Clean energy company, NextEra Energy Inc. (NEE), formally known as FPL Group Inc., officially changed the ticker symbol for its common stock listed on the New York Stock Exchange (NYSE) from “FPL” to “NEE” and started trading under the new ticker on June 23, 2010.
 
Also effective June 23, the ticker symbol for FPL Group Capital Inc.’s Series F Junior Subordinated Debentures due 2069 changed from “FPL.PRF” to “NEE.PRF,” and the ticker symbol for FPL Group Capital Trust I’s 5-7/8% Preferred Trust Securities changed from “FPL.PRC” to “NEE.PRC.”
 
The company’s board approved the proposal to change the ticker symbol for NextEra Energy’s NYSE listed stocks on June 11, 2010.
 
Effective May 21, 2010, FPL Group Inc. adopted its new corporate name NextEra Energy Inc. The company’s principal subsidiaries continue to retain their current names, NextEra Energy Resources LLC, and Florida Power & Light Company. Through its two subsidiaries, NextEra Energy Inc. operates the nation’s third largest nuclear power generation fleet and is the nation’s No. 1 producer of renewable energy from wind and sun.
 
Over the past decade, the company has achieved impressive growth by successfully executing its clean energy strategy. The company has more than doubled its total generating capacity from about 19,500 megawatts to nearly 43,000 megawatts, including more than 10,000 megawatts of clean, emissions-free generation from wind, solar and nuclear sources.
 
Going forward, we see immense growth opportunities at both the company’s subsidiaries. At NextEra Energy Resources we see outstanding prospects in wind energy, an attractive solar development pipeline, a growing transmission business, new opportunities in natural gas infrastructure and the potential for in-line growth of the commodities and retail business.
 
Florida Power & Light is building a third combined-cycle unit at the West County Energy Center and is proposing significant investments in nuclear plant uprates, the Riviera Beach and Cape Canaveral natural gas plant modernizations, Energy Smart Florida, and additional solar projects.
 
The company expects to grow adjusted earnings per share by an average of 5% to 7% per year over the next five years (2010-2014) based on 2009 results.
Read the full analyst report on “NEE”
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