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, 2024

OR

 

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

Commission File Number 1-8841

 

 

NextEra Energy, Inc. Employee Retirement Savings Plan

(Full title of the plan)

 

 

NextEra Energy, Inc.

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

 

 

700 Universe Boulevard

Juno Beach, Florida 33408

(Address of principal executive office)

 

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

TABLE OF CONTENTS

 

		Page No.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM			1
FINANCIAL STATEMENTS
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 2024 AND 2023			2-3
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2024			4
NOTES TO FINANCIAL STATEMENTS			5
SUPPLEMENTAL SCHEDULE
SCHEDULE H LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)			11
SIGNATURE			17
EXHIBIT INDEX			18
EXHIBIT 23(a) – CONSENT OF CROWE LLP

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Participants and the Employee Benefit Plans

 Administrative Committee

NextEra Energy, Inc. Employee Retirement Savings Plan

Juno Beach, Florida

Opinion on the Financial Statements

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

Basis for Opinion

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

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

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

Supplemental Information

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

 

Crowe LLP

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

Oakbrook Terrace, Illinois

June 11, 2025

 

1

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

AS OF DECEMBER 31, 2024 AND 2023

 

		December 31, 2024
		Participant-				Nonparticipant-
		Directed				Directed				Total
ASSETS
Investments, at fair value (see Note 6)
Registered investment companies		$	380,879,084			$	14,903,037			$	395,782,121
Collective trust funds			2,504,711,886				—				2,504,711,886
Preferred stock			535,175				—				535,175
Common stock other than NextEra Energy, Inc. common stock			567,433,095				—				567,433,095
NextEra Energy, Inc. common stock			403,320,650				1,400,613,164				1,803,933,814
Total investments, at fair value			3,856,879,890				1,415,516,201				5,272,396,091
Investments, at contract value (see Note 7)			134,365,790				—				134,365,790
Total investments			3,991,245,680				1,415,516,201				5,406,761,881
Receivables
Participant loans			74,021,654				—				74,021,654
Pending trades due from brokers			91,490				—				91,490
Employer contributions			—				3,138,329				3,138,329
Other receivables			542,468				44,185				586,653
Total receivables			74,655,612				3,182,514				77,838,126
Non-interest bearing cash			19,605				—				19,605
Total assets			4,065,920,897				1,418,698,715				5,484,619,612
LIABILITIES
Pending trades due to brokers			1,215				—				1,215
Other payables			1,662,049				99,249				1,761,298
Total liabilities			1,663,264				99,249				1,762,513
NET ASSETS AVAILABLE FOR BENEFITS		$	4,064,257,633			$	1,418,599,466			$	5,482,857,099

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

 

2

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

AS OF DECEMBER 31, 2024 AND 2023

 

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

 

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

3

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2024

 

		Participant-				Nonparticipant-
		Directed				Directed				Total
ADDITIONS TO NET ASSETS ATTRIBUTED TO:
Net appreciation in fair value of investments		$	518,947,982			$	233,088,029			$	752,036,011
Interest income			16,062,976				—				16,062,976
Dividend income			30,576,357				42,219,548				72,795,905
Net investment income			565,587,315				275,307,577				840,894,892
Contributions
Participant			211,648,293				—				211,648,293
Employer-NextEra Energy, Inc. common stock			—				83,053,766				83,053,766
Rollovers			18,538,676				—				18,538,676
Total contributions			230,186,969				83,053,766				313,240,735
Transfer from/to nonparticipant-directed investments			64,822,370				3,321,594				68,143,964
Total net additions			860,596,654				361,682,937				1,222,279,591
DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:
Benefit payments to participants and beneficiaries			511,097,938				186,426,746				697,524,684
Management and administrative expenses			3,365,862				381,290				3,747,152
Transfer from/to participant-directed investments			3,321,594				64,822,370				68,143,964
Total deductions			517,785,394				251,630,406				769,415,800
NET INCREASE			342,811,260				110,052,531				452,863,791
NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2023		$	3,721,446,373			$	1,308,546,935			$	5,029,993,308
NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2024		$	4,064,257,633			$	1,418,599,466			$	5,482,857,099

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

 

4

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

1. Description of the Plan

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

General

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

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

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

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

Trustee

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

Administration of the Plan

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

Employee Contributions

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

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

 

5

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

 

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

Employer Contributions

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

Forfeitures

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

Vesting

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

Participant Loans

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

Benefit Payments and Withdrawals

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

Administrative Expenses

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

Plan Termination

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

2. Summary of Significant Accounting Policies

Basis of Accounting

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

 

6

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

 

Use of Estimates

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

Investment Valuation

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

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

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

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

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

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

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

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

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

 

7

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

 

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

Investment Income Recognition

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

Payment of Benefits

Benefits distributed to Participants are recorded when paid.

Participant Loans

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

3. Risks and Uncertainties

Investments

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

4. Nonparticipant-Directed Investments

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

5. Parties-In-Interest Transactions

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

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

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

 

8

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

 

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

6. Investments

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

 

		December 31, 2024
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Participant-directed investments:
Registered investment companies		$	380,879,084			$	—			$	—			$	380,879,084
Collective trust funds			—				2,504,711,886				—				2,504,711,886
Preferred stock			—				—				535,175				535,175
Common stock other than NextEra Energy, Inc. common stock			567,181,434				—				251,661				567,433,095
NextEra Energy, Inc. common stock			403,320,650				—				—				403,320,650
Total participant-directed investments			1,351,381,168				2,504,711,886				786,836				3,856,879,890
Nonparticipant-directed investments:
Registered investment companies			14,903,037				—				—				14,903,037
NextEra Energy, Inc. common stock			1,400,613,164				—				—				1,400,613,164
Total nonparticipant-directed investments			1,415,516,201				—				—				1,415,516,201
Total investments in the fair value hierarchy			2,766,897,369				2,504,711,886				786,836				5,272,396,091
Investments at contract value															134,365,790
Total investments														$	5,406,761,881

 

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

7. Managed Income Fund

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

 

9

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

 

8. Income Taxes

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

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

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

 

10

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

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

DECEMBER 31, 2024

 

(a)		(b) Identity of issue, borrower, lessor, or similar party		(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value				(d) Cost		(e)  Current value
		Cash and Cash Equivalents:
		USD (US Dollars)			419,235			**		$	419,235
		Total Cash and Cash Equivalents						—		$	419,235
		Common Stock:
		ADOBE INC			10,558			**		$	4,694,931
		ADVANCED MICRO DEVICES INC			22,092			**			2,668,493
		AFFIRM HOLDINGS INC			14,549			**			886,034
		ALPHABET INC CL A			206,584			**			39,106,351
		AMAZON.COM INC			219,879			**			48,239,254
		AMPHENOL CORPORATION CL A			141,692			**			9,840,509
		APPLE INC			203,843			**			51,046,364
		ARGENX SE SPONSORED ADR			6,986			**			4,296,390
		ASML HLDG NV (NY REG SHS) NEW YORK REGISTERED SHARES			5,239			**			3,631,046
		ATLASSIAN CORP PLC CLS A			20,492			**			4,987,343
		AURORA INNOVATION INC			189,676			**			1,194,959
		BECTON DICKINSON & CO			17,492			**			3,968,411
		BOEING CO			23,084			**			4,085,869
		CHIPOTLE MEXICAN GRILL INC			73,595			**			4,437,779
		CIGNA GROUP (THE)			28,182			**			7,782,177
		COUPANG INC A			219,778			**			4,830,720
		DANAHER CORP			17,977			**			4,126,620
		DYNATRACE INC			49,918			**			2,713,043
		ELI LILLY & CO			15,793			**			12,192,196
		ENTEGRIS INC			38,950			**			3,858,387
		EQUIFAX INC			19,474			**			4,962,949
		FAIR ISAAC CORP			2,137			**			4,254,617
		FISERV INC			86,021			**			17,670,434
		HOWMET AEROSPACE INC			44,909			**			4,911,697
		HUBSPOT INC			7,516			**			5,236,923
		INGERSOLL RAND INC			52,137			**			4,716,313
		INTUIT INC			28,864			**			18,141,024
		INTUITIVE SURGICAL INC			24,541			**			12,809,420
		LEGEND BIOTECH CORP SPON ADR			40,456			**			1,316,438
		LULULEMON ATHLETICA INC			7,927			**			3,031,364
		MAGIC LEAP INC A P/P			719			**			—
		MASTERCARD INC CL A			39,377			**			20,734,747
		MERCADOLIBRE INC			1,812			**			3,081,197
		META PLATFORMS INC CL A			53,139			**			31,113,416
		MICROSOFT CORP			161,019			**			67,869,509
		NATERA INC			12,651			**			2,002,653
		NETFLIX INC			11,400			**			10,161,048
		NVIDIA CORP			412,500			**			55,394,625
		ROSS STORES INC			35,111			**			5,311,241
		SCHLUMBERGER LTD			75,034			**			2,876,804
		SCHWAB CHARLES CORP			49,655			**			3,674,967
		SERVICENOW INC			10,717			**			11,361,306
		SHOPIFY INC CL A			60,837			**			6,468,798
		SONOVA HLDG AG UNSPON ADR			50,367			**			3,275,870
		STRIPE INC CLASS B PP			9,148			**			251,661
		STRYKER CORP			23,015			**			8,286,551
		THE BOOKING HOLDINGS INC			1,935			**			9,613,893
		TRADEWEB MARKETS INC A			19,680			**			2,576,506
		UNITEDHEALTH GROUP INC			27,544			**			13,933,408
		VISA INC CL A			43,687			**			13,806,839
		GCI LIBERTY INC CL A ESCROWE LINE			88,380			**			1
*		NEXTERA ENERGY, INC. (PARTICIPANT-DIRECTED)			5,625,898			**			403,320,650
*		NEXTERA ENERGY, INC. (NONPARTICIPANT-DIRECTED)			19,537,079			$445,170,673			1,400,613,164
		Total Common Stock						$445,170,673		$	2,371,366,909
		Preferred Stock:
		NURO INC/CA SER C PC PP			47,663			**		$	156,335
		SILA NANOTECHNOLOGIES INC SER F 0% PC PP			9,212			**			180,129
		RAPPI INC SER E PFD PERP PP			9,111			**			198,711
		Total Preferred Stock						—		$	535,175

 

11

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

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

DECEMBER 31, 2024

 

(a)		(b) Identity of issue, borrower, lessor, or similar party		(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value				(d) Cost		(e)  Current value
		Collective Trust Funds:
*		BLACKROCK RUSSELL 2000 INDEX FUND M			1,191,753			**		$	38,845,194
*		BTC ACWI EX US IMI M			2,338,971			**			42,481,788
*		BTC EQUITY INDEX J			13,771,254			**			390,866,742
*		BTC RUSSELL 3000 M			4,861,016			**			168,082,280
*		BTC US DEBT INDEX M			3,512,572			**			42,183,532
*		COHEN & STEERS US REALTY SHARES B			2,125,980			**			45,495,963
*		EARNEST SMID CP CORE			445,356			**			7,299,378
*		LS CORE PL FXINC D			2,696,808			**			44,389,466
*		PIMCO DIVERSIFIED REAL ASSET TRUST			686,482			**			12,912,734
*		VANGUARD TARGET RETIREMENT 2020 TRUST PLUS			372,413			**			27,458,025
*		VANGUARD TARGET RETIREMENT 2025 TRUST PLUS			3,046,120			**			247,923,694
*		VANGUARD TARGET RETIREMENT 2030 TRUST PLUS			1,637,924			**			144,776,061
*		VANGUARD TARGET RETIREMENT 2035 TRUST PLUS			4,233,378			**			405,684,654
*		VANGUARD TARGET RETIREMENT 2040 TRUST PLUS			978,547			**			100,242,322
*		VANGUARD TARGET RETIREMENT 2045 TRUST PLUS			3,178,990			**			340,342,709
*		VANGUARD TARGET RETIREMENT 2050 TRUST PLUS			867,599			**			94,360,052
*		VANGUARD TARGET RETIREMENT 2055 TRUST PLUS			1,332,663			**			144,713,901
*		VANGUARD TARGET RETIREMENT 2060 TRUST PLUS			690,741			**			45,174,489
*		VANGUARD TARGET RETIREMENT 2065 TRUST PLUS			684,672			**			27,653,891
*		VANGUARD TARGET RETIREMENT 2070 TRUST PLUS			166,034			**			4,062,855
*		VANGUARD TARGET RETIREMENT INCOME TRUST PLUS			1,193,104			**			66,873,496
*		RUSSELL 2000 ALPHA TILTS FUND F			2,651,644			**			58,762,814
*		SSBK GOVERNMENT STIF FUND (US LARGE CAP GROWTH FUND)			4,064,940			**			4,064,940
*		SSBK STIF FUND (SMALL MID CAP GROWTH FUND)			60,906			**			60,906
		Total Collective Trust Funds						—		$	2,504,711,886
		Registered Investment Companies:
*		AF EUROPAC GROWTH R6			1,299,201			**		$	69,793,086
*		EATON VANCE FLOATING-RATE & HIGH INCOME FUND R6			2,574,760			**			21,370,510
*		JPM EQUITY INCOME R6 FUND			5,116,428			**			122,487,297
*		VANGUARD VMMR-FED MONEY MARKET			161,965,845			**			161,965,845
*		FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. PARTICIPANT-DIRECTED)			2,707,470			**			2,707,470
*		FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. NONPARTICIPANT-DIRECTED)			14,903,037			$14,903,037			14,903,037
*		FIDELITY INSTITUTIONAL CASH PORTFOLIO (MANAGED INCOME FUND)			2,554,876			**			2,554,876
		Total Registered Investment Companies						$14,903,037		$	395,782,121
		U.S. Treasury Notes:
		UST NOTES 3.375% 09/15/2027			3,616,200			**		$	3,570,234
		UST NOTES 3.5% 01/31/2028			2,324,500			**			2,305,262
		UST NOTES 3.5% 04/30/2028			4,693,900			**			4,604,159
		UST NOTES 3.625% 03/31/2028			3,125,100			**			3,089,738
		UST NOTES 3.625% 05/31/2028			1,832,500			**			1,798,201
		UST NOTES 3.625% 08/31/2029			2,358,800			**			2,312,486
		UST NOTES 3.75% 08/15/2027			7,173,000			**			7,183,469
		UST NOTES 4% 01/31/2029			3,176,100			**			3,185,759
		UST NOTES 4% 02/29/2028			4,940,400			**			4,962,623
		UST NOTES 4% 06/30/2028			2,972,700			**			2,942,292
		UST NOTES 4% 07/31/2029			5,083,000			**			5,089,589
		UST NOTES 4.125% 02/15/2027			7,779,400			**			7,879,409
		UST NOTES 4.125% 10/31/2027			3,645,100			**			3,656,471
		UST NOTES 4.125% 10/31/2029			1,837,500			**			1,829,320
		UST NOTES 4.25% 02/28/2029			2,681,500			**			2,707,689
		UST NOTES 4.5% 05/31/2029			9,868,500			**			9,954,696
		UST NOTES 4.625% 09/15/2026			7,854,100			**			8,009,254
		UST NOTES 4.875% 10/31/2028			5,456,600			**			5,600,292
		Total U.S. Treasury Notes						—		$	80,680,943
		Government Agency Notes:
		CA ST 2.40% 10/1/2025			440,000			**		$	436,256
		Total Government Agency Notes						—		$	436,256

 

12

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

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

DECEMBER 31, 2024

 

(a)		(b) Identity of issue, borrower, lessor, or similar party		(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value				(d) Cost		(e) Current value
		Mortgage Backed Securities:
		BENCHMARK MORTGAGE TRUST 2018-B7 A2 4.377% 05/15/2053			260,658			**		$	259,600
		BENCHMARK MTG TR 2018-B2 A2 3.6623% 02/15/2051			9,087			**			8,975
		BENCHMARK MTG TR 2018-B8 A2 4.149% 01/15/2052			95,916			**			95,572
		BX 2021-BXMF TSFR1M+75.041 10/15/2026 144A			241,600			**			241,130
		BX COML MTG TR 2024-GPA3 A TSFR1M+149.25 12/15/2029 144A			33,000			**			33,085
		BX COMMERCIAL MORTGAGE TRUST 2021-PAC TSFR1M+80.358 21 10/15/2036 144A			325,000			**			324,173
		BX COMMERCIAL MORTGAGE TRUST 22-LP2 A TSFR1M+96.27 02/15/2039 144A			282,812			**			283,622
		BX TR 2021-ACNT TSFR1M+96.448 11/15/2026 144A			274,473			**			274,911
		CITIGROUP COML MTG TR 2016-GC36 AAB 3.368% 02/10/2049			51,865			**			51,655
		ELP COMMERCIAL MORTGAGE TRUST 2021-ELP TSFR1M+81.548 1 11/15/2036 144A			443,484			**			444,298
		FEDERAL HOME LN MTG MLT CTF GT 2019-4872 AB 4% 08/15/2047			140,660			**			138,593
		FEDERAL HOME LN MTG MLT CTF GT 3% 07/25/2039			212,930			**			197,925
		FEDERAL HOME LN MTG MLT CTF GT 3.0% 05/15/2045			106,362			**			100,088
		FEDERAL HOME LN MTG MLT CTF GT 4% 07/15/2047			138,405			**			135,915
		FEDERAL HOME LN MTG MLT CTF GT 4847 CA 3.5% 11/15/2045			69,460			**			68,527
		FEDERAL HOME LN MTG MLT CTF GT 5.0% 02/15/2040			32,628			**			32,695
		FEDERAL HOME LN MTGE CORP 4765 QA 3% 02/15/2046			231,953			**			217,705
		FEDERAL NAT MTG ASN GTD REM 2011-26 PA 4.5% 04/25/2041			61,919			**			60,993
		FEDERAL NAT MTG ASN GTD REM 2017-97 P 3% 01/25/2047			221,688			**			204,222
		FEDERAL NAT MTG ASN GTD REM PA 1.85% 05/25/2033			142,773			**			130,264
		FEDERAL NAT MTG ASN GTD REM PA 2% 06/25/2035			337,703			**			314,473
		FEDERAL NAT MTG ASN GTD REM PA 2.5% 05/25/2045			264,617			**			243,524
		FEDERAL NAT MTG ASN GTD REM PA 2.5% 10/25/2039			157,544			**			141,450
		FEDERAL NAT MTG ASN GTD REM PA 2017-11 HA 3.5% 12/25/2045			204,323			**			194,539
		FEDERAL NAT MTG ASN GTD REM PA 2018-3 LP 3% 02/25/2047			337,918			**			314,680
		FEDERAL NAT MTG ASN GTD REM PA 2019-14 DA 4% 03/25/2048			98,860			**			95,851
		FEDERAL NAT MTG ASN GTD REM PA 2019-38 AB 3% 07/25/2039			276,496			**			256,189
		FEDERAL NAT MTG ASN GTD REM PA 3% 03/25/2048			469,589			**			436,831
		FEDERAL NAT MTG ASN GTD REM PA 3.0% 04/25/2044			63,430			**			60,521
		FEDERAL NAT MTG ASN GTD REM PA 3.5% 02/25/2046			97,855			**			96,435
		FEDERAL NAT MTG ASN GTD REM PA 4% 11/25/2048			121,216			**			114,830
		FEDERAL NATL MTG AS GTD RE PTT 2016-105 PA 3.5% 04/25/2045			94,972			**			91,774
		FEDERAL NATL MTG AS GTD RE PTT 2018-11 LA 3.5% 07/25/2045			125,353			**			121,466
		FHLG 7.50% 7/34 #G02115			15,134			**			15,867
		FHLG 15YR 2.5% 01/01/2028#SB0799			41,647			**			40,877
		FHLG 15YR 2.5% 12/01/2031#SB0093			255,313			**			242,175
		FHLG 15YR 3% 03/01/2033#SB0181			467,317			**			446,769
		FHLG 15YR 3% 05/01/2033#G16550			185,051			**			176,996
		FHLG 20YR 3% 11/01/2033#G30872			167,408			**			158,086
		FHLG 20YR 3.5% 06/01/2032#C91456			133,455			**			128,474
		FHLG 20YR 3.5% 07/01/2032#G31067			69,102			**			66,553
		FHLG 25YR 5.50% 7/35 #G05815			9,112			**			9,355
		FHLG 5.50% 3/34 #G01665			14,393			**			14,779
		FHLG 5.50% 5/34 #Z40042			104,242			**			106,918
		FNMA 6.50% 7/32 #545762			2,179			**			2,265
		FNMA 6.50% 7/35 #745092			2,416			**			2,520
		FNMA 6.50% 12/32 #735415			2,205			**			2,293
		FNMA 15YR 2% 02/01/2028#FS3865			50,151			**			48,726
		FNMA 15YR 2.5% 01/01/2028#FS3867			47,746			**			46,795
		FNMA 15YR 2.5% 01/01/2029#			87,199			**			84,849
		FNMA 15YR 2.5% 10/01/2031#AS8010			110,281			**			104,730
		FNMA 15YR 3% 02/01/2033#BM5108			595,511			**			569,856
		FNMA 15YR 3% 12/01/2032#BM5109			560,923			**			539,755
		FNMA 15YR 3.5% 02/01/2033#FM9794			73,779			**			72,370
		FNMA 15YR 3.5% 09/01/2029#AL5878			41,662			**			41,061
		FNMA 15YR 3.5% 11/01/2030#AL7688			38,253			**			37,653
		FNMA 15YR 3.5% 12/01/2028#AV1907			3,522			**			3,472
		FNMA 15YR 4% 02/01/2034#FM3001			306,519			**			298,228
		FNMA 15YR 4% 03/01/2034#FM2867			679,773			**			661,387
		FNMA 15YR 4.5% 11/01/2025#AL8242			268			**			268
		FNMA 20YR 2.5% 01/01/2033#AL2974			46,500			**			43,363
		FNMA 20YR 2.5% 01/01/2033#AL2975			58,240			**			54,270

 

13

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

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

DECEMBER 31, 2024

 

(a)		(b) Identity of issue, borrower, lessor, or similar party		(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value				(d) Cost		(e) Current value
		FNMA 20YR 2.5% 01/01/2033#AL2976			32,994			**			30,701
		FNMA 20YR 2.5% 01/01/2033#AL2982			37,856			**			35,302
		FNMA 20YR 3.00% 11/32 #MA1237			483,836			**			457,068
		FNMA 20YR 4.5% 03/01/2039#FM1774			32,032			**			31,167
		FNMA 20YR 4.5% 06/01/2039#FM1045			16,365			**			15,923
		FNMA 20YR 4.5% 08/01/2039#FM1353			44,964			**			43,764
		FNMA 5.50% 11/34 #310105			74,310			**			76,127
		FNMA 6.50% 12/35 #AD0723			12,479			**			13,001
		FNMA 6.50% 7/32 #545759			3,840			**			3,993
		FNMA 6.50% 8/36 #888034			2,732			**			2,845
		FNMA 6.50% 8/36 #888544			10,739			**			11,187
		FNMA 6.50% 8/36 #AE0746			9,085			**			9,462
		FNMA GTD MTG PASS THRU CTF 3.5% 10/25/2044			139,841			**			136,906
		FNR 2013-16 GP 3% 1/1/33			26,293			**			25,772
		FNR 2015-42 LE 3.0% 06/25/45			144,674			**			137,181
		FNR 2015-49 LE 3% 07/45			118,335			**			112,057
		FNR 2015-54 GA 2.5% 07/25/2045			81,703			**			77,833
		FNR 2016-19 AH 3% 04/46			123,353			**			116,288
		FNR 2016-26 CG 3% 05/46			323,509			**			305,171
		FNR 2016-34 GH 3% 06/46			297,621			**			281,914
		FNR 2016-37 BK 3% 06/25/46			345,059			**			326,296
		FNR 2017-20 AP 3.5% 03/25/2045			235,187			**			226,822
		FNR 2018-16 NB 3.25% 12/25/2044			12,868			**			12,787
		FREDDIE MAC REMICS 2018-4766 MA 3.5% 02/15/2046			214,826			**			207,707
		FREDDIE MAC REMICS 3% 10/25/2048			232,160			**			211,820
		GS MTG SECS TR 2015-GC32 AAB 3.513% 07/10/2048			14,334			**			14,343
*		JPMCC COML MTG SECS TR 2016-JP4 A2 2.984% 12/15/2049			30,458			**			29,814
		LIFE FINANCIAL SERVICES TRUST 2022 TSFR1M+129.52405/15/2039 144A			459,000			**			449,906
		MSBAM 2016-C28 3.272% 01/15/49			135,491			**			134,221
		OPG TR 2021-PORT TSFR1M+59.848 8 10/15/2036 144A			421,109			**			420,523
		SREIT TR 2021-MFP TSFR1M+84.528 08 11/15/2038 144A			284,188			**			284,625
		TAUBMAN CENTERS COMMERCIAL MORTGAGE TRUST 24-DPM ATSFR1M+139.27 12/15/2039 144A			111,000			**			111,178
		WFCM 2016-C34 A2 2.603% 06/49			30,891			**			30,899
		Total Mortgage Backed Securities						—		$	14,191,824
		Asset Backed Securities:
		ALLY AUTO RECEIVABLES TRUST 2024-1 5.08% 12/15/2028			74,000			**		$	74,689
		AMERICAN EXPRESS CR ACC MST TR 4.87% 05/15/2028			281,000			**			283,089
		AMERICAN EXPRESS CR ACC MST TR 5.23% 04/15/20292029			400,000			**			407,007
		AMERICAN EXPRESS CR ACC MST TR 5.23% 09/15/20288			544,000			**			552,187
		BA CR CARD TR 4.79% 05/15/2028			203,000			**			204,320
		BA CR CARD TR 4.98% 11/15/2028			246,000			**			248,914
		BMW VECHILE OWNER TRUST 2023-A 5.47% 02/25/2028			73,000			**			73,737
		CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2023-2 5.82% 06/15/2028			422,000			**			430,631
		CARMAX AUTO OWNER TR 2023-2 5.05% 01/18/2028			544,000			**			547,671
		CARMAX AUTO OWNER TR 2023-4 6% 07/17/2028			82,000			**			83,690
		CARMAX AUTO OWNER TR 2024-2 5.5% 01/16/2029			51,000			**			51,937
		CARMAX AUTO OWNER TRUST 2024-1 4.92% 10/16/2028			181,000			**			182,382
		CARMX 2023-3 A3 5.28% 05/15/2028			340,000			**			343,673
		CHASE ISSUANCE TR 5.08% 09/15/2030			576,000			**			586,704
		CHASE ISSUANCE TR 5.16% 09/15/2028			635,000			**			643,893
		CITIBANK CR CARD ISSUANCE TR 5.23% 12/08/2027027			189,000			**			190,857
		CITIZENS AUTO RECEIVABLES TRUST 2024-2 5.33% 08/15/2028 144A			84,000			**			85,111
		DAIMLER TRUCKS RETAIL TRUST 2024-1 5.49% 12/15/2027			240,000			**			243,625
		DELL EQUIP FIN TR 2023-2 5.65% 01/22/2029 144A			160,000			**			161,186
		DELL EQUIPMENT FINANCE TRUST 2023-3 5.93% 04/23/2029 144A			215,000			**			218,140
		DELL EQUIPMENT FINANCE TRUST 24-1 5.39% 03/22/2030144A			113,000			**			114,408
		DLLAA 2023-1A 5.64% 02/22/2028 144A			39,000			**			39,651
		DLLAD 2024-1 LLC 5.3% 07/20/2029 144A			21,000			**			21,311
		DLLMT 2024-1 LLC 4.84% 08/21/2028 144A			127,000			**			127,499
		FORD CR FLOORPLN MAST OWN TR A 4.92% 05/15/2028 144A			344,000			**			346,391
		FORD CR FLOORPLN MAST OWN TR A 5.29% 04/15/2029 144A			335,000			**			340,341
		FORD CREDIT AUTO OWNER TRUST 2023-B 5.23% 05/15/2028			308,000			**			311,389
		GM FINANCIAL LEASING TRUST 2023-3 5.38% 11/20/20266			40,000			**			40,275

 

14

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

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

DECEMBER 31, 2024

 

(a)		(b) Identity of issue, borrower, lessor, or similar party		(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value				(d) Cost		(e) Current value
		GM FINANCIAL SECURITIZED TERM AUTO RECEIVABLES TR2023-4 5.78% 08/16/2028			348,000			**			354,720
		GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2023-24.47% 02/16/2028			141,000			**			141,258
		GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2023-35.45% 06/16/2028			83,000			**			84,084
		GMF FLOORPLAN OWNER REVOLVING TR 5.34% 06/15/2028144A			455,000			**			461,192
		HAROT 2023-4 5.67% 06/21/2028			302,000			**			307,269
		HUNTINGTON AUTO TR 2024-1 5.23% 01/16/2029 144A			459,000			**			464,752
		HYUNDAI AUTO RECEIVABLES TR 2024-A 4.99% 02/15/2029			76,000			**			76,729
		HYUNDAI AUTO RECEIVABLES TRUST 2023-A 4.58% 04/15/2027			160,508			**			160,886
		HYUNDAI AUTO RECEIVABLES TRUST 2023-B 5.48% 04/17/2028			84,000			**			85,122
		HYUNDAI AUTO RECEIVABLES TRUST 2023-C 5.54% 10/16/2028			249,000			**			253,274
		MERCEDES-BENZ AUTO LEASE TRUST 2024-A 5.32% 01/18/2028			75,000			**			76,065
		MERCEDES-BENZ AUTO RECEIVABLES TR 2023-2 5.95% 11/15/2028			193,000			**			197,068
		NISSAN AUTO RECEIVABLES 2023-B OWNER TR 5.93% 03/15/2028			230,000			**			234,291
		NISSAN MASTER OWNER TR RECEIVABLE 5.05% 02/15/2029144A			133,000			**			134,154
		PORSCHE FINL AUTO SECURITIZATION TR 2023 5.79% 01/22/2029 144A			183,000			**			184,820
		TESLA 2024-A A3 5.3% 06/21/2027 144A			170,000			**			171,265
		TOYOTA AUTO RECEIVABLES 2023-D OWNER TR 5.54% 08/15/2028			247,000			**			251,229
		USAA AUTO OWNER TRUST 2023-A 5.58% 05/15/2028 144A			458,000			**			463,494
		VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2023-1 5.02% 06/20/2028			231,000			**			232,685
		VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2023-2 5.48% 12/20/2028			286,000			**			291,134
		WELLS FARGO CARD ISSUANCE TRUST 4.94% 02/15/2029029			398,000			**			402,627
		WORLD OMNI AUTO RECEIVABLES TR 2023-D 5.79% 02/15/2029			276,000			**			281,553
		WORLD OMNI AUTO RECEIVABLES TR 2024-A 4.86% 03/15/2029			466,000			**			469,072
		WORLD OMNI AUTO RECEIVABLES TR 2024-B 5.27% 09/17/2029			175,000			**			177,612
		WORLD OMNI AUTO RECEIVABLES TRUST 2023-C 5.15% 11/15/2028			49,000			**			49,461
		WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TR 2024-A 5.26% 10/15/2027			167,000			**			169,298
		Total Asset Backed Securities						—		$	13,129,822
		Corporate Bonds:
		MORGAN STANLEY BK NA SALT LAKE 4.968%/VAR 07/14/2028			284,000			**		$	291,283
		7 ELEVEN INC 0.95% 02/10/2026 144A			229,000			**			219,862
		7 ELEVEN INC 1.3% 02/10/2028 144A			286,000			**			255,305
*		BANK NEW YORK MELLON CORP 4.414%/VAR 07/24/2026			510,000			**			518,493
		BANK OF AMERICA CORPORATION 2.551%/VAR 02/04/2028			700,000			**			674,648
		BANK OF AMERICA CORPORATION 3.559%/VAR 04/23/2027			510,000			**			505,300
		BANK OF AMERICA CORPORATION 4.948%/VAR 07/22/2028			800,000			**			819,216
		BANK OF MONTREAL QUE 0.949%/VAR 01/22/2027			810,000			**			781,375
		BANK OF MONTREAL QUE 5.37% 06/04/2027			360,000			**			366,754
		BANK OF NOVA SCOTIA 4.404%/VAR 09/08/2028			420,000			**			421,504
		BANQUE FED CRED MUTUEL PARIS 1.604% 10/04/2026 144A			510,000			**			483,839
		BANQUE FED CRED MUTUEL PARIS 5.194% 02/16/2028 144A			300,000			**			308,529
		CANADIAN IMPERIAL BK OF COMM 3.45% 04/07/2027			800,000			**			784,407
		CANADIAN IMPERIAL BK OF COMM 5.237% 06/28/2027			300,000			**			303,344
		EQUINOR ASA 1.75% 01/22/2026			120,000			**			117,429
		GUARDIAN LIFE GLOBAL FUNDING 1.4% 07/06/2027 144A			800,000			**			743,036
*		JPMORGAN CHASE & CO 1.47%/VAR 09/22/2027			730,000			**			693,545
*		JPMORGAN CHASE & CO 2.947%/VAR 02/24/2028			604,000			**			587,296
*		JPMORGAN CHASE & CO 4.851%/VAR 07/25/2028			500,000			**			510,382
*		JPMORGAN CHASE & CO 5.7%/VAR 04/22/2028			255,000			**			262,102
		MASSMUTUAL GLOBAL FDG II 5.1% 04/09/2027 144A			412,000			**			421,618
		MET TOWER GLOBAL FUNDING 4% 10/01/2027 144A			150,000			**			148,971
		META PLATFORMS INC 4.55% 08/15/2031			420,000			**			420,802
		METROPOLITAN LIFE GLBL FDG I 3.45% 12/18/2026 144A			510,000			**			500,025
		PACIFIC LIFE GF II 4.5% 08/28/2029 144A			420,000			**			420,863
		PRICOA GLOBAL FDG I 4.4% 08/27/2027 144A			430,000			**			435,122
		PROTECTIVE LIFE GLOBAL FUNDING 1.618% 04/15/2026 144A			510,000			**			491,793
		RGA GLOBAL FUNDING 2% 11/30/2026 144A			781,000			**			744,232
		RGA GLOBAL FUNDING 5.448% 05/24/2029 144A			213,000			**			217,088
		ROYAL BANK OF CANADA 1.4% 11/02/2026			510,000			**			482,736
*		STATE STREET CORP 2.203%/VAR 02/07/2028			510,000			**			489,322
*		STATE STREET CORP 4.53%/VAR 02/20/2029			203,000			**			204,020
		TORONTO DOMINION BANK 1.25% 09/10/2026			510,000			**			483,776
		TORONTO DOMINION BANK 4.783% 12/17/2029			295,000			**			291,572
		UBS AG LON BRANCH 1.25% 06/01/2026			510,000			**			486,719

 

15