- Business
- NextEra Energy Inc (NYSE: NEE; NEE-PP) is the world's largest electric utility holding company by market capitalization and a leading provider of clean energy solutions across North America. The company operates through two primary segments: Florida Power & Light Company (FPL), its rate-regulated utility subsidiary that generates, transmits, distributes, and sells electricity to approximately 6 million retail accounts primarily in Florida; and NextEra Energy Resources (NEER), the world's largest generator of renewable energy from wind and solar, which develops, constructs, operates, and owns power generation facilities fueled by wind, solar, nuclear, natural gas, battery storage, and other clean energy sources, while also marketing electricity to wholesale customers, investing in transmission infrastructure, and offering energy-related products and services including natural gas procurement, energy engineering, and efficiency solutions to commercial, industrial, and municipal customers. NextEra Energy Services, another subsidiary, provides tailored electricity and natural gas supply solutions leveraging the company's diverse energy portfolio. Founded in 1925 as Florida Power & Light Company and headquartered in Juno Beach, Florida, the company maintains operations in 49 U.S. states and 4 Canadian provinces, with a generating capacity exceeding 72 gigawatts as of year-end 2024 from its extensive portfolio of nuclear, natural gas, wind, solar, and battery storage assets operated by NEER, including those affiliated with XPLR Infrastructure. In recent developments, NextEra Energy Resources commissioned over 6 gigawatts of new renewable energy and storage capacity in 2024, added more than 12 gigawatts to its backlog including 3.3 gigawatts in early 2025, and formed framework agreements with two Fortune 500 companies, a joint development agreement with Entergy potentially enabling up to 15 gigawatts of new renewables and storage, and a strategic partnership with GE Vernova to develop integrated gas-fired power solutions; additionally, in October 2025, NEER sold its distributed generation platform, encompassing operating solar and storage assets plus a development pipeline across 25 states, to Madison Energy Infrastructure. The company reaffirmed its long-term financial expectations in early 2025, including adjusted earnings per share growth midpoints of $3.58 for 2025, $3.82 for 2026, and $4.08 for 2027, supported by planned investments of approximately $120 billion in U.S. energy infrastructure over the next four years and a funding plan featuring $5 billion to $7 billion in equity units from 2024-2027.