and morning, Jessica, you, good Thank everyone.
results NextEra meet Energy successful a its XX.X% businesses. all earnings year-over-year, of first Adjusted per off delivered the to increased strong share solid and our performance for start reflecting is overall quarter by year. objectives across to underlying
During quarter, again Magazine's Energy honored Fortune its #X World's of list were the Most for Companies Admired we time that XXth was NextEra sector the XX ranked years. in in
is best-in-class values shareholders commitment to do build what of employees Our to our core approximately allow XX,XXX we continue and value culture delivering everything by driven excellence sustainable our from for are net benefit a to customers team clean.
FPL income of in and helping energy our continued comparable million while the era $XX year customers. our of by the period, that prior the investment approximately increased which in affordable and business was
quarter, a effective new of megawatts base solar additional which, the on agreement, year. projects in as successfully its settlement that through X-year of cost-effective During FPL of this recovered as part reminder, placed service rates X approximately January became are XXX
benefited on in-service completed is which of all planned with largest time now build and solar dates. the now of As has modernization the the solar reliability XXXX costs, fuel megawatts investments solar, within more have operates a and in its result, improvement over in a FPL X,XXX than owns utility of budget more FPL its portfolio and decade. any in FPL's from than customers billion last country. have $XX since saved XX% XXXX customers
later smart are and as high scheduled including executing for Resiliency well, of North the these major such year. investments Florida capital approximately both Energy and By Center, highly are progressing the this Connection Dania on Beach capital efficient completion X,XXX-megawatt FPL's other Clean reliability investments which customer performance value in customer running earnings favorable year-over-year, deliver low service.
At bills, by Resources, to per driven portfolio. share our continues Energy proposition wind by X% clean FPL and primarily increased the best-in-class nearly outstanding its existing efficiently, energy, business adjusted of
In quarter our the since and renewables quarter terms which X,XXX origination, of to the Energy approximately megawatts origination Included XX,XXX in approximately our wind adding megawatts. quarter bringing the backlog additions had backlog wind net history. of in of to net Resources storage another of last origination, our second-largest strong is new call, approximately this megawatts projects, total X,XXX is
which further renewables Resources' origination from demand this chain, ongoing strength In in moments, at the the the the in in very uncertainty few progress pressures testament Energy team's low-cost solar and midst inflationary discuss success are both FPL a in execution our to we At of of and environment I and continued supply this will a Resources. Energy our for our storage. pleased customers advantages and and competitive year, early point is with
look FPL. detailed Now let's at beginning the with results,
of year-over-year. capital Regulatory quarter XXXX, an was were $X.XX approximately prior FPL's XX.X% $X.X billion growth first reported the $XXX expenditures of driver quarter. comparable FPL's FPL increase $X.XX of the the a employed capital for EPS For of versus per approximately share, significant million year net growth of income or quarter.
full We $X.X capital be investments XXXX FPL at billion to and $X.X between year expect billion. our
XXXX. XX-month predetermined be FPL's we trailing record case, to for the XX.X% entries this regulatory ending XX.X% in amortization that regulatory previously for period, a ROE Under achieve each will reported for our rate mentioned. the ROE XX reserve I purposes approximately March months agreement,
$XXX expected our while early of by XXXX, the While reserve warm in the first the we agreement current XX.X% in efficiencies our us million part resulted execution outstanding and settlement under team during our ROE of a quarter. available to initially targeted combination achieving below of operational ROE weather, using amortization earn targeted
of roughly that solar territory development years, filed presents Ten-Year result XX in projects, build XXXX. X recently solar the from its over to the Turning planning during service includes inclusive our megawatts that quarter FPL Site XXXX Plan recommended in X,XXX coming our annual of nearly build-out our over delivery solar forecasted base Plan generation. X,XXX rate across through solar would energy of the megawatts planned Site and generation FPL's new placed next recommended approximately capacity we plan of to XX% resource first plan service This Ten-Year efforts. nearly which in next megawatts years. The the XXX includes
in total as to of points XXXX, additions and FPL's X-carbon the largely through emissions of generation growth approval In solar is X of expansion addition, size, system in now settlement megawatts SoBRA mechanism amount energy is approximately of X,XXX to X,XXX higher complete the community solar under construct vehicles. our previously approximately megawatts to when a megawatts the increase FPL to and system our the includes the X-carbon over it increase current roughly the produced XX% significant increased in we the that of after next of energy SolarTogether what continued nearly execution electricity XXXX as solar agreement; the subject that Service utility expect we emission for projects Public well over XXXX U.S.
Compared our levels, of that of continues to expansion its through by expected of projected delivered approximately which next expect an Commission. result solar rapid one especially This the considering percentage mentioned. X,XXX Florida years; is XX electric by XX-by-XX in customer additional as decade, adoption of that largest-ever projects recommended be a solar is FPL deliver I to by plan, the plan
Our also green in hydrogen reiterated pilot the program site plans are plan.
a the energy discussed, to powered from will cycle that replacing As entirely an natural previously pilot our hydrogen designed XX-megawatt solar combined fuel be at of approximately we we've concept Clean by system practice The gas to is Okeechobee nearby green as in intend use. build with electrolysis Energy test unit for Center site.
X,XXX total emissions service for use as-filed of megawatts Plan source be storage extreme of our approximately a approximately across highly is megawatts hydrogen to storage Site by the total deployment is reliability the future. This enhance guide units, incremental fleet X,XXX FPL's in of readiness in pilot in from XXXX. of for potential is battery during thus Included fleet customers new way late weather efficient lowering capacity project combined go to and -- future expected our this FPL's battery XXXX.
Notably, into recommends Ten-Year fuel events. as The to eliminating project pilot or cycle projected of expected to a carbon
every to plan ensure taking opportunity temperature conditions winter also directly industry, to designed for learn capital efforts is reliability other deliver continue additional culture hallmark while to smart possible extreme investments in winterization the make we our customers. support of benefits value during not FPL, happen best events We those that also just day-to-day our customers.
A to to our customer providing load affect increased potential to that from for
Uri storm result a assessment much investments South. Texas following of were detailed for winter affected last fleet winterization as Our of planned year targeted the of and our our that identified
to Florida comparable X.X% on weather-normalized detail estimate remains XX% increased of healthy, contributing a programs the quarter We year-over-year.
FPL's Florida's more this one attributed additional private customers initiatives continues new strong be continued force growth of the healthy period, data comparable customer or rate will the than up last Florida's investor added first FPL's of at And moving customer. and state of with in the with at market versus favorably. Florida's weather-related retail prior nearly the capital driven real show growth. economic for first jobs increase quarter XX,XXX by our continued the than new X.X% solid continued U.S. conference.
The prior rates these across approximately year Florida's sales economy year can participation per by other retail grow quarter Other X% usage strength population increased underlying X-month the sales to XXX,XXX that fastest X.X% On average provide from nearly to X.X% sector housing job basis, permits market average over increased number more results continues we include the population up and with and labor year. is year-over-year. estate positive June
for a reported per first comparable quarter billion Adjusted the quarter million year $XXX $X.XX or period. Energy first $X.XX approximately GAAP share. per $X.X or loss the were versus prior up earnings Resources XXXX $X.XX share, of
earnings The on is of which the mark-to-market primary and driver the between adjusted adjusted hedges, difference earnings, the excluded from results. Resources' effect nonqualifying quarter of Energy GAAP first was
from investments this adjusted impacted assets excluded absence wind Valley As our to resource while write-off also we our and year-over-year, were results existing have which and quarter's flat GAAP from the per remaining generation $X.XX impacts. in investment were storm earnings. added a due Mountain new winter the share of roughly Uri Contributions Pipeline, favorable by storage reminder, of
of quarter customer from by share winter share, infrastructure business gas year-over-year. other year results the favorable supply following and The All and last from per our decreased NextEra versus trading impacts by $X.XX contribution business Transmission by Energy performance were increased roughly share in contribution decreased first The results $X.XX Uri. our during per storm per XXXX. flat comparative $X.XX
is advantages net I Resources continue projects ongoing origination, of to ability earlier, our added renewables. our last market to mentioned commercial deliver meet our for clean had Energy X,XXX strong the approximately energy XXXX, we to XXXX another of solutions the operation dates for Since reflective As of to and backlog. demand leveraging which call, wind competitive quarter megawatts XXXX
and needed Our projects XXX more XXXX X.X solar megawatts end of backlog ranges. of remaining before additions of also projects. than With storage more of have XXXX than the include to we development realize years midpoint approximately XXXX, expectations now megawatts battery our signed the XXX the of megawatts to XX% approximately
Antidumping of Commerce imports and and years solar into which all solar Department panel the a from Asian initiated of XX% Earlier of X the Countervailing countries, Duties Southeast supplied U.S. United on cells sourced circumvention recent review in over this panels claim States. month,
disappointed the are conduct to decision Department's As we we by recently this Commerce investigation. highlighted,
over sophisticated this with that We relied solar in believe Countervailing capital-intensive imports. issue it converting already occurs The Duties in manufacturing of most solar applicable this process. not industry continued part And the invest subject concluded later have settled as to XXXX XXXX period. to upon of into of China, cell the Department's and rulings solar and XXXX in electricity-producing XXXX are Antidumping XXXX, solar-generating and this is solar Commerce Department solar the in cells consistent technologically outside that new cells facilities panel wafers the States of been Commerce the billions when the by process Chinese to United the and dollars the it when are
on processing current these that the of the on Department conclude circumvention the the for Commerce the difficult reliance prior Southeast standards including for believe light across Commerce its that additional it about Southeast believe past a sophisticated substantial likely unwinding and were would create them unknown uncertainty tariffs administration would the significant we X by consistent year tariffs the in X the actually determined occurring.
If be decade a to will would industry price the trade are We administrations, is current panels after importation. to the countries Department circumvention in the XXXX under decision remain not the be investigation, Asian just tariff of In circumvention find of such to we year. countries, it of last practice XXXX final technologically X rulings, as occurs until Asian believe X from close amounts years as
of more the This solar applicable from price on even sold capacity capable panel demand XX% because the first again based to place. U.S. result uncertainty of of China at and part, China imports most U.S. the unintended XX% panels consequence being tariffs for XXXX of solar certain supply in are, panel assemblers sourced panel years of the solar will likely XX in through only out full from solar duty to are serving once are assessed U.S. the significantly history.
the imported It United Commerce be that efforts prices. should and circumvention Southeast time large primarily the in uncertainty oil investigation investigate to on storage ways all behind electricity they inflationary or few leaving decision nearly the also rely the from Department's from support pressures as to gas, solar the solar dramatically, the panel have on in occurring all to assemblers and increased as the panels a domestic States. at U.S. their of when of alleviate Asia prices the not of one also do And noted produce claim natural the cells coal is
Asian Commerce For will these on the panels that and and not conclude Southeast reasons, from the sourced optimistic favorably, additional will ultimately among impose others, we are Countervailing Antidumping Department these investigation and to cells be resolved countries. Duties
industry in issues. We well the company is positioned NextEra believe manage to as Energy that as these any
ship the of our However, delay. this given that and to late makes continue panels by adversely U.S. determination are preliminary suppliers projects number impacted the a of some until may expected Department as not we August, expect a to as Commerce solar be to storage
and comfortable supplier XX XXXX relationships wind, roughly our with currently from period which development one storage, competitive may to and business the the delay, and to the current closely are solar a expected today, from over investigation to acceptable XXXX multiple XXXX.
We is natural energy contracts, X-year impacts for of we of to XX our the XXXX this with solar suppliers approximately are we customers potential on through ability we about believe XXXX. advantages, run at includes know the remain are assess that X.X and against We mitigation build Energy working expectations arrive optimistic of what hedge and our industry that measures.
Based a disruptions, provides including gigawatts renewable Resources strength end diversified technologies like our storage the and experiencing. build to to X.X our Despite shift temporary of at given our our gigawatts
In will to advantages accompanying has part in chain, we renewable terrific solar we slide shift in wind. likely Energy details. from supply temporarily light believe fact, additional demand wind solar believe of And Resources the in uncertainty The development. the competitive provides in
Bay, The Finally, of quarter, the come. Project. from NextEra Wawa constraints, years much-needed in Ontario access for during with completed transmission expected the energy to to support East-West Line Transmission, regional Thunder economic increasing line is the new Transmission partners, growth transmission Tie XXX-kilovolt long-standing to region runs Energy to construction address the to XXX-kilometer, its thereby along and
results Turning for Energy. consolidated now NextEra to the
$XXX Energy per million GAAP net the attributable share. $X.XX or For to XXXX, first NextEra were loss of quarter
$X.XX EPS the Adjusted were approximately quarter NextEra per respectively. $X.XX from and and flat billion earnings share, first adjusted Energy's were and roughly Corporate segment earnings Other year-over-year. adjusted XXXX
Our earlier long-term remain year financial expectations, XXXX, this extended which through we increased and unchanged.
adjusted expects in For Energy of XXXX, to NextEra share be $X.XX $X.XX. a per to earnings range
per XXXX share through XXXX roughly grow adjusted For X% Energy earnings NextEra the XXXX, expected off X% expects to range. to
NextEra of we top earnings at ratings. our XXXX, XXXX. credit we financial through near strong sheet balance disappointed position its And time each or to Energy same and to adjusted a will strong XXXX XXXX end our if XXXX, be are is and ranges able in at the while maintaining results expectations expectations of not meet financial in deliver the
part Accelerate, a Momentum we Velocity of productivity. the end, company-wide Project Accelerate average rate big cost we projections just built that To launched $X.X are success we savings were in culture more on of focus Project than our are continuous that Energy's ago. NextEra reimagine annual wrapping A XX Velocity. and XXXX in The is Project call our projected up to employee-generated initiative through and and Project Momentum Project upon billion versus implemented Project which improvement currently to ideas productivity everything XXXX, and which years run deliver do, respectively.
result is team's to and generated of productivity additional in another continued fact, year representing years, next cost leverage programs. culture the on Project history largest technology. and the this Velocity In the focus few the and ideas identified to of This expected million efficiencies our reach in willingness example of our savings $XXX alone these strength O&M run in highlights are innovation the our in rate embrace team and roughly
EPS From will and growth compound or growth our operating average flow XXXX range. expect annual also annual be to to rate cash above we continue that at our XXXX, adjusted
We XX% dividends base. at our per XXXX roughly to through also continue XXXX grow a expect share year per least to at off
As assume operating normal always, conditions. expectations and our weather
and renewables or from Yesterday, more the than basis, with approximately megawatts Resources to on delivered in growth storage it EBITDA investment-grade more fully NextEra turn a approximately net increase, excellent now storage has $X.XXXX Partners building Energy distribution is added that has driven by Partners' The solid since of diversify unit Inclusive of XX%, years. a agreement grown by per existing $X.XX an results to this distributions primarily the upon an in declared year battery up from common counterparty which NEP per per contributions California of XX% the announcing the addition LP an me XXXX. XX% of further earlier. adjusted Partners, Energy with X,XXX Let an of with entered another during project Partners' Energy approximately unit first contracted XX year-over-year than Board is in common its unit Energy Partners quarterly NextEra acquisition complement annualized and facility storage Energy X-hour battery NextEra IPO.
Further that to that is for NextEra existing XXX% operations. portfolio Energy an XXX-megawatt, approximately interest today with NextEra will strength, into an quarter acquire
Partners Energy $XXX project NextEra with adjustments, interest be acquire million, closing expects to debt to existing expected approximately the funded is subject capacity. to for which
share closing. and to approximately basis million each average $XX asset's $XX $XX of Partners' estimated to be Energy million beginning million approximately acquisition tax equity adjusted of at is The on annual rate $XX of the to cash $XX X-year run of NextEra distribution EBITDA for the is available financing time approximately million, to a expected contribute XX, million XXXX. December
transaction Energy projected growth for expected reaching cash XXXX. the distribution commercial its to supports later Partners' NextEra close adjusted EBITDA The and date in this and project year upon is operation available
represents Partners. recently consideration energy party. million an and The enhances a of existing total transaction Partners a Energy a NextEra the multiple attractive sale and closed portfolio pipeline Energy for to on EBITDA approximately its an $XXX renewable profile accretive to price pipeline sell approximately of XXX-mile of third the NextEra further gas from Finally,
to support assets, renewable the the storage long-term that Resources growth I We expectation. Energy and with Energy NextEra energy mentioned, are redeploying transaction just forward Partners' to proceeds from battery look accretive distribution like into acquisition this pleased
the results. to Turning detailed
quarter was and available NextEra Energy first for cash EBITDA distribution $XXX million. Partners' adjusted was $XXX million,
which projects, half of and asset primarily adjusted distribution. the XXXX, New closed $XX million for cash in of the million $XX reflect contributed of acquisitions that second available approximately EBITDA
$XX from the in prior $X the drove declined realized available projects versus Favorable an and million of distribution EBITDA benefits comparable February's contributions million, absence was projects cash increase adjusted of performance at respectively, approximately which $XX winter offset last for quarter. by existing in contribution EBITDA approximately more year-over-year, million $XX million year existing Uri. the and during adjusted storm than The
by for adjusted year's the first PAYGO of XX%, impact distribution the Uri positive impacted up the of Cash the resource quarter quarter's of year-over-year. Excluding payment. distribution also respectively, for timing were cash winter from XXXX. results, in quarter storm was of quarter XXX% available EBITDA Wind average and long-term first available for of last the nearly XX% and was this XXXX versus first XX%
slide. the are details accompanying on Additional shown
ranges million Partners adjusted portfolio Energy forecasted for continues billion to rate to in XXXX, at expect billion its million, to XX, EBITDA and distribution $X.XXX NextEra available be the to for contributions and run cash $X.XXX December $XXX from $XXX of respectively.
XXXX calendar impact year-end reminder, year-end an which fees, reflect the from XXXX rate portfolio operating contributions a IDR forecasted of at the projections XXXX run and as year As expense. include treat we
subject LP distribution on disruption growth these our We supply As per XXXX. year being rate usual range always, ability an at normal XXXX base quarter are of solar XX% of a our to expectations. do XX% fourth expectations distributions of impact the at including to our caveats, to deliver continue $X.XX, unit annualized as through recent least see expect we operating chain reasonable a not to weather common our to per expectations conditions.
From and in
of $X.XX unit. We expect of XXXX the in to range XXXX per distribution in payable common is to be quarter the that $X.XX annualized fourth of February rate a
opportunities look and for Partners the our on our businesses. with more us Energy us to across forward our Partners to and NextEra ratio expect New trailing continue NextEra Energy that of of in to NextEra our while low-XX% in strong a conference growth both distribution investor Energy growth We detail also We the Energy XX% payout has XX. sharing are NextEra to from summary, well on XX% June range.
In to positioned at maintaining plans on terrific available our achieve benefiting capitalize growth XXXX you history York to execution XX-month both
questions, John I'd Ketchum. call to to Before like the turn over your taking
