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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| NextEra Energy Inc | NYSE:NEE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.29 | 1.87% | 70.14 | 70.28 | 69.31 | 69.89 | 12,687,506 | 00:57:12 |
From May 2019 to May 2024
By Maria Armental
Florida Power & Light Co., a unit of NextEra Energy Inc. and the state's largest investor-owned utility, intends to use federal tax benefits to cover expenses tied to Hurricane Irma.
Earlier, the company had said it would seek to recoup an estimated $1.3 billion in Hurricane Irma-related restoration costs through a surcharge on customer bills through 2020.
Because of the federal tax benefits, the company said Tuesday it wouldn't need to raise rates this year to pay for the restoration work. Tax benefits in future years, the company said, may allow it to continue operating under the current base-rate agreement, potentially through the end of 2022.
NextEra is slated to report fourth-quarter results on Jan. 26.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
January 16, 2018 17:21 ET (22:21 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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