Nextera Energy Stock Price, News & Analysis
Company Description
NextEra Energy Inc. (NEE) is the largest electric utility holding company in the United States by market capitalization. Founded in 1925 as Florida Power & Light Company and headquartered in Juno Beach, Florida, NextEra Energy trades on the New York Stock Exchange. The company operates through two distinct business segments that together represent a unique combination of regulated utility operations and competitive clean energy generation.
Florida Power & Light Company (FPL)
FPL serves as the regulated utility segment and ranks among the largest rate-regulated electric utilities in the United States. The subsidiary provides electricity to millions of customer accounts across Florida, operating an extensive infrastructure network that includes transmission lines, substations, and power generation facilities. FPL generates electricity through a diverse fuel mix that includes natural gas, nuclear power, and an expanding solar portfolio. The utility benefits from Florida population growth and economic development, which drives consistent demand for electricity services.
NextEra Energy Resources (NEER)
NextEra Energy Resources operates as the competitive clean energy business and holds the distinction of being the world's largest generator of renewable energy from wind and solar sources. NEER develops, constructs, and operates renewable energy projects across North America, selling electricity through long-term power purchase agreements with utilities, corporations, and governmental entities. The subsidiary's portfolio spans wind farms, solar installations, and battery storage facilities distributed across dozens of states and Canadian provinces. NEER also operates nuclear power plants and natural gas facilities that complement its renewable energy assets.
Business Model and Revenue Generation
NextEra Energy generates revenue through two complementary channels. The regulated utility segment earns returns approved by the Florida Public Service Commission, providing stable and predictable cash flows. The competitive segment generates revenue by selling electricity at contracted rates, typically through power purchase agreements spanning decades. This dual structure balances the stability of regulated utility returns with the growth potential of renewable energy development.
Market Position in Clean Energy
The company has built the largest wind and solar generation portfolio of any company in the world, measured by megawatts of installed capacity. This scale provides significant advantages in equipment procurement, project development expertise, and operational efficiency. NextEra Energy continues expanding its renewable footprint by developing new wind, solar, and battery storage projects, positioning the company at the center of the ongoing energy transition toward cleaner power sources.
Nuclear Power Operations
NextEra Energy operates multiple nuclear power plants that provide carbon-free baseload electricity. Nuclear generation represents a significant portion of the company's total power output, contributing to both reliability and environmental objectives. The nuclear fleet includes facilities in Florida under FPL and additional plants operated by NEER in other states.
Corporate Structure and Strategy
As a holding company, NextEra Energy provides capital allocation, strategic planning, and shared services to its subsidiaries while allowing each business segment to operate with appropriate focus on its respective markets. The company structure enables investment in both regulated infrastructure serving Florida customers and competitive renewable energy projects across North America.