Trisha Shetty (Editor)

NextEra Energy

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Covid-19
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.

  • FPL, the largest of the subsidiaries, delivers rate-regulated electricity to 4.8 million customers in Florida and is the US's third largest utility company.
  • NEER, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun.{{Citation}} In addition to wind and solar, NextEra Energy Resources owns and operates generating plants powered by natural gas, nuclear fuel, and oil.
  • Gexa Energy is a retail energy provider in Texas
  • FPL FiberNet is a provider of fiber-optic solutions in Florida and Texas. FPL FiberNet begin in the 1980s, selling excess capacity on the company's fiber-optic infrastructure; the company was established in 2000.
  • 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.

    References

    NextEra Energy Wikipedia


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