CLAIM #45161 · Nextera Energy Inc (NEE) · 2022Q3 earnings call · Oct 28, 2022 · due Dec 31, 2024
“It's basically where it is at the '22 levels. It varies a little bit but is exactly what we put forward for the plan here for the last two years that we've had going forward.”
Eric Silagy · CEO, Florida Power & Light
In context
“t, in 2023 and 2024? And maybe what are the puts and takes that could move it in either direction for those years? Eric Silagy : Michael, it's Eric. So look, we have a robust capital plan that continues. We've talked about it before from a standpoint of our storm hardening that program. Obviously, you could see the impacts with Ian and how beautifully it really made a difference. We're going to continue with our storm hardening program, our undergrounding program, our solar build-out. We have great visibility into our capital deployed right through the rate case settlement period and what we have filed through our 10-year site plan. Michael Lapides : Got it. So I'm just trying to think about this just, is capital spend above or below 2022 levels for the next couple of years? Eric Silagy : It's basically where it is at the '22 levels. It varies a little bit but is exactly what we put forward for the plan here for the last two years that we've had going forward. John Ketchum : Yes. Michael, I would just add, there's no real deviation from what we shared at the investor conference. So it's in line with the plans that we laid out in terms of roughly $8.2 billion to $8.5 billion a year over the settlement terms. Michael Lapides: Yes. The only reason I ask -- and thank you for that -- is given the fact you've got the full surplus amortization back on board right now, you could actually invest more to improve reliability, and obviously, green the system even more without necessarily having to, A, hurt earnings; and B, increase customer rates for the next couple of years. Eric Silagy : Yes. But Michael, again, we're right now sticking with our plan. We've got a good visibility. A lot of this, remember, it's a lot of execution. And so we have a -- we've”
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SEC filings for NEE ↗ · Claim quote is verbatim from the 2022Q3 earnings call.