February 24, 2025

NextEra Energy

NextEra Takes Texas to Court over ROFR Law
NextEra Energy filed a federal lawsuit challenging a recent Texas law giving incumbent utilities a ROFR to build transmission projects in the state.
Texas ROFR Law Clouds Hartburg-Sabine Future
The future of MISO’s second competitively bid transmission project could be in jeopardy after passage of a Texas law that grants incumbent utilities a ROFR.
SPP Tx Planners at Forefront of New Challenges
Attendees of SPP's Engineering Planning Summit discussed how to plan transmission to account for the RTO's overabundance of renewable resources.
FERC Denies PGE Rehearing over Contracts Dispute
FERC rejected PG&E’s request to rehear its ruling that it shares authority with a federal bankruptcy judge over any PPAs the utility might seek to modify.
UPDATE: Texas ROFR Legislation Pits Incumbents, Transcos
Fast-moving Texas legislation that would give incumbent utilities the right of first refusal to build transmission projects is on the brink of passage.
NextEra’s Adjusted Earnings Beat Expectations
NextEra Energy said it expects to continue increasing adjusted earnings near the top end of a previously disclosed 6-8% growth rate for the year.
FERC OKs Trans Bay Cable Sale to NextEra
Despite protests from a number of cities, FERC approved the sale of the Trans Bay Cable, a 400-MW line that runs under San Francisco Bay, to NextEra.
NextEra Gains Incentive for Hartburg-Sabine Project
FERC authorized NextEra Energy Transmission Midwest to recover all “prudently incurred” costs related to the Hartburg-Sabine Junction 500-kV project.
FERC Claims Authority over PG&E Contracts in Bankruptcy
FERC said it shares authority with the federal court over any power purchase agreements Pacific Gas and Electric seeks to modify as part of its bankruptcy.
NextEra’s Earnings Disappoint Despite Increase
NextEra Energy’s quarterly and year-end earnings surpassed those of 2017 but came up short of analysts’ quarterly expectations.

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