Summary
Headquartered in Juno Beach, Florida, NextEra Energy provides generation, transmission, and distribution services. NEE has about 37,000 MW of total generating capacity with 33,000 MW of wind and solar generations. The company also operates seven nuclear plants. The company’s largest electric utility is FPL, one of the largest vertically integrated electric utilities in the U.S., with approximately 5.8 million customer accounts that generate about two-thirds of earnings. NextEra Energy Resources, a nonregulated subsidiary, is the largest U.S. generator of wind and solar power and a leader in battery storage. Its affiliated entities include NextEra Energy Partners LP, which trades as NEP. Argus Research does not cover NEP. The company’s focus is on electricity and renewable generation. In 2H23, management entered into agreements to sell its Texas and Pennsylvania pipeline businesses and sell its gas utility, FCG. NextEra Energy has a generation presence in 38 states and four Canadian provin
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