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NextEra Energy Plans to Spend $59 Billion in Annual Capex Through 2032. Will This Massive Capital Outlay Pay Dividends for Shareholders?
The Motley Fool·
NextEra Energy plans to invest $59 billion annually through 2032, with its acquisition of Dominion Energy positioning the combined company to capitalize on expected 60% growth in electricity demand by 2045. The capital spending is projected to support 9%+ annualized earnings growth and enable the company to maintain its decades-long dividend increase streak, making it attractive for dividend growth investors.
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