Utility investors received some very good news yesterday. Roughly a month after sparking a sector-wide panic by cancelling an asset sale or “drop down” to its yieldco affiliate NextEra Energy
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I highlighted the NextEra strategy shift in my October 7 post “Regarding NextEra” and again in October issue of Conrad’s Utility Investor. At the time, management asserted “it would be disappointed” if the company did not hit the high end of its earnings guidance ranges for calendar years 2023-26. Today, the utility repeated that claim, while providing its most substantial color to date on how it will achieve that.
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