NextEra Energy

Smart Energy Market size to increase by USD 7.26 billion from 2023 to 2028, ABB Ltd., Cisco Systems Inc., Delta Electronics Inc., and more among key companies - Technavio

Retrieved on: 
Friday, January 5, 2024
SAP, Mitsubishi Electric, Honeywell, Geography, Delta Electronics, Recycling, ABB, Xylem Inc., Enphase Energy, City, Solar energy, Schneider Electric, Rockwell Automation, Cisco, IBM, NextEra Energy, Kontron, USD, HEMS, Free, Growth

NEW YORK, Jan. 5, 2024 /PRNewswire/ -- The smart energy market size is expected to grow by USD 7.26 billion from 2023 to 2028.

Key Points: 
  • NEW YORK, Jan. 5, 2024 /PRNewswire/ -- The smart energy market size is expected to grow by USD 7.26 billion from 2023 to 2028.
  • In addition, the growth momentum of the market will progress at a CAGR of 19.1% during the forecast period, according to Technavio.
  • The rising adoption of smart grid technologies is notably driving the smart energy market.
  • However, factors such as intermittency in solar energy may impede market growth.

NextEra Energy Partners, LP completes sale of Texas natural gas pipeline portfolio

Retrieved on: 
Thursday, December 28, 2023
NextEra Energy Resources, Risk, Government, Health, KMI, Hart–Scott–Rodino Antitrust Improvements Act, News, Personal injury, Nature, Annual report, Multimedia, Projection, NEP, Foreign Sovereign Immunities Act, NextEra Energy Partners, Epidemic, Pandemic, STX, Professional, Insurance, NEE, Weather, Affect, G&A, Natural gas, NextEra Energy, Environment, Failure, Form 10-K, Partnership, PPA, Partner, Sale, Wind, Acquisition, Public expenditure, IDR, Pressure, Financial services

JUNO BEACH, Fla., Dec. 28, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced it has closed on its previously disclosed agreement with Kinder Morgan, Inc. (NYSE: KMI) to sell its Texas natural gas pipeline portfolio for $1.815 billion.

Key Points: 
  • JUNO BEACH, Fla., Dec. 28, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced it has closed on its previously disclosed agreement with Kinder Morgan, Inc. (NYSE: KMI) to sell its Texas natural gas pipeline portfolio for $1.815 billion.
  • "With the Texas natural gas pipeline portfolio sale complete, the partnership has sufficient proceeds available to address the equity buyouts of the STX Midstream and NEP Renewables II convertible equity portfolio financings."
  • The Texas natural gas pipeline portfolio is primarily comprised of seven pipelines, which provide natural gas to Mexico and power producers and municipalities in South Texas.
  • The total 2023 calendar-year adjusted EBITDA for the Texas natural gas pipeline portfolio is expected to be approximately $180 million, with roughly 70% associated with the transmission portion of the portfolio and the remaining 30% associated with the midstream pipelines.

Kinder Morgan Closes on the $1.815 Billion Acquisition of NextEra Energy Partners’ South Texas Assets

Retrieved on: 
Thursday, December 28, 2023
Energy, Other Energy, Oil, Gas, Eagle Ford, Dallas, Hand, Acquisition, KMI, HEP, Debt, Adjustment, Kinder Morgan, PEMEX, GAAP, NextEra Energy

Kinder Morgan, Inc. (NYSE: KMI) today closed on its previously announced $1.815 billion acquisition of NextEra Energy Partners’ South Texas assets (STX Midstream), which includes a set of integrated, large diameter high pressure natural gas pipeline systems that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets.

Key Points: 
  • Kinder Morgan, Inc. (NYSE: KMI) today closed on its previously announced $1.815 billion acquisition of NextEra Energy Partners’ South Texas assets (STX Midstream), which includes a set of integrated, large diameter high pressure natural gas pipeline systems that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets.
  • Dos Caminos recently placed in service a 62-mile pipeline connecting HEP’s existing midstream pipeline and facilities in Webb County, Texas to KMI’s new Eagle Ford pipeline, which was placed in service on November 1, 2023.
  • This portfolio of assets is highly contracted, with an average contract length of over 8 years.
  • Expected acquisition EBITDA multiples, Net Debt and Adjusted EBITDA are non-GAAP measures.

Howard Energy Partners Announces Completion of $800 Million in Growth Projects and Record Volumes in 2023

Retrieved on: 
Wednesday, December 13, 2023
Oil, Gas, Energy, Diamond, Classification, NextEra Energy, Safety, HEP, Delaware Basin, Texas Gulf Coast, Natural gas, Panamax, Eagle Ford, Dallas, Growth, Catalysis, Rail transport by country, Accident, ESG, LNG, Spear

The expansion projects and associated ongoing 24/7 operations were completed while achieving a perfect safety record to date in 2023.

Key Points: 
  • The expansion projects and associated ongoing 24/7 operations were completed while achieving a perfect safety record to date in 2023.
  • “This has been a milestone year for Howard Energy Partners.
  • We are extremely pleased to have successfully completed several strategic growth projects that substantially increase our ability to help customers move their products to market,” said Mike Howard, HEP Chairman and CEO.
  • “While deploying $800 million of expansion projects is an integral part of our strategic growth plan, prioritizing safety and operational excellence is equally important,” said Howard.

Primerica Board of Directors Elects Former GE Executive Darryl Wilson as Newest Board Member

Retrieved on: 
Wednesday, December 6, 2023
Personal Finance, Finance, Banking, Professional Services, Insurance, Houston Branch, GE Power, PRI, NextEra Energy, NYSE, Chairperson, Multimedia, Eaton Corporation, Business administration, Retirement, General Electric, Baldwin Wallace University, Thought, Management, Indiana University

Primerica, Inc. (NYSE:PRI) today announced the election of Darryl L. Wilson to fill the vacancy in the Company’s Board of Directors.

Key Points: 
  • Primerica, Inc. (NYSE:PRI) today announced the election of Darryl L. Wilson to fill the vacancy in the Company’s Board of Directors.
  • View the full release here: https://www.businesswire.com/news/home/20231206603467/en/
    Primerica Board of Directors Elects Former GE Executive Darryl L. Wilson as Newest Board Member (Photo: Business Wire)
    Mr. Wilson is the founder, chairman and president of The Wilson Collective, a business advisory and investment firm investing in startup companies and providing resources and advisory services to a broad base of global clients.
  • He served in several other roles, including vice president & chief commercial officer of GE Energy Connections, vice president & chief commercial officer of GE Distributed Power and vice president & chief executive officer of GE Aero-derivative Products.
  • Mr. Wilson also serves on the boards of directors of NextEra Energy and Eaton Corporation and formerly served as Board Chair of the Houston Branch of the Dallas Federal Reserve Bank.

Kinder Morgan Announces 2024 Financial Expectations

Retrieved on: 
Monday, December 4, 2023
Energy, Other Energy, Oil, Gas, EBITDA, WTI, Kinder Morgan, NextEra Energy, Acquisition, NYSE, DCF, Pipeline, Henry Hub, CO2, Natural gas, Adjustment, British thermal unit, KMI, West Texas Intermediate, Growth, Hart–Scott–Rodino Antitrust Improvements Act, Fine chemical, Beauty salon

Kinder Morgan, Inc. (NYSE: KMI) today announced its preliminary 2024 financial projections.

Key Points: 
  • Kinder Morgan, Inc. (NYSE: KMI) today announced its preliminary 2024 financial projections.
  • “We are projecting an annualized dividend of $1.15 in 2024, constituting the 7th year in a row in which we have increased our dividend.
  • For descriptions of these non-GAAP financial measures and reconciliations to the most comparable measures prepared in accordance with generally accepted accounting principles, please see “Non-GAAP Financial Measures” below.
  • Kinder Morgan remains committed to transparency and will continue to publish its budget on the company’s website as presented at the investor day conference.

TS Conductor Wins Rising Star Company at S&P Global Commodity Insights' 25th Annual Platts Global Energy Awards

Retrieved on: 
Monday, December 18, 2023
Television, Tennessee Valley Authority, NextEra Energy, TS, S&P Global Commodity Insights, History, CNBC, Basin Electric Power Cooperative, Breakthrough Energy, MDU, Electricity, TVA, SRP, Electric power, Award

HUNTINGTON BEACH, Calif., Dec. 18, 2023 /PRNewswire-PRWeb/ -- TS Conductor, a pioneer in high-performance transmission and distribution conductors for electricity grids, received the Rising Star Company award at the 25th Annual Platts Global Energy Awards.

Key Points: 
  • HUNTINGTON BEACH, Calif., Dec. 18, 2023 /PRNewswire-PRWeb/ -- TS Conductor, a pioneer in high-performance transmission and distribution conductors for electricity grids, received the Rising Star Company award at the 25th Annual Platts Global Energy Awards.
  • An independent panel of judges chose the winners of the 2023 Platts Global Energy Awards from finalists selected from nominations that represented 33 different countries.
  • TS is backed by investors such as Breakthrough Energy Ventures, National Grid Partners, NextEra Energy, and others.
  • For details on all of the winners of this year's Platts Global Energy Awards, access the December issue of the S&P Global Commodity Insights Magazine or visit the Platts Global Energy Awards website .

GoodLeap Hires Daniel Lotano as Chief Strategy Officer to Help Accelerate GoodLeap's Growth

Retrieved on: 
Wednesday, December 13, 2023
GoodLeap, Growth, NextEra Energy, NYSE, NEP, SAN, Innovation system, NextEra Energy Partners, Renewable energy

SAN FRANCISCO, Dec. 13, 2023 /PRNewswire/ -- GoodLeap, LLC, America's leading digital marketplace for sustainable solutions, today announced it has hired Daniel Lotano to serve as Chief Strategy Officer. He joins from EverBright, a clean energy marketplace for the residential sector across the U.S., where he served as the company's President. Lotano brings more than 20 years of expertise in building and scaling financing and technology-driven solutions for the clean energy sector and will play a critical role in GoodLeap's next chapter of growth.

Key Points: 
  • SAN FRANCISCO, Dec. 13, 2023 /PRNewswire/ -- GoodLeap, LLC, America's leading digital marketplace for sustainable solutions, today announced it has hired Daniel Lotano to serve as Chief Strategy Officer.
  • He joins from EverBright, a clean energy marketplace for the residential sector across the U.S., where he served as the company's President.
  • He's joining GoodLeap at a pivotal time to help accelerate our momentum and develop new areas of technology".
  • I am excited to be building solutions to accelerate the adoption of sustainable solutions with GoodLeap."

NEXTERA ALERT: Bragar Eagel & Squire, P.C. is Investigating NextEra Energy, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Thursday, November 9, 2023
Class Action Lawsuit, Professional Services, Legal, P.C, NextEra Energy, Telephone, Complaint, Jeanne Eagels, FPL, NYSE, Risk

Our investigation concerns whether the board of directors of NextEra have breached their fiduciary duties to the company.

Key Points: 
  • Our investigation concerns whether the board of directors of NextEra have breached their fiduciary duties to the company.
  • According to the Complaint, the Company made false and misleading statements to the market.
  • The Company denied this misconduct despite the fact that the actions of its subsidiary put it at risk of legal and reputational damage.
  • Based on these facts, the Company's public statements were false and materially misleading throughout the class period.

Kinder Morgan to Purchase NextEra Energy Partner’s STX Midstream

Retrieved on: 
Monday, November 6, 2023
Energy, Other Energy, Oil, Gas, Kinder Morgan, HEP, NYSE, Morgan, Dampier to Bunbury Natural Gas Pipeline, PEMEX, NextEra Energy, EBITDA, Eagle Ford, Dallas, Acquisition, Natural Gas Pipeline Company of America, Hand, KMI, Hart–Scott–Rodino Antitrust Improvements Act, LDC, Petroleum, LNG

Kinder Morgan, Inc. (NYSE: KMI) today announced that it has agreed to acquire NextEra Energy Partner’s South Texas assets, STX Midstream, for $1.815 billion.

Key Points: 
  • Kinder Morgan, Inc. (NYSE: KMI) today announced that it has agreed to acquire NextEra Energy Partner’s South Texas assets, STX Midstream, for $1.815 billion.
  • STX Midstream includes a 90% interest in the NET Mexico pipeline; MGI Enterprises, a PEMEX affiliate, owns the other 10%.
  • STX Midstream owns and operates Eagle Ford Midstream, a 158-mile residue line connecting the Eagle Ford basin to the Agua Dulce Hub in Nueces County, Texas.
  • Eagle Ford Midstream is connected to multiple pipeline systems, including KMI’s Tennessee Gas Pipeline, Kinder Morgan Tejas Pipeline and Natural Gas Pipeline Company of America.