NextEra Energy, Inc. · NYSE:NEE
NextEra Energy — Edison Electric Institute Conference 2026
27 slides from NextEra Energy's conference presentation, November 2026
Slide 1: Edison Electric Institute Conference
Edison Electric Institute Conference NextEra Energy November 2026 NextEra Energy 1
Slide 2: Cautionary Statements and Risk Factors That May Affect Future Results
Cautionary Statements Non-GAAP Financial Other and Risk Factors That May Information See Appendix for definition Affect Future Results This presentation refers to of Adjusted Earnings. certain financial measures that This presentation includes were not prepared in forward-looking statements accordan
Slide 3: NextEra Energy has the team and platform to power America
NextEra Energy has the team and platform to power America ~$277 B Enterprise Value1 ~84 GW in Operations2 Largest electric utility Largest energy infrastructure in the U.S. developer in the U.S. Supply Chain & Buying Power Customer Network Market Knowledge Operating Scale Artificial Intelligence Dat
Slide 4: NextEra Energy's scale and experience across the entire energy value chain
NextEra Energy’s scale and experience across the entire energy value chain position us to lead amid accelerating demand and growing complexity America’s largest energy infrastructure Operates one of America’s largest developer nuclear fleets America’s leading transmission utility Owner and operator
Slide 5: NextEra Energy continues to execute on its 2025 Investor Conference objectives
NextEra Energy continues to execute on its 2025 Investor Conference objectives 2025 Investor Conference Targets through 20321 YTD 2026 Performance Executed Florida Power & Light 9% regulatory capital employed growth 9.2% regulatory capital employed growth Results FPL Large Load 6 GW of Large Load In
Slide 6: Florida Power & Light supports customer growth with smart investments, high reliability and low customer bills
Florida Power & Light supports customer growth with smart investments, high reliability and low customer bills FPL added over 86,000 customers from the prior-year comparable quarter FPL residential bill remains ~37% below the national average1 Top decile reliability that’s more than 60% better than
Slide 7: FPL's rate settlement keeps bills low and supports smart infrastructure investments
FPL’s rate settlement keeps bills low and supports smart infrastructure investments Key Takeaways Four Years of Certainty Top-End ROE Keeping FPL Bills Low 2026–2029 11.95% Equity Ratio Rate Stabilization Mechanism ~2% average annual increase 59.6% on the typical 1,000-kWh bill ~$1.5 B (unchanged) f
Slide 8: FPL makes smart capital investments, delivering low bills for customers
FPL makes smart capital investments, delivering low bills for customers Cost Effectiveness Reliability Continued Smart Investments Residential Customer Bills Non-Fuel O&M1 GOOD SAIDI2 GOOD Capital Employed3 Typical FPL Residential Bill4 $/MWh Average Minutes $B $ per 1,000 kWh GOOD ~71% Lower ~66% L
Slide 9: FPL residential bills are ~20% lower than 20 years ago when adjusted for inflation
FPL residential bills are ~20% lower than they were 20 years ago when adjusted for inflation; FPL NWFL residential bills have decreased ~25% since acquisition Typical FPL Residential Bill Comparison Typical FPL NWFL Residential Bill Comparison1 $ per 1,000 kWh (adj. for inflation) $ per 1,000 kWh (a
Slide 10: Florida's election results and property tax constitutional amendment
Florida's election results reflect a continuity in Republican leadership along with the passage of a property tax constitutional amendment Gubernatorial and Legislative Amendment 3 Expected property tax revenue loss of $4.9 B Byron Donalds (R) elected as the 47th Governor in fiscal year 2027/2028 an
Slide 11: Energy Resources continues to deliver energy infrastructure to help America meet its power needs
Energy Resources continues to deliver energy infrastructure to help America meet its power needs 3.7 GW Backlog 16.5 GW 4.6 GW 1.3 GW $1.9 B >30% Growth in Additions Natural Gas Paducah Hub Recontracted DOE Loan Transmission2 Added 3.7 GW of ~16.5 GW of 4.6 GW at ~1 GW at Point Up to $1.9 B Selected
Slide 12: NextEra Energy Resources is growing its regulated and long-term contracted business
NextEra Energy Resources is growing its regulated and long-term contracted business through multiple opportunities and technologies Renewables, Nuclear and Storage1 Electric & Gas Regulated Transmission 0 >30% >$13 B 2026–2029 Development Expectations ~$10 B ~17.6 GW remaining to meet midpoint Decem
Slide 13: NextEra Energy Resources added 3.7 GW to the backlog during the third quarter
NextEra Energy Resources added 3.7 GW to the backlog during the third quarter NextEra Energy Resources Development Program1 2026–2027 2026–2027 2028–2029 2028–2029 2030–2032 2030–2032 2026–2032 COD & Backlog Expectations Backlog Expectations Backlog Expectations Expectations 3.7 GW of new generation
Slide 14: Federal Hubs de-risk natural gas expectations through 2032
Federal Hubs de-risk natural gas expectations through 2032 and provide upside battery storage growth opportunity Natural Gas Development Battery Storage Upside Opportunity GW GW 2 10 ~15–30% 38–54 6–11 Upside 4–8 8 32–43 6 GW midpoint 2026–2032 Federal Hubs Paducah Hub Federal Hubs + 2026–2032 Feder
Slide 15: NextEra Energy remains well positioned to continue strong adjusted EPS growth
NextEra Energy remains well positioned to continue our strong adjusted earnings per share growth NextEra Energy’s Financial Expectations1 Adjusted Earnings Per Share Expectations 2025–2035E Expect 8%+ CAGR through 2032 off 2025 8%+ Long-term adjusted EPS2 Target2 8%+ Long-term Expectations2 Targetin
Slide 16: The combination of NextEra Energy and Dominion Energy will drive affordability and create local jobs
The combination of NextEra Energy and Dominion Energy will drive affordability, create local jobs and deliver all forms of energy infrastructure Long Term Customer Benefits Co-Headquarters Career Opportunities Richmond, Virginia Co-Headquarters Dominion VA/NC and Buy More Efficiently Dominion SC mai
Slide 17: NextEra Energy and Dominion Energy merger expected to close in second half of 2027
Subject to regulatory approvals, we expect the NextEra Energy and Dominion Energy merger to close in the second half of 2027 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 Transaction Federal regulatory applications / regulatory approval process1: Announcement FERC, NRC, HSR State regulator
Slide 18: Appendix
Appendix NextEra Energy | 18
Slide 19: Combined company expected to deliver a compelling long-term shareholder value proposition
Best-in-class shareholder value We expect the combined company will deliver a proposition compelling long-term shareholder value One of the highest target proposition adjusted EPS growth rates6 NextEra Energy + Dominion 15+ ways to grow NextEra Energy 9%+ 8%+ Long-Term Adj. EPS CAGR Target1 Largest
Slide 20: NextEra Energy is well positioned to navigate the current interest rate environment
NextEra Energy is well positioned to navigate the current interest rate environment Interest Rate Sensitivity Estimated Adjusted EPS Impact of +50 bps Interest Rate Increase1 2026 2027 2028 $0.00–($0.01) $0.00–($0.02) ($0.01)–($0.03) NextEra Energy’s notional interest rate hedges total $48.6 B2 1. I
Slide 21: Reconciliation of GAAP Net Income to Adjusted Earnings (Nine Months 2026)
Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Nine Months Ended September 30, 2026) Energy Corporate NextEra (millions, except per share amounts) FPL Resources & Other Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 4,493 $ 4,143 $
Slide 22: Reconciliation of GAAP Net Income to Adjusted Earnings (Nine Months 2025)
Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Nine Months Ended September 30, 2025) Energy Corporate NextEra (millions, except per share amounts) FPL Resources & Other Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 4,054 $ 2,430 $
Slide 23: Reconciliation of GAAP Net Income to Adjusted Earnings (Twelve Months 2025)
Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Twelve Months Ended December 31, 2025) Energy Corporate NextEra (millions, except per share amounts) FPL Resources & Other Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 5,012 $ 2,975
Slide 24: Definitional information
Definitional information NextEra Energy, Inc. Adjusted Earnings Expectations (including subsidiaries as applicable) This presentation refers to adjusted earnings per share expectations. NextEra Energy does not provide a quantitative reconciliation of forward-looking adjusted earnings per share to ea
Slide 25: Cautionary Statement
Cautionary Statement This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of
Slide 26: Cautionary Statement
Cautionary Statement production or unsuccessful drilling efforts could impact NextEra Energy Resources, LLC’s (NextEra Energy Resources) natural gas and oil production operations and cause NextEra Energy Resources to delay or cancel certain natural gas and oil production projects and could result in
Slide 27: Cautionary Statement
Cautionary Statement No Offer or Solicitation This presentation is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer,
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