Trinity Operating is an independent oil and natural gas company headquartered in Houston with current operations in Louisiana, Oklahoma and Texas. [10] It later went to court in an attempt to cancel the transaction, citing an adverse regulatory ruling on access to the electric transmission network. 1 in the electric and gas utilities industry in Fortune's 2016 list of "World's Most Admired Companies." Important factors that could cause actual results to differ materially from those indicated by any such forward-looking statements include risks and uncertainties relating to: the risk that NEE, EFH or Oncor may be unable to obtain bankruptcy court and governmental and regulatory approvals required for the merger, or required bankruptcy court and governmental and regulatory approvals may delay the merger or result in the imposition of conditions that could cause the parties to abandon the transaction; the risk that a condition to closing of the merger may not be satisfied; the expected timing to consummate the proposed merger; the risk that the businesses will not be integrated successfully; the risk that the cost savings and any other synergies from the transaction may not be fully realized or may take longer to realize than expected; disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; the diversion of management time and attention on merger- related issues; general worldwide economic conditions and related uncertainties; the effect and timing of changes in laws or in governmental regulations (including environmental); fluctuations in trading prices of securities of NEE and in the financial results of NEE, EFH or Oncor or any of their subsidiaries; the timing and extent of changes in interest rates, commodity prices and demand and market prices for electricity; and other factors discussed or referred to in the "Risk Factors" section of Oncor's or NEE's most recent Annual Reports on Form 10-K filed with the Securities and Exchange Commission. Next Era Operating Srvs Relocation Provided: Yes, if applicable Where permitted by applicable law, Next Era Energy requires all employees and new hires to be fully vaccinated for COVID-19 or be willing to receive the COVID-19 vaccination on or before the first day of employment. What We Do. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. Location. Copyright 2023 NextEra Energy, Inc. All rights reserved. Trinity Operating is part of the Energy, Utilities & Waste industry, and located in Texas, United States. The number of shares issuable to such creditors and EFH creditors will be determined based on the estimated cash on hand at EFH at the closing of the transaction, the volume weighted average price of NextEra Energy common stock for a specified number of days leading up to the closing and other factors specified in the definitive agreement. The mailing campaign employed the language of the Democratic candidate and had the accomplice focusing on fixing health care, and fighting climate change, all paid for by new, out-of-state political committees. When you couple that with diversity and . "[52] Prior to his resignation, Artiles fast-tracked pro-utility bills as former chairman of the Florida Senates Communications, Energy and Public Utilities Committee, including a bill that would have permitted NextEra to charge its fracking costs to Florida ratepayers. [5][4] It is the largest electric utility holding company by market capitalization. Sign up to receive press release email alerts. Our Real Zero Blueprint is the most ambitious target set by any U.S. utility or power generator. NextEra Energy commits to no involuntary reductions to Oncor's workforce as a result of the transaction for at least two years after closing. [48] The ploy was for the accomplice named "Rodriguez" to run as a sham candidate and siphon away votes from Democratic candidate: Senator Rodriguez. may be available from PACER. Locations. In 2016, New Hampshire Transmission, a subsidiary of NextEra Energy, was fined $6.8M for illegally charging millions of dollars worth of development costs to New England ratepayers. Requisition ID: 72216 Trinity Operating, LLC is an independent oil and natural gas company engaged in the exploration, development and production of oil and natural gas from onshore properties within the U.S. Headquartered in Houston, Texas, we are a subsidiary of NextEra Energy, the world's largest generator of renewable energy from the wind and sun. NextEra Energy believes its deep operating experience, strong financial profile, traditional utility ownership model and meaningful Texas presence offer uniquely compelling advantages. You can unsubscribe from these emails at any time. NextEra Energy expects the transaction, which has been approved by the boards of directors of both NextEra Energy and EFH, to be completed in the first quarter of 2017. Credit Suisse Securities (USA) LLC and Bank of America Merrill Lynch are serving as lead financial advisors to NextEra Energy. NextEra Energy, which has been recognized as the top electric and gas utility in Fortune's "Most Admired Companies" ranking 9 out of the last 10 years, will employ a traditional utility organizational structure. [8], During the 2016 Republican Party presidential primaries, NextEra Energy donated $1 million to a Super PAC supporting Jeb Bush's presidential candidacy. The transaction is expected to close on Sept. 18, 2020. NextEra Energy, Inc. | Subsidiaries Asset Type. NextEra Energy Resources is a leading wholesale power generator, operating power plants and offering a diverse fuel mix to utilities, retail electricity providers, power cooperatives, municipal electric providers and large industrial companies. NextEra Energy Marketing (NEM) is one of the top marketers of power in the nation. NextEra Energy shares Oncor's strategy of making smart, long-term investments in transmission and distribution to continue to deliver affordable, reliable electric service to its customers. Upon completion of the transaction, together with Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC, Oncor will become a principal business of NextEra Energy. [44] This is a tired tactic that utilities have used to maintain their monopoly grip on electricity markets, said Will Giese, southeast regional director for the Solar Energy Industries Association.[45]. NextEra Energy Resources | Locations Map Nuclear plants produce virtually no air emissions, representing a responsible energy choice as climate change concerns intensify. Get notified about new Field Operations Supervisor jobs in Houston, TX. Charlie Baker, U.S. Energy Secretary Jennifer Granholm, and the states major newspapers. Mark Prohaska, a NextEra Energy employee, jumped into action when he saw a way to help. Analyst and Investor Webcast and Conference Call. Access additional case information on PACER Such forward-looking statements include, but are not limited to, statements about the anticipated benefits of the proposed merger involving NEE and EFH, including future financial or operating results of NEE or Oncor, NEE's, EFH's or Oncor's plans, objectives, expectations or intentions, the expected timing of completion of the transaction, the value, as of the completion of the merger or as of any other date in the future, of any consideration to be received in the merger in the form of stock or any other security, and other statements that are not historical facts. NEE cautions readers that any forward-looking statement is not a guarantee of future performance and that actual results could differ materially from those contained in any forward-looking statement. NextEra Energy sets industry-leading Real Zero goal to eliminate carbon emissions from its operations, leverage low-cost renewables to drive energy affordability for customers. NextEra Energy will host a conference call and webcast to discuss this announcement at 9 a.m. Increase renewable fuel production and reduce emissions. NextEra Energy intends to use a combination of debt, convertible equity units, and proceeds from asset sales to fund cash being provided to creditors. In May 2018, NextEra Energy announced that it planned to buy Gulf Power Company, the largest electricity producer in Northwest Florida, from Southern Company in a $6.4 billion deal, pending approval from regulators. [53] FPL has also donated $20,000 to Perrys political committee, Building a Prosperous Florida, while TECO has donated $2,500. The listen-only webcast will be available on NextEra Energy's website by accessing the following link: NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with consolidated revenues of approximately $17.5 billion and approximately 14,300 employees in 27 states and Canada as of year-end 2015, as well as approximately 45,000 megawatts of generating capacity, which includes megawatts associated with noncontrolling interests related to NextEra Energy Partners, LP (NYSE: NEP) as of April 2016. [24], NextEra Energy and Energy Future Holdings, parent company of Texas-based utility Oncor Electric Delivery, reached a $18.7 billion merger agreement on July 29, 2016, but the agreement was terminated in July 2017 after the Texas Public Utility Commission rejected the offer over disagreement on the control of Oncor's board of directors. [42] As a group they spent $20 million promoting a failed ballot initiative in Florida that would have curbed rooftop solar installations. This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Currency in USD Follow 2W 10W 9M 76.63 +0.78 (+1.03%) At close: 04:00PM EDT 76.52 -0.11 (-0.14%) After hours: 07:53PM EDT 1d 5d 1m 6m YTD 1y. [30], In January 2018, NextEra Energy, along with Entergy, withdrew from the Nuclear Energy Institute (NEI) over disagreements on the trade group's agenda. [40] In November 2021, the voters of Maine approved a ballot initiative to prohibit construction of the $1 billion transmission line project, which had been represented as a choice between clean energy and the protection of pristine woodlands. Gas, was completed on January 1, 2019. In addition, NextEra Energy's other financial advisors include Deutsche Bank Securities, J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities. As part of the transaction, NextEra Energy intends to fund $9.5 billion, primarily for the repayment of EFIH debt. Sam Tisci - Production Engineering.. - Trinity Operating | ZoomInfo His accomplice was promised $50K. But the damage was done and further investment was slow to take off. [31] In February 2018, NextEra Energy filed a lawsuit against NEI, accusing the trade group of "retaliatory action" and "extortion", claiming that NEI revoked its ability to access the Personnel Access Data System (PADS), the nuclear industry personnel database, unless $860,000 was paid. (Enter less keywords for more results. Copyright 2023 NextEra Energy Resources, LLC. [54][55], On 5 January 2009, 30 environmental activists staged a five-day vigil along the Barley Barber Swamp to draw attention to what they claimed were damages being wrought by the power company's 3,705 megawatt Martin County plant. We'll keep you informed about upcoming events and opportunities at NextEra Energy that match your interests. NextEra Energy owns Florida Power & Light Company, which is Americas largest electric utility that sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.8 million customer accounts, or more than 12 million people across Florida. Sign in to create your job alert for Field Operations Supervisor jobs in Houston, TX. [3] As of 2020, approximately 41% of NextEra Energy's generating capacity was from fossil fuels and non-renewables. The definitive agreement is part of an overall plan of reorganization that is designed to allow EFH to emerge from Chapter 11 bankruptcy. NextEra Energy also commits that, for two years after closing, current Oncor employees will be provided no less favorable salaries or wage rates and substantially comparable incentive compensation opportunities and employee benefits. NextEra Energy announces sale of equity units According to him, he would have to lay off much of his workforce. [13] The talks were terminated and the merger transaction was not consummated due to opposition from Iberdrola's board, according to news reports. CF Industries and NextEra Energy Resources announce a memorandum of understanding for a First Quarter 2023 NextEra Energy, Inc. and NextEra Energy Partners, LP Conference Call, Fourth Quarter and Full-Year 2022 NextEra Energy, Inc. and NextEra Energy Partners, LP Conference Call. 2016 Republican Party presidential primaries, United States Court of Appeals for the Eleventh Circuit, "Juno-based FPL Group to become NextEra Energy", "NextEra Energy, Inc. 2021 Annual Report (Form 10-K)", "NextEra Energy, Inc. United States Securities and Exchange Commission Annual Report, Form 10-K (2020)", "World's #1 Renewable Energy Installer, NextEra, Powers on with Renewables Despite Trump", "Million-Dollar Donors in the 2016 Presidential Race", "FPL Acquires Electric-Power Plants To Gain Presence in the Northeast", "FPL Energy closes on Maine power plants", "Spain's Iberdrola Is in Discussions To Acquire Florida Utility Parent", "Effort by Iberdrola to Buy FPL in U.S. [9], In January 1998, FPL Group announced that it would purchase 35 generating plants from Central Maine Power Company for $846 million. PV Solar Field Tech Leader Job Palm Springs California USA,Energy/Power [16], In December 2005, FPL Group announced an $11 billion all-stock acquisition of Maryland-based Constellation Energy Group. Requisition ID: 72216 . The transaction is a straightforward, traditional acquisition by a utility holding company. ET (8 a.m. CT) today. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the worlds largest generator of renewable energy from the wind and sun and a world leader in battery storage. Learn More 2022 ESG Report TOP 20 in the world for innovation, according to Fortune Experience Trinity Operating 5 years 3 months Director of Operations HVL Asset / Drilling / Completions Jan 2023 - Present2 months Director - Drilling and Completions Feb 2020 - Present3. Runs Afoul of Board of Spanish Firm", "FPL, Entergy Blame Each Other As They Call Off $8 Billion Merger", "FPL Energy to acquire Gexa for $80.6 million", "FPL Unveils Acquisition of Constellation Energy In an $11 Billion Deal", "Form 10-K for fiscal year ended December 31, 2006", "FPL Group and Constellation Energy Call Off Billion Dollar Merger", "FPL, Constellation scrap $12.5 billion merger", "Constellation, FPL cancel giant energy merger", "NextEra Buys Hawaii's Biggest Utility in Green Energy Test", "NextEra Ends Merger Deal, Will Pay Hawaiian Electric $95 Million", "Support for Proposed Merger of NextEra Energy and Hawaiian Electric Industries Grows", "Texas Utility Formally Ends $18.7 Billion Merger with NextEra Energy", "#NukeGate: SC Senator in Talks With NextEra Energy", "NextEra Energy Floats $15.9 Billion Proposal to Buy Santee Cooper after Nuclear Fiasco", "FPL Parent Wants to Expand its Florida Footprint with New Purchase", http://www.investor.nexteraenergy.com/corporate-governance/board-of-directors, "New Hampshire Transmission to Refund Ratepayers $6.8 Million", "Two Utilities Withdraw from Leading Nuclear Energy Trade Group", "NextEra Sues NEI, Citing Efforts to 'Distort Electric Energy Markets', "11th Circuit Shuts Down $97M Tax Refund for NextEra", "NextEra Energy Receives Cease and Desist Order After Violating OK Law", "US wind company fined millions after admitting 150 eagle deaths", "Maine voters reject plan to complete transmission line, Avangrid subsidiaries file suit", "Fact-checking the most misleading claims on both sides of the CMP corridor debate", "America's Greenest Energy Giant Isn't Trying to Save the Planet", "Maine voters reject Quebec hydropower transmission line", "Florida's largest electric utility conspired against solar power, documents show", "Revealed: the Florida power company pushing legislation to slow rooftop solar", "Could Florida turn off the sun?
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