$NEE announced it has entered into a definitive agreement to sell FiberNet and its subsidiaries to $CCI for $1.5Bil in cash. The transaction is expected to be accretive to $NEE earnings immediately upon closing. UBS Investment Bank is serving as financial advisor to $NEE and Hogan Lovells is serving as legal counsel.

Thanks to the tax law for reducing customer bills of FPL, a unit of $NEE, which will use the tax savings to pay the $1.3Bil Hurricane Irma restoration costs. NextEra Energy's profit more than doubled in 4Q17 to $2.155Bil or $4.55 per share on a GAAP basis. Adjusted EPS, which excludes $1.925Bil of gain from deferred liabilities, rose 3.3% to $1.25.

$NEE reported a 13% increase in profit for 3Q17, helped by the performance from its subsidiary FPL. Net income stood at $847MM or $1.79 per share and revenue was flat at $4.8Bil. Adjusted EPS is expected to be $6.35-6.85, $6.80-7.30 and $7.85-8.45 for FY17, FY18 and FY20, respectively.
On the proposed deal of acquiring Oncor, $NEE stated that it was disappointed with the Public Utility Commission of Texas' decision. $NEE said that it can't pay $18.7Bil for a utility that it can't control the Board and can't have the access to dividends. $NEE will not accept any condition that would not allow it to appoint majority of the Board.
$NEE's BoD declared a regular quarterly common stock dividend of $0.9825 per share, up about 13% from the prior year. This increase is consistent with the target plan of 12-14% annual growth in dividends per share through at least 2018, off a 2015 base. The dividend is payable on March 15, 2017, to shareholders of record on Feb. 28, 2017.
$NEE completed sale of FiberNet and its subsidiaries to $CCI for $1.5Bil in cash. A portion of proceeds are expected to be used to retire about $375MM of FiberNet long-term debt, as well as to fund, in part, the potential acquisition of Oncor. The impact of the gain on the sale at the time of closing will be excluded from adjusted earnings.
$NEE announced it has entered into a definitive agreement to sell FiberNet and its subsidiaries to $CCI for $1.5Bil in cash. The transaction is expected to be accretive to $NEE earnings immediately upon closing. UBS Investment Bank is serving as financial advisor to $NEE and Hogan Lovells is serving as legal counsel.