CLAIM #45159 · Nextera Energy Inc (NEE) · 2022Q3 earnings call · Oct 28, 2022 · due Jan 31, 2023
“In terms of timing, which I think was the other part of your question, I think we've been very open that we plan to provide a further update on the next call in January on the Q4 call.”
John Ketchum · CEO
In context
“a 20-gigawatt backlog, but you combine that with 25 gigawatts of operating renewables, and you just think about the potential opportunity of 45 gigawatts around repowerings and with regard to colocated storage because, as we all know, under the old regime, the only way you could really introduce storage into the puzzle was by combining it with solar. Nobody has the wind footprint that we do. And so now we have the opportunity to put -- colocate storage in all of our wind sites, not only that we own today, but that we might build going forward. The same goes with solar. And then obviously, there's an opportunity now to go ahead and build storage stand-alone. And so that is terrific, not only for Energy Resources, but obviously provides a great opportunity set for NEP going forward as well. In terms of timing, which I think was the other part of your question, I think we've been very open that we plan to provide a further update on the next call in January on the Q4 call. Julien Dumoulin-Smith : Got it. And just to get ahead of that fourth quarter a little bit, you would have a more holistic update on just the extent that the repowering opportunities and colocated opportunities through, call it, the '25 period by fourth quarter. Again, I get that it takes some time to actually execute to decide what... John Ketchum : Yes, Julien, we'll do the best we can. Remember, too, that there are some regulations we're working on with the Treasury Department as well. So some of that update around repower and colocated storage might be tied to finalization of those, but we'll certainly try to give a view. Operator: Our next question will come from Shahriar Pourreza with Guggenheim Partners. Shahriar Pourreza : Just a real quick follow-up on Julien's question. Just -- m”
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SEC filings for NEE ↗ · Claim quote is verbatim from the 2022Q3 earnings call.