Nextera Energy INC 8-K Filing

Ticker: NEE-PV · Form: 8-K · Filed: Nov 20, 2025 · CIK: 753308

Sentiment: neutral

Filing Stats: 2,517 words · 10 min read · ~8 pages · Grade level 20 · Accepted 2025-11-20 16:49:08

Key Financial Figures

Filing Documents

01 Other Events

Item 8.01 Other Events On November 20, 2025, the Florida Public Service Commission (FPSC) voted to approve a stipulation and settlement agreement between Florida Power & Light Company (FPL) and ten of the 13 intervenor groups in FPL's base rate proceeding (2025 rate agreement), which resolves all matters in FPL's base rate proceeding. Key elements of the 2025 rate agreement, which will be effective from January 2026 through at least December 2029, include the following: New retail base rates and charges would be established resulting in the following increases in annualized retail base revenues: $945 million beginning January 1, 2026; and $705 million beginning January 1, 2027. In addition, FPL would receive, subject to conditions specified in the 2025 rate agreement, base rate increases associated with solar generation projects that enter service in 2027, 2028, and 2029 and battery storage projects that enter service in 2028 and 2029 through a Solar and Battery Base Rate Adjustment (SoBRA) mechanism. FPL would be required to demonstrate either a specified economic or resource/reliability need for these projects. FPL's authorized regulatory return on common equity (regulatory ROE) would be 10.95%, with a range of 9.95% to 11.95%. If FPL's earned regulatory ROE were to fall below 9.95%, FPL could seek retail base rate relief. If the earned regulatory ROE were to rise above 11.95%, any party with standing could seek a review of FPL's retail base rates. FPL's authorized regulatory capital structure would reflect a 59.6% equity ratio, consistent with prior base rate cases. FPL would be authorized to implement a rate stabilization mechanism (RSM) over the term of the 2025 rate agreement that would be comprised of: 1) up to $1.155 billion of certain deferred tax liabilities related to repairs and mixed service costs, 2) any balance remaining related to FPL's existing reserve amortization mechanism as of January 1, 2026, and 3) investment tax credit amortizatio

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized. Date: November 20, 2025 NEXTERA ENERGY, INC. (Registrant) WILLIAM J. GOUGH William J. Gough Vice President, Controller and Chief Accounting Officer FLORIDA POWER & LIGHT COMPANY (Registrant) KEITH FERGUSON Keith Ferguson Vice President, Accounting, Financial Planning and Controller 5

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