NextEra Energy

NextEra Energy, Inc. (NEE) is one of the largest electric power and energy infrastructure companies in North America, with its headquarters in Juno Beach, Florida. The Fortune 200 company operates through two main subsidiaries: Florida Power & Light (FPL) and NextEra Energy Resources (NEER).

Key facts about NextEra Energy:

• Business segments: The company has two primary business segments:
  • Florida Power & Light (FPL): A rate-regulated electric utility that serves approximately 12 million people across Florida, making it the largest electric utility in the state.
  • NextEra Energy Resources (NEER): An unregulated wholesale power generator that is one of the world's largest producers of renewable energy from wind and solar. NEER also operates plants using natural gas, nuclear energy, and battery storage.
• Scale and reach: NextEra Energy is a leading investor in American energy infrastructure. In 2024, it had a total generating capacity of 73 gigawatts and served customers across the U.S. and Canada.
• Focus on clean energy: The company has a significant and diverse portfolio of clean energy assets. In March 2025, approximately 36% of its generation capacity came from fossil fuels and non-renewables, a decrease from 41% in 2020.
• Financial performance: As of October 2024, NextEra Energy was the world's largest electric utility holding company by market capitalization. It reported 2024 revenues of $24.8 billion.

Investments and future plans

• NextEra plans to invest approximately $120 billion in American energy infrastructure over a four-year period, sourced from all generation resources.
• The company has secured financing arrangements to support its expansion plans, which include the potential recommissioning of a nuclear plant and continued growth in its renewable energy business.

Controversies and issues

NextEra Energy has been the subject of controversy regarding its business practices and political activities:

• In 2022, NextEra Energy paid an $8 million penalty for the deaths of over 150 eagles at wind farms that did not have the required permits.
• Florida Power & Light, a NextEra subsidiary, has been accused of lobbying to create barriers for rooftop solar installations and allegedly funding "ghost" candidates in Florida elections to confuse voters.
• In 2021, NextEra heavily lobbied against a rival transmission line project in New England that would have brought competing hydroelectric power to the market.

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