Nextera Energy, Inc. (NEE): modelo de negócios [Jan-2025 Atualizado]

A Nextera Energy, Inc. (NEE) fica na vanguarda da inovação energética renovável transformadora, pioneira em um modelo de negócios sofisticado que combina perfeitamente a tecnologia de ponta, parcerias estratégicas e geração sustentável de energia. Ao alavancar um portfólio expansivo de recursos eólicos e solares, o NEE se posicionou como líder global em soluções de energia limpa, impulsionando a sustentabilidade ambiental e proporcionando desempenho financeiro robusto por meio de uma estratégia de negócios meticulosamente criada que reimagina como as utilitárias modernas podem criar valor em um carbono cada vez mais - -mundo consciente.

Nextera Energy, Inc. (nee) - Modelo de negócios: parcerias -chave

Alianças estratégicas com fabricantes de equipamentos de energia renovável

A NexTera Energy mantém parcerias estratégicas com os principais fabricantes de equipamentos:

Fabricante	Foco em parceria	Tipo de equipamento
Vestas Wind Systems	Suprimento de turbina eólica	V150-4.2 MW Turbines
Primeiro solar	Compras de módulo fotovoltaico	Painéis solares da série 6
General Electric	Sistemas de inversores eólicos e solares	Tecnologia de inversor em escala de grade

Parcerias com empresas de serviços públicos e operadores de grade

A NexTERA Energy colabora com várias redes de serviços públicos:

• Florida Power & Acordos de interconexão de luz (FPL)
• ERCOT GRID Integration Partnerships no Texas
• Coordenação de transmissão de interconexão PJM

Colaboração com agências governamentais para iniciativas de energia limpa

A Nextera Energy faz parceria com agências federais e estaduais:

Agência	Tipo de colaboração	Valor do investimento
Departamento de Energia dos EUA	Pesquisa de energia renovável	US $ 124 milhões
Departamento de Proteção Ambiental da Flórida	Infraestrutura de energia limpa	US $ 87,5 milhões

Joint ventures no desenvolvimento de energia solar e eólica

As principais parcerias de joint venture incluem:

• Recursos Energéticos da Nextera - 50/50 Parceria com Solar Canadian para projetos em escala de utilidade
• Colaboração do grupo de energia renovável para integração de biodiesel
• Parceria de Desenvolvimento do Parque Eólico do Grupo de Energia de Padrão

Parcerias de tecnologia para soluções de armazenamento de energia

Colaborações de armazenamento de tecnologia da Nextera Energy:

Parceiro de tecnologia	Tecnologia de armazenamento	Capacidade
Tesla	Sistemas de bateria de íons de lítio	250 MW
Energia de fluência	Armazenamento de bateria em escala de grade	180 MW

Nextera Energy, Inc. (nee) - Modelo de negócios: Atividades -chave

Geração de energia renovável (solar e vento)

A NexTERA Energy possui 22.900 MW de capacidade de geração eólica e 3.500 MW de capacidade de geração solar a partir de 2023. A empresa gera aproximadamente 57,5 ​​milhões de MWh de energia renovável anualmente.

Tipo de energia renovável	Capacidade instalada (MW)	Geração anual (MWH)
Energia eólica	22,900	48,5 milhões
Energia solar	3,500	9,0 milhões

Transmissão e distribuição de energia elétrica

Florida Power & A Light (FPL) atende 5,7 milhões de contas de clientes em toda a Flórida, cobrindo 35 municípios com 75.000 milhas de linhas de transmissão e distribuição.

Desenvolvimento de infraestrutura energética

• Investimento de capital de US $ 9,3 bilhões em 2023
• Oleoduto planejado de projetos de energia renovável de 17.000 MW
• Expansão da capacidade de armazenamento de bateria de 3.500 MW até 2026

Pesquisa e desenvolvimento em tecnologias de energia limpa

A Nextera Energy investe US $ 350 milhões anualmente em P&D de energia limpa, focando em:

• Tecnologias avançadas de painel solar
• Soluções de armazenamento de energia em escala de grade
• Produção de hidrogênio verde

Vendas de eletricidade e gerenciamento de atendimento ao cliente

Métrica	2023 dados
Vendas totais de eletricidade	141,8 milhões de MWh
Contas de clientes	5,7 milhões
Taxa residencial média	$ 0,12 por kWh

Nextera Energy, Inc. (nee) - Modelo de negócios: Recursos -chave

Extenso portfólio de energia renovável

A NexTera Energy possui 26.130 MW de capacidade de vento e 5.404 MW de capacidade solar a partir de 2023. A Companhia opera ativos de energia renovável em 21 estados dos EUA.

Tipo de energia renovável	Capacidade (MW)	Número de instalações
Energia eólica	26,130	124
Energia solar	5,404	42

Tecnologias avançadas de armazenamento de energia

A NexTERA Energy investiu US $ 1,2 bilhão em projetos de armazenamento de baterias com 1.800 MW de capacidade de armazenamento a partir de 2023.

• Sistemas de armazenamento de bateria implantados em vários estados
• Soluções de armazenamento de energia em escala de grade
• Integração da tecnologia de bateria de íons de lítio

Engenharia qualificada e força de trabalho técnica

A NexTera Energy emprega aproximadamente 18.800 trabalhadores a partir de 2023, com equipes especializadas em engenharia de energia renovável e operações técnicas.

Capital financeiro para infraestrutura

Total de ativos da Nextera Energy: US $ 195,2 bilhões (relatório anual de 2022) Despesas de capital: US $ 10,3 bilhões em 2022

Métrica financeira	Quantia	Ano
Total de ativos	US $ 195,2 bilhões	2022
Despesas de capital	US $ 10,3 bilhões	2022

Tecnologias de energia renovável proprietária

A NexTERA Energy possui 87 patentes de energia renovável a partir de 2023, com foco na tecnologia de turbinas eólicas e na otimização de energia solar.

• Patentes de eficiência da turbina eólica
• Tecnologias de aprimoramento de desempenho do painel solar
• Inovações de software de integração de grade

Nextera Energy, Inc. (nee) - Modelo de negócios: proposições de valor

Soluções de energia limpa e sustentável

A NexTERA Energy gerou 45,7 milhões de MWh de energia renovável em 2022, com 25,8 milhões de mWh do vento e 19,9 milhões de MWh de fontes solares. A empresa possui 22 gigawatts de vento e 4 gigawatts de capacidade de geração solar.

Tipo de energia renovável	Capacidade de geração (GW)	MWH gerado em 2022
Vento	22	25,8 milhões
Solar	4	19,9 milhões

Geração e distribuição confiáveis ​​de eletricidade

A NextEra Energy serve aproximadamente 5,7 milhões de contas de clientes na Flórida através da Florida Power & Companhia Light. A empresa mantém um 99,99% da taxa de confiabilidade para distribuição de eletricidade.

Preços competitivos para energia renovável

O custo de energia da energia renovável da NexTERA Energy (LCOE) é de US $ 36 por mWh para vento e US $ 40 por MWh para a energia solar, o que é significativamente menor que os custos tradicionais de geração de combustível fóssil.

Redução de emissões de carbono e impacto ambiental

• Emissões de carbono reduzidas em 49 milhões de toneladas em 2022
• Comprometido com as emissões de carbono de zero líquido até 2045
• Investiu US $ 13,5 bilhões em infraestrutura de energia limpa em 2022

Tecnologias e soluções inovadoras de energia

A NexTera Energy Resources investiu US $ 1,4 bilhão em tecnologias de armazenamento de baterias em 2022, com uma capacidade total de armazenamento de 420 MW em vários projetos.

Investimento em tecnologia	Valor investido	Capacidade total
Armazenamento de bateria	US $ 1,4 bilhão	420 MW

Nextera Energy, Inc. (nee) - Modelo de negócios: relacionamentos com o cliente

Contratos de longo prazo com empresas de serviços públicos

A NexTera Energy possui 13,8 milhões de contas de clientes em toda a Flórida a partir de 2023. A Companhia mantém contratos de compra de energia de longo prazo (PPAs) com uma duração média do contrato de 15 a 20 anos.

Tipo de contrato	Número de acordos	Valor total do contrato
Contratos de serviços públicos	87	US $ 12,4 bilhões
PPAs de energia renovável	52	US $ 7,6 bilhões

Plataformas de engajamento de clientes digitais

A NexTera Energy investe US $ 145 milhões anualmente em tecnologias de infraestrutura digital e de envolvimento do cliente.

• Downloads de aplicativos móveis: 2,3 milhões
• Usuários de gerenciamento de contas on -line: 6,7 milhões
• Taxa de pagamento da conta digital: 78%

Serviços personalizados de gerenciamento de energia

A empresa oferece soluções de energia personalizadas com um investimento de US $ 92 milhões em plataformas de tecnologia centradas no cliente.

Categoria de serviço	Número de clientes	Receita anual
Soluções de energia doméstica inteligentes	425,000	US $ 67,3 milhões
Gerenciamento de energia comercial	12.500 empresas	US $ 214,6 milhões

Comunicação transparente sobre sustentabilidade energética

A NexTERA Energy aloca US $ 38 milhões anualmente para comunicação e relatórios de sustentabilidade.

• Relatório de Sustentabilidade Downloads: 95.000
• Iniciativas de transparência de redução de carbono: 14 programas ativos
• Eventos de engajamento da comunidade: 76 por ano

Suporte ao cliente e assistência técnica

A empresa mantém uma infraestrutura abrangente de suporte ao cliente, com US $ 62 milhões investidos em tecnologias de suporte.

Canal de suporte	Volume anual de interação	Tempo médio de resposta
Suporte telefônico	3,2 milhões de chamadas	7,5 minutos
Chat online	1,6 milhão de interações	4,2 minutos
Suporte por e -mail	875.000 ingressos	12,3 horas

Nextera Energy, Inc. (nee) - Modelo de negócios: canais

Vendas diretas para empresas de serviços públicos

A NexTERA Energy gera US $ 19,1 bilhões em receitas de utilidade através da Florida Power & A Light Company (FPL) a partir de 2022. Os canais de vendas diretos incluem:

• Vendas de serviços públicos regulamentados para 5,7 milhões de contas de clientes
• Contratos de empresas diretas comerciais e industriais
• Transações de mercado de eletricidade por atacado

Canal de vendas	Receita anual	Segmento de clientes
Vendas de utilidades residenciais	US $ 11,4 bilhões	5,2 milhões de famílias
Vendas de serviços públicos comerciais	US $ 4,7 bilhões	500.000 contas comerciais
Contratos de energia industrial	US $ 3 bilhões	Grandes clientes corporativos

Plataformas de atendimento ao cliente online

Os canais de engajamento digital incluem o portal on -line do MYFPL com 3,2 milhões de usuários registrados e aplicativos móveis com 1,8 milhão de usuários mensais ativos.

Interações do mercado de energia

Os recursos energéticos da NexTERA gera US $ 2,3 bilhões em receitas de mercado de energia renovável por meio de:

• Transações de mercado de energia eólica
• Vendas de mercado de energia solar
• Contratos do sistema de armazenamento de bateria

Equipes estratégicas de desenvolvimento de negócios

A Nextera mantém 287 profissionais de desenvolvimento de negócios em setores de energia e utilidade renováveis, gerando US $ 21,4 bilhões em receitas corporativas totais em 2022.

Conferências do setor e eventos de rede

Participação anual em 42 grandes conferências do setor de energia com valor estimado de engajamento de rede de US $ 15,6 milhões.

Tipo de conferência	Participação anual	Valor estimado da rede
Conferências de energia renovável	18 eventos	US $ 7,2 milhões
Conferências da indústria de serviços públicos	24 eventos	US $ 8,4 milhões

Nextera Energy, Inc. (nee) - Modelo de negócios: segmentos de clientes

Empresas de serviços públicos e operadores de grade

A Nextera Energy atende 5,7 milhões de contas de clientes na Flórida através da Florida Power & Light Company (FPL). O segmento de clientes da operadora de grade representa 100% do território do Serviço de Eletricidade da Flórida.

Tipo de cliente	Número de contas	Cobertura de mercado
Grade de utilitário da Flórida	5,7 milhões	100% do território de serviço da Flórida

Consumidores de energia comercial e industrial

A NexTera Energy Resources atende a aproximadamente 15 clientes comerciais e industriais em larga escala em vários estados.

• Setores de manufatura intensivos em energia
• Empresas de tecnologia
• Grandes campi corporativos

Clientes de eletricidade residencial

A FPL atende a 5,7 milhões de contas de clientes residenciais com US $ 4,5 bilhões em receitas de eletricidade residencial em 2022.

Categoria de cliente	Contas totais	Receita anual
Clientes residenciais	5,7 milhões	US $ 4,5 bilhões

Departamentos de energia do governo e municipais

A NexTera Energy fornece soluções de energia renovável para 25 governos municipais e departamentos de energia em nível estadual.

Investidores de energia renovável em larga escala

A NexTera Energy Resources gerencia 28,3 gigawatts de capacidade de geração de energia renovável, atraindo investidores institucionais.

Segmento de energia renovável	Capacidade de geração	Escala de investimento
Portfólio de energia renovável	28.3 GW	Investimentos institucionais de grau

Nextera Energy, Inc. (nee) - Modelo de negócios: estrutura de custos

Despesas de capital para infraestrutura de energia renovável

A NexTera Energy investiu US $ 9,4 bilhões em despesas de capital em 2022. Investimentos de infraestrutura de energia renovável quebraram a seguinte forma:

Categoria de infraestrutura	Valor do investimento
Projetos de energia eólica	US $ 3,6 bilhões
Projetos de energia solar	US $ 2,8 bilhões
Infraestrutura de armazenamento de bateria	US $ 1,2 bilhão

Investimentos de pesquisa e desenvolvimento

A NexTERA Energy alocou US $ 287 milhões para pesquisar e desenvolvimento em 2022, com foco em:

• Tecnologias avançadas de energia renovável
• Modernização da grade
• Soluções de armazenamento de energia
• Tecnologias de produção de hidrogênio

Manutenção operacional de instalações de energia

Os custos anuais de manutenção operacional para 2022 totalizaram US $ 1,6 bilhão, distribuídos:

Tipo de instalação	Despesa de manutenção
Instalações eólicas	US $ 672 milhões
Instalações solares	US $ 456 milhões
Usinas nucleares	US $ 328 milhões
Instalações de gás natural	US $ 144 milhões

Aquisição de tecnologia e equipamento

A NexTERA Energy gastou US $ 1,1 bilhão em compras de tecnologia e equipamentos em 2022, incluindo:

• Equipamento de geração de energia renovável
• Tecnologias de gerenciamento de grade
• Infraestrutura de segurança cibernética
• Sistemas de monitoramento avançado

Compensação e treinamento da força de trabalho

As despesas totais relacionadas à força de trabalho para 2022 foram de US $ 1,3 bilhão:

Categoria de despesa	Quantia
Salários da base	US $ 862 milhões
Benefícios	US $ 276 milhões
Treinamento e desenvolvimento	US $ 162 milhões

Nextera Energy, Inc. (nee) - Modelo de negócios: fluxos de receita

Vendas de eletricidade para empresas de serviços públicos

A NexTera Energy relatou receitas operacionais totais de US $ 21,3 bilhões em 2022. Vendas de eletricidade para clientes de serviços públicos regulados por meio da Florida Power & A Light Company (FPL) gerou aproximadamente US $ 12,4 bilhões em receita.

Segmento	Receita (2022)	Porcentagem da receita total
Utilidade elétrica regulada	US $ 12,4 bilhões	58.2%
Recursos energéticos	US $ 8,9 bilhões	41.8%

Créditos e incentivos energéticos renováveis

A NexTERA Energy gerou aproximadamente US $ 672 milhões com créditos fiscais de energia renovável em 2022.

• Créditos fiscais de produção (PTC): US $ 456 milhões
• Créditos fiscais de investimento (ITC): US $ 216 milhões

Contratos de compra de energia

A empresa possui 55.4 GW de projetos de energia renovável contratada com vários acordos de compra de energia em vários estados.

Tipo de contrato	Capacidade contratada	Receita anual estimada
PPAs de energia eólica	32.6 GW	US $ 3,2 bilhões
PPAs de energia solar	22.8 GW	US $ 2,8 bilhões

Contratos de solução de armazenamento de energia

Nextera Energy tem 2.5 GW de projetos de armazenamento de energia com receita anual projetada de US $ 380 milhões.

Serviços de licenciamento de consultoria e tecnologia

Os serviços de licenciamento e consultoria de tecnologia geraram aproximadamente US $ 124 milhões em receita adicional para 2022.

• Licenciamento de tecnologia de energia renovável: US $ 78 milhões
• Consultoria de Gerenciamento de Energia: US $ 46 milhões

NextEra Energy, Inc. (NEE) - Canvas Business Model: Value Propositions

Low-cost, high-reliability electricity for Florida's growing population

Florida Power & Light (FPL), NextEra Energy, Inc.'s regulated utility, provides power to about 12 million people across Florida. You can expect predictable returns from this segment, which is supported by a constructive regulatory framework. The Q3 2025 adjusted earnings per share (EPS) for FPL was $0.71, with FPL earnings improving to $1.4 billion in that quarter.

The approved 2025 base rate settlement locks in substantial revenue visibility for FPL, with annualized retail base revenue increases of $945 million beginning January 1, 2026, and an additional $705 million starting January 1, 2027. FPL is expanding its rate base at roughly 8% annually, supported by a projected customer base growth of approximately 335,000 accounts through 2029. Still, typical FPL residential bills remain about 20% below the national average when adjusted for inflation compared to 20 years ago.

FPL Regulated Return Metric	Value/Range
Authorized Regulatory Return on Equity (ROE) Midpoint	10.95%
Authorized Regulatory ROE Band	9.95% - 11.95%
Authorized Regulatory Equity Ratio	59.6%
Rate Stabilization Mechanism (RSM) Capacity	Up to $1.155 billion

Scalable, long-term contracted clean energy for corporate and utility clients

NextEra Energy Resources, the non-regulated arm, focuses on long-term contracted renewable generation. The company's backlog of signed contracts for renewables and storage stood at 27.7 GW as of April 23, 2025. By the end of Q3 2025, this backlog had grown to nearly 29.6 GW after adding 3 GW of new renewables and storage in that quarter alone. Management plans to develop between 36.5 GW and 46.5 GW of renewable and battery storage projects over the 2024-2027 period. Adjusted EBITDA from regulated and contracted businesses is expected to make up 90% to 95% of total consolidated EBITDA over the next three years.

• Record addition of 3.2 GW in new renewables and storage in Q1 2025.
• Landmark agreement with Entergy for up to 4.5 GW of solar and energy storage.
• Agreements signed for over 3 GW of renewables, including an 860-MW deal with Google.
• Aim to operate a 70-gigawatt generation and storage portfolio by 2027.

Grid stability and resilience via Battery Energy Storage Systems (BESS)

NextEra Energy is making substantial capital commitments to BESS to firm up its renewable portfolio and ensure grid reliability. NextEra Energy Resources added 8.7 GW of new renewables and storage projects in 2025. For 2025, NextEra Energy Resources invested $7.33 billion in solar and solar-plus-battery storage projects. The company secured a $301 million deal for 6.3 GWh of energy storage system (ESS) batteries. The strategy includes FPL planning to deploy 7.6 gigawatts of battery storage over the next decade.

Enabling the exponential energy demand of hyperscalers and AI data centers

The value proposition here is becoming the go-to provider for power-hungry digital infrastructure. Estimates suggest U.S. data centers could require an additional 22.5 to 30 gigawatts (GW) of energy by 2030. NextEra Energy has a massive $74 billion investment plan earmarked for clean energy and storage, explicitly targeting this AI-driven demand. The company's Q1 2025 record addition of 3.2 GW in new capacity was directly aimed at this burgeoning demand. A key example is the 25-year nuclear power purchase agreement (PPA) with Google, which accelerates the Duane Arnold restart, a project expected to add about $0.16 to annual EPS once operational.

Predictable, regulated returns from the Florida Power & Light (FPL) rate base

The regulated utility business provides a foundation of stable, predictable returns. The authorized regulatory ROE for FPL is set at 10.95%, with a defined band of 9.95% to 11.95%, and a regulatory equity ratio of 59.6%. Management reaffirmed an adjusted EPS growth outlook for NextEra Energy of 6-8% through 2027. The Q3 2025 adjusted EPS for the entire company was $1.13, up 9.7% year-over-year.

NextEra Energy, Inc. (NEE) - Canvas Business Model: Customer Relationships

You're looking at how NextEra Energy, Inc. manages its two very different customer bases: the regulated residential/commercial base served by Florida Power & Light (FPL) and the wholesale/contracted customers of NextEra Energy Resources (NEER). The relationship style is fundamentally different for each.

Regulated relationship with FPL customers via public service commission oversight

For Florida Power & Light (FPL), the relationship is strictly defined by the Florida Public Service Commission (PSC) oversight. This structure dictates rate recovery and service standards. FPL is America's largest electric utility, serving approximately 6.0 MM customer accounts or about 12 million people across Florida as of late 2024. The current regulatory relationship is shaped by FPL's 2025 base rate proceeding filing, which requests base rate adjustments of approximately $1.6 billion in 2026 and $0.9 billion for 2027. If approved, this plan targets an estimated average annual increase in total customer bills of approximately 2.5% from January 2025 through the end of 2029. This regulated environment also mandates high performance; FPL's distribution service reliability was 59% better than the national average in 2024.

The relationship is also defined by managing growth and investment recovery:

• FPL added about 275,000 customers since 2021.
• The utility expects to add about 335,000 more customers through the end of 2029.
• Smart-grid devices helped avoid 2.7 million customer outages across 2024.
• The company plans to invest approximately $50 billion from 2025-2029.

Dedicated account management for large-scale wholesale customers (NEER)

NextEra Energy Resources (NEER) deals with sophisticated, large-scale wholesale customers like utilities, municipalities, and major corporations, often centered around long-term Power Purchase Agreements (PPAs). This requires dedicated account management, focusing on customized energy solutions rather than standard service delivery. NEER is the '#1 originator for U.S. power and commercial & industrial customers'. The company is actively growing its contracted portfolio, adding 3.2 gigawatts (GW) to its backlog in the second quarter of 2025 alone.

Here's a look at the scale of these wholesale relationships:

Metric	Value (as of early/mid-2025)
Total Renewables and Storage Backlog	~28 GW
Total Renewables and Storage Pipeline	~300 GW
Backlog Serving Technology/Data Center Customers	Approximately 6 GW
Average Counterparty Credit Rating on PPAs	A-

Long-term, contract-based relationships with PPA counterparties

The core of the NEER relationship model is the long-term, fixed-rate contract, which provides revenue predictability for NextEra Energy, Inc. and helps counterparties meet their own sustainability goals. These are not month-to-month arrangements; they are multi-year commitments. For example, a recent PPA with Nucor Corporation supports a solar project expected to begin commercial operation in December 2025. These non-regulated assets generate predictable revenue backed by these long-term, fixed-rate contracts. The commitment to long-term contracted investments is a key feature of the business model.

Automated digital self-service tools for FPL residential customers

For the millions of FPL residential customers, the relationship leans heavily on digital self-service to manage routine interactions efficiently. While specific usage statistics for digital tools aren't provided, the focus on technology is clear through reliability metrics. Customers use digital channels to track outages and manage accounts, which supports the utility's efficiency goals. The company's commitment to technology is evident in its investment plans, including adding new solar generation with cost recovery through programs like SolarTogether®, a voluntary community solar program where participants pay a fixed monthly subscription charge.

Proactive communication during storm preparation and restoration

When severe weather hits, the relationship shifts to urgent, proactive communication to manage expectations and demonstrate rapid response. Following Hurricane Milton in October 2024, FPL restored power to more than 1.9 million customers, which was over 95% of those impacted, utilizing a restoration workforce of 20,000 men and women from 41 states and Canada. Just prior to that, after Hurricane Helene in September 2024, FPL restored power to 93% of affected customers within 24 hours of the storm exiting the state, restoring over 634,000 customers. Even in August 2024, during Hurricane Debby, smart grid technology helped avoid nearly 85,000 outages while crews restored power to nearly 250,000 customers.

Here's a snapshot of recent storm response performance:

• Hurricane Milton (Oct 2024): Restored power to over 95% of 1.9 million impacted customers.
• Hurricane Helene (Sep 2024): Restored 93% of affected customers within 24 hours of storm exit.
• Hurricane Debby (Aug 2024): Avoided nearly 85,000 outages via smart grid tech.

Finance: draft 13-week cash view by Friday.

NextEra Energy, Inc. (NEE) - Canvas Business Model: Channels

Regulated transmission and distribution grid to Florida end-users (FPL)

Florida Power & Light Company, America's largest electric utility, delivers power through its regulated grid infrastructure. This channel serves more than 6 million customer accounts, which equates to approximately 12 million people across nearly half of Florida. The operational scale includes approximately 36 gigawatts (GW) of owned generating capacity. To maintain and expand this service, FPL operates nearly 91,000 circuit miles of transmission and distribution lines, supported by 921 substations. The capital plan for this channel includes investing approximately $21.7 billion through 2029 on T&D infrastructure. For Q3 2025, FPL's earnings per share (EPS) reached $0.71. The utility's revenue for Q2 2025 was up 7.3% year-over-year, totaling $4.71 billion. FPL's rate base is expected to expand at roughly 8% annually.

Direct long-term Power Purchase Agreements (PPAs) with wholesale buyers

NextEra Energy Resources (NEER) utilizes direct, long-term PPAs as a primary channel to wholesale buyers, including corporations and other utilities. The renewables and storage backlog stood at nearly 29.6 GW as of the latest reports. In Q2 2025 alone, NEER added 3.2 gigawatts of new renewables and storage capacity to this backlog. This segment reported earnings of $1.27 billion with an EPS of $0.62 in Q3 2025. Revenue from the NextEra Energy Resources unit jumped 16.4% year-over-year in Q2 2025, reaching $1.91 billion. The company is executing on long-term contracts, such as a landmark agreement for up to 4.5 GW with Entergy and a 25-year PPA with Google for the restarted Duane Arnold nuclear facility.

Metric	Value (Late 2025 Data)	Segment/Context
Renewables & Storage Backlog	Nearly 29.6 GW	NextEra Energy Resources (NEER)
New Backlog Additions (Q2 2025)	3.2 GW	NEER
Backlog for Tech/Data Center Customers	About 6 GW	NEER
Total Expected Capacity for Tech/Data Centers (Operating + Backlog)	Over 10.5 GW	NEER
Assets with PPAs Expiring 2030-2035	~6 GW	NEER
NEER Q3 2025 EPS	$0.62	NextEra Energy Resources

Interconnection points to regional transmission organizations (RTOs)

NextEra Energy Transmission is a competitive transmission company facilitating the movement of power from generation sources, including NEER's renewables, to various markets. The transmission business has a backlog exceeding 25 GW and a total renewables and storage pipeline of ~300 GW. The build-out of high-voltage transmission lines is critical for connecting resource-rich regions to high-demand markets served by RTOs. NEER's operations span 49 U.S. states and four Canadian provinces, indicating a vast network of interconnection points across multiple RTOs and independent system operators.

NextEra Energy Resources' direct sales team for corporate clients

The direct sales effort targets large Commercial & Industrial (C&I) customers, with a significant focus on the technology and data center sector. Approximately 6 GW of the current backlog is specifically earmarked for these technology and data center customers, including AI-focused hyperscalers. Over the last 12 months, the company originated approximately 12.7 GW of new renewables and battery storage projects, much of which is secured via direct sales channels. Strong C&I demand is creating valuable recontracting opportunities for assets with PPAs expiring between 2030 and 2035.

Digital platforms for customer billing and outage reporting

The regulated utility channel, FPL, manages billing and outage reporting for its 6 million customer accounts through its digital platforms. NextEra Energy is actively engaged in digital transformation strategies and innovation programs. The company has utilized AI solutions, such as partnering with HData, to enhance regulatory analytics for its competitive business.

• FPL Customer Accounts: >6 million accounts.
• Digital Focus: Insights into digital transformation strategies and innovation programs.
• Technology Partnership Example: HData for regulatory analytics.

NextEra Energy, Inc. (NEE) - Canvas Business Model: Customer Segments

You're looking at the customer base for NextEra Energy, Inc. as of late 2025. It's a split operation: the regulated utility side serving Florida, and the competitive energy resources arm serving wholesale and corporate buyers across North America. Honestly, the numbers show where the immediate growth engine is firing.

Regulated residential, commercial, and industrial customers in Florida

This is the Florida Power & Light (FPL) segment. They are the bedrock of the company's stability. FPL is the largest electric utility in the U.S. by retail megawatt-hour sales. You need to know the scale here to appreciate the cash flow predictability.

• FPL serves more than 6 million customer accounts.
• This represents approximately 12 million people across Florida.
• FPL's Q1 2025 net income was $1.316 billion.
• For Q2 2025, FPL segment net income rose to $2.028 billion.
• FPL's Q1 2025 revenue reached $3.99 billion.
• The utility has about 36 gigawatts (GW) of generation capacity.
• FPL is planning for approximately 352,000 new customer accounts in 2026.

Large-scale wholesale energy buyers and utilities across North America

NextEra Energy Resources (NEER) handles this. They are selling power, often from renewables, to other utilities and large entities. Their pipeline growth is the key metric here, showing future contracted revenue.

• NEER's total backlog of signed renewable and storage contracts was roughly 28 GW as of Q1 2025.
• In Q1 2025 alone, NEER added about 3.2 GW to this backlog.
• NEER reported Q1 2025 revenue of $2.16 billion.
• Adjusted earnings for NEER in Q1 2025 were $908 million.

Hyperscalers and technology companies demanding clean power

This group falls under NEER's wholesale buyers, but their demand is driving specific project development. They want clean power fast, and NEER is structuring deals to meet that urgency.

• NEER added over 1 gigawatt (GW) of capacity specifically for hyperscalers in Q2 2025 backlog additions.
• The overall development plan targets 36.5 GW to 46.5 GW of renewable and battery storage projects between 2024-2027.

Financial investors seeking tax equity in renewable energy projects

While not direct power customers, financial partners are crucial for funding the massive capital deployment. These transactions often involve selling stakes to realize tax benefits, like the one with Blackstone.

Here's a look at the scale of investment and a relevant transaction:

Metric	Value/Amount	Context
Consolidated Capex Projection (2025-2027)	Exceed $85 billion	Fitch expectation for total capital spending.
Capex to Non-Regulated Businesses (2025-2027)	More than 65%	Indicates the portion reliant on competitive financing structures.
Stake Sale to Blackstone	$900 million	Partial stake sale in a 1.6 GW renewable energy portfolio.

Government and military installations requiring reliable, clean power

This segment is served through the broader wholesale and regulated utility contracts, but specific, publicly itemized contract values for military bases weren't readily available in the latest disclosures. Still, the overall commitment to grid modernization and reliability supports this need.

The core customer segmentation financial snapshot looks like this:

Segment	Q1 2025 Revenue (USD)	Q1 2025 Net Income (GAAP, USD)	Key Customer Metric
FPL (Regulated Utility)	$3.99 billion	$1.316 billion	6 million+ customer accounts served.
NEER (Wholesale/B2B)	$2.16 billion	$172 million (GAAP)	28 GW contracted backlog (as of Q1 2025).

Finance: draft 13-week cash view by Friday.

NextEra Energy, Inc. (NEE) - Canvas Business Model: Cost Structure

You're looking at the core expenditures that power NextEra Energy, Inc.'s massive operations, which is definitely a capital-intensive game. The cost structure is dominated by the need to constantly fund growth and maintain a vast, complex asset base across Florida Power & Light (FPL) and NextEra Energy Resources (NEER).

Massive capital expenditures, FPL projected at $9.3 billion to $9.8 billion in 2025

The sheer scale of investment required to serve Florida's growing population is a primary cost driver. For the full year 2025, Florida Power & Light projects its capital investments to land between $9.3 billion and $9.8 billion. This spending supports grid modernization, storm hardening, and new generation capacity, including solar and battery storage. For context, FPL's capital expenditures for the third quarter of 2025 alone were approximately $2.5 billion.

High interest expense and debt service costs on long-term debt

Financing this growth means carrying significant debt. As of September 30, 2025, NextEra Energy's long-term debt stood at $84.17 billion. This level of leverage translates directly into substantial interest costs. For the three months ending September 2025, the reported Interest Expense on Debt was $1.153 billion (based on the $-1,153 Mil figure reported for that quarter). The company's net debt to EBITDA ratio was reported at 6.4 as of July 1, 2025, indicating a heavy debt load that requires careful management.

Fuel and purchased power costs for generation and grid balancing

While NextEra Energy Resources leans heavily on contracted renewables, FPL still relies on fuel and purchased power, though costs are largely recoverable. For the third quarter of 2025, the combined Fuel, purchased power and interchange expense across FPL and NEER was $1,423 million. FPL utilizes cost recovery clauses to pass substantially all fuel and purchased power costs directly to customers, which matches the cost with related revenue when billed. Still, market volatility, like the forecasted 59% year-over-year increase in natural gas prices from 2024 to 2025, remains a risk factor, even with hedging.

Operations and maintenance (O&M) expenses for a large asset base

Running and maintaining the utility and renewable generation fleets requires consistent O&M spending. The total operating expenses for NextEra Energy for the twelve months ending September 30, 2025, reached $18.665 billion. The specific Operations and Maintenance component for the third quarter of 2025 was significant:

Expense Category (Millions USD)	FPL (Q3 2025)	NEER (Q3 2025)	Corporate and Other (Q3 2025)	Total (Q3 2025)
Other operations and maintenance	432	810	168	1,410

This table shows the quarterly breakdown for Other operations and maintenance expenses for the period ending September 30, 2025.

Regulatory compliance and depreciation of energy assets

Depreciation is a non-cash cost reflecting the aging and utilization of the utility's physical assets, while regulatory compliance costs cover items like environmental mandates. Depreciation and amortization is a major line item, as seen in the third quarter of 2025:

Expense Category (Millions USD)	FPL (Q3 2025)	NEER (Q3 2025)	Corporate and Other (Q3 2025)	Total (Q3 2025)
Depreciation and amortization	1,385	695	16	2,096

The regulatory environment in Florida is generally viewed as supportive, allowing for timely cost recovery. For instance, FPL is requesting rate increases of approximately $1.55 billion in 2026 and $927 million in 2027 through rate cases and the Solar and Battery Base Rate Adjustment (SoBRA) mechanism, which helps recover costs for investments and compliance efforts.

You should review the full quarterly breakdown for a complete picture of operating costs:

• For the three months ended September 30, 2025, Total operating expenses - net were $5,582 million.
• The Fuel, purchased power and interchange cost for Q3 2025 was $1,423 million.
• Other operations and maintenance for Q3 2025 totaled $1,410 million.
• Depreciation and amortization for Q3 2025 was $2,096 million.
• Taxes other than income taxes and other - net for Q3 2025 totaled $653 million.

Finance: draft 13-week cash view by Friday.

NextEra Energy, Inc. (NEE) - Canvas Business Model: Revenue Streams

You're looking at the core ways NextEra Energy, Inc. brings in cash as of late 2025. The largest piece comes from its regulated utility, Florida Power & Light (FPL). FPL brought in $3.99 billion in revenue just in the first quarter of 2025. This revenue is directly tied to the recovery of capital investments through the regulated rate base, which is a key driver for FPL's earnings growth. To support this, FPL spent approximately $2.4 billion in capital expenditures during that same quarter. The regulatory capital employed for FPL grew by about 8.1% year-over-year as of Q1 2025. Also, FPL has proposed base rate adjustments of roughly $1.6 billion in 2026 and $0.9 billion for 2027 to continue recovering these requirements.

Here's a quick look at the top-line revenue components from the first quarter of 2025:

Revenue Source	Q1 2025 Revenue Amount
Regulated Electricity Sales (FPL)	$3.99 billion
Long-Term Contracted Energy Sales (NEER)	$2.16 billion

NextEra Energy Resources (NEER), the competitive arm, generates substantial revenue through long-term contracted energy sales via Power Purchase Agreements (PPAs). For Q1 2025, NEER reported revenue of $2.16 billion. This business focuses heavily on securing long-term contracted renewable generation. The company is actively growing its development pipeline; in Q1 2025, NEER added about 3.2 gigawatts of new renewables and storage projects to its backlog, bringing the total backlog to roughly 28 gigawatts. This growth is supported by the expectation that current federal tax structures, like those from the Inflation Reduction Act, will continue.

Other revenue components flow through the segments:

• NextEra Energy Transmission contributed $0.01 to the adjusted Earnings Per Share (EPS) breakdown for Energy Resources in Q1 2025.
• The regulated business mix, driven by FPL rate base growth and new FERC-regulated transmission investments, is estimated to make up about 75% of NextEra's EBITDA in 2024, staying in the upper half of the 70% to 75% range through 2027.
• The company continues to secure new Federal Energy Regulatory Commission-regulated transmission investments.

Finance: review the impact of the proposed 2026/2027 base rate adjustments on next quarter's regulatory asset recovery forecast by end of next month.