CLAIM #45182 · Nextera Energy Inc (NEE) · 2022Q4 earnings call · Jan 25, 2023 · due Dec 31, 2024
“We are confident that we can source panels consistent with these guidelines by the end of the two-year waiver period.”
Kirk Crews · CFO
In context
“companying slide provides additional details on our new expectations and where our development program at Energy Resources now stands. As you know, the industry has faced significant supply chain challenges and disruption over the past year and yet our integrated supply chain and engineering and construction teams demonstrated their resiliency by continuing to execute for our customers, and we have been working for over a year with our suppliers to manufacture wafers outside of China. We believe the Commerce Department's preliminary determination on circumvention of anti-dumping and countervailing duties late last year clarified that solar panels manufactured in Southeast Asia using wafers and cells produced outside of China are not circumventing anti-dumping and countervailing duty laws. We are confident that we can source panels consistent with these guidelines by the end of the two-year waiver period. Finally, we continue to advance discussions to support the domestic production of solar panels. Turning now to the consolidated results for NextEra Energy. For the fourth quarter of 2022, GAAP net income attributable to NextEra Energy was $1.52 billion, or $0.76 per share. NextEra Energy's 2022 fourth quarter adjusted earnings and adjusted EPS were approximately $1 billion, or $0.51 per share, respectively. For the full-year 2022, GAAP net income attributable to NextEra Energy was $4.15 billion, or $2.10 per share. Adjusted earnings were $5.74 billion or $2.90 per share. For the Corporate & Other segment, adjusted earnings for the full-year were roughly flat compared to the prior-year. As John mentioned, we invested more than $19 billion in our businesses in 2022, which we expect will aga”
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SEC filings for NEE ↗ · Claim quote is verbatim from the 2022Q4 earnings call.