NextEra Energy Inc was incorporated in 1984 under the laws of Florida. The Company through its wholly owned subsidiary Florida Power & Light Company is an electric power company in North America, with approximately 46,400 MW of generating capacity in 27 states in the U.S. and 4 provinces in Canada. The Company provides retail and wholesale electric services to nearly 5.3 million customers and owns generation, transmission and distribution facilities to support its services. It also purchases electric power for resale to its customers and provides risk management services related to power and gas consumption for a limited number of wholesale customers in selected markets. It is a generator in North America of renewable energy from the wind and sun. It owns and operates approximately 15% of the installed base of U.S. wind power production capacity and owns and/or operates approximately 9% of the installed base of U.S. utility-scale solar power production capacity. It also owns and operates fleets of nuclear power stations in the U.S., with eight reactors at five sites located in four states, representing approximately 6% of U.S. nuclear power electric generating capacity. The Company conducts its operations through two wholly-owned subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). NextEra Energy Capital Holdings, Inc. (NEECH), another wholly-owned subsidiary of the Company, owns and provides funding for NEER's and the Company's other operating subsidiaries, other than FPL and its subsidiaries. The Company's two principal businesses also constitute the Company's reportable segments. FPL is a rate-regulated electric utility engaged in the generation, transmission, distribution and sale of electric energy in Florida. NEER, with approximately 21,000 MW of generating capacity is a wholesale generator of electric power in the U.S., with nearly 20,120 MW of generating capacity across 25 states, and with approximately 920 MW in 4 Canadian provinces. NEER produces the electricity from clean and renewable sources, including wind and solar; and also provides full energy and capacity requirements services, engages in power and gas marketing and trading activities, participates in natural gas, natural gas liquids and oil production and pipeline infrastructure development and owns a retail electricity provider. NEECH's other business activities are conducted through NEET and FPL FiberNet. NEET conducts its operations through two wholly-owned subsidiaries, Lone Star, a rate-regulated transmission service provider in Texas, and NHT, a rate-regulated transmission owner in New Hampshire. FPL FiberNet delivers wholesale and enterprise telecommunications services in Florida, Texas and certain areas of the South Central U.S.
Benzinga is a fast-growing, dynamic and innovative financial media outlet that empowers investors with high-quality, unique content.