11-K 1 d460427d11k.htm FORM 11-K Form 11-K
Table of Contents

 

 

 

LOGO

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 11-K

 

 

 

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2022

OR

 

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 1-8841

 

 

NextEra Energy, Inc. Employee Retirement Savings Plan

(Full title of the plan)

 

 

NextEra Energy, Inc.

(Name of issuer of the securities held pursuant to the plan)

 

 

700 Universe Boulevard

Juno Beach, Florida 33408

(Address of principal executive office)

 

 

 


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

FINANCIAL STATEMENTS

DECEMBER 31, 2022 AND 2021

TABLE OF CONTENTS

 

     Page No.  

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

     1  

FINANCIAL STATEMENTS

  

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER  31, 2022 AND 2021

     2-3  

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2022

     4  

NOTES TO FINANCIAL STATEMENTS

     5  

SUPPLEMENTAL SCHEDULE

  

SCHEDULE H LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

     11  

SIGNATURE

     17  

EXHIBIT INDEX

     18  

EXHIBIT 23(a) – CONSENT OF CROWE LLP

  


Table of Contents

LOGO

     

 

Crowe LLP

Independent Member Crowe Global

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Participants and the Employee Benefit Plans

    Administrative Committee

NextEra Energy, Inc. Employee Retirement Savings Plan

Juno Beach, Florida

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of NextEra Energy, Inc. Employee Retirement Savings Plan (the “Plan”) as of December 31, 2022 and 2021, the related statement of changes in net assets available for benefits for the year ended December 31, 2022, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2022 and 2021, and the changes in net assets available for benefits for the year ended December 31, 2022, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2022 has been subjected to audit procedures performed in conjunction with the audit of NextEra Energy, Inc. Employee Retirement Savings Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information presented in the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated in all material respects in relation to the financial statements as a whole.

 

LOGO

Crowe LLP

We have served as the Plan’s auditor since 2007.

Oak Brook, Illinois

June 20, 2023

 

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Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

AS OF DECEMBER 31, 2022 AND 2021

 

     December 31, 2022  
     Participant-      Nonparticipant-         
     Directed      Directed      Total  

ASSETS

        

Investments, at fair value (see Note 6)

        

Registered investment companies

   $ 344,826,711      $ 15,229,762      $ 360,056,473  

Collective trust funds

     1,846,623,398        —          1,846,623,398  

Preferred stock

     978,894        —          978,894  

Common stock other than NextEra Energy, Inc. common stock

     413,192,778        —          413,192,778  

NextEra Energy, Inc. common stock

     604,716,530        1,889,263,993        2,493,980,523  
  

 

 

    

 

 

    

 

 

 

Total investments, at fair value

     3,210,338,311        1,904,493,755        5,114,832,066  

Investments, at contract value (see Note 7)

     252,202,853        —          252,202,853  
  

 

 

    

 

 

    

 

 

 

Total investments

     3,462,541,164        1,904,493,755        5,367,034,919  
  

 

 

    

 

 

    

 

 

 

Receivables

        

Participant loans

     68,303,528        —          68,303,528  

Pending trades due from brokers

     5,829,161        13,878        5,843,039  

Employer contributions

     —          2,823,954        2,823,954  

Other receivables

     856,940        245,684        1,102,624  
  

 

 

    

 

 

    

 

 

 

Total receivables

     74,989,629        3,083,516        78,073,145  

Non-interest bearing cash

     211,426        —          211,426  
  

 

 

    

 

 

    

 

 

 

Total assets

     3,537,742,219        1,907,577,271        5,445,319,490  
  

 

 

    

 

 

    

 

 

 

LIABILITIES

        

Pending trades due to brokers

     6,259,148        —          6,259,148  

Other payables

     1,366,825        49,213        1,416,038  
  

 

 

    

 

 

    

 

 

 

Total liabilities

     7,625,973        49,213        7,675,186  
  

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

   $ 3,530,116,246      $ 1,907,528,058      $ 5,437,644,304  
  

 

 

    

 

 

    

 

 

 

The accompanying Notes to Financial Statements are an integral part of these statements.

 

2


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

AS OF DECEMBER 31, 2022 AND 2021

 

     December 31, 2021  
     Participant-      Nonparticipant-         
     Directed      Directed      Total  

ASSETS

        

Investments, at fair value (see Note 6)

        

Registered investment companies

   $ 363,911,865      $ 11,502,602      $ 375,414,467  

Collective trust funds

     2,366,486,194        —          2,366,486,194  

Preferred stock

     586,959        —          586,959  

Common stock other than NextEra Energy, Inc. common stock

     747,495,833        —          747,495,833  

NextEra Energy, Inc. common stock

     787,572,292        2,320,176,800        3,107,749,092  
  

 

 

    

 

 

    

 

 

 

Total investments, at fair value

     4,266,053,143        2,331,679,402        6,597,732,545  

Investments, at contract value (see Note 7)

     272,505,589        —          272,505,589  
  

 

 

    

 

 

    

 

 

 

Total investments

     4,538,558,732        2,331,679,402        6,870,238,134  
  

 

 

    

 

 

    

 

 

 

Receivables

        

Participant loans

     70,465,497        —          70,465,497  

Pending trades due from brokers

     2,561,982        —          2,561,982  

Employer contributions

     —          2,133,834        2,133,834  

Other receivables

     717,827        521,406        1,239,233  
  

 

 

    

 

 

    

 

 

 

Total receivables

     73,745,306        2,655,240        76,400,546  

Non-interest bearing cash

     —          10,072        10,072  
  

 

 

    

 

 

    

 

 

 

Total assets

     4,612,304,038        2,334,344,714        6,946,648,752  
  

 

 

    

 

 

    

 

 

 

LIABILITIES

        

Pending trades due to brokers

     2,911,514        —          2,911,514  

Other payables

     4,497,315        92,528        4,589,843  
  

 

 

    

 

 

    

 

 

 

Total liabilities

     7,408,829        92,528        7,501,357  
  

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

   $ 4,604,895,209      $ 2,334,252,186      $ 6,939,147,395  
  

 

 

    

 

 

    

 

 

 

The accompanying Notes to Financial Statements are an integral part of these statements.

 

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Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2022

 

     Participant-     Nonparticipant-        
     Directed     Directed     Total  

ADDITIONS/(DEDUCTIONS) TO/(FROM) NET ASSETS ATTRIBUTED TO:

      

Net depreciation in fair value of investments

   $ (769,242,940   $ (248,814,521   $ (1,018,057,461

Interest income

     9,011,013       —         9,011,013  

Dividend income

     22,342,141       40,136,998       62,479,139  
  

 

 

   

 

 

   

 

 

 

Net investment loss

     (737,889,786     (208,677,523     (946,567,309

Contributions

      

Participant

     183,092,557       —         183,092,557  

Employer - NextEra Energy, Inc. common stock

     —         68,607,292       68,607,292  

Rollovers

     19,240,757       —         19,240,757  
  

 

 

   

 

 

   

 

 

 

Total contributions

     202,333,314       68,607,292       270,940,606  

Transfer from/to nonparticipant-directed investments

     41,918,509       2,972,912       44,891,421  
  

 

 

   

 

 

   

 

 

 

Total net deductions

     (493,637,963     (137,097,319     (630,735,282
  

 

 

   

 

 

   

 

 

 

DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:

      

Benefit payments to participants and beneficiaries

     574,060,698       247,293,113       821,353,811  

Management and administrative expenses

     4,107,390       415,187       4,522,577  

Transfer from/to participant-directed investments

     2,972,912       41,918,509       44,891,421  
  

 

 

   

 

 

   

 

 

 

Total deductions

     581,141,000       289,626,809       870,767,809  
  

 

 

   

 

 

   

 

 

 

NET DECREASE

   $ (1,074,778,963   $ (426,724,128   $ (1,501,503,091
  

 

 

   

 

 

   

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2021

   $ 4,604,895,209     $ 2,334,252,186     $ 6,939,147,395  
  

 

 

   

 

 

   

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2022

   $ 3,530,116,246     $ 1,907,528,058     $ 5,437,644,304  
  

 

 

   

 

 

   

 

 

 

The accompanying Notes to Financial Statements are an integral part of these statements.

 

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Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2022 AND 2021

1. Description of the Plan

The following description of the NextEra Energy, Inc. Employee Retirement Savings Plan (the Plan) provides only general information. Participating employees (Participants) should refer to the Summary Plan Description (SPD) (as updated periodically through Summaries of Material Modifications) for a more complete description of the Plan and up-to-date information regarding participating subsidiaries and vesting, employer contribution and employee contribution schedules.

General

The Plan is a defined contribution plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The Plan includes a cash or deferred arrangement (Pretax Option) permitted by Section 401(k) of the Internal Revenue Code of 1986, as amended (the Code). The Pretax Option permits Participants to defer federal income taxes on their contributions (Pretax Contributions) until such contributions are distributed from the Plan.

Most employees of NextEra Energy, Inc. (the Company/Employer) and its subsidiaries are eligible to participate in the Plan on the first day of the month coincident with the completion of one full month of service with the Company or its subsidiaries or on the first day of any payroll period thereafter.

The Plan contains employee stock ownership plan (ESOP) provisions. The ESOP component is a stock bonus plan within the meaning of U.S. Treasury Regulation Section 1.401-1(b)(1)(iii), which is qualified under Section 401(a) of the Code and is designed to invest primarily in the common stock, par value $.01 per share, of the Company (Company Stock).

The Plan has a dividend payout program which enables Participants to choose how their dividends on certain shares of Company Stock held in the Plan are to be paid. The options available to Participants include reinvestment of dividends in Company Stock or distribution of dividends in cash.

Trustee

Fidelity Management Trust Company (Trustee) administers the NextEra Energy, Inc. Employee Retirement Savings Plan Trust (Trust) established to hold the assets and liabilities of the Plan.

Administration of the Plan

The Plan is intended to qualify as a participant-directed account plan under Section 404(c) of ERISA. The Employee Benefits Advisory Committee (EBAC) acts on behalf of the Company as the Plan Sponsor, as defined by ERISA. The Employee Benefit Plans Administrative Committee (as appointed by EBAC) is the named fiduciary responsible for the general operation and administration of the Plan (but not management or control of Plan assets), and the Employee Benefit Plans Investment Committee (as appointed by EBAC) is the named investment fiduciary, but is not directly responsible for the management and control of the Plan assets. Fidelity Workplace Services LLC (Fidelity) provides recordkeeping services with respect to the Plan.

Employee Contributions

The Plan allows for combined pretax and/or Roth after-tax contributions by eligible employees up to the limit under Code Section 402(g), in whole percentages of up to 50% of their eligible earnings, as defined by the Plan (50% Limit). In addition, eligible employees age 50 or older who contributed the maximum annual amount allowable under the pretax and/or Roth after-tax options in the Plan have the option of contributing an additional pretax catch-up contribution or Roth catch-up contribution in accordance with Code Section 414(v). The Plan also allows for traditional after-tax contributions up to the 50% Limit. Participants may also make rollover contributions which represent distributions from other qualified plans or individual retirement accounts.

Eligible employees are automatically enrolled in Pretax Contributions unless such employees revoke or modify their Pretax Contribution election within 60 days of their date of hire or rehire. The Plan also has an automatic increase feature whereby eligible employees’ deemed Pretax Contributions are increased by 1% each year up to a maximum of 10% unless the eligible employee revokes or otherwise modifies their Pretax Contribution election.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2022 AND 2021

 

Participants can change their investment elections daily and invest in any combination of different investment options offered under the Plan subject to the Plan’s limitations on investments in Company Stock and Fidelity’s excessive trading policy.

Employer Contributions

The Company provides matching contributions through the ESOP in the form of Company Stock. Participants should refer to the SPD for the employer contribution schedules.

Forfeitures

Forfeitures of nonvested Company matching contributions due to termination of employment may be used to restore amounts previously forfeited or to reduce the amount of future Company matching contributions to the Plan or may be applied to administrative expenses. Forfeitures used to reduce Employer contributions in 2022 totaled $2,972,912 and forfeitures applied to administrative fees in 2022 totaled $475,271. At December 31, 2022 and 2021, the balance of the forfeiture account was $178,330 and $133,581, respectively.

Vesting

Participants are immediately 100% vested in employee contributions. Participants should refer to the SPD for the vesting schedules for Company matching contributions. Upon death, total and permanent disability, or certain other circumstances an employee may become 100% vested. In addition, in certain circumstances, such as acquisitions or divestitures, the Plan may recognize previous service for vesting purposes.

Participant Loans

In general, Participants may borrow from their account a minimum of $1,000 up to a maximum of $50,000 or 50% of the vested value of the account (reduced by any outstanding loans), whichever is less. The vested portion of a Participant’s account will be pledged as security for the loan. Participants may not have more than two loans outstanding from the Plan at any time. Most Participant loans have a fixed annual interest rate based on the prime rate. Loans outstanding at December 31, 2022 carry an interest rate of 3.25% to 7.25% and mature between 2023 and 2035. Participants should refer to the SPD for a description of eligible participant loans.

Benefit Payments and Withdrawals

Withdrawals by Participants from their accounts during their employment are permitted with certain penalties and restrictions. The penalties may limit a Participant’s contributions to the Plan following a withdrawal. Upon termination from employment, Participants are eligible to receive a distribution of the full value of their vested account balance. Terminated Participants can elect to receive a full payment, partial payments, or installments over a period of up to ten years.

Administrative Expenses

The Company pays a portion of the administrative expenses of the Plan. Additionally, Plan participants pay a fee of $55 per year to cover some of the administrative expenses of the Plan. All other expenses are paid directly by the Plan through forfeitures. Any fees paid directly by the Company are not included in the financial statements.

Plan Termination

Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, Participants will become 100% vested in their accounts.

Plan Merger

On March 21, 2023, the Company acquired EPP Service Company, LLC and certain affiliated renewable energy projects (EPP). EPP was previously a participating employer in a multiple employer defined contribution plan, and as such all of the EPP acquired employees accounts and outstanding balances will be merged with and into the Plan resulting in an anticipated interplan transfer of ~$3.6 MM in 2023.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2022 AND 2021

 

2. Summary of Significant Accounting Policies

Basis of Accounting

The financial statements of the Plan are prepared under the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America.

Use of Estimates

The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

Investment Valuation

The Plan’s investments are reported at fair value, except for the fully benefit-responsive investment contracts, which are reported at contract value. Fair value measurement guidance emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and sets out a fair value hierarchy intended to disclose information about the relative reliability of fair value measurements, with the highest priority being unadjusted quoted prices in active markets for identical assets or liabilities.

In some cases, a valuation approach used to measure fair value may include inputs from multiple levels of the fair value hierarchy. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.

The Plan recognizes transfers into and out of fair value hierarchy levels at the beginning of the period.

The following are descriptions of the valuation methods and assumptions used by the Plan to estimate the fair values of investments held by the Plan.

Registered investment companies (mutual funds), Company Stock, preferred stock and common stock: Investments in shares of registered investment companies are valued at quoted market prices in active markets (Level 1 inputs), which represent the net asset value of such shares at year-end. Investments in shares of actively traded money market mutual funds are stated at the net asset value of such shares held at year-end (Level 1 inputs). Company Stock and other publicly traded common stock are valued at their quoted market price in active markets (Level 1 inputs). Certain common stock is valued at its quoted market price less a lockup discount (Level 2 inputs). Certain common stock and preferred stock are valued using significant unobservable inputs (Level 3 inputs).

Collective trust funds: The fair values of participation units held in collective trust funds are based on the net asset value per unit share reported by the fund manager as of the financial statement dates and on recent transaction prices (Level 2 inputs). Each collective trust fund provides for daily redemptions reported at net asset value per unit share, with no advance notice requirement.

The following is a description of the valuation methods and assumptions used by the Plan to report the contract value of the fully benefit-responsive synthetic guaranteed investment contracts held by the Plan.

Investment contracts (wrapper contracts): The Managed Income Fund holds fully benefit-responsive investment contracts (wrapper contracts) (see Note 7) with various insurance companies and financial institutions in order to provide Participants with a stable, fixed-rate of return on investments and protection of principal from changes in market interest rates. The crediting interest rate resets monthly and is based on an agreed upon formula with the issuers but cannot be less than zero. The key factors that influence future rates could include the following: the level of market interest rates, the difference between the fully benefit-responsive investment contracts’ book and market values, the amount and timing of Participant contributions, transfers and withdrawals into/out of the fully benefit-responsive investment contracts, and the duration of the underlying investments backing the fully benefit-responsive investment contracts.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2022 AND 2021

 

The Managed Income Fund is comprised of synthetic guaranteed investment contracts, each of which is valued at contract value. Each synthetic guaranteed investment contract consists of a wrapper contract and the underlying investments of the wrapper contract are primarily debt securities. The underlying investments in the Managed Income Fund include U.S. Treasury notes, asset-backed and mortgage-backed securities, corporate bonds and government agency notes. The contracts are unallocated in nature and are fully benefit-responsive. Therefore, net assets available for benefits reflects the contract value of the Managed Income Fund. There are no reserves against contract values (which represent contributions made under the contract, plus earnings, less withdrawals and administrative expenses) for credit risk of the contract issuer or otherwise. Wrapper contracts provide the Managed Income Fund with the ability to use contract value accounting to maintain a constant $1.00 unit price. Wrapper contracts also provide for the payment of participant-directed withdrawals and exchanges at contract value (principal and interest accrued to date) during the term of the wrapper contracts. However, withdrawals prompted by certain events (e.g., layoffs, retirement during specified early retirement window periods, spin-offs, sale of a division, facility closings, plan terminations, partial plan terminations, changes in law or regulation, material breach of contract responsibilities, loss of the Plan’s qualified status, etc.) may be paid at fair value which may be less than contract value. Currently, management believes that the occurrence of an event that would cause the Plan to be paid at less than contract value is not probable. A contract issuer may terminate a wrapper contract at any time; however, if the fair value of the contract is less than the contract value, the contract issuer can either hold the contract until the fair value and contract value are equal or make up the difference between the two. If the funds in the wrapper contracts are needed for benefit payments prior to contract maturity, they may be withdrawn without penalty.

Investment Income Recognition

Purchases and sales of investment securities are recorded on the trade date. Gains or losses on sales of investment securities are determined using the average cost method of the securities. The carrying amounts of securities held in Participants’ accounts are adjusted daily. Unrealized appreciation or depreciation is recorded to recognize changes in fair value. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.

Payment of Benefits

Benefits distributed to Participants are recorded when paid.

Participant Loans

Participant loans are reported at their unpaid principal balance plus any accrued but unpaid interest, with no allowance for credit losses, and the loans are collateralized by the Participants’ account balances in the Plan. In general, repayments of principal and interest are received through payroll deductions or direct payment to the Trustee.

3. Risks and Uncertainties

Investments

The Plan, in general, is exposed to various risks, many of which are beyond the control of the Plan Sponsor. Some such risks include risks around investment securities such as interest rate, credit, liquidity, global events and overall market volatility, which could result in changes in the value of such securities. Due to the level of risk associated with certain types of investment securities, it is at least reasonably possible that changes in the values of the investment securities may occur in the near term and that such changes could materially affect Participants’ account balances and the amounts reported in the statements of net assets available for benefits and the statement of changes in net assets available for benefits.

4. Nonparticipant-Directed Investments

The “Nonparticipant-Directed” net assets of the Plan and changes therein represent Employer contributions into the ESOP component of the Plan. Participants have the option to reinvest nonparticipant-directed shares daily among any of the other investment options available under the Plan.

5. Parties-In-Interest Transactions

Parties-in-interest are defined under Department of Labor (DOL) regulations as any fiduciary of the Plan, any party rendering service to the Plan, the Employer, and certain others. Dividend income earned by the Plan includes dividends on Company Stock. In accordance with the Plan and the Company’s Dividend Reinvestment and Direct Stock Purchase Plan in which the Trustee participates, participants may elect to reinvest dividends in Company Stock or receive dividends in cash. During 2022, dividends on shares of Company Stock held in Participants’ accounts totaled $53,368,826.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2022 AND 2021

 

During 2022, employer contributions of Company Stock credited to Participant’s accounts totaled $68,607,292 which equated to 859,297 shares. Realized losses on shares of Company Stock sold by Participants during 2022 totaled $65,527,703. At December 31, 2022 and 2021, the number of shares of Company Stock held in Participants’ accounts totaled 29,832,303 and 33,287,801, respectively, with a fair value of $2,493,980,523 and $3,107,749,092, respectively.

Certain fees were paid by the Plan to the managers of the investments held in the Plan and certain Plan investments are managed by an affiliate of the Trustee or investment advisors of the Plan. These transactions qualify as party in interest transactions. The Plan also pays for various administrative expenses to service providers which constitute party-in-interest transactions. Additionally, the Plan reimburses the Company for a portion of the costs incurred in the administration of the Plan which are considered party-in-interest transactions. Participant loans held by the Plan of $68,303,528 and $70,465,497 at December 31, 2022 and December 31, 2021, respectively, are also considered party-in-interest transactions.

6. Investments

The Plan’s financial assets and other fair value measurements made on a recurring basis by fair value hierarchy level are as follows:

 

     December 31, 2022  
     Quoted Prices      Significant                
     in Active      Other      Significant         
     Markets for      Observable      Unobservable         
     Identical Assets      Inputs      Inputs         
     (Level 1)      (Level 2)      (Level 3)      Total  

Participant-directed investments:

           

Registered investment companies

   $ 344,826,711      $ —        $ —        $ 344,826,711  

Collective trust funds

     —          1,846,623,398        —          1,846,623,398  

Preferred stock

     —          —          978,894        978,894  

Common stock other than NextEra Energy, Inc. common stock

     412,980,476        —          212,302        413,192,778  

NextEra Energy, Inc. common stock

     604,716,530        —          —          604,716,530  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total participant-directed investments

     1,362,523,717        1,846,623,398        1,191,196        3,210,338,311  

Nonparticipant-directed investments:

           

Registered investment companies

     15,229,762        —          —          15,229,762  

NextEra Energy, Inc. common stock

     1,889,263,993        —          —          1,889,263,993  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total nonparticipant-directed investments

     1,904,493,755        —          —          1,904,493,755  

Total investments in the fair value hierarchy

     3,267,017,472        1,846,623,398        1,191,196        5,114,832,066  
  

 

 

    

 

 

    

 

 

    

 

 

 

Investments at contract value

              252,202,853  
           

 

 

 

Total investments

            $ 5,367,034,919  
           

 

 

 

 

     December 31, 2021  
     Quoted Prices      Significant                
     in Active      Other      Significant         
     Markets for      Observable      Unobservable         
     Identical Assets      Inputs      Inputs         
     (Level 1)      (Level 2)      (Level 3)      Total  

Participant-directed investments:

           

Registered investment companies

   $ 363,911,865      $ —        $ —        $ 363,911,865  

Collective trust funds

     —          2,366,486,194        —          2,366,486,194  

Preferred stock

     —          —          586,959        586,959  

Common stock other than NextEra Energy, Inc. common stock

     719,047,229        26,678,455        1,770,149        747,495,833  

NextEra Energy, Inc. common stock

     787,572,292        —          —          787,572,292  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total participant-directed investments

     1,870,531,386        2,393,164,649        2,357,108        4,266,053,143  

Nonparticipant-directed investments:

           

Registered investment companies

     11,502,602        —          —          11,502,602  

NextEra Energy, Inc. common stock

     2,320,176,800        —          —          2,320,176,800  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total nonparticipant-directed investments

     2,331,679,402        —          —          2,331,679,402  

Total investments in the fair value hierarchy

     4,202,210,788        2,393,164,649        2,357,108        6,597,732,545  
  

 

 

    

 

 

    

 

 

    

 

 

 

Investments at contract value

              272,505,589  
           

 

 

 

Total investments

            $ 6,870,238,134  
           

 

 

 

 

9


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2022 AND 2021

 

7. Managed Income Fund

The contract value of fully benefit-responsive investment contracts was $252,202,853 and $272,505,589, respectively, at December 31, 2022 and 2021. The contract value of the fully benefit-responsive investment contracts includes cash of $1,760,102 and $1,911,914, respectively, at December 31, 2022 and 2021. Pending trades due from brokers related to fully benefit-responsive investment contracts were $5,587,452 and $0, respectively at December 31, 2022 and 2021. Pending trades due to brokers related to fully benefit-responsive investment contracts were $6,259,148 and $2,217,702, respectively at December 31, 2022 and 2021. The contract value of fully benefit-responsive investment contracts excludes short term investments in registered investment companies that are not covered by the wrapper contracts. These investments are reported at fair value in the amount of $3,395,197 and $5,099,712, respectively, at December 31, 2022 and 2021.

8. Income Taxes

On June 17, 2015, the Internal Revenue Service (IRS) made a favorable determination that the Plan meets the requirements of Section 401(a) of the Code. The Plan has been amended since receiving the favorable determination letter and due to expiry of the determination letter program, no new letter is expected. The Company and the plan administrator believe that the Plan is currently designed and operated in material compliance with the applicable requirements of the Code and that the Plan continues to be tax-exempt. The Trust established under the Plan will generally be exempt from federal income taxes under Section 501(a) of the Code; Company contributions paid to the Trust under the Plan will be allowable federal income tax deductions of the Company subject to the conditions and limitations of Section 404 of the Code; and the Plan meets the requirements of Section 401(k) of the Code allowing Pretax Contributions to be exempt from federal income tax at the time such contributions are made, provided that in operation the Plan and Trust meet the applicable provisions of the Code. Participants are given the option to receive dividend distributions on Company Stock in cash; all vested dividends earned by Participants are deductible by the Company.

Company matching contributions to the Plan on a Participant’s behalf, the Participant’s Pretax Contributions, and the earnings thereon generally are not taxable to the Participant until such Company matching contributions, Pretax Contributions, and earnings thereon are distributed or withdrawn. Participant’s Roth after-tax contributions and the earnings thereon generally are not taxable to the Participant if made as a qualified distribution. Earnings on traditional after-tax contributions are not taxable to the Participant until distributed or withdrawn. A loan from a Participant’s account generally will not represent a taxable distribution if the loan is repaid in a timely manner and does not exceed certain limitations.

Accounting principles generally accepted in the United States of America require plan administrators to evaluate tax positions taken by the Plan. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2022 and 2021, respectively, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine regulatory audits. An IRS audit for the 2019 plan year is currently in progress. The plan administrator believes it is no longer subject to tax audits for periods prior to 2019.

 

10


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2022

 

(a)

  

(b)

Identity of issue, borrower, lessor, or similar party

   (c)
Description of
investment including
maturity date, rate of
interest, collateral, par,
or maturity value
         (d) Cost        (e)
  Current value  
 
   Cash and Cash Equivalents:         
  

USD (US Dollars)

     1,760,102      **    $ 1,760,102  
        

 

  

 

 

 
   Total Cash and Cash Equivalents       —      $ 1,760,102  
        

 

  

 

 

 
   Common Stock:         
  

ADVANCED MICRO DEVICES INC

     28,797      **    $ 1,865,182  
  

AFFIRM HOLDINGS INC

     26,651      **      257,715  
  

ALPHABET INC CL A

     255,101      **      22,507,561  
  

AMAZON.COM INC

     231,280      **      19,427,520  
  

AMPHENOL CORPORATION CL A

     66,253      **      5,044,503  
       

APPLE INC

     170,847      **           22,198,151  
  

ARISTA NETWORKS INC

     32,673      **      3,964,869  
  

ATLASSIAN CORP PLC CLS A

     17,620      **      2,267,342  
  

AVANTOR INC

     99,110      **      2,090,230  
  

BECTON DICKINSON & CO

     19,012      **      4,834,752  
  

THE BOOKING HOLDINGS INC

     1,929      **      3,887,475  
  

CIGNA CORP

     38,070      **      12,614,114  
  

CADENCE DESIGN SYSTEMS INC

     21,768      **      3,496,812  
  

CHIPOTLE MEXICAN GRILL INC

     1,682      **      2,333,758  
  

COUPANG INC A

     103,539      **      1,523,059  
  

DAIICHI SANKYO CO-SPON ADR

     51,764      **      1,666,283  
  

DOLLAR GENERAL CORP

     19,672      **      4,844,230  
  

META PLATFORMS INC CL A

     32,396      **      3,898,535  
  

FISERV INC

     100,840      **      10,191,899  
  

FORTINET INC

     26,495      **      1,295,341  
  

GLOBAL PAYMENTS INC

     35,856      **      3,561,218  
  

HASHICORP INC

     11,938      **      326,385  
  

HUMANA INC

     8,083      **      4,140,032  
  

IAC INC

     16,236      **      720,878  
  

ILLUMINA INC

     2,600      **      525,720  
  

INGERSOLL RAND INC

     78,454      **      4,099,222  
  

INSULET CORP

     8,179      **      2,407,816  
  

INTUIT INC

     29,163      **      11,350,822  
  

INTUITIVE SURGICAL INC

     28,255      **      7,497,464  
  

LILLY (ELI) & CO

     16,105      **      5,891,853  
  

LIVE NATION ENTERTAINMENT INC

     23,006      **      1,604,438  
  

LULULEMON ATHLETICA INC

     4,158      **      1,332,140  
  

MASTERCARD INC CL A

     25,597      **      8,900,845  
  

MATCH GROUP INC

     21,002      **      871,373  
  

MICROSOFT CORP

     161,019      **      38,615,577  
  

MONGODB INC CL A

     7,335      **      1,443,821  
  

MONSTER BEVERAGE CORP

     35,793      **      3,634,063  
  

NETFLIX INC

     13,692      **      4,037,497  
  

NIKE INC CL B

     19,352      **      2,264,378  
  

NVIDIA CORP

     41,978      **      6,134,665  
  

OLD DOMINION FREIGHT LINES INC

     3,955      **      1,122,350  
  

PELOTON INTERACTIVE INC CL A

     140,508      **      1,115,634  
  

RIVIAN AUTOMOTIVE INC

     237,356      **      4,374,471  
  

ROSS STORES INC

     64,838      **      7,525,747  
  

SALESFORCE INC

     33,472      **      4,438,052  
  

SERVICENOW INC

     12,509      **      4,856,869  
  

STRYKER CORP

     31,816      **      7,778,694  
  

TRADE DESK INC

     21,011      **      941,923  
  

UNITEDHEALTH GROUP INC

     30,309      **      16,069,225  
  

VERTEX PHARMACEUTICALS INC

     10,900      **      3,147,702  
  

VISA INC CL A

     38,633      **      8,026,391  
  

ACCENTURE PLC CL A

     6,452      **      1,721,651  
  

ASML HLDG NV (NY REG SHS) NEW YORK REGISTERED SHARES

     12,079      **      6,599,966  
  

SPOTIFY TECHNOLOGY SA

     21,242      **      1,677,056  
  

STRIPE INC CLASS B PP

     9,148      **      205,098  
  

MAGIC LEAP INC A

     719      **      7,204  
  

WIX.COM LTD

     61,464      **      4,722,279  
  

ELASTIC NV

     56,107      **      2,889,511  
  

WYNDHAM HOTELS & RESORTS INC

     43,943      **      3,133,575  
  

WARNER MUSIC GRP CORP CL A

     124,230      **      4,350,535  
  

WESTINGHOUSE AIR BRAKE TECH CORP

     68,031      **      6,790,174  
  

VIMEO INC

     316,605      **      1,085,955  
  

TWIST BIOSCIENCE CORP

     43,396      **      1,033,259  
  

SITEONE LANDSCAPE SUPPLY INC

     29,271      **      3,434,074  

 

11


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2022

 

(a)

  

(b)

Identity of issue, borrower, lessor, or similar party

   (c)
Description of
investment including
maturity date, rate of
interest, collateral, par,
or maturity value
         (d) Cost       (e)
  Current value  
 
  

PELOTON INTERACTIVE INC CL A

     160,134      **     1,271,464  
  

PAPA JOHNS INTL INC

     50,529      **     4,159,042  
  

PACIFIC BIOSCIENES OF CALI INC

     456,633      **     3,735,258  
  

OKTA INC CL A

     27,736      **     1,895,201  
  

NEW YORK TIMES CO CL A

     251,684      **     8,169,663  
  

MARKETAXESS HLDGS INC

     13,785      **     3,844,499  
  

LYFT INC

     123,419      **     1,360,077  
  

LENDINGCLUB CORP

     242,112      **     2,130,586  
  

LATTICE SEMICONDUCTOR CORP

     35,168      **     2,281,700  
  

LPL FINL HLDGS INC

     17,680      **     3,821,886  
  

HOWMET AEROSPACE INC

     101,224      **     3,989,238  
  

GROCERY OUTLET HOLDING CORP

     165,364      **     4,826,975  
  

GRACO INC

     75,448      **     5,074,631  
  

FMC CORP NEW

     30,007      **     3,744,874  
  

ASPEN TECHNOLOGY INC

     21,283      **     4,371,528  
  

DOLBY LABORATORIES INC CL A

     37,325      **     2,632,906  
  

COUPA SOFTWARE INC

     49,598      **     3,926,674  
  

CHARLES RIVER LABS INTL INC

     28,045      **     6,111,005  
  

AZENTA INC

     69,072      **     4,021,371  
  

BIO TECHNE CORP

     62,829      **     5,207,267  
*   

NEXTERA ENERGY, INC. (PARTICIPANT-DIRECTED)

     7,233,451      **     604,716,530  
*   

NEXTERA ENERGY, INC. (NONPARTICIPANT-DIRECTED)

     22,598,852      $374,421,742     1,889,263,993  
        

 

 

 

 

 
   Total Common Stock       $374,421,742   $ 2,907,173,301  
        

 

 

 

 

 
   Preferred Stock:        
  

NURO INC/CA SER C PC PP

     47,663      **   $ 363,669  
  

SILA NANOTECHNOLOGIES INC SER F 0% PC PP

     9,212      **     287,138  
  

RAPPI INC SER E PFD PERP PP

     9,111      **     328,087  
        

 

 

 

 

 
   Total Preferred Stock       —     $ 978,894  
        

 

 

 

 

 
   Collective Trust Funds:        
*   

BLACKROCK RUSSELL 2000 INDEX FUND M

     1,213,301      **   $ 30,271,868  
*   

BTC ACWI EX US IMI M

     2,443,327      **     36,571,475  
*   

BTC EQUITY INDEX J

     13,518,068      **     243,014,307  
*   

BTC RUSSELL 3000 M

     5,041,972      **     111,732,611  
*   

BTC US DEBT INDEX M

     4,018,635      **     45,055,328  
*   

COHEN & STEERS US REALTY SHARES B

     2,880,477      **     50,926,830  
*   

LS CORE PL FXINC D

     3,438,331      **     52,606,463  
*   

PIMCO DIVERSIFIED REAL ASSET TRUST

     1,101,390      **     18,943,907  
*   

VANGUARD TARGET RETIREMENT 2020 TRUST PLUS

     488,563      **     29,685,116  
*   

VANGUARD TARGET RETIREMENT 2025 TRUST PLUS

     4,107,809      **     266,514,655  
*   

VANGUARD TARGET RETIREMENT 2030 TRUST PLUS

     1,174,995      **     80,863,154  
*   

VANGUARD TARGET RETIREMENT 2035 TRUST PLUS

     4,316,134      **     315,725,225  
*   

VANGUARD TARGET RETIREMENT 2040 TRUST PLUS

     651,792      **     49,972,861  
*   

VANGUARD TARGET RETIREMENT 2045 TRUST PLUS

     2,825,157      **     222,198,583  
*   

VANGUARD TARGET RETIREMENT 2050 TRUST PLUS

     485,612      **     38,295,352  
*   

VANGUARD TARGET RETIREMENT 2055 TRUST PLUS

     1,006,460      **     79,268,792  
*   

VANGUARD TARGET RETIREMENT 2060 TRUST PLUS

     315,778      **     14,980,526  
*   

VANGUARD TARGET RETIREMENT 2065 TRUST PLUS

     402,120      **     11,782,111  
*   

VANGUARD TARGET RETIREMENT INCOME TRUST PLUS

     1,787,278      **     84,842,068  
*   

BLACKROCK RUSSELL 2000 ALPHA TILTS FUND F

     3,234,231      **     54,581,207  
*   

SSBK GOVERNMENT STIF FUND (US LARGE CAP GROWTH FUND)

     6,825,718      **     6,825,718  
*   

SSBK STIF FUND (SMALL MID CAP GROWTH FUND)

     1,965,241      **     1,965,241  
        

 

 

 

 

 
   Total Collective Trust Funds       —     $ 1,846,623,398  
        

 

 

 

 

 
   Registered Investment Companies:        
*   

AF EUROPAC GROWTH R6

     1,391,357      **   $ 68,218,234  
*   

EATON VANCE FLOATING-RATE & HIGH INCOME FUND R6

     2,381,541      **     19,123,773  
*   

JPM EQUITY INCOME R6 FUND

     5,360,720      **     120,991,461  
*   

VANGUARD VMMR-FED MONEY MARKET

     131,071,368      **     131,071,368  
*   

FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. PARTICIPANT-DIRECTED)

     2,026,678      **     2,026,678  
*   

FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. NONPARTICIPANT-DIRECTED)

     15,229,762      $  15,229,762     15,229,762  
*   

FIDELITY INSTITUTIONAL CASH PORTFOLIO (MANAGED INCOME FUND)

     3,395,197      **     3,395,197  
        

 

 

 

 

 
   Total Registered Investment Companies       $  15,229,762   $ 360,056,473  
        

 

 

 

 

 

 

12


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2022

 

(a)

  

(b)

Identity of issue, borrower, lessor, or similar party

   (c)
Description of
investment including
maturity date, rate of
interest, collateral, par,
or maturity value
         (d) Cost       (e)
  Current value  
 
   U.S. Treasury Notes:        
  

UST NOTES 1.375% 08/31/2023

     4,305,100      **   $ 4,228,853  
  

UST NOTES 2% 08/15/2025

     21,955,500      **     20,897,512  
  

UST NOTES 1.625% 09/30/2026

     1,354,000      **     1,244,426  
  

UST NOTES 0.375% 04/30/2025

     9,700,500      **     8,859,452  
  

UST NOTES 0.125% 08/15/2023

     300      **     2,779  
  

UST NOTES 0.25% 05/15/2024

     1,837,800      **     1,730,354  
  

UST NOTES 0.625% 07/31/2026

     1,572,400      **     1,393,537  
  

UST NOTES 0.75% 08/31/2026

     3,257,000      **     2,892,208  
  

UST NOTES 0.375% 10/31/2023

     2,500,000      **     2,412,462  
  

UST NOTES 1.125% 10/31/2026

     1,000,000      **     896,361  
  

UST NOTES 1.25% 12/31/2026

     23,903,500      **     21,407,413  
  

UST NOTES 0.75% 12/31/2023

     5,425,000      **     5,215,082  
  

UST NOTES 1.125% 01/15/2025

     13,980,600      **     13,158,585  
  

UST NOTES 0.875% 01/31/2024

     5,425,000      **     5,225,110  
  

UST NOTES 1.5% 02/29/2024

     4,214,000      **     4,083,378  
  

UST NOTES 2.5% 03/31/2027

     32,309,800      **     30,526,982  
  

UST NOTES 2.625% 04/15/2025

     8,176,000      **     7,914,751  
  

UST NOTES 3% 07/31/2024

     2,108,000      **     2,082,588  
  

UST NOTES 3.125% 08/15/2025

     2,590,800      **     2,545,883  
  

UST NOTES 3.5% 09/15/2025

     3,683,900      **     3,648,689  
  

UST NOTES 4.125% 10/31/2027

     1,425,800      **     1,441,053  
  

UST NOTES 4.5% 11/15/2025

     4,596,500      **     4,651,006  
  

UST NOTES 3.875% 11/30/2027

     4,951,000      **     4,940,790  
  

UST NOTES 4% 12/15/2025

     6,300,000      **     6,259,641  
        

 

 

 

 

 
   Total U.S. Treasury Notes       —     $    157,658,895  
        

 

 

 

 

 
   Government Agency Notes:        
  

NYS UDC 2.7% 3/15/2023

     630,000      **   $ 632,751  
  

NYS UDC 2.67% 3/15/2023

     775,000      **     778,271  
  

NYC TFA (PIT) 2.05% 8/1/2023

     165,000      **     164,051  
  

NYC TFA (PIT) 2.85% 2/1/2024

     155,000      **     153,736  
  

CA ST 2.40% 10/1/2025

     440,000      **     417,748  
        

 

 

 

 

 
   Total Government Agency Notes       —     $ 2,146,557  
        

 

 

 

 

 
   Mortgage Backed Securities:        
  

WFCM 2016-C34 A2 2.603% 06/49

     68,906      **   $ 68,736  
  

WELLS FARGO COML MTG TR 15-C27 ASB 3.278% 02/15/2048

     149,597      **     145,823  
  

WFRBS COML MTG TR 2014-C23 ASB 3.636% 10/15/2057

     69,394      **     68,393  
  

WFRBS COML MTG TR 2013-C16 3.963% 09/15/2046

     15,566      **     15,509  
  

WFRBS COML MTG TR 2013-C16 A5 4.415% 09/15/2046

     312,000      **     309,688  
  

WFRBS COML MTG TR 2014-C22 ASB 3.464% 09/15/2057

     193,806      **     190,556  
  

WFRBS COML MTG TR 2014-C20 ASB 3.638% 05/15/2047

     41,683      **     41,227  
  

SREIT TR 2021-MFP 1ML+73.08 11/15/2038 144A

     297,000      **     286,349  
  

OPG TR 2021-PORT 1ML+49.8 10/15/2036 144A

     500,323      **     479,183  
  

MORGAN STANLEY CAP I TR 2019-MEAD 3.17% 11/10/2036144A

     374,000      **     348,259  
  

MSBAM 2016-C28 3.272% 01/15/49

     135,491      **     128,319  
  

MORGAN STANLEY BK AMER MERRILL LYNCH TR 2015-C21 ASB 3.15% 03/15/2048

     32,742      **     31,894  
  

MSBAM 2014-C17 ASB 3.477% 8/47

     183,399      **     180,912  
  

MORGAN STANLEY BK AMER MERRILL LYNCH TR 2014-C16 ASB 3.477% 06/15/2047

     83,324      **     82,004  
  

MSBAM 2013-C13 ASB 3.557% 11/15/2046

     56,270      **     56,027  
  

MSBAM 2015-C22 ASB 3.04% 04/15/48

     59,720      **     58,208  
  

LIFE FINANCIAL SERVICES TRUST 2022 TSFR1M+129.52405/15/2039 144A

     459,000      **     448,721  
*   

JPMCC COML MTG SECS TR 2016-JP4 A2 2.984% 12/15/2049

     31,148      **     31,160  
*   

JPMBB COML MTG SECS TR 2014-C22 3.8012% 09/15/2047

     253,000      **     245,612  
*   

JP MORGAN CHASE COML MTG SECS TR 2013-C10 A5 3.1425% 12/15/2047

     87,361      **     87,396  
  

GS MTG SECS TR 2014-GC20 AAB 3.655% 04/10/2047

     23,988      **     23,712  
  

GS MTG SECS TR 2014-GC18 AAB 3.648% 01/10/2047

     16,652      **     16,533  
  

GS MTG SECS TR 2015-GC28 AAB 3.206% 02/10/2048

     110,650      **     108,087  
  

GS MTG SECS TR 2015-GC32 AAB 3.513% 07/10/2048

     105,930      **     103,057  
  

GS MTG SECS TR 2014-GC26 AAB 3.365% 11/10/2047

     131,827      **     129,212  
  

GNII II 4% 04/20/2047#MA4383

     182,706      **     176,303  
  

FNMA 6.50% 8/36 #AE0746

     13,828      **     14,537  
  

FNMA 6.50% 12/35 #AD0723

     18,658      **     19,616  
  

FNMA 20YR 4% 04/01/2038#MA3337

     291,270      **     283,232  
  

FNMA 20YR 3% 07/01/2036#MA2672

     781,989      **     733,251  
  

FNMA 20YR 3.00% 11/32 #MA1237

     694,131      **     656,293  
  

FNMA 6.50% 8/36 #888544

     15,919      **     16,748  
  

FNMA 6.50% 8/36 #888034

     4,333      **     4,544  
  

FNMA 20YR 3% 12/01/2040#FM4711

     578,097      **     530,144  
  

FNMA 20YR 3% 12/01/2040#FM4710

     472,564      **     433,365  
  

FNMA 15YR 4% 02/01/2034#FM3001

     450,121      **     443,825  

 

13


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2022

 

(a)

  

(b)

Identity of issue, borrower, lessor, or similar party

   (c)
Description of
investment including
maturity date, rate of
interest, collateral, par,
or maturity value
         (d) Cost        (e)
  Current value  
 
  

FNMA 15YR 4% 03/01/2034#FM2867

     1,020,630      **      1,006,353  
  

FNMA 15YR 3.5% 10/01/2034#FM1579

     80,870      **      78,154  
  

FNMA 15YR 3.5% 09/01/2034#FM1578

     133,671      **      129,181  
  

FNMA 15YR 3.5% 09/01/2034#FM1577

     294,528      **      284,636  
  

FNMA 30YR 4.5% 09/01/2049#FM1534

     350,857      **      347,514  
  

FNMA 20YR 4.5% 08/01/2039#FM1353

     57,306      **      56,487  
  

FNMA 20YR 4.5% 06/01/2039#FM1045

     21,973      **      21,659  
  

FNMA 20YR 4.5% 03/01/2039#FM1774

     44,868      **      44,227  
  

FNMA 15YR 3.5% 02/01/2035#FM0065

     382,768      **                  369,673  
  

FNMA 15YR 3% 12/01/2032#BM5109

     862,351      **      824,028  
  

FNMA 15YR 3% 02/01/2033#BM5108

     865,415      **      823,981  
  

FNMA 6.50% 7/35 #745092

     3,604      **      3,801  
  

FNMA 6.50% 12/32 #735415

     3,341      **      3,507  
  

FEDERAL HOME LN MTG MLT CTF GT 5.0% 02/15/2040

     59,164      **      59,657  
  

FEDERAL NAT MTG ASN GTD REM 2011-26 PA 4.5% 04/25/2041

     89,537      **      89,210  
  

FNMA 15YR 2.5% 10/01/2031#AS8010

     172,746      **      162,075  
  

FNMA 15YR 4.5% 11/01/2025#AL8242

     18,150      **      18,091  
  

FNMA 20YR 2.5% 01/01/2033#AL2976

     45,991      **      42,692  
  

FNMA 20YR 2.5% 01/01/2033#AL2975

     86,041      **      79,870  
  

FNMA 20YR 2.5% 01/01/2033#AL2974

     73,784      **      68,261  
  

FNMA 20YR 2.5% 01/01/2033#AL2982

     58,357      **      54,172  
  

FNMA 6.50% 7/32 #545762

     3,250      **      3,412  
  

FNMA 6.50% 7/32 #545759

     5,794      **      6,084  
  

FREDDIE MAC REMICS 3% 10/25/2048

     307,811      **      283,191  
  

FEDERAL HOME LN MTG MLT CTF GT 3% 07/25/2039

     288,504      **      270,531  
  

FEDERAL HOME LN MTG MLT CTF GT 2019-4872 AB 4% 08/15/2047

     210,372      **      205,827  
  

FEDERAL HOME LN MTG MLT CTF GT 4% 07/15/2047

     216,878      **      212,263  
  

FEDERAL HOME LN MTG MLT CTF GT 4847 CA 3.5% 11/15/2045

     142,389      **      139,421  
  

FEDERAL HOME LN MTGE CORP 4765 QA 3% 02/15/2046

     321,345      **      303,262  
  

FEDERAL HOME LN MTG MLT CTF GT K727 A2 2.946% 07/25/2024

     569,827      **      554,618  
  

FREDDIE MAC REMICS 2018-4766 MA 3.5% 02/15/2046

     322,379      **      309,790  
  

FHR 4683 EA 2.5% 05/47

     338,517      **      317,868  
  

BX COMMERCIAL MORTGAGE TRUST 2021-PAC 1ML+71.21 10/15/2036 144A

     325,000      **      312,726  
  

BX TR 2021-ACNT 1ML+85 11/15/2026 144A

     317,000      **      305,731  
  

BX 2021-BXMF 1ML+64 10/15/2026 144A

     299,000      **      287,325  
  

BX COMMERCIAL MORTGAGE TRUST 22-LP2 A TSFR1M+96.2702/15/2039 144A

     380,640      **      367,724  
  

BENCHMARK MTG TR 2018-B2 A2 3.6623% 02/15/2051

     230,127      **      226,922  
  

BENCHMARK MORTGAGE TRUST 2018-B7 A2 4.377% 05/15/2053

     328,000      **      325,161  
  

BENCHMARK MTG TR 2018-B8 A2 4.149% 01/15/2052

     178,173      **      176,617  
  

COMM 2015-CR22 ASB MTG TR 3.144% 03/10/2048

     92,267      **      90,425  
  

COMM 2015-CCRE23 MORTGAGE TRUST 3.257% 05/10/2048

     110,650      **      108,163  
  

COMM 2015-CCRE26 MTG TR 3.373% 10/10/2048

     87,866      **      85,590  
  

CSAIL 2017-CX9 A2 3.0538% 09/15/2050

     54,059      **      54,082  
  

COMM 2013-CCRE7 MTG TR 3.213% 03/10/2046

     211,593      **      210,750  
  

CSAIL 2015-C2 COML MTG TR 3.2241% 06/15/2057

     109,211      **      106,694  
  

CGCMT 13-GC11 A4 3.093% 04/46

     68,256      **      68,202  
  

CITIGROUP COML MTG TR 13-GC17 4.131% 11/10/2046

     249,000      **      246,264  
  

CITIGROUP COML MTG TR 2014-GC21 3.477% 05/10/2047

     44,101      **      43,557  
  

CITIGROUP COML MTG TR 2014-GC23 A3 3.356% 07/10/2047

     282,631      **      273,346  
  

CITIGROUP COML MTG TR 2016-GC36 AAB 3.368% 02/10/2049

     177,377      **      171,412  
  

CSAIL 2019-C15 COML MTG TR 3.4505% 03/15/2052

     322,022      **      312,997  
  

ELP COMMERCIAL MORTGAGE TRUST 2021-ELP 1ML+70.1 11/15/2036 144A

     444,000      **      427,228  
  

FHLG 5.50% 3/34 #G01665

     20,402      **      21,009  
  

FHLG 7.50% 7/34 #G02115

     28,743      **      30,305  
  

FHLG 25YR 5.50% 7/35 #G05815

     13,400      **      13,790  
  

FHLG 15YR 3% 05/01/2033#G16550

     271,733      **      258,608  
  

FHLG 20YR 3.5% 06/01/2032#C91456

     193,356      **      185,956  
  

FHLG 15YR 2.5% 12/01/2031#SB0093

     382,286      **      358,671  
  

FHLG 15YR 3% 02/01/2034#SB0179

     379,898      **      361,234  
  

FHLG 15YR 3% 03/01/2033#SB0181

     677,116      **      644,697  
  

FHLG 15YR 3.5% 04/01/2034#SB0378

     327,793      **      317,194  
  

FHLG 5.50% 5/34 #Z40042

     150,451      **      154,650  
  

FHLG 20YR 3% 11/01/2033#G30872

     239,391      **      226,170  
  

FHLG 20YR 3.5% 05/01/2038#G31067

     100,228      **      96,392  
  

FEDERAL NAT MTG ASN GTD REM PA 2012-149 DA 1.75% 01/25/2043

     25,871      **      23,542  
  

FNR 2013-16 GP 3% 1/1/33

     67,719      **      65,479  
  

FEDERAL NAT MTG ASN GTD REM PA 1.85% 05/25/2033

     202,447      **      183,236  
  

FEDERAL NAT MTG ASN GTD REM PA 3.0% 06/25/2043

     174,989      **      164,522  
  

FNR 2015-49 LE 3% 07/45

     169,521      **      160,481  

 

14


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2022

 

(a)

  

(b)

Identity of issue, borrower, lessor, or similar party

   (c)
Description of
investment including
maturity date, rate of
interest, collateral, par,
or maturity value
         (d) Cost        (e)
  Current value  
 
  

FEDERAL NAT MTG ASN GTD REM PA 3.0% 04/25/2044

     89,006      **      84,291  
  

FEDERAL NAT MTG ASN GTD REM PA 2.5% 05/25/2045

     367,544      **      340,072  
  

FEDERAL NAT MTG ASN GTD REM PA 2015-28 JE 3.0% 05/25/2045

     303,851      **      287,915  
  

FNR 2015-42 LE 3.0% 06/25/45

     215,482      **      204,182  
  

FNR 2015-54 GA 2.5% 07/25/2045

     145,865      **      137,739  
  

FNR 2016-26 CG 3% 05/46

     461,051      **      436,130  
  

FNR 2016-19 AH 3% 04/46

     172,905      **      163,448  
  

FNR 2016-27 HK 3% 01/25/2041

     252,726      **      238,543  
  

FNR 2016-27 KG 3% 01/40

     116,612      **      110,099  
  

FNR 2016-37 BK 3% 06/25/46

     495,349      **      468,934  
  

FNR 2016-34 GH 3% 06/46

     435,677      **                412,405  
  

FEDERAL NATL MTG AS GTD RE PTT 2016-105 PA 3.5% 04/25/2045

     145,802      **      140,256  
  

FNR 2016-100 P 3.5% 11/44

     228,404      **      218,718  
  

FNR 2017-20 AP 3.5% 03/25/2045

     326,151      **      313,040  
  

FEDERAL NAT MTG ASN GTD REM PA 2017-11 HA 3.5% 12/25/2045

     278,418      **      267,221  
  

FANNIE MAE 2017-74 PA 3.5% 11/25/2045

     262,222      **      250,358  
  

FEDERAL NAT MTG ASN GTD REM 2017-97 P 3% 01/25/2047

     304,183      **      281,079  
  

FEDERAL NAT MTG ASN GTD REM PA 2018-3 LP 3% 02/25/2047

     459,404      **      428,912  
  

FNR 2018-16 NB 3.25% 12/25/2044

     53,301      **      52,167  
  

FEDERAL NATL MTG AS GTD RE PTT 2018-11 LA 3.5% 07/25/2045

     191,939      **      185,037  
  

FEDERAL NAT MTG ASN GTD REM PA 3.5% 02/25/2046

     207,713      **      202,328  
  

FNMA GTD MTG PASS THRU CTF 3.5% 10/25/2044

     236,620      **      229,832  
  

FEDERAL NAT MTG ASN GTD REM PA 3% 03/25/2048

     649,730      **      608,652  
  

FEDERAL NAT MTG ASN GTD REM PA 2019-14 DA 4% 03/25/2048

     133,238      **      129,901  
  

FEDERAL NAT MTG ASN GTD REM PA 4% 11/25/2048

     154,320      **      148,983  
  

FEDERAL NAT MTG ASN GTD REM PA 2019-38 AB 3% 07/25/2039

     371,367      **      347,995  
  

FEDERAL NAT MTG ASN GTD REM PA 2.5% 10/25/2039

     201,692      **      182,019  
  

FEDERAL NAT MTG ASN GTD REM PA 2% 06/25/2035

     527,899      **      485,016  
  

FNMA 5.50% 11/34 #310105

     107,278      **      110,139  
  

FEDERAL HOME LN MTG MLT CTF GT 4135 AB 1.75% 06/15/2042

     20,384      **      18,534  
  

FEDERAL HOME LN MTG MLT CTF GT 2013-K035 A2 3.458% 08/25/2023

     910,896      **      905,029  
  

FEDERAL HOME LN MTG MLT CTF GT 3.0% 05/15/2045

     148,808      **      140,715  
  

FREDDIE MAC 4656 PA 3.5% 10/15/2045

     200,794      **      192,029  
        

 

  

 

 

 
   Total Mortgage Backed Securities       —      $ 30,358,501  
        

 

  

 

 

 
   Asset Backed Securities:         
  

AMERICAN EXPRESS CR ACC MST TR 0.9% 11/15/2026

     862,000      **    $ 800,560  
  

AMERICAN EXPRESS CR ACC MST TR 3.39% 05/15/2027

     800,000      **      778,310  
  

AMERICAN EXPRESS CR ACC MST TR 3.75% 08/15/2027

     660,000      **      646,822  
  

AMERICAN EXPRESS CR ACC MST TR 4.95% 10/15/2027

     408,000      **      412,259  
  

BA CR CARD TR 0.34% 05/15/2026

     983,000      **      940,669  
  

BA CR CARD TR 0.44% 09/15/2026

     760,000      **      716,610  
  

BA CR CARD TR 3.53% 11/15/2027

     747,000      **      728,103  
  

BA CR CARD TR 5% 04/15/2028

     460,000      **      467,284  
  

CAPITAL ONE MULTI-ASST EXEC TR 1.04% 11/15/2026

     874,000      **      816,790  
  

CAPITAL ONE MULTI-ASST EXEC TR 2.8% 03/15/2027

     1,329,000      **      1,276,296  
  

CAPITAL ONE MULTI-ASST EXEC TR 3.49% 05/15/2027

     800,000      **      779,782  
  

CAPITAL ONE MULTI-ASST EXEC TR 4.95% 10/15/2027

     583,000      **      589,233  
  

CARMAX AUTO OWNER TR 2020-4 0.5% 08/15/2025

     338,173      **      328,843  
  

CHASE ISSUANCE TR 3.97% 09/15/2027

     619,000      **      607,153  
  

DELL EQUIPMENT FINANCE TRUST 2021-1 0.43% 05/22/2026 144A

     303,000      **      297,308  
  

DELL EQUIPMENT FINANCE TRUST 2020-2 0.57% 10/23/2023 144A

     163,101      **      161,543  
  

DISCOVER CARD EXECUTION NT TR 0.58% 09/15/2026

     730,000      **      679,373  
  

DISCOVER CARD EXECUTION NT TR 1.96% 02/15/2027

     431,000      **      406,856  
  

DISCOVER CARD EXECUTION NT TR 3.32% 05/15/2027

     670,000      **      648,824  
  

DISCOVER CARD EXECUTION NT TR 3.56% 07/15/2027

     622,000      **      605,275  
  

DISCOVER CARD EXECUTION NT TR 5.03% 10/15/2027

     574,000      **      581,474  
  

FORD CR FLOORPLN MAST OWN TR A 0.7% 09/15/2025

     652,000      **      631,150  
  

FORD CR AUTO OWNER TR 2019-1 A 3.52% 07/15/2030 144A

     550,000      **      540,112  
  

GMF FLOORPLAN OWNER REVOLVING TR 0.68% 08/15/2025 144A

     294,000      **      285,559  
  

GMF FLOORPLAN OWNER REVOLVING TR 0.69% 10/15/2025 144A

     653,000      **      629,447  
  

HYUNDAI AUTO RECEIVABLES TR 2020-C 0.38% 05/15/2025

     406,750      **      396,150  
  

SANTANDER RETAIL AUTO LEASE TR 2020-B 0.57% 04/22/2024 144A

     598,183      **      587,055  
  

SANTANDER RETAIL AUTO LEASE TR 2021-A 0.51% 07/22/2024 144A

     411,000      **      400,659  
  

VERIZON MASTER TRUST 2021-1 A 0.5% 05/20/2027

     561,000      **      527,140  
  

VERIZON MASTER TRUST 2021-1 A 0.99% 04/20/2028

     860,000      **      802,244  
  

VERIZON MASTER TRUST 3.72% 07/20/2027

     319,000      **      314,525  
        

 

  

 

 

 
   Total Asset Backed Securities       —      $ 18,383,408  
        

 

  

 

 

 

 

15


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

SCHEDULE H, LINE 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2022

 

(a)

  

(b)

Identity of issue, borrower, lessor, or similar party

   (c)
Description of
investment including
maturity date, rate of
interest, collateral, par,
or maturity value
         (d) Cost       (e)
  Current value  
 
  

Corporate Bonds:

       
  

BANK OF AMERICA CORPORATION 3.559/VAR 04/23/2027

     510,000      **   $ 481,294  
  

BANK OF AMERICA CORPORATION SOFR+0 02/04/2028

     700,000      **     629,010  
  

BANK OF AMERICA CORPORATION 4.948/VAR 07/22/2028

     500,000      **     499,289  
  

BANK OF MONTREAL QUE 1.85% 05/01/2025

     800,000      **     749,750  
  

BANK OF MONTREAL QUE 0.949%/VAR 01/22/2027

     510,000      **     452,417  
  

BANK OF NEW YORK MELLON 5.224%/VAR 11/21/2025

     410,000      **     413,444  
  

BANK NEW YORK MELLON CORP 1.6% 04/24/2025

     293,000      **     273,126  
  

BANK NEW YORK MELLON CORP 4.414%/VAR 07/24/2026

     510,000      **     511,949  
  

BANQUE FED CRED MUTUEL PARIS 4.524% 07/13/2025 144A

     526,000      **     527,827  
  

BANQUE FED CRED MUTUEL PARIS 1.604% 10/04/2026 144A

     510,000      **               445,595  
  

BERKSHIRE HATHAWAY INC DEL 2.75% 03/15/2023

     320,000      **     321,221  
  

CANADIAN IMPERIAL BK OF COMM 3.945% 08/04/2025

     569,000      **     564,895  
  

CANADIAN IMPERIAL BK OF COMM 3.45% 04/07/2027

     800,000      **     758,595  
  

CHEVRON CORP NEW 1.141% 05/11/2023

     541,000      **     534,846  
  

RABOBANK NEDERLAND NY BRH 1.375% 01/10/2025

     510,000      **     479,399  
  

EQUINOR ASA 1.75% 01/22/2026

     120,000      **     110,599  
  

GUARDIAN LIFE GLOBAL FUNDING 3.4% 04/25/2023 144A

     700,000      **     701,055  
  

GUARDIAN LIFE GLOBAL FUNDING 1.1% 06/23/2025 144A

     600,000      **     543,586  
  

GUARDIAN LIFE GLOBAL FUNDING 1.4% 07/06/2027 144A

     800,000      **     687,356  
*   

JPMORGAN CHASE & CO 2.083/VAR 04/22/2026

     800,000      **     745,887  
*   

JPMORGAN CHASE & CO 1.045%/VAR 11/19/2026

     660,000      **     582,963  
*   

JPMORGAN CHASE & CO 0.697%/VAR 03/16/2024

     780,000      **     773,404  
*   

JPMORGAN CHASE & CO 1.578%/VAR 04/22/2027

     510,000      **     449,688  
*   

JPMORGAN CHASE & CO 0.824/VAR 06/01/2025

     587,000      **     547,583  
*   

JPMORGAN CHASE & CO SOFR 1.47%/VAR 09/22/2027

     730,000      **     635,001  
*   

JPMORGAN CHASE & CO 2.947%/VAR 02/24/2028

     604,000      **     552,665  
*   

JPMORGAN CHASE & CO 4.851%/VAR 07/25/2028

     500,000      **     497,937  
  

MASSMUTUAL GLOBAL FDG II 4.15% 08/26/2025 144A

     519,000      **     515,168  
  

METROPOLITAN LIFE GLBL FDG I 3.45% 12/18/2026 144A

     510,000      **     477,287  
  

METROPOLITAN LIFE GLBL FDG I 0.9% 06/08/2023 144A

     473,000      **     465,420  
  

METROPOLITAN LIFE GLBL FDG I 4.05% 08/25/2025 144A

     800,000      **     789,168  
  

NEW YORK LIFE GLOBAL FDG 0.85% 01/15/2026 144A

     1,300,000      **     1,160,159  
  

NORTHWESTERN MUTUAL GLOBAL FUNDING 0.8% 01/14/2026 144A

     1,200,000      **     1,066,060  
  

PACIFIC LIFE GF II 1.2% 06/24/2025 144A

     439,000      **     398,073  
  

PACIFIC LIFE GF II 1.375% 04/14/2026 144A

     510,000      **     451,192  
  

PRICOA GLOBAL FDG I 2.4% 09/23/2024 144A

     651,000      **     624,542  
  

PROTECTIVE LIFE GLOBAL FUNDING 1.618% 04/15/2026 144A

     510,000      **     459,621  
  

PROTECTIVE LIFE GLOBAL FUNDING 3.218% 03/28/2025 144A

     154,000      **     148,026  
  

RGA GLOBAL FUNDING 2% 11/30/2026 144A

     781,000      **     692,410  
  

ROYAL BANK OF CANADA 1.15% 06/10/2025

     610,000      **     558,761  
  

ROYAL BANK OF CANADA 1.4% 11/02/2026

     510,000      **     448,610  
  

7 ELEVEN INC 0.95% 02/10/2026 144A

     229,000      **     201,409  
  

7 ELEVEN INC 1.3% 02/10/2028 144A

     286,000      **     238,496  
  

STATE STREET CORP 2.203%/VAR 02/07/2028

     510,000      **     462,588  
  

TORONTO DOMINION BANK 1.25% 09/10/2026

     510,000      **     447,913  
  

UBS AG LON BRANCH 1.25% 06/01/2026 144A

     510,000      **     446,137  
  

UBS AG LON BRANCH 1.375% 01/13/2025 144A

     501,000      **     468,122  
  

USAA CAPITAL CORP 1.5% 05/01/2023 144A

     150,000      **     148,840  
        

 

 

 

 

 
  

Total Corporate Bonds

      —     $ 25,138,383  
        

 

 

 

 

 
  

Synthetic guaranteed investment contract and wrapper contracts:

       
  

ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE GUARANTEED INVESTMENT CONTRACT

 

   **   $ 16,757,007  
        

 

 

 

 

 
  

Total synthetic guaranteed investment contract and wrapper contracts

      —     $ 16,757,007  
        

 

 

 

 

 
*   

Participant loans

    

3.25% - 7.25%

Maturing 2023 - 2035

 

 

   **   $ 68,303,528  
        

 

 

 

 

 
  

Total investments at year end

      $389,651,504   $ 5,435,338,447  
        

 

 

 

 

 

 

*

Party-in-interest

**

Historical cost is disclosed only for nonparticipant-directed investments

 

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefit Plans Administrative Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 20, 2023     

NextEra Energy, Inc. Employee Retirement Savings Plan

 
     (Name of Plan)  
  By:   

/s/ Deborah H. Caplan

 
    

Deborah H. Caplan

Chairperson of the Employee Benefit Plans Administrative Committee

 

 

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Table of Contents

EXHIBIT INDEX

 

Exhibit

Number

 

Description

23(a)   Consent of Crowe LLP

 

18