Overview
NextEra Energy Inc. is a U.S. energy company whose core businesses are Florida Power & Light (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops and operates energy generation and infrastructure assets. Its portfolio includes wind, solar, battery storage, nuclear generation, and regulated transmission, with operations extending beyond Florida to other U.S. markets and Canada.[1][2][3][4]
The company describes its purpose as meeting rising U.S. energy demand through an “all forms of energy” approach while supporting communities and keeping bills as low as possible.[5] In its 2025 reporting year, ended December 31, NextEra Energy recorded $27.412 billion in consolidated operating revenues; its corporate website reports more than 17,000 employees.[6][7][8] [1][2][3][4][6][5][7][8]
Products & services
NextEra Energy’s customer offerings include regulated electric service through Florida Power & Light (FPL), which generates, stores, transmits, distributes and sells electricity in Florida. FPL’s year-end 2025 resources for serving load totaled about 36,616 MW of net capacity: 24,314 MW of primarily natural-gas generation, 7,932 MW of solar, 3,502 MW of nuclear, 215 MW of jointly owned coal capacity and 991 MW of battery storage. Some generating units can use natural gas or low-sulfur diesel; FPL also pairs solar and storage to support a more nearly firm supply.[9][10]
Through NextEra Energy Resources, the company develops, constructs and operates generation and storage projects, and provides customers with energy and capacity sales, electric transmission, and gas and power supply. Its contracts principally cover energy commodities, electric capacity and transmission; the company also provides project development, construction, operations and maintenance, administration, and management services to certain project entities.[11][12][13] FPL also offers SolarTogether community-solar subscriptions with monthly bill credits, SolarVantage turnkey on-site solar for businesses and organizations, and EVolution electric-vehicle charging and fleet electrification services.[14][15][16]
As a measure of asset mix—not revenue—wind, solar, battery storage, nuclear and rate-regulated electric transmission represented about 41%, 23%, 8%, 5% and 5%, respectively, of NEER depreciable electric plant and other property at year-end 2025.[2] [9][10][11][12][13][2][14][15][16]
Geographic presence
NextEra Energy’s principal office is at 700 Universe Boulevard, Juno Beach, Florida [17]. Its FPL business serves customers in Florida: in 2025, FPL held 226 municipal and county franchise agreements, covering the vast majority of its Florida retail customer base, and also served 10 other municipalities and 27 unincorporated areas [18]. FPL’s service territory spans 43 counties in peninsular and Northwest Florida and includes more than 6 million customer accounts [19]. Florida retail electricity sales accounted for approximately 90% of FPL’s 2025 operating revenues; this is an FPL-specific figure, not a share of consolidated NextEra Energy revenue [1].
As of December 31, 2025, NextEra Energy Resources had approximately 37,145 MW of net generating capacity across 44 U.S. states and 360 MW across four Canadian provinces [20]. [17][18][1][20][19]
Business segments
NextEra Energy reports two business segments: Florida Power & Light (FPL), a Florida electric utility focused on generation, storage, transmission and distribution; and NextEra Energy Resources (NEER), which develops, builds and operates energy infrastructure, including contracted generation and battery storage, regulated electric and gas transmission, and related energy and technology offerings. Corporate and Other is a reconciliation category rather than a third reportable segment; it includes other activities, income and expenses, and eliminating entries.[11][21]
For the six months ended June 30, 2026, approximate shares of consolidated revenue were FPL 64.4% ($9.167 billion), NEER 34.0% ($4.844 billion), and Corporate and Other 1.6% ($0.224 billion).[22] On a separate full-year basis, FY2025 net income attributable to NextEra Energy was approximately 73.3% from FPL ($5.012 billion), 43.5% from NEER ($2.975 billion), and −16.9% from Corporate and Other (−$1.152 billion); the segment percentages exceed 100% before the negative contribution.[23] [11][21][22][22][22][22][23][23][23][23]
Company history
Florida Power & Light Company (FPL) was founded on Dec. 28, 1925, initially serving customers in 58 Florida communities. FPL Group was established as its parent company in 1984.[24][25]
FPL Group established FPL Energy in 1997, and its first wind site, Oregon’s Vansycle Ridge, came online in 1998. FPL Energy was renamed NextEra Energy Resources in 2009. In 2010, FPL Group changed its name to NextEra Energy, Inc.; FPL retained its name as the Florida utility.[24][26][27]
Jim Robo succeeded Lew Hay as CEO in 2012. NextEra agreed to acquire Gulf Power and other Southern Company assets in 2018, completed the Gulf Power acquisition in January 2019, and FPL completed Gulf Power’s integration in 2022. In 2022, John Ketchum succeeded Robo as CEO and later became chairman.[28][29][30][31][32][33] [24][25][26][27][28][29][30][31][32][33]
Sources
- NEXTERA ENERGY INC — Full financial report (2025 Y)
- www.nexteraenergy.com[5]
- www.sec.gov[7]
- www.nexteraenergy.com[8]
- NEXTERA ENERGY INC — Full financial report (2026 Q 2)
- www.fpl.com[14]
- www.fpl.com[15]
- www.fpl.com[16]
- www.fpl.com[19]
- www.nexteraenergy.com[24]
- www.fpl.com[25]
- newsroom.nexteraenergy.com[26]
- newsroom.nexteraenergy.com[27]
- newsroom.nexteraenergy.com[28]
- newsroom.nexteraenergy.com[29]
- newsroom.nexteraenergy.com[30]
- newsroom.nexteraenergy.com[31]
- newsroom.nexteraenergy.com[32]
- newsroom.nexteraenergy.com[33]
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