MAAT INDEX

CLAIM #45069 · Nextera Energy Inc (NEE) · 2022Q1 earnings call · Apr 21, 2022 · due Apr 21, 2027

In fact, at our current rate of organic customer growth, FPL would add a customer base the size of Gulf Power roughly every five years.

John Ketchum · CEO

PENDING
graded after results covering Apr 21, 2027 are reported

How to check this claim

Look at: Cumulative net new FPL retail customer accounts added over a five-year period

It came true if: Net new FPL customers added from 2022-04-21 to 2027-04-21 >= Gulf Power's customer base size at time of acquisition (approximately 470,000 customers)

Where: FPL customer count disclosures (FPL/NextEra 10-K filings or investor presentations)

In context

rt answer is that I expect our strategy to be consistent with how we have grown the company over the past several decades, but that we will continue to adapt and evolve our strategy to meet increasing customer expectations, to leverage new technologies and to lead the decarbonization of the U.S. economy. Now is the time for our company, our industry and our country to embrace low-cost renewable energy like never before. We need to create more jobs, not less, and combat the impacts of higher inflation, higher oil and natural gas prices and rising electricity demand by supporting, not stymying, solar and storage development. Our strategy going forward is to build down on our core businesses. At FPL, we expect one of the highest population growth rates of any state in the nation to continue. In fact, at our current rate of organic customer growth, FPL would add a customer base the size of Gulf Power roughly every five years. FPL's undergrounding program is just getting started, and we have visibility to billions of dollars in capital investment for the next several decades to continue hardening and strengthening the grid as we deliver industry-leading reliability to our customers. And we are also just getting started at decarbonizing the generation fleet at FPL as only about 5% of our generation in FPL is currently produced by renewable energy. I believe that FPL already is the best utility in the nation. And yet we see significant cost reduction and incremental capital investment opportunities at FPL over the next several decades that can further improve our industry-leading customer value proposition by delivering clean, low-cost energy solutions for Florida customers. Our strategy also entails doubling dow

Verify independently

SEC filings for NEE · Claim quote is verbatim from the 2022Q1 earnings call.