John Ketchum

Ketchum said the revised Virginia filing is meant to deliver immediate bill relief while keeping the financial and operating capacity to expand energy infrastructure.

NextEra Energy chairman and CEO John Ketchum said the revised filing was designed to provide immediate bill relief while preserving the financial and operating capacity needed to expand Virginia's energy infrastructure.

Ketchum said NextEra is going beyond its already large benefits package for Dominion Virginia customers, arguing Virginians should not have to choose between near-term bill relief and affordable, reliable power later.

We have already put forward a historic package of benefits for Dominion Energy Virginia customers, workers, and communities, and we are going even further. Virginia should not have to choose between relief on electric bills today and affordable, reliable power tomorrow.

Ketchum defended the Dominion merger by stressing that the nearly $2 billion in proposed Virginia rate credits is the largest in any comparable transaction.

We have almost $2 billion in rate credits in front of the Virginia SCC in our current proposal. That’s by far the most in any transaction of this nature,

Ketchum argued NextEra's leadership in renewables and storage makes the combined company best placed to meet Virginia's Clean Economy Act goals.

When I look at clean energy, we are the world’s leader in renewables. We are the world’s leader in storage,” Ketchum said. “If we can’t get it done, then I don’t know who can in terms of the Clean Economy Act.

Ketchum said NextEra will file a strong rebuttal to intervenor testimony ahead of the mid-November evidentiary hearing.

Really looking forward to bringing this case forward in front of the commission in mid-November and really looking forward to responding to the intervenor testimony that we saw come in Monday that we are still digesting in a very strong rebuttal that we will file here in a couple weeks,

Ketchum said the fee-based federally backed energy hubs could deliver at least half the earnings of owning and operating them, with co-located battery storage adding upside.

Ketchum said the projects could generate at least half of the earnings that NextEra would expect from owning and operating the facilities, while co-located battery storage could expand the opportunity.

Ketchum said the federally backed hub model should deliver at least half of the earnings of full ownership while sharply cutting NextEra's capital requirements.

Ketchum told analysts the hubs should generate at least half the earnings NextEra would expect if it owned and operated the projects itself, while sharply reducing its capital needs.

Ketchum says the Duane Arnold restart shows data centers paying their own way, with a long-term hyperscaler contract keeping costs off Iowa residential customers.

This is a perfect example of data centers paying their own way,” Ketchum said in an interview. “We’re able to sign a long-term contract with a hyperscaler for that project. So none of the costs are being paid by residential customers in Iowa.

Ketchum argued NextEra is uniquely able to meet Virginia's Clean Economy Act requirements given its record as the world's largest renewable and clean energy operator.

If we can’t do it, I don’t know who else can when it comes to meeting the requirements of the Clean Economy Act in Virginia,

Ketchum said the merged company would be the second-largest US nuclear operator and is best positioned to deliver Virginia's energy goals.

The combined company would become the "second largest in the U.S. when it comes to nuclear," he said. "When you look at the pieces and put them together, there’s just no company better positioned to deliver on Virginia's goals."

Ketchum committed to accelerating storage builds and new generation in Virginia to ease import costs while keeping bills affordable.

I'll be super disappointed if we can't accelerate the storage builds in Virginia, to help alleviate some of the high import charges they're facing both on the energy and the capacity side," he said. "It's very important we get new generation up and running as quickly as we can but do it in a way that's affordable for our customers, which I think we can.

Ketchum argued that the Dominion merger is the best path for Virginia to meet its Clean Economy Act requirements, saying no one else could achieve it if NextEra cannot.

If we cannot get it done, I do not know who else can in terms of meeting the requirements of the Virginia Clean Economy Act,

Ketchum stayed unfazed by Virginia regulatory staff's recommendation to deny the $67 billion Dominion takeover and said he looks forward to prosecuting the case.

prosecuting this case

John Ketchum said NextEra's people, not just its assets, make the biggest difference in its performance and storm recovery.

It is our people who make the biggest difference.

Ketchum says America needs more power on the grid, with affordability, reliability, scale and speed more important than ever.

The backdrop then is the same as it is today. America needs more electrons on the grid. Affordability, reliability, scale, and speed to market are more important than ever.

Ketchum says solar remains compelling versus alternatives and NextEra's supply chain gives it a competitive edge despite cost pressures.

When I think about solar and where solar prices out against alternative technologies is a very compelling product offering. When I think about how we are positioned around our supply chain, I think we've got a real competitive advantage there.

Ketchum says America needs far more power generation, with affordability, reliability, scale and speed to market now paramount.

America needs more electrons on the grid. Affordability, reliability, scale, and speed to market are more important than ever.

Ketchum says the federal hub projects match new load with new generation so data centers, not existing utility customers, bear the cost.

Importantly, each of these projects are perfect examples of matching new electric load with new power generation, ensuring data centers pay for their own generation and infrastructure, not existing utility customers.

Ketchum says federal hubs will deliver about half the EPS of owned projects without any capital investment.

While we do not put any capital into the projects, we expect federal hubs to generate approximately 50% of the expected adjusted earnings per share that Energy Resources would receive if we own the projects ourselves over the first 20 years of operation.

Ketchum raised FPL's large load target to 8 GW by 2032 on strong hyperscaler interest and expects to announce a deal by year-end.

It's why we raised our large load expectations from 6 gigawatts to 8 gigawatts by 2032, and we remain confident in our ability to announce a large load transaction by the end of the year.

Ketchum is evaluating SMRs with 6 GW of co-location potential but insists new nuclear needs risk-sharing terms limiting exposure.

We continue to evaluate advanced nuclear, closely assessing the commercial and technical capabilities of various SMR OEMs. We have 6 gigawatts of SMR co-location opportunities at our nuclear sites, and we are working to develop new greenfield sites. Of course, any new nuclear build would have to include the right commercial terms, conditions with appropriate risk-sharing mechanisms that limit our ultimate exposure.

Ketchum backs permitting reform, saying US power demand may rise sixfold and requires new transmission and gas pipelines.

We are in a period where power demand is expected to increase sixfold across this country, and it's imperative that we do right by our customers, which means getting power to where it needs to go and having linear infrastructure available to meet those needs as we look to the future.

Ketchum defends the Dominion combination as additive, pairing two industry leaders to meet surging power demand.

As I have said before, this is a merger of addition, not subtraction. We are bringing together 2 industry leaders with a shared commitment to safety, reliability, affordability, customer service, and execution at a time when the power industry is tasked with meeting rapidly growing electricity demand.

Ketchum remains confident in solar demand and pricing competitiveness, citing a supply chain advantage despite cost pressures.

We continue to see in our discussions as we look to the future with customers, strong demand. When I think about solar and where solar prices out against alternative technologies is a very compelling product offering. When I think about how we are positioned around our supply chain, I think we've got a real competitive advantage there.

Ketchum said the 9.7% year-over-year rise in adjusted EPS reflects continued strong financial and operational performance at both FPL and NextEra Energy Resources.

reflecting continued strong financial and operational performance at both FPL and NextEra Energy Resources.

John Ketchum said Iowa residential customers would not bear the costs of restarting the Duane Arnold nuclear plant.

NextEra CEO John Ketchum stated that Iowa residential customers would not bear the project's costs.

NextEra CEO John Ketchum said Google's long-term power contract would keep residential customers from bearing the restart costs of the Duane Arnold nuclear plant.

Google’s long-term electricity contract would prevent residential customers from shouldering the plant’s restart costs, NextEra CEO John Ketchum told the AP.

Ketchum defended FPL's 10.95% return on equity by saying NextEra "delivers", which the commentary author disputes as a basis for ROE.

When asked why this figure was well over the 9.98% profit approved this year for Dominion in our state, Ketchum said that one reason was that his company “delivers.”

John Ketchum said NextEra officials feel confident about restarting the Duane Arnold nuclear plant after assessing its condition.

Chief executive John Ketchum said company officials felt good about their ability to bring it back after assessing its condition.

Ketchum argued the merger benefits South Carolina ratepayers because NextEra's scale lets it buy, build and finance at lower cost.

He maintained numerous times that the benefit to South Carolina ratepayers for the merger was that NextEra can buy, build and finance at lower costs because of his company's size.