What was NextEra Energy Resources previously called?

NextEra Energy Resources was previously known as FPL Energy, the wholesale power generation subsidiary of FPL Group. In 2009, FPL Group changed its name to NextEra Energy, Inc., and FPL Energy was rebranded as NextEra Energy Resources.

How does NextEra Energy Resources generate revenue?

NextEra Energy Resources generates revenue by selling wholesale electricity from its wind, solar, nuclear, and natural gas facilities to utilities, municipalities, cooperatives, and corporate customers through long-term power purchase agreements (PPAs) typically lasting 15 to 25 years.

Is NextEra Energy Resources publicly traded?

NextEra Energy Resources is not publicly traded as a separate entity. Its parent company, NextEra Energy, Inc., trades on the NYSE under ticker NEE. NextEra Energy reported full-year 2025 adjusted earnings of $3.71 per share.

What types of energy does NextEra Energy Resources generate?

NextEra Energy Resources generates electricity from wind, solar, battery storage, nuclear, and natural gas. Wind and solar are the primary growth areas. NEER also operates nuclear power plants, including a plan to recommission the Duane Arnold nuclear plant under a PPA with Google.

Energy & Utilities

Who Owns NextEra Energy Resources?

Q: What is NextEra Energy Resources' generating capacity?

NextEra Energy Resources had approximately 31 gigawatts of clean energy in operation as of mid-2024. In 2025, NEER brought 7.2 gigawatts of new generation online and added 13.5 gigawatts to its backlog. NextEra Energy's total generating capacity across all subsidiaries was approximately 73 gigawatts.

NextEra Energy Resources (NEER) is owned by NextEra Energy, Inc. (NYSE: NEE), a publicly traded American energy company headquartered in Juno Beach, Florida. NextEra Energy reported full-year 2025 adjusted earnings of $3.71 per share, up 8.2% from 2024. NEER brought 7.2 gigawatts of new generation online in 2025 and added 13.5 gigawatts to its backlog, including a plan to recommission the Duane Arnold nuclear plant enabled by a power purchase agreement with Google. NEER is the world's largest generator of wind and solar power.

Parent Company

NextEra Energy Inc.

Founded

1989

Status

Publicly Traded

Headquarters

Juno Beach, Florida, USA

NextEra Energy Resources Timeline

1925

NextEra Energy Inc.

Parent company established in Juno Beach, Florida, USA

Company Founded

1989

NextEra Energy Resources

Founded by FPL Group (parent; rebranded as NextEra Energy in 2009)

Founded

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Who Owns NextEra Energy Resources?

Parent Company: NextEra Energy Inc.
Ownership Type: Wholly owned
Company Type: Publicly Traded
Stock Ticker: NYSE: NEE

Brand	Parent Company	Ownership Type
NextEra Energy Resources	NextEra Energy Inc.	Wholly owned

History of NextEra Energy Resources

Founded: 1989
Founders: FPL Group (parent; rebranded as NextEra Energy in 2009)

NextEra Energy Resources traces its origins to FPL Group's expansion into wholesale power generation in the late 1980s. Initially known as FPL Energy, the subsidiary focused on natural gas and nuclear generation before aggressively expanding into wind power in the late 1990s and early 2000s. FPL Energy became one of the earliest developers of large-scale wind farms in the United States. In 2009, FPL Group changed its name to NextEra Energy, and FPL Energy was rebranded as NextEra Energy Resources. The company expanded into solar and battery storage, becoming the world's largest operator of wind and solar projects. In 2025, NEER brought 7.2 gigawatts of new generation online and added 13.5 gigawatts to its backlog, including a plan to recommission the Duane Arnold nuclear plant under a PPA with Google.

About NextEra Energy Inc.

What does NextEra Energy do?
NextEra Energy operates through two primary segments. Florida Power & Light is a regulated electric utility serving approximately 6 million customer accounts across Florida. NextEra Energy Resources is a competitive energy business that develops and operates wind, solar, nuclear, natural gas, and battery storage projects across the United States and Canada, with over 40,000 megawatts of total generating capacity.

Is NextEra Energy publicly traded?
Yes, NextEra Energy is publicly traded on the New York Stock Exchange under the ticker symbol NEE. The company is a component of the S&P 500 Index and is widely held by institutional and individual investors. No single entity holds a controlling stake.

Who is the CEO of NextEra Energy?
John Ketchum serves as Chairman, President, and Chief Executive Officer. He succeeded Jim Robo in 2021 and had previously served as Chief Financial Officer and President of NextEra Energy Resources.

When was NextEra Energy founded?
NextEra Energy traces its origins to 1925, when Florida Power & Light Company was founded. The parent holding company was originally formed as FPL Group in 1984 and renamed NextEra Energy Inc. in 2006 to reflect its expansion into renewable energy.

What is NextEra Energy's revenue?
NextEra Energy reported full year 2025 operating revenues of $25.1 billion and adjusted earnings of $3.71 per share. In Q2 2026, the company reported operating revenues of $7.53 billion and adjusted earnings of $1.15 per share, up 9.5% year over year. The company expects 2026 adjusted earnings per share in the range of $3.92 to $4.02.

How many customers does Florida Power & Light serve?
Florida Power & Light serves approximately 6 million customer accounts across 43 of Florida's 67 counties. This customer base represents roughly 12 million people, making FPL the largest electric utility in the United States by customer count.

What is NextEra Energy's renewable energy capacity?
NextEra Energy Resources has over 40,000 megawatts of total generating capacity and approximately 28 gigawatts of new renewable and storage projects in its backlog. FPL operates the largest utility-owned solar fleet in the United States at over 7.9 gigawatts. The company's Ten-Year Site Plan projects over 17 gigawatts of new solar and 7.6 gigawatts of battery storage by 2034.

Founded: 1925
Headquarters: Juno Beach, Florida, USA
Company Type: Publicly Traded
Stock: NYSE: NEE
Revenue: $25.1 billion (FY2025)
Employees: Approximately 16,000

Visit NextEra Energy Inc. website

View full company profile for NextEra Energy Inc.

Where Is NextEra Energy Resources Made / Based?

Headquarters: Juno Beach, Florida, USA
Manufacturing / Operations: United States, Canada

NextEra Energy Resources Categories & Tags

Renewable Energy Wind Power Solar Energy Clean Energy Battery Storage

NextEra Energy Resources Sustainability & Ethics

NextEra Energy Resources operates under NextEra Energy's sustainability framework, addressing environmental responsibility, ethical business practices, and social impact.

Renewable Energy Leadership: NEER operates approximately 31 gigawatts of clean energy capacity, primarily from wind and solar generation. The company's renewable energy portfolio displaces fossil fuel generation and avoids millions of tons of carbon dioxide emissions annually.

Carbon Reduction Goals: NextEra Energy has committed to achieving carbon neutrality across its operations by 2038 and reducing greenhouse gas emissions by 50% by 2030. NEER's wind and solar projects contribute directly to these goals.

Environmental Stewardship: NEER implements environmental protection measures across its project portfolio, including wildlife habitat preservation, biodiversity monitoring, and ecosystem restoration programs. The company works with environmental organizations and regulatory agencies to minimize impacts.

Community Engagement: NEER's renewable energy projects create jobs, generate tax revenue for local communities, and provide economic benefits. The company maintains partnerships with educational institutions and workforce development programs.

Supply Chain Responsibility: NEER works with suppliers who meet NextEra Energy's environmental and ethical standards. Procurement policies prioritize suppliers using sustainable practices and fair labor conditions.

Awards & Recognition

Forbes America's Best Large Employers: In 2025, Forbes named NextEra Energy one of America's Best Large Employers, marking the eighth time in 10 years the company received this recognition.

Forbes America's Best Companies: NextEra Energy was included in Forbes' America's Best Companies for 2025, based on evaluation of workplace culture, employee satisfaction, and corporate performance.

VETS Indexes 3 Star Employer: In 2025, NextEra Energy was named a VETS Indexes 3 Star Employer, recognizing commitment to recruiting, hiring, and supporting veterans.

HIRE Vets Platinum Award: NextEra Energy received the 2025 HIRE Vets Platinum award from the U.S. Department of Labor for excellence in recruiting and retaining veterans. The company has been recognized every year since 2018.

ESG Leadership: In June 2024, NextEra Energy received a best-in-class ESG assessment from S&P Global Ratings, with a score of 86, one of the highest rankings given to any corporation.

Fortune Most Admired Companies: NextEra Energy has been ranked No. 1 in its industry on Fortune's list of most admired companies, recognizing leadership in renewable energy innovation and operational excellence.

NextEra Energy Resources Recalls & Controversies

Regulatory Violations: According to Violation Tracker data, NextEra Energy and its subsidiaries have faced 32 regulatory violations since 2000 with total penalties exceeding $31 million. The most significant include a $25 million fine against Florida Power and Light and a $2.5 million penalty against NextEra Energy Resources.

Environmental and Permitting Challenges: NEER has faced environmental permitting challenges related to project development, including wildlife protection concerns, land use conflicts, and environmental impact assessments requiring extensive regulatory review.

Community Opposition: The company has occasionally faced community opposition to wind and solar projects, particularly regarding visual impacts, noise concerns, and land use conflicts. These siting challenges require stakeholder engagement and project design modifications.

Grid Integration Constraints: NEER faces challenges related to grid integration and transmission constraints as intermittent renewable energy increases. The company addresses these through advanced grid integration and energy storage technologies.

NextEra Energy Resources Ownership: Pros & Cons

Advantages

+World's largest operator of wind and solar projects with decades of development expertise
+Brought 7.2 GW of new generation online in 2025 and added 13.5 GW to backlog
+Long-term power purchase agreements provide stable, contracted revenue streams
+NextEra Energy's investment-grade balance sheet provides financing advantages
+Diversified portfolio across wind, solar, battery storage, and nuclear generation
+Strategic positioning for data center power demand growth
+Parent company targets 8%+ adjusted EPS growth through 2032

Considerations

-Capital-intensive business model creates exposure to interest rate risk
-Wind and solar generation is intermittent and weather-dependent
-Increasing competition from other developers may compress returns
-Regulatory and permitting challenges can delay project development
-Nuclear plants face aging infrastructure and decommissioning costs
-Geographic concentration in North America limits international exposure

Frequently Asked Questions About NextEra Energy Resources

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