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Nextera Energy Inc V.NEE


Primary Symbol: NEE Alternate Symbol(s):  NEE.PR.R | NEE.PR.N | NEE.PR.S | NEE.PR.T

NextEra Energy, Inc. is an electric power and energy infrastructure company. It operates through its wholly owned subsidiaries, NextEra Energy Resources, LLC and NextEra Energy Transmission, LLC (collectively, NEER) and Florida Power & Light Company (FPL). Its segments include NEER and FPL. FPL segment is a rate-regulated electric utility engaged in the generation, transmission, distribution and sale of electric energy in Florida. FPL has approximately 33,276 megawatts (MW) of net generating capacity, approximately 90,000 circuit miles of transmission and distribution lines and 883 substations. The NEER segment owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets in the United States and Canada and also includes assets and investments in other businesses with a clean energy focus, such as battery storage and renewable fuels. It also owns, develops, constructs and operates rate-regulated transmission facilities in North America.


NYSE:NEE - Post by User

Comment by wvandammon Nov 12, 2019 8:35am
108 Views
Post# 30338915

RE:new numbers looking great, await financials

RE:new numbers looking great, await financials
Sales look good indeed. Financials end this month should be good. Production for the month of September is disappointing though. Hopefully this is a one-off occurrence related to improvements that interfered with production or the change in contractors, but there's no real explanation in the press release.

On the precious metals forum Ken did mention they shoot for 45-50k ounce production this year and expect to have 20M USD in cash flow (with market cap now at 40M..). Production levels will have to increase further still to make that happen though. The blasting improvements, reduced leach times and improved recoveries in Merill-Crowe are encouraging however.

Ken also mentioned the decision on the increased crush size would be 1-2 months out and would reduce crushing costs by 30%. As for the powerline there's still no mention on a timeline. Every press release just mentions "they are advancing talks" whatever that means.

As for the ongoing exploration Ken also mentioned this was mainly infill driling to convert the 40k inferred resources, but he also mentioned they were testing at depth. Bigger scale exploration will of course only start after the MPO is approved (Q1 2020) and the cash position further strengthened.
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