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Last $102.23 USD
Change Today +0.07 / 0.07%
Volume 1.4M
NEE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

700 Universe Boulevard

Juno Beach, FL 33408

United States

Phone: 561-694-4000

Fax:

NextEra Energy, Inc., through its subsidiaries, operates as an electric power company in North America. The company had approximately 44,900 megawatt(s) (MW) of generating capacity in 27 states in the U.S. and 4 provinces in Canada as of December 31, 2014. The company provides retail and wholesale electric services to approximately 5 million customers and owns generation, transmission, and distribution facilities to support its services. The company also purchases electric power for resale to its customers and provides risk management services related to power and gas consumption related to its own generation assets and for various wholesale customers in selected markets. Subsidiaries Florida Power & Light Company (FPL) FPL is a rate-regulated electric utility that engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. FPL is vertically integrated, with approximately 25,100 MW of generating capacity as of December 31, 2014. FPL supplies electric service throughout majority of the east and lower west coasts of Florida, serving approximately 9 million people through approximately 4.7 million customer accounts. FPL holds 177 franchise agreements with various municipalities and counties in Florida with varying expiration dates through 2044. Power Delivery: FPL provides service to its customers through an integrated transmission and distribution system that links its generation facilities to its customers. FPL also maintains interconnection facilities with neighboring utilities and non-utility generators inside its service territory. Fossil Operations (Natural Gas, Coal, and Oil): As of December 31, 2014, FPL owned and operated 70 units that used fossil fuels, primarily natural gas; and had a joint ownership interest in 3 coal units. Combined, the fossil fleet provided 21,604 MW of generating capacity for FPL. Nuclear Operations: As of December 31, 2014, 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, 2014, FPL owned and operated two solar photovoltaic generating facilities, which provided a total of 35 MW of generation capacity, and a 75 MW solar thermal hybrid facility. FPL intends to build three solar photovoltaic projects that are expected to provide approximately 74 MW each and be placed into service by the end of 2016. Purchased Power: In addition to owning generation facilities, FPL purchases power and capacity from non-utility generators and other utilities to meet customer demand through long-term purchased power agreements. As of December 31, 2014, FPL's long-term purchased power agreements provided for the purchase of approximately 1,963 MW of power with expiration dates ranging from December 2015 through 2032. FPL Energy Marketing and Trading (EMT): FPL's EMT division 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. Strategy: A key element of FPL's strategy is to provide highly reliable service to its customers. Regulation: FPL's operations are subject to regulation by various federal, state, and other organizations, including but not limited to, the Florida Public Service Commission; the FERC (U.S. Federal Energy Regulatory Commission); the NERC (North American Electric Reliability Corporation); the U.S. Nuclear Regulatory Commission; and the EPA (U.S. Environmental Protection Agency). NextEra Energy Resources, LLC (NEER) NEER, with approximately 19,800 MW of generating capacity as of December 31, 2014, is a major wholesale generator of electric power in the U.S., with approximately 19,000 MW of generating capacity across 25 states, and with approximately 700 MW in 4 Canadian provinces. NEER produces the majority of its electricity from clean and renewable sources, including wind and

 

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Price/Sales 2.6x
Price/Book 2.2x
Price/Cash Flow 8.5x
TEV/Sales 0.9x
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