NextEra Energy, Inc. (NYSE:NEE) Q4 2019 Earnings Conference Call - Final Transcript
Jan 24, 2020 • 09:00 am ET
Rebecca J. Kujawa
2019 distribution per common unit at an annualized rate of $2.14, we continue to see 12% to 15% growth per year in LP distributions as being a reasonable range of expectations through at least 2024. We expect that the annualized rate of the fourth quarter 2020 distribution that is payable in February of 2021 to be in the range of $2.40 to $2.46 per common unit.
In summary, we continue to believe that both NextEra Energy and NextEra Energy Partners have excellent prospects for growth. FPL, Gulf Power, Energy Resources, and NextEra Energy Partners each have an outstanding set of opportunities across the board. The progress we made in 2019 reinforces our long-term growth prospects. And while we have a lot to execute on in 2020, we believe that we have the building blocks in place for another excellent year.
That concludes our prepared remarks, and with that, we'll open up the line for questions.