NEE 📈 Nextera Energy - Overview

NextEra Energy, Inc. is a leading player in the North American energy landscape, operating through its subsidiaries to generate, transmit, distribute, and sell electric power to a wide range of customers. The company's energy generation portfolio is diverse, comprising wind, solar, nuclear, and natural gas, as well as other clean energy sources. This diversified approach enables NextEra Energy to reduce its reliance on any one particular energy source, thereby mitigating potential risks and ensuring a more stable supply of electricity to its customers.

The company's business model is built around the development, construction, and operation of long-term contracted assets, which include a variety of clean energy solutions such as renewable generation facilities, battery storage projects, and electric transmission facilities. By focusing on these types of assets, NextEra Energy is able to provide its customers with a range of energy options while also contributing to a more sustainable energy future. In addition to its core business of generating and distributing electricity, the company also sells energy commodities and owns, develops, constructs, manages, and operates electric generation facilities in wholesale energy markets.

In terms of its operational footprint, NextEra Energy has a significant presence in the eastern and lower western parts of Florida, serving approximately 12 million people through around 5.9 million customer accounts. The company's infrastructure is extensive, with approximately 33,276 megawatts of net generating capacity, around 90,000 circuit miles of transmission and distribution lines, and 883 substations. This substantial infrastructure base enables NextEra Energy to provide reliable and efficient energy services to its customers, while also supporting the wider economy and community in the regions it operates.

With a history dating back to 1925, NextEra Energy has a long and established track record in the energy sector. Formerly known as FPL Group, Inc., the company changed its name to NextEra Energy, Inc. in 2010, reflecting its evolving business model and commitment to clean energy solutions. Today, the company is headquartered in Juno Beach, Florida, and is listed on the New York Stock Exchange (NYSE) under the ticker symbol NEE. Its common stock is classified under the GICS Sub Industry category of Electric Utilities, and its ISIN is US65339F1012. For more information, investors and stakeholders can visit the company's website at https://www.nexteraenergy.com.