NextEra Energy, Inc. Profile pdf

Profile 2013Delivering For YouThe 43 giant wind turbines at NextEra Energy’s Mower Wind Energy Center in southeastern Minnesota can generate enough electricity to power 33,000 homes. The company is the largest generator in North America of renewable energy from the wind and sun.Cover photo by: Pedro PortalNextEra Energy Highlights (2012):Reconciliation of Adjusted Earnings Per Share to GAAP Earnings Per Share ENviroNMENTAl ATTribuTEsThe environmental or green attributes attributable to the electric generation from NextEra Energy facilities have been or likely will be sold or transferred to third parties, who are solely entitled to the reporting rights to all renewable energy credits, emissions reductions, offsets, allowances and the avoided emission of greenhouse gas pollutants that contribute to the actual or potential threat of altering the Earth’s climate by trapping heat in the atmosphere (collectively, “Environmental Attributes”). In disclosing the information herein, NextEra Energy is not claiming ownership of any Environmental Attributes for any purpose, including compliance with any federal or state law or reporting to any federal or state agency, or for any other present or future federal, state, local, international, foreign or voluntary emissions trading program.Next Era Energy was named No. 1 overall among electric and gas utilities on Fortune magazine’s 2013 list of the World’s Most Admired Companies. The company was named tops in its industry for an unprecedented seventh straight year. Only six other companies – Northwestern Mutual, General Electric, Procter & Gamble, Berkshire Hathaway, Walt Disney and Nestlé – have been named No. 1 in their industries longer than NextEra Energy has in the electric power sector. For the fourth straight year, NextEra Energy in 2012 was named to the Dow Jones Sustainability index (DJSI) of the leading companies in North America for corporate sustainability. The DJSI North America selects the top 20 percent of companies in sustainability performance from the 600 largest companies in North America.For an industry-record ninth consecutive year, Florida Power & Light Company (FPL) earned the ServiceOne Award, which is presented annually by PA Consulting Group. The honor is based on criteria that compare utilities across the United States and cover nearly all the areas typically found within utility customer service operations. Delivering LeadershipOperating revenues ........................................................................... $14.3 billion Net income .......................................................................................... $1.9 billion Earnings Per Share (assuming dilution) ....................................................... $4.56Adjusted Earnings Per Share (assuming dilution) ........................................ $4.57Cash Flows from Operating Activities .................................................. $4.0 billion Total Assets ...................................................................................... $64.4 billion Total Generating Capacity ...................................................................42,179 MWEmployees (year end) ................................................................................ 14,800 2011 2012Earnings Per Share (assuming dilution) $4.59 $4.56Adjustments: Net unrealized mark-to-market (gains) losses associated with non-qualifying hedges (0.45) 0.08Loss on sale of natural gas-fired generating assets 0.24 —Loss (income) from other than temporary impairment losses – net 0.01 (0.07)Adjusted Earnings Per Share $4.39 $4.57FORTUNE is a registered trademark of Time Inc. and is used under license. From FORTUNE Magazine, March 18, 2013 ©2013 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, Licensee.on the cover: Preparing for another day of safely maintaining wind turbines at the Mower Wind Energy Center in Mower County, Minn., are (left to right): wind technicians Brian Churchill, David Merritt and Edward Kellogg. NextEra Energy’s SO2 Emissions Rate* 94 Percent Lower than Industry AverageLbs per megawatt-hour 2012 Source for Electric Sector: U.S. Department of EnergyNextEra Energy’s NOx Emissions Rate* 77 Percent Lower than Industry AverageLbs per megawatt-hour 2012 Source for Electric Sector: U.S. Department of EnergyNextEra Energy’s CO2 Emissions Rate* 48 Percent Lower than Industry AverageLbs per megawatt-hour 2012 Source for Electric Sector: U.S. Department of EnergyNextEra Energy Power Generation* 2012Fuel Type MWhs % of TotalNatural Gas 100,883,004 58.9Nuclear 36,924,025 21.6Wind 25,795,610 15.1Coal 4,984,859 2.9Hydro 1,593,432 .9Solar 524,380 .3Oil 522,065 .3TOTAL 171,227,375 100*See inside front cover for discussion of Environmental Attributes. Excludes purchased power.1 See inside front cover for Reconciliation of Adjusted Earnings per Share to GAAP Earnings per Share.NextEra Energy Total Installed Capacity* Megawatts2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 201224,89130,097 30,46032,830 34,32437,678 39,01542,678 42,588 41,066 42,179* NextEra Energy’s 2010 through 2012 generating capacity summary includes certain plant assets either retired for modernization or soldNextEra Energy, Inc. (NYSE: NEE) is a leading clean-energy company with 2012 consolidated revenues of approximately $14.3 billion, more than 42,000 megawatts (MW) of generating capacity, and nearly 15,000 employees in 26 states and Canada as of year-end 2012. Headquartered in Juno Beach, Fla., NextEra Energy’s principal subsidiaries are Florida Power & Light Company (FPL), which serves approximately 4.6 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC which, together with its affiliated entities (NextEra Energy Resources), is the largest generator in North America of renewable energy from the wind and sun. Through its subsidiaries, NextEra Energy also generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. In the five years through 2012, NextEra Energy has invested more than $31 billion in capital projects. These investments, in turn, delivered jobs that are a key ingredient for economic growth and prosperity. NextEra Energy also makes tax payments to counties and municipalities around the nation that help fund local needs such as education, health care and emergency services. Delivering Strong Financial Performance » Achieved record adjusted earnings per share1 of $4.57 in 2012 - a 4.1 percent increase over 2011 » Generated a total shareholder return over the 10 years ended Dec. 31, 2012 of 228 percent, compared with 170 percent for the S&P 500 Utilities Index » Ranked 172 on the 2012 Fortune 500, the annual ranking of America’s largest corporationsDelivering Clean Energy » No. 1 wind energy generator in the United States » A leading generator of solar power in the United States » One of the lowest emissions profiles among U.S. electric power companies » FPL’s demand-side management programs have saved the company from having to build 14 medium-sized power plants since 1981 PROFILE 1NextEra Energy, Inc.Delivering Strong Performance 94%LessU.S. Electric Sector AverageNextEraEnergyNextEra Energy2.04.13 77%LessU.S. Electric Sector AverageNextEraEnergyNextEra Energy1.01.23 48%LessU.S. Electric Sector AverageNextEraEnergyNextEra Energy6001,155 94%LessU.S. Electric Sector AverageNextEraEnergyNextEra Energy2.04.13 77%LessU.S. Electric Sector AverageNextEraEnergyNextEra Energy1.01.23 48%LessU.S. Electric Sector AverageNextEraEnergyNextEra Energy6001,155 94%LessU.S. Electric Sector AverageNextEraEnergyNextEra Energy2.04.13 77%LessU.S. Electric Sector AverageNextEraEnergyNextEra Energy1.01.23 48%LessU.S. Electric Sector AverageNextEraEnergyNextEra Energy6001,155 Profile2FPL is the largest rate-regulated electric utility in Florida and one of the largest in the United States. FPL serves approximately 4.6 million customer accounts in Florida and is a leading employer in the state with approximately 10,000 employees. Most Affordable Electric Service in Florida Because we have invested in smart, cost- efficient technologies and worked hard to keep operating costs down, FPL’s typical residential customer bills continued to be the lowest of the state’s 55 electric utilities in 2012, and 26 percent lower than the latest national average. Our business customers also had lower-than-average bills. Since 2006, FPL’s typical residential customer bill has decreased 13 percent as a result of investments in more efficient power generation, the beneficial impact of lower fuel prices, and the company’s strong cost controls. We have improved the fuel efficiency of FPL’s fossil power plant fleet by 20 percent since 2001. Our fossil fleet uses an average of 7,669 British Thermal Units (BTUs) of heat from fuel to produce one kilowatt-hour (kWh) of electricity, or approximately 24 percent less than the fossil industry average of 10,040 BTUs in 2011, the latest data available. Since 2001 alone, FPL’s investments in making its power plants more efficient have saved its customers an estimated $6 billion in fuel costs.The Best Reliability in the State FPL continued to deliver reliable service to its 4.6 million customers in 2012, achieving its best-ever overall reliability performance as measured by the System Average Interruption Duration Index (SAIDI) – which measures the average time a customer is without power. In addition, FPL’s reliability was the best among Florida investor-owned utilities during the five years ended in 2012. One of the Cleanest Utilities FPL uses a diverse mix of fuels at its power plants to generate reliable electricity and has one of the lowest emissions profiles among U.S. utilities. In 2012, 78 percent of the electricity generated by FPL was produced from clean natural gas. Nuclear power, which produces no greenhouse gas emissions, was responsible for another 16 percent of power production. FPL also operates three commercial-scale solar generation facilities in the Sunshine State.A Leader in Demand-Side Management Since FPL launched its first demand-side management (DSM) program in 1981, the company has avoided the need to build 14 medium-sized power plants, more than all but one other utility in the country. Florida Power & Light CompanyDelivering Affordable, Reliable, Clean EnergylEgENd: Natural Gas Nuclear Solar Oil Other Modernization in Progessn Service Area (FPL serves all or part of these counties)FPL Power GenerationAs of May 1, 2013 Units Fuel Net Capacity (MW)Turkey Point 5 Nuclear/Gas/Oil 3,554St. Lucie* 2 Nuclear 1,827Manatee 3 Oil/Gas 2,732Fort Myers 3 Gas/Oil 1,747Desoto 1 Solar 25Lauderdale 2 Gas/Oil 884Port Everglades1 Currently Under ModernizationRiviera1 Currently Under ModernizationMartin 5 Gas/Oil/Solar 3,7312Cape Canaveral 1 Gas/Oil 1,210Sanford 2 Gas 1,946Putnam 2 Gas/Oil 498St. Johns River* 2 Coal/Petroleum Coke 254West County 3 Gas/Oil 3,657Space Coast 1 Solar 10Scherer (in Ga.)* 1 Coal 643Gas Turbines 48 Gas/Oil 1,908FPL Generation Resources (subtotal) 24,626Purchased Power 1,944System Total 26,5701 These units were removed from service for modernization: Riviera in January 2011 and Port Everglades in January 2013.2 The MWs generated by the 75-MW Martin solar-thermal facility replace steam produced by the Martin combined-cycle unit and therefore are not incremental.* Represents FPL’s net ownership interest in warm weather peaking capability; St. Lucie nuclear: 100 percent of Unit 1, 85 percent of Unit 2; St. Johns River: 20 percent of each of two units; Scherer: 76 percent of Unit 4. profile 3FPL’s SO2 Emissions Rate 91 Percent Lower than Industry AverageLbs per megawatt-hour 2012 Source for Electric Sector: U.S. Department of EnergyFPL’s NOx Emissions Rate 67 Percent Lower than Industry AverageLbs per megawatt-hour 2012 Source for Electric Sector: U.S. Department of EnergyFPL’s CO2 Emissions Rate 29 Percent Lower than Industry AverageLbs per megawatt-hour 2012 Source for Electric Sector: U.S. Department of Energy 67%Less1.01.33 29%Less1,155820 91%Less2.04.19U.S. Electric Sector AverageFlorida Power & Light CompanyU.S. Electric Sector AverageFlorida Power & Light CompanyU.S. Electric Sector AverageFlorida Power & Light Company 67%Less1.01.33 29%Less1,155820 91%Less2.04.19U.S. Electric Sector AverageFlorida Power & Light CompanyU.S. Electric Sector AverageFlorida Power & Light CompanyU.S. Electric Sector AverageFlorida Power & Light Company 67%Less1.01.33 29%Less1,155820 91%Less2.04.19U.S. Electric Sector AverageFlorida Power & Light CompanyU.S. Electric Sector AverageFlorida Power & Light CompanyU.S. Electric Sector AverageFlorida Power & Light CompanyThese programs help residential and business customers reduce their energy consumption and save energy and money on their monthly electric bill. Through 2012 the company has: » Performed over 3 million residential home energy surveys; » Enrolled more than 800,000 residential customers in its load-management program, On Call®; » Conducted 178,000 business energy evaluations; » Provided 1.5 million rebates for high-efficiency air-conditioning systems; and » Installed upgraded lighting systems for over 20,000 business customers and high-efficiency air-conditioning systems for nearly 17,000 business customers. In 2011, the most recent year for which data are available, FPL avoided more than four times the electricity through energy efficiency than would be expected for a utility its size. That year, FPL accounted for 2 percent of the country’s peak electricity demand, yet was responsible for 9 percent of the electric demand avoided through energy efficiency. Delivering Modernized Power PlantsFPL’s investments in recent years to modernize its power plant fleet - phasing out older, oil-fired units with cleaner, more efficient natural gas-fired generating capacity - are helping keep FPL’s typical customer bill the lowest in the state. FPL is currently investing to modernize three old, oil and gas-fired power plants into high-efficiency natural gas energy centers that will be approximately 33 percent more efficient and 90 percent cleaner than the facilities they replace. The three new plants being built are projected to effectively pay for themselves over their operational lifetimes with more than $1 billion in net customer savings compared with any other available generation options to meet future needs. The net customer savings reflect the expected savings from the plants’ advanced fuel efficiency. Over the past decade, FPL has reduced its use of oil by 98 percent by investing in new, highly efficient power plants that use clean, U.S.-produced natural gas as a fuel to produce electricity. In 2001, FPL used more than 40 million barrels of imported oil to power customers; in 2012, the company used less than one million barrels.Cape Canaveral and Riviera Beach - The iconic 1960s-era stacks at the company’s Cape Canaveral power plant in Cocoa, Fla., were taken down in August 2010, and FPL’s Riviera Beach power plant was demolished in June 2011. These demolitions cleared the way for construction of FPL’s Cape Canaveral Next Generation Clean Energy Center, which was commissioned in late FPL’s Typical Residential Customer Bill Is 26 Percent Below the National Average 26%LessFPL2Fla. Average2U.S. Average1$128.29 $124.51$94.751 Based on a typical 1,000 kWh residential bell as reported in the Edison Electric Institute (EEI) Typical Bills and Average Rates Report for Summer 2012. 2 Average of typical 1,000 kWh January through December 2012 monthly bill data compiled from the Florida Public Service Commission, Florida Municipal Electric Association, Reedy Creek Improvement District, Florida Electric Cooperatives Association and Jacksonville Electric Authority.Cost Changes 2006 - 2013Based on FPL’s typical 1,000-kWh residential customer bill and Consumer Price Index data for gasoline, medical care and food, January 2006 vs. January 2013.FPL Power Generation* 2012Fuel Type MWhs % of TotalNatural Gas 80,470,112 78.2Nuclear 16,920,786 16.4Coal 4,893,700 4.8Oil 466,099 0.5Solar 159,268 0.2TOTAL 102,909,964 100*** Certain power plants owned by FPL generate renewable energy attributes, and those renewable attributes are for the benefit of FPL customers. ** Reflects rounding.Excludes purchased power.Food21%Increasegasoline48%IncreaseMedicalCare27%IncreaseFPl bill13%Decrease Profile4April 2013, more than a month ahead of schedule; and FPL’s Riviera Beach Next Generation Clean Energy Center, slated for June 2014. When completed, this combined investment of more than $2 billion will produce enough power for approximately 500,000 homes and businesses, using about 33 percent less fuel per megawatt of power generated. Port Everglades – FPL also has been moving forward in modernizing its 1960s-era Port Everglades power plant in Broward County into a high-efficiency, natural gas-fired energy center. The plant’s four 350-foot stacks are scheduled to be demolished in the summer of 2013, and the plant is expected to be in service by June 2016. Once operational, the new energy center is expected to produce about 1,280 MW of power, which is enough electricity for about 260,000 FPL customers. Major technological advances in fuel efficiency, environmental performance and reliability will benefit customers for decades.Delivering Additional Nuclear Power CapacityFPL in 2013 completed a multi-billion dollar upgrade of its St. Lucie and Turkey Point nuclear plants to expand their combined generating capacity by more than 500 MW, which is the equivalent of building a new medium-sized power plant. Over the operating lifetime of this added capacity, FPL customers are expected to save billions of dollars in fossil fuel costs. In addition, FPL is also pursuing the licenses for two new nuclear units at the existing Turkey Point site. FPL projects these units would save customers approximately $58 billion in fossil fuel costs over their lifetimes.Investing in the Smart Grid FPL’s smart grid investments include the installation of more than 10,000 intelligent devices on the electric grid, enhancements to centers that monitor the performance of the grid, and the installation of about 4.5 million smart meters for residential and business customers. These advanced technologies are already enabling important customer benefits, while laying the foundation for additional benefits in the future. A Leading “Green” Vehicle FleetFPL also has one of the largest “green” vehicle fleets in the nation. It was the first company in the United States to put a medium-duty hybrid bucket truck into service in 2006. All told, it has nearly 1,750 biodiesel-powered vehicles and more than 500 hybrid and plug-in electric vehicles on the road.FPL Average Monthly Energy Usage Per Customer (kWh) Year Residential Commercial Industrial2012 1,099 7,362 28,821 2011 1,131 7,390 29,5912010 1,173 7,372 29,269FPL All-Time Peak Customer Demand Season Date MWSummer Aug. 17, 2005 22,361Winter Jan. 11, 2010 24,346FPL Total Installed CapacityMegawatts17,6412002 2003 2004 2005 2006 2007 2008 2009 2010 2011 201219,056 18,94020,777 20,98122,08724,53023,72224,460 24,05722,135 profile 5As North America’s leading producer of renewable energy from the wind and the sun, NextEra Energy Resources had a portfolio of facilities with 18,122 MW of generating capacity as of Dec. 31, 2012. In 2012, more than 99 percent of the electricity it produced was generated by clean or renewable sources – natural gas, nuclear, wind, hydro and solar. Primarily a wholesale power generator, NextEra Energy Resources operates power plants and sells the output and Environmental Attributes* to utilities, retail electricity providers, power cooperatives, municipal electric providers and large industrial companies. NextEra Energy Resources’ fleet of generating assets as of March 1, 2013 included more than 125 operating projects in 24 states and Canada (see map on Page 6). Operations diversified by fuel source and geographic region help the company manage its power generation business more economically. NextEra Energy Resources has a solid track record of leadership in renewable energy. Headquartered in Florida, the company began investing in renewable projects in 1989 and has since grown into the leading generator in North America of renewable energy from the wind and sun.No. 1 in Wind Energy NextEra Energy Resources remained the largest owner and operator of wind generating facilities in the United States in 2012. At year end, the company had 100 wind facilities (approximately 9,600 wind turbines) in operation in 19 states and four Canadian provinces, with an installed capacity of more than 10,000 MW of electricity. NextEra Energy Resources added roughly 1,500 MW of wind generation in the U.S. during 2012, more than any other company had ever done before.A Leader in Solar Energy NextEra Energy Resources co-owns and operates seven solar plants in California’s Mojave Desert. In all, NextEra Energy Resources operates 360 MW of solar power, which is capable of meeting the energy needs of more than 230,000 homes at peak production. The company expects to bring roughly 900 MW of new solar projects into service from 2012 through 2016. This includes its 50 percent portion of the Desert Sunlight project and 100 percent of the Genesis solar thermal project, both in California, and the Termosol Solar Project in Spain.Clean Natural Gas Natural gas, the cleanest burning fossil fuel, is used to power NextEra Energy Resources’ generating units in five states. The company often installs combined-cycle technology, which captures waste NextEra Energy ResourcesDelivering Clean Energy for the United States and CanadaNextEra Energy Resources at a Glance* $3.9 billion in operating revenues$27.1 billion in total assets4,700 employees* As of Dec.31, 2012; operating revenues for the 12 months ended Dec. 31, 2012.NextEra Energy Resources Power Generation* 2012Fuel Type MWhs % of TotalWind 25,795,610 37.8Natural gas 20,412,893 29.9Nuclear 20,003,239 29.3Hydro 1,593,432 2.3Solar 365,112 0.5Coal 91,159 0.1Oil 55,966 0.1Total 68,317,410 100 *See inside front cover for discussion of Environmental Attributes On March 1, 2013, the company announced it had completed the sale of its hydro generating assets.NextEra Energy Resources Total Installed Capacity Megawatts7,25011,04111,52012,05313,34316,92818,14818,86616,60718,12215,5432002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Profile6NextEra Energy Resources Generation Facilities as of March 1, 2013United StatesFacility City/County State Perrin Ranch Coconino AZ Cabazon Riverside CA Diablo Alameda CA Green Power Riverside CA Green Ridge Power Alameda, Contra Costa CA High Winds Solano CA Mojave 3, 4 & 5 Kern CA Mojave 16, 17 & 18 Kern CA Montezuma Solano CA Montezuma II Solano CA North Sky River Kern CA Sky River Kern CA TPC Windfarms Kern CA Vasco Contra Costa CA Victory Garden IV Kern CA Windpower Partners 1990 Alameda, Contra Costa CA Windpower Partners 1991 Alameda, Riverside CA Windpower Partners 1991–92 Alameda, Contra Costa CA Windpower Partners 1992 Alameda, Contra Costa CA Windpower Partners 1993Riverside CA SEGS III–IX Kramer Junction, Harper Lake CA Limon ILincoln, Elbert, Arapahoe CO Limon IILincoln, Elbert and Arapahoe CO Logan Logan CO Northern Colorado Logan COUnited StatesFacility City/County State Peetz Table Logan CO Lee/DeKalb Lee, DeKalb IL White Oak McLean IL Cerro Gordo Cerro Gordo IA Crystal Lake I Hancock IA Crystal Lake II Winnebago IA Crystal Lake III Winnebago IA Endeavor Osceola IA Endeavor II Osceola IA Hancock County Hancock IA Story County Story IA Story County II Story, Hardin IA Duane Arnold Cedar Rapids IA Cimarron Gray KS Ensign Gray KS Gray County Gray KS Wyman, CapeYarmouth, S. Portland ME Wyman 4 Yarmouth ME Bellingham Bellingham MA Tuscola Bay Tuscola Bay, Saginaw MI Lake Benton II Pipestone MN Mower County Mower MN Buffalo Ridge Lincoln MN Seabrook Seabrook NH Sayreville Sayreville NJ Paradise Solar West Deptford NJ Hatch Solar Hatch NM New Mexico Quay, DeBaca NM Red Mesa Cibola NM Bayswater Far Rockaway NY Jamaica Bay Far Rockaway NY Ashtabula Barnes ND Ashtabula II Griggs, Steele ND Ashtabula III Barnes NDUnited StatesFacility City/County State Baldwin Burleigh ND Langdon Cavalier ND Langdon II Cavalier ND North Dakota LaMoure ND Oliver County Oliver ND Oliver County II Oliver ND Wilton Burleigh ND Wilton II Burleigh ND Blackwell Kay OK Elk City Roger Mills, Beckham OK Elk City II Roger Mills, Beckham OK Minco Grady OK Minco II Grady, Caddo OK Minco Wind IIIGrady, Caddo and Canadian OK Oklahoma Harper, Woodward OK Weatherford Custer, Washita OK Vansycle Umatilla OR Vansycle II Umatilla OR StatelineUmatilla, Walla WallaOR, WA Green Mountain Somerset PA Meyersdale Somerset PA Mill Run Fayette PA Somerset Somerset PA Waymart Wayne PA Marcus Hook 50 Marcus Hook PA Marcus Hook 750 Marcus Hook PA Ebensburg Ebensburg PA South Dakota Hyde SD Wessington SpringsJerauld SD Day County Day SD Blue Summit Wilbarger TX Callahan Divide Taylor TX Capricorn Ridge Sterling, Coke TXUnited StatesFacility City/County State Capricorn Ridge ExpansionSterling, Coke TX Delaware Mountain Culberson TX Horse Hollow Taylor TX Horse Hollow II Taylor, Nolan TX Horse Hollow III Nolan TX Indian Mesa Pecos TX King Mountain Upton TX Majestic Carson TX Majestic Wind II Carson, Potter TX Red Canyon Borden, Garza, Scurry TX Southwest Mesa Upton, Crockett TX Windpower Partners 1994Culberson TX Wolf Ridge Cooke TX Woodward Mountain Upton, Pecos TX Forney Forney TX Lamar Power PartnersParis TX Mountaineer Preston, Tucker WV Butler Ridge Dodge WI Point Beach Two Rivers WI Wyoming Uinta WYCanadaFacility Town/City Prov. Ghost Pine Trochu AB Pubnico Point Yarmouth NS Conestogo Drayton ON Moore Solar Moore ON Sombra Solar Sombra ON Mount Copper Murdochville QC Mount Miller Murdochville QCNextEra Energy ResourcesCorporate OfficeU.S. states and Canadianprovinces with projects in operationNextEra Energy ResourcesGeneration Facilities In Operation: Wind Solar Natural GasNuclearOilOtherlEgENd: Wind Natural Gas Nuclear Solar Oil Other Corporate OfficeLocations with more than one facility are illustrated with a single dot. profile 7heat to drive an additional turbine generator for increased energy efficiency and lower emissions than conventional fossil-fueled units. This type of power plant is about 30 percent more efficient than a traditional steam plant. Safe Nuclear Power With its full ownership of Point Beach Nuclear Plant in Wisconsin and its majority interests in the Duane Arnold Energy Center in Iowa and Seabrook Station in New Hampshire, NextEra Energy Resources has about 2,720 MW of nuclear energy capacity. Of the more than 2,700 MW, approximately 170 MW were brand new in 2012 after Point Beach completed upgrades in late 2011 that increased its generation capacity. Nuclear power plants produce no greenhouse gas emissions during operation. Marketing Wholesale EnergyNextEra Energy Power Marketing, LLC is one of the nation’s leading electricity and natural gas marketers and a key participant in energy and Environmental Attributes* markets in the United States and Canada. The company is also responsible for energy management for NextEra Energy Resources’ power generation fleet. NextEra Energy Power Marketing provides a wide range of electricity and gas commodity products and marketing and trading services to electric and gas utilities, municipalities and cooperatives, as well as to owners of electric generation facilities. In 2012, Platts, a leading industry publisher, ranked NextEra Energy Power Marketing as one of the top 10 power marketers in the United States.In addition, NextEra Energy Resources is licensed for retail operations in 14 states and the District of Columbia with a commitment to the highest level of customer service.Using Scientific Analysis to Support Renewables NextEra Energy Resources subsidiary WindLogics, based in St. Paul, Minn., provides renewable energy consulting services, using industry-leading scientific analysis for planning, siting and forecasting renewable energy projects. Besides being the lead wind and solar advisor to NextEra Energy Resources, WindLogics also serves the renewable energy and electric utility industries throughout North America and around the globe. The company employs meteorologists, computing experts and other industry specialists.*See inside front cover for discussion of Environmental Attributes. Top North America Wind Plant Owners Cumulative capacity in megawatts – 2012NextEra Energy Resources 10,057Iberdrola Renewables 5,650MidAmerican Energy Holdings Co. 3,697EDP Horizon Wind Energy 3,554E.ON Climate & Renewables 2,723Invenergy 2,403EDF-RE / EDF–EN 1,789Edison Mission Group 1,687Duke Energy Renewables 1,625BP Wind Energy 1,584 Source: For other companies, IHS Emerging Energy ResearchCumulative Wind Energy Portfolio at NextEra Energy Resources Megawatts1,7452,719 2,7583,1924,0165,0776,3757,5448,2988,56910,0572002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Profile8As new power generation facilities become operational, it’s important to deliver that electricity to where it’s needed. NextEra Energy Transmission is pursuing opportunities to develop, build and operate new transmission facilities. Lone Star Transmission, LLC (Lone Star), a rate-regulated transmission service provider in Texas and an indirect wholly owned subsidiary of NextEra Energy, owns and operates approximately 330 miles of high-voltage transmission lines and associated equipment. Lone Star’s transmission facilities stretch from Scurry County, northwest of Abilene, to Navarro County, just south of Dallas. These facilities bring wind power from West Texas to Central Texas, further strengthen the electric grid in the Electric Reliability Council of Texas (ERCOT) region, and enhance the reliable transmission of electricity from all generation sources. The Lone Star facilities were added as part of the Competitive Renewable Energy Zone (CREZ) process in Texas.New Hampshire Transmission, LLC (NHT) is an independent owner of regulated transmission in New England. NHT is the majority owner of the Seabrook substation in ISO-NE, a 345-kilovolt (kV) facility located in Seabrook, N.H., which interconnects the Seabrook Nuclear Generating Station to the grid as well as interconnecting three critical 345-kV transmission lines in the New England system. As a New England transmission owner, NHT also participates in regional reliability planning studies as well as looks for further opportunities for transmission development in the region. NHT is a subsidiary of NextEra Energy Transmission.NextEra Energy TransmissionDelivering Power to CustomersNEW HAMPSHIRETRANSMISSIONCautionary Statements and Risk Factors That May Affect Future ResultsThis profile contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy, Inc. (together with its subsidiaries, NextEra Energy) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NextEra Energy’s control. In some cases, you can identify the forward-looking statements by words or phrases such as “will,” “will result,” “expect,” “anticipate,” “believe,” “intend,” “plan,” “seek,” “aim,” “potential,” “projection,” “forecast,” “predict,” “goals,” “target,” “outlook,” “should,” “would” or similar words or expressions.  You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance.  The future results of NextEra Energy are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements.  These risks and uncertainties include, but are not limited to, the following:  effects of extensive regulation of NextEra Energy’s business operations; inability of NextEra Energy to recover in a timely manner any significant amount of costs, a return on certain assets or an appropriate return on capital through base rates, cost recovery clauses, other regulatory mechanisms or otherwise; impact of political, regulatory and economic factors on regulatory decisions important to NextEra Energy; risks of disallowance of cost recovery based on a finding of imprudent use of derivative instruments; effect of any reductions to or elimination of governmental incentives that support renewable energy projects; impact of new or revised laws, regulations or interpretations or other regulatory initiatives on NextEra Energy; effect on NextEra Energy of potential regulatory action to broaden the scope of regulation of over-the-counter (OTC) financial derivatives and to apply such regulation to NextEra Energy; capital expenditures, increased operating costs and various liabilities attributable to environmental laws, regulations and other standards applicable to NextEra Energy; effects on NextEra Energy of federal or state laws or regulations mandating new or additional limits on the production of greenhouse gas emissions; exposure of NextEra Energy to significant and increasing compliance costs and substantial monetary penalties and other sanctions as a result of extensive federal regulation of its operations; effect on NextEra Energy of changes in tax laws and in judgments and estimates used to determine tax-related asset and liability amounts; impact on NextEra Energy of adverse results of litigation; effect on NextEra Energy of failure to proceed with projects under development or inability to complete the construction of (or capital improvements to) electric generation, transmission and distribution facilities, gas infrastructure facilities or other facilities on schedule or within budget; impact on development and operating activities of NextEra Energy resulting from risks related to project siting, financing, construction, permitting, governmental approvals and the negotiation of project development agreements; risks involved in the operation and maintenance of electric generation, transmission and distribution facilities, gas infrastructure facilities and other facilities; effect on NextEra Energy of a lack of growth or slower growth in the number of customers or in customer usage; impact on NextEra Energy of severe weather and other weather conditions; risks associated with threats of terrorism and catastrophic events that could result from terrorism, cyber attacks or other attempts to disrupt NextEra Energy’s business or the businesses of third parties; risk of lack of availability of adequate insurance coverage for protection of NextEra Energy against significant losses; risk of increased operating costs resulting from unfavorable supply costs necessary to provide FPL FiberNet Services New Markets A subsidiary of NextEra Energy, FPL FiberNet delivers wholesale and enterprise telecommunications services throughout most major metropolitan areas in Florida and several in Texas, with additional connectivity to Atlanta, Ga., and the south-central United States, including Arkansas, Louisiana and Oklahoma. A key driver of FPL FiberNet’s success is the transportation of data/information from cell towers and businesses to telecommunications locations and data centers. Demand for this service has increased with the proliferation of mobile connectivity and the increased need for bandwidth. Where Proven Meets Possible®Today perhaps more than ever before, private and public institutions are looking for ways to save energy and money while becoming better stewards of the environment. With a strong commitment to excellence, NextEra Energy entities FPL Services (FPLS) and FPL Energy Services (FPLES) have a long history of developing, designing and building comprehensive, sustainable energy solutions.All told, these businesses have helped deliver to customers savings of more than $126 million using 1,089,000 MWh less electricity and 2.9 billion gallons less water. That’s enough electricity to power more than 90,750 homes for one year and enough water to fill more than 4,800 Olympic-size swimming pools.Operating within FPL’s service territory, FPLS serves a variety of customer segments including federal and state governments, municipalities, universities, schools, hospitals and airports.FPLES is an Energy Services Company (ESCO) that serves customers outside of FPL’s service territory, and is accredited by the National Association of Energy Services Companies (NAESCO). It holds indefinite delivery/indefinite quantity (ID/IQ) energy services performance contracts (ESPCs) from the U.S. Department of Energy and the U.S. Army Corps of Engineers.FPLES has also served commercial and industrial customers such as manufacturers, hospitals, hotels, condominiums and restaurants for more than 14 years with a reliable supply of natural gas at competitive rates, along with sophisticated industry analysis and custom consulting services.Other NextEra Energy BusinessesDelivering Exceptional Customer Valuefull energy and capacity requirement services; inability or failure to hedge effectively assets or positions against changes in commodity prices, volumes, interest rates, counterparty credit risk or other risk measures; potential volatility of NextEra Energy’s results of operations caused by sales of power on the spot market or on a short-term contractual basis; effect of reductions in the liquidity of energy markets on NextEra Energy’s ability to manage operational risks; effectiveness of NextEra Energy’s hedging and trading procedures and associated risk management tools to protect against significant losses; impact of unavailability or disruption of power transmission or commodity transportation facilities on sale and delivery of power or natural gas; exposure of NextEra Energy to credit and performance risk from customers, hedging counterparties and vendors; risks of failure of counterparties to perform under derivative contracts or of requirement for NextEra Energy to post margin cash collateral under derivative contracts; failure or breach of NextEra Energy’s information technology systems; risks to NextEra Energy’s retail businesses of compromise of sensitive customer data; risks to NextEra Energy of volatility in the market values of derivative instruments and limited liquidity in OTC markets; impact of negative publicity; inability to maintain, negotiate or renegotiate acceptable franchise agreements; increasing costs of health care plans; lack of a qualified workforce or the loss or retirement of key employees; occurrence of work strikes or stoppages and increasing personnel costs; NextEra Energy’s ability to successfully identify, complete and integrate acquisitions; environmental, health and financial risks associated with ownership of nuclear generation facilities; liability of NextEra Energy for significant retrospective assessments and/or retrospective insurance premiums in the event of an incident at certain nuclear generation facilities; increased operating and capital expenditures at nuclear generation facilities resulting from orders or new regulations of the Nuclear Regulatory Commission; inability to operate any owned nuclear generation units through the end of their respective operating licenses; liability for increased nuclear licensing or compliance costs resulting from hazards posed to owned nuclear generation facilities; risks associated with outages of owned nuclear units; effect of disruptions, uncertainty or volatility in the credit and capital markets on NextEra Energy’s ability to fund its liquidity and capital needs and meet its growth objectives; inability to maintain current credit ratings; risk of impairment of liquidity from inability of creditors to fund their credit commitments or to maintain their current credit ratings; poor market performance and other economic factors that could affect NextEra Energy’s defined benefit pension plan’s funded status; poor market performance and other risks to the asset values of nuclear decommissioning funds; changes in market value and other risks to certain of NextEra Energy’s investments; effect of inability of NextEra Energy subsidiaries to upstream dividends or repay funds to NextEra Energy or of NextEra Energy’s performance under guarantees of subsidiary obligations on NextEra Energy’s ability to meet its financial obligations and to pay dividends on its common stock; and effect of disruptions, uncertainty or volatility in the credit and capital markets of the market price of NextEra Energy’s common stock. NextEra Energy discusses these and other risks and uncertainties in its annual report on Form 10-K for the year ended December 31, 2012 and other SEC filings, and this profile should be read in conjunction with such SEC filings made through the date of this profile.  The forward-looking statements made in this profile are made only as of the date of this profile and NextEra Energy and FPL undertake no obligation to update any forward-looking statements.NextEra Energy, Inc. 700 Universe Boulevard, Juno Beach, Florida 33408For more information, go to:www.NextEraEnergy.comwww.FPL.comwww.NextEraEnergyResources.comPrinted in May 2013 MC226-1305MiXEd sourCEFPo