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NextEra Energy and Dominion Energy’s Leverage Trends

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Debt burden

NextEra Energy (NEE) had a net debt of $37.0 billion at the end of the fourth quarter. At the same time, Dominion Energy (D) had a net debt of $35.0 billion. The Fed has been consistently increasing interest rates for the past four years. Higher rates dent utilities’ (XLU) profitability due to higher debt servicing costs. The Fed intends