NextEra Energy Partners, LP (NYSE:NEP) Q4 2023 Earnings Call Transcript

But this is still a development business and there are things that you have to work through before you commit significant capital to a project and occasionally some of those things that we work through are better. Sometimes they’re a little bit worse and we need to make the decisions that are ultimately right for our shareholders at the time that we need to make them. So in context of a 20 plus gigawatt portfolio, I think it’s de minimis for what is kind of the normal run rate for development type issues. And fortunately we’ve worked through the issues that we had talked about over the last two years around anti -dumping, countervailing duties and the significant changes in the marketplace related to the inflationary pressures and changes in the interest rates.

So at this point I think we’re in kind of like normal development, every once in a while, there’s something that changes our view on a specific project and we’re going to do the right thing from a shareholder perspective and only commit capital where it makes sense.

Operator: This concludes our question and answer session. The conference has now also concluded. Thank you for attending today’s presentation and you may now disconnect.