Summary
NextEra Energy, Inc. (NEE) is a major electric power company in North America, distinguishing itself as a leader in renewable energy generation, primarily wind and solar. As of December 31, 2010, the company had a diverse generating capacity across natural gas, wind, nuclear, and fossil fuels, with a significant geographic footprint spanning 28 states and Canada. Its operations are structured around two primary subsidiaries: Florida Power & Light (FPL), a rate-regulated utility serving Florida, and NextEra Energy Resources, its competitive energy segment focused on clean and renewable energy. For the fiscal year ended December 30, 2010, NextEra Energy reported strong financial performance, with net income of $1.96 billion and earnings per share of $4.74 (diluted). FPL's operations benefited from customer growth and rate adjustments approved by the FPSC, while NextEra Energy Resources continued its expansion in wind and solar, supported by public policy incentives. The company's robust capital expenditure plan reflects a commitment to growth, particularly in renewable energy infrastructure and capacity enhancements across its generation fleet.
Financial Highlights
47 data points| Revenue | $15.32B |
| Operating Expenses | $12.09B |
| Operating Income | $3.23B |
| Net Income | $1.96B |
| EPS (Basic) | $1.19 |
| EPS (Diluted) | $1.19 |
| Shares Outstanding (Basic) | 1.64B |
| Shares Outstanding (Diluted) | 1.65B |
Key Highlights
- 1NextEra Energy is a leading electric power company with nearly 43,000 MW of generating capacity, diversified across natural gas (53%), wind (19%), nuclear (13%), and other sources, as of December 31, 2010.
- 2The company is the U.S. leader in renewable energy generation, with a significant focus on wind and solar projects.
- 3FPL, the largest electric utility in Florida, serves over 8.7 million people and achieved 99.98% service reliability in 2010, with a generation mix 78% from natural gas and nuclear.
- 4NextEra Energy Resources operates 18,866 MW of generating assets across 26 states and Canada, with 44% from wind and 35% from natural gas.
- 5The company demonstrated financial strength with net income of $1.96 billion and diluted EPS of $4.74 for the year ended December 30, 2010.
- 6A key regulatory development for FPL was the 2010 rate agreement, effective through December 31, 2012, which froze retail base rates and established a regulatory ROE of 10.0% +/- 100 basis points.
- 7NextEra Energy Resources has a substantial growth plan, aiming to add 3,500-5,000 MW of new wind generation and 400-600 MW of new solar generation between 2010 and 2014.