11-K 1 d34519d11k.htm 11-K 11-K
Table of Contents
 
 

 

LOGO

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 11-K

 

 

 

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2024

OR

 

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 1-8841

 

 

NextEra Energy, Inc. Employee Retirement Savings Plan

(Full title of the plan)

 

 

NextEra Energy, Inc.

(Name of issuer of the securities held pursuant to the plan)

 

 

700 Universe Boulevard

Juno Beach, Florida 33408

(Address of principal executive office)

 

 
 


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

TABLE OF CONTENTS

 

     Page No.  

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

     1  

FINANCIAL STATEMENTS

  

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 2024 AND 2023

     2-3  

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2024

     4  

NOTES TO FINANCIAL STATEMENTS

     5  

SUPPLEMENTAL SCHEDULE

  

SCHEDULE H LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

     11  

SIGNATURE

     17  

EXHIBIT INDEX

     18  

EXHIBIT 23(a) – CONSENT OF CROWE LLP

  

 


Table of Contents

LOGO

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Participants and the Employee Benefit Plans

 Administrative Committee

NextEra Energy, Inc. Employee Retirement Savings Plan

Juno Beach, Florida

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of NextEra Energy, Inc. Employee Retirement Savings Plan (the “Plan”) as of December 31, 2024 and 2023, the related statement of changes in net assets available for benefits for the year ended December 31, 2024, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2024 and 2023, and the changes in net assets available for benefits for the year ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2024 has been subjected to audit procedures performed in conjunction with the audit of NextEra Energy, Inc. Employee Retirement Savings Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information presented in the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated in all material respects in relation to the financial statements as a whole.

 

LOGO

Crowe LLP

We have served as the Plan’s auditor since 2007.

Oakbrook Terrace, Illinois

June 11, 2025

 

1


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

AS OF DECEMBER 31, 2024 AND 2023

 

     December 31, 2024  
     Participant-      Nonparticipant-         
     Directed      Directed      Total  

ASSETS

        

Investments, at fair value (see Note 6)

        

Registered investment companies

   $ 380,879,084      $ 14,903,037      $ 395,782,121  

Collective trust funds

     2,504,711,886        —         2,504,711,886  

Preferred stock

     535,175        —         535,175  

Common stock other than NextEra Energy, Inc. common stock

     567,433,095        —         567,433,095  

NextEra Energy, Inc. common stock

     403,320,650        1,400,613,164        1,803,933,814  
  

 

 

    

 

 

    

 

 

 

Total investments, at fair value

     3,856,879,890        1,415,516,201        5,272,396,091  

Investments, at contract value (see Note 7)

     134,365,790        —         134,365,790  
  

 

 

    

 

 

    

 

 

 

Total investments

     3,991,245,680        1,415,516,201        5,406,761,881  
  

 

 

    

 

 

    

 

 

 

Receivables

        

Participant loans

     74,021,654        —         74,021,654  

Pending trades due from brokers

     91,490        —         91,490  

Employer contributions

     —         3,138,329        3,138,329  

Other receivables

     542,468        44,185        586,653  
  

 

 

    

 

 

    

 

 

 

Total receivables

     74,655,612        3,182,514        77,838,126  

Non-interest bearing cash

     19,605        —         19,605  
  

 

 

    

 

 

    

 

 

 

Total assets

     4,065,920,897        1,418,698,715        5,484,619,612  
  

 

 

    

 

 

    

 

 

 

LIABILITIES

        

Pending trades due to brokers

     1,215        —         1,215  

Other payables

     1,662,049        99,249        1,761,298  
  

 

 

    

 

 

    

 

 

 

Total liabilities

     1,663,264        99,249        1,762,513  
  

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

   $ 4,064,257,633      $ 1,418,599,466      $ 5,482,857,099  
  

 

 

    

 

 

    

 

 

 

The accompanying Notes to Financial Statements are an integral part of these statements.

 

2


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

AS OF DECEMBER 31, 2024 AND 2023

 

     December 31, 2023  
     Participant-      Nonparticipant-         
     Directed      Directed      Total  

ASSETS

        

Investments, at fair value (see Note 6)

        

Registered investment companies

   $ 363,163,353      $ 9,781,368      $ 372,944,721  

Collective trust funds

     2,255,847,026        —         2,255,847,026  

Preferred stock

     653,585        —         653,585  

Common stock other than NextEra Energy, Inc. common stock

     460,419,197        —         460,419,197  

NextEra Energy, Inc. common stock

     395,831,605        1,294,173,610        1,690,005,215  
  

 

 

    

 

 

    

 

 

 

Total investments, at fair value

     3,475,914,766        1,303,954,978        4,779,869,744  

Investments, at contract value (see Note 7)

     175,564,283        —         175,564,283  
  

 

 

    

 

 

    

 

 

 

Total investments

     3,651,479,049        1,303,954,978        4,955,434,027  
  

 

 

    

 

 

    

 

 

 

Receivables

        

Participant loans

     70,903,605        —         70,903,605  

Pending trades due from brokers

     235,498        2,144,567        2,380,065  

Employer contributions

     —         3,183,714        3,183,714  

Other receivables

     617,000        42,357        659,357  
  

 

 

    

 

 

    

 

 

 

Total receivables

     71,756,103        5,370,638        77,126,741  
  

 

 

    

 

 

    

 

 

 

Total assets

     3,723,235,152        1,309,325,616        5,032,560,768  
  

 

 

    

 

 

    

 

 

 

LIABILITIES

        

Other payables

     1,788,779        778,681        2,567,460  
  

 

 

    

 

 

    

 

 

 

Total liabilities

     1,788,779        778,681        2,567,460  
  

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

   $ 3,721,446,373      $ 1,308,546,935      $ 5,029,993,308  
  

 

 

    

 

 

    

 

 

 

 

The accompanying Notes to Financial Statements are an integral part of these statements.

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2024

 

     Participant-      Nonparticipant-         
     Directed      Directed      Total  

ADDITIONS TO NET ASSETS ATTRIBUTED TO:

        

Net appreciation in fair value of investments

   $ 518,947,982      $ 233,088,029      $ 752,036,011  

Interest income

     16,062,976        —         16,062,976  

Dividend income

     30,576,357        42,219,548        72,795,905  
  

 

 

    

 

 

    

 

 

 

Net investment income

     565,587,315        275,307,577        840,894,892  

Contributions

        

Participant

     211,648,293        —         211,648,293  

Employer-NextEra Energy, Inc. common stock

     —         83,053,766        83,053,766  

Rollovers

     18,538,676        —         18,538,676  
  

 

 

    

 

 

    

 

 

 

Total contributions

     230,186,969        83,053,766        313,240,735  

Transfer from/to nonparticipant-directed investments

     64,822,370        3,321,594        68,143,964  
  

 

 

    

 

 

    

 

 

 

Total net additions

     860,596,654        361,682,937        1,222,279,591  
  

 

 

    

 

 

    

 

 

 

DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:

        

Benefit payments to participants and beneficiaries

     511,097,938        186,426,746        697,524,684  

Management and administrative expenses

     3,365,862        381,290        3,747,152  

Transfer from/to participant-directed investments

     3,321,594        64,822,370        68,143,964  
  

 

 

    

 

 

    

 

 

 

Total deductions

     517,785,394        251,630,406        769,415,800  
  

 

 

    

 

 

    

 

 

 

NET INCREASE

     342,811,260        110,052,531        452,863,791  
  

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2023

   $ 3,721,446,373      $ 1,308,546,935      $ 5,029,993,308  
  

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2024

   $ 4,064,257,633      $ 1,418,599,466      $ 5,482,857,099  
  

 

 

    

 

 

    

 

 

 

The accompanying Notes to Financial Statements are an integral part of these statements.

 

4


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

1. Description of the Plan

The following description of the NextEra Energy, Inc. Employee Retirement Savings Plan (the Plan) provides only general information. Participating employees (Participants) should refer to the Summary Plan Description (SPD) (as updated periodically through Summaries of Material Modifications) for a more complete description of the Plan and up-to-date information regarding participating subsidiaries, vesting, employer contribution and employee contribution schedules.

General

The Plan is a defined contribution plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The Plan includes a cash or deferred arrangement (Pretax Option) permitted by Section 401(k) of the Internal Revenue Code of 1986, as amended (the Code). The Pretax Option permits Participants to defer federal income taxes on their contributions (Pretax Contributions) until such contributions are distributed from the Plan.

Most employees of NextEra Energy, Inc. (the Company/Employer) and its subsidiaries are eligible to participate in the Plan on the first day of the month coincident with the completion of one full month of service with the Company or its subsidiaries or at any later date.

The Plan contains employee stock ownership plan (ESOP) provisions. The ESOP component is a stock bonus plan within the meaning of U.S. Treasury Regulation Section 1.401-1(b)(1)(iii), which is qualified under Section 401(a) of the Code and is designed to invest primarily in the common stock, par value $.01 per share, of the Company (Company Stock).

The Plan has a dividend payout program which enables Participants to choose how their dividends on certain shares of Company Stock held in the Plan are to be paid. The options available to Participants include reinvestment of dividends in Company Stock or distribution of dividends in cash.

Trustee

Fidelity Management Trust Company (Trustee) administers the NextEra Energy, Inc. Employee Retirement Savings Plan Trust (Trust) established to hold the assets and liabilities of the Plan.

Administration of the Plan

The Plan is intended to qualify as a participant-directed account plan under Section 404(c) of ERISA. The Employee Benefits Advisory Committee (EBAC) acts on behalf of the Company as the Plan Sponsor, as defined by ERISA. The Employee Benefit Plans Administrative Committee (as appointed by EBAC) is the named fiduciary responsible for the general operation and administration of the Plan (but not management or control of Plan assets), and the Employee Benefit Plans Investment Committee (as appointed by EBAC) is the named investment fiduciary, but is not directly responsible for the management and control of the Plan assets. Fidelity Workplace Services LLC (Fidelity) provides recordkeeping services with respect to the Plan.

Employee Contributions

The Plan allows for combined pretax and/or Roth after-tax contributions by eligible employees up to the limit under Code Section 402(g), in whole percentages of up to 50% of their eligible earnings, as defined by the Plan (50% Limit). In addition, eligible employees age 50 or older who contributed the maximum annual amount allowable under the pretax and/or Roth after-tax options in the Plan have the option of contributing an additional pretax catch-up contribution or Roth catch-up contribution in accordance with Code Section 414(v). The Plan also allows for traditional after-tax contributions up to the 50% Limit. Participants may also make rollover contributions which represent distributions from other qualified plans or individual retirement accounts.

Eligible employees are automatically enrolled in Pretax Contributions unless such employees revoke or modify their Pretax Contribution election within 60 days of their date of hire or rehire. The Plan also has an automatic increase feature whereby eligible employees’ deemed Pretax Contributions are increased by 1% each year up to a maximum of 10% unless the eligible employee revokes or otherwise modifies their Pretax Contribution election.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

 

Participants can change their investment elections daily and invest in any combination of different investment options offered under the Plan subject to the Plan’s limitations on investments in Company Stock and Fidelity’s excessive trading policy.

Employer Contributions

The Company provides matching contributions through the ESOP in the form of Company Stock. Participants should refer to the SPD for the employer contribution schedules.

Forfeitures

Forfeitures of nonvested employer matching contributions due to termination of employment are used to restore amounts previously forfeited. Any remaining forfeitures are applied as provided under the Plan.

Vesting

Participants are immediately 100% vested in employee contributions. Participants should refer to the SPD for the vesting schedules for Employer matching contributions. Upon death, total and permanent disability, or certain other circumstances an employee may become 100% vested. In addition, in certain circumstances, such as acquisitions or divestitures, the Plan may recognize previous service for vesting purposes.

Participant Loans

Participants may borrow from their account a minimum of $1,000 up to a maximum of $50,000 or 50% of the vested value of the account (reduced by any outstanding loans), whichever is less. The vested portion of a Participant’s account will be pledged as security for the loan. In general, Participants may not have more than two loans outstanding from the Plan at any time. Participant loans have a fixed annual interest rate based on the prime rate. Loans outstanding at December 31, 2024 carry an interest rate of 3.25% to 8.50% and the majority mature between 2025 and 2029. Participants should refer to the SPD for a description of eligible participant loans.

Benefit Payments and Withdrawals

Withdrawals by Participants from their accounts during their employment are permitted with certain penalties and restrictions. The penalties may limit a Participant’s contributions to the Plan following a withdrawal. Upon termination from employment, Participants are eligible to receive a distribution of the full value of their vested account balance. Terminated Participants can elect to receive a full payment, partial payments, or installments over a period of up to ten years.

Administrative Expenses

Participants pay a fee from their accounts to cover some of the administrative expenses of the Plan. All other expenses are paid as permitted by the Plan or by the Company. Any expenses paid directly by the Company are not included in the financial statements of the Plan.

Plan Termination

Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, Participants will become 100% vested in their accounts.

2. Summary of Significant Accounting Policies

Basis of Accounting

The financial statements of the Plan are prepared under the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

 

Use of Estimates

The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

Investment Valuation

The Plan’s investments are reported at fair value, except for the fully benefit-responsive investment contracts, which are reported at contract value. Fair value measurement guidance emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and sets out a fair value hierarchy intended to disclose information about the relative reliability of fair value measurements, with the highest priority being unadjusted quoted prices in active markets for identical assets or liabilities.

In some cases, a valuation approach used to measure fair value may include inputs from multiple levels of the fair value hierarchy. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.

The Plan recognizes transfers into and out of fair value hierarchy levels at the beginning of the period.

The following are descriptions of the valuation methods and assumptions used by the Plan to estimate the fair values of investments held by the Plan.

Registered investment companies (mutual funds), Company Stock, preferred stock and common stock: Investments in shares of registered investment companies are valued at quoted market prices in active markets (Level 1 inputs), which represent the net asset value of such shares at year-end. Investments in shares of actively traded money market mutual funds are stated at the net asset value of such shares held at year-end (Level 1 inputs). Company Stock and other publicly traded common stock are valued at their quoted market price in active markets (Level 1 inputs). Certain common stock and preferred stock are valued using significant unobservable inputs (Level 3 inputs).

Collective trust funds: The fair values of participation units held in collective trust funds are based on the net asset value per unit share reported by the fund manager as of the financial statement dates and on recent transaction prices (Level 2 inputs). Each collective trust fund provides for daily redemptions reported at net asset value per unit share, with no advance notice requirement.

The following is a description of the valuation methods and assumptions used by the Plan to report the contract value of the fully benefit-responsive synthetic guaranteed investment contracts held by the Plan.

Investment contracts (wrapper contracts): The Managed Income Fund holds fully benefit-responsive investment contracts (wrapper contracts) (see Note 7) with various insurance companies and financial institutions in order to provide Participants with a stable, fixed-rate of return on investments and protection of principal from changes in market interest rates. The crediting interest rate resets monthly and is based on an agreed upon formula with the issuers but cannot be less than zero. The key factors that influence future rates could include the following: the level of market interest rates, the difference between the fully benefit-responsive investment contracts’ book and market values, the amount and timing of Participant contributions, transfers and withdrawals into/out of the fully benefit-responsive investment contracts, and the duration of the underlying investments backing the fully benefit-responsive investment contracts.

The Managed Income Fund is comprised of synthetic guaranteed investment contracts, each of which is valued at contract value. Each synthetic guaranteed investment contract consists of a wrapper contract and the underlying investments of the wrapper contract are primarily debt securities. The underlying investments in the Managed Income Fund include U.S. Treasury notes, asset-backed and mortgage-backed securities, corporate bonds, government agency notes and interest-bearing cash. The contracts are unallocated in nature and are fully benefit-responsive. Therefore, net assets available for benefits reflects the contract value of the Managed Income Fund. There are no reserves against contract values (which represent contributions made under the contract, plus earnings, less withdrawals and administrative expenses) for credit risk of the contract issuer or otherwise. Wrapper contracts provide the Managed Income Fund with the ability to use contract value accounting to maintain a constant $1.00 unit price. Wrapper contracts also provide for the payment of participant-directed withdrawals and exchanges at contract value (principal and interest accrued to date) during the term of the wrapper contracts. However, withdrawals prompted by certain events (e.g., layoffs, retirement during specified early retirement window periods, spin-offs, sale of a division, facility closings, plan terminations, partial plan terminations, changes in law or regulation, material breach of contract responsibilities, loss of the Plan’s qualified status, etc.) may be paid at fair value which may be less than contract value.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

 

Currently, management believes that the occurrence of an event that would cause the Plan to be paid at less than contract value is not probable. A contract issuer may terminate a wrapper contract at any time; however, if the fair value of the contract is less than the contract value, the contract issuer can either hold the contract until the fair value and contract value are equal or make up the difference between the two. If the funds in the wrapper contracts are needed for benefit payments prior to contract maturity, they may be withdrawn without penalty.

Investment Income Recognition

Purchases and sales of investment securities are recorded on the trade date. Gains or losses on sales of investment securities are determined using the average cost method of the securities. The carrying amounts of securities held in Participants’ accounts are adjusted daily. Unrealized appreciation or depreciation is recorded to recognize changes in fair value. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.

Payment of Benefits

Benefits distributed to Participants are recorded when paid.

Participant Loans

Participant loans are reported at their unpaid principal balance plus any accrued but unpaid interest, with no allowance for credit losses, and the loans are collateralized by the Participants’ account balances in the Plan. In general, repayments of principal and interest are received through payroll deductions or direct payment to the Trustee.

3. Risks and Uncertainties

Investments

The Plan, in general, is exposed to various risks, many of which are beyond the control of the Plan Sponsor. Some such risks include risks around investment securities such as interest rate, credit, liquidity, global events and overall market volatility, which could result in changes in the value of such securities. Due to the level of risk associated with certain types of investment securities, it is at least reasonably possible that changes in the values of the investment securities may occur in the near term and that such changes could materially affect Participants’ account balances and the amounts reported in the statements of net assets available for benefits and the statement of changes in net assets available for benefits.

4. Nonparticipant-Directed Investments

The “Nonparticipant-Directed” net assets of the Plan and changes therein represent Employer contributions into the ESOP component of the Plan. Participants have the option to reinvest nonparticipant-directed investments daily among any of the other investment options available under the Plan.

5. Parties-In-Interest Transactions

Parties-in-interest are defined under Department of Labor (DOL) regulations as any fiduciary of the Plan, any party rendering service to the Plan, the Employer, and certain others. Dividend income earned by the Plan includes dividends on Company Stock. In accordance with the Plan and the Company’s Dividend Reinvestment and Direct Stock Purchase Plan in which the Trustee participates, Participants may elect to reinvest dividends in Company Stock or receive dividends in cash. During 2024, dividends on shares of Company Stock held in Participants’ accounts totaled $54,558,481.

During 2024, employer contributions of Company Stock credited to Participant’s accounts totaled $83,053,766 which equated to 1,194,957 shares. Realized gains on shares of Company Stock sold by Participants during 2024 totaled $44,591,539. At December 31, 2024 and 2023, the number of shares of Company Stock held in Participants’ accounts totaled 25,162,977 and 27,823,596, respectively, with a fair value of $1,803,933,814 and $1,690,005,215, respectively.

Certain fees were paid by the Plan to the managers of the investments held in the Plan and certain Plan investments are managed by an affiliate of the Trustee or investment advisors of the Plan. These transactions qualify as party in interest transactions. The Plan also pays

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

 

for various administrative expenses to service providers which constitute party-in-interest transactions. Additionally, the Plan reimburses the Company for a portion of the direct costs incurred in the administration of the Plan which are considered party-in-interest transactions. Participant loans held by the Plan of $74,021,654 and $70,903,605 at December 31, 2024 and December 31, 2023, respectively, are also considered party-in-interest transactions.

6. Investments

The Plan’s financial assets and other fair value measurements made on a recurring basis by fair value hierarchy level are as follows:

 

    December 31, 2024  
    Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
    Total  

Participant-directed investments:

       

Registered investment companies

  $ 380,879,084     $ —      $ —      $ 380,879,084  

Collective trust funds

    —        2,504,711,886       —        2,504,711,886  

Preferred stock

    —        —        535,175       535,175  

Common stock other than NextEra Energy, Inc. common stock

    567,181,434       —        251,661       567,433,095  

NextEra Energy, Inc. common stock

    403,320,650       —        —        403,320,650  
 

 

 

   

 

 

   

 

 

   

 

 

 

Total participant-directed investments

    1,351,381,168       2,504,711,886       786,836       3,856,879,890  

Nonparticipant-directed investments:

       

Registered investment companies

    14,903,037       —        —        14,903,037  

NextEra Energy, Inc. common stock

    1,400,613,164       —        —        1,400,613,164  
 

 

 

   

 

 

   

 

 

   

 

 

 

Total nonparticipant-directed investments

    1,415,516,201       —        —        1,415,516,201  

Total investments in the fair value hierarchy

    2,766,897,369       2,504,711,886       786,836       5,272,396,091  
 

 

 

   

 

 

   

 

 

   

 

 

 

Investments at contract value

          134,365,790  
       

 

 

 

Total investments

        $ 5,406,761,881  
       

 

 

 

 

    December 31, 2023  
    Quoted Prices     Significant              
    in Active     Other     Significant        
    Markets for     Observable     Unobservable        
    Identical Assets     Inputs     Inputs        
    (Level 1)     (Level 2)     (Level 3)     Total  

Participant-directed investments:

       

Registered investment companies

  $ 363,163,353     $ —      $ —      $ 363,163,353  

Collective trust funds

    —        2,255,847,026       —        2,255,847,026  

Preferred stock

    —        —        653,585       653,585  

Common stock other than NextEra Energy, Inc. common stock

    460,193,940       —        225,257       460,419,197  

NextEra Energy, Inc. common stock

    395,831,605       —        —        395,831,605  
 

 

 

   

 

 

   

 

 

   

 

 

 

Total participant-directed investments

    1,219,188,898       2,255,847,026       878,842       3,475,914,766  

Nonparticipant-directed investments:

       

Registered investment companies

    9,781,368       —        —        9,781,368  

NextEra Energy, Inc. common stock

    1,294,173,610       —        —        1,294,173,610  
 

 

 

   

 

 

   

 

 

   

 

 

 

Total nonparticipant-directed investments

    1,303,954,978       —        —        1,303,954,978  

Total investments in the fair value hierarchy

    2,523,143,876       2,255,847,026       878,842       4,779,869,744  
 

 

 

   

 

 

   

 

 

   

 

 

 

Investments at contract value

          175,564,283  
       

 

 

 

Total investments

        $ 4,955,434,027  
       

 

 

 

7. Managed Income Fund

The contract value of fully benefit-responsive investment contracts was $134,365,790 and $175,564,283, respectively, at December 31, 2024 and 2023. The contract value of the fully benefit-responsive investment contracts includes interest-bearing cash of $419,235 and $651,281, respectively, at December 31, 2024 and 2023. The contract value of fully benefit-responsive investment contracts excludes short term investments in registered investment companies that are not covered by the wrapper contracts. These investments are reported at fair value in the amount of $2,554,876 and $3,580,286, respectively, at December 31, 2024 and 2023.

 

9


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

 

8. Income Taxes

On June 17, 2015, the Internal Revenue Service (IRS) made a favorable determination that the Plan meets the requirements of Section 401(a) of the Code. The Plan has been amended since receiving the favorable determination letter and due to expiry of the determination letter program, no new letter is expected. The Company and the plan administrator believe that the Plan is currently designed and operated in material compliance with the applicable requirements of the Code and that the Plan continues to be tax-exempt. The Trust established under the Plan will generally be exempt from federal income taxes under Section 501(a) of the Code; Company contributions paid to the Trust under the Plan will be allowable federal income tax deductions of the Company subject to the conditions and limitations of Section 404 of the Code; and the Plan meets the requirements of Section 401(k) of the Code allowing Pretax Contributions to be exempt from federal income tax at the time such contributions are made, provided that in operation the Plan and Trust meet the applicable provisions of the Code. Participants are given the option to receive dividend distributions on Company Stock in cash; all vested dividends earned by Participants are deductible by the Company.

Employer matching contributions to the Plan on a Participant’s behalf, the Participant’s Pretax Contributions, and the earnings thereon generally are not taxable to the Participant until such Employer matching contributions, Pretax Contributions, and earnings thereon are distributed or withdrawn. Participant’s Roth after-tax contributions and the earnings thereon generally are not taxable to the Participant if made as a qualified distribution. Earnings on traditional after-tax contributions are not taxable to the Participant until distributed or withdrawn. A loan from a Participant’s account generally will not represent a taxable distribution if the loan is repaid in a timely manner and does not exceed certain limitations.

Accounting principles generally accepted in the United States of America require plan administrators to evaluate tax positions taken by the Plan. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2024 and 2023, respectively, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine regulatory audits. The plan administrator believes it is no longer subject to tax audits for periods prior to 2021.

 

10


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2024

 

 (a) 

  

(b)

Identity of issue, borrower, lessor, or similar party

   (c)
Description of
investment including
maturity date, rate of
interest, collateral, par,
or maturity value
      (d) Cost    (e)
 Current value 
 
  

Cash and Cash Equivalents:

       
  

USD (US Dollars)

     419,235      **   $ 419,235  
        

 

 

 

 

 
  

Total Cash and Cash Equivalents

      —    $ 419,235  
        

 

 

 

 

 
  

Common Stock:

       
  

ADOBE INC

     10,558      **   $ 4,694,931  
  

ADVANCED MICRO DEVICES INC

     22,092      **     2,668,493  
  

AFFIRM HOLDINGS INC

     14,549      **     886,034  
  

ALPHABET INC CL A

     206,584      **     39,106,351  
  

AMAZON.COM INC

     219,879      **     48,239,254  
  

AMPHENOL CORPORATION CL A

     141,692      **     9,840,509  
  

APPLE INC

     203,843      **     51,046,364  
  

ARGENX SE SPONSORED ADR

     6,986      **     4,296,390  
  

ASML HLDG NV (NY REG SHS) NEW YORK REGISTERED SHARES

     5,239      **     3,631,046  
  

ATLASSIAN CORP PLC CLS A

     20,492      **     4,987,343  
  

AURORA INNOVATION INC

     189,676      **     1,194,959  
  

BECTON DICKINSON & CO

     17,492      **     3,968,411  
  

BOEING CO

     23,084      **         4,085,869  
  

CHIPOTLE MEXICAN GRILL INC

     73,595      **     4,437,779  
  

CIGNA GROUP (THE)

     28,182      **     7,782,177  
  

COUPANG INC A

     219,778      **     4,830,720  
  

DANAHER CORP

     17,977      **     4,126,620  
  

DYNATRACE INC

     49,918      **     2,713,043  
  

ELI LILLY & CO

     15,793      **     12,192,196  
  

ENTEGRIS INC

     38,950      **     3,858,387  
  

EQUIFAX INC

     19,474      **     4,962,949  
  

FAIR ISAAC CORP

     2,137      **     4,254,617  
  

FISERV INC

     86,021      **     17,670,434  
  

HOWMET AEROSPACE INC

     44,909      **     4,911,697  
  

HUBSPOT INC

     7,516      **     5,236,923  
  

INGERSOLL RAND INC

     52,137      **     4,716,313  
  

INTUIT INC

     28,864      **     18,141,024  
  

INTUITIVE SURGICAL INC

     24,541      **     12,809,420  
  

LEGEND BIOTECH CORP SPON ADR

     40,456      **     1,316,438  
  

LULULEMON ATHLETICA INC

     7,927      **     3,031,364  
  

MAGIC LEAP INC A P/P

     719      **      
  

MASTERCARD INC CL A

     39,377      **     20,734,747  
  

MERCADOLIBRE INC

     1,812      **     3,081,197  
  

META PLATFORMS INC CL A

     53,139      **     31,113,416  
  

MICROSOFT CORP

     161,019      **     67,869,509  
  

NATERA INC

     12,651      **     2,002,653  
  

NETFLIX INC

     11,400      **     10,161,048  
  

NVIDIA CORP

     412,500      **     55,394,625  
  

ROSS STORES INC

     35,111      **     5,311,241  
  

SCHLUMBERGER LTD

     75,034      **     2,876,804  
  

SCHWAB CHARLES CORP

     49,655      **     3,674,967  
  

SERVICENOW INC

     10,717      **     11,361,306  
  

SHOPIFY INC CL A

     60,837      **     6,468,798  
  

SONOVA HLDG AG UNSPON ADR

     50,367      **     3,275,870  
  

STRIPE INC CLASS B PP

     9,148      **     251,661  
  

STRYKER CORP

     23,015      **     8,286,551  
  

THE BOOKING HOLDINGS INC

     1,935      **     9,613,893  
  

TRADEWEB MARKETS INC A

     19,680      **     2,576,506  
  

UNITEDHEALTH GROUP INC

     27,544      **     13,933,408  
  

VISA INC CL A

     43,687      **     13,806,839  
  

GCI LIBERTY INC CL A ESCROWE LINE

     88,380      **     1  
*   

NEXTERA ENERGY, INC. (PARTICIPANT-DIRECTED)

     5,625,898      **     403,320,650  
*   

NEXTERA ENERGY, INC. (NONPARTICIPANT-DIRECTED)

     19,537,079      $445,170,673     1,400,613,164  
        

 

 

 

 

 
  

Total Common Stock

      $445,170,673   $ 2,371,366,909  
        

 

 

 

 

 
  

Preferred Stock:

       
  

NURO INC/CA SER C PC PP

     47,663      **   $ 156,335  
  

SILA NANOTECHNOLOGIES INC SER F 0% PC PP

     9,212      **     180,129  
  

RAPPI INC SER E PFD PERP PP

     9,111      **     198,711  
        

 

 

 

 

 
  

Total Preferred Stock

      —    $ 535,175  
        

 

 

 

 

 

 

11


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2024

 

 (a) 

  

(b)

Identity of issue, borrower, lessor, or similar party

   (c)
Description of
investment including
maturity date, rate of
interest, collateral, par,
or maturity value
      (d) Cost    (e)
 Current value 
 
  

Collective Trust Funds:

       
*   

BLACKROCK RUSSELL 2000 INDEX FUND M

     1,191,753      **   $ 38,845,194  
*   

BTC ACWI EX US IMI M

     2,338,971      **     42,481,788  
*   

BTC EQUITY INDEX J

     13,771,254      **     390,866,742  
*   

BTC RUSSELL 3000 M

     4,861,016      **     168,082,280  
*   

BTC US DEBT INDEX M

     3,512,572      **     42,183,532  
*   

COHEN & STEERS US REALTY SHARES B

     2,125,980      **     45,495,963  
*   

EARNEST SMID CP CORE

     445,356      **     7,299,378  
*   

LS CORE PL FXINC D

     2,696,808      **     44,389,466  
*   

PIMCO DIVERSIFIED REAL ASSET TRUST

     686,482      **     12,912,734  
*   

VANGUARD TARGET RETIREMENT 2020 TRUST PLUS

     372,413      **        27,458,025  
*   

VANGUARD TARGET RETIREMENT 2025 TRUST PLUS

     3,046,120      **     247,923,694  
*   

VANGUARD TARGET RETIREMENT 2030 TRUST PLUS

     1,637,924      **     144,776,061  
*   

VANGUARD TARGET RETIREMENT 2035 TRUST PLUS

     4,233,378      **     405,684,654  
*   

VANGUARD TARGET RETIREMENT 2040 TRUST PLUS

     978,547      **     100,242,322  
*   

VANGUARD TARGET RETIREMENT 2045 TRUST PLUS

     3,178,990      **     340,342,709  
*   

VANGUARD TARGET RETIREMENT 2050 TRUST PLUS

     867,599      **     94,360,052  
*   

VANGUARD TARGET RETIREMENT 2055 TRUST PLUS

     1,332,663      **     144,713,901  
*   

VANGUARD TARGET RETIREMENT 2060 TRUST PLUS

     690,741      **     45,174,489  
*   

VANGUARD TARGET RETIREMENT 2065 TRUST PLUS

     684,672      **     27,653,891  
*   

VANGUARD TARGET RETIREMENT 2070 TRUST PLUS

     166,034      **     4,062,855  
*   

VANGUARD TARGET RETIREMENT INCOME TRUST PLUS

     1,193,104      **     66,873,496  
*   

RUSSELL 2000 ALPHA TILTS FUND F

     2,651,644      **     58,762,814  
*   

SSBK GOVERNMENT STIF FUND (US LARGE CAP GROWTH FUND)

     4,064,940      **     4,064,940  
*   

SSBK STIF FUND (SMALL MID CAP GROWTH FUND)

     60,906      **     60,906  
        

 

 

 

 

 
  

Total Collective Trust Funds

      —    $ 2,504,711,886  
        

 

 

 

 

 
  

Registered Investment Companies:

       
*   

AF EUROPAC GROWTH R6

     1,299,201      **   $ 69,793,086  
*   

EATON VANCE FLOATING-RATE & HIGH INCOME FUND R6

     2,574,760      **     21,370,510  
*   

JPM EQUITY INCOME R6 FUND

     5,116,428      **     122,487,297  
*   

VANGUARD VMMR-FED MONEY MARKET

     161,965,845      **     161,965,845  
*   

FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC.
PARTICIPANT-DIRECTED)

     2,707,470      **     2,707,470  
*   

FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. NONPARTICIPANT-DIRECTED)

     14,903,037      $14,903,037     14,903,037  
*   

FIDELITY INSTITUTIONAL CASH PORTFOLIO (MANAGED INCOME FUND)

     2,554,876      **     2,554,876  
        

 

 

 

 

 
  

Total Registered Investment Companies

      $14,903,037   $ 395,782,121  
        

 

 

 

 

 
  

U.S. Treasury Notes:

       
  

UST NOTES 3.375% 09/15/2027

     3,616,200      **   $ 3,570,234  
  

UST NOTES 3.5% 01/31/2028

     2,324,500      **     2,305,262  
  

UST NOTES 3.5% 04/30/2028

     4,693,900      **     4,604,159  
  

UST NOTES 3.625% 03/31/2028

     3,125,100      **     3,089,738  
  

UST NOTES 3.625% 05/31/2028

     1,832,500      **     1,798,201  
  

UST NOTES 3.625% 08/31/2029

     2,358,800      **     2,312,486  
  

UST NOTES 3.75% 08/15/2027

     7,173,000      **     7,183,469  
  

UST NOTES 4% 01/31/2029

     3,176,100      **     3,185,759  
  

UST NOTES 4% 02/29/2028

     4,940,400      **     4,962,623  
  

UST NOTES 4% 06/30/2028

     2,972,700      **     2,942,292  
  

UST NOTES 4% 07/31/2029

     5,083,000      **     5,089,589  
  

UST NOTES 4.125% 02/15/2027

     7,779,400      **     7,879,409  
  

UST NOTES 4.125% 10/31/2027

     3,645,100      **     3,656,471  
  

UST NOTES 4.125% 10/31/2029

     1,837,500      **     1,829,320  
  

UST NOTES 4.25% 02/28/2029

     2,681,500      **     2,707,689  
  

UST NOTES 4.5% 05/31/2029

     9,868,500      **     9,954,696  
  

UST NOTES 4.625% 09/15/2026

     7,854,100      **     8,009,254  
  

UST NOTES 4.875% 10/31/2028

     5,456,600      **     5,600,292  
        

 

 

 

 

 
  

Total U.S. Treasury Notes

      —    $ 80,680,943  
        

 

 

 

 

 
  

Government Agency Notes:

       
  

CA ST 2.40% 10/1/2025

     440,000      **   $ 436,256  
        

 

 

 

 

 
  

Total Government Agency Notes

      —    $ 436,256  
        

 

 

 

 

 

 

12


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2024

 

 (a) 

  

(b)

Identity of issue, borrower, lessor, or similar party

   (c)
Description of
investment including
maturity date, rate of
interest, collateral, par,
or maturity value
      (d) Cost    (e)
Current value 
 
  

Mortgage Backed Securities:

       
  

BENCHMARK MORTGAGE TRUST 2018-B7 A2 4.377% 05/15/2053

     260,658      **   $ 259,600  
  

BENCHMARK MTG TR 2018-B2 A2 3.6623% 02/15/2051

     9,087      **     8,975  
  

BENCHMARK MTG TR 2018-B8 A2 4.149% 01/15/2052

     95,916      **     95,572  
  

BX 2021-BXMF TSFR1M+75.041 10/15/2026 144A

     241,600      **     241,130  
  

BX COML MTG TR 2024-GPA3 A TSFR1M+149.25 12/15/2029 144A

     33,000      **     33,085  
  

BX COMMERCIAL MORTGAGE TRUST 2021-PAC TSFR1M+80.358 21 10/15/2036 144A

     325,000      **     324,173  
  

BX COMMERCIAL MORTGAGE TRUST 22-LP2 A TSFR1M+96.27 02/15/2039 144A

     282,812      **     283,622  
  

BX TR 2021-ACNT TSFR1M+96.448 11/15/2026 144A

     274,473      **     274,911  
  

CITIGROUP COML MTG TR 2016-GC36 AAB 3.368% 02/10/2049

     51,865      **     51,655  
  

ELP COMMERCIAL MORTGAGE TRUST 2021-ELP TSFR1M+81.548 1 11/15/2036 144A

     443,484      **     444,298  
  

FEDERAL HOME LN MTG MLT CTF GT 2019-4872 AB 4% 08/15/2047

     140,660      **     138,593  
  

FEDERAL HOME LN MTG MLT CTF GT 3% 07/25/2039

     212,930      **     197,925  
  

FEDERAL HOME LN MTG MLT CTF GT 3.0% 05/15/2045

     106,362      **     100,088  
  

FEDERAL HOME LN MTG MLT CTF GT 4% 07/15/2047

     138,405      **     135,915  
  

FEDERAL HOME LN MTG MLT CTF GT 4847 CA 3.5% 11/15/2045

     69,460      **     68,527  
  

FEDERAL HOME LN MTG MLT CTF GT 5.0% 02/15/2040

     32,628      **     32,695  
  

FEDERAL HOME LN MTGE CORP 4765 QA 3% 02/15/2046

     231,953      **     217,705  
  

FEDERAL NAT MTG ASN GTD REM 2011-26 PA 4.5% 04/25/2041

     61,919      **     60,993  
  

FEDERAL NAT MTG ASN GTD REM 2017-97 P 3% 01/25/2047

     221,688      **     204,222  
  

FEDERAL NAT MTG ASN GTD REM PA 1.85% 05/25/2033

     142,773      **     130,264  
  

FEDERAL NAT MTG ASN GTD REM PA 2% 06/25/2035

     337,703      **     314,473  
  

FEDERAL NAT MTG ASN GTD REM PA 2.5% 05/25/2045

     264,617      **     243,524  
  

FEDERAL NAT MTG ASN GTD REM PA 2.5% 10/25/2039

     157,544      **     141,450  
  

FEDERAL NAT MTG ASN GTD REM PA 2017-11 HA 3.5% 12/25/2045

     204,323      **     194,539  
  

FEDERAL NAT MTG ASN GTD REM PA 2018-3 LP 3% 02/25/2047

     337,918      **     314,680  
  

FEDERAL NAT MTG ASN GTD REM PA 2019-14 DA 4% 03/25/2048

     98,860      **     95,851  
  

FEDERAL NAT MTG ASN GTD REM PA 2019-38 AB 3% 07/25/2039

     276,496      **         256,189  
  

FEDERAL NAT MTG ASN GTD REM PA 3% 03/25/2048

     469,589      **     436,831  
  

FEDERAL NAT MTG ASN GTD REM PA 3.0% 04/25/2044

     63,430      **     60,521  
  

FEDERAL NAT MTG ASN GTD REM PA 3.5% 02/25/2046

     97,855      **     96,435  
  

FEDERAL NAT MTG ASN GTD REM PA 4% 11/25/2048

     121,216      **     114,830  
  

FEDERAL NATL MTG AS GTD RE PTT 2016-105 PA 3.5% 04/25/2045

     94,972      **     91,774  
  

FEDERAL NATL MTG AS GTD RE PTT 2018-11 LA 3.5% 07/25/2045

     125,353      **     121,466  
  

FHLG 7.50% 7/34 #G02115

     15,134      **     15,867  
  

FHLG 15YR 2.5% 01/01/2028#SB0799

     41,647      **     40,877  
  

FHLG 15YR 2.5% 12/01/2031#SB0093

     255,313      **     242,175  
  

FHLG 15YR 3% 03/01/2033#SB0181

     467,317      **     446,769  
  

FHLG 15YR 3% 05/01/2033#G16550

     185,051      **     176,996  
  

FHLG 20YR 3% 11/01/2033#G30872

     167,408      **     158,086  
  

FHLG 20YR 3.5% 06/01/2032#C91456

     133,455      **     128,474  
  

FHLG 20YR 3.5% 07/01/2032#G31067

     69,102      **     66,553  
  

FHLG 25YR 5.50% 7/35 #G05815

     9,112      **     9,355  
  

FHLG 5.50% 3/34 #G01665

     14,393      **     14,779  
  

FHLG 5.50% 5/34 #Z40042

     104,242      **     106,918  
  

FNMA 6.50% 7/32 #545762

     2,179      **     2,265  
  

FNMA 6.50% 7/35 #745092

     2,416      **     2,520  
  

FNMA 6.50% 12/32 #735415

     2,205      **     2,293  
  

FNMA 15YR 2% 02/01/2028#FS3865

     50,151      **     48,726  
  

FNMA 15YR 2.5% 01/01/2028#FS3867

     47,746      **     46,795  
  

FNMA 15YR 2.5% 01/01/2029#

     87,199      **     84,849  
  

FNMA 15YR 2.5% 10/01/2031#AS8010

     110,281      **     104,730  
  

FNMA 15YR 3% 02/01/2033#BM5108

     595,511      **     569,856  
  

FNMA 15YR 3% 12/01/2032#BM5109

     560,923      **     539,755  
  

FNMA 15YR 3.5% 02/01/2033#FM9794

     73,779      **     72,370  
  

FNMA 15YR 3.5% 09/01/2029#AL5878

     41,662      **     41,061  
  

FNMA 15YR 3.5% 11/01/2030#AL7688

     38,253      **     37,653  
  

FNMA 15YR 3.5% 12/01/2028#AV1907

     3,522      **     3,472  
  

FNMA 15YR 4% 02/01/2034#FM3001

     306,519      **     298,228  
  

FNMA 15YR 4% 03/01/2034#FM2867

     679,773      **     661,387  
  

FNMA 15YR 4.5% 11/01/2025#AL8242

     268      **     268  
  

FNMA 20YR 2.5% 01/01/2033#AL2974

     46,500      **     43,363  
  

FNMA 20YR 2.5% 01/01/2033#AL2975

     58,240      **     54,270  

 

13


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2024

 

 (a) 

  

(b)

Identity of issue, borrower, lessor, or similar party

   (c)
Description of
investment including
maturity date, rate of
interest, collateral, par,
or maturity value
      (d) Cost    (e)
Current value 
 
  

FNMA 20YR 2.5% 01/01/2033#AL2976

     32,994      **     30,701  
  

FNMA 20YR 2.5% 01/01/2033#AL2982

     37,856      **     35,302  
  

FNMA 20YR 3.00% 11/32 #MA1237

     483,836      **     457,068  
  

FNMA 20YR 4.5% 03/01/2039#FM1774

     32,032      **     31,167  
  

FNMA 20YR 4.5% 06/01/2039#FM1045

     16,365      **     15,923  
  

FNMA 20YR 4.5% 08/01/2039#FM1353

     44,964      **     43,764  
  

FNMA 5.50% 11/34 #310105

     74,310      **     76,127  
  

FNMA 6.50% 12/35 #AD0723

     12,479      **     13,001  
  

FNMA 6.50% 7/32 #545759

     3,840      **     3,993  
  

FNMA 6.50% 8/36 #888034

     2,732      **     2,845  
  

FNMA 6.50% 8/36 #888544

     10,739      **     11,187  
  

FNMA 6.50% 8/36 #AE0746

     9,085      **     9,462  
  

FNMA GTD MTG PASS THRU CTF 3.5% 10/25/2044

     139,841      **     136,906  
  

FNR 2013-16 GP 3% 1/1/33

     26,293      **     25,772  
  

FNR 2015-42 LE 3.0% 06/25/45

     144,674      **     137,181  
  

FNR 2015-49 LE 3% 07/45

     118,335      **     112,057  
  

FNR 2015-54 GA 2.5% 07/25/2045

     81,703      **     77,833  
  

FNR 2016-19 AH 3% 04/46

     123,353      **     116,288  
  

FNR 2016-26 CG 3% 05/46

     323,509      **         305,171  
  

FNR 2016-34 GH 3% 06/46

     297,621      **     281,914  
  

FNR 2016-37 BK 3% 06/25/46

     345,059      **     326,296  
  

FNR 2017-20 AP 3.5% 03/25/2045

     235,187      **     226,822  
  

FNR 2018-16 NB 3.25% 12/25/2044

     12,868      **     12,787  
  

FREDDIE MAC REMICS 2018-4766 MA 3.5% 02/15/2046

     214,826      **     207,707  
  

FREDDIE MAC REMICS 3% 10/25/2048

     232,160      **     211,820  
  

GS MTG SECS TR 2015-GC32 AAB 3.513% 07/10/2048

     14,334      **     14,343  
*   

JPMCC COML MTG SECS TR 2016-JP4 A2 2.984% 12/15/2049

     30,458      **     29,814  
  

LIFE FINANCIAL SERVICES TRUST 2022 TSFR1M+129.52405/15/2039 144A

     459,000      **     449,906  
  

MSBAM 2016-C28 3.272% 01/15/49

     135,491      **     134,221  
  

OPG TR 2021-PORT TSFR1M+59.848 8 10/15/2036 144A

     421,109      **     420,523  
  

SREIT TR 2021-MFP TSFR1M+84.528 08 11/15/2038 144A

     284,188      **     284,625  
  

TAUBMAN CENTERS COMMERCIAL MORTGAGE TRUST 24-DPM ATSFR1M+139.27 12/15/2039 144A

     111,000      **     111,178  
  

WFCM 2016-C34 A2 2.603% 06/49

     30,891      **     30,899  
        

 

 

 

 

 
  

Total Mortgage Backed Securities

      —    $ 14,191,824  
        

 

 

 

 

 
  

Asset Backed Securities:

       
  

ALLY AUTO RECEIVABLES TRUST 2024-1 5.08% 12/15/2028

     74,000      **   $ 74,689  
  

AMERICAN EXPRESS CR ACC MST TR 4.87% 05/15/2028

     281,000      **     283,089  
  

AMERICAN EXPRESS CR ACC MST TR 5.23% 04/15/20292029

     400,000      **     407,007  
  

AMERICAN EXPRESS CR ACC MST TR 5.23% 09/15/20288

     544,000      **     552,187  
  

BA CR CARD TR 4.79% 05/15/2028

     203,000      **     204,320  
  

BA CR CARD TR 4.98% 11/15/2028

     246,000      **     248,914  
  

BMW VECHILE OWNER TRUST 2023-A 5.47% 02/25/2028

     73,000      **     73,737  
  

CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2023-2 5.82% 06/15/2028

     422,000      **     430,631  
  

CARMAX AUTO OWNER TR 2023-2 5.05% 01/18/2028

     544,000      **     547,671  
  

CARMAX AUTO OWNER TR 2023-4 6% 07/17/2028

     82,000      **     83,690  
  

CARMAX AUTO OWNER TR 2024-2 5.5% 01/16/2029

     51,000      **     51,937  
  

CARMAX AUTO OWNER TRUST 2024-1 4.92% 10/16/2028

     181,000      **     182,382  
  

CARMX 2023-3 A3 5.28% 05/15/2028

     340,000      **     343,673  
  

CHASE ISSUANCE TR 5.08% 09/15/2030

     576,000      **     586,704  
  

CHASE ISSUANCE TR 5.16% 09/15/2028

     635,000      **     643,893  
  

CITIBANK CR CARD ISSUANCE TR 5.23% 12/08/2027027

     189,000      **     190,857  
  

CITIZENS AUTO RECEIVABLES TRUST 2024-2 5.33% 08/15/2028 144A

     84,000      **     85,111  
  

DAIMLER TRUCKS RETAIL TRUST 2024-1 5.49% 12/15/2027

     240,000      **     243,625  
  

DELL EQUIP FIN TR 2023-2 5.65% 01/22/2029 144A

     160,000      **     161,186  
  

DELL EQUIPMENT FINANCE TRUST 2023-3 5.93% 04/23/2029 144A

     215,000      **     218,140  
  

DELL EQUIPMENT FINANCE TRUST 24-1 5.39% 03/22/2030144A

     113,000      **     114,408  
  

DLLAA 2023-1A 5.64% 02/22/2028 144A

     39,000      **     39,651  
  

DLLAD 2024-1 LLC 5.3% 07/20/2029 144A

     21,000      **     21,311  
  

DLLMT 2024-1 LLC 4.84% 08/21/2028 144A

     127,000      **     127,499  
  

FORD CR FLOORPLN MAST OWN TR A 4.92% 05/15/2028 144A

     344,000      **     346,391  
  

FORD CR FLOORPLN MAST OWN TR A 5.29% 04/15/2029 144A

     335,000      **     340,341  
  

FORD CREDIT AUTO OWNER TRUST 2023-B 5.23% 05/15/2028

     308,000      **     311,389  
  

GM FINANCIAL LEASING TRUST 2023-3 5.38% 11/20/20266

     40,000      **     40,275  

 

14


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2024

 

 (a) 

  

(b)

Identity of issue, borrower, lessor, or similar party

   (c)
Description of
investment including
maturity date, rate of
interest, collateral, par,
or maturity value
      (d) Cost    (e)
Current value 
 
  

GM FINANCIAL SECURITIZED TERM AUTO RECEIVABLES TR2023-4 5.78% 08/16/2028

     348,000      **     354,720  
  

GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2023-24.47% 02/16/2028

     141,000      **     141,258  
  

GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2023-35.45% 06/16/2028

     83,000      **     84,084  
  

GMF FLOORPLAN OWNER REVOLVING TR 5.34% 06/15/2028144A

     455,000      **     461,192  
  

HAROT 2023-4 5.67% 06/21/2028

     302,000      **     307,269  
  

HUNTINGTON AUTO TR 2024-1 5.23% 01/16/2029 144A

     459,000      **     464,752  
  

HYUNDAI AUTO RECEIVABLES TR 2024-A 4.99% 02/15/2029

     76,000      **     76,729  
  

HYUNDAI AUTO RECEIVABLES TRUST 2023-A 4.58% 04/15/2027

     160,508      **     160,886  
  

HYUNDAI AUTO RECEIVABLES TRUST 2023-B 5.48% 04/17/2028

     84,000      **     85,122  
  

HYUNDAI AUTO RECEIVABLES TRUST 2023-C 5.54% 10/16/2028

     249,000      **     253,274  
  

MERCEDES-BENZ AUTO LEASE TRUST 2024-A 5.32% 01/18/2028

     75,000      **     76,065  
  

MERCEDES-BENZ AUTO RECEIVABLES TR 2023-2 5.95% 11/15/2028

     193,000      **     197,068  
  

NISSAN AUTO RECEIVABLES 2023-B OWNER TR 5.93% 03/15/2028

     230,000      **     234,291  
  

NISSAN MASTER OWNER TR RECEIVABLE 5.05% 02/15/2029144A

     133,000      **     134,154  
  

PORSCHE FINL AUTO SECURITIZATION TR 2023 5.79% 01/22/2029 144A

     183,000      **     184,820  
  

TESLA 2024-A A3 5.3% 06/21/2027 144A

     170,000      **     171,265  
  

TOYOTA AUTO RECEIVABLES 2023-D OWNER TR 5.54% 08/15/2028

     247,000      **     251,229  
  

USAA AUTO OWNER TRUST 2023-A 5.58% 05/15/2028 144A

     458,000      **     463,494  
  

VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2023-1 5.02% 06/20/2028

     231,000      **         232,685  
  

VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2023-2 5.48% 12/20/2028

     286,000      **     291,134  
  

WELLS FARGO CARD ISSUANCE TRUST 4.94% 02/15/2029029

     398,000      **     402,627  
  

WORLD OMNI AUTO RECEIVABLES TR 2023-D 5.79% 02/15/2029

     276,000      **     281,553  
  

WORLD OMNI AUTO RECEIVABLES TR 2024-A 4.86% 03/15/2029

     466,000      **     469,072  
  

WORLD OMNI AUTO RECEIVABLES TR 2024-B 5.27% 09/17/2029

     175,000      **     177,612  
  

WORLD OMNI AUTO RECEIVABLES TRUST 2023-C 5.15% 11/15/2028

     49,000      **     49,461  
  

WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TR 2024-A 5.26% 10/15/2027

     167,000      **     169,298  
        

 

 

 

 

 
  

Total Asset Backed Securities

      —    $ 13,129,822  
        

 

 

 

 

 
  

Corporate Bonds:

       
  

MORGAN STANLEY BK NA SALT LAKE 4.968%/VAR 07/14/2028

     284,000      **   $ 291,283  
  

7 ELEVEN INC 0.95% 02/10/2026 144A

     229,000      **     219,862  
  

7 ELEVEN INC 1.3% 02/10/2028 144A

     286,000      **     255,305  
*   

BANK NEW YORK MELLON CORP 4.414%/VAR 07/24/2026

     510,000      **     518,493  
  

BANK OF AMERICA CORPORATION 2.551%/VAR 02/04/2028

     700,000      **     674,648  
  

BANK OF AMERICA CORPORATION 3.559%/VAR 04/23/2027

     510,000      **     505,300  
  

BANK OF AMERICA CORPORATION 4.948%/VAR 07/22/2028

     800,000      **     819,216  
  

BANK OF MONTREAL QUE 0.949%/VAR 01/22/2027

     810,000      **     781,375  
  

BANK OF MONTREAL QUE 5.37% 06/04/2027

     360,000      **     366,754  
  

BANK OF NOVA SCOTIA 4.404%/VAR 09/08/2028

     420,000      **     421,504  
  

BANQUE FED CRED MUTUEL PARIS 1.604% 10/04/2026 144A

     510,000      **     483,839  
  

BANQUE FED CRED MUTUEL PARIS 5.194% 02/16/2028 144A

     300,000      **     308,529  
  

CANADIAN IMPERIAL BK OF COMM 3.45% 04/07/2027

     800,000      **     784,407  
  

CANADIAN IMPERIAL BK OF COMM 5.237% 06/28/2027

     300,000      **     303,344  
  

EQUINOR ASA 1.75% 01/22/2026

     120,000      **     117,429  
  

GUARDIAN LIFE GLOBAL FUNDING 1.4% 07/06/2027 144A

     800,000      **     743,036  
*   

JPMORGAN CHASE & CO 1.47%/VAR 09/22/2027

     730,000      **     693,545  
*   

JPMORGAN CHASE & CO 2.947%/VAR 02/24/2028

     604,000      **     587,296  
*   

JPMORGAN CHASE & CO 4.851%/VAR 07/25/2028

     500,000      **     510,382  
*   

JPMORGAN CHASE & CO 5.7%/VAR 04/22/2028

     255,000      **     262,102  
  

MASSMUTUAL GLOBAL FDG II 5.1% 04/09/2027 144A

     412,000      **     421,618  
  

MET TOWER GLOBAL FUNDING 4% 10/01/2027 144A

     150,000      **     148,971  
  

META PLATFORMS INC 4.55% 08/15/2031

     420,000      **     420,802  
  

METROPOLITAN LIFE GLBL FDG I 3.45% 12/18/2026 144A

     510,000      **     500,025  
  

PACIFIC LIFE GF II 4.5% 08/28/2029 144A

     420,000      **     420,863  
  

PRICOA GLOBAL FDG I 4.4% 08/27/2027 144A

     430,000      **     435,122  
  

PROTECTIVE LIFE GLOBAL FUNDING 1.618% 04/15/2026 144A

     510,000      **     491,793  
  

RGA GLOBAL FUNDING 2% 11/30/2026 144A

     781,000      **     744,232  
  

RGA GLOBAL FUNDING 5.448% 05/24/2029 144A

     213,000      **     217,088  
  

ROYAL BANK OF CANADA 1.4% 11/02/2026

     510,000      **     482,736  
*   

STATE STREET CORP 2.203%/VAR 02/07/2028

     510,000      **     489,322  
*   

STATE STREET CORP 4.53%/VAR 02/20/2029

     203,000      **     204,020  
  

TORONTO DOMINION BANK 1.25% 09/10/2026

     510,000      **     483,776  
  

TORONTO DOMINION BANK 4.783% 12/17/2029

     295,000      **     291,572  
  

UBS AG LON BRANCH 1.25% 06/01/2026

     510,000      **     486,719  

 

15


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2024

 

 (a) 

  

(b)

Identity of issue, borrower, lessor, or similar party

   (c)
Description of
investment including
maturity date, rate of
interest, collateral, par,
or maturity value
      (d) Cost    (e)
Current value 
 
  

WELLS FARGO BK NATL ASSN 5.254% 12/11/2026

     400,000      **          406,001  
        

 

 

 

 

 
  

Total Corporate Bonds

      —    $ 16,292,309  
        

 

 

 

 

 
  

Synthetic guaranteed investment contract and wrapper contracts:

       
  

ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE GUARANTEED INVESTMENT CONTRACT

      **   $ 9,215,401  
        

 

 

 

 

 
  

Total synthetic guaranteed investment contract and wrapper contracts

      —    $ 9,215,401  
        

 

 

 

 

 
*   

Participant loans

    
3.25% - 8.50%
Majority maturing 2024 - 2029
 
 
   **   $ 74,021,654  
        

 

 

 

 

 
  

Total investments at year end

      $460,073,711   $ 5,480,783,535  
        

 

 

 

 

 

 

*

Party-in-interest

**

Historical cost is disclosed only for nonparticipant-directed investments

 

16


Table of Contents

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefit Plans Administrative Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 11, 2025     

NextEra Energy, Inc. Employee Retirement Savings Plan

 
     (Name of Plan)  
  By:   

/s/ Nicole J. Daggs

 
    

Nicole J. Daggs

Chairperson of the Employee Benefit Plans Administrative Committee

 

 

17


Table of Contents

EXHIBIT INDEX

 

Exhibit

Number

 

Description

23(a)   Consent of Crowe LLP

 

 

18