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NextEra Energy
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Updated Nov 5, 2026
NextEra Energy files pro forma financials for pending $62.1B Dominion Energy acquisition, showing combined entity with $402B in assets and $43.2B in pro forma revenue.
This 8-K files pro forma combined financial statements for NEE's pending acquisition of Dominion Energy under a Merger Agreement signed May 15, 2026. Total estimated merger consideration is $62.1 billion — comprising approximately $61.7 billion in NEE stock and $360 million in cash — implying preliminary goodwill of $35.7 billion. The combined entity would carry $402 billion in total assets, $145 billion in long-term debt, and pro forma full-year 2025 operating revenues of $43.2 billion, with NEE committing to more than $2.25 billion in customer bill credits over 48 months as a regulatory concession.
Tone: bullishRevenue
$25.8B
NEE 10-K · FY 2025
Employees
17,400
Revenue FY2024
$23.5B
Headquarters
Juno Beach, FL
Profile
NEE 10-K Item 1 · Feb 13, 2026NextEra Energy is one of the largest electric power and energy infrastructure companies in North America, operating through two principal businesses: Florida Power & Light (FPL), the largest electric utility in Florida and the U.S., and NextEra Energy Resources (NEER), one of the largest energy infrastructure developers in the U.S. FPL serves more than six million customer accounts in Florida, while NEER develops, constructs and operates long-term contracted generation facilities across renewables, nuclear and natural gas, as well as battery storage, regulated transmission and a customer supply business.
Read filing description ↓ Collapse description ↑
NEE is one of the largest electric power and energy infrastructure companies in North America. As of December 31, 2025, NEE had approximately 80 gigawatts of net generation and storage capacity from a diverse portfolio of assets, primarily including natural gas, wind, solar and nuclear generation facilities and battery storage facilities. NEE has two principal businesses, FPL and NEER. FPL is the largest electric utility in Florida and the U.S. FPL's strategic focus is centered on investing in generation, storage, transmission and distribution facilities to deliver on its value proposition of keeping customer bills low and delivering high reliability, outstanding customer service and energy from diverse generation sources for the benefit of its more than six million customer accounts. NEER is one of the largest energy infrastructure developers in the U.S. NEER's strategic focus is centered on the development, construction and operation of long-term contracted generation facilities, including renewables, nuclear and natural gas, as well as battery storage facilities. NEER also builds and owns regulated electric and gas transmission assets, is a leading gas and power supplier, and delivers integrated energy and technology solutions to utilities and businesses across the U.S. NEE seeks to create value in its two principal businesses by meeting customer needs more economically and reliably than its competitors. NEE and its subsidiaries, with employees totaling approximately 17,400 as of December 31, 2025, continue to develop and implement enterprise-wide initiatives, including deploying advanced technologies such as artificial intelligence and proprietary tools, focused on improving processes, lowering costs and driving growth.
Primary products
- Electric generation (natural gas, wind, solar, nuclear)
- Battery storage
- Rate-regulated electric transmission
- Regulated natural gas transmission
- Full energy and capacity requirements services
- Renewable energy credits (RECs)
Business segments
End markets
Geographies
Named customers
Named competitors
“NEER primarily competes on the basis of price, but believes that its track record of completing projects on schedule, creditworthiness, operating scale and ability to offer and manage reliable customized risk solutions to wholesale customers are competitive advantages.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
FPL operating revenues increased from $17.0 billion in 2024 to $18.3 billion in 2025, driven primarily by continued investments in plant in service and a higher earned regulatory ROE; consolidated NEE segment revenues are not presented as a single line in the excerpted statements.
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