Type Private Founded 1925 | Industry Electric Utilities Area served United States & Canada | |
Traded as NYSE: NEE
DJUA Component
S&P 100 Component
S&P 500 Component Headquarters Juno Beach, Florida, United States | ||
NextEra Energy, Inc. (NEE) is a Fortune 200 energy company with about 44,900 megawatts of generating capacity, revenues of approximately $17 billion, and about 13,800 employees in 27 states and Canada. NEE is listed as #191 in the 2014. Its subsidiaries include Florida Power & Light (FPL), NextEra Energy Resources (NEER), and FPL FiberNet.
In 2011, NEE was listed by Fortune Magazine as the most admired company in the industry of electric and gas utilities.
On December 4, 2014, NEE announced its plans to purchase Hawaiian Electric Industries for $4.3 billion "in a bet it can reduce the nation’s highest rates by using more renewable energy."
In the news
In April 2009, BusinessWeek magazine reported the company (at the time FPL Group) was one of 25 US companies that paid the least US taxes. FPL Group paid a 1.3 percent annual tax rate, far less than the standard 35 percent corporate rate, based on an analysis of the company's financial figures for 2005–2008. On more than $7 billion in company earnings during this four-year period, FPL Group paid $88 million in taxes. The company was able to take advantage of certain tax breaks for developing alternative energy. A company spokesperson said the company is merely taking advantage of incentives to develop renewable resources.
In 2015, NextEra donated $1 million to a Super PAC supporting Jeb Bush's presidential candidacy.