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.

NextEra Energy traces its origins to 1925, when Florida Power & Light Company was founded to provide electric service to communities in Florida. The company grew alongside Florida's population expansion, which accelerated after World War II as air conditioning made the state's climate more comfortable for year-round residents. FPL became one of the fastest-growing electric utilities in the United States during the second half of the 20th century.

In 1984, FPL Group Inc. was formed as a holding company for Florida Power & Light, separating the regulated utility from the parent company's other activities. This restructuring allowed the company to pursue non-regulated energy businesses while maintaining the regulatory separation required for its Florida utility operations.

The company's transformation into a renewable energy leader began in the late 1990s and early 2000s, when it started investing in wind energy projects through its NextEra Energy Resources subsidiary (originally called FPL Energy). The company recognized early that federal and state policies supporting renewable energy would create a large market for clean power generation, and it positioned itself to be the primary developer of wind and solar projects in the United States.

In 2006, FPL Group changed its name to NextEra Energy Inc., reflecting the company's evolution from a Florida-focused utility into a national energy company with a growing renewable energy business. The rebranding coincided with accelerating investment in wind farms across the Great Plains and solar facilities in the southwestern United States.

Throughout the 2010s, NextEra Energy Resources expanded its wind and solar portfolio to become the world's largest generator of renewable energy from wind and solar sources. The company also invested in nuclear power, operating the Seabrook Station nuclear plant in New Hampshire and the Duane Arnold Energy Center in Iowa (which was retired in 2020 following a windstorm). NextEra Energy Resources added battery storage to its portfolio as costs declined, pairing storage with solar projects to provide dispatchable clean energy.

In 2021, John Ketchum succeeded Jim Robo as CEO. Ketchum had previously served as Chief Financial Officer and President of NextEra Energy Resources, giving him deep operational knowledge of both segments. Under Ketchum, the company has emphasized grid modernization, battery storage, and the role of nuclear power in providing carbon-free baseload electricity.

In 2025, NextEra Energy celebrated its 100th anniversary. FPL brought 894 megawatts of solar capacity online in Q1 2025, expanding its total owned solar portfolio to over 7.9 gigawatts. NextEra Energy Resources added approximately 3.2 gigawatts of new renewable and storage projects to its backlog in Q1 2025. The company posted full year 2025 adjusted earnings of $3.71 per share, establishing the base for its long-term growth projections.

In Q2 2026, NextEra reported adjusted earnings of $1.15 per share, up 9.5% from $1.05 per share in Q2 2025. FPL contributed adjusted earnings of $0.67 per share, while NextEra Energy Resources contributed $0.62 per share. Operating revenues for the quarter were $7.53 billion, up from $6.70 billion in the prior year quarter. For the first half of 2026, operating revenues totaled $14.24 billion. The company reaffirmed its 2026 adjusted earnings guidance of $3.92 to $4.02 per share and its long-term growth target of 8% or more through 2032.

NextEra Energy is one of the lowest-carbon electric utilities in the United States. The company's generation portfolio is heavily weighted toward renewable energy and nuclear power, both of which produce zero direct greenhouse gas emissions. FPL's solar fleet of over 7.9 gigawatts is the largest utility-owned solar portfolio in the United States, and NEER operates the largest wind and solar portfolio in the world.

The company has set a goal to achieve Real Zero carbon emissions by 2045, relying on existing technologies including solar, storage, nuclear, and green hydrogen. This target is more aggressive than the net-zero goals set by most US utilities, which typically rely on carbon offsets or unspecified future technologies for the final portion of their reductions.

FPL's nuclear operations at its Turkey Point and St. Lucie plants provide carbon-free baseload power that complements the intermittent output of solar generation. The company has invested in extending the operating licenses of its nuclear plants, recognizing that nuclear power is essential to achieving deep decarbonization while maintaining grid reliability.

NextEra's battery storage investments address the intermittency challenge of solar and wind generation. By pairing storage with renewable generation, the company can dispatch clean energy during periods when the sun is not shining or the wind is not blowing, reducing reliance on natural gas peaker plants.

NextEra Energy faces regulatory scrutiny as a regulated utility, but the company has not been subject to major controversies comparable to those affecting some other large energy companies.

FPL's rate cases before the Florida Public Service Commission have occasionally drawn public criticism from consumer advocates who argue that the utility's proposed rate increases are excessive. In 2021, FPL reached a settlement agreement with the Florida Office of Public Counsel that reduced its requested rate increase. Rate case outcomes directly affect FPL's allowed return on equity, which is a key driver of regulated earnings.

The company has faced litigation related to its political advocacy activities. In 2022, reports emerged that FPL had funded political consulting firms involved in controversial activities, including the creation of spoiler candidates in Florida state senate races. The company's parent, NextEra Energy, acknowledged that an internal review had identified issues related to governance and oversight of political spending. The company subsequently implemented changes to its political engagement policies and oversight procedures.

NextEra Energy Resources has faced opposition to specific project proposals from local communities and environmental groups in some markets. Wind and solar project siting can generate land use conflicts, particularly in areas with competing agricultural or conservation interests. The company has generally sought to address these concerns through community engagement and project modifications, though some projects have been delayed or canceled due to local opposition.

The company's nuclear operations are subject to oversight by the Nuclear Regulatory Commission. Seabrook Station and FPL's Turkey Point and St. Lucie nuclear plants have maintained operating licenses, though nuclear operations inherently carry safety and environmental risks that require ongoing management and regulatory compliance.