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Duff & Phelps Utility and Infrastructure
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NextEra Energy's Florida Power & Light Unit Says Florida Regulator Approved Rate Agreement

NextEra Energy's Florida Power & Light Unit Says Florida Regulator Approved Rate Agreement

marketscreener·
US
NEE
+0.77%
marketscreener·
US
NEE
+0.77%

Florida Regulators Approve Four-Year Rate Plan for NextEra Energy's FPL

Florida Public Service Commission has approved a four-year rate plan for NextEra Energy's FPL, effective from January 1, 2026. The plan, developed with customer groups, allows FPL to invest in grid infrastructure while keeping customer bills below the national average. A typical 1,000-kWh residential bill will increase by $2.50 per month in most of Florida, with rates in Northwest Florida remaining stable.

Reuters·
US
NEE
+0.77%
Reuters·
US
NEE
+0.77%

BUZZ-Utility PPL shares down again following $1 bln exchangeable notes sale

Shares of PPL Corp fell 0.5% to $35.36 after the company secured a $1 billion capital raise through a private offering of 3% 5-year exchangeable notes. The initial conversion price is $42.66, a 20% premium to the last close. PPL shares had previously fallen 2.6% after the announcement. The company plans to use the funds to repay short-term debt and for general corporate purposes.

Reuters·
US
PPL
-0.15%
Reuters·
US
PPL
-0.15%

Wealthspire Advisors LLC Sells 3,075 Shares of NextEra Energy, Inc. $NEE

Wealthspire Advisors LLC reduced its stake in NextEra Energy, Inc. by 8.9% during Q2, selling 3,075 shares. The firm's holdings are now valued at $2,173,000. Several other hedge funds also adjusted their positions in NextEra Energy. Analysts have given the stock a consensus rating of 'Moderate Buy' with a price target of $90.53. NextEra Energy reported Q3 earnings of $1.13 per share, beating estimates, and announced a quarterly dividend of $0.5665 per share.

Market Beat·
US
NEE
+0.77%
Market Beat·
US
NEE
+0.77%

PPL Capital Funding Prices $1 Billion of 3% Exchangeable Senior Notes

PPL Capital Funding, a subsidiary of PPL Corporation, has priced $1 billion of 3% Exchangeable Senior Notes due 2030 in a private placement. This announcement was made via EDGAR by PPL Corporation and is for informational purposes only, not financial advice.

Reuters·
US
PPL
-0.15%
Reuters·
US
PPL
-0.15%