

JUNO BEACH, Fla. and SHANGHAI (March 30, 2018) — Two global solar energy leaders, U.S.-based NextEra Energy, Inc. (NYSE: NEE) and China-based JinkoSolar Holding Co., Ltd. (NYSE: JKS), today announced one of the largest solar panel supply deals in history. NextEra Energy announced that it is the counterparty to a major supply agreement that was […]

TWO RIVERS, Wis., Jan. 30, 2017 /PRNewswire/ — WPPI Energy and NextEra Energy Resources, a subsidiary of NextEra Energy, Inc. (NYSE: NEE), today announced plans to build a 100-megawatt solar energy center – Wisconsin’s largest – with a capacity to serve more than 23,000 people with affordable, clean energy. “This solar energy center adds diversity to […]

NextEra Energy announced on July 18 that it has terminated plans to merge with Hawaiian Electric Industries (HEI). Not surprisingly, NextEra Energy said the decision was driven by the Hawaii Public Utilities Commission’s (PUC’s) 2–0 decision on July 15 to dismiss the Joint Application for the Change of Control filed by the companies. “As a […]

NextEra Energy Inc. and Hawaiian Electric Industries Inc. (HEI)—two companies with substantial renewable energy resources—agreed on Dec. 3 to combine in a transaction valued at roughly $4.3 billion. Currently, NextEra Energy’s principal subsidiaries include Florida Power & Light Co. (the third-largest electric utility in the U.S.), and NextEra Energy Resources (North America’s largest producer of […]