NEXTERA ENERGY INC Annual Report, Year Ended Dec 31, 2023

NextEra Energy, Inc. (NEE) reported a strong financial performance for the year ended December 31, 2023, driven by robust results from both its primary segments: Florida Power & Light Company (FPL) and NextEra Energy Resources (NEER). FPL, Florida's largest electric utility, saw its net income increase significantly due to investments in its infrastructure and a gain from the sale of its Florida City Gas business. NEER, a leader in renewable energy generation, also experienced substantial growth, largely attributed to favorable non-qualifying hedge activities, new clean energy investments, and reduced impairment charges. The company's overall net income attributable to NEE reached $7.31 billion, a notable increase from the previous year, reflecting successful operational execution and strategic growth initiatives across its diversified portfolio. NEE's strategic focus on expanding its clean energy footprint, particularly through NEER's development of wind, solar, and battery storage projects, continues to be a key growth driver, supported by favorable policy incentives like the Inflation Reduction Act. FPL's regulated utility operations provide a stable, cash-generating foundation, benefiting from consistent customer growth and ongoing investments in grid modernization and clean energy generation. With substantial liquidity and a strong credit rating, NEE is well-positioned to fund its capital expenditure plans and continue delivering value to shareholders, including a recent increase in its quarterly common stock dividend.