Slide 1: Wolfe Research Conference Presentation
Wolfe Research Conference Presentation NextEra Energy October 2026 NextEra Energy 1
Slide 2: Cautionary Statements and Non-GAAP Financial Information
Cautionary Statements and Non-GAAP Financial Other Risk Factors That May Affect Information See Appendix for definition of Future Results This presentation refers to Adjusted Earnings. This presentation includes certain financial measures that forward-looking statements were not prepared in within t
Slide 3: Since the Q2 call, NextEra Energy advanced over 20 GW of projects
Since the Q2 call, NextEra Energy advanced over 20 GW of projects, recontracted ~1 GW at Point Beach, secured DOE loan for Duane Arnold and formed a joint venture for a ~$1.2 B pipeline 10 GW 6.5 GW 4.6 GW 1 GW $1.9 B $1.2 B of Natural Gas 3 Federal Hub rd Paducah Hub Recontracted DOE Loan Pipeline
Slide 4: Strong progress on its ways to grow since Investor Conference
NextEra Energy has made strong progress on its 12 ways to grow since its Investor Conference in December 2025 Regulated Businesses Long-Term Contracted Businesses Customer Supply & AI FPL Renewables + Storage Gas – Federal Hubs Customer Supply 9.3% regulatory capital ~2/3 of ’26–’29 development ~8 G
Slide 5: Federal Hubs create attractive long-term EPS profile
Federal Hubs create attractive long-term EPS profile Federal Hubs require no capital commitment from NextEra Energy and earn attractive fees with no EPS drag Illustrative Federal Hub EPS Profiles Average Annual Adjusted EPS per GW EPS contribution from these projects post-COD is ~50% of an Energy Re
Slide 6: 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 7: 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 9.3% regulatory capital employed growth YTD Results FPL Large Load 6 GW of Large Loa
Slide 8: FPL residential bills are 37% below national average
FPL residential bills are 37% below national average and among the lowest of U.S. IOUs; FPL NWFL residential bills have decreased ~25% since acquisition FPL’s Unmatched Value Proposition Typical FPL NWFL Residential Bill Comparison5 $ per 1,000 kWh (adj. for inflation) Bills Reliability $188.96 37%
Slide 9: Combining NextEra Energy and Dominion Energy would create America's leading utility
Combining NextEra Energy and Dominion Energy would create America’s leading utility business and energy infrastructure company providing long- term affordability benefits to customers through improved scale and efficiency Generation and Storage1 Regulated Capital Growth2 Adjusted EPS Expectations GW
Slide 10: NEXTe@ra’
NEXTe@ra’ ENERGY 2
Slide 11: Appendix
Appendix NeExTera’ ENERGY
Slide 12: 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 13: Energy Resources growing regulated and long-term contracted business
NextEra Energy Resources is growing its regulated and long-term contracted business through multiple opportunities and technologies Renewables 0and Storage1 Electric & Gas Regulated Transmission ~25% ~$12.7 B 2026–2029 Development Expectations ~$10 B ~18 GW remaining to meet midpoint ~12 GW added to
Slide 14: Combined company 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 15: Well positioned to navigate 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 $46.2 B2 1. I
Slide 16: Reconciliation of GAAP Net Income to Adjusted Earnings (Six Months 2026)
Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Six Months Ended June 30, 2026) Energy Corporate NextEra (millions, except per share amounts) FPL Resources & Other Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 2,874 $ 2,653 $ (201)
Slide 17: Reconciliation of GAAP Net Income to Adjusted Earnings (Six Months 2025)
Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Six Months Ended June 30, 2025) Energy Corporate NextEra (millions, except per share amounts) FPL Resources & Other Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 2,591 $ 1,155 $ (884)
Slide 18: 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 19: 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 20: 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 21: Cautionary Statement
Cautionary Statement a prolonged period of low natural gas and oil prices, disrupted 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 cer
Slide 22: Cautionary Statement
Cautionary Statement Additional Information about the Transactions and Where to Find It In connection with the pending transactions, NextEra Energy has filed with the SEC the Registration Statement, which includes a joint proxy statement of NextEra Energy and Dominion Energy that also constitutes a