NextEra Energy Inc - Company Profile
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Business Description
NextEra Energy Inc (NEE) is an electricity and energy infrastructure company, that owns electric companies, Florida Power & Light and Gulf Power Co in Florida and also owns NextEra Energy Resources.
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Business Segments
Overview
Generates, transmits, distributes and sells electricity. It serves residential, commercial, industrial, wholesale and other customers. Produces energy using natural gas, coal, nuclear and solar sources. It holds 226 franchise agreements with various municipalities and counties in Florida with expiry dates through 2055. It also provides service to 10 other municipalities and 27 unincorporated areas in its service area without franchise agreements in conformance to the general coherent to the general obligation to serve as a public utility. Buys and sells wholesale energy commodities such as natural gas, oil and electricity. It procures natural gas and oil for its use in power generation and sells excess natural gas, oil and electricity. In FY2025, the segment incurred a capital expenditure of US$8,935 million, which grew 8.8% YoY.
Performance
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Overview
Owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets. Develops and constructs battery storage projects. Also carries out energy-related commodity marketing and trading, including entering into financial and physical contracts to hedge the production from its generation assets. These contracts primarily include power and gas commodities and their related products; and it also participates in natural gas, natural gas liquids and oil production primarily through non-operating ownership interests, and in pipeline infrastructure development, construction, management and operations; and hedges the expected output from its gas infrastructure production assets to protect from price movements. It provides full energy and capacity requirement services primarily to distribution utilities and offers power and gas and related risk management services to wholesale customers. In FY2025, the segment incurred a capital expenditure of US$15669 million, which declined 4.4% YoY.
Performance
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