CLAIM #45446 · Nextera Energy Inc (NEE) · 2024Q4 earnings call · Jan 24, 2025 · due Jan 24, 2029
“Take our own CapEx. We've been top five infrastructure investor over the last five years, fully expect that to be the case over the next four years.”
John Ketchum · CEO
How to check this claim
Look at: NextEra's cumulative capital expenditures over the four-year forward period, benchmarked against other US infrastructure investors
It came true if: NextEra ranks among the top five US infrastructure investors by cumulative capex over the four-year period (2025-2028)
Where: Company-disclosed capex figures (10-K filings) compared against peer infrastructure investor rankings (industry/analyst reports)
In context
“ton on advocacy around IRA. And what I will say there is, again, it's all about electrons and needing electrons right now. The power demand is here today. We need to serve it. Renewables pay -- play a very important role in all forms of energy solution. We're going to need gas to back up renewables. We'll have nuclear, later next decade. But right now, if we need solutions that are going to deliver electrons to the grid, so we don't have a power crisis. And that is the thing that is not being overlooked at all by folks that we are meeting with in Congress. And then there's the other factor that, look, this is a terrific American industry. We are creating a substantial number of jobs right here in our backyard and 80% of those jobs are -- and investments are incurring in Republican states. Take our own CapEx. We've been top five infrastructure investor over the last five years, fully expect that to be the case over the next four years. NextEra is going to invest $120 billion over the next four years. That's our expectation. And again, 80% of those dollars is going into Republican states, that’s a lot of manufacturing, a lot of job creation, a lot of property taxes, a lot of economic benefits. So those are the messages that we're trying to make sure we get across in Washington around the IRA discussion. Steve Fleishman: Great. Very helpful. Thank you. John Ketchum: Thank you, Steve. Operator: Our next question comes from Shahriar Pourreza from Guggenheim Partners. Please go ahead with your question. Shahriar Pourreza: Hey, guys. Good morning. John Ketchum: Good morning, Shar. Shahriar Pourreza: Good morning. Just real quick, John, I know you noted the time to market for nuclear is between the '27 and '30 timeframe. I gue”
Verify independently
SEC filings for NEE ↗ · Claim quote is verbatim from the 2024Q4 earnings call.