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10-K: FY2024 Annual Report

SEC ·  Feb 14 19:25

Summary by Moomoo AI

NextEra Energy reported total operating revenues of $24.75 billion for fiscal year 2024, marking an 11.9% decrease from $28.11 billion in the previous year. Net income declined 4.9% YoY to $6.95 billion, while total assets grew 7.1% to $190.14 billion. The company's total equity position strengthened, rising 10.9% to $43.08 billion.The company, operating through Florida Power & Light (FPL) and NextEra Energy Resources (NEER), has filed for new base rate proceedings starting 2026. The proposed revenue requirement increases include $1.55 billion effective January 2026 and an additional $930 million from January 2027, reflecting planned investments in renewable energy and grid modernization.Under the leadership of Chairman and CEO John W. Ketchum, NextEra Energy has implemented new Executive Retention Employment Agreements and updated its Non-Employee Director Compensation structure for 2024-2025. The company continues to navigate challenges including credit market access, regulatory changes, weather-related impacts, and cybersecurity threats while maintaining its position as Florida's largest electric utility serving over 6 million customer accounts.
NextEra Energy reported total operating revenues of $24.75 billion for fiscal year 2024, marking an 11.9% decrease from $28.11 billion in the previous year. Net income declined 4.9% YoY to $6.95 billion, while total assets grew 7.1% to $190.14 billion. The company's total equity position strengthened, rising 10.9% to $43.08 billion.The company, operating through Florida Power & Light (FPL) and NextEra Energy Resources (NEER), has filed for new base rate proceedings starting 2026. The proposed revenue requirement increases include $1.55 billion effective January 2026 and an additional $930 million from January 2027, reflecting planned investments in renewable energy and grid modernization.Under the leadership of Chairman and CEO John W. Ketchum, NextEra Energy has implemented new Executive Retention Employment Agreements and updated its Non-Employee Director Compensation structure for 2024-2025. The company continues to navigate challenges including credit market access, regulatory changes, weather-related impacts, and cybersecurity threats while maintaining its position as Florida's largest electric utility serving over 6 million customer accounts.
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