NextEra Energy (NEE) 10-K risk factor changes: FY2023 vs FY2022

These risks, [added: whether or not expressly stated with respect to any particular risk factor,] as well as additional risks and uncertainties either not presently known or that are currently believed to not be material to the business, may materially adversely affect the business, financial condition, results of operations and prospects of NEE and FPL and may cause actual results of NEE and FPL to differ substantially from those that NEE or FPL currently expects or seeks.

This extensive regulatory framework, portions of which are more specifically identified in the following risk factors, regulates, among other things and to varying degrees, NEE's and FPL's industry, businesses, [added: operations, and] rates and cost structures, [removed: operation and licensing of nuclear power facilities,] [added: including: permitting,] planning, construction and operation of electric generation, [added: storage,] transmission and distribution facilities and natural [removed: gas and oil production, natural] gas, oil and other fuel [added: production,] transportation, processing and storage [removed: facilities, acquisition, disposal,] [added: facilities; acquisitions, disposals,] depreciation and amortization of facilities and other [removed: assets,] [added: assets;] decommissioning costs and [removed: funding,] [added: funding;] service [removed: reliability,] [added: reliability;] wholesale and retail [removed: competition,] [added: competition;] and commodities trading and derivatives transactions.

[removed: Such an outcome] [added: and tools are not effective, this] could have a material adverse effect on [removed: FPL's] [added: NEE's] business, financial condition, results of operations and prospects.

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Any reductions or modifications to, or the elimination of, governmental incentives or policies that support renewable [removed: energy] [added: energy, such as the IRA,] or the imposition of additional taxes, tariffs, duties or other assessments on renewable energy or the equipment necessary to generate or deliver it, such as policies in place [removed: to] [added: that] limit certain imports from China and other Southeast Asian countries, could result in, among other items, the lack of a satisfactory market for the development and/or financing of new renewable energy projects, NEE and FPL abandoning the development of renewable energy projects, a loss of investments in the projects and reduced project returns, any of which could have a material adverse effect on NEE and FPL's business, financial condition, results of operations and prospects.

FPL has [removed: limited] [added: limited, but growing,] competition in the Florida market for retail electricity customers and is not subject to a RPS.

Any changes in Florida law or regulation, whether through new or modified legislation or regulation or through citizen-approved state constitutional ballot initiatives, which [removed: introduce] [added: increase] competition in the Florida retail electricity market, such as government incentives that [added: would further] facilitate the installation of solar generation facilities on residential or other [removed: rooftops at below cost or that are otherwise subsidized by non-participants,] [added: rooftops,] would permit third-party sales of electricity or would mandate the transition to renewable energy at FPL, could have a material adverse effect on FPL's business, financial condition, results of operations and prospects.

There can be no assurance that FPL [removed: will] [added: would] be able to respond adequately to such regulatory changes, which could have a material adverse effect on FPL's business, financial condition, results of operations and prospects.

NEER is subject to FERC rules related to transmission that are designed to facilitate competition in the wholesale market on practically a nationwide [removed: basis by providing greater certainty, flexibility and more choices to wholesale power customers.][added: basis.]

NEE cannot predict the impact of changing FERC rules or [added: policies of] the [added: RTOs and ISOs, such as rules governing generator interconnection procedures and transmission planning requirements and cost allocation methodologies, or the] effect of changes in levels of wholesale supply and demand, which are typically driven by factors beyond NEE's control.

There can be no assurance that NEER will be able to respond adequately or sufficiently quickly to such rules and developments, [added: which may impact the ability, timeline and cost of interconnecting new] or [added: repowered energy projects] to [added: the transmission system and the availability of transmission system capacity to deliver energy products to market, or to] any changes that reverse or restrict the competitive restructuring of the energy industry in those jurisdictions in which such restructuring has occurred.

NEE and FPL are subject to domestic environmental laws, regulations and other standards, including, but not limited to, extensive federal, state and local environmental statutes, rules and regulations relating to air quality, water quality and usage, soil quality, climate change, emissions of greenhouse gases, waste management, hazardous wastes, marine, [removed: avian] [added: avian, bat] and other wildlife mortality and habitat protection, historical artifact preservation, natural resources, health (including, but not limited to, electric and magnetic fields from power lines and substations), safety and RPS, that could, among other things, prevent or delay [added: the development of power generation, power or natural gas transmission, or other infrastructure projects, restrict or enjoin the output of some existing facilities, limit the availability and use of some fuels required for the production of electricity, require additional pollution control equipment, and otherwise increase costs, increase capital expenditures and limit or eliminate certain]

There are significant capital, operating and other costs associated with compliance with these environmental statutes, rules and regulations, and those costs could be even more significant in the future as a result of new requirements, stricter or more expansive application of existing environmental laws and regulations, and the addition of [removed: species] [added: species, such as additional bat species,] to the endangered species list.

If NextEra Energy Resources' subsidiary violates the terms of the probation, or fails to obtain eagle “take” permits under the BGEPA [added: or incidental take permits under the ESA] for certain of its wind facilities and additional eagles [added: or listed species, like cave bats,] perish in collisions with facility turbines, NextEra Energy Resources or its subsidiaries [removed: may] [added: could] face criminal prosecution under these laws.

Actual income taxes could vary significantly from estimated amounts due to the future impacts of, among other things, changes in tax laws, guidance or policies, including changes in corporate income tax rates, the [added: issuance of guidance related to the qualification for renewable energy tax credits, the] financial condition and results of operations of NEE and FPL, and the resolution of audit issues raised by taxing authorities.

NEE's and FPL's ability to proceed with projects under development and to complete construction of, and capital improvement projects for, their electric generation, transmission and distribution facilities, gas infrastructure facilities and other facilities on schedule and within budget have been, in limited instances, and in the future may be, adversely affected by escalating costs for materials and labor and regulatory compliance, inability to obtain or renew necessary licenses, rights-of-way, permits or other approvals on acceptable terms or on schedule, disputes involving contractors, labor organizations, land owners, governmental entities, environmental groups, Native American and aboriginal groups, lessors, joint venture [removed: partners] [added: partners, suppliers] and other third parties, negative publicity, transmission interconnection issues, geopolitical factors, supply chain disruptions, inflation, rising interest rates and other factors.

The operation and maintenance of NEE's and FPL's electric generation, transmission and distribution facilities, gas infrastructure [removed: facilities, retail gas distribution system in Florida] [added: facilities] and other facilities are subject to many operational risks, the consequences of which could have a material adverse effect on NEE's and FPL's business, financial condition, results of operations and prospects.

NEE's and FPL's electric generation, transmission and distribution facilities, gas infrastructure [removed: facilities, retail gas distribution system in Florida] [added: facilities] and other facilities are subject to many operational risks.

- the impact of unusual or adverse weather conditions and natural disasters, including, but not limited to, hurricanes, tornadoes, extreme temperatures, icing events, [added: wildfires,] floods, [added: severe convective storms,] earthquakes and droughts;

NEE's and FPL's business, financial condition, results of operations and prospects may be negatively affected by a lack of [removed: growth or] [added: growth,] slower growth [added: or a decline] in the number of customers or in customer usage.

Customer growth and customer usage are affected by a number of factors outside the control of NEE and FPL, such as mandated energy efficiency measures, demand side management requirements, [added: installation of distributed generation technologies] and economic and demographic conditions, such as population changes, job and income growth, housing starts, new business formation, inflation and the overall level of economic activity.

NEE's and FPL's business, financial condition, results of operations and prospects can be materially adversely affected by weather [removed: conditions,] [added: conditions and related impacts,] including, but not limited to, the impact of severe weather.

In addition, severe weather and natural disasters, such as hurricanes, floods, tornadoes, droughts, extreme temperatures, icing [removed: events] [added: events, wildfires, severe convective storms] and earthquakes, can be destructive and cause power [removed: outages] [added: outages, personal injury] and property damage, reduce revenue, affect the availability of fuel and water, and require NEE and FPL to incur additional costs, for example, to restore service and repair damaged facilities, to obtain replacement power, to access available financing [removed: sources and] [added: sources,] to obtain [removed: insurance.][added: insurance, to pay for any associated injuries and damages and to fund any associated legal matters and compliance penalties.]

NEE's and FPL's generation, [removed: transmission] [added: transmission, storage] and distribution facilities, [removed: fuel storage facilities,] information technology systems and other infrastructure facilities and systems could be direct targets of, or otherwise be materially adversely affected by, such activities.

Geopolitical factors, terrorist acts, cyberattacks or other similar events affecting NEE's and FPL's systems and facilities, or those of third parties on which NEE and FPL rely, could harm NEE's and FPL's [removed: business,] [added: businesses by,] for example, [removed: by] limiting their ability to generate, [removed: purchase] [added: purchase, store] or transmit power, natural gas or other energy-related commodities, [removed: by] limiting their ability to bill customers and collect and process payments, and [removed: by] delaying their development and construction of new generation, [removed: distribution] [added: distribution, storage] or transmission facilities or capital improvements to existing facilities.

The ability of NEE and FPL to obtain insurance and the terms of any available insurance coverage could be materially adversely affected by international, national, state or local events and company-specific events, including [removed: impacts of actual or perceived climate-related events, as well as the financial condition of insurers.]

If [removed: insurance coverage is not available] [added: NEE] or [removed: obtainable on acceptable terms,] [added: FPL cannot or does not obtain insurance coverage,] NEE or FPL may be required to pay costs associated with adverse future events.

The supply costs for these transactions may be affected by a number of factors, including, but not limited to, events that may occur after such utilities have committed to supply power, such as weather conditions, [added: transmission constraints,] fluctuating prices [removed: for] [added: for, and locational disconnects in,] energy and ancillary services, and the ability of the distribution utilities' customers to elect to receive service from competing suppliers.

There can be significant volatility in market prices for fuel, electricity and renewable and other energy [removed: commodities.][added: commodities, both in general and across geographies.]

NEE's and FPL's [removed: business is] [added: businesses are] highly dependent on [removed: their] [added: NEE's and FPL's] ability to process and monitor, on a daily basis, a very large number of transactions, many of which are highly complex and cross numerous and diverse markets.

NEE's and FPL's operating systems and facilities may fail to operate properly or become disabled as a result of events that are either within, or wholly or partially outside [removed: of, their control, such as operator error, severe weather, geopolitical activities, terrorist activities or cyber incidents.]

Modifying existing information systems or implementing new or replacement information systems is costly and involves risks, including, but not limited to, integrating the [added: modified, new or replacement system with existing systems and processes, implementing associated changes in accounting procedures and controls, and ensuring that data conversion is accurate and consistent.]

NEE and FPL also face the risks of operational failure or capacity constraints [added: associated with the information systems] of third parties, including, but not limited to, those who provide power transmission and natural gas transportation services.

Personnel costs may also increase due to inflationary or competitive pressures on payroll and benefits costs and revised terms of collective bargaining [added: agreements with union employees.]

NEE is likely to encounter significant competition for acquisition opportunities that may become available as a result of the consolidation of the energy [removed: industry in general.][added: industry.]

The inability to operate any of NEE's or FPL's nuclear generation units through the end of their respective operating licenses [added: or planned license extensions] could have a material adverse effect on NEE's and FPL's business, financial condition, results of operations and prospects.

If any of NEE's or FPL's nuclear generation facilities are not operated for any reason through the life of their respective operating [removed: licenses,] [added: licenses or planned license extensions,] NEE or FPL may be required to increase depreciation rates, incur impairment charges and accelerate future decommissioning expenditures, any of which could materially adversely affect their business, financial condition, results of operations and prospects.

NEE and FPL rely on access to capital and credit markets as significant sources of liquidity for capital [removed: requirements] [added: requirements, refinancing activities to support existing debt maturities] and other [removed: operations] requirements that are not satisfied by operating cash flows.

Disruptions, uncertainty or volatility in those capital and credit markets, related to, among others, inflation, rising [added: or sustained higher] interest [removed: rates,] [added: rates and] geopolitical events, [removed: and the planned phase out of the London Inter-Bank Offered Rate or the reform or replacement of other benchmark rates,] could increase NEE's and FPL's cost of capital and affect their ability to fund their liquidity and capital [removed: needs] [added: needs, to refinance existing indebtedness] and to meet their growth objectives.

If NEE or FPL is unable to access regularly the capital and credit markets on terms that are reasonable, it may have to delay raising capital, issue shorter-term securities and incur an unfavorable cost of capital, which, in turn, could adversely affect its ability to [added: maintain and] grow its business, could contribute to lower earnings and reduced financial flexibility, and could have a material adverse effect on its business, financial condition, liquidity, results of operations and prospects.

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operations.

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- risks associated with potential harm to wildlife;

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In addition, the advancement of artificial intelligence has given rise to added vulnerabilities and potential entry points for cyberattacks.

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impacts of actual or perceived climate-related events, as well as the financial condition of insurers.

For example, NEE, including FPL, does not have property insurance coverage for a substantial portion of its transmission and distribution property and natural gas pipeline assets.

Liquidity in energy markets can be described as the degree to which a product, such as electricity, gas or transmission rights, can be quickly bought or sold without significantly affecting its price and without incurring significant transaction costs.

It can be driven in part by the number of active market participants and is an important factor in NEE's ability to manage risks in its participation in these markets.

If such procedures

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of, their control, such as operator error, severe weather, geopolitical activities, terrorist activities or cyber incidents.

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and regulatory actions.

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a time when NEE is in need of liquidity to meet its own financial obligations.

FPL's use of derivative instruments could be subject to prudence challenges and, if found imprudent, could result in disallowances of cost recovery for such use by the FPSC.

The FPSC engages in an annual prudence review of FPL's use of derivative instruments in its risk management fuel procurement program and should it find any such use to be imprudent, the FPSC could deny cost recovery for such use by FPL.

the development of power generation, power or natural gas transmission, or other infrastructure projects, restrict or enjoin the output of some existing facilities, limit the availability and use of some fuels required for the production of electricity, require additional pollution control equipment, and otherwise increase costs, increase capital expenditures and limit or eliminate certain operations.

For example, FPL is not fully insured against hurricane-related losses, but could instead seek recovery of such uninsured losses from customers subject to approval by the FPSC, to the extent losses exceed restricted funds set aside to cover the cost of storm damage.

The liquidity of regional energy markets is an important factor in NEE's ability to manage risks in these operations.

Market liquidity is driven in part by the number of active market participants.

If such procedures and tools are not effective, this could have a material adverse effect on NEE's business, financial condition, results of operations and prospects.

modified, new or replacement system with existing systems and processes, implementing associated changes in accounting procedures and controls, and ensuring that data conversion is accurate and consistent.

agreements with union employees.

In addition, NEP's issuance of additional common units, securities convertible into NEP common units or

NEE’s operating performance is driven primarily by the operations of its two principal businesses, FPL, which serves approximately [removed: 5.8] [added: 5.9] million customer accounts in Florida and is one of the largest electric utilities in the U.S., and NEER, which together with affiliated entities is the world's largest generator of renewable energy from the wind and sun based on [removed: 2022] [added: 2023] MWh produced on a net generation basis, as well as a world leader in battery storage.

See Note 16 for additional segment [removed: information, including a discussion of a change in segment reporting.][added: information.]

| | | | [removed: 2022] [added: 2023] | | | | | | [removed: 2021] [added: 2022] | | | | | | [removed: 2020] [added: 2021] | | | | | | [removed: 2022] [added: 2023] | | | | | | [removed: 2021] [added: 2022] | | | | | | [removed: 2020] [added: 2021] | | |

| [removed: FPL(a)] [added: FPL] | | | $ | [removed: 3,701] [added: 4,552] | | | | | $ | [removed: 3,206] [added: 3,701] | | | | | $ | [removed: 2,890] [added: 3,206] | | | | | $ | [removed: 1.87] [added: 2.24] | | | | | $ | [removed: 1.63] [added: 1.87] | | | | | $ | [removed: 1.47] [added: 1.63] | |

| [removed: NEER(b)] [added: NEER(a)] | | | [removed: 285] [added: 3,558] | | | | | | [removed: 599] [added: 285] | | | | | | [removed: 531] [added: 599] | | | | | | [removed: 0.14] [added: 1.75] | | | | | | [removed: 0.30] [added: 0.14] | | | | | | [removed: 0.27] [added: 0.30] | | |

| Corporate and [removed: Other(a)] [added: Other] | | | [removed: 161] [added: (800)] | | | | | | [removed: (232)] [added: 161] | | | | | | [removed: (502)] [added: (232)] | | | | | | [removed: 0.09] [added: (0.39)] | | | | | | [removed: (0.12)] [added: 0.09] | | | | | | [removed: (0.26)] [added: (0.12)] | | |

| NEE | | | $ | [removed: 4,147] [added: 7,310] | | | | | $ | [removed: 3,573] [added: 4,147] | | | | | $ | [removed: 2,919] [added: 3,573] | | | | | $ | [removed: 2.10] [added: 3.60] | | | | | $ | [removed: 1.81] [added: 2.10] | | | | | $ | [removed: 1.48] [added: 1.81] | |

[added: (a)] See Note [removed: 16.][added: 3 and Note 4.]

[removed: (b)] [added: (a)] NEER’s results reflect an allocation of interest expense from NEECH based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries.

For the five years ended December 31, [removed: 2022,] [added: 2023,] NEE delivered a total shareholder return of approximately [removed: 139.3%, above] [added: 56.4%, compared to] the S&P 500’s [removed: 56.9%] [added: 107.2%] return, the S&P 500 Utilities' [removed: 58.0%] [added: 41.0%] return and the Dow Jones U.S. Electricity's [removed: 56.9%] [added: 39.6%] return.

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| | | | [removed: 2022] [added: 2023] | | | | | | [removed: 2021] [added: 2022] | | | | | | | | | [removed: 2020] [added: 2021] | | | | | |

| Net [removed: losses] [added: gains (losses)] associated with non-qualifying hedge activity(a) | | | $ | [removed: (696)] [added: 1,497] | | | | | $ | [removed: (1,576)] [added: (696)] | | | | | | | | $ | [removed: (649)] [added: (1,576)] | | | | |

| Differential membership interests-related – NEER | | | $ | [removed: (87)] [added: (49)] | | | | | $ | [removed: (98)] [added: (87)] | | | | | | | | $ | [removed: (87)] [added: (98)] | | | | |

| NEP investment gains, net – [removed: NEER] [added: NEER(b)] | | | $ | [removed: 186] [added: (963)] | | | | | $ | [removed: 27] [added: 186] | | | | | | | | $ | [removed: (94)] [added: 27] | | | | |

| Gain on disposal of a [removed: business – NEER(b)] [added: business(c)] | | | $ | [removed: —] [added: 306] | | | | | $ | — | | | | | | | | $ | [removed: 274] [added: —] | | | | |

| Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds and OTTI, net – NEER | | | $ | [removed: (324)] [added: 116] | | | | | $ | [removed: 199] [added: (324)] | | | | | | | | $ | [removed: 131] [added: 199] | | | | |

| Impairment charges related to investment in Mountain Valley Pipeline – [removed: NEER(c)] [added: NEER(d)] | | | $ | [removed: (674)] [added: (38)] | | | | | $ | [removed: —] [added: (674)] | | | | | | | | $ | [removed: (1,208)] [added: —] | | | | |

(a)For [removed: 2022, 2021] [added: 2023, 2022] and [removed: 2020,] [added: 2021,] approximately [added: $1,729 million of gains,] $1,257 [removed: million, $1,735] million [added: of losses] and [removed: $438] [added: $1,735] million of losses, respectively, are included in NEER's net income; the balance is included in Corporate and Other.

[removed: (b)See] [added: See] Note 1 – Disposal of Businesses/Assets and Sale of Noncontrolling Ownership Interests for a discussion of the sale of [removed: two solar generation facilities] [added: FPL's ownership interest] in [removed: Spain (Spain projects).][added: its Florida City Gas business (FCG).]

[removed: (c)See] [added: (d)See] Note 4 – Nonrecurring Fair Value Measurements for a discussion of the impairment [removed: charges] [added: charge] in 2022 [removed: and 2020] related to the investment in Mountain Valley Pipeline, LLC (Mountain Valley Pipeline).

Net income attributable to NEE for [removed: 2022] [added: 2023] was higher than [removed: 2021] [added: 2022] by [removed: $574] [added: $3,163] million, or [removed: $0.29] [added: $1.50] per share, assuming dilution, due to higher results at [removed: FPL and Corporate] [added: NEER] and [removed: Other,] [added: FPL,] partly offset by lower results at [removed: NEER.][added: Corporate and Other.]

FPL's net income increased by [removed: $495] [added: $851] million in [removed: 2022] [added: 2023] primarily driven by continued investments in plant in service and other [removed: property.][added: property and the gain on sale of FPL's ownership interest in the FCG business.]

NEER's results [removed: decreased] [added: increased] in [removed: 2022] [added: 2023] primarily driven by [removed: the] [added: favorable non-qualifying hedge activity compared to 2022, higher earnings from new investments, lower] impairment charges related to its investment in Mountain Valley [removed: Pipeline and unfavorable changes in the fair value of equity securities in NEER's nuclear decommissioning funds compared to favorable changes in 2021,] [added: Pipeline,] partly offset by [removed: favorable non-qualifying hedge activity compared] [added: the OTTI impairment related] to [removed: 2021 and higher gains on disposal of businesses/assets – net.][added: the investment in NEP.]

In [removed: 2022,] [added: 2023,] NEER added approximately [removed: 2,850] [added: 1,651] MW of new wind generating capacity and [removed: 887] [added: 2,073] MW of solar generating [removed: capacity, repowered 239 MW of wind generating] capacity and increased its backlog of contracted renewable development projects.

Corporate and Other's results in [removed: 2022 increased] [added: 2023 decreased] primarily due to [removed: favorable] [added: unfavorable] non-qualifying hedge activity.

These funds are primarily provided by cash flows from operations, borrowings or issuances of short- and long-term [removed: debt,] [added: debt and, from time to time, issuances of equity securities,] proceeds from differential membership investors, [added: the sale of tax credits and] sales of assets to NEP or third [removed: parties and, from time to time, issuances of equity securities.][added: parties.]

See Liquidity and Capital [removed: Resources – Liquidity.][added: Resources.]

Net income attributable to NEE for [removed: 2022] [added: 2023] was [removed: $4.15] [added: $7.31] billion compared to [removed: $3.57] [added: $4.15] billion in [removed: 2021.][added: 2022.]

In [removed: 2022,] [added: 2023,] net income attributable to NEE increased primarily due to higher results at [removed: FPL and Corporate] [added: NEER] and [removed: Other,] [added: FPL,] partly offset by lower results at [removed: NEER.][added: Corporate and Other.]

The comparison of the results of operations for the years ended December 31, [removed: 2021] [added: 2022] and [removed: 2020] [added: 2021] are included in Management's Discussion in NEE's and FPL's Annual Report on Form 10-K for the year ended December 31, [removed: 2021.][added: 2022.]

In [removed: October 2021,] [added: June 2023,] subsidiaries of NextEra Energy Resources [removed: completed the sale] [added: sold] to a NEP subsidiary [removed: of] their 100% ownership interests in [removed: three] [added: five] wind generation facilities and [removed: one solar generation facility with a total generating capacity of 467 MW and 33.3% of the noncontrolling ownership interests in four] [added: three] solar generation facilities [removed: and multiple distributed generation solar facilities representing] [added: with] a total [removed: net] generating capacity of [removed: 122] [added: 688] MW.

In December [removed: 2021,] [added: 2022,] subsidiaries of NextEra Energy Resources sold [removed: their 100%] [added: (i) a 49% controlling] ownership interest in [removed: a portfolio of seven] [added: three] wind generation facilities and [removed: six] [added: one] solar [removed: generation facilities representing] [added: plus battery facility with] a total generating capacity of [removed: 2,520] [added: 1,437] MW and [removed: 115] [added: 65] MW of battery storage capacity, [removed: three] [added: two] of which [added: facilities] were under construction and achieved commercial operations in [removed: the first quarter] [added: 2023, and (ii) their 100% ownership interest in three wind generation facilities with a total generating capacity] of [removed: 2022.][added: 347 MW to a NEP subsidiary.]

In September 2022, subsidiaries of NextEra Energy Resources [removed: completed the sale] [added: sold] to a NEP subsidiary [removed: of] a 67% controlling ownership interest in a battery storage facility with storage capacity of 230 MW.

In [removed: October 2022,] [added: March 2023,] a wholly owned subsidiary of NextEra Energy Resources [removed: entered into several agreements to acquire 100% of] [added: acquired] a portfolio of renewable energy projects as well as the related service provider.

NEE's effective income tax [removed: rates] [added: rate] for [removed: the years ended December 31, 2022] [added: 2023] and [removed: 2021 were] [added: 2022 was] approximately [removed: 15%] [added: 14%] and [removed: 11%,] [added: 15%,] respectively.

The rates for both years reflect the impact of [removed: PTCs and ITCs.][added: renewable energy tax credits.]

Business – NEER – Clean Energy and Other Operations – Clean Energy – Policy Incentives for Renewable Energy [removed: Projects and Note 5).][added: Projects).]

Business – FPL – FPL Regulation – FPL Electric Rate Regulation – Base Rates – Base Rates Effective January 2022 through December [removed: 2025.][added: 2025 for additional information on the 2021 rate agreement.]

(b)See Note 4 – Nonrecurring Fair Value Measurements for a discussion of an impairment charge related to the investment in NEP in 2023.

(c)Approximately $300 million of gains are included in FPL's net income; the balance is included in NEER.

2023 Summary

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In November 2023, FPL sold its ownership interests in FCG.

During 2023, the FPSC approved FPL's request to begin recovering eligible storm costs of approximately $1.3 billion, primarily related to surcharges for Hurricanes Ian and Nicole which impacted FPL's service area in 2022.

FPL implemented an interim storm restoration charge in April 2023 for eligible storm restoration costs.

See Depreciation and Amortization Expense below.

On September 28, 2023, the Florida Supreme Court ruled on the appeal of the FPSC’s final order regarding FPL’s 2021 rate agreement and remanded the FPSC's order back to the FPSC.

See Note 1 – Base Rates Effective January 2022 through December 2025.

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The increase in operating revenues in 2023 reflects higher storm cost recovery revenues of approximately $1,117 million primarily associated with Hurricanes Ian and Nicole, as discussed above.

| | | | 2023 | | | | | | 2022 | | | | | | | | |

Depreciation expense increased $1,094 million during 2023 primarily reflecting amortization of deferred storm costs expenses primarily associated with Hurricanes Ian and Nicole as discussed above, of approximately $1,114 million, partly offset by the impact of reserve amortization.

*Gains on Disposal of Businesses/Assets – net*

In 2023, gains on disposal of businesses/assets – net primarily relate to the sale of ownership interests in the FCG business.

See Note 1 – Disposal of Businesses/Assets and Sale of Noncontrolling Ownership Interests.

Interest expense increased $346 million primarily due to higher average interest rates and higher average debt balances.

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| New investments(a) | | | $ | 714 | |

| Customer supply(b) | | | 334 | | |

(b) Excludes allocation of interest expense and corporate general and administrative expenses except for an allocated credit support charge related to guarantees issued to conduct business activities.

Results from new investments in 2023 increased primarily due to higher earnings related to new wind and solar generation and battery storage facilities that entered service during or after 2022.

- higher revenues from NEET of $84 million,

- lower revenues from existing clean energy assets of $371 million primarily due to lower wind revenues primarily reflecting lower wind resource.

The increases were primarily associated with growth across the NEER businesses.

[Table of Content](#i10450177354c45a485e190744fc15368_10)[s](#i10450177354c45a485e190744fc15368_10)

See Note 1 – Disposal of Businesses/Assets and Sale of Noncontrolling Ownership Interests.

*Interest Expense*

*Income Taxes*

NEER's effective income tax rate for 2023 and 2022 was approximately 7% and 39%, respectively, and is primarily based on the composition of pretax income in 2023 and pretax loss in 2022 as well as the impact of renewable energy tax credits.

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| Proceeds from the sale of Florida City Gas business | | | 924 | | | | | | — | | | | | | — | | |

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| Syndicated revolving credit facilities(a) | | | $ | 3,420 | | | | | $ | 10,739 | | | | | $ | 14,159 | | | | | 2025 – 2028 | | | | | | 2024 – 2028 | | |

| | | | 3,417 | | | | | | 10,146 | | | | | | 13,563 | | | | | | | | | | | | | | |

| | | | 325 | | | | | | 1,350 | | | | | | 1,675 | | | | | | | | | | | | | | |

| Letter of credit facilities(c) | | | — | | | | | | 3,530 | | | | | | 3,530 | | | | | | | | | | | | 2024 – 2026 | | |

| | | | — | | | | | | 733 | | | | | | 733 | | | | | | | | | | | | | | |

| Subtotal | | | 3,742 | | | | | | 12,229 | | | | | | 15,971 | | | | | | | | | | | | | | |

(a) FPL's and Corporate and Other's results for 2021 and 2020 were retrospectively adjusted to reflect a segment change.

2022 Summary

In December 2022, subsidiaries of NextEra Energy Resources sold (i) a 49% controlling ownership interest in three wind generation facilities and one solar plus battery facility with a total generating capacity of 1,437 MW and 65 MW of battery storage capacity, two of which facilities are currently under construction with expected in service dates in 2023, and (ii) their 100% ownership interest in three wind generation facilities with a total generating capacity of 347 MW to a NEP subsidiary.

In March 2021, a wholly owned subsidiary of NEET acquired GridLiance Holdco, LP and GridLiance GP, LLC (GridLiance), which owns and operates three FERC-regulated transmission utilities across six states, five in the Midwest and Nevada.

See Note 6 – GridLiance.

On January 1, 2021, FPL and Gulf Power Company merged, with FPL as the surviving entity.

However, during 2021, FPL continued to be regulated as two separate ratemaking entities in the former service areas of FPL and Gulf Power Company.

Effective January 1, 2022, FPL became regulated as one electric ratemaking entity with new unified rates and tariffs, and also became one reportable segment of NEE.

See Item 1.

As a result, the previous segments known as the FPL segment and Gulf Power are no longer separate reportable segments.

NEE, including FPL, is monitoring solar supply chain disruptions from Southeast Asian locations and is taking steps intended to mitigate potential risks to their solar project development and construction activities.

To date, there has been no material impact on NEE's or FPL's operations or financial performance as a result of these activities.

During 2022, FPL's service area was impacted by Hurricane Ian and Hurricane Nicole, and FPL incurred total recoverable storm restoration costs of approximately $1.3 billion.

In January 2023, FPL filed a petition with the FPSC requesting the recovery of eligible storm restoration costs over the storm reserve amount plus an amount to replenish the storm reserve through an interim surcharge.

Business – FPL – FPL Regulation – FPL Electric Rate Regulation – Base Rates – Base Rates Effective January 2022 through December 2025 and – Base Rates Effective January 2017 through December 2021 for additional information on these rate agreements.

In December 2021, the FPSC issued a final order approving the 2021 rate agreement which became effective in January 2022 and will remain in effect until at least December 2025, establishes FPL's allowed regulatory ROE, and allows for retail rate base increases in 2022 and 2023.

On February 8, 2023, the Florida Supreme Court heard oral argument on the appeal of the FPSC's final order regarding the 2021 rate agreement by Floridians Against Increased Rates, Inc. and, as a group, Florida Rising, Inc., Environmental Confederation of Southwest Florida, Inc. and League of United Latin American Citizens of Florida.

See Note 1 – Rate Regulation.

The increase in operating revenues in 2022 also reflects higher other revenues of approximately $566 million primarily related to increases in cost recovery clause revenue from storm protection plan and environmental, franchise fees and gross receipts taxes.

In January 2023, FPL filed with the FPSC to recover approximately $2.1 billion of under-recovered fuel costs incurred in 2022.

| | | | | | | | | | | | | | | | | | |

Depreciation expense increased $429 million during 2022 primarily reflecting the absence of reserve amortization recorded in 2021.

| Customer supply and proprietary power and gas trading(b) | | | 241 | | |

(b) Excludes allocation of interest expense and corporate general and administrative expenses.

Customer Supply and Proprietary Power and Gas Trading

In 2022, results from customer supply and proprietary power and gas trading increased primarily due to higher margins.

- higher revenues from existing clean energy assets of $114 million primarily due to higher wind revenues as compared to the prior year which was impacted by severe prolonged winter weather in Texas in February 2021 (February 2021 weather event),

The increases were primarily associated with growth across the NEER businesses, partly offset by lower bad debt expense associated with the February 2021 weather event (see Note 1 – Credit Losses).

*Tax Credits, Benefits and Expenses*

Reflected in income taxes in NEE's consolidated statements of income are PTCs totaling approximately $82 million and $90 million and ITCs totaling $126 million and $237 million in 2022 and 2021, respectively.

| Payments to related parties under a cash sweep and credit support agreement – net | | | — | | | | | | — | | | | | | (2) | | |

| Issuances of common stock/equity units – net | | | — | | | | | | — | | | | | | (92) | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Syndicated revolving credit facilities(a)(b) | | | $ | 3,798 | | | | | $ | 6,257 | | | | | $ | 10,055 | | | | | 2023 – 2027 | | | | | | 2023 – 2027 | | |

| | | | 3,795 | | | | | | 5,222 | | | | | | 9,017 | | | | | | | | | | | | | | |

| | | | 680 | | | | | | 2,850 | | | | | | 3,530 | | | | | | | | | | | | | | |

| Letter of credit facilities(d) | | | — | | | | | | 3,350 | | | | | | 3,350 | | | | | | | | | | | | 2023 – 2025 | | |

| | | | — | | | | | | 685 | | | | | | 685 | | | | | | | | | | | | | | |

| Bilateral revolving credit and letter of credit facilities(e) | | | — | | | | | | 1,000 | | | | | | 1,000 | | | | | | | | | | | | 2023 | | |

| Issued letters of credit | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | |

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FPL is the largest electric utility in the state of Florida and one of the largest electric utilities in the U.S. FPL’s strategic focus is centered on investing in generation, transmission and distribution facilities to deliver on its value proposition of low customer bills, high reliability, outstanding customer service and clean energy for the benefit of its approximately [removed: 5.8] [added: 5.9] million customer accounts.

NEER’s strategic focus is centered on the development, construction and operation of long-term contracted assets throughout the U.S. and Canada, primarily consisting of clean energy [removed: assets] [added: assets,] such as renewable generation [removed: facilities and battery storage projects,] [added: facilities,] and electric transmission [removed: facilities.][added: facilities, as well as providing other clean energy solutions to its customers.]

FPL and NEER share a common platform with the objective of lowering [removed: costs and] [added: costs,] creating efficiencies [added: and encouraging innovative ideas] for their businesses.

NEE and its subsidiaries, with employees totaling approximately [removed: 15,300] [added: 16,800] as of December 31, [removed: 2022,] [added: 2023,] continue to develop and implement enterprise-wide initiatives focused on improving productivity, process effectiveness and quality.

On August 16, 2022, the Inflation Reduction Act (IRA) was signed into law which, among other things, extends the period for wind and solar tax [removed: credits and] [added: credits,] expands the tax credits to support a broader range of renewable [removed: technologies.][added: technologies and allows renewable energy tax credits to be transferred.]

[removed: As of January 1, 2022,] NEE's [added: reportable] segments for financial reporting purposes are FPL and NEER (see Note 16).

NEP, an affiliate of NextEra Energy Resources, acquires, manages and owns contracted clean energy [removed: projects] [added: assets] with stable, long-term cash flows.

[removed: ][added: ]

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FPL is the largest electric utility in the state of Florida and one of the largest electric utilities in the U.S. At December 31, [removed: 2022,] [added: 2023,] FPL had [removed: approximately 32,100] [added: 33,276] MW of net generating capacity, approximately [removed: 88,000] [added: 90,000] circuit miles of transmission and distribution lines and [removed: 871] [added: 883] substations.

FPL serves more than 12 million people through approximately [removed: 5.8] [added: 5.9] million customer accounts.

The following map shows FPL's service areas and plant locations as of February [removed: 17, 2023,] [added: 16, 2024,] which cover most of the east and lower west coasts of Florida and are in [removed: nine] [added: ten] counties throughout northwest Florida (see FPL Sources of Generation below).

[removed: ][added: ]

The percentage of FPL's operating revenues and customer accounts [removed: (as of December 31, 2022)] by customer class were as follows:

| [removed: ] [added: ] | | | [removed: ] [added: ] | | |

At December 31, [removed: 2022,] [added: 2023,] FPL held [removed: 225] [added: 226] franchise agreements with various municipalities and counties in Florida with varying expiration dates through [removed: 2052.][added: 2053.]

At December 31, [removed: 2022,] [added: 2023,] FPL also provided service to customers in [removed: 11] [added: 10] other municipalities and to 27 unincorporated areas within its service area without franchise agreements pursuant to the general obligation to serve as a public utility.

As a practical matter, few customers provide their own service at the present time since FPL's cost of service is lower than the cost of self-generation for [removed: the vast] [added: a significant] majority of customers.

In [removed: 2022, 2021] [added: 2023, 2022] and [removed: 2020,] [added: 2021,] operating revenues from wholesale and industrial electric customers combined represented approximately [removed: 7%, 6% and] 5%, [added: 7% and 6%,] respectively, of FPL's total operating revenues.

If a bidder has the most cost-effective alternative, meets other criteria such as financial viability and demonstrates adequate expertise and experience in building and/or operating generating capacity of the type proposed, the investor-owned electric utility would seek to negotiate a PPA with the selected bidder and request that the FPSC approve the [added: terms of the PPA and, if appropriate, provide the required authorization for the construction of the bidder's generating capacity.]

At December 31, [removed: 2022,] [added: 2023,] FPL's resources for serving load consisted of approximately [removed: 33,195] [added: 33,520] MW of net generating capacity, of which [removed: 32,066] [added: 33,276] MW were from FPL-owned facilities and [removed: 1,129] [added: 244] MW were available through PPAs.

FPL owned and operated 44 units with generating capacity of [removed: 24,236] [added: 24,254] MW that primarily use natural gas and [removed: 50] [added: 66] solar generation facilities with generating capacity totaling [removed: 3,611] [added: 4,803] MW.

FPL [removed: intends to retire] [added: retired] its share of [removed: 2 of these] [added: two] coal units in [added: Mississippi in January] 2024 and [removed: together with a joint owner retire] the remaining [removed: unit] [added: one] in [added: Georgia is expected to be retired in] 2028.

At December 31, [removed: 2022,] [added: 2023,] FPL had 469 MW of battery storage capacity that delivers energy to the transmission system.

Through 2025, FPL plans to add new solar generation with cost recovery [removed: mechanisms] through base rates, [added: either through] a Solar Base Rate Adjustment (SoBRA) [removed: and SolarTogetherTM] [added: or SolarTogether®] (a voluntary community solar program that gives FPL electric customers an opportunity to participate directly in the expansion of solar energy where participants pay a fixed monthly subscription charge and receive credits on their related monthly customer bill).

FPL placed [removed: 745] [added: 894] MW of solar generating capacity in service in January [removed: 2023] [added: 2024] and is currently in the process of constructing an additional [removed: 447] [added: 1,341] MW and [removed: 1,639] [added: 894] MW of solar generating capacity, which is expected to be placed in service [removed: by mid-2023] [added: in 2024] and in [removed: 2024,] [added: 2025,] respectively (see FPL Regulation – FPL Electric Rate Regulation – Base Rates – Base Rates Effective January 2022 through December 2025 below).

[removed: ][added: ]

*Significant Fuel and Transportation Contracts.* At December 31, [removed: 2022,] [added: 2023,] FPL had the following significant fuel and transportation contracts in place:

- firm transportation contracts with [removed: nine] [added: ten] different transportation suppliers for natural gas pipeline capacity for an aggregate maximum delivery quantity of [removed: 2,966,000] [added: 2,836,000] MMBtu/day with expiration dates through 2042 (see Note 15 – Contracts);

- short- and medium-term natural gas supply contracts to provide a portion of FPL's anticipated needs for natural gas, [removed: with the remainder of FPL's natural gas requirements being purchased in the spot market.]

At December 31, [removed: 2022,] [added: 2023,] FPL owned, or had undivided interests in, and operated the four nuclear units in Florida discussed below.

| St. Lucie Unit No. 2 | | | | | | 840(b) | | | | | | [removed: February 2023] [added: August 2024] | | | | | | 2043(a) | | |

| Turkey Point Unit No. 3 | | | | | | 837 | | | | | | [removed: April 2023] [added: October 2024] | | | | | | 2032(c) | | |

| Turkey Point Unit No. 4 | | | | | | 844 | | | | | | [removed: September 2023] [added: March 2025] | | | | | | 2033(c) | | |

- FPL is authorized to expand [removed: SolarTogether™] [added: SolarTogether®] by constructing an additional 1,788 MW of solar generation from 2022 through 2025, such that the total capacity of [removed: SolarTogether™] [added: SolarTogether®] would be 3,278 MW.

As a result of the enactment of the IRA (see NEER – Clean Energy and Other Operations – Clean Energy – Policy Incentives for Renewable Energy [removed: Projects and Note 5),] [added: Projects),] FPL's customers are expected to save approximately $400 million over the remaining term of the 2021 rate agreement which includes a $36 million one-time refund made in January 2023.

On [removed: February 8,] [added: September 28,] 2023, the Florida Supreme Court [removed: heard oral argument] [added: ruled] on the appeal of the [removed: FPSC's] [added: FPSC’s] final order regarding [removed: the] [added: FPL’s] 2021 rate agreement by Floridians Against Increased Rates, Inc. and, as a group, Florida Rising, Inc., Environmental Confederation of Southwest Florida, Inc. and League of United Latin American Citizens of Florida.

FPL had approximately [removed: 9,300] [added: 9,500] employees at December 31, [removed: 2022,] [added: 2023,] with approximately 31% of these employees represented by the International Brotherhood of Electrical Workers (IBEW).

The NEER segment [removed: currently] owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets in the U.S. and Canada and also includes assets and investments in other businesses with a clean energy focus, such as battery storage and renewable fuels.

NEER, with approximately [removed: 27,400] [added: 30,600] MW of total net generating capacity at December 31, [removed: 2022,] [added: 2023,] is one of the largest wholesale generators of electric power in the U.S., including approximately [removed: 26,890] [added: 30,080] MW of net generating capacity across [removed: 40] [added: 41] states and 520 MW of net generating capacity in 4 Canadian provinces.


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In 2023, FPL placed a hydrogen facility in service that blends green hydrogen with natural gas at an existing natural gas generation facility.

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with the remainder of FPL's natural gas requirements being purchased in the spot market.

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The ruling remands the FPSC's order back to the FPSC.

While management is unable to predict with certainty the eventual outcome, FPL believes the FPSC's subsequent order will maintain its determination that the 2021 rate agreement is in the public interest and should remain intact.

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NEER primarily sells its capacity and/or energy output through long-term power sales agreements with utilities, retail electricity providers, power cooperatives, municipal electric providers and commercial and industrial customers.

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The 30% ITC to storage projects is subject to the phaseout.

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| Operational: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Under Construction: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Mountain Valley Pipeline(b) | | | 303 | | | | | | Northwestern West Virginia to Southern Virginia | | | | | | 32.8% | | | | | | 0.66 Bcf | | | | | | First Half of 2024 | | |

In December 2023, NEP completed the sale of its ownership interests in a portfolio of natural gas pipelines located in south Texas.

*Rate-Regulated Transmission* – At December 31, 2023, certain entities within the NEER segment had ownership interests in rate-regulated transmission and related facilities.

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Operational: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Southwest Power Pool (SPP) | | | | | | 466 | | | | | | 18 | | | | | | 69 – 115 | | | | | | Kansas and Oklahoma | | | | | | FERC | | | | | | 100% | | | (a) | | | 1960 – 2021 | | |

| Independent Electricity System Operator (IESO) | | | | | | 280 | | | | | | – | | | | | | 230 | | | | | | Ontario, Canada | | | | | | OEB | | | | | | 48% | | | | | | 2022 | | |

| CAISO | | | | | | 223 | | | | | | 9 | | | | | | 200(b) – 230 | | | | | | California and Nevada | | | | | | FERC | | | | | | 100% | | | | | | 1960 – 2021 | | |

| Other | | | | | | 90 | | | | | | 5 | | | | | | 161 – 345 | | | | | | Illinois, Indiana, Kentucky, New Hampshire and New York | | | | | | FERC | | | | | | 100% | | | (c) | | | 1953 - 2022 | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

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| Under Construction: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| CAISO | | | | | | 60 | | | | | | 6 | | | | | | 230 | | | | | | Nevada | | | | | | FERC | | | | | | 100% | | | | | | 2027 | | |

| PJM | | | | | | 135 | | | | | | 1 | | | | | | 500 | | | | | | Maryland, Pennsylvania, Virginia and West Virginia | | | | | | FERC | | | | | | 100% | | | | | | 2028 | | |

| SPP | | | | | | 274 | | | | | | – | | | | | | 345 | | | | | | Kansas, Missouri, New Mexico and Oklahoma | | | | | | FERC | | | | | | 100% | | | | | | 2024 - 2026 | | |

(c) Includes a substation, in which NEET owns an 88.3% interest.

FPL also owns a retail gas business, which serves approximately 119,000 residential and commercial natural gas customers in eight counties throughout southern Florida with 3,795 miles of natural gas distribution pipelines.

terms of the PPA and, if appropriate, provide the required authorization for the construction of the bidder's generating capacity.

The revised authorized regulatory ROE will have only a minimal impact to base rates.

A ruling by the Florida Supreme Court is pending.

See Note 1 – Rate Regulation.

See Note 1 – Basis of Presentation.

The acquisition is expected to close in early 2023, subject to receipt of required regulatory approvals including approvals from the FERC.

See Note 6 – RNG Acquisition.

A wind or solar

| Texas Pipelines(a) | | | 386 | | | | | | South Texas | | | | | | 51.8% | | | (b) | | | 1.92 Bcf | | | | | | 1960s – 2015 | | |

| Central Penn Line(d) | | | 191 | | | | | | Northeastern Pennsylvania to Southeastern Pennsylvania | | | | | | 21.0% | | | (b) | | | 0.39 Bcf | | | | | | October 2018 – October 2021 | | |

(a) A NEP portfolio of six natural gas pipelines, of which a third party owns a 10% interest in a 120-mile pipeline with a daily capacity of approximately 2.3 Bcf.

Approximately 1.54 Bcf per day of net capacity is contracted with firm ship-or-pay contracts that have expiration dates ranging from 2023 to 2035.

(b) Ownership percentage based on NextEra Energy Resources limited partnership interest in NEP OpCo common units.

(d) NEP has an indirect equity method investment in the Central Penn Line (CPL) which represents an approximately 39% aggregate ownership interest in the CPL.

NEER also has a 32.2% ownership interest in a 303-mile natural gas pipeline that is under construction in West Virginia and Virginia.

Completion of construction of the natural gas pipeline is subject to certain conditions, including applicable regulatory approvals and the resolution of legal challenges.

*Rate-Regulated Transmission* – At December 31, 2022, certain entities within the NEER segment had ownership interests in rate-regulated transmission facilities, the most significant of which are discussed below, which are located primarily in ERCOT, CAISO, Southwest Power Pool (SPP), Independent Electricity System Operator (IESO) and NYISO jurisdictions.

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Trans Bay Cable | | | 53 | | | | | | 2 | | | | | | 200 DC(a) | | | | | | California | | | | | | FERC | | | | | | 100% | | | | | | 2010 | | |

| GridLiance(b) | | | 685 | | | | | | 26 | | | | | | 69 – 230 | | | | | | Illinois, Kansas, Kentucky, Missouri, Nevada and Oklahoma | | | | | | FERC | | | | | | 100% | | | (b) | | | 1960 – 2021 | | |

| NextBridge Infrastructure | | | 280 | | | | | | \- | | | | | | 230 | | | | | | Ontario, Canada | | | | | | OEB | | | | | | 50% | | | | | | March 2022 | | |

| NEET New York | | | 20 | | | | | | 2 | | | | | | 345 | | | | | | New York | | | | | | FERC | | | | | | 100% | | | | | | December 2021 – July-2022 | | |


In 2022, the U.S. Fish and Wildlife Services proposed new rules that would add two bat species to the endangered species list.

If such rules are enacted, certain of NEER’s existing and new wind generation facilities would incur additional costs to comply with the proposed regulations.

In April 2022, a subsidiary of NextEra Energy Resources entered into an agreement with the U.S. Department of Justice (DOJ) to implement an eagle management plan requiring, among other things, certain existing or in development wind sites to apply for eagle "take" permits under the BGEPA.

Under the agreement, the DOJ will not prosecute NextEra Energy Resources or its

affiliates for any eagle fatalities that have previously occurred, or may occur, at wind facilities operated by NextEra Energy Resources nationwide prior to the earlier of the date such facility obtains a permit or the date that is up to ten years following court approval of the agreement, provided that the NextEra Energy Resources subsidiary remains in compliance with its commitments under the agreement.

NextEra Energy Resources voluntarily undertakes adaptive management practices designed to avoid and minimize eagle impacts and continues to believe that the criminal liability provisions of these laws were intended only to apply to hunting, poaching and other intentional activities, and do not apply to accidental collisions with wind turbines or other manufactured items, such as airplanes, locomotives, automobiles and buildings.

See Note 15 – Legal Proceedings.

None.

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| [removed: ] [added: ] | | | | | | [removed: ] [added: ] | | |

For the fiscal year ended December 31, [removed: 2022][added: 2023]

Aggregate market value of the voting and non-voting common equity of NextEra Energy, Inc. held by non-affiliates at June 30, [removed: 2022] [added: 2023] (based on the closing market price on the Composite Tape on June 30, [removed: 2022)] [added: 2023)] was [removed: $152,043,646,294.][added: $150,048,196,735.]

There was no voting or non-voting common equity of Florida Power & Light Company held by non-affiliates at June 30, [removed: 2022.][added: 2023.]

Number of shares of NextEra Energy, Inc. common stock, $0.01 par value, outstanding at January 31, [removed: 2023: 1,987,495,306][added: 2024: 2,052,429,154]

Number of shares of Florida Power & Light Company common stock, without par value, outstanding at January 31, [removed: 2023,] [added: 2024,] all of which were held, beneficially and of record, by NextEra Energy, Inc.: 1,000

Portions of NextEra Energy, Inc.'s Proxy Statement for the [removed: 2023] [added: 2024] Annual Meeting of Shareholders are incorporated by reference in Part III hereof.

| OTTI | | | other than temporary impairment [added: or other than temporarily impaired] | | |

| [Item 2.](#i10450177354c45a485e190744fc15368_46) | | | [Properties](#i10450177354c45a485e190744fc15368_46) | | | [removed: [33](#i10450177354c45a485e190744fc15368_46)] [added: [34](#i10450177354c45a485e190744fc15368_46)] | | |

| [Item 3.](#i10450177354c45a485e190744fc15368_49) | | | [Legal Proceedings](#i10450177354c45a485e190744fc15368_49) | | | [removed: [33](#i10450177354c45a485e190744fc15368_49)] [added: [35](#i10450177354c45a485e190744fc15368_49)] | | |

| [Item 4.](#i10450177354c45a485e190744fc15368_52) | | | [Mine Safety Disclosures](#i10450177354c45a485e190744fc15368_52) | | | [removed: [33](#i10450177354c45a485e190744fc15368_49)] [added: [35](#i10450177354c45a485e190744fc15368_49)] | | |

| [Item 5.](#i10450177354c45a485e190744fc15368_58) | | | [Market for Registrants' Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](#i10450177354c45a485e190744fc15368_58) | | | [removed: [34](#i10450177354c45a485e190744fc15368_58)] [added: [35](#i10450177354c45a485e190744fc15368_58)] | | |

| [Item 6.](#i10450177354c45a485e190744fc15368_61) | | | [R](#i10450177354c45a485e190744fc15368_61)[e](#i10450177354c45a485e190744fc15368_61)[served](#i10450177354c45a485e190744fc15368_61) | | | [removed: [34](#i10450177354c45a485e190744fc15368_61)] [added: [35](#i10450177354c45a485e190744fc15368_61)] | | |

| [Item 7.](#i10450177354c45a485e190744fc15368_67) | | | [Management's Discussion and Analysis of Financial Condition and Results of Operations](#i10450177354c45a485e190744fc15368_67) | | | [removed: [35](#i10450177354c45a485e190744fc15368_67)] [added: [36](#i10450177354c45a485e190744fc15368_67)] | | |

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).

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| renewable energy tax credits | | | production tax credits and investment tax credits collectively | | |

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| [Item 1C.](#i10450177354c45a485e190744fc15368_2421) | | | [Cybersecurity](#i10450177354c45a485e190744fc15368_2421) | | | [33](#i10450177354c45a485e190744fc15368_2421) | | |

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| | | | | | | 5.279% Corporate Units | | | | | | NEE.PRP | | | | | | New York Stock Exchange | | |

| | | | | | | 6.219% Corporate Units | | | | | | NEE.PRQ | | | | | | New York Stock Exchange | | |

Risk Management and Strategy

Cybersecurity risk management is included in NEE’s, including FPL’s, overall risk management program.

NEE, including FPL, operates a cybersecurity program which, among other objectives, seeks to identify potential unauthorized occurrences on or conducted through the electronic information resources owned or used by NEE or FPL (information systems) that may result in adverse effects on the confidentiality, integrity or availability of its information systems or any information residing on those systems (cybersecurity threats) as well as on its operations.

The cybersecurity program includes controls to reduce the risk and potential impact of a cybersecurity incident and to align its processes, controls and implemented technologies with industry standard frameworks and regulations.

In addition, outside experts assess NEE’s, including FPL’s, cybersecurity program capabilities, technology environment and security controls to regularly evaluate effectiveness.

NEE, including FPL, operates a cybersecurity operations center and has cyber threat intelligence capability to identify, monitor, detect and respond to cybersecurity threats which is led by a cybersecurity incident response team.

NEE, including FPL, uses these resources to identify cybersecurity threats and monitor for anomalies that may result in cybersecurity incidents on their systems, and monitors for impacts to external vendors or suppliers.

Assessment of an incident includes, but is not limited to, analysis of the urgency and operational or business impact of an incident and the status and effectiveness of incident defenses.

NEE, including FPL, invests in personnel and technologies with the objective of limiting the frequency and impact of cybersecurity incidents.

Following documented cybersecurity incident response procedures, the cybersecurity incident response team escalates information about cybersecurity incidents as appropriate to oversight committees charged with managing specific aspects of cybersecurity risk, including, among others, the Cybersecurity and Resiliency Committee, the Cybersecurity Governance Executive Committee and NEE's Board of Directors.

NEE, including FPL, conducts an annual internal cybersecurity drill with the participation from time to time of local, state and federal agencies to test its capability of dealing with a simulated cyber-attack.

NEE, including FPL, also participates in industry

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forums and trade groups, as well as in NERC activities to learn and apply these learnings to its cybersecurity policies and procedures.

NEE, including FPL, uses third parties to periodically assess the extent to which its cybersecurity risk management protocols align with the DOE’s Cybersecurity Capability Maturity Model standard.

Certain functions within NEE, including FPL, are required to comply with certain regulatory standards that are designed to protect against cybersecurity incidents, including the NERC Critical Infrastructure Protection standards, as well as the NRC cybersecurity protection standards.

Further, NEE, including FPL, has a cybersecurity training program and a mock phishing program to educate and train employees on potential cybersecurity risks and on privacy and data protection.

Given geopolitical events, NEE, including FPL, continues to take steps to protect against cybersecurity threats to its critical infrastructure, including communications with its employees to ensure heightened awareness of increased cybersecurity threats worldwide.

The cybersecurity capabilities of third-party vendors providing system solutions to NEE or FPL or accessing NEE’s or FPL’s systems or data is evaluated as part of the new vendor establishment process.

NEE, including FPL, retains the right to audit vendors for cybersecurity of products and services.

Where applicable in NEE’s or FPL’s contracts with third-party vendors accessing its systems or data, standard data security terms and conditions are utilized and minimum amounts of insurance coverage based on the risk of exposure are required.

NEE, including FPL, operates U.S. critical infrastructure.

There have been cyberattacks and other physical attacks within the energy industry on energy infrastructure such as substations, gas pipelines and related assets in the past and there may be such attacks in the future.

Although there have been no cybersecurity incidents or threats with a material impact on NEE’s nor FPL’s business strategy, results of operations, or financial condition, NEE's or FPL's information technology systems could fail or be breached, and such systems could be inoperable, causing NEE and FPL to be unable to fulfill critical business operations.

The disclosures herein should be reviewed with the risk factors included in Part I, Item 1A.

Governance

The chief information officer, the vice president, IT infrastructure and cybersecurity and the chief information security officer are responsible for assessing and managing material risks from cybersecurity threats and have careers that represent more than 75 years of combined experience related to the management and protection of technologies.

These individuals participate in or receive updates from not only the cybersecurity incident response team but also cybersecurity oversight committees, such as the Cybersecurity and Resiliency Committee comprised of various members of management, including the chief executive officers of FPL and NEER, the chief financial officer and the chief legal officer and the Cybersecurity Governance Executive Committee comprised of various members of management, including vice president of internal audit and executive director of emergency preparedness.

These committees are charged with governing cybersecurity, cyber risks and resilience activities as well as the cyber and physical security policies and programs for NEE and its subsidiaries.

NEE’s Board of Directors is responsible for the oversight of risks from cybersecurity threats and receives cybersecurity reports from NEE’s chief information officer and its vice president, IT infrastructure and cybersecurity.

The cybersecurity reports to the Board of Directors include various information, such as updates on the cybersecurity threat landscape, risk assessments, mitigation plans, including cyber defenses, notable incidents and a summary of the annual cyber drill results.

Significant active cybersecurity incidents and threats are communicated to the Board of Directors as they occur.

Substantially all of FPL's properties are subject to the lien of FPL's mortgage, which secures most [added: long-term] debt securities issued by FPL.

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NEE's common stock is traded on the New York Stock Exchange under the symbol "NEE." As of January 31, [removed: 2023,] [added: 2024,] there were [removed: 14,619] [added: 13,891] holders of record of NEE's common stock.

In February [removed: 2023,] [added: 2024,] NEE announced that it would increase its quarterly dividend on its common stock from [removed: $0.425] [added: $0.4675] per share to [removed: $0.4675] [added: $0.515] per share.

Issuer Purchases of Equity Securities. Information regarding purchases made by NEE of its common stock during the three months ended December 31, [removed: 2022] [added: 2023] is as follows:

| [removed: 10/1/22] [added: 10/1/23] – [removed: 10/31/22] [added: 10/31/23] | | | | | | — | | | | | | — | | | | | | — | | | | | | 180,000,000 | | |

| [removed: 11/1/22] [added: 12/1/23] – [removed: 11/30/22] [added: 12/31/23] | | | | | | [removed: 6,819] [added: —] | | | | | | $ | [removed: 82.91] [added: —] | | | | | — | | | | | | 180,000,000 | | |

[removed: (a)Includes: (1) in November 2022,] [added: (a)Includes] shares of common stock withheld from employees to pay certain withholding taxes upon the vesting of stock awards granted to such employees under the NextEra Energy, Inc. 2021 Long Term Incentive Plan and the NextEra Energy, Inc. Amended and Restated 2011 Long Term Incentive [removed: Plan; and (2) in December 2022, shares of common stock purchased by the trustee of a grantor trust to fund a reinvestment of dividends in connection with NEE's obligation under a February 2006 grant under the NextEra Energy, Inc. Amended and Restated Long-Term Incentive Plan to a former executive officer of deferred retirement share awards.][added: Plan.]

| 11/1/23 – 11/30/23 | | | | | | 12,561 | | | | | | $ | 57.00 | | | | | — | | | | | | 180,000,000 | | |

| Total | | | | | | 12,561 | | | | | | $ | 57.00 | | | | | — | | | | | | | | |

| 12/1/22 – 12/31/22 | | | | | | 1,549 | | | | | | $ | 86.21 | | | | | — | | | | | | 180,000,000 | | |

| Total | | | | | | 8,368 | | | | | | $ | 83.52 | | | | | — | | | | | | | | |

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Management assessed the effectiveness of NEE's and FPL's internal control over financial reporting as of December 31, [removed: 2022,] [added: 2023,] using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in the *Internal Control – Integrated Framework (2013)*.

Based on this assessment, management believes that NEE's and FPL's internal control over financial reporting was effective as of December 31, [removed: 2022.][added: 2023.]

| Armando Pimentel, Jr. President and Chief Executive Officer of FPL | | | | | | Keith Ferguson [added: Vice President, Accounting and] Controller of FPL | | |

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We have audited the internal control over financial reporting of NextEra Energy, Inc. and subsidiaries (NEE) and Florida Power & Light Company and subsidiaries (FPL) as of December 31, [removed: 2022,] [added: 2023,] based on criteria established in *Internal Control – Integrated Framework* *(2013)* issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In our opinion, NEE and FPL maintained, in all material respects, effective internal control over financial reporting as of December 31, [removed: 2022,] [added: 2023,] based on criteria established in *Internal Control – Integrated Framework (2013)* issued by COSO.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements as of and for the year ended December 31, [removed: 2022] [added: 2023] of NEE and FPL and our report dated February [removed: 17, 2023,] [added: 16, 2024,] expressed unqualified opinions on those financial statements.

We have audited the accompanying consolidated balance sheets of NextEra Energy, Inc. and subsidiaries (NEE) and the related separate consolidated balance sheets of Florida Power & Light Company and subsidiaries (FPL) as of December 31, [removed: 2022] [added: 2023] and [removed: 2021,] [added: 2022,] and NEE's and FPL's related consolidated statements of income and cash flows, NEE's consolidated statements of comprehensive income and equity, and FPL’s consolidated statements of common shareholder’s equity, for each of the three years in the period ended December 31, [removed: 2022,] [added: 2023,] and the related notes (collectively referred to as the "financial statements").

In our opinion, the financial statements present fairly, in all material respects, the consolidated financial position of NEE and the consolidated financial position of FPL as of December 31, [removed: 2022] [added: 2023] and [removed: 2021,] [added: 2022,] and the results of their operations and their cash flows for each of the three years in the period ended December 31, [removed: 2022,] [added: 2023,] in conformity with accounting principles generally accepted in the United States of America.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), NEE’s and FPL’s internal control over financial reporting as of December 31, [removed: 2022,] [added: 2023,] based on criteria established in *Internal Control – Integrated Framework (2013)* issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated February [removed: 17, 2023,] [added: 16, 2024,] expressed unqualified opinions on NEE’s and FPL’s internal control over financial reporting.

NEE – Operating Revenue – Unrealized [removed: Losses] [added: Gains] – Refer to Note 3 to the financial statements

For the year ended December 31, [removed: 2022,] [added: 2023,] unrealized [removed: losses] [added: gains] associated with Level 3 transactions of [removed: $1,162] [added: $1,482] million are included in operating revenues in the consolidated statement of income of NEE.

Our audit procedures related to operating revenue – unrealized [removed: losses] [added: gains] included the following, among others:

Accounting for the economics of rate regulation impacts multiple financial statement line items and disclosures, such as property, plant, and equipment; regulatory assets and liabilities; operating revenues; fuel [removed: expense,] [added: expense;] operation and maintenance expense; and depreciation expense.

- We assessed the likelihood of (1) recovery of recorded regulatory assets and (2) obligations requiring future reductions in rates by obtaining, [removed: reading] [added: reading,] and evaluating relevant regulatory orders issued by the FPSC to FPL, [removed: (including the December 2, 2021 order adopting the stipulation of settlement for FPL's 2021 rate agreement, which became effective on January 1, 2022)] and considering regulatory precedents established by the FPSC.

- We evaluated FPL's [removed: disclosure] [added: disclosures] related to the impacts of rate regulation, including the balances recorded and regulatory developments.

| | | | [removed: 2022] [added: 2023] | | | | | | [removed: 2021] [added: 2022] | | | | | | [removed: 2020] [added: 2021] | | | | | |

| OPERATING REVENUES | | | | | | $ | [removed: 20,956] [added: 28,114] | | | | | $ | [removed: 17,069] [added: 20,956] | | | | | $ | [removed: 17,997] [added: 17,069] | |

| Fuel, purchased power and interchange | | | | | | [removed: 6,389] [added: 5,457] | | | | | | [removed: 4,527] [added: 6,389] | | | | | | [removed: 3,539] [added: 4,527] | | |

| Other operations and maintenance | | | | | | [removed: 4,428] [added: 4,681] | | | | | | [removed: 3,981] [added: 4,428] | | | | | | [removed: 3,934] [added: 3,981] | | |

| Depreciation and amortization | | | | | | [removed: 4,503] [added: 5,879] | | | | | | [removed: 3,924] [added: 4,503] | | | | | | [removed: 4,052] [added: 3,924] | | |

| Taxes other than income taxes and other – net | | | | | | [removed: 2,077] [added: 2,265] | | | | | | [removed: 1,801] [added: 2,077] | | | | | | [removed: 1,709] [added: 1,801] | | |

| Total operating expenses – net | | | | | | [removed: 17,397] [added: 18,282] | | | | | | [removed: 14,233] [added: 17,397] | | | | | | [removed: 13,234] [added: 14,233] | | |

| GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET | | | | | | [removed: 522] [added: 405] | | | | | | [removed: 77] [added: 522] | | | | | | [removed: 353] [added: 77] | | |

| OPERATING INCOME | | | | | | [removed: 4,081] [added: 10,237] | | | | | | [removed: 2,913] [added: 4,081] | | | | | | [removed: 5,116] [added: 2,913] | | |

| Interest expense | | | | | | [removed: (585)] [added: (3,324)] | | | | | | [removed: (1,270)] [added: (585)] | | | | | | [removed: (1,950)] [added: (1,270)] | | |

| Equity in earnings (losses) of equity method investees | | | | | | [removed: 203] [added: (648)] | | | | | | [removed: 666] [added: 203] | | | | | | [removed: (1,351)] [added: 666] | | |

| Allowance for equity funds used during construction | | | | | | [removed: 112] [added: 161] | | | | | | [removed: 142] [added: 112] | | | | | | [removed: 93] [added: 142] | | |

| Gains on disposal of investments and other property – net | | | | | | [removed: 80] [added: 125] | | | | | | [removed: 70] [added: 80] | | | | | | [removed: 50] [added: 70] | | |

| Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net | | | | | | [removed: (461)] [added: 159] | | | | | | [removed: 267] [added: (461)] | | | | | | [removed: 163] [added: 267] | | |

| Other net periodic benefit income | | | | | | [removed: 202] [added: 245] | | | | | | [removed: 257] [added: 202] | | | | | | [removed: 200] [added: 257] | | |

| Other – net | | | | | | [removed: 200] [added: 333] | | | | | | [removed: 130] [added: 200] | | | | | | [removed: 92] [added: 130] | | |

| Total other income (deductions) – net | | | | | | [removed: (249)] [added: (2,949)] | | | | | | [removed: 262] [added: (249)] | | | | | | [removed: (2,703)] [added: 262] | | |

| INCOME BEFORE INCOME TAXES | | | | | | [removed: 3,832] [added: 7,288] | | | | | | [removed: 3,175] [added: 3,832] | | | | | | [removed: 2,413] [added: 3,175] | | |

| INCOME TAXES | | | | | | [removed: 586] [added: 1,006] | | | | | | [removed: 348] [added: 586] | | | | | | [removed: 44] [added: 348] | | |

| NET INCOME | | | | | | [removed: 3,246] [added: 6,282] | | | | | | [removed: 2,827] [added: 3,246] | | | | | | [removed: 2,369] [added: 2,827] | | |

| NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | | | | | | [removed: 901] [added: 1,028] | | | | | | [removed: 746] [added: 901] | | | | | | [removed: 550] [added: 746] | | |

| NET INCOME ATTRIBUTABLE TO NEE | | | | | | $ | [removed: 4,147] [added: 7,310] | | | | | $ | [removed: 3,573] [added: 4,147] | | | | | $ | [removed: 2,919] [added: 3,573] | |

| Basic | | | | | | $ | [removed: 2.10] [added: 3.61] | | | | | $ | [removed: 1.82] [added: 2.10] | | | | | $ | [removed: 1.49] [added: 1.82] | |

| Assuming dilution | | | | | | $ | [removed: 2.10] [added: 3.60] | | | | | $ | [removed: 1.81] [added: 2.10] | | | | | $ | [removed: 1.48] [added: 1.81] | |

February 16, 2024

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February 16, 2024

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| Contract assets | | | | | | 1,487 | | | | | | 318 | | |

| Other | | | | | | 1,335 | | | | | | 789 | | |

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| Net income | | | $ | 6,282 | | | | | $ | 3,246 | | | | | $ | 2,827 | |

| Proceeds from the sale of Florida City Gas business | | | 924 | | | | | | — | | | | | | — | | |

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Disposal of subsidiaries with noncontrolling interests(b) | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (165) | | | | | | | | | | | | — | | |

| Balances, December 31, 2023 | | | 2,052 | | | | | | $ | 21 | | | | | $ | 17,365 | | | | | $ | (153) | | | | | $ | 30,235 | | | | | $ | 47,468 | | | | | $ | 10,300 | | | | | $ | 57,768 | | | | | $ | 1,256 | |

[Table of Content](#i10450177354c45a485e190744fc15368_10)[s](#i10450177354c45a485e190744fc15368_10)

| GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET | | | 407 | | | | | | 4 | | | | | | 1 | | |

[Table of Content](#i10450177354c45a485e190744fc15368_10)[s](#i10450177354c45a485e190744fc15368_10)

| | | | | | | 2023 | | | | | | 2022 | | |

| Commercial paper | | | | | | $ | 2,374 | | | | | $ | 1,709 | |

[Table of Content](#i10450177354c45a485e190744fc15368_10)[s](#i10450177354c45a485e190744fc15368_10)

| Depreciation and amortization | | | 3,789 | | | | | | 2,695 | | | | | | 2,266 | | |

| Cost recovery clauses and franchise fees | | | 1,104 | | | | | | (1,465) | | | | | | (599) | | |

| Gains on disposal of business/assets - net | | | (407) | | | | | | (4) | | | | | | (1) | | |

| Recoverable storm-related costs | | | (399) | | | | | | (811) | | | | | | (138) | | |

| Other – net | | | (27) | | | | | | 20 | | | | | | (156) | | |

| Proceeds from the sale of Florida City Gas business | | | 924 | | | | | | — | | | | | | — | | |

| Other – net | | | (15) | | | | | | (3) | | | | | | 15 | | |

| Proceeds from other short-term debt | | | 55 | | | | | | — | | | | | | — | | |

| Other – net | | | (72) | | | | | | (39) | | | | | | (44) | | |

[Table of Content](#i10450177354c45a485e190744fc15368_10)[s](#i10450177354c45a485e190744fc15368_10)

| Distribution of a subsidiary to NEE | | | — | | | | | | (90) | | | | | | — | | | | | | | | |

| Other | | | — | | | | | | (1) | | | | | | (1) | | | | | | | | |

| Balances, December 31, 2023 | | | $ | 1,373 | | | | | $ | 23,470 | | | | | $ | 13,992 | | | | | $ | 38,835 | |

[Table of Content](#i10450177354c45a485e190744fc15368_10)[s](#i10450177354c45a485e190744fc15368_10)

| | | | 2023 | | | | | | 2022 | | | | | | 2023 | | | | | | 2022 | | |

| Other | | | 251 | | | | | | 190 | | | | | | 222 | | | | | | 180 | | |

February 17, 2023

| | | | | | | | | | | | | | | | | | |

| IMPACT OF DISPOSAL OF A BUSINESS (NET OF $19 TAX BENEFIT) | | | — | | | | | | — | | | | | | 10 | | |

| Increase in property, plant and equipment related to an acquisition | | | $ | — | | | | | $ | — | | | | | $ | 68 | |

| Decrease in joint venture investments related to an acquisition | | | $ | — | | | | | $ | — | | | | | $ | 145 | |

| Balances, December 31, 2019 | | | 1,956 | | | | | | $ | 20 | | | | | $ | 11,955 | | | | | $ | (169) | | | | | $ | 25,199 | | | | | $ | 37,005 | | | | | $ | 4,355 | | | | | $ | 41,360 | | | | | $ | 487 | |

| Impact of disposal of business | | | — | | | | | | — | | | | | | — | | | | | | 10 | | | | | | — | | | | | | 10 | | | | | | — | | | | | | | | | | | | — | | |

| Adoption of accounting standards update (b) | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (11) | | | | | | (11) | | | | | | — | | | | | | | | | | | | — | | |

| Sale of noncontrolling interests | | | — | | | | | | — | | | | | | (169) | | | | | | — | | | | | | — | | | | | | (169) | | | | | | 689 | | | | | | | | | | | | — | | |

| Other | | | — | | | | | | — | | | | | | (2) | | | | | | — | | | | | | (1) | | | | | | (3) | | | | | | 102 | | | | | | | | | | | | — | | |

| Premium on equity units | | | — | | | | | | — | | | | | | (127) | | | | | | — | | | | | | — | | | | | | (127) | | | | | | — | | | | | | | | | | | | — | | |

| Other | | | — | | | | | | — | | | | | | (2) | | | | | | — | | | | | | 1 | | | | | | (1) | | | | | | 166 | | | | | | | | | | | | (2) | | |

_________________________

(b)See Note 1 – Measurement of Credit Losses on Financial Instruments.

| Other – net | | | (3) | | | | | | 15 | | | | | | 65 | | |

| Other – net | | | (39) | | | | | | (44) | | | | | | (44) | | |

| Balances, December 31, 2019 | | | $ | 1,373 | | | | | $ | 15,485 | | | | | $ | 8,939 | | | | | $ | 25,797 | |

| Other | | | — | | | | | | 1 | | | | | | — | | | | | | | | |

| Capital contributions from NEE | | | — | | | | | | 3,625 | | | | | | — | | | | | | | | |

As a result, the previous segments known as the FPL segment and Gulf Power are no longer separate reportable segments.

See Note 16.

NextEra Energy Partners, LP (NEP) was formed in 2014 to acquire, manage and own contracted clean energy projects with stable long-term cash flows through a limited partner interest in NextEra Energy Operating Partners, LP (NEP OpCo).

NEE owns a noncontrolling interest in NEP, accounts for its ownership interest in NEP as an equity method investment with its earnings/losses from NEP as equity in earnings (losses) of equity method investees and accounts for NextEra Energy Resources' project sales to NEP as third-party sales in its consolidated financial statements.

| Acquisition of purchased power agreements(b) | | | 141 | | | | | | 141 | | | | | | 141 | | | | | | 141 | | |

| Other | | | 49 | | | | | | 54 | | | | | | 39 | | | | | | 40 | | |

| Acquisition of purchased power agreements(b) | | | 191 | | | | | | 332 | | | | | | 191 | | | | | | 332 | | |

| Other | | | 1,690 | | | | | | 1,583 | | | | | | 1,182 | | | | | | 1,348 | | |

| Other | | | 11 | | | | | | 15 | | | | | | 10 | | | | | | 4 | | |

See below regarding the 2022 fuel under-recovery.

(d)The majority of these regulatory assets are expected to be amortized over 12 months beginning April 2023.

In January 2023, FPL filed a petition with the FPSC requesting recovery of its 2022 fuel under-recovery of approximately $2.1 billion (included in current deferred clause and franchise expenses and noncurrent deferred clause expenses above) over 21 months beginning April 2023.

As a result of natural gas prices currently being lower than originally projected for 2023, FPL

also requested a $1.0 billion mid-course correction to reduce the 2023 levelized fuel charges to customers that would go into effect beginning April 2023.

An FPSC decision is expected in March 2023.

The revised authorized regulatory ROE will have only a minimal impact to base rates.

The appellants argue that the FPSC lacked authority to approve certain aspects of FPL's 2021 rate agreement, that the final order fails to address certain contested issues and that certain of the FPSC's findings in its final order were not adequately analyzed or supported by evidence and have requested that the final order be reversed or remanded.

FPL believes that the FPSC’s decision should not be reversed or remanded by the Florida Supreme Court, because, among other things, the FPSC acted within its statutory authority in approving the 2021 rate agreement and the FPSC’s public-interest findings are supported by competent, substantial evidence in the record.

A ruling by the Florida Supreme Court is pending.

less estimated net salvage value, is charged to accumulated depreciation.

the period in which it is incurred if it can be reasonably estimated, with the offsetting associated asset retirement costs capitalized as part of the carrying amount of the long-lived assets.

As of December 31, [removed: 2022,] [added: 2023,] each of NEE and FPL had performed an evaluation, under the supervision and with the participation of its management, including NEE's and FPL's chief executive officer and chief financial officer, of the effectiveness of the design and operation of each company's disclosure controls and procedures (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)).

Based upon that evaluation, the chief executive officer and the chief financial officer of each of NEE and FPL concluded that the company's disclosure controls and procedures were effective as of December 31, [removed: 2022.][added: 2023.]

(b) On December 13, 2023, James May, Vice President, Controller and Chief Accounting Officer, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of 1,287 shares of NEE's common stock until December 13, 2024.

None

The information required by this item will be included under the headings "Business of the Annual Meeting," "Information About NextEra Energy and Management" and "Corporate Governance and Board Matters" in NEE's Proxy Statement which will be filed with the SEC in connection with the [removed: 2023] [added: 2024] Annual Meeting of Shareholders (NEE's Proxy Statement) and is incorporated herein by reference, or is included in Item 1.

NEE's equity compensation plan information at December 31, [removed: 2022] [added: 2023] is as follows:

| Equity compensation plans approved by security holders | | | | | | [removed: 15,598,100] [added: 14,907,209] | | | (a) | | | $ | 49.67 | | (b) | | | [removed: 64,026,892] [added: 61,238,145] | | | (c) | | |

(a)Includes an aggregate of [removed: 10,699,410] [added: 10,983,132] outstanding options, [removed: 3,163,736] [added: 3,356,624] unvested performance share awards (at maximum payout), [removed: 1,035,825] [added: 89,784] deferred fully vested performance shares, [removed: 203,949 deferred stock awards and 443,238] [added: 418,000] unvested restricted stock units (including future reinvested dividends) under the NextEra Energy, Inc. 2021 Long Term Incentive Plan and former LTIPs, and [removed: 51,942] [added: 59,669] fully vested shares deferred by directors under the NextEra Energy, Inc. 2017 Non-Employee Directors Stock Plan, and its [removed: predecessors] [added: predecessors,] the [removed: FPL Group, Inc.] 2007 Non-Employee Directors Stock Plan and the FPL Group, Inc. Amended and Restated Non-Employee Directors Stock Plan.

(c)Includes [removed: 62,222,683] [added: 59,466,695] shares under the NextEra Energy, Inc. 2021 Long Term Incentive Plan and [removed: 1,804,210] [added: 1,771,450] shares under the NextEra Energy, Inc. 2017 Non-Employee Directors Stock Plan.

| Total | | | | | | 14,907,209 | | | | | | $ | 49.67 | | | | | 61,238,145 | | | | | |

| Total | | | | | | 15,598,100 | | | | | | $ | 49.67 | | | | | 64,026,892 | | | | | |

FPL – The following table presents fees billed for professional services rendered by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, Deloitte & Touche) for the fiscal years ended December 31, [removed: 2022] [added: 2023] and [removed: 2021.][added: 2022.]

| Audit fees(a) | | | $ | [removed: 4,240,000] [added: 4,402,000] | | | | | $ | [removed: 3,834,000] [added: 4,240,000] | |

| Audit-related fees(b) | | | [removed: 549,000] [added: 102,000] | | | | | | [removed: 752,000] [added: 549,000] | | |

| Tax fees(c) | | | [removed: 570,000] [added: 390,000] | | | | | | [removed: 404,000] [added: 570,000] | | |

| All other fees(d) | | | [removed: 180,000] [added: 187,000] | | | | | | [removed: 57,000] [added: 180,000] | | |

| Total | | | $ | [removed: 5,539,000] [added: 5,081,000] | | | | | $ | [removed: 5,047,000] [added: 5,539,000] | |

In [removed: 2022,] [added: 2023,] these fees relate to training and advisory services for [removed: Human Resources optimization,] [added: IT job architecture] and [added: skills descriptions, and] in [removed: 2021,] [added: 2022,] these fees relate to training and advisory services for [removed: development of a request for proposal on financial systems implementation services.][added: Human Resources optimization.]

In [removed: 2022] [added: 2023] and [removed: 2021,] [added: 2022,] none of the amounts presented above represent services provided to NEE or FPL by Deloitte & Touche that were approved by the Audit Committee after services were rendered pursuant to Rule 2-01(c)(7)(i)(C) of Regulation S-X (which provides for a waiver of the otherwise applicable pre-approval requirement if certain conditions are met).

| | | | 2023 | | | | | | 2022 | | |

| | | | 2022 | | | | | | 2021 | | |

| | | | *3(i)c | | | | | | [Articles of Merger of Florida Power & Light Company and Gulf Power [removed: Company](http://www.sec.gov/Archives/edgar/data/0000753308/000075330820000192/exhibit3i.htm)] [added: Company](http://www.sec.gov/Archives/edgar/data/37634/000075330821000014/nee-q42020xex3ic.htm)] [(filed as Exhibit 3(i)(c) to Form 10-K for the year ended December 31, 2020, File No. [removed: 2-27612)](http://www.sec.gov/Archives/edgar/data/0000753308/000075330820000192/exhibit3i.htm)] [added: 2-27612)](http://www.sec.gov/Archives/edgar/data/37634/000075330821000014/nee-q42020xex3ic.htm)] | | | | | | | | | | | | x | | |

[removed: | | | | *4(a) | | | | | | Mortgage and Deed of Trust dated as of January 1, 1944, as amended, between Florida Power & Light Company and Deutsche Bank Trust Company Americas, Trustee (filed as Exhibit B-3, File No. 2-4845; Exhibit 7(a), File No. 2-7126; Exhibit 7(a), File No. 2-7523; Exhibit 7(a), File No. 2-7990; Exhibit 7(a), File No. 2-9217; Exhibit 4(a)-5, File No. 2-10093; Exhibit 4(c), File No. 2-11491; Exhibit 4(b)-1, File No. 2-12900; Exhibit 4(b)-1, File No. 2-13255; Exhibit 4(b)-1, File No. 2-13705; Exhibit 4(b)-1, File No. 2-13925; Exhibit 4(b)-1, File No. 2-15088; Exhibit 4(b)-1, File No. 2-15677; Exhibit 4(b)-1, File No. 2-20501; Exhibit 4(b)-1, File No. 2-22104; Exhibit 2(c), File No. 2-23142; Exhibit 2(c), File No. 2-24195; Exhibit 4(b)-1, File No. 2-25677; Exhibit 2(c), File No. 2-27612; Exhibit 2(c), File No. 2-29001; Exhibit 2(c), File No. 2-30542; Exhibit 2(c), File No. 2-33038; Exhibit 2(c), File No. 2-37679; Exhibit 2(c), File No. 2-39006; Exhibit 2(c), File No. 2-41312; Exhibit 2(c), File No. 2-44234; Exhibit 2(c), File No. 2-46502; Exhibit 2(c), File No. 2-48679; Exhibit 2(c), File No. 2-49726; Exhibit 2(c), File No. 2-50712; Exhibit 2(c), File No. 2-52826; Exhibit 2(c), File No. 2-53272; Exhibit 2(c), File No. 2-54242; Exhibit 2(c), File No. 2-56228; Exhibits 2(c) and 2(d), File No. 2-60413; Exhibits 2(c) and 2(d), File No. 2-65701; Exhibit 2(c), File No. 2-66524; Exhibit 2(c), File No. 2-67239; Exhibit 4(c), File No. 2-69716; Exhibit 4(c), File No. 2-70767; Exhibit 4(b), File No. 2-71542; Exhibit 4(b), File No. 2-73799; Exhibits 4(c), 4(d) and 4(e), File No. 2-75762; Exhibit 4(c), File No. 2-77629; Exhibit 4(c), File No. 2-79557; Exhibit 99(a) to Post-Effective Amendment No. 5 to Form S-8, File No. 33-18669; Exhibit 99(a) to Post-Effective Amendment No. 1 to Form S-3, File No. 33-46076; [Exhibit 4(b) to Form 10-Q for the quarter ended June 30, 1995, File No. 1-3545](http://www.sec.gov/Archives/edgar/data/37634/0000037634-95-000010.txt); [Exhibit 4(a) to Form 10-Q for the quarter ended March 31, 1996, File No. 1-3545](http://www.sec.gov/Archives/edgar/data/37634/0000753308-96-000009.txt); [Exhibit 4(o), File No. 333-102169](http://www.sec.gov/Archives/edgar/data/753308/000095012002000664/ex4_o.txt); [Exhibit 4(k) to Post-Effective Amendment No. 1 to Form S-3, File No. 333-102172](http://www.sec.gov/Archives/edgar/data/37634/000095012003000209/ex4k.txt); [Exhibit 4(l) to Post-Effective Amendment No. 2 to Form S-3, File No. 333-102172](http://www.sec.gov/Archives/edgar/data/37634/000095012003000683/ex_4l.txt); [Exhibit 4(m) to Post-Effective Amendment No. 3 to Form S-3, File No. 333-102172](http://www.sec.gov/Archives/edgar/data/37634/000095012004000100/ex4m.txt); [Exhibit 4(f) to Amendment No. 1 to Form S-3, File No. 333-125275](http://www.sec.gov/Archives/edgar/data/753308/000104746905017643/a2159683zex-4_f.htm)[;](http://www.sec.gov/Archives/edgar/data/753308/000104746905017643/a2159683zex-4_f.htm) [Exhibit 4(y) to Post-Effective Amendment No. 2 to Form S-3, File Nos. 333-116300, 333-116300-01 and 333-116300-02](http://www.sec.gov/Archives/edgar/data/37634/000095012005000672/ex4y.txt); [Exhibit 4(z) to Post-Effective Amendment No. 3 to Form S-3, File Nos. 333-116300, 333-116300-01 and 333-116300-02](http://www.sec.gov/Archives/edgar/data/37634/000095012006000039/exh4z.txt); [Exhibit 4(b) to Form 10-Q for the quarter ended March 31, 2006, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330806000053/exhibit4b.htm); [Exhibit 4(a) to Form 8-K dated April 17, 2007, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000003763407000003/exhibit4a.htm); [Exhibit 4 to Form 8-K dated January 16, 2008, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000003763408000001/exhibit4.htm); [Exhibit 4(a) to Form 8-K dated March 17, 2009, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330809000035/exhibit4a.htm); [Exhibit 4 to Form 8-K dated February 9, 2010](http://www.sec.gov/Archives/edgar/data/37634/000075330810000007/exhibit4.htm), [File No. 2-27612; Exhibit 4 to Form 8-K dated December 9, 2010, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330810000118/exhibit4.htm); [Exhibit 4(a) to Form 8-K dated June 10, 2011, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330811000040/exhibit4a.htm); [Exhibit 4 to Form 8-K dated December 13, 2011, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330811000090/ex4.htm); [Exhibit 4 to Form 8-K dated May 15, 2012, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330812000057/ex4.htm); [Exhibit 4 to Form 8-K dated December 20, 2012, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330812000132/ex4.htm); [Exhibit 4 to Form 8-K dated June 5, 2013, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330813000053/exhibit4dated06052013.htm); [Exhibit 4 to Form 8-K dated May 15, 2014, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330814000038/exhibit4-05152014.htm); [Exhibit 4 to Form 8-K dated September 10, 2014, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330814000087/ex409102014.htm); [Exhibit 4 to Form 8-K dated November 19, 2015, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330815000260/ex4-11192015.htm); [Exhibit 4(b) to Form 10-K for the year ended December 31, 2017, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330818000013/nee-12312017ex4b.htm); [Exhibit 4(a) to Form 10-Q for the quarter ended March 31, 2018, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330818000081/nee-q12018xex4a.htm); [Exhibit 4(j), File Nos. 333-226056, 333-226056-01 and 333-226056-02](http://www.sec.gov/Archives/edgar/data/37634/000114420418037015/tv497370_ex4j.htm); [Exhibit 4(k), File Nos. 333-226056, 333-226056-01 and 333-226056-02](http://www.sec.gov/Archives/edgar/data/37634/000114420418037015/tv497370_ex4k.htm); [Exhibit 4(a) to Form 10-Q for the quarter ended March 31, 2019, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330819000118/nee-q12019xex4a.htm); [Exhibit 4(f) to Form 10-Q for the quarter ended September 30, 2019, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330819000207/nee-q32019xex4f.htm); [Exhibit 4(e) to Form 10-Q for the quarter ended March 31, 2020, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330820000113/nee-q12020ex4e.htm); [and](http://www.sec.gov/Archives/edgar/data/37634/000075330821000014/nee-q42020xex4b.htm) [Exhibit 4(b) to Form 10-K for the year ended December 31, 2020, File No. 2-27612)](http://www.sec.gov/Archives/edgar/data/37634/000075330821000014/nee-q42020xex4b.htm); [Exhibit 4(b) to Form 10-K for the year ended December 31, 2021, File No. 2-27612;](http://www.sec.gov/Archives/edgar/data/753308/000075330822000014/nee-q42021xex4b.htm) [and Exhibit 4(c) to Form 10-K for the year ended December 31, 2021, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/753308/000075330822000014/nee-q42021xex4c.htm) | | | | | | x | | | | | | x | | |][added: | | | | *4(a) | | | | | | Mortgage and Deed of Trust dated as of January 1, 1944, as amended, between Florida Power & Light Company and Deutsche Bank Trust Company Americas, Trustee (filed as Exhibit B-3, File No. 2-4845; Exhibit 7(a), File No. 2-7126; Exhibit 7(a), File No. 2-7523; Exhibit 7(a), File No. 2-7990; Exhibit 7(a), File No. 2-9217; Exhibit 4(a)-5, File No. 2-10093; Exhibit 4(c), File No. 2-11491; Exhibit 4(b)-1, File No. 2-12900; Exhibit 4(b)-1, File No. 2-13255; Exhibit 4(b)-1, File No. 2-13705; Exhibit 4(b)-1, File No. 2-13925; Exhibit 4(b)-1, File No. 2-15088; Exhibit 4(b)-1, File No. 2-15677; Exhibit 4(b)-1, File No. 2-20501; Exhibit 4(b)-1, File No. 2-22104; Exhibit 2(c), File No. 2-23142; Exhibit 2(c), File No. 2-24195; Exhibit 4(b)-1, File No. 2-25677; Exhibit 2(c), File No. 2-27612; Exhibit 2(c), File No. 2-29001; Exhibit 2(c), File No. 2-30542; Exhibit 2(c), File No. 2-33038; Exhibit 2(c), File No. 2-37679; Exhibit 2(c), File No. 2-39006; Exhibit 2(c), File No. 2-41312; Exhibit 2(c), File No. 2-44234; Exhibit 2(c), File No. 2-46502; Exhibit 2(c), File No. 2-48679; Exhibit 2(c), File No. 2-49726; Exhibit 2(c), File No. 2-50712; Exhibit 2(c), File No. 2-52826; Exhibit 2(c), File No. 2-53272; Exhibit 2(c), File No. 2-54242; Exhibit 2(c), File No. 2-56228; Exhibits 2(c) and 2(d), File No. 2-60413; Exhibits 2(c) and 2(d), File No. 2-65701; Exhibit 2(c), File No. 2-66524; Exhibit 2(c), File No. 2-67239; Exhibit 4(c), File No. 2-69716; Exhibit 4(c), File No. 2-70767; Exhibit 4(b), File No. 2-71542; Exhibit 4(b), File No. 2-73799; Exhibits 4(c), 4(d) and 4(e), File No. 2-75762; Exhibit 4(c), File No. 2-77629; Exhibit 4(c), File No. 2-79557; Exhibit 99(a) to Post-Effective Amendment No. 5 to Form S-8, File No. 33-18669; Exhibit 99(a) to Post-Effective Amendment No. 1 to Form S-3, File No. 33-46076; [Exhibit 4(b) to Form 10-Q for the quarter ended June 30, 1995, File No. 1-3545](http://www.sec.gov/Archives/edgar/data/37634/0000037634-95-000010.txt); [Exhibit 4(a) to Form 10-Q for the quarter ended March 31, 1996, File No. 1-3545](http://www.sec.gov/Archives/edgar/data/37634/0000753308-96-000009.txt); [Exhibit 4(o), File No. 333-102169](http://www.sec.gov/Archives/edgar/data/753308/000095012002000664/ex4_o.txt); [Exhibit 4(k) to Post-Effective Amendment No. 1 to Form S-3, File No. 333-102172](http://www.sec.gov/Archives/edgar/data/37634/000095012003000209/ex4k.txt); [Exhibit 4(l) to Post-Effective Amendment No. 2 to Form S-3, File No. 333-102172](http://www.sec.gov/Archives/edgar/data/37634/000095012003000683/ex_4l.txt); [Exhibit 4(m) to Post-Effective Amendment No. 3 to Form S-3, File No. 333-102172](http://www.sec.gov/Archives/edgar/data/37634/000095012004000100/ex4m.txt); [Exhibit 4(f) to Amendment No. 1 to Form S-3, File No. 333-125275](http://www.sec.gov/Archives/edgar/data/753308/000104746905017643/a2159683zex-4_f.htm)[;](http://www.sec.gov/Archives/edgar/data/753308/000104746905017643/a2159683zex-4_f.htm) [Exhibit 4(y) to Post-Effective Amendment No. 2 to Form S-3, File Nos. 333-116300, 333-116300-01 and 333-116300-02](http://www.sec.gov/Archives/edgar/data/37634/000095012005000672/ex4y.txt); [Exhibit 4(z) to Post-Effective Amendment No. 3 to Form S-3, File Nos. 333-116300, 333-116300-01 and 333-116300-02](http://www.sec.gov/Archives/edgar/data/37634/000095012006000039/exh4z.txt); [Exhibit 4(b) to Form 10-Q for the quarter ended March 31, 2006, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330806000053/exhibit4b.htm); [Exhibit 4(a) to Form 8-K dated April 17, 2007, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000003763407000003/exhibit4a.htm); [Exhibit 4 to Form 8-K dated January 16, 2008, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000003763408000001/exhibit4.htm); [Exhibit 4(a) to Form 8-K dated March 17, 2009, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330809000035/exhibit4a.htm); [Exhibit 4 to Form 8-K dated February 9, 2010](http://www.sec.gov/Archives/edgar/data/37634/000075330810000007/exhibit4.htm), [File No. 2-27612; Exhibit 4 to Form 8-K dated December 9, 2010, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330810000118/exhibit4.htm); [Exhibit 4(a) to Form 8-K dated June 10, 2011, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330811000040/exhibit4a.htm); [Exhibit 4 to Form 8-K dated December 13, 2011, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330811000090/ex4.htm); [Exhibit 4 to Form 8-K dated May 15, 2012, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330812000057/ex4.htm); [Exhibit 4 to Form 8-K dated December 20, 2012, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330812000132/ex4.htm); [Exhibit 4 to Form 8-K dated June 5, 2013, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330813000053/exhibit4dated06052013.htm); [Exhibit 4 to Form 8-K dated May 15, 2014, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330814000038/exhibit4-05152014.htm); [Exhibit 4 to Form 8-K dated September 10, 2014, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330814000087/ex409102014.htm); [Exhibit 4 to Form 8-K dated November 19, 2015, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330815000260/ex4-11192015.htm); [Exhibit 4(b) to Form 10-K for the year ended December 31, 2017, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330818000013/nee-12312017ex4b.htm); [Exhibit 4(a) to Form 10-Q for the quarter ended March 31, 2018, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330818000081/nee-q12018xex4a.htm); [Exhibit 4(j), File Nos. 333-226056, 333-226056-01 and 333-226056-02](http://www.sec.gov/Archives/edgar/data/37634/000114420418037015/tv497370_ex4j.htm); [Exhibit 4(k), File Nos. 333-226056, 333-226056-01 and 333-226056-02](http://www.sec.gov/Archives/edgar/data/37634/000114420418037015/tv497370_ex4k.htm); [Exhibit 4(a) to Form 10-Q for the quarter ended March 31, 2019, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330819000118/nee-q12019xex4a.htm); [Exhibit 4(f) to Form 10-Q for the quarter ended September 30, 2019, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330819000207/nee-q32019xex4f.htm); [Exhibit 4(e) to Form 10-Q for the quarter ended March 31, 2020, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330820000113/nee-q12020ex4e.htm); [Exhibit 4(b) to Form 10-K for the year ended December 31, 2020, File No. 2-27612)](http://www.sec.gov/Archives/edgar/data/37634/000075330821000014/nee-q42020xex4b.htm); [Exhibit 4(b) to Form 10-K for the year ended December 31, 2021, File No. 2-27612;](http://www.sec.gov/Archives/edgar/data/753308/000075330822000014/nee-q42021xex4b.htm) [Exhibit 4(c) to Form 10-K for the year ended December 31, 2021, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/753308/000075330822000014/nee-q42021xex4c.htm); [E](http://www.sec.gov/Archives/edgar/data/37634/000075330823000033/nee-q12023xex4g.htm)[xhibit 4(g) to Form 10-Q for the quarter ended March 31, 2023, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330823000033/nee-q12023xex4g.htm); and [Exhi](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4a.htm)[bit 4(a) to](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4a.htm) [Form 10-Q](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4a.htm) [for the quarter ended](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4a.htm) [June 30, 2023, File No. 2-27612](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4a.htm) | | | | | | x | | | | | | x | | |]

| | | | *4(i) | | | | | | [removed: [Officer's] [added: [O](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm)[fficer's] Certificate of Florida Power & Light Company, dated [removed: May 10, 2021, creating the Floating] [added: June 7, 2022,](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm) [creating](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm) [t](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm)[he](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm) [Floating] Rate Notes, Series due [removed: May 10, 2023] [added: June 15, 20](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm)[72] (filed as Exhibit 4 to Form 8-K dated [removed: May](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000111/exhibit4tonee-fpl8xkdated0.htm) [](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000111/exhibit4tonee-fpl8xkdated0.htm)[10, 2021, File No. 2-27612)](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000111/exhibit4tonee-fpl8xkdated0.htm)] [added: June 7, 2022, F](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm)[ile No](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm)[. 2-27612)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm)] | | | | | | x | | | | | | x | | |

| | | | *4(j) | | | | | | [removed: [Officer's Certificate] [added: [O](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm)[fficer's Cer](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm)[tificate] of Florida Power & Light [removed: Company,](http://www.sec.gov/Archives/edgar/data/37634/000075330822000014/nee-q42021xex4l.htm) [dated January 1](http://www.sec.gov/Archives/edgar/data/37634/000075330822000014/nee-q42021xex4l.htm)[4](http://www.sec.gov/Archives/edgar/data/37634/000075330822000014/nee-q42021xex4l.htm)[, 2022,] [added: Company, dated May 18, 20](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm)[23,] creating [removed: the Floating Rate Notes, Series] [added: th](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm)[e](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm) [4.45%](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm) [Notes](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm)[,](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm) [Series] due [removed: January 12, 2024](http://www.sec.gov/Archives/edgar/data/37634/000075330822000014/nee-q42021xex4l.htm) [](http://www.sec.gov/Archives/edgar/data/37634/000075330822000014/nee-q42021xex4l.htm)[(filed] [added: May 15, 20](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm)[26](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm) [(filed] as [removed: Exhibi](http://www.sec.gov/Archives/edgar/data/37634/000075330822000014/nee-q42021xex4l.htm)[t 4(l)] [added: Exhibit 4(b](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm)[)] to Form [removed: 10-K for](http://www.sec.gov/Archives/edgar/data/37634/000075330822000014/nee-q42021xex4l.htm) [the year ended December 31, 2021,] [added: 10-Q](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm) [for the quarter ended](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm) [](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm)[June 30, 2023,] File No. [removed: 2-27612)](http://www.sec.gov/Archives/edgar/data/37634/000075330822000014/nee-q42021xex4l.htm)] [added: 2-27612)](http://www.sec.gov/Archives/edgar/data/37634/000075330823000045/nee-q22023xex4b.htm)] | | | | | | x | | | | | | x | | |

| | | | *4(k) | | | | | | [removed: [O](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm)[fficer's] [added: [O](http://www.sec.gov/Archives/edgar/data/37634/000075330823000040/exhibit4tonee-fpl8xkdated0.htm)[fficer's] Certificate of [removed: Florida] [added: Flo](http://www.sec.gov/Archives/edgar/data/37634/000075330823000040/exhibit4tonee-fpl8xkdated0.htm)[rid](http://www.sec.gov/Archives/edgar/data/37634/000075330823000040/exhibit4tonee-fpl8xkdated0.htm)[a] Power & Light Company, dated June [removed: 7, 2022,](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm) [creating](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm) [t](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm)[he](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm) [Floating] [added: 20, 2023, creating the Floa](http://www.sec.gov/Archives/edgar/data/37634/000075330823000040/exhibit4tonee-fpl8xkdated0.htm)[ting] Rate [removed: Notes,] [added: N](http://www.sec.gov/Archives/edgar/data/37634/000075330823000040/exhibit4tonee-fpl8xkdated0.htm)[otes,] Series due June [removed: 15, 20](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm)[72] [added: 20, 20](http://www.sec.gov/Archives/edgar/data/37634/000075330823000040/exhibit4tonee-fpl8xkdated0.htm)[73] (filed as Exhibit 4 to Form 8-K dated June [removed: 7, 2022, F](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm)[ile No](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm)[. 2-27612)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000042/exhibit4tonee-fpl8xkdated0.htm)] [added: 20, 2023, File No.](http://www.sec.gov/Archives/edgar/data/37634/000075330823000040/exhibit4tonee-fpl8xkdated0.htm) [2-27612)](http://www.sec.gov/Archives/edgar/data/37634/000075330823000040/exhibit4tonee-fpl8xkdated0.htm)] | | | | | | x | | | | | | x | | |

| | | | [removed: *4(u)] [added: *4(v)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated May 12, 2020, creating the 2.25% Debentures, Series due June 1, 2030 (filed as Exhibit 4 to Form 8-K dated May 12, 2020, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330820000117/exhibit405122020.htm) | | | | | | x | | | | | | | | |

| | | | [removed: *4(v)] [added: *4(w)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated September 18, 2020, creating the Series L Debentures due September 1, 2025 (filed as Exhibit 4(e) to Form 10-Q for the quarter ended September 30, 2020, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/37634/000075330820000186/nee-q32020xex4e.htm) | | | | | | x | | | | | | | | |

| | | | [removed: *4(w)] [added: *4(bb)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated [removed: March 17,] [added: December 13,] 2021, creating [removed: the 0.65%] [added: the](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4ctoneedated12x13x2.htm) [3.000](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4ctoneedated12x13x2.htm)[%] Debentures, Series due [removed: March 1, 2023] [added: January 15, 20](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4ctoneedated12x13x2.htm)[5](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4ctoneedated12x13x2.htm)[2] (filed as Exhibit [removed: 4(ak),] [added: 4(c) to Form 8-K dated December 13, 2021,] File [removed: Nos. 333-254632, 333-254632-01 and 333-254632-02)](http://www.sec.gov/Archives/edgar/data/37634/000110465921040382/tm2110104d2_ex4ak.htm)] [added: No. 1-8841)](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4ctoneedated12x13x2.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(x)] [added: *4(dd)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated March [removed: 17, 2021,] [added: 21, 2022,] creating the Floating Rate Debentures, Series due March [removed: 1, 2023] [added: 21, 2024] (filed as Exhibit [removed: 4(al),] [added: 4(b) to Form 8-K dated March 21, 2022,] File [removed: Nos. 333-254632, 333-254632-01 and 333-254632-02)](http://www.sec.gov/Archives/edgar/data/37634/000110465921040382/tm2110104d2_ex4al.htm)] [added: No. 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000025/exhibit4btoneedated03x21x2.htm)] | | | | | | x | | | | | | | | |

| | | | *4(z) | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated [removed: November 3,] [added: December 13,] 2021, creating the [removed: Floating Rate] [added: 1.875%] Debentures, Series due [removed: November 3, 2023] [added: January 15, 2027] (filed as Exhibit [removed: 4] [added: 4(a)] to Form 8-K dated [removed: November 3,] [added: December 13,] 2021, File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000174/exhibit4toneedated11x03x20.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4atoneedated12x13x2.htm)] | | | | | | x | | | | | | | | |

| | | | *4(aa) | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated December 13, 2021, creating the [removed: 1.875%] [added: 2.440%] Debentures, Series due January 15, [removed: 2027] [added: 2032] (filed as Exhibit [removed: 4(a)] [added: 4(b)] to Form 8-K dated December 13, 2021, File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4atoneedated12x13x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4btoneedated12x13x2.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(bb)] [added: *4(ggg)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated December [removed: 13,] [added: 14,] 2021, creating the [removed: 2.440% Debentures,] Series [added: P Junior Subordinated Debentures] due [removed: January] [added: March] 15, [removed: 2032] [added: 2082] (filed as Exhibit [removed: 4(b)] [added: 4] to Form 8-K dated December [removed: 13,] [added: 14,] 2021, File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4btoneedated12x13x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000184/exhibit4toneedated12x14x20.htm)] | | | | | | x | | | | | | | | |

| | | | *4(cc) | | | | | | [removed: [Officer's Certificate of NextEra] [added: [Officer's](http://www.sec.gov/Archives/edgar/data/753308/000075330822000025/exhibit4atoneedated03x21x2.htm) [Certificate of](http://www.sec.gov/Archives/edgar/data/753308/000075330822000025/exhibit4atoneedated03x21x2.htm) [NextEra] Energy Capital Holdings, Inc., dated [removed: December 13, 2021,] [added: March 21, 2022,] creating [removed: the](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4ctoneedated12x13x2.htm) [3.000](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4ctoneedated12x13x2.htm)[%] [added: the 2.94%] Debentures, Series due [removed: January 15, 20](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4ctoneedated12x13x2.htm)[5](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4ctoneedated12x13x2.htm)[2] [added: March 21, 2024] (filed as Exhibit [removed: 4(c)] [added: 4(a)] to Form 8-K dated [removed: December 13, 2021,] [added: March 21, 2022,] File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000181/exhibit4ctoneedated12x13x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000025/exhibit4atoneedated03x21x2.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(dd)] [added: *4(ee)] | | | | | | [removed: [Officer's](http://www.sec.gov/Archives/edgar/data/753308/000075330822000025/exhibit4atoneedated03x21x2.htm) [Certificate of](http://www.sec.gov/Archives/edgar/data/753308/000075330822000025/exhibit4atoneedated03x21x2.htm) [NextEra] [added: [Officer's Certificate of NextEra] Energy Capital Holdings, Inc., dated March [removed: 21,] [added: 24,] 2022, creating the [removed: 2.94%] [added: 4.30%] Debentures, Series due [removed: March 21, 2024] [added: 2062] (filed as Exhibit [removed: 4(a)] [added: 4] to Form 8-K dated March [removed: 21,] [added: 24,] 2022, File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000025/exhibit4atoneedated03x21x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000027/exhibit4toneedated03x24x20.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(ee)] [added: *4(ff)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated [removed: March 21,] [added: June 23,] 2022, creating the [removed: Floating Rate] [added: 4.20%] Debentures, Series due [removed: March 21,] [added: June 20,] 2024 (filed as Exhibit [removed: 4(b)] [added: 4(a)] to Form 8-K dated [removed: March 21,] [added: June 23,] 2022, File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000025/exhibit4btoneedated03x21x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000048/exhibit4atoneedated06x23x2.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(ff)] [added: *4(gg)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated [removed: March 24,] [added: June 23,] 2022, creating the [removed: 4.30%] [added: 4.45%] Debentures, Series due [removed: 2062] [added: June 20, 2025] (filed as Exhibit [removed: 4] [added: 4(b)] to Form 8-K dated [removed: March 24,] [added: June 23,] 2022, File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000027/exhibit4toneedated03x24x20.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000048/exhibit4btoneedated06x23x2.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(gg)] [added: *4(hh)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated June 23, 2022, creating the [removed: 4.20%] [added: 4.625%] Debentures, Series due [removed: June 20, 2024] [added: July 15, 2027] (filed as Exhibit [removed: 4(a)] [added: 4(c)] to Form 8-K dated June 23, 2022, File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000048/exhibit4atoneedated06x23x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000048/exhibit4ctoneedated06x23x2.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(hh)] [added: *4(ii)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated June 23, 2022, creating the [removed: 4.45%] [added: 5.00%] Debentures, Series due [removed: June 20, 2025] [added: July 15, 2032] (filed as Exhibit [removed: 4(b)] [added: 4(d)] to Form 8-K dated June 23, 2022, File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000048/exhibit4btoneedated06x23x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000048/exhibit4dtoneedated06x23x2.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(ii)] [added: *4(kk)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated [removed: June 23, 2022,] [added: February 9, 2023,] creating the [removed: 4.625%] [added: 4.90%] Debentures, Series due [removed: July 15, 2027] [added: February 28, 2028] (filed as Exhibit [removed: 4(c)] [added: 4(a)] to Form 8-K dated [removed: June 23, 2022,] [added: February 9, 2023,] File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000048/exhibit4ctoneedated06x23x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330823000015/exhibit4atoneedated02x09x2.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(jj)] [added: *4(ll)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated [removed: June 23, 2022,] [added: February 9, 2023,] creating the 5.00% Debentures, Series due [removed: July 15, 2032] [added: February 28, 2030] (filed as Exhibit [removed: 4(d)] [added: 4(b)] to Form 8-K dated [removed: June 23, 2022,] [added: February 9, 2023,] File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000048/exhibit4dtoneedated06x23x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330823000015/exhibit4btoneedated02x09x2.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(kk)] [added: *4(jj)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, In](http://www.sec.gov/Archives/edgar/data/37634/000075330822000081/exhibit4etonee-fplq3202210.htm)[c., dated September 19, 2022, creating the Series M Debentures due September 1, 2027 (filed as Exhibit 4(e) to Form 10-Q](http://www.sec.gov/Archives/edgar/data/37634/000075330822000081/exhibit4etonee-fplq3202210.htm) [added: [](http://www.sec.gov/Archives/edgar/data/37634/000075330822000081/exhibit4etonee-fplq3202210.htm)[for the](http://www.sec.gov/Archives/edgar/data/37634/000075330822000081/exhibit4etonee-fplq3202210.htm)] [quarter ended](http://www.sec.gov/Archives/edgar/data/37634/000075330822000081/exhibit4etonee-fplq3202210.htm) [September 30, 2022,](http://www.sec.gov/Archives/edgar/data/37634/000075330822000081/exhibit4etonee-fplq3202210.htm) [File No.](http://www.sec.gov/Archives/edgar/data/37634/000075330822000081/exhibit4etonee-fplq3202210.htm) [1-8841)](http://www.sec.gov/Archives/edgar/data/37634/000075330822000081/exhibit4etonee-fplq3202210.htm) | | | | | | x | | | | | | | | |

| | | | [removed: *4(ll)] [added: *4(mm)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated February 9, 2023, creating the [removed: 4.90%] [added: 5.05%] Debentures, Series due February 28, [removed: 2028] [added: 2033] (filed as Exhibit [removed: 4(a)] [added: 4(c)] to Form 8-K dated February 9, 2023, File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330823000015/exhibit4atoneedated02x09x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330823000015/exhibit4ctoneedated02x09x2.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(mm)] [added: *4(nn)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated February 9, 2023, creating the [removed: 5.00%] [added: 5.25%] Debentures, Series due February 28, [removed: 2030] [added: 2053] (filed as Exhibit [removed: 4(b)] [added: 4(d)] to Form 8-K dated February 9, 2023, File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330823000015/exhibit4btoneedated02x09x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330823000015/exhibit4dtoneedated02x09x2.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(nn)] [added: *4(ccc)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, [removed: Inc.,] [added: Inc.](http://www.sec.gov/Archives/edgar/data/753308/000075330817000133/exhibit4c.htm) [and NextEra Energy,](http://www.sec.gov/Archives/edgar/data/753308/000075330817000133/exhibit4c.htm) [Inc.](http://www.sec.gov/Archives/edgar/data/753308/000075330817000133/exhibit4c.htm)[,] dated [removed: February 9, 2023,] [added: September 29, 2017,] creating the [removed: 5.05% Debentures,] Series [added: L Junior Subordinated Debentures] due [removed: February 28, 2033] [added: September 29, 2057] (filed as Exhibit 4(c) to Form 8-K dated [removed: February 9, 2023,] [added: September 29, 2017,] File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330823000015/exhibit4ctoneedated02x09x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330817000133/exhibit4c.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(oo)] [added: *4(eee)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, [added: Inc. and NextEra Energy,] Inc., dated [removed: February 9, 2023,] [added: March 15, 2019,] creating the [removed: 5.25% Debentures,] Series [added: N Junior Subordinated Debentures] due [removed: February 28, 2053] [added: March 1, 2079] (filed as Exhibit [removed: 4(d)] [added: 4] to Form 8-K dated [removed: February 9, 2023,] [added: March 15, 2019,] File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330823000015/exhibit4dtoneedated02x09x2.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330819000098/exhibit403152019.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(pp)] [added: *4(tt)] | | | | | | [Indenture (For Unsecured Subordinated Debt Securities relating to Trust Securities), dated as of March 1, 2004, among FPL Group Capital Inc, FPL Group, Inc. (as Guarantor) and The Bank of New York Mellon (as Trustee) (filed as Exhibit 4(au) to Post-Effective Amendment No. 3 to Form S-3, File Nos. 333-102173, 333-102173-01, 333-102173-02 and 333-102173-03)](http://www.sec.gov/Archives/edgar/data/753308/000095012004000231/exh4au.txt) | | | | | | x | | | | | | | | |

| | | | [removed: *4(qq)] [added: *4(uu)] | | | | | | [Indenture (For Unsecured Subordinated Debt Securities), dated as of September 1, 2006, among FPL Group Capital Inc, FPL Group, Inc. (as Guarantor) and The Bank of New York Mellon (as Trustee) (filed as Exhibit 4(a) to Form 8-K dated September 19, 2006, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330806000096/exhibit4a.htm) | | | | | | x | | | | | | | | |

| | | | [removed: *4(rr)] [added: *4(vv)] | | | | | | [First Supplemental Indenture to Indenture (For Unsecured Subordinated Debt Securities) dated as of September 1, 2006, dated as of November 19, 2012, between NextEra Energy Capital Holdings, Inc., NextEra Energy, Inc. as Guarantor, and The Bank of New York Mellon, as Trustee (filed as Exhibit 2 to Form 8-A dated January 16, 2013, File No. 1-33028)](http://www.sec.gov/Archives/edgar/data/794447/000110465913002968/a13-2710_5ex99d2.htm) | | | | | | x | | | | | | | | |

| | | | [removed: *4(ss)] [added: *4(ww)] | | | | | | [Officer's Certificate of FPL Group Capital Inc and FPL Group, Inc., dated September 19, 2006, creating the Series B Enhanced Junior Subordinated Debentures due 2066 (filed as Exhibit 4(c) to Form 8-K dated September 19, 2006, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330806000096/exhibit4c.htm) | | | | | | x | | | | | | | | |

| | | | [removed: *4(tt)] [added: *4(xx)] | | | | | | [Replacement Capital Covenant, dated September 19, 2006, by FPL Group Capital Inc and FPL Group, Inc. relating to FPL Group Capital Inc's Series B Enhanced Junior Subordinated Debentures due 2066 (filed as Exhibit 4(d) to Form 8-K dated September 19, 2006, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330806000096/exhibit4d.htm) | | | | | | x | | | | | | | | |

| | | | [removed: *4(uu)] [added: *4(yy)] | | | | | | [Amendment, dated November 9, 2016, to the Replacement Capital Covenant, dated September 19, 2006, by NextEra Energy Capital Holdings, Inc. (formerly known as FPL Group Capital Holdings Inc) and NextEra Energy, Inc. (formerly known as FPL Group, Inc.), relating to FPL Group Capital Inc's Series B Enhanced Junior Subordinated Debentures due 2066 (filed as Exhibit 4](http://www.sec.gov/Archives/edgar/data/37634/000075330817000060/nee-12312016ex4cc.htm)[(cc) to Form 10-K for the year ended December 31, 2016, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/37634/000075330817000060/nee-12312016ex4cc.htm) | | | | | | x | | | | | | | | |

| | | | [removed: *4(vv)] [added: *4(zz)] | | | | | | [Officer's Certificate of FPL Group Capital Inc and FPL Group, Inc., dated June 12, 2007, creating the Series C Junior Subordinated Debentures due 2067 (filed as Exhibit 4(a) to Form 8-K dated June 12, 2007, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330807000046/exhibit4a.htm) | | | | | | x | | | | | | | | |

| | | | [removed: *4(ww)] [added: *4(aaa)] | | | | | | [Replacement Capital Covenant, dated June 12, 2007, by FPL Group Capital Inc and FPL Group, Inc. relating to FPL Group Capital Inc's Series C Junior Subordinated Debentures due 2067 (filed as Exhibit 4(b) to Form 8-K dated June 12, 2007, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330807000046/exhibit4b.htm) | | | | | | x | | | | | | | | |

| | | | [removed: *4(xx)] [added: *4(bbb)] | | | | | | [Amendment, dated November 9, 2016, to the Replacement Capital Covenant, dated June 12, 2007 by NextEra Energy Capital Holdings, Inc. (formerly known as FPL Group Capital Holdings Inc) and NextEra Energy, Inc. (formerly known as FPL Group, Inc.), relating to FPL Group Capital Inc's Series C Junior Subordinated Debentures due 2067 (filed as Exhibit 4(hh) to Form 10-K for the year ended December 31, 2016, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/37634/000075330817000060/nee-12312016ex4hh.htm) | | | | | | x | | | | | | | | |

| | | | [removed: *4(yy)] [added: *4(ddd)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, [removed: Inc.](http://www.sec.gov/Archives/edgar/data/753308/000075330817000133/exhibit4c.htm)] [added: Inc.](http://www.sec.gov/Archives/edgar/data/753308/000075330817000148/exhibit4adated11022017.htm)] [and NextEra [removed: Energy,](http://www.sec.gov/Archives/edgar/data/753308/000075330817000133/exhibit4c.htm) [Inc.](http://www.sec.gov/Archives/edgar/data/753308/000075330817000133/exhibit4c.htm)[,] [added: Energy, Inc.](http://www.sec.gov/Archives/edgar/data/753308/000075330817000148/exhibit4adated11022017.htm)[,] dated [removed: September 29,] [added: November 2,] 2017, creating the Series [removed: L] [added: M] Junior Subordinated Debentures due [removed: September 29, 2057] [added: December 1, 2077] (filed as Exhibit [removed: 4(c)] [added: 4(a)] to Form 8-K dated [removed: September 29,] [added: November 2,] 2017, File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330817000133/exhibit4c.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330817000148/exhibit4adated11022017.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(zz)] [added: *4(fff)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, [removed: Inc.](http://www.sec.gov/Archives/edgar/data/753308/000075330817000148/exhibit4adated11022017.htm) [and] [added: Inc. and] NextEra Energy, [removed: Inc.](http://www.sec.gov/Archives/edgar/data/753308/000075330817000148/exhibit4adated11022017.htm)[,] [added: Inc.,] dated [removed: November 2, 2017,] [added: April 4, 2019,] creating the Series [removed: M] [added: O] Junior Subordinated Debentures due [removed: December] [added: May] 1, [removed: 2077] [added: 2079] (filed as Exhibit [removed: 4(a)] [added: 4(e)] to Form 8-K dated [removed: November 2, 2017,] [added: April 4, 2019,] File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330817000148/exhibit4adated11022017.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330819000111/exhibit4e04042019.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(aaa)] [added: *4(u)] | | | | | | [removed: [Officer's Certificate of] [added: [Letter, dated March 1, 2023, from] NextEra Energy Capital Holdings, Inc. [removed: and NextEra Energy, Inc., dated March 15, 2019, creating] [added: to The Bank of New York Mellon, as trustee, setting forth certain terms of] the Series [removed: N Junior Subordinated] [added: K] Debentures due March 1, [removed: 2079] [added: 2025 effective March 1, 2023] (filed as Exhibit [removed: 4] [added: 4(b)] to Form 8-K dated March [removed: 15, 2019,] [added: 1, 2023,] File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330819000098/exhibit403152019.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330823000021/exhibit4btoneedated03x01x2.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(bbb)] [added: 4(oo)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, [removed: Inc. and NextEra Energy,] Inc., [removed: dated April 4, 2019,] [added: dated](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4oo.htm) [January 31](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4oo.htm)[, 202](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4oo.htm)[4](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4oo.htm)[,] creating [removed: the] [added: the](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4oo.htm) [4.95](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4oo.htm)[% Debentures,] Series [removed: O Junior Subordinated Debentures due May 1, 2079 (filed as Exhibit 4(e) to Form 8-K dated April 4, 2019, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330819000111/exhibit4e04042019.htm)] [added: due](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4oo.htm) [January 29, 2026](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4oo.htm)[](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4oo.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(ccc)] [added: 4(pp)] | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated [removed: December 14, 2021,] [added: January 31, 2024,] creating the [added: 4.9](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4pp.htm)[0](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4pp.htm)[% Debentures,] Series [removed: P Junior Subordinated Debentures due March] [added: due](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4pp.htm) [March] 15, [removed: 2082 (filed as Exhibit 4 to Form 8-K dated December 14, 2021, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/0000753308/000075330821000184/exhibit4toneedated12x14x20.htm)] [added: 2029](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4pp.htm)[](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4pp.htm)] | | | | | | x | | | | | | | | |

| | | | [removed: *4(ddd)] [added: *10(ss)] | | | | | | [removed: [Purchase Contract Agreement, dated as of February 1, 2020,] [added: [Executive Retention Employment Agreement] between NextEra Energy, Inc. and [removed: The Bank of New York Mellon,] [added: Armando Pimentel, Jr. dated] as [removed: Purchase Contract Agent (filed] [added: of February 15, 2023](http://www.sec.gov/Archives/edgar/data/37634/000075330823000033/nee-q12023xex10f.htm) [](http://www.sec.gov/Archives/edgar/data/37634/000075330823000033/nee-q12023xex10f.htm)[(filed] as Exhibit [removed: 4(a)] [added: 10(f)] to Form 10-Q for the quarter ended March 31, [removed: 2020,] [added: 2023,] File No. [removed: 1-8841)](http://www.sec.gov/Archives/edgar/data/37634/000075330820000113/nee-q12020ex4a.htm)] [added: 1-8841)](http://www.sec.gov/Archives/edgar/data/37634/000075330823000033/nee-q12023xex10f.htm)] | | | | | | x | | | | | | [added: x] | | |

| | | | *4(x) | | | | | | [Letter, dated August 10, 2023, from NextEra Energy Capital Holdings, Inc. to The Bank of New York Mellon, as trustee, setting forth certain terms of the Series L Debentures due September 1, 2025 effective August 10, 2023 (filed as Exhibit 4(b) to Form 8-K dated August 10, 2023, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330823000048/exhibit4btoneedated08x10x2.htm) | | | | | | x | | | | | | | | |

| | | | 4(qq) | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated January 31, 2024, creating the](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4qq.htm) [5.25](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4qq.htm)[% Debentures, Series due](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4qq.htm) [March 15, 203](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4qq.htm)[4](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4qq.htm) | | | | | | x | | | | | | | | |

| | | | 4(rr) | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated January 31, 2024, creating the](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4rr.htm) [5.5](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4rr.htm)[5](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4rr.htm)[% Debentures, Series due](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4rr.htm) [](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4rr.htm)[March 15, 2054](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4rr.htm) | | | | | | x | | | | | | | | |

| | | | 4(ss) | | | | | | [Officer's Certificate of NextEra Energy Capital Holdings, Inc., dated January 31, 2024, creating the](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4ss.htm) [Floating Rate](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4ss.htm) [Debentures, Series due January 29, 2026](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex4ss.htm) | | | | | | x | | | | | | | | |

| | | | *10(yy) | | | | | | [F](http://www.sec.gov/Archives/edgar/data/1603145/000160314522000018/nep-q12022xex102.htm)[orm of Restricted Unit Award Agreement under the N](http://www.sec.gov/Archives/edgar/data/1603145/000160314522000018/nep-q12022xex102.htm)[extEra Energy](http://www.sec.gov/Archives/edgar/data/1603145/000160314522000018/nep-q12022xex102.htm) [P](http://www.sec.gov/Archives/edgar/data/1603145/000160314522000018/nep-q12022xex102.htm)[artners, LP 2014 Long-Term Incentive Plan (filed as Exh](http://www.sec.gov/Archives/edgar/data/1603145/000160314522000018/nep-q12022xex102.htm)[ibit 10.2](http://www.sec.gov/Archives/edgar/data/1603145/000160314522000018/nep-q12022xex102.htm) [to Form 10-Q for the quarter ended](http://www.sec.gov/Archives/edgar/data/1603145/000160314522000018/nep-q12022xex102.htm) [M](http://www.sec.gov/Archives/edgar/data/1603145/000160314522000018/nep-q12022xex102.htm)[arch 31, 2022, File No. 1-36518)](http://www.sec.gov/Archives/edgar/data/1603145/000160314522000018/nep-q12022xex102.htm) | | | | | | x | | | | | | | | |

| | | | *10(zz) | | | | | | [Form of Restricted Unit Award Agreement under the NextEra Energy](http://www.sec.gov/Archives/edgar/data/1603145/000160314523000017/nep-q12023xex103.htm) [P](http://www.sec.gov/Archives/edgar/data/1603145/000160314523000017/nep-q12023xex103.htm)[artners, LP 2014 Long-Term Incentive Plan (filed as Exhibit 10.](http://www.sec.gov/Archives/edgar/data/1603145/000160314523000017/nep-q12023xex103.htm)[3](http://www.sec.gov/Archives/edgar/data/1603145/000160314523000017/nep-q12023xex103.htm) [to Form 10-Q for the quarter ended](http://www.sec.gov/Archives/edgar/data/1603145/000160314523000017/nep-q12023xex103.htm) [M](http://www.sec.gov/Archives/edgar/data/1603145/000160314523000017/nep-q12023xex103.htm)[arch 31, 202](http://www.sec.gov/Archives/edgar/data/1603145/000160314523000017/nep-q12023xex103.htm)[3](http://www.sec.gov/Archives/edgar/data/1603145/000160314523000017/nep-q12023xex103.htm)[, File No. 1-36518)](http://www.sec.gov/Archives/edgar/data/1603145/000160314523000017/nep-q12023xex103.htm) | | | | | | x | | | | | | | | |

| | | | 97 | | | | | | [I](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex97.htm)[ncentive Compensation Recoupment Policy](https://www.sec.gov/Archives/edgar/data/753308/000075330824000008/nee-q42023xex97.htm) | | | | | | x | | | | | | x | | |

| | | | | | | | | | | | | | | | | | | | | | | | |

| | | | *10(rr) | | | | | | [Executive Retention Employment Agreement between NextEra Energy, Inc. and Miguel Arechabala dated as of January 1, 2014 (filed as Exhibit 10(bbb) to Form 10‑K for the year ended December 31, 2013, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/37634/000075330814000025/nee-12312013ex10bbb.htm) | | | | | | x | | | | | | x | | |

| | | | *10(ss) | | | | | | [Executive Retention Employment Agreement between NextEra Energy, Inc. and John W.](http://www.sec.gov/Archives/edgar/data/37634/000075330816000372/nee-03312016xex10i.htm) [](http://www.sec.gov/Archives/edgar/data/37634/000075330816000372/nee-03312016xex10i.htm)[Ketchum dated as of March 4, 2016 (filed as Exhibit 10(i) to Form 10-Q for the quarter ended March 31, 2016, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/37634/000075330816000372/nee-03312016xex10i.htm) | | | | | | x | | | | | | x | | |

| | | | *10(tt) | | | | | | [Executive Retention Employment Agreement between NextEra Energy, Inc. and Rebecca J. Kujawa dated as of March 1, 2019 (filed as Exhibit 10(b) to Form 10-Q for the quarter ended March 31, 2019, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/37634/000075330819000118/nee-q12019xex10b.htm) | | | | | | x | | | | | | x | | |

| | | | *10(uu) | | | | | | [Executive Retention Employment Agreement between NextEra Energy, Inc. and Ronald Reagan dated as of January 1, 2020 (filed as Exhibit 10(tt) to Form 10-K for the year ended December 31, 2019, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/37634/000075330820000021/nee-q42019xex10tt.htm) | | | | | | x | | | | | | x | | |

| | | | *10(ww) | | | | | | [Executive Retention Employment Agreement between NextEra Energy, Inc. and T. Kirk Crews II dated as of March 1, 2022 (filed as Exhibit 10 to Form 10-Q for the quarter ended September 30, 2022, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330822000081/exhibit10tonee-fplq3202210.htm) | | | | | | x | | | | | | x | | |

| | | | *10(yy) | | | | | | [NextEra Energy, Inc. Executive Severance Benefit Plan effective February 26, 2013 (filed as Exhibit 10(eee) to Form 10-K for the year ended December 31, 2012, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/37634/000075330813000023/nee-12312012xex10eee.htm) | | | | | | x | | | | | | x | | |

| | | | *10(zz) | | | | | | [Guarantee Agreement between FPL Group, Inc. and FPL Group Capital Inc, dated as of October 14, 1998 (filed as Exhibit 10(y) to Form 10-K for the year ended December 31, 2001, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/37634/000075330802000021/exh10y.htm) | | | | | | x | | | | | | | | |

| | | | *10(ccc) | | | | | | [Confirmation of Post-Retirement Covenants Agreement and Release, dated as of January 23, 2023, between Eric E. Silagy and NextEra Energy, Inc. (filed as Exhibit 10 to Form 8-K dated January 23, 2023, File No. 1-8841)](http://www.sec.gov/Archives/edgar/data/753308/000075330823000010/exhibit10tonee-fpl8xkdated.htm) | | | | | | x | | | | | | x | | |

Date: February [removed: 17, 2023][added: 16, 2024]

Signature and Title as of February [removed: 17, 2023:][added: 16, 2024:]

| [removed: KIRK] [added: Kirk] S. [removed: HACHIGAN] [added: Hachigian] | | | | | | [removed: DARRYL] [added: Darryl] L. [removed: WILSON] [added: Wilson] | | |

| Terrell Kirk Crews II Executive Vice President, Finance and Chief Financial Officer and Director (Principal Financial Officer) | | | | | | Keith Ferguson [added: Vice President, Accounting and] Controller (Principal Accounting Officer) | | |

No annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to security holders of FPL during the period covered by this Annual Report on Form 10-K for the fiscal year ended December 31, [removed: 2022.][added: 2023.]