Liquidity

Credit Facility Overview

Credit Facility Overview

NextEra Energy and its subsidiaries require substantial amounts of liquidity to support and grow its businesses. In addition to its strong access to the capital markets, NextEra Energy has partnered with a large and diverse bank group to provide one of the most robust credit facilities in the industry. With credit facilities of over $22 billion, NextEra Energy is well positioned to execute on its capital investment plans, through all industry cycles.

$ millions FPL NEECH Total

Corporate credit facilities(1)

- Various maturity dates
(February 2026 to February 2030)

- Syndicated, 42 banks participating

 $2,846 $8,519 $11,365

Global credit facilities

- FPL facility maturity in April 2025

- NEECH facility maturity in
November 2025

- Syndicated, 32 banks participating

 $500 $2,000 $2,500

Bilateral letter of credit facilities(2)

- Various NEECH maturity dates
(June 2025 to October 2027) 

11 individual bilateral facilities 

 - $3,854 $3,854

Bilateral revolving credit facilities(3)

- Various FPL facility maturity dates
(April 2025 to February 2027)

- Various NEECH facility maturity dates (April 2025 to August 2027) 

- 27 individual bilateral facilities

 $1,080 $3,550 $4,630
$4,426 $17,923 $22,349

Data as of March 31, 2025

 

1) ~$3,239 million matures in February 2026; $295 million matures in February 2028; and $7,830 million matures in February 2030

2) $899 million in bi-lateral letter of credit facilities expire over the next 12 months

3) $3,625 million in bi-lateral revolving credit facilities expire over the next 12 months

Largest Portfolio of Corporate Credit Facilities in the Industry

Corporate Credit Facilities(1)   Color
NEE 22.3 #30a310
Peer A 9.9 #007db6
Peer B 9.9 #007db6
Peer C 9.0 #007db6
Peer D 8.8 #007db6
Peer E 8.1 #007db6
Peer F 7.7 #007db6
Peer G 6.0 #007db6
Peer H 5.9 #007db6
Peer I 4.9 #007db6
Peer J 4.8 #007db6

Source: Bank of America Merrill Lynch for all peer related information as of December 31, 2024; NextEra data as of March 31, 2025

 

Corporate Credit Facilities

Our diverse banking relationships have enabled us to secure ~$51 billion(1) in credit from close to 100 banks that span 22 countries and 5 continents.

(values are in $ billion)

 

1) Reflects current corporate credit facilities, commitments, term loans and current project debt funded or committed as of March 31, 2025

Debt Maturity Profile

We have financed our businesses such that our maturity profile roughly matches our assets’ lives and maturities are highly manageable; we further benefit from continued access to the capital markets.

  • Debt Maturity Profile
  • Peer Comparison
  • Debt Maturity Profile
  • Peer Comparison
  FPL
2025 1700
2026 661
2027 328
2028 1992
2029 948
2030 500
2031 0
2032 1500
2033 1943
2034 1868
2035 734
2036 219
2037 668
2038 600
2039 630
2040 625
2041 650
2042 1613
2043 90
2044 729
2045 85
2046 121
2047 760
2048 1555
2049 1576
2050 50
2051 1200
2052 96
2053 750
2054 1194
2055 950
2056 0
2057 0
2058 0 
2059 0
2060 0
2061 0
2062 0
2063 0
2064 0
2065 700 
2066 0
2067 0
2068 193
2069
 43
2070 320
2071 325
2072 444
2073 485
2074 167
2075 0
2076 0
2077 0
2078 0
2079 0
2080 0
2081 0 
2082 0
  Capital Holdings
2025 3142
2026 1912
2027 7040
2028 4250
2029 5881
2030 3426
2031 699
2032 2687
2033 1000
2034 1100
2035 1000
2036 0
2037 0
2038 0
2039 0
2040 0
2041 0
2042 0
2043 0
2044 0
2045 0
2046 0
2047 0
2048 0
2049 0
2050 0
2051 0
2052 424
2053 1013
2054 3000 
2055 3250
2056 0
2057 755
2058 0
2059 0
2060 0
2061 0
2062 275
2063 0
2064 0
2065 0
2066 319
2067 312
2068 0
2069
 0
2070 0
2071 0
2072 0
2073 0
2074 0
2075 0
2076 0
2077 550
2078 0
2079 1188
2080 0
2081 0
2082 600
  Energy Resources (self-amortizing debt)
2025 397
2026 261
2027

4318
2028 2660
2029 3175
2030 0
2031 243
2032 886
2033 289
2034 155
2035 81
2036 51
2037 50
2038 0
2039 96
2040 59
2041 19
2042 1162
2043 0
2044 97
2045 0
2046 0
2047 313
2048 7
2049 1188
2050 0
2051 0
2052 58
2053 0
2054 70
2055 0
2056 0
2057 0
2058 0
2059 0
2060 0
2061 0
2062 0
2063 0
2064 0
2065 0
2066 0
2067 0
2068 0
2069
 0
2070 0
2071 0
2072 0
2073 0
2074 0
2075 0
2076 0
2077 0
2078 0
2079 0
2080 0
2081 0
2082 0

Data as of March 31, 2025

Peer Debt Profile(1)

Our longer-dated weighted average maturity is reflective of a financing strategy that targets matching operating-company level debt with the long-lived nature of our assets, in combination with shorter-dated holding company debt that we generally maintain at Capital Holdings. A balanced mix of tenors and floating rate debt has yielded a longer weighted average tenor, and a weighted average interest rate generally below that of our peers and that indicated by current credit spreads for ‘A’ rated U.S. utilities.

1) Figures reflect total debt, including tax-exempt debt and Junior Subordinated Notes; tenors are based on the final maturity dates of the debt or next remarketing date, if applicable; floating interest rates are based on applicable floating rate resets as of 12/31/2022; fixed and floating interest rates are adjusted for interest rate hedges; does not include nonrecourse / project-level finance debt or hedges

Source: Company Filings & Bank of America; data as of December 31, 2022