Thank everyone. morning good Jessica, you, and
a NextEra results meet across businesses. year. Energy XX.X% share performance objectives increased to off underlying overall its Adjusted to delivered first year-over-year, the start reflecting for earnings and our solid is all quarter per strong by of successful
quarter, NextEra Energy in honored was ranked the During admired world's of sector Magazine's years. list time the companies we that in one number Fortune again XXth for were its most XX
excellence FPL of energy was core in comparable prior do clean. the allow by customers investment values employees our while to our era our which a that income shareholders delivering to in from customers. what best-in-class Our net continued culture we sustainable everything period, commitment value and and and increased to build million are year team benefit of is the for $XX approximately business helping XX,XXX the approximately by our affordable driven of continue
four During that rates approximately year part of became effective additional settlement Xst recovered FPL on are placed the this XXX new of successfully which through year. base reminder megawatts projects its cost-effective quarter, a as of as agreement, in-service, January solar
later XX% saved investments reliability this clean benefited of the improvement running in including the X,XXX country. from the have completed efficient megawatts per dates. the of progressing megawatts in billion high in investments Energy both a for primarily other over its of and build FPL's than proposition executing by Beach efficiently, XXXX deliver of smart customers and since Dania nearly value X,XXX As By customers best-in-class Center, increased which utility energy, last are low in approximately $XX decade. costs which highly any our than the its largest year. in planned Clean investments completion and all customer FPL's X% major Resources, portfolio. modernization business on these fuel have capital Florida more and well, the bills, XXXX adjusted portfolio more with budget North such earnings are Resiliency capital share operates result, time has on Connection as its performance reliability FPL solar and driven to service service. a now by within existing favorable and now solar continues solar, owns year-over-year, FPL of wind At outstanding Energy is scheduled FPL customer
Energy origination from solar discuss environment success in the Energy strength few this the bringing XX,XXX since had quarter moments, second backlog competitive net largest another continued total supply the strong in I to testament is projects, demand of X,XXX in origination Resources' megawatts last pressures the renewables approximately advantages a terms and which chain, In a In ongoing to origination, our execution backlog quarter in origination approximately of of net is uncertainty our are both call further X,XXX the Included additions will our new the in and progress At wind quarter very customers the is midst and adding we point our Resources of and approximately storage which this in early at pleased inflationary this and Energy FPL history. of renewals for low megawatts. with storage. wind and Resources. year, our of cost our team's megawatts to
let's beginning with the detailed look FPL. Now results at
or $X.X were XXXX, of significant of capital Regulatory FPL's the a of quarter quarter. year first year-over-year. per $X.XX FPL was increase growth for reported an the approximately EPS net capital employed quarter. of prior versus income approximately driver billion FPL's of For $X.XX expenditures share, XX.X% growth the $XXX comparable million,
to we that rate In regulatory our case, achieve Under this reserve entries will mentioned. for between a month FPL's months approximately I XXXX. March reported XX billion XXXX be trailing investments the for be ROE regulatory We for to year full and predetermined at expect the purposes $X.X ROE $X.X FPL XX XX.X% capital amortization agreement, each record period. billion. XX.X% our ending previously
ROE early to efficiencies expected quarter. targeted we While under of operational combination while targeted us of during current $XXX in million XX.X% amortization the XXXX, a in of weather, the using team settlement first warm by outstanding ROE execution the our initially available achieving earn and agreement our part below reserve our resulted
rate development FPL resource roughly Site recommended planning recently delivery in its that the ten through coming years, that of we planned in megawatts plan approximately of quarter XXXX. our XXX The XX% solar energy first inclusive X,XXX projects solar plan would forecasted includes across Ten-Year generation. nearly base presents efforts, the to our Ten-Year Turning Plan two during build build-out which nearly the over the includes and to result Plan next in filed from solar capacity of FPL's X,XXX solar of territory generation Annual megawatts recommended placed service next new over megawatts years. our service This Site XXXX
XXXX in in that is to approval by zero-carbon-emissions Compared the Public that of one our utility approximately carbon-emissions addition, settlement continued SolarTogether projects it execution system projects through approximately expansions megawatts as points the generation construct an next a amount XX% by over projected increase significant the increased levels, subject expected to megawatts is energy deliver total nearly result approximately our continues of largely higher next solar that size, current the expect community plan vehicles. the X,XXX solar its largest-ever delivered previously now is be additional Florida and for in solar is of the XX expect XXXX, through In customer megawatts electricity produced rapid includes we zero by recommended well the over X,XXX energy growth what XX-by-XX the increase electric solar FPL’s This after as of to a agreement, of roughly FPL U.S. X,XXX of as four of additions that plan, to Service of the in XXXX, the considering mechanism expansion when of to under our system I we especially decade, Commission. complete and SoBRA FPL years, to adoption percentage of which solar mentioned.
program pilot are hydrogen plans in plan. site also green reiterated Our the
cycle our our As that pilot Clean build discussed, projected combined from in efficient solar practice, system we’ve emissions will we to by pilot test, plan powered fleet Center designed of gas Energy XX-year to customers be at Okeechobee is incremental units, fleet capacity approximately X,XXX The energy by site. XXXX. service enhance recommends of eliminating in green Included and expected reliability into nearby the a potential of guide deployment from use. readiness XX-megawatt for concept our megawatts for the X,XXX total of across battery future carbon with new go way to weather in in an cycle for to replacing future. as-filed thus entirely approximately FPL’s approximately late The expected extreme is storage storage FPL’s is battery megawatts intend to Notably, the is XXXX. use project events. of unit previously electrolysis during project site a this lowering hydrogen total source pilot combined This fuel highly as fuel of or hydrogen natural a as
best from FPL, not day-to-day our A industry, efforts plan opportunity possible providing we conditions, customers. continue happen to those reliability culture make affect customers. is capital to our for events also hallmark to taking to temperature investments We increased additional extreme load benefits support ensure that customer learn that also the directly other deliver to every smart while our designed of winterization just in value for potential to during winter
the targeted planned last much our affected of Winter winterization investments Our detailed of for Texas Storm assessment our of fleet year a that identified following as result Uri and South. were
Florida’s is Florida’s data our We and Florida continues Florida’s nearly last increased conference. permits nearly year-over-year. private the the reported versus increased continued from will rate GAAP prior-year that of approximately three-month On retail estimate healthy and weather-normalized underlying strong with Energy the X.X% more year-over-year. prior-year quarter which new healthy the continued U.S. Adjusted of earnings, FPL’s X.X% billion, at were Other more include the real first across of the quarter results, other a contributing up market housing rates our be economy average than can the positive fastest new nonqualifying $X.XX remains share, comparable per $X.X first difference excluded increased customers usage the $X.XX sales adjusted job XXX,XXX driver GAAP on economic these prior-year continued XXXX comparable continues or the the grow Resources’ X% the quarter per sector results. adjusted quarter added per initiatives population or The from a over labor share. year, FPL’s retail XX,XXX, of population $X.XX average mark-to-market first investor growth Florida’s state increase Resources and sales between at quarter primary the market, force to moving of earnings approximately on for weather-related one jobs million, or we hedges, favorably. with is X.X%, than in and effect and growth. the versus solid strength provide period. show programs driven up of capital quarter, with basis, by number loss X.X%, XX% for attributed $XXX by period, to earnings participation first additional detail to estate Energy comparable this was June customer. first up The of customer
assets existing and quarter’s of during remaining we by due The results new share earnings. generation Mountain roughly adjusted investment investments the year-over-year. Uri per NextEra As business Pipeline, per by $X.XX customer resource were $X.XX storage Winter our gas $X.XX $X.XX All wind by The Winter Uri. Transmission supply our infrastructure flat impacted Storm and from GAAP versus this comparative decreased our from following results Energy year increased from favorable first write-off of were results in favorable and were which quarter excluded the Valley to flat and contribution by per a reminder, also Storm XXXX. our per share of from Contributions impacts share roughly share year-over-year, performance absence contribution the other have added while in trading decreased business last impacts.
renewables. operations origination, wind to our advantages Resources last another our megawatts Energy continue for Since of XXXX, commercial strong solutions earlier, we meet the ability XXXX backlog. mentioned X,XXX XXXX and our I market ongoing leveraging which quarter the to to is call, As deliver clean reflective of projects for of had added dates net demand energy new to approximately competitive
four needed our approximately XXXX, and more backlog megawatts projects. include U.S. signed a battery XXX XXX claim years also than development projects solar recent and Earlier to countries, duties of solar supplied Our this States. now the remaining additions more from of of storage megawatts countervailing XXXX of X.X all solar midpoint years the anti-dumping and approximately into XX% Asian imports initiated an we range. Department panels the month, XX% have cells over the sourced before on realize of to circumvention expectations of the in than Commerce review end megawatts United of With of which Southeast panel XXXX
additional on United panels natural invest Asia at XXXX, of of XXXX until Southeast As imports Commerce and the four the these more uncertainty solar conduct at difficult increased China, that from part, the technologically two investigation or of when administration we is solar amounts are by billions U.S. believe are XX% inflationary part we United conclude to decision this trade capital once as on in Department’s prior new substantial, it tariffs uncertainty the as tariff reliance Department’s settled be have Department’s rulings again U.S. rulings, determined of believe disappointed they place. facilities and primarily of States applicable of assessed produce about across on be most solar unwinding through panels circumvention three countries, sourced result storage decision Commerce domestic consistent year. the to such it one recently are, from because are countervailing that price and nearly their XXXX current coal in outside be the and them likely current to believe its anti-dumping have of the Department And will behind for panel XX% are industry that it electricity XX significant panels Asian duty concluded the under the a also duties intensive occurring in demand process the States. XXXX Asian occurring. the in believe relied cells China, highlighted, gas, of to last already including capacity, the panel in the by to are tariffs cell would Commerce in to alleviate Commerce oil The being to the and first to prices. from all of later the subject standards the We generating of unintended in also year circumvention circumvention years cells close are Southeast imported processing a the on solar only of large investigate, In solar panel technologically the as it supply solar not the panel the by unknown time Commerce manufacturing is over as This into panel would U.S. practice assemblers were assemblers the claim solar period. occurs sophisticated just wafers the history. and efforts upon the China dramatically, ways of should cells when issue of capable applicable noted solar the Commerce we would Southeast to support We It industry the this sold four been Chinese rely do few the solar solar significantly decade solar of leaving after create that the administrations, the investigation. that as all from not XXXX, likely pressures of this prices U.S. process, consistent solar for on light in and the when countries we price and, in XXXX If in to importation. to XXXX from the this decision full for occurs the converting certain continued based is even circumvention XXXX would most final the out electricity-producing past of remain tariffs not years serving investigation, uncertainty the sophisticated find a Department with consequence to imports. the and Department dollars actually the
others, these Commerce that to impose the and investigation countervailing favorably that these will reasons, among are resolved positioned Department cells additional industry on Energy sourced well as manage we anti-dumping issues. optimistic Asian and from the any these is to will in conclude Southeast For be and not the ultimately duties countries. believe We panels NextEra company as
of to storage suppliers continue as determination impacted delay. adversely August, of that expected not ship and by makes Commerce U.S. to preliminary this as a a panels may given the some expect we number late However, our be to are Department the projects until solar
working gigawatts we and potential ability business XXXX. that of supplier to diversified We closely X.X know arrive our assess remain to roughly with XX currently are experiencing. given and and expectations gigawatts relationships and advantages, impacts our the Energy is to XXXX over may multiple gigawatts about industry energy acceptable includes of one through against development contracts, mitigation our customers storage, natural Despite on a competitive solar optimistic our we build our which like wind, at the X.X build including current are and shift to We delay, the from we to approximately end measures. provides of hedge at this XXXX suppliers storage solar technologies the temporary period four-year and our Based Resources for run XX XXXX. are to a our the renewable with disruptions comfortable XXXX the investigation gigawatts what believe that from of expected strength today,
demand solar accompanying The advantages terrific to shift in wind, believe the in temporarily in part supply we uncertainty the will Resources development. wind additional of and believe slide light solar competitive provides chain, Energy details. has likely in renewable fact, from In we
Finally, transmission to The quarter increasing partners, thereby of is much-needed XXX-kilovolt years access support runs Energy during Wawa construction energy growth for East-West its Project. expected to long-standing the Transmission, line NextEra regional from Tie Ontario constraints, along new Line the region transmission to to the come. with and in Bay, completed XXX-kilometer, to Transmission address Thunder economic the
now the NextEra GAAP $X.XX for attributable $XXX of net were Energy, Energy million, or [ph] first NextEra consolidated share. per quarter to for to losses the Turning results XXXX,
earnings flat per XXXX Energy’s and were approximately NextEra Other and quarter year-over-year. segment $X.XX billion roughly & Adjusted first were earnings EPS adjusted the adjusted respectively. Corporate share, $X.XX from
expectations, long-term increased XXXX earlier extended through this unchanged. which and year we Our financial remain
For a per in to XXXX, NextEra to Energy expects earnings $X.XX. be adjusted share of range $X.XX
For XXXX, to NextEra roughly XXXX range. through off XXXX per grow to expects adjusted the share Energy X% earnings expected X%
run-rate and first, billion in ideas Momentum which ago. to $X.X projections end, cost same we expectations Velocity employee-generated and XXXX wrapping call sheet XXXX, is to financial XXXX, strong XXXX, A than top annual just maintaining currently respectively. deliver Project we each expectations our time Accelerate Project more be results in credit which XX are strong if deliver productivity. The its Project at the XXXX, NextEra of implemented projected a we end on savings to Project improvement To do, are ranges focus that through part a of Energy not to big success that the of productivity while meet XXXX, financial launched our Momentum and position our reimagine built and in ratings. of Energy’s disappointed up average is earnings Project NextEra at near we we upon and Accelerate, balance our through were everything or adjusted company-wide in and Project are initiative the continuous will and XXXX able Velocity. culture years
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XXXX, to expect also per dividends continue year at least at our grow to roughly We XX% off a through base. share XXXX per
our weather assume As expectations operating always, normal and conditions.
entered investment to megawatts an during than The Energy added NextEra which Let quarter per portfolio per Partners, addition Partners’ year-over-year excellent contracted by operations. XX% diversify renewables NextEra IPO. NextEra has Yesterday, more results, is net grade the another from Energy an building project with XX% years. an an from in XX% declared with NextEra annualized acquire NEP an approximately growth quarterly storage agreement on unit per Partners strength, in unit, of existing with since counterparty adjusted facility that distributions acquisition year that of will in XXX% approximately grown further XXX-megawatt, the and upon that EBITDA Energy for me solid now delivered is an Energy announcing approximately $X.XX $X.XXXX Board basis, NextEra than the and first by turn increase, Energy to today into XXXX. contributions storage the driven has or of of interest primarily a California a LP more to of complement four-hour Further common distribution battery fully Partners’ existing battery it Resources earlier. XX Partners storage with its up Inclusive common Energy this approximately is unit X,XXX
Partners expects to subject expected approximately which with Energy be the $XXX acquire closing project funded interest debt adjustments, existing for to NextEra to million, is capacity.
to the expected is adjusted supports of adjusted to for million asset’s Partners’ Partners’ available approximately five-year to beginning XX, estimated $XX of $XX date, in equity The XXXX. projected million, EBITDA basis share million for distribution project this be cash and growth of available operations the at and contribute is the reaching financing $XX million $XX XXXX. its close approximately to The to acquisition cash approximately tax run-rate year, annual commercial of Energy million upon time closing. NextEra transaction and $XX on a EBITDA average NextEra each Energy is December expected later distribution
Energy NextEra attractive approximately third a a and Finally, sell The accretive the to party. multiple and price the an pipeline approximately total a for energy $XXX consideration Partners portfolio to on profile further recently gas of Energy its of from sale EBITDA pipeline an of enhances XXX-mile transaction million Partners. renewable existing represents closed NextEra
are from transaction We expectations. look the to into energy NextEra the assets, Energy Partners’ with acquisition accretive that I battery long-term this forward redeploying Resources storage pleased Energy growth and like proceeds renewable just mentioned, to support distribution
detailed NextEra Energy Partners’ to available the $XXX and distribution first was EBITDA cash quarter $XXX Turning for million results, was million. adjusted
$XX the contributions projects, of the $XX contribution of Uri. EBITDA versus asset distribution. existing half EBITDA realized Storm which adjusted the for New of closed and million in year-over-year, increase projects offset The acquisitions of million existing approximately projects Winter absence declined and $XX in which an respectively, XXXX, reflect drove approximately approximately performance and $X was available $XX cash primarily adjusted second million prior in the EBITDA at more that Favorable by contributed benefits during cash last of distribution adjusted for million February's year quarter. comparable the than million million available $XX
were XXXX. the of up quarter available the XX%, positive quarter's respectively, quarter XXXX year's the Cash available XXX% XX% distribution from quarter Storm long-term in first versus first for Uri was XX% for adjusted distribution of first and of impact Wind of Excluding EBITDA and also payments. cash results, Winter was resource for nearly the average impacted of year-over-year. last by the timing this PAYGO
details Additional the shown are accompanying slide. on
ranges for XX, $X.XXX forecasted to December be to continues expect at Partners $XXX to and billion $X.XXX rate its EBITDA respectively. from cash to million, billion adjusted Energy run for NextEra XXXX, distribution contributions the portfolio in million available and $XXX of
we As XXXX year-end expense. which a the at calendar rate from the of XXXX portfolio year and XXXX forecasted treat as reminder, impact contributions operating run IDR include an year-end reflect projections fees,
growth base As fourth operating always, XXXX of distribution a quarter XX% the XX% XXXX. LP normal caveats, reasonable expect on common deliver subject our unit recent annualized distributions rate ability our and solar to these conditions. an to at through being chain range are as expectations in a impact we supply From do expectations. of expectations least $X.XX, per including our to at to per weather usual continue to disruption not year of We our see
in rate distribution We of per of quarter common of in XXXX fourth $X.XX the a is February annualized unit. expect the range to to payable be XXXX that $X.XX
at We you also on to are XX. look Energy for benefiting to continue of in well of achieve payout Partners with our and across more to has to while Energy our June capitalize XX-month New sharing opportunities in NextEra Energy on NextEra on York to the us conference XXXX In terrific available growth our range. We Partners detail our expect growth us maintaining both execution a XX% XX% investor summary, distribution our businesses. forward low-XX% plans growth both the NextEra trailing to and NextEra Energy ratio history strong from that positioned
John taking questions, over call Ketchum. the like Before your to turn I'd to
