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Company Description

Contact Info

700 Universe Boulevard

Juno Beach, FL 33408

United States

Phone: 561-694-4000


NextEra Energy, Inc., through its subsidiaries, operates as an electric power company in North America. The company had approximately 42,500 MW of generating capacity in 26 states in the U.S. and 4 provinces in Canada, as of December 31, 2013. The company provides retail and wholesale electric services to approximately five 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. Strategy The company’s business strategy emphasizes on the development, acquisition and operation of renewable, nuclear and natural gas-fired generation facilities in response to long-term federal policy trends supportive of zero and low air emissions sources of power. Subsidiaries Florida Power & Light Company (FPL) FPL is a rate-regulated electric utility engaged primarily in the generation, transmission, distribution and sale of electric energy in Florida. FPL is vertically integrated, with approximately 24,300 MW (megawatt) of generating capacity, as of December 31, 2013. Fossil Operations (Natural Gas, Coal and Oil): As of December 31, 2013, FPL owned and operated 71 units that used fossil fuels, primarily natural gas, and had a joint ownership interest in 3 coal units. Combined, the fossil fleet provided 20,785 MW of generating capacity for FPL. Nuclear Operations: As of December 31, 2013, FPL owned, or had undivided interests in, and operated four nuclear units with a total net generating capacity of 3,453 MW. Solar Operations: As of December 31, 2013, FPL owned and operated two PV solar generating facilities, which provided a total of 35 MW of generation capacity, and a 75 MW solar thermal hybrid facility. Purchased Power: FPL purchases electricity from non-utility generators and other utilities to meet customer demand through long- term and short-term purchased power agreements. FPL Energy Marketing and Trading FPL's Energy Marketing & Trading division (EMT) buys and sells wholesale energy commodities, such as natural gas, oil and electricity. EMT procures natural gas and oil for FPL's use in power generation and sells excess natural gas, oil and electricity. EMT also uses derivative instruments (primarily swaps, options and forwards) to manage the commodity price risk inherent in the purchase and sale of fuel and electricity. Regulation: FPL's operations are subject to regulation by a number of federal, state and other organizations, including the following: the Florida Public Service Commission (FPSC), which has jurisdiction over retail rates, service territory, issuances of securities, planning, siting and construction of facilities; the U.S. Federal Energy Regulatory Commission (FERC), which oversees the acquisition and disposition of generation, transmission and other facilities; the North American Electric Reliability Corporation (NERC), which, through its regional entities, establishes and enforces mandatory reliability standards; the U.S. Nuclear Regulatory Commission (NRC), which has jurisdiction over the operation of nuclear power plants through the issuance of operating licenses, rules, regulations and orders; and the U.S. Environmental Protection Agency (EPA), which has the responsibility to maintain and enforce national standards under various environmental laws. NextEra Energy Resources, LLC (NEER) NEER is a wholesale generator of electric power in the U.S. with approximately 18,300 MW of generating capacity, as of December 31, 2013. NEER produces the majority of its electricity from and renewable sources, including wind and solar. NEER 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. NEER's operations also include the gas infrastructure business and the customer supply and proprietary power and gas trading busines


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