User:NextEraMatt/NextEra draft

NextEra Energy, Inc. (NEE) is an American utility holding company. It is the parent company of Florida Power & Light, the largest electric utility in the United States, and NextEra Energy Resources, the largest producer of renewable energy from wind and solar sources in the world. The two subsidiaries generate approximately 32,000 and 33,800 megawatts of electricity, respectively. Headquartered in Juno Beach, Florida, NEE provides electric power throughout the U.S. and Canada via its subsidiaries. In 2023, the company ranked No. 187 on the Fortune 500 and first among utility companies in Fortune's "Most Admired Companies" list.

Company overview
NextEra Energy is a utility holding company headquartered in Juno Beach, Florida. It is the parent company of Florida Power & Light (FPL) and NextEra Energy Resources (NEER), the largest electric utility in the United States and producer of renewable energy from wind and solar sources in the world, respectively. In 2022, FPL had a net generation capacity of approximately 32,000 megawatts, primarily by natural gas, serving approximately 12 million people in Florida. The same year, NEER had a net generation capacity of approximately 33,800 megawatts with facilities in 40 states and four Canadian provinces. Its power was primarily generated via wind turbine. As of 2022, NEE employed approximately 15,300 people and had $20.9 billion in revenue. John W. Ketchum is chairman, president and chief executive officer. In 2023, the company ranked No. 187 on the Fortune 500 and first among utility companies in Fortune's "Most Admired Companies" list.

History
NextEra Energy traces its origins to 1925 with the formation of Florida Power & Light and the formation of FPL Group in 1984. The company purchased Colonial Penn in 1985 and sold it in 1991. In 1998, FPL Group created FPL Energy, a subsidiary to manage FPL Group efforts outside of FPL's service area. The same year, the company moved to acquire 37 power stations in Maine, Massachusetts, and New Jersey. After a federal ruling would have limited the company's access to the New England power grid, FPL Group attempted to break off its purchase agreement in Maine, but ultimately completed the purchase in March 1999. Through the early 2000s, FPL Group was the subject of multiple merger discussions, including with Iberdrola, Entergy, and Constellation Energy. In 2005, FPL Group acquired Gexa Energy. The Environmental Protection Agency recognized FPL Group for achieving its goal to reduce its emissions by 21 percent per kilowatt hour in 2008. The FPL Group Foundation, the company's philanthropic arm, donated $1 million to the Salvation Army in 2009 to help customers in danger of having service turned off pay their power bills. The following year, FPL Group rebranded as NextEra Energy. At the time, it provided power in 28 states and Canada.

NextEra Energy subsidiary New Hampshire Transmission (NHT) reached a $6.8 million settlement with the Federal Energy Regulatory Commission (FERC) in 2016 after charging customers for the development of an electric power transmission project that was not approved. During the 2016 Republican Party presidential primaries, NextEra Energy donated $1 million to a super PAC supporting Jeb Bush's candidacy.

In 2018, NextEra Energy and Entergy left the Nuclear Energy Institute. In February of that year, it filed a lawsuit against the Institute alleging that the trade group had inappropriately cut off its access to a database of nuclear power workers. The lawsuit stated NEE disagreed with the Institute's priorities and that the trade group was advocating for policies that would be damaging to NextEra Energy's business; it also alleged the group was extorting NextEra Energy for $860,000 to regain access to the database. The Institute called the allegations "baseless". A judge in Florida rejected NEE's claims in September 2018. The same year, the 11th Circuit Court of Appeals rejected a NEE claim for a $97 million tax deduction related to the disposal of nuclear waste. Also in 2018, the company received a cease and desist order related to the construction of wind turbines in Oklahoma pending appropriate permitting from the Federal Aviation Administration or United States Department of Defense. The construction was canceled in May 2019.

NextEra Energy successfully lobbied against a transmission line project proposed by Avangrid in Maine in 2021, arguing that the project would damage forests and tourism. The same year, NextEra donated $10,000 to the political action committee of Florida state senator Jennifer Bradley after Bradley received a bill from FPL that would have made changes to net metering in the state. A version of the bill eliminating credits for net metering passed in March 2022, but was vetoed by Governor Ron DeSantis.

The 2010s saw additional merger and acquisition attempts by NEE, including with Hawaiian Electric Industries, Oncor Electric Delivery, SCANA, Santee Cooper, and Gulf Power Company. Of these, only the Gulf Power acquisition was successful. The acquisition was completed in January 2019 and NEE merged Gulf Power with FPL in January 2022. As part of the deal, NEE also acquired Plant Oleander and a 65 percent stake in the Stanton Energy Center natural gas power plants.