CLAIM #45418 · Nextera Energy Inc (NEE) · 2024Q3 earnings call · Oct 23, 2024 · due Dec 31, 2029
“We have fully derisked our safe harbor program. I mean, we're bought through '29.”
John Ketchum · CEO
How to check this claim
Look at: Company-reported status of safe harbor equipment purchases/investments securing tax credit eligibility for development program through 2029
It came true if: Management continues to affirm (or does not walk back/report disruption to) safe harbor coverage extending through 2029 in subsequent disclosures
Where: Company disclosures / management commentary on quarterly earnings calls and 10-K filings through 2029
In context
“entially NextEra Energy Partners. Going forward, obviously, data centers being a big part of that as well. And so, we have a number of things that we're looking at that could potentially lead to attractive growth opportunities for NEP going forward. Operator: The next question comes from Julien Dumoulin-Smith with Jefferies. Julien Dumoulin-Smith : John -- I know you guys are always a step ahead of everyone else here. So I wanted to get ahead here, how do you frame the discussion on safe harboring assets heading into the election outcome, whatever it may be? How would you assess derisking your plans through '27, as you guys have talked about or even frankly, beyond the '27 point in terms of proactively safe harboring your outlook, whether that's storage, solar or wind? John Ketchum : Yes. We have fully derisked our safe harbor program. I mean, we're bought through '29. So those that are familiar with the safe harbor program that would -- the moves that we have made and the investments that we have made have protected our development program through the 4 year safe harbor through 2029. First -- so that's the first thing that I would say. The second piece is, don't forget, we're always very forward-looking from a supply chain perspective. And we've also -- we're very long transformers, we're very long switchgears, other electrical equipment that have caused problems for others in the industry. So we have planned ahead. We've taken all the necessary steps on safe harboring and we've also taken all the necessary steps in terms of locking up critical electric infrastructure that is leading to delays of projects by small developers, which, again, the small de”
Verify independently
SEC filings for NEE ↗ · Claim quote is verbatim from the 2024Q3 earnings call.