NextEra Energy, Inc. (NEE) operates as one of the largest electric power and energy infrastructure companies in North America, holding a leading position in the renewable energy sector. NEE's operations are structured around two primary businesses: Florida Power & Light Company (FPL) and NextEra Energy Resources (NEER). FPL stands as the largest electric utility in Florida and one of the largest in the United States, serving approximately 5.9 million customer accounts. Its core focus revolves around investments in generation, transmission, and distribution infrastructure to provide low bills, high reliability, excellent customer service, and clean energy. NEER, on the other hand, specializes in renewable energy generation, specifically from wind and solar sources, and also holds a prominent position in battery storage. NEER operates across the U.S. and Canada, developing, constructing, and operating long-term contracted clean energy assets and offering other clean energy solutions. In 2019, NEE acquired Gulf Power Company, which merged with FPL in 2021, resulting in unified rates and tariffs effective January 1, 2022. NEE's strategy emphasizes meeting customer needs economically and reliably, driving profitable growth in both FPL and NEER. The company leverages a shared platform to minimize costs, enhance efficiency, and foster innovation.

• Employees: Approximately 16,800 (as of December 31, 2023)
• Geographic Footprint: FPL operates in Florida; NEER operates across the U.S. and Canada
• Headquarters: Juno Beach, Florida
• Founded: Not specified in filing
• Number of locations/facilities: Not specified in filing
• Revenue: $28.114 billion (FY2023)
• Market Capitalization: $150.048 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: FPL, NEER, NEET, NEP

• CEO: John W. Ketchum (since July 29, 2022)
• CFO: Terrell Kirk Crews II (since March 1, 2022)
• Board Chairman: John W. Ketchum (since July 29, 2022)
• Other Key Executives: Robert Coffey (Executive Vice President, Nuclear Division and Chief Nuclear Officer), Nicole Daggs (Executive Vice President, Human Resources and Corporate Services), Michael H. Dunne (Treasurer), Rebecca J. Kujawa (President and Chief Executive Officer, NextEra Energy Resources), Mark Lemasney (Executive Vice President, Power Generation Division), James M. May (Vice President, Controller and Chief Accounting Officer), Armando Pimentel, Jr. (President and Chief Executive Officer, FPL), Ronald R. Reagan (Executive Vice President, Engineering, Construction and Integrated Supply Chain), Charles E. Sieving (Executive Vice President, Chief Legal, Environmental and Federal Regulatory Affairs Officer)

• Annual Revenue: $28.114 billion (FY2023)
• Net Income: $7.310 billion (FY2023)
• Market Cap: $150.048 billion (as of June 30, 2023)
• Total Assets: $177.489 billion (FY2023)
• Number of employees: Approximately 16,800 (as of December 31, 2023)
• Key Financial Highlights: NEE's net income attributable to shareholders increased by $3.163 billion compared to FY2022, primarily due to improved performance at NEER and FPL, partially offset by a decline in Corporate and Other segment results.

NEE delivers electricity through its regulated utility, FPL, and generates renewable energy through NEER. NEER also develops and operates battery storage projects, engages in energy-related commodity marketing and trading, and owns and operates rate-regulated transmission facilities.

• FPL: Provides regulated electric service to approximately 5.9 million customer accounts in Florida.
• NEER: Generates renewable energy from wind and solar sources, operates battery storage projects, engages in energy marketing and trading, and operates rate-regulated transmission facilities.

NEE operates through two reportable segments: FPL and NEER. Corporate and Other represents other business activities.

• FPL: Contributed $4.552 billion in net income in FY2023.
• NEER: Contributed $3.558 billion in net income in FY2023.

NEE's overarching strategy focuses on providing clean energy solutions while maintaining cost-effectiveness and reliability. The company aims to meet customer needs more efficiently than competitors, fostering profitable growth in both its regulated utility and competitive energy segments. NEE prioritizes investments in infrastructure, clean energy assets, and innovative technologies to enhance its market position and deliver superior value to customers. The company's diversification across FPL and NEER contributes to its financial strength and resilience.

NEE operates within the highly regulated electric power and energy infrastructure industry in North America. The company faces competition from various players in both the regulated utility and competitive energy markets. NEE's competitive advantage stems from its scale, diversified portfolio of generation assets, and focus on clean energy solutions. The industry is influenced by regional market dynamics, regulatory changes, and technological advancements.

• Regulatory Changes: NEE's and FPL's operations are subject to extensive regulation, and any adverse changes in regulations, laws, or policies could negatively impact their financial performance.
• Operational Risks: The operation and maintenance of NEE's and FPL's extensive infrastructure are subject to various risks, including equipment failures, natural disasters, and cybersecurity threats, which could disrupt operations and lead to financial losses.
• Market Risks: NEE and FPL are exposed to fluctuations in fuel and energy prices, as well as changes in customer demand, which could affect their profitability.
• Financial Risks: NEE and FPL rely on access to capital markets, and any disruptions in these markets could limit their ability to fund operations and growth initiatives.
• Environmental Risks: NEE and FPL are subject to environmental regulations, and any non-compliance could result in penalties and reputational damage.