Delivered 10% adjusted EPS growth driven by strong operational performance at both FPL and Energy Resources, supported by a 100,000 customer increase at FPL over the last 12 months.
Capitalizing on ‘speed to power’ as a primary competitive advantage, utilizing a common platform to build diverse energy infrastructure across 49 states to meet accelerating electricity demand.
FPL’s value proposition remains centered on affordability and reliability, with residential bills 30% below the national average despite significant capital investments of $90 billion to $100 billion planned through 2032.
Energy Resources achieved a record quarter with 4 gigawatts of new renewables and storage additions to the backlog, reflecting robust demand from both hyperscalers and traditional utilities.
Launched the ‘Rewire’ initiative, an enterprise-wide AI transformation aimed at optimizing power plant performance and grid orchestration to drive further cost efficiencies and top-line growth.
Strategic positioning in the gas transmission market was bolstered by the acquisition of Symmetry Energy Solutions, making NextEra one of the largest gas suppliers in the U.S. with 8 billion cubic feet per day of delivery capacity.
Introduced a ‘Bring Your Own Generation’ (BYOD) model for large load customers to ensure hyperscalers pay for their own infrastructure, protecting existing customers from affordability challenges.
Reaffirmed 2026 adjusted EPS guidance of $3.92 to $4.02, targeting the high end of the range, with a long-term growth target of 8% plus through 2035.
Expects to secure 15 gigawatts of new generation to serve large load by 2035 in the base case, with an upside potential of 30 gigawatts or more through four distinct origination channels.
Projecting the combined electric and gas transmission business at Energy Resources to grow to $20 billion of regulated and investment capital by 2032, representing a 20% CAGR.
Anticipates at least one large load customer will sign up for capacity under FPL’s new large load tariff by the end of 2026, with advanced discussions currently involving 12 gigawatts of interest.
The Duane Arnold nuclear plant remains on track to reenter service by the first quarter of 2029, following the recent NRC approval for license transfer.
Selected by the U.S. Department of Commerce to develop, build, and operate 9.5 gigawatts of new gas-fired generation in Texas and Pennsylvania to serve large load as part of a U.S.-Japan trade deal, with the projects to be owned by the U.S. and Japan.
Secured critical supply chain components, including solar panels and battery storage through 2029 and wind components through 2027, to mitigate potential trade and inflationary impacts.
Utilized $306 million of the rate stabilization mechanism at FPL during the first quarter, leaving a remaining after-tax balance of approximately $1.2 billion.
Announced a collaboration with NVIDIA to explore using data centers as dispatchable resources to increase grid reliability during periods of extreme demand.
