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Profile 2 013 Delivering For You The 43 giant wind turbines at NextEra Energy’s Mower Wind Energy Center in southeastern Minnesota can generate enough electricity to power 33,000 homes. The company is the largest generator in North America of renewable energy from the wind and sun. Delivering Leadership NextEra Energy Highlights (2012): Next Era Energy was named No. 1 Operating revenues ........................................................................... $14.3 billion overall among electric and gas Net income .......................................................................................... $1.9 billion utilities on Fortune magazine’s 2013 list of the World’s Most Earnings Per Share (assuming dilution) ....................................................... $4.56 Admired Companies. The company was named tops in its industry Adjusted Earnings Per Share (assuming dilution) ........................................ $4.57 for an unprecedented seventh Cash Flows from Operating Activities .................................................. $4.0 billion straight year. Only six other companies – Northwestern Mutual, Total Assets ......................................................................................$64.4 billion General Electric, Procter & Gamble, Total Generating Capacity ...................................................................42,179 MW Berkshire Hathaway, Walt Disney and Nestlé – have been named Employees (year end) ................................................................................ 14,800 No. 1 in their industries longer than NextEra Energy has in the electric power sector. Reconciliation of Adjusted Earnings Per Share to GAAP Earnings Per Share 2011 2012 For the fourth straight year, NextEra Earnings Per Share (assuming dilution) $4.59 $4.56 Energy in 2012 was named to the Dow Jones Sustainability index Adjustments: (DJSI) of the leading companies Net unrealized mark-to-market in North America for corporate (gains) losses associated with non-qualifying hedges (0.45) 0.08 sustainability. The DJSI North America selects the top 20 percent Loss on sale of natural gas-fired generating assets 0.24 — of companies in sustainability performance from the 600 largest Loss (income) from other than temporary impairment losses – net 0.01 (0.07) companies in North America. Adjusted Earnings Per Share $4.39 $4.57 For an industry-record ninth consecutive year, Florida Power ENVIROnmentaL attRIBUTES The environmental or green attributes attributable to the electric generation from NextEra & Light Company (FPL) earned Energy facilities have been or likely will be sold or transferred to third parties, who are solely entitled to the reporting rights to all renewable energy credits, emissions reductions, offsets, the ServiceOne Award, which allowances and the avoided emission of greenhouse gas pollutants that contribute to the is presented annually by PA actual or potential threat of altering the Earth’s climate by trapping heat in the atmosphere (collectively, “Environmental Attributes”). In disclosing the information herein, NextEra Energy is Consulting Group. The honor is not claiming ownership of any Environmental Attributes for any purpose, including compliance with any federal or state law or reporting to any federal or state agency, or for any other present based on criteria that compare or future federal, state, local, international, foreign or voluntary emissions trading program. utilities across the United States and cover nearly all the areas typically found within utility customer service operations. FORTUNE is a registered trademark of Time Inc. and is used under license. From FORTUNE Magazine, March 18, 2013 ©2013 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, Licensee. On the cover: Preparing for another day of safely maintaining wind turbines at the Mower Wind Energy Center in Mower County, Minn., are (left to right): wind technicians Brian Churchill, David Merritt and Edward Kellogg. Cover photo by: Pedro Portal NextEra Energy, Inc. Delivering Strong Performance NextEra Energy, Inc. (NYSE: NEE) is a leading clean-energy company with 2012 consolidated revenues of approximately $14.3 billion, more than 42,000 megawatts (MW) of generating capacity, and nearly 15,000 employees in 26 states and Canada as of year-end 2012. Headquartered in Juno Beach, Fla., NextEra Energy’s principal subsidiaries are Florida Power & Light Company (FPL), which serves approximately 4.6 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC which, together with its affiliated entities (NextEra Energy Resources), is the largest generator in North America of renewable energy from the wind and sun. Through its subsidiaries, NextEra Energy also generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. In the five years through 2012, NextEra Delivering Strong Delivering Clean Energy Energy has invested more than $31 Financial Performance » No. 1 wind energy generator in the billion in capital projects. These United States investments, in turn, delivered jobs » Achieved record adjusted earnings 1 that are a key ingredient for economic per share of $4.57 in 2012 − a » A leading generator of solar power growth and prosperity. NextEra Energy 4.1 percent increase over 2011 in the United States also makes tax payments to counties » Generated a total shareholder return » One of the lowest emissions and municipalities around the nation that over the 10 years ended Dec. 31, 2012 profiles among U.S. electric power help fund local needs such as education, of 228 percent, compared with 170 companies health care and emergency services. percent for the S&P 500 Utilities Index » FPL’s demand-side management » Ranked 172 on the 2012 Fortune 500, programs have saved the company the annual ranking of America’s from having to build 14 medium- largest corporations sized power plants since 1981 NextEra Energy’s NextEra 2.04 NextEraNextEra 2.04NextEra Energy’sNextEra 1.01 2.04NextEra 1.01NextEraNextEra NextEra1,1551.01 Energy’sNextEra 1,155 NextEra 1,155 Energy Energy EnergyEnergy Energy EnergyEnergy Energy Energy SO2 Emissions Rate* NOx Emissions Rate* CO2 Emissions Rate* 94 % 94 % 77 94 % % 77 % 48 77 % % 48 % 48 % 94 Percent Lower Less Less77 PercentLess LessLower Less LessLess 48 PercentLess Lower Less than Industry Average than Industry Average 600 than Industry600 Average 600 Lbs per megawatt-hour Lbs per megawatt-hour Lbs per megawatt-hour 2012 2012 .23 .23 .23 2012 .13 .13 .13 Source for Electric Sector: NextEra U.S. Electric NextEraSource forU.S. Electric ElectricNextEra Sector:NextEra U.S. ElectricU.S. ElectricNextEra U.S. ElectricNextEra NextEra SourceU.S. U.S.Electric for Electric Electric NextEra Sector: U.S. Electric NextEra U.S. Electric U.S. Department of Energy Energy Sector Average EnergyU.S. DepartmentSector AverageEnergy of EnergySector AverageSector AverageEnergy Sector AverageEnergyEnergy U.S.SectorSector Department Average AverageEnergy of Energy Sector AverageEnergy Sector Average NextEra Energy Power Generation* NextEra Energy Total Installed Capacity* 42,678 42,588 42,179 2012 Megawatts 41,066 37,678 39,015 Fuel Type MWhs % of Total 34,324 32,830 Natural Gas 100,883,004 58.9 30,097 30,460 Nuclear 36,924,025 21.6 24,891 Wind 25,795,610 15.1 Coal 4,984,859 2.9 Hydro 1,593,432 .9 Solar 524,380 .3 Oil 522,065 .3 TOTAL 171,227,375 100 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 *See inside front cover for discussion of Environmental Attributes. * NextEra Energy’s 2010 through 2012 generating capacity summary includes certain plant assets either retired for modernization or sold Excludes purchased power. 1 See inside front cover for Reconciliation of Adjusted Earnings per Share to GAAP Earnings per Share. PROFILE 1 Florida Power & Light Company Delivering Affordable, Reliable, Clean Energy FPL is the largest rate-regulated electric utility in Florida and one of the largest in the United States. FPL serves approximately 4.6 million customer accounts in Florida and is a leading employer in the state with approximately 10,000 employees. Most Affordable Electric Units (BTUs) of heat from fuel to produce One of the Cleanest Utilities one kilowatt-hour (kWh) of electricity, or Service in Florida FPL uses a diverse mix of fuels at its power approximately 24 percent less than the fossil plants to generate reliable electricity and Because we have invested in smart, cost- industry average of 10,040 BTUs in 2011, has one of the lowest emissions profiles efficient technologies and worked hard to the latest data available. Since 2001 alone, among U.S. utilities. In 2012, 78 percent keep operating costs down, FPL’s typical FPL’s investments in making its power plants residential customer bills continued to be more efficient have saved its customers an of the electricity generated by FPL was the lowest of the state’s 55 electric utilities estimated $6 billion in fuel costs. produced from clean natural gas. Nuclear in 2012, and 26 percent lower than the power, which produces no greenhouse gas latest national average. Our business The Best Reliability emissions, was responsible for another customers also had lower-than-average bills. 16 percent of power production. FPL also in the State Since 2006, FPL’s typical residential operates three commercial-scale solar FPL continued to deliver reliable