UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of earliest event reported: February 17, 2022
Commission File Number | Exact name of registrant as specified in its charter, address of principal executive offices and registrant's telephone number | IRS Employer Identification Number | ||||||||||||
1-8841 | NEXTERA ENERGY, INC. | 59-2449419 |
700 Universe Boulevard
Juno Beach, Florida 33408
(561) 694-4000
State or other jurisdiction of incorporation or organization: Florida
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Common Stock, $0.01 Par Value | NEE | New York Stock Exchange | ||||||||||||
4.872% Corporate Units | NEE.PRO | New York Stock Exchange | ||||||||||||
5.279% Corporate Units | NEE.PRP | New York Stock Exchange | ||||||||||||
6.219% Corporate Units | NEE.PRQ | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
SECTION 7 - REGULATION FD
Item 7.01 Regulation FD Disclosure
As disclosed in NextEra Energy, Inc.'s (NEE) Form 10-K for the year ended December 31, 2021, the following is a discussion of recent events with regard to NextEra Energy Resources, LLC's (NextEra Energy Resources), a wholly owned subsidiary of NEE, equity method investment in Mountain Valley Pipeline, LLC (Mountain Valley Pipeline).
On February 2, 2022, the U.S. Court of Appeals for the Fourth Circuit (the 4th Circuit) vacated and remanded Mountain Valley Pipeline’s Biological Opinion issued by the U.S. Fish and Wildlife Service and on January 25, 2022 the 4th Circuit vacated and remanded Mountain Valley Pipeline's U.S. Forest Service right-of-way grant. While NextEra Energy Resources continues to evaluate options and next steps with its joint venture partners, these events caused NextEra Energy Resources to re-evaluate its investment in Mountain Valley Pipeline, which evaluation coincided with the preparation of NEE's December 31, 2021 financial statements. Based on an updated fair value analysis required for accounting purposes, NextEra Energy Resources recorded an impairment charge in the first quarter of 2022 of approximately $0.8 billion ($0.6 billion after tax), primarily to completely write off NextEra Energy Resources’ equity method investment carrying amount. NEE's adjusted earnings for 2022 will exclude the effect of this impairment charge.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: February 17, 2022
NEXTERA ENERGY, INC.
(Registrant)
JAMES M. MAY | ||
James M. May Vice President, Controller and Chief Accounting Officer |