SO - NextEra Energy May Have Just Turned Itself Into The Next Declining Industry.
- Florida has passed legislation to fundamentally overhaul net metering. California may soon follow. Analysts say that this is good for utilities like NextEra.
- But this rests on the fundamental assumption that "grid defection," leaving the grid entirely in favor of a battery system, will remain illegal.
- The fees being charged and considered, and the cuts to net metering rates, make grid defection the far superior economic option if legal.
- Such defections have the potential to start a downward spiral in the electric grid and degrade utility stocks like NextEra.
- I believe pressure to repeal mandatory connection laws will grow strongly after fixed fees are implemented.
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NextEra Energy May Have Just Turned Itself Into The Next Declining Industry.