NextEra Energy (NEE) Investor presentation summary

Strategic positioning and scale

• Enterprise value of approximately $300 billion and ~80 GW in operations, making it the largest electric utility and energy infrastructure developer in the U.S.

• Operates across all major energy forms: electric, gas, renewables, storage, and nuclear, with leading positions in each.

• World-class supply chain secures battery and solar panel supply through 2029, with 1.5x inventory coverage on renewable projects.

• Majority of wind components sourced domestically, and partnerships with GE Vernova for gas turbine capacity.

Growth drivers and investment outlook

• Over 12 identified growth channels, including large load, transmission, renewables, storage, gas, nuclear, PPA recontracting, and AI.

• FPL serves over 6 million customer accounts with ~37 GW in operation and a stable regulatory environment.

• FPL's rate settlement ensures low bills and supports infrastructure investment, with a 2% average annual bill increase from 2025-2029.

• FPL is in advanced discussions for ~9 GW of large load development, with protective contract features.

Renewables, storage, and transmission expansion

• NextEra Energy Resources operates ~43 GW of generation and storage, with a ~30 GW renewables and storage backlog.

• NEET has a $25B+ pipeline of competitive and greenfield transmission opportunities.

• Regulated and invested capital in electric and gas transmission expected to grow at >20% CAGR through 2032.

• Renewables and storage business expected to triple in size over the next several years.