NextEra Energy Files 2024 Annual Report

Ticker: NEE-PV · Form: 10-K · Filed: Feb 14, 2025 · CIK: 753308

Sentiment: neutral

Topics: annual-report, sec-filing, utilities

Related Tickers: NEE.PRR, NEE.PRS, NEE.PRT

TL;DR

NEE filed its 2024 10-K. All good. Check it for deets.

AI Summary

NextEra Energy, Inc. (NEE) filed its annual report for the fiscal year ended December 31, 2024. The filing covers NextEra Energy, Inc. and its subsidiary Florida Power & Light Company. Both entities are well-known seasoned issuers and have filed all required reports for the preceding 12 months and the past 90 days. The report details securities registered on the New York Stock Exchange, including common stock and various corporate units.

Why It Matters

This 10-K filing provides a comprehensive overview of NextEra Energy's financial performance and operational status for the fiscal year 2024, crucial for investors assessing the company's health and future prospects.

Risk Assessment

Risk Level: low — The filing indicates NextEra Energy and Florida Power & Light are well-known seasoned issuers and have met all filing requirements, suggesting a stable and compliant reporting status.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this Form 10-K filing?

The primary purpose is to provide an annual report for the fiscal year ended December 31, 2024, detailing the financial and operational status of NextEra Energy, Inc. and Florida Power & Light Company.

Are NextEra Energy and Florida Power & Light Company considered well-known seasoned issuers?

Yes, the filing explicitly indicates that both NextEra Energy, Inc. and Florida Power & Light Company are well-known seasoned issuers.

Which stock exchange are NextEra Energy's common stocks registered on?

NextEra Energy, Inc.'s Common Stock, $0.01 Par Value, is registered on the New York Stock Exchange under the trading symbol NEE.

Has NextEra Energy met its filing requirements for the past 12 months?

Yes, the filing indicates that NextEra Energy, Inc. has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

What is the principal executive office address for NextEra Energy, Inc.?

The principal executive offices of NextEra Energy, Inc. are located at 700 Universe Boulevard, Juno Beach, Florida 33408.

Filing Stats: 4,497 words · 18 min read · ~15 pages · Grade level 15 · Accepted 2025-02-14 14:23:43

Key Financial Figures

Filing Documents

Forward-Looking Statements

Forward-Looking Statements 3 PART I Item 1.

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 21 Item 1B. Unresolved Staff Comments 34 Item 1C. Cybersecurity 34 Item 2.

Properties

Properties 35 Item 3.

Legal Proceedings

Legal Proceedings 35 Item 4. Mine Safety Disclosures 35 PART II Item 5. Market for Registrants' Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 35 Item 6. R e served 36 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 37 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 56 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 57 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 114 Item 9A.

Controls and Procedures

Controls and Procedures 114 Item 9B. Other Information 114 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 114 PART III Item 10. Directors, Executive Officers and Corporate Governance 115 Item 11.

Executive Compensation

Executive Compensation 115 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 115 Item 13. Certain Relationships and Related Transactions, and Director Independence 115 Item 14. Principal Account ant Fees and Services 116 PART IV Item 15. Exhibits and Financial Statement Schedules 117 Item 16. Form 10-K Summary 125

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This report includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, strategies, future events or performance (often, but not always, through the use of words or phrases such as may result, are expected to, will continue, is anticipated, believe, will, could, should, would, estimated, may, plan, potential, future, projection, goals, target, outlook, predict and intend or words of similar meaning) are not statements of historical facts and may be forward looking. Forward-looking statements involve estimates, assumptions and uncertainties. Accordingly, any such statements are qualified in their entirety by reference to, and are accompanied by, important factors included in Part I, Item 1A. Risk Factors (in addition to any assumptions and other factors referred to specifically in connection with such forward-looking statements) that could have a significant impact on NEE's and/or FPL's operations and financial results, and could cause NEE's and/or FPL's actual results to differ materially from those contained or implied in forward-looking statements made by or on behalf of NEE and/or FPL in this combined Form 10-K, in presentations, on their respective websites, in response to questions or otherwise. Any forward-looking statement speaks only as of the date on which such statement is made, and NEE and FPL undertake no obligation to update any forward-looking statement to reflect events or circumstances, including, but not limited to, unanticipated events, after the date on which such statement is made, unless otherwise required by law. New factors emerge from time to time and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may caus

Business

Item 1. Business OVERVIEW NEE is one of the largest electric power and energy infrastructure companies in North America and a leader in the renewable energy industry. At December 31, 2024, NEE had approximately 72 gigawatts of net generation and storage capacity from a diverse portfolio of assets, primarily including natural gas, wind, solar and nuclear generation facilities and battery storage facilities. NEE has two principal businesses, FPL and NEER. FPL is the largest electric utility in the state of Florida and one of the largest electric utilities in the U.S. FPL's strategic focus is centered on investing in generation, transmission and distribution facilities to deliver on its value proposition of keeping customer bills as low as possible and delivering high reliability, outstanding customer service and energy from diverse generation sources for the benefit of its more than six million customer accounts. NEER is the world's largest generator of renewable energy from the wind and sun, as well as a world leader in battery storage capacity. NEER's strategic focus is centered on the development, construction and operation of long-term contracted assets throughout the U.S. and Canada, primarily renewable generation facilities, and electric transmission facilities, as well as providing other energy solutions to its customers. As described in more detail in the following sections, NEE seeks to create value in its two principal businesses by meeting its customers' needs more economically and more reliably than its competitors. NEE's strategy has resulted in profitable growth over sustained periods at both FPL and NEER. Management seeks to grow each business (see Note 15 – Commitments) in a manner consistent with the varying opportunities available to it; however, management believes that the diversification and balance represented by FPL and NEER is a valuable characteristic of the enterprise and recognizes that each business contributes to NEE's financial stre

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