SEC Form 11-K filed by NextEra Energy Inc.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 11-K

 

 

 

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

For the fiscal year ended December 31, 2023

OR

 

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

Commission File Number 1-8841

 

 

NextEra Energy, Inc. Employee Retirement Savings Plan

(Full title of the plan)

 

 

NextEra Energy, Inc.

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

 

 

700 Universe Boulevard

Juno Beach, Florida 33408

(Address of principal executive office)

 

 

 

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

FINANCIAL STATEMENTS

DECEMBER 31, 2023 AND 2022

TABLE OF CONTENTS

 

		Page No.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM			1
FINANCIAL STATEMENTS
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 2023 AND 2022			2-3
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2023			4
NOTES TO FINANCIAL STATEMENTS			5
SUPPLEMENTAL SCHEDULE
SCHEDULE H LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)			11
SIGNATURE			17
EXHIBIT INDEX			18
EXHIBIT 23(a) – CONSENT OF CROWE LLP

 

				Crowe LLP Independent Member Crowe Global

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Participants and the Employee Benefit Plans

 Administrative Committee

NextEra Energy, Inc. Employee Retirement Savings Plan

Juno Beach, Florida

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of NextEra Energy, Inc. Employee Retirement Savings Plan (the “Plan”) as of December 31, 2023 and 2022, the related statement of changes in net assets available for benefits for the year ended December 31, 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 net assets available for benefits of the Plan as of December 31, 2023 and 2022, and the changes in net assets available for benefits for the year ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

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

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

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

Supplemental Information

The supplemental Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2023 has been subjected to audit procedures performed in conjunction with the audit of NextEra Energy, Inc. Employee Retirement Savings Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information presented in the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated in all material respects in relation to the financial statements as a whole.

 

 

 

 

Crowe LLP

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

Oak Brook, Illinois

June 18, 2024

 

1

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

AS OF DECEMBER 31, 2023 AND 2022

 

		December 31, 2023
		Participant-				Nonparticipant-
		Directed				Directed				Total
ASSETS
Investments, at fair value (see Note 6)
Registered investment companies		$	363,163,353			$	9,781,368			$	372,944,721
Collective trust funds			2,255,847,026				—				2,255,847,026
Preferred stock			653,585				—				653,585
Common stock other than NextEra Energy, Inc. common stock			460,419,197				—				460,419,197
NextEra Energy, Inc. common stock			395,831,605				1,294,173,610				1,690,005,215
Total investments, at fair value			3,475,914,766				1,303,954,978				4,779,869,744
Investments, at contract value (see Note 7)			175,564,283				—				175,564,283
Total investments			3,651,479,049				1,303,954,978				4,955,434,027
Receivables
Participant loans			70,903,605				—				70,903,605
Pending trades due from brokers			235,498				2,144,567				2,380,065
Employer contributions			—				3,183,714				3,183,714
Other receivables			617,000				42,357				659,357
Total receivables			71,756,103				5,370,638				77,126,741
Total assets			3,723,235,152				1,309,325,616				5,032,560,768
LIABILITIES
Other payables			1,788,779				778,681				2,567,460
Total liabilities			1,788,779				778,681				2,567,460
NET ASSETS AVAILABLE FOR BENEFITS		$	3,721,446,373			$	1,308,546,935			$	5,029,993,308

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

 

2

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

AS OF DECEMBER 31, 2023 AND 2022

 

		December 31, 2022
		Participant-				Nonparticipant-
		Directed				Directed				Total
ASSETS
Investments, at fair value (see Note 6)
Registered investment companies		$	344,826,711			$	15,229,762			$	360,056,473
Collective trust funds			1,846,623,398				—				1,846,623,398
Preferred stock			978,894				—				978,894
Common stock other than NextEra Energy, Inc. common stock			413,192,778				—				413,192,778
NextEra Energy, Inc. common stock			604,716,530				1,889,263,993				2,493,980,523
Total investments, at fair value			3,210,338,311				1,904,493,755				5,114,832,066
Investments, at contract value (see Note 7)			252,202,853				—				252,202,853
Total investments			3,462,541,164				1,904,493,755				5,367,034,919
Receivables
Participant loans			68,303,528				—				68,303,528
Pending trades due from brokers			5,829,161				13,878				5,843,039
Employer contributions			—				2,823,954				2,823,954
Other receivables			856,940				245,684				1,102,624
Total receivables			74,989,629				3,083,516				78,073,145
Non-interest bearing cash			211,426				—				211,426
Total assets			3,537,742,219				1,907,577,271				5,445,319,490
LIABILITIES
Pending trades due to brokers			6,259,148				—				6,259,148
Other payables			1,366,825				49,213				1,416,038
Total liabilities			7,625,973				49,213				7,675,186
NET ASSETS AVAILABLE FOR BENEFITS		$	3,530,116,246			$	1,907,528,058			$	5,437,644,304

 

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

 

3

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2023

 

		Participant-				Nonparticipant-
		Directed				Directed				Total
ADDITIONS/(DEDUCTIONS) TO/(FROM) NET ASSETS ATTRIBUTED TO:
Net appreciation/(depreciation) in fair value of investments		$	338,058,204			$	(504,399,819	)		$	(166,341,615	)
Interest income			15,028,968				—				15,028,968
Dividend income			22,800,921				41,224,584				64,025,505
Net investment income/(loss)			375,888,093				(463,175,235	)			(87,287,142	)
Contributions
Participant			199,873,206				—				199,873,206
Employer - NextEra Energy, Inc. common stock			—				77,922,196				77,922,196
Rollovers			26,437,641				—				26,437,641
Total contributions			226,310,847				77,922,196				304,233,043
Transfer from/to nonparticipant-directed investments			45,820,320				2,926,031				48,746,351
Total net additions/(deductions)			648,019,260				(382,327,008	)			265,692,252
DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:
Benefit payments to participants and beneficiaries			452,310,451				170,439,775				622,750,226
Management and administrative expenses			3,912,311				394,020				4,306,331
Transfer from/to participant-directed investments			2,926,031				45,820,320				48,746,351
Total deductions			459,148,793				216,654,115				675,802,908
NET INCREASE/(DECREASE)		$	188,870,467			$	(598,981,123	)		$	(410,110,656	)
INTERPLAN TRANSFER (see Note 1)			2,459,660				—				2,459,660
NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2022		$	3,530,116,246			$	1,907,528,058			$	5,437,644,304
NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2023		$	3,721,446,373			$	1,308,546,935			$	5,029,993,308

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

 

4

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2023 AND 2022

1. Description of the Plan

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

General

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

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

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

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

Trustee

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

Administration of the Plan

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

Employee Contributions

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

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

 

5

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2023 AND 2022

 

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

Employer Contributions

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

Forfeitures

Forfeitures of nonvested employer matching contributions due to termination of employment are used to restore amounts previously forfeited. Any remaining forfeitures are applied to Plan administrative expenses or to reduce the amount of future employer matching contributions to the Plan. Forfeitures applied to administrative fees in 2023 totaled $735,066 and forfeitures used to reduce employer matching contributions in 2023 totaled $2,926,031. The balance of the forfeiture account was $298,746 and $178,330, respectively at December 31, 2023 and 2022.

Vesting

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

Participant Loans

Participants may borrow from their account a minimum of $1,000 up to a maximum of $50,000 or 50% of the vested value of the account (reduced by any outstanding loans), whichever is less. The vested portion of a Participant’s account will be pledged as security for the loan. In general, participants may not have more than two loans outstanding from the Plan at any time. Participant loans have a fixed annual interest rate based on the prime rate. Loans outstanding at December 31, 2023 carry an interest rate of 3.25% to 8.50% and the majority mature between 2024 and 2028. Participants should refer to the SPD for a description of eligible participant loans.

Benefit Payments and Withdrawals

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

Administrative Expenses

The Company pays a portion of the administrative expenses of the Plan. Additionally, Plan participants pay a fee of $55 per year to cover some of the administrative expenses of the Plan. All other expenses are paid directly by the Plan through forfeitures, if any. Any fees paid directly by the Company are not included in the financial statements of the Plan.

Plan Termination

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

Plan Merger

On March 21, 2023, the Company acquired EPP Service Company, LLC and certain affiliated renewable energy projects (EPP). EPP was previously a participating employer in a multiple employer defined contribution plan, and as such all of the EPP acquired employees accounts and outstanding loan balances were merged with and into the Plan resulting in an interplan transfer of $2,459,660 in 2023.

 

6

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2023 AND 2022

 

2. Summary of Significant Accounting Policies

Basis of Accounting

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

Use of Estimates

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

Investment Valuation

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

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

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

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

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

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

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

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

The Managed Income Fund is comprised of synthetic guaranteed investment contracts, each of which is valued at contract value. Each synthetic guaranteed investment contract consists of a wrapper contract and the underlying investments of the wrapper contract are primarily debt securities. The underlying investments in the Managed Income Fund include U.S. Treasury notes, asset-backed and mortgage-backed securities, corporate bonds and government agency notes. The contracts are unallocated in nature and are fully benefit-responsive. Therefore, net assets available for benefits reflects the contract value of the  Managed  Income  Fund.  There  are  no  reserves

 

7

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2023 AND 2022

 

against contract values (which represent contributions made under the contract, plus earnings, less withdrawals and administrative expenses) for credit risk of the contract issuer or otherwise. Wrapper contracts provide the Managed Income Fund with the ability to use contract value accounting to maintain a constant $1.00 unit price. Wrapper contracts also provide for the payment of participant-directed withdrawals and exchanges at contract value (principal and interest accrued to date) during the term of the wrapper contracts. However, withdrawals prompted by certain events (e.g., layoffs, retirement during specified early retirement window periods, spin-offs, sale of a division, facility closings, plan terminations, partial plan terminations, changes in law or regulation, material breach of contract responsibilities, loss of the Plan’s qualified status, etc.) may be paid at fair value which may be less than contract value. Currently, management believes that the occurrence of an event that would cause the Plan to be paid at less than contract value is not probable. A contract issuer may terminate a wrapper contract at any time; however, if the fair value of the contract is less than the contract value, the contract issuer can either hold the contract until the fair value and contract value are equal or make up the difference between the two. If the funds in the wrapper contracts are needed for benefit payments prior to contract maturity, they may be withdrawn without penalty.

Investment Income Recognition

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

Payment of Benefits

Benefits distributed to Participants are recorded when paid.

Participant Loans

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

3. Risks and Uncertainties

Investments

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

4. Nonparticipant-Directed Investments

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

5. Parties-In-Interest Transactions

Parties-in-interest are defined under Department of Labor (DOL) regulations as any fiduciary of the Plan, any party rendering service to the Plan, the Employer, and certain others. Dividend income earned by the Plan includes dividends on Company Stock. In accordance with the Plan and the Company’s Dividend Reinvestment and Direct Stock Purchase Plan in which the Trustee participates, participants may elect to reinvest dividends in Company Stock or receive dividends in cash. During 2023, dividends on shares of Company Stock held in Participants’ accounts totaled $54,008,747.

 

8

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2023 AND 2022

 

During 2023, employer contributions of Company Stock credited to Participant’s accounts totaled $77,922,196 which equated to 1,132,622 shares. Realized losses on shares of Company Stock sold by Participants during 2023 totaled $161,831,755. At December 31, 2023 and 2022, the number of shares of Company Stock held in Participants’ accounts totaled 27,823,596 and 29,832,303, respectively, with a fair value of $1,690,005,215 and $2,493,980,523, respectively.

Certain fees were paid by the Plan to the managers of the investments held in the Plan and certain Plan investments are managed by an affiliate of the Trustee or investment advisors of the Plan. These transactions qualify as party in interest transactions. The Plan also pays for various administrative expenses to service providers which constitute party-in-interest transactions. Additionally, the Plan reimburses the Company for a portion of the direct costs incurred in the administration of the Plan which are considered party-in-interest transactions. Participant loans held by the Plan of $70,903,605 and $68,303,528 at December 31, 2023 and December 31, 2022, respectively, are also considered party-in-interest transactions.

6. Investments

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

 

		December 31, 2023
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Participant-directed investments:
Registered investment companies		$	363,163,353			$	—			$	—			$	363,163,353
Collective trust funds			—				2,255,847,026				—				2,255,847,026
Preferred stock			—				—				653,585				653,585
Common stock other than NextEra Energy, Inc. common stock			460,193,940				—				225,257				460,419,197
NextEra Energy, Inc. common stock			395,831,605				—				—				395,831,605
Total participant-directed investments			1,219,188,898				2,255,847,026				878,842				3,475,914,766
Nonparticipant-directed investments:
Registered investment companies			9,781,368				—				—				9,781,368
NextEra Energy, Inc. common stock			1,294,173,610				—				—				1,294,173,610
Total nonparticipant-directed investments			1,303,954,978				—				—				1,303,954,978
Total investments in the fair value hierarchy			2,523,143,876				2,255,847,026				878,842				4,779,869,744
Investments at contract value															175,564,283
Total investments														$	4,955,434,027

 

		December 31, 2022
		Quoted Prices				Significant
		in Active				Other				Significant
		Markets for				Observable				Unobservable
		Identical Assets				Inputs				Inputs
		(Level 1)				(Level 2)				(Level 3)				Total
Participant-directed investments:
Registered investment companies		$	344,826,711			$	—			$	—			$	344,826,711
Collective trust funds			—				1,846,623,398				—				1,846,623,398
Preferred stock			—				—				978,894				978,894
Common stock other than NextEra Energy, Inc. common stock			412,980,476				—				212,302				413,192,778
NextEra Energy, Inc. common stock			604,716,530				—				—				604,716,530
Total participant-directed investments			1,362,523,717				1,846,623,398				1,191,196				3,210,338,311
Nonparticipant-directed investments:
Registered investment companies			15,229,762				—				—				15,229,762
NextEra Energy, Inc. common stock			1,889,263,993				—				—				1,889,263,993
Total nonparticipant-directed investments			1,904,493,755				—				—				1,904,493,755
Total investments in the fair value hierarchy			3,267,017,472				1,846,623,398				1,191,196				5,114,832,066
Investments at contract value															252,202,853
Total investments														$	5,367,034,919

 

9

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2023 AND 2022

 

7. Managed Income Fund

The contract value of fully benefit-responsive investment contracts was $175,564,283 and $252,202,853, respectively, at December 31, 2023 and 2022. The contract value of the fully benefit-responsive investment contracts includes cash of $651,281 and $1,760,102, respectively, at December 31, 2023 and 2022. Pending trades due from brokers related to fully benefit-responsive investment contracts were $0 and $5,587,452, respectively, at December 31, 2023 and 2022. Pending trades due to brokers related to fully benefit-responsive investment contracts were $0 and $6,259,148, respectively at December 31, 2023 and 2022. The contract value of fully benefit-responsive investment contracts excludes short term investments in registered investment companies that are not covered by the wrapper contracts. These investments are reported at fair value in the amount of $3,580,286 and $3,395,197, respectively, at December 31, 2023 and 2022.

8. Contingencies

In September 2023, a participant in the Plan, purportedly on behalf of the Plan and all persons who were participants in or beneficiaries of the Plan, at any time between September 25, 2016 and September 25, 2023, filed a putative ERISA class action lawsuit in the U.S. District Court for the Southern District of Florida against the Company. The complaint alleges that the Company violated its fiduciary duties under the Plan by permitting a third-party administrative recordkeeper to charge allegedly excessive fees for the services provided and allegedly by allowing a large volume of plan assets to be invested in Company Stock. The plaintiff seeks declaratory, equitable and monetary relief on behalf of the Plan and Plan participants. The Company and the plaintiff have agreed to a specified stay of the action to permit the plaintiff to exhaust the administrative remedies available to the participant under the Plan.

9. Income Taxes

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

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

Accounting principles generally accepted in the United States of America require plan administrators to evaluate tax positions taken by the Plan. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2023 and 2022, respectively, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine regulatory audits. An IRS audit was completed November 14, 2023 for the 2019 plan year. The plan administrator believes it is no longer subject to tax audits for periods prior to 2020.

 

10

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

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

DECEMBER 31, 2023

 

(a)		(b) Identity of issue, borrower, lessor, or similar party		(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value				(d) Cost				(e)  Current value
		Cash and Cash Equivalents:
		USD (US Dollars)			651,281				**			$	651,281
		Total Cash and Cash Equivalents							—			$	651,281
		Common Stock:
		ADOBE INC			10,078				**			$	6,012,535
		ADVANCED MICRO DEVICES INC			23,080				**				3,402,223
		AFFIRM HOLDINGS INC			21,286				**				1,045,994
		ALPHABET INC CL A			233,337				**				32,594,846
		AMAZON.COM INC			219,879				**				33,408,415
		AMPHENOL CORPORATION CL A			77,176				**				7,650,457
		APPLE INC			170,847				**				32,893,173
		ATLASSIAN CORP PLC CLS A			22,647				**				5,386,815
		AURORA INNOVATION INC			198,071				**				865,570
		BECTON DICKINSON & CO			21,197				**				5,168,464
		THE BOOKING HOLDINGS INC			1,999				**				7,090,893
		CIGNA GROUP			41,073				**				12,299,310
		CADENCE DESIGN SYSTEMS INC			15,692				**				4,274,030
		CHIPOTLE MEXICAN GRILL INC			1,783				**				4,077,650
		COUPANG INC A			144,871				**				2,345,461
		DANAHER CORP			5,400				**				1,249,236
		DOLLAR GENERAL CORP			19,198				**				2,609,968
		DYNATRACE INC			64,956				**				3,552,444
		META PLATFORMS INC CL A			54,378				**				19,247,637
		FAIR ISAAC CORP			3,074				**				3,578,167
		FISERV INC			102,473				**				13,612,513
		GLOBAL PAYMENTS INC			42,885				**				5,446,395
		HOWMET AEROSPACE INC			29,700				**				1,607,364
		HUMANA INC			6,420				**				2,939,140
		INGERSOLL RAND INC			81,514				**				6,304,293
		INTUIT INC			28,981				**				18,113,994
		INTUITIVE SURGICAL INC			29,862				**				10,074,244
		LEGEND BIOTECH CORP SPON ADR			31,003				**				1,865,451
		ELI LILLY & CO			16,346				**				9,528,410
		MASTERCARD INC CL A			32,933				**				14,046,254
		MICROSOFT CORP			161,019				**				60,549,585
		MONGODB INC CL A			3,031				**				1,239,224
		MONSTER BEVERAGE CORP			78,735				**				4,535,923
		NETFLIX INC			11,464				**				5,581,592
		NVIDIA CORP			48,915				**				24,223,686
		PAYLOCITY HOLDING CORP			20,661				**				3,405,966
		PELOTON INTERACTIVE INC CL A			150,475				**				916,393
		PENUMBRA INC			6,145				**				1,545,713
		RIVIAN AUTOMOTIVE INC			86,649				**				2,032,786
		ROSS STORES INC			49,890				**				6,904,277
		SALESFORCE INC			13,983				**				3,679,487
		SCHLUMBERGER LTD			65,360				**				3,401,334
		SCHWAB CHARLES CORP			22,300				**				1,534,240
		SERVICENOW INC			11,938				**				8,434,078
		SNAP INC - A			123,548				**				2,091,668
		STRYKER CORP			31,300				**				9,373,098
		T-MOBILE US INC			26,804				**				4,297,485
		TRADEWEB MARKETS INC A			29,150				**				2,649,152
		UNITEDHEALTH GROUP INC			34,314				**				18,065,292
		VERTEX PHARMACEUTICALS INC			5,183				**				2,108,911
		VISA INC CL A			44,653				**				11,625,409
		ASML HLDG NV (NY REG SHS) NEW YORK REGISTERED SHAR			8,373				**				6,337,691
		SPOTIFY TECHNOLOGY SA			17,932				**				3,369,602
		STRIPE INC CLASS B PP			9,148				**				224,949
		MAGIC LEAP INC A P/P			719				**				309
		GCI LIBERTY INC CL A ESCROWE LINE			88,380				**				1
*		NEXTERA ENERGY, INC. (PARTICIPANT-DIRECTED)			6,516,819				**				395,831,605
*		NEXTERA ENERGY, INC. (NONPARTICIPANT-DIRECTED)			21,306,777				$414,952,470				1,294,173,610
		Total Common Stock							$414,952,470			$	2,150,424,412
		Preferred Stock:
		NURO INC/CA SER C PC PP			47,663				**			$	259,763
		SILA NANOTECHNOLOGIES INC SER F 0% PC PP			9,212				**				186,820
		RAPPI INC SER E PFD PERP PP			9,111				**				207,002
		Total Preferred Stock							—			$	653,585
		Collective Trust Funds:
*		BLACKROCK RUSSELL 2000 INDEX FUND M			1,169,196				**			$	34,162,959
*		BTC ACWI EX US IMI M			2,384,903				**				41,219,954
*		BTC EQUITY INDEX J			13,437,263				**				305,071,549

 

11

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

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

DECEMBER 31, 2023

 

(a)		(b) Identity of issue, borrower, lessor, or similar party		(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value				(d) Cost				(e)  Current value
*		BTC RUSSELL 3000 M			4,954,686				**				138,392,308
*		BTC US DEBT INDEX M			3,755,689				**				44,492,891
*		COHEN & STEERS US REALTY SHARES B			2,422,954				**				48,459,088
*		EARNEST SMID CP CORE			18,262				**				288,908
*		LS CORE PL FXINC D			2,961,596				**				48,214,776
*		PIMCO DIVERSIFIED REAL ASSET TRUST			810,593				**				14,606,879
*		VANGUARD TARGET RETIREMENT 2020 TRUST PLUS			474,735				**				32,467,160
*		VANGUARD TARGET RETIREMENT 2025 TRUST PLUS			3,792,408				**				281,889,687
*		VANGUARD TARGET RETIREMENT 2030 TRUST PLUS			1,668,077				**				133,229,283
*		VANGUARD TARGET RETIREMENT 2035 TRUST PLUS			4,471,429				**				383,425,079
*		VANGUARD TARGET RETIREMENT 2040 TRUST PLUS			942,996				**				85,605,183
*		VANGUARD TARGET RETIREMENT 2045 TRUST PLUS			3,122,116				**				293,572,595
*		VANGUARD TARGET RETIREMENT 2050 TRUST PLUS			709,918				**				67,328,609
*		VANGUARD TARGET RETIREMENT 2055 TRUST PLUS			1,220,488				**				115,580,188
*		VANGUARD TARGET RETIREMENT 2060 TRUST PLUS			495,309				**				28,252,416
*		VANGUARD TARGET RETIREMENT 2065 TRUST PLUS			526,151				**				18,536,293
*		VANGUARD TARGET RETIREMENT 2070 TRUST PLUS			70,317				**				1,501,266
*		VANGUARD TARGET RETIREMENT INCOME TRUST PLUS			1,477,966				**				77,681,876
*		BLACKROCK RUSSELL 2000 ALPHA TILTS FUND F			2,926,640				**				57,803,783
*		SSBK GOVERNMENT STIF FUND (US LARGE CAP GROWTH FUND)			3,934,008				**				3,934,008
*		SSBK STIF FUND (SMALL MID CAP GROWTH FUND)			130,288				**				130,288
		Total Collective Trust Funds							—			$	2,255,847,026
		Registered Investment Companies:
*		AF EUROPAC GROWTH R6			1,369,952				**			$	74,936,389
*		EATON VANCE FLOATING-RATE & HIGH INCOME FUND R6			2,599,940				**				21,631,502
*		JPM EQUITY INCOME R6 FUND			4,950,821				**				113,769,869
*		VANGUARD VMMR-FED MONEY MARKET			148,844,336				**				148,844,336
*		FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. PARTICIPANT-DIRECTED)			400,971				**				400,971
*		FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. NONPARTICIPANT-DIRECTED)			9,781,368				$9,781,368				9,781,368
*		FIDELITY INSTITUTIONAL CASH PORTFOLIO (MANAGED INCOME FUND)			3,580,286				**				3,580,286
		Total Registered Investment Companies							$9,781,368			$	372,944,721
		U.S. Treasury Notes:
		UST NOTES 1.25% 12/31/2026			1,164,100				**			$	1,074,598
		UST NOTES 2.5% 03/31/2027			14,841,100				**				14,279,061
		UST NOTES 3.5% 01/31/2028			3,027,600				**				3,024,165
		UST NOTES 3.5% 04/30/2028			4,693,900				**				4,648,542
		UST NOTES 3.625% 03/31/2028			3,125,100				**				3,119,985
		UST NOTES 3.625% 05/31/2028			1,832,500				**				1,818,941
		UST NOTES 3.875% 11/30/2027			4,951,000				**				4,957,331
		UST NOTES 3.875% 12/31/2027			1,663,800				**				1,661,639
		UST NOTES 4% 02/15/2026			5,046,200				**				5,099,379
		UST NOTES 4% 02/29/2028			4,940,400				**				5,023,388
		UST NOTES 4% 06/30/2028			2,972,700				**				2,987,077
		UST NOTES 4% 12/15/2025			3,231,800				**				3,220,509
		UST NOTES 4.125% 06/15/2026			2,016,700				**				2,020,091
		UST NOTES 4.125% 07/31/2028			4,812,600				**				4,945,306
		UST NOTES 4.125% 09/30/2027			12,085,500				**				12,288,653
		UST NOTES 4.125% 10/31/2027			1,425,800				**				1,444,891
		UST NOTES 4.5% 11/15/2025			1,657,400				**				1,672,598
		UST NOTES 4.625% 03/15/2026			4,500,000				**				4,600,775
		UST NOTES 4.625% 06/30/2025			5,373,100				**				5,386,586
		UST NOTES 4.875% 10/31/2028			5,456,600				**				5,740,814
		UST NOTES 5% 08/31/2025			3,781,800				**				3,880,559
		Total U.S. Treasury Notes							—			$	92,894,888
		Government Agency Notes:
		CA ST 2.40% 10/1/2025			440,000				**			$	425,406
		NYC TFA (PIT) 2.85% 2/1/2024			155,000				**				156,513
		Total Government Agency Notes							—			$	581,919
		Mortgage Backed Securities:
		BENCHMARK MORTGAGE TRUST 2018-B7 A2 4.377% 05/15/2053			271,780				**			$	268,175
		BENCHMARK MTG TR 2018-B2 A2 3.6623% 02/15/2051			110,022				**				106,220
		BENCHMARK MTG TR 2018-B8 A2 4.149% 01/15/2052			104,992				**				103,182
		BX 2021-BXMF TSFR1M+75.041 10/15/2026 144A			280,601				**				276,133
		BX COMMERCIAL MORTGAGE TRUST 2021-PAC TSFR1M+80.358 21 10/15/2036 144A			325,000				**				319,119
		BX COMMERCIAL MORTGAGE TRUST 22-LP2 A TSFR1M+96.27 02/15/2039 144A			332,128				**				327,090
		BX TR 2021-ACNT TSFR1M+96.448 11/15/2026 144A			317,000				**				313,475
		CITIGROUP COML MTG TR 2014-GC23 A3 3.356% 07/10/2047			279,154				**				276,475
		CITIGROUP COML MTG TR 2016-GC36 AAB 3.368% 02/10/2049			115,333				**				112,991
		COMM 2015-CCRE23 MORTGAGE TRUST 3.257% 05/10/2048			56,710				**				56,046

 

12

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

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

DECEMBER 31, 2023

 

(a)		(b) Identity of issue, borrower, lessor, or similar party		(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value				(d) Cost				(e)  Current value
		COMM 2015-CR22 ASB MTG TR 3.144% 03/10/2048			45,735				**				45,373
		CSAIL 2015-C2 COML MTG TR 3.2241% 06/15/2057			52,517				**				51,809
		CSAIL 2017-CX9 A2 3.0538% 09/15/2050			9,639				**				9,635
		CSAIL 2019-C15 COML MTG TR 3.4505% 03/15/2052			295,111				**				291,714
		ELP COMMERCIAL MORTGAGE TRUST 2021-ELP TSFR1M+81.548 1 11/15/2036 144A			443,484				**				436,427
		FANNIE MAE 2017-74 PA 3.5% 11/25/2045			225,375				**				217,475
		FEDERAL HOME LN MTG MLT CTF GT 2019-4872 AB 4% 08/15/2047			173,218				**				169,834
		FEDERAL HOME LN MTG MLT CTF GT 3% 07/25/2039			249,275				**				233,540
		FEDERAL HOME LN MTG MLT CTF GT 3.0% 05/15/2045			125,830				**				119,027
		FEDERAL HOME LN MTG MLT CTF GT 4% 07/15/2047			174,769				**				171,696
		FEDERAL HOME LN MTG MLT CTF GT 4135 AB 1.75% 06/15/2042			17,740				**				16,203
		FEDERAL HOME LN MTG MLT CTF GT 4847 CA 3.5% 11/15/2045			105,114				**				102,835
		FEDERAL HOME LN MTG MLT CTF GT 5.0% 02/15/2040			44,181				**				44,632
		FEDERAL HOME LN MTGE CORP 4765 QA 3% 02/15/2046			269,779				**				255,252
		FEDERAL NAT MTG ASN GTD REM 2011-26 PA 4.5% 04/25/2041			75,723				**				75,260
		FEDERAL NAT MTG ASN GTD REM 2017-97 P 3% 01/25/2047			260,130				**				241,042
		FEDERAL NAT MTG ASN GTD REM PA 1.85% 05/25/2033			171,308				**				155,964
		FEDERAL NAT MTG ASN GTD REM PA 2% 06/25/2035			426,335				**				396,520
		FEDERAL NAT MTG ASN GTD REM PA 2.5% 05/25/2045			310,478				**				288,982
		FEDERAL NAT MTG ASN GTD REM PA 2.5% 10/25/2039			178,531				**				163,475
		FEDERAL NAT MTG ASN GTD REM PA 2012-149 DA 1.75% 01/25/2043			20,921				**				19,203
		FEDERAL NAT MTG ASN GTD REM PA 2015-28 JE 3.0% 05/25/2045			247,088				**				235,255
		FEDERAL NAT MTG ASN GTD REM PA 2017-11 HA 3.5% 12/25/2045			238,269				**				228,881
		FEDERAL NAT MTG ASN GTD REM PA 2018-3 LP 3% 02/25/2047			398,328				**				370,308
		FEDERAL NAT MTG ASN GTD REM PA 2019-14 DA 4% 03/25/2048			114,815				**				112,129
		FEDERAL NAT MTG ASN GTD REM PA 2019-38 AB 3% 07/25/2039			320,269				**				298,512
		FEDERAL NAT MTG ASN GTD REM PA 3% 03/25/2048			551,807				**				520,558
		FEDERAL NAT MTG ASN GTD REM PA 3.0% 04/25/2044			75,536				**				71,915
		FEDERAL NAT MTG ASN GTD REM PA 3.0% 06/25/2043			146,405				**				138,458
		FEDERAL NAT MTG ASN GTD REM PA 3.5% 02/25/2046			150,755				**				146,946
		FEDERAL NAT MTG ASN GTD REM PA 4% 11/25/2048			136,308				**				131,278
		FEDERAL NATL MTG AS GTD RE PTT 2016-105 PA 3.5% 04/25/2045			119,169				**				115,175
		FEDERAL NATL MTG AS GTD RE PTT 2018-11 LA 3.5% 07/25/2045			155,718				**				150,621
		FHLG 7.50% 7/34 #G02115			20,995				**				22,033
		FHLG 15YR 2.5% 01/01/2028#SB0799			70,614				**				68,233
		FHLG 15YR 2.5% 12/01/2031#SB0093			315,620				**				298,137
		FHLG 15YR 3% 02/01/2034#SB0179			314,610				**				301,870
		FHLG 15YR 3% 03/01/2033#SB0181			567,333				**				545,068
		FHLG 15YR 3% 05/01/2033#G16550			224,974				**				216,104
		FHLG 15YR 3.5% 04/01/2034#SB0378			266,199				**				259,213
		FHLG 20YR 3% 11/01/2033#G30872			202,475				**				193,217
		FHLG 20YR 3.5% 06/01/2032#C91456			161,426				**				157,297
		FHLG 20YR 3.5% 07/01/2032#G31067			85,143				**				82,966
		FHLG 25YR 5.50% 7/35 #G05815			11,014				**				11,340
		FHLG 5.50% 3/34 #G01665			17,096				**				17,615
		FHLG 5.50% 5/34 #Z40042			125,877				**				129,432
		FHR 4683 EA 2.5% 05/47			277,361				**				261,320
		FNMA 6.50% 7/32 #545762			2,716				**				2,831
		FNMA 6.50% 7/35 #745092			2,997				**				3,137
		FNMA 6.50% 12/32 #735415			2,730				**				2,846
		FNMA 15YR 2% 02/01/2028#FS3865			76,211				**				72,954
		FNMA 15YR 2.5% 01/01/2028#FS3867			78,195				**				75,514
		FNMA 15YR 2.5% 01/01/2029#			127,594				**				122,541
		FNMA 15YR 2.5% 10/01/2031#AS8010			138,291				**				130,748
		FNMA 15YR 3% 02/01/2033#BM5108			724,363				**				695,935
		FNMA 15YR 3% 12/01/2032#BM5109			705,331				**				677,961
		FNMA 15YR 3.5% 02/01/2033#FM9794			96,679				**				94,444
		FNMA 15YR 3.5% 02/01/2035#FM0065			328,722				**				319,889
		FNMA 15YR 3.5% 09/01/2029#AL5878			59,454				**				58,378
		FNMA 15YR 3.5% 09/01/2034#FM1577			244,316				**				237,751
		FNMA 15YR 3.5% 09/01/2034#FM1578			114,083				**				110,981
		FNMA 15YR 3.5% 10/01/2034#FM1579			67,761				**				65,898
		FNMA 15YR 3.5% 11/01/2030#AL7688			53,143				**				52,100
		FNMA 15YR 3.5% 12/01/2028#AV1907			4,950				**				4,862
		FNMA 15YR 4% 02/01/2034#FM3001			375,970				**				374,104
		FNMA 15YR 4% 03/01/2034#FM2867			842,587				**				838,930
		FNMA 15YR 4.5% 11/01/2025#AL8242			3,816				**				3,803
		FNMA 20YR 2.5% 01/01/2033#AL2974			59,036				**				55,217
		FNMA 20YR 2.5% 01/01/2033#AL2975			70,458				**				65,901
		FNMA 20YR 2.5% 01/01/2033#AL2976			39,037				**				36,512
		FNMA 20YR 2.5% 01/01/2033#AL2982			47,106				**				44,059
		FNMA 20YR 3% 07/01/2036#MA2672			691,721				**				656,964
		FNMA 20YR 3% 12/01/2040#FM4710			427,143				**				401,809
		FNMA 20YR 3% 12/01/2040#FM4711			525,930				**				494,244
		FNMA 20YR 3.00% 11/32 #MA1237			581,322				**				554,110

 

13

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

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

DECEMBER 31, 2023

 

(a)		(b) Identity of issue, borrower, lessor, or similar party		(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value				(d) Cost				(e)  Current value
		FNMA 20YR 4% 04/01/2038#MA3337			259,588				**				253,824
		FNMA 20YR 4.5% 03/01/2039#FM1774			36,563				**				36,579
		FNMA 20YR 4.5% 06/01/2039#FM1045			18,312				**				18,320
		FNMA 20YR 4.5% 08/01/2039#FM1353			50,885				**				50,907
		FNMA 30YR 4.5% 09/01/2049#FM1534			315,577				**				313,544
		FNMA 5.50% 11/34 #310105			89,799				**				92,244
		FNMA 6.50% 12/35 #AD0723			15,206				**				15,884
		FNMA 6.50% 7/32 #545759			4,721				**				4,922
		FNMA 6.50% 8/36 #888034			3,375				**				3,522
		FNMA 6.50% 8/36 #888544			13,233				**				13,823
		FNMA 6.50% 8/36 #AE0746			11,240				**				11,733
		FNMA GTD MTG PASS THRU CTF 3.5% 10/25/2044			185,222				**				180,454
		FNR 2013-16 GP 3% 1/1/33			43,341				**				42,119
		FNR 2015-42 LE 3.0% 06/25/45			177,043				**				168,753
		FNR 2015-49 LE 3% 07/45			142,163				**				135,316
		FNR 2015-54 GA 2.5% 07/25/2045			111,166				**				105,805
		FNR 2016-100 P 3.5% 11/44			199,650				**				191,918
		FNR 2016-19 AH 3% 04/46			147,554				**				140,094
		FNR 2016-26 CG 3% 05/46			388,665				**				368,386
		FNR 2016-27 HK 3% 01/25/2041			216,180				**				204,827
		FNR 2016-27 KG 3% 01/40			99,124				**				93,970
		FNR 2016-34 GH 3% 06/46			362,692				**				344,789
		FNR 2016-37 BK 3% 06/25/46			414,245				**				393,841
		FNR 2017-20 AP 3.5% 03/25/2045			278,068				**				267,998
		FNR 2018-16 NB 3.25% 12/25/2044			30,945				**				30,304
		FREDDIE MAC 4656 PA 3.5% 10/15/2045			170,611				**				163,543
		FREDDIE MAC REMICS 2018-4766 MA 3.5% 02/15/2046			262,661				**				253,667
		FREDDIE MAC REMICS 3% 10/25/2048			265,208				**				246,916
		GNII II 4% 04/20/2047#MA4383			163,190				**				159,152
		GS MTG SECS TR 2014-GC26 AAB 3.365% 11/10/2047			48,990				**				48,655
		GS MTG SECS TR 2015-GC28 AAB 3.206% 02/10/2048			51,189				**				50,666
		GS MTG SECS TR 2015-GC32 AAB 3.513% 07/10/2048			60,110				**				59,258
*		JPMBB COML MTG SECS TR 2014-C22 3.8012% 09/15/2047			253,000				**				249,352
*		JPMCC COML MTG SECS TR 2016-JP4 A2 2.984% 12/15/2049			30,458				**				29,429
		LIFE FINANCIAL SERVICES TRUST 2022 TSFR1M+129.52405/15/2039 144A			459,000				**				450,115
		MORGAN STANLEY BK AMER MERRILL LYNCH TR 2014-C16 ASB 3.477% 06/15/2047			5,960				**				5,961
		MORGAN STANLEY BK AMER MERRILL LYNCH TR 2015-C21 ASB 3.15% 03/15/2048			16,528				**				16,295
		MORGAN STANLEY CAP I TR 2019-MEAD 3.17% 11/10/2036 144A			374,000				**				345,766
		MSBAM 2014-C17 ASB 3.477% 8/47			14,012				**				13,983
		MSBAM 2015-C22 ASB 3.04% 04/15/48			29,936				**				29,509
		MSBAM 2016-C28 3.272% 01/15/49			135,491				**				129,872
		OPG TR 2021-PORT TSFR1M+59.848 8 10/15/2036 144A			480,598				**				470,800
		SREIT TR 2021-MFP TSFR1M+84.528 08 11/15/2038 144A			284,188				**				280,299
		WELLS FARGO COML MTG TR 15-C27 ASB 3.278% 02/15/2048			72,529				**				71,592
		WFCM 2016-C34 A2 2.603% 06/49			68,906				**				69,309
		WFRBS COML MTG TR 2014-C22 ASB 3.464% 09/15/2057			73,068				**				72,597
		WFRBS COML MTG TR 2014-C23 ASB 3.636% 10/15/2057			25,907				**				25,734
		Total Mortgage Backed Securities							—			$	23,729,454
		Asset Backed Securities:
		AMERICAN EXPRESS CR ACC MST TR 3.39% 05/15/2027			800,000				**			$	784,885
		AMERICAN EXPRESS CR ACC MST TR 3.75% 08/15/2027			660,000				**				649,930
		AMERICAN EXPRESS CR ACC MST TR 4.87% 05/15/2028			281,000				**				283,755
		AMERICAN EXPRESS CR ACC MST TR 4.95% 10/15/2027			408,000				**				410,285
		AMERICAN EXPRESS CR ACC MST TR 5.23% 09/15/2028			544,000				**				554,271
		BA CR CARD TR 3.53% 11/15/2027			747,000				**				733,538
		BA CR CARD TR 4.79% 05/15/2028			203,000				**				204,203
		BA CR CARD TR 4.98% 11/15/2028			246,000				**				249,549
		BA CR CARD TR 5% 04/15/2028			460,000				**				463,819
		BMW VECHILE OWNER TRUST 2023-A 5.47% 02/25/2028			73,000				**				73,838
		CAPITAL ONE MULTI-ASST EXEC TR 2.8% 03/15/2027			1,329,000				**				1,296,997
		CAPITAL ONE MULTI-ASST EXEC TR 3.49% 05/15/2027			800,000				**				786,289
		CAPITAL ONE MULTI-ASST EXEC TR 4.95% 10/15/2027			583,000				**				585,964
		CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2023-2 5.82% 06/15/2028			422,000				**				433,277
		CARMAX AUTO OWNER TR 2023-2 5.05% 01/18/2028			544,000				**				546,053
		CARMAX AUTO OWNER TR 2023-4 6% 07/17/2028			82,000				**				84,532
		CARMX 2023-3 A3 5.28% 05/15/2028			340,000				**				344,515
		CHASE ISSUANCE TR 3.97% 09/15/2027			619,000				**				611,829
		CHASE ISSUANCE TR 5.08% 09/15/2030			576,000				**				590,610
		CHASE ISSUANCE TR 5.16% 09/15/2028			635,000				**				646,528
		CITIBANK CR CARD ISSUANCE TR 5.23% 12/08/2027			189,000				**				190,999
		DELL EQUIP FIN TR 2023-2 5.65% 01/22/2029 144A			160,000				**				162,149
		DELL EQUIPMENT FINANCE TRUST 2023-3 5.93% 04/23/2029 144A			215,000				**				219,320
		DISCOVER CARD EXECUTION NT TR 3.32% 05/15/2027/2027			670,000				**				656,788
		DISCOVER CARD EXECUTION NT TR 3.56% 07/15/202715/2027			622,000				**				610,783

 

14