NextEra Energy, Inc., through its subsidiaries, operates as an electric power company in North America. The company had approximately 46,400 megawatt(s) (MW) of generating capacity in 27 states in the U.S. and 4 provinces in Canada as of December 31, 2015. The company provides retail and wholesale electric services to approximately 5.3 million customers and owns generation, transmission, and distribution facilities to support its services, as well as has investments in gas infrastructure assets. It also provides risk management services related to power and gas consumption related to its own generation assets and for a limited number of wholesale customers in selected markets. The company owns and operates approximately 15% of the installed base of U.S. wind power production capacity and owns and/or operates approximately 9% of the installed base of U.S. utility-scale solar power production capacity as of December 31, 2015. The company also owns and operates nuclear power stations in the U.S., with eight reactors at five sites located in four states, representing approximately 6% of U.S. nuclear power electric generating capacity as of December 31, 2015. The company’s business strategy has emphasized 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 that engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. FPL, with 25,254 MW of generating capacity at December 31, 2015, supplies electric service throughout most of the east and lower west coasts of Florida, serving more than 9.5 million people through approximately 4.8 million customer accounts. FPL holds 179 franchise agreements with various municipalities and counties in Florida with varying expiration dates through 2046. 2 franchise agreements expire in 2017 and 177 expire during the period 2018 through 2046. These franchise agreements cover approximately 88% of FPL's retail customer base in Florida. FPL also provides service to 12 other municipalities and to 21 unincorporated areas within its service area without franchise agreements pursuant to the general obligation to serve as a public utility. FPL relies upon Florida law for access to public rights of way. 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, 2015, 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 21,766 MW of generating capacity for FPL. Nuclear Operations: As of December 31, 2015, FPL owned, or had undivided interests in, and operated various four nuclear units with a total net generating capacity of 3,453 MW. Solar Operations: As of December 31, 2015, FPL owned and operated two solar PV generation facilities, which provided a total of 35 MW of generating capacity, and a 75 MW solar thermal hybrid facility. FPL supports the advancement of solar generation primarily for its fuel diversity and emissions reduction benefits, and plans to continue to support, study and pursue solar generation that is beneficial for FPL's customers. FPL is in the process of building three solar PV 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, 2015, FPL's long-term purchased power agreements provided for the purchase of approximately 819 MW of power with expiration dates ranging
nextera energy inc
(NEE:New York Consolidated)
700 Universe Boulevard
Juno Beach, FL 33408
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