NextEra Energy

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NextEra Energy
Public
Traded as NYSENEE
Dow Jones Utility Average Component
Industry Electric Utilities
Founded 1925
Headquarters Juno Beach, Florida, United States
Area served
United States & Canada
Key people
James L. Robo Chairman & CEO, Armando Pimentel, President and CEO, NEER
Products Electricity
Revenue IncreaseUS$ 17.0 billion (FY 2014)[1]
IncreaseUS$ 4.4 billion (FY 2014)[1]
IncreaseUS$ 2.5 billion (FY 2014)[1]
Total assets IncreaseUS$ 74.9 billion (FY 2014)[1]
Total equity IncreaseUS$ 19.9 billion (FY 2014)[1]
Number of employees
13,800[2]
Divisions Florida Power & Light
NextEra Energy Resources
FPL Fibernet
NextEra Energy Partners
Website www.nexteraenergy.com

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.[2][3] 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.[citation needed]
  • 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.
  • 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.[citation needed]

In 2011, NEE was listed by Fortune Magazine as the most admired company in the industry of electric and gas utilities.[4]

On December 4, 2014, NEE announced its plans to purchase Hawaiian Electric Industries for $4.3 billion[5] "in a bet it can reduce the nation’s highest rates by using more renewable energy."

In the news[edit]

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.[6]

In 2015, NextEra donated $1 million to a Super PAC supporting Jeb Bush's presidential candidacy.[7]

References[edit]

  1. ^ a b c d e "NextEra Energy, Inc. (NEE)". Yahoo! Finance. 
  2. ^ a b NEE: Our Company (url), NextEra Energy, 2014 
  3. ^ "Fortune 500 2014". CNN Money. Rank 191 on "Full List". Retrieved 10 July 2014. 
  4. ^ "NextEra Energy". World's Most Admired Companies. CNN Money. Retrieved 26 December 2011. 
  5. ^ "NextEra Buys Hawaii's Biggest Utility in Green Energy Test". Bloomberg L.P. Retrieved 5 December 2014. 
  6. ^ "U.S. Companies That Paid the Least Taxes". Bloomberg. Retrieved 2015-05-08. 
  7. ^ "Million-Dollar Donors in the 2016 Presidential Race". New York Times. 25 August 2015. Retrieved 14 October 2015. 

External links[edit]