| Market Capitalization (Millions $) |
172,937 |
| Shares
Outstanding (Millions) |
2,092 |
| Employees |
17,400 |
| Revenues (TTM) (Millions $) |
27,866 |
| Net Income (TTM) (Millions $) |
6,556 |
| Cash Flow (TTM) (Millions $) |
-75 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Nextera Energy Inc. through its subsidiaries, is one of the largest clean energy companies in the United States and is primarily involved in the generation and distribution of electric energy. The company is known for its commitment to renewable energy sources and is the parent company of Florida Power & Light Company (FPL), which provides electric service to over eight million people in Florida.
FPL, incorporated in Florida in 1925, functions under a regulatory framework set by the Florida Public Service Commission (FPSC), which establishes rates to allow utilities to recoup their costs and earn a reasonable return. This regulatory environment is vital for ensuring that FPL can sustainably provide electricity to its expansive customer base.
Nextera Energy, through its Energy Marketing and Trading (EMT) division, engages in the wholesale buying and selling of energy commodities, including natural gas, oil, and electric power. This division not only procures fuel for FPLs generation needs but also manages commodity price risks using derivative instruments such as swaps and options. The results from EMT activities are typically passed through to customers to maintain transparency in fuel pricing.
The company has also faced scrutiny regarding Electric and Magnetic Fields (EMF) generated during the transmission of electric power. While studies have shown some associations with health concerns, scientific consensus remains inconclusive. Regulatory assessments have suggested that any potential risks from EMF exposure are minimal.
Nextera Energy operates in a competitive landscape, where it faces other suppliers and alternative energy sources, especially from industrial customers capable of self-generating electricity. While many states have restructured their electricity markets to allow customer choice in suppliers, Floridas regulatory environment, underpinned by its legislative framework, has not shown significant movement towards similar restructuring. Management believes that immediate electric industry restructuring in Florida is unlikely.
Overall, Nextera Energy Inc. positions itself as a leader in renewable energy development while maintaining a strong operational base through its regulated utility operations via FPL. The companys focus remains on providing reliable electricity services and developing clean energy resources to meet the evolving energy demands of its consumers.
Company Address: 700 Universe Boulevard Juno Beach 33408 FL
Company Phone Number: 694-4000 Stock Exchange / Ticker: NYSE NEE
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4.85% 
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