NextEra Energy is the largest U.S. utility holding company by market value, worth roughly $172 billion in September 2026. Its Florida Power & Light subsidiary serves more than 6 million accounts, and NextEra Energy Resources is one of the largest wind, solar and battery storage operators in the world. The group had about 80 GW of net generation and storage capacity at the end of 2025. The company is headquartered in Juno Beach, Florida.
NextEra makes money in two ways. Florida Power & Light earns a regulated return on the generation, transmission and distribution assets it builds for Florida customers; the Florida Public Service Commission sets its base rates and allowed return on equity, so FPL earnings grow as its rate base grows. NextEra Energy Resources develops and owns competitive generation and storage, then sells the electricity and capacity mostly through long-term power purchase agreements with utilities, co-ops and corporate buyers. It also earns from natural gas pipelines, transmission (NextEra Energy Transmission), nuclear plants, and customer supply and trading activities. Federal tax credits on renewable and storage projects are an important part of NEER project economics.