CLAIM #45074 · Nextera Energy Inc (NEE) · 2022Q1 earnings call · Apr 21, 2022 · due Dec 31, 2024
“We expect to continue delivering LP distribution growth that is already best-in-class.”
John Ketchum · CEO
In context
“t, so as financial discipline. Both businesses are constantly implementing new technologies. Both businesses are constantly finding ways to do things more efficiently and to improve our cost position. As Kirk mentioned, this year, our employees generated about 900 individual ideas translating into roughly $400 million in additional run rate O&M savings across the enterprise through Project Velocity, our best performance ever after 10 years of pursuing O&M improvement in this employee-driven annual exercise. Our strategy at NextEra Energy is to continue to do what we have done well, only better and bigger as new market opportunities present themselves. Our strategy at NextEra Energy Partners is much the same. The partnership will double down on what we have done well since our IPO in 2014. We expect to continue delivering LP distribution growth that is already best-in-class. We plan to continue to pursue growth in three ways: by acquiring assets from Energy Resources, by acquiring assets from third parties and by additional organic capital investments in the assets we own as the portfolio grows over time. Yet as at NextEra Energy, it is the future of the partnership and its long-term growth visibility that is most exciting to us. Simply put, we believe that what is good for NextEra Energy tends to be good for NextEra Energy Partners, and what is good for decarbonization of the U.S. economy is going to be terrific for shareholders of NextEra Energy as well as for unitholders of NextEra Energy Partners. We will have more to share about our long-term growth prospects at both companies at our investor conference in June. I'd like to close by once again thanking o”
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SEC filings for NEE ↗ · Claim quote is verbatim from the 2022Q1 earnings call.