The sustainable energy path forward. Balancing federal and state regulations.
NextEra Energy, Inc. has nearly 43,000 megawatts of generating capacity – one of its subsidiaries is among the largest rate-regulated electric utilities in the US. NextEra Energy EVP of Federal Regulatory Affairs and former FERC Chairman Joseph T. Kelliher will be moderating a panel of federal and state utility commissioners discussing the delicate balance between federal and state regulations at the KEMA 2010 Utility of the Future leadership forum.
NextEra Energy, which previously operated as FPL Group, is a leading clean energy company with 2009 revenues of more than $15 billion, nearly 43,000 megawatts of generating capacity, and more than 15,000 employees in 28 states and Canada. Headquartered in Juno Beach, Florida, NextEra Energy’s principal subsidiaries are NextEra Energy Resources, LLC, the largest generator in North America of renewable energy from the wind and sun, and Florida Power & Light Company, which serves approximately 4.5 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the country. Through its subsidiaries, NextEra Energy collectively operates the third largest U.S. nuclear power generation fleet.
According to Kelliher, “Providing the right kind and right amount of regulation to the electric power industry is of critical importance. We want to provide just enough to steer the industry in a direction that serves our national energy goals, but not so much that we stifle investment and innovation. Equally important, we need to know when federal regulation is needed and when states are best suited to take the lead. To ensure a secure energy future for the nation, we’ve got to get the balance just right.”
Prior to joining NextEra Energy, Kelliher served as the FERC Chairman from 2005 – 2009. During his tenure, FERC implemented the Energy Policy Act of 2005 – the largest expansion of the Commission’s regulatory authority since 1930. As Chairman, Kelliher also restructured the agency and established two new offices dedicated to enforcing FERC requirements and market oversight and investigations and to reviewing and improving reliability standards.
Kelliher is moderating a panel of federal and state energy and utility commissioners discussing the delicate balance between federal and state regulations at the KEMA Utility of the Future forum on Thursday, June 24th. KEMA’s third annual Utility of the Future Leadership Forum, “Strategic Choices – Striking Equilibrium” is gathering energy and utility industry CEOs who will be sharing their insights on strategy and challenges to engage customers and achieve a sustainable energy supply.
KEMA’s 3rd annual Utility of the Future leadership forum
June 23 – 25, 2010
The Four Seasons, Washington D.C.
Designed in concert with an advisory panel of insightful, forward-thinking senior industry executives, KEMA’s Utility of the Future leadership series provides a view from the top on critical issues facing energy and utility industry and stakeholders and offers opportunities for leaders to connect with their peers as they seek to build for the future.
To register, and for more information, visit: www.kema.com/UtilityFuture2010.
For a look into the insights gained from the previous years’ Utility of the Future leadership series, visit www.kema.com/UtilityFutureSeries.