NextEra Energy, Inc. (“NextEra Energy” or the “Company”) engages in the political process because it believes that good government policy benefits its customers, its employees, its shareholders and its other stakeholders. Policy decisions at every level of government can impact the Company’s ability to deliver affordable and reliable energy to its customers. Policy decisions can also impact the Company’s ability to invest in energy infrastructure that strengthens and diversifies the entire electric grid. NextEra Energy has been one of the largest investors of capital in any U.S. industry over the last several years, and believes it has a responsibility to share its perspective with policymakers and to participate as an industry leader in discussions regarding the future of electric power and energy.
NextEra Energy’s political engagement activities are executed in a manner consistent with the Company’s core values. Many factors guide our political contribution decisions. In general, we may support candidates and organizations that share an interest in public policy that advances affordable energy and constructive regulatory environments and supports investments in the infrastructure needed to ensure safe, reliable and cost-effective service for our customers.
NextEra Energy’s active political engagement strategy helps support constructive political and regulatory environments throughout the U.S. and, in doing so, creates long-term shareholder value. Where permitted by law, NextEra Energy makes state-level political expenditures that foster and sustain the Company’s success. In Florida, a constructive regulatory environment is a key foundation to the Company’s regulated utility strategy of continually improving its best-in-class customer value proposition through smart capital investments that also benefit shareholders. This strategy has resulted in Florida Power & Light Company delivering a customer bill that is among the lowest in the nation, while providing industry leading reliability and operating one of the country’s most efficient generation fleets.
At NextEra Energy Resources, local, state and federal regulations govern every aspect of the Company’s energy development business in 49 U.S. states and 4 Canadian provinces. Engagement at the U.S. federal level has helped to develop a diverse mix of energy sources, which supports tens of thousands of U.S. based jobs.
Political expenditures and trade association dues are included in the Company’s annual budget, which is reviewed and approved annually by the Board of Directors.
The Company believes that its responsible participation in the political process and its associated prudent expenditures are in the best interests of the Company, its shareholders and its customers.
To access the NextEra Energy Political Engagement Policy, click here. NextEra Energy has publicly disclosed semi-annually on its website its trade association dues, its expenditures for federal and state lobbying, and contributions from the NextEra Energy PAC and other pertinent information.
NextEra Energy maintains a rigorous compliance process to ensure its political activities are lawful, properly disclosed and aligned with the Company’s Code of Business Conduct and Ethics.
The Company believes that all of its lobbying efforts are consistent with its corporate objective of delivering solutions that drive value for customers, strengthen communities and empower teams. The Company's Governance & Nominating Committee of the Company's Board of Directors has oversight of the Company's lobbying efforts as described in the Company's Political Engagement Policy. The Board of Directors conducts its oversight of lobbying efforts in the context of approving and reviewing the annual corporate strategy and objectives, as well as reviewing key risks and opportunities for the Company.
