Vision & CEO Letter

Our vision is to be North America's leader in the generation and delivery of clean energy.

overlay

 

To NextEra Energy Stakeholders 

At NextEra Energy, we believe that this is America's Energy Era -- an unprecedented opportunity in our nation's history to invest in clean energy. The costs of wind, solar and battery storage technology continue to decline rapidly. U.S. reserves of clean natural gas are sufficient to power our economy for about 90 years. Smart grid technologies are helping electric companies lower costs for customers while improving reliability during good weather and after major storms.

America's Energy Era becomes more sustainable as we invest in clean energy technologies.

NextEra Energy has invested more than $85 billion of capital in the U.S. economy since 2004 and was among the largest U.S. capital investors in any industry in 2017. We are now the largest generator of wind and solar energy in the world -- by 46 percent. We lead America's small but growing energy storage industry. Our capital investments at Florida Power & Light Company (FPL) have allowed us to deliver reliability that is 50 percent better than the national average while keeping typical residential customer bills nearly 30 percent lower than the national average.

NextEra Energy has been recognized often for our commitment to clean energy investment and innovation. In 2018, we were ranked No. 21 among the top 57 companies globally that "Change the World" by Fortune, an honor given to companies that have positive social impact through activities that are part of their core business strategy. Our investments in renewable energy and leading-edge innovative technologies are not only core to our business, but also make us a sustainable company and help deliver the benefits of America's Energy Era to a broad group of stakeholders. We are committed to respecting our environment, providing value for our customers, sustaining our communities, investing in our team and growing shareholder value:

  • Respecting our environment: We have proven that clean technology investments can deliver significant environmental benefits. Since 2001, we have reduced our CO2 emissions rate by 52 percent, and we plan to continue our commitment to reducing our CO2 emissions rate with a target of more than 65 percent by 2021.
  • Providing value for our customers: We take pride in providing our customers with affordable, reliable and clean energy to power their homes and businesses. We've built one of the most advanced electric grids in the country and have invested billions of dollars in hardening and automation. Due in part to these investments in improving reliability, FPL was able to restore power to more than two million customers in one day following Hurricane Irma in 2017, and to all 4.4 million customers impacted by the storm in 10 days.
  • Sustaining our communities: Our investments create jobs and economic opportunity across America, including in many rural communities, and our tax payments provide funding for schools, emergency services and other local needs. Our company donated more than $1.6 million to those impacted by Hurricanes Harvey, Irma and Maria in 2017. Our employees logged more than 88,000 volunteer hours in 2017, a four percent increase from the year before.
  • Investing in our team: At NextEra Energy, we believe our team is our greatest competitive advantage. We value our employees' continuous learning and development and health and well-being, and encourage a culture where innovative ideas are shared and diversity and inclusion are celebrated. In 2017, we were named to Forbes’ lists of America’s Best Employers for the third year in a row and Best Employers for Diversity in its inaugural year, and we continue to invest in our team by attracting and retaining the top talent in the industry.
  • Growing shareholder value: As we have become a more sustainable company, we have also delivered outstanding value to our shareholders. We delivered total shareholder return in 2017 of more than 34 percent, outperforming the S&P 500 by roughly 15 percent. Over the last ten years, we have outperformed 79 percent of the companies in the S&P 500 Utilities Index and 63 percent of those in the S&P 500.

Through investment and innovation, NextEra Energy helps make our country and our world more sustainable and more successful. Our team works hard to advance that vision every day. We salute every person, company, school, supplier, government agency and charitable organization that has a similar passion for sustainability, and we appreciate the opportunity to help more people realize the full promise of America's Energy Era. 

Sincerely, 

Jim Robo

Chairman & Chief Executive Officer