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, 2020

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, 2020 AND 2019

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, 2020 AND 2019

     2-3  

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2020

     4  

NOTES TO FINANCIAL STATEMENTS

     5  

SUPPLEMENTAL SCHEDULE

  

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

     12  

SIGNATURE

     19  

EXHIBIT INDEX

     20  

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, 2020 and 2019, the related statement of changes in net assets available for benefits for the year ended December 31, 2020, 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, 2020 and 2019, and the changes in net assets available for benefits for the year ended December 31, 2020, 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, 2020 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 28, 2021

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

DECEMBER 31, 2020 AND 2019

 

     December 31, 2020  
     Participant-      Nonparticipant-         
     Directed      Directed      Total  

ASSETS

        

Investments, at fair value (see Note 6)

        

Registered investment companies

   $ 465,863,497      $ 12,927,819      $ 478,791,316  

Collective trust funds

     1,960,916,880        —          1,960,916,880  

Preferred stock

     2,716,992        —          2,716,992  

Common stock other than NextEra Energy, Inc. common stock

     725,850,189        —          725,850,189  

NextEra Energy, Inc. common stock

     730,052,112        2,041,564,947        2,771,617,059  
  

 

 

    

 

 

    

 

 

 

Total investments, at fair value

     3,885,399,670        2,054,492,766        5,939,892,436  

Investments, at contract value (see Note 7)

     314,305,072        —          314,305,072  
  

 

 

    

 

 

    

 

 

 

Total investments

     4,199,704,742        2,054,492,766        6,254,197,508  
  

 

 

    

 

 

    

 

 

 

Receivables

        

Participant loans

     72,150,958        —          72,150,958  

Pending trades due from brokers

     2,779,946        —          2,779,946  

Employer contributions

     —          1,960,004        1,960,004  

Other receivables

     1,015,749        1,453        1,017,202  
  

 

 

    

 

 

    

 

 

 

Total receivables

     75,946,653        1,961,457        77,908,110  
  

 

 

    

 

 

    

 

 

 

Total assets

     4,275,651,395        2,056,454,223        6,332,105,618  
  

 

 

    

 

 

    

 

 

 

LIABILITIES

        

Pending trades due to brokers

     7,743,668        —          7,743,668  

Other payables

     3,366,091        66,061        3,432,152  
  

 

 

    

 

 

    

 

 

 

Total liabilities

     11,109,759        66,061        11,175,820  
  

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

   $ 4,264,541,636      $ 2,056,388,162      $ 6,320,929,798  
  

 

 

    

 

 

    

 

 

 

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

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

DECEMBER 31, 2020 AND 2019

 

     December 31, 2019  
     Participant-      Nonparticipant-         
     Directed      Directed      Total  

ASSETS

        

Investments, at fair value (see Note 6)

        

Registered investment companies

   $ 457,348,294      $ 13,125,773      $ 470,474,067  

Collective trust funds

     1,790,874,697        —          1,790,874,697  

Preferred stock

     1,504,241        —          1,504,241  

Common stock other than NextEra Energy, Inc. common stock

     502,911,296        —          502,911,296  

NextEra Energy, Inc. common stock

     639,026,780        1,677,568,945        2,316,595,725  
  

 

 

    

 

 

    

 

 

 

Total investments, at fair value

     3,391,665,308        1,690,694,718        5,082,360,026  

Investments, at contract value (see Note 7)

     262,827,593        —          262,827,593  
  

 

 

    

 

 

    

 

 

 

Total investments

     3,654,492,901        1,690,694,718        5,345,187,619  
  

 

 

    

 

 

    

 

 

 

Receivables

        

Participant loans

     72,987,097        —          72,987,097  

Pending trades due from brokers

     969,079        —          969,079  

Employer contributions

     —          1,870,927        1,870,927  

Other receivables

     1,151,762        15,369        1,167,131  
  

 

 

    

 

 

    

 

 

 

Total receivables

     75,107,938        1,886,296        76,994,234  
  

 

 

    

 

 

    

 

 

 

Total assets

     3,729,600,839        1,692,581,014        5,422,181,853  
  

 

 

    

 

 

    

 

 

 

LIABILITIES

        

Pending trades due to brokers

     429,458        —          429,458  

Other payables

     3,163,072        79,265        3,242,337  
  

 

 

    

 

 

    

 

 

 

Total liabilities

     3,592,530        79,265        3,671,795  
  

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

   $ 3,726,008,309      $ 1,692,501,749      $ 5,418,510,058  
  

 

 

    

 

 

    

 

 

 

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

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2020

 

     Participant-      Nonparticipant-         
     Directed      Directed      Total  

ADDITIONS TO NET ASSETS ATTRIBUTED TO:

        

Net appreciation in fair value of investments

   $ 639,674,591      $ 447,956,270      $ 1,087,630,861  

Interest income

     9,928,491        —          9,928,491  

Dividend income

     27,228,453        37,617,660        64,846,113  
  

 

 

    

 

 

    

 

 

 

Net investment income

     676,831,535        485,573,930        1,162,405,465  

Contributions

        

Participant

     170,782,525        —          170,782,525  

Employer - NextEra Energy, Inc. common stock

     —          63,951,346        63,951,346  

Rollovers

     22,448,965        —          22,448,965  
  

 

 

    

 

 

    

 

 

 

Total contributions

     193,231,490        63,951,346        257,182,836  

Transfer from/to nonparticipant-directed investments

     62,238,597        2,111,888        64,350,485  
  

 

 

    

 

 

    

 

 

 

Total net additions

     932,301,622        551,637,164        1,483,938,786  

DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:

        

Benefit payments to participants and beneficiaries

     387,147,496        125,106,514        512,254,010  

Management and administrative expenses

     4,508,911        405,640        4,914,551  

Transfer from/to participant-directed investments

     2,111,888        62,238,597        64,350,485  
  

 

 

    

 

 

    

 

 

 

Total deductions

     393,768,295        187,750,751        581,519,046  

NET INCREASE

   $ 538,533,327      $ 363,886,413      $ 902,419,740  
  

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2019

   $ 3,726,008,309      $ 1,692,501,749      $ 5,418,510,058  
  

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2020

   $ 4,264,541,636      $ 2,056,388,162      $ 6,320,929,798  
  

 

 

    

 

 

    

 

 

 

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

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2020 AND 2019

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 differing 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.

The Company’s Board of Directors approved a four-for-one stock split of Company Stock effective October 26, 2020. Participants’ account balances did not change as a result of the stock split.

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 Benefit Plans Administrative Committee (as appointed by the Employee Benefits Advisory Committee of the Company) 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 the Employee Benefits Advisory Committee of the Company) is the named investment fiduciary, but is not directly responsible for the management and control of the Plan assets. The Employee Benefits Advisory Committee acts on behalf of the Company as the Plan Sponsor, as defined by ERISA. Fidelity Workspace 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, 2020 AND 2019

 

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

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 non-vested 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 2020 totaled $2,111,888 and forfeitures applied to administrative fees in 2020 totaled $411,148. At December 31, 2020 and 2019, the balance of the forfeiture account was $27,333 and $300,512, 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, each Participant may borrow from his or her 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 which is updated quarterly. Loans outstanding at December 31, 2020 carry an interest rate of 3.25% to 7.25% and mature between 2021 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 for varying periods 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 $61 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.

CARES Act

As a result of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) enacted on March 27, 2020, the plan administrator implemented new CARES Act options including withdrawal provisions, loans, and temporary waiver of required minimum distributions.

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.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2020 AND 2019

 

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 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 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.

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 which 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

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2020 AND 2019

 

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.

3. Risks and Uncertainties

Investments

Investment securities, in general, are exposed to various risks, such as interest rate, credit, liquidity 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 will 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.

Coronavirus Pandemic

The Company is closely monitoring the global outbreak of the novel coronavirus (COVID-19). We are unable to determine the ultimate severity or duration of the outbreak or its effect on, among other things, the global, national or local economy. To date COVID-19 has not had a material adverse impact to the Company’s business or the Plan.

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 2020, dividends on shares of Company Stock held in Participants’ accounts totaled $51,409,145.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2020 AND 2019

 

During 2020, employer contributions of Company Stock credited to Participant’s accounts totaled $63,951,346 which equated to 341,587 shares. Realized gains on shares of Company Stock sold by Participants during 2020 totaled $21,682,084. At December 31, 2020 and 2019, the number of shares of Company Stock held in Participants’ accounts totaled 35,925,043 and 38,265,540, respectively, with a fair value of $2,771,617,059 and $2,316,595,725, respectively. Shares for 2019 have been retrospectively adjusted to reflect the four-for-one stock split discussed in Note 1.

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 $72,150,958 and $72,987,097 at December 31, 2020 and December 31, 2019, 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, 2020  
     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

   $ 465,863,497      $ —        $ —        $ 465,863,497  

Collective trust funds

     —          1,960,916,880        —          1,960,916,880  

Preferred stock

     —          —          2,716,992        2,716,992  

Common stock other than NextEra Energy, Inc. common stock

     719,684,241        —          6,165,948        725,850,189  

NextEra Energy, Inc. common stock

     730,052,112        —          —          730,052,112  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total participant-directed investments

     1,915,599,850        1,960,916,880        8,882,940        3,885,399,670  

Nonparticipant-directed investments:

           

Registered investment companies

     12,927,819        —          —          12,927,819  

NextEra Energy, Inc. common stock

     2,041,564,947        —          —          2,041,564,947  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total nonparticipant-directed investments

     2,054,492,766        —          —          2,054,492,766  

Total investments in the fair value hierarchy

     3,970,092,616        1,960,916,880        8,882,940        5,939,892,436  
  

 

 

    

 

 

    

 

 

    

 

 

 

Investments at contract value

              314,305,072  
           

 

 

 

Total investments

            $  6,254,197,508  
           

 

 

 

 

9


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2020 AND 2019

 

     December 31, 2019  
     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

   $ 457,348,294      $ —        $ —        $ 457,348,294  

Collective trust funds

     —          1,790,874,697        —          1,790,874,697  

Preferred stock

     —          —          1,504,241        1,504,241  

Common stock other than NextEra Energy, Inc. common stock

     501,161,180        —          1,750,116        502,911,296  

NextEra Energy, Inc. common stock

     639,026,780        —          —          639,026,780  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total participant-directed investments

     1,597,536,254        1,790,874,697        3,254,357        3,391,665,308  

Nonparticipant-directed investments:

           

Registered investment companies

     13,125,773        —          —          13,125,773  

NextEra Energy, Inc. common stock

     1,677,568,945        —          —          1,677,568,945  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total nonparticipant-directed investments

     1,690,694,718        —          —          1,690,694,718  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total investments in the fair value hierarchy

     3,288,230,972        1,790,874,697        3,254,357        5,082,360,026  
  

 

 

    

 

 

    

 

 

    

 

 

 

Investments at contract value

              262,827,593  
           

 

 

 

Total investments

            $ 5,345,187,619  
           

 

 

 

7. Managed Income Fund

The contract value of fully benefit-responsive investment contracts was $314,305,072 and $262,827,593 respectively, at December 31, 2020 and 2019. The contract value of the fully benefit-responsive investment contracts includes cash of $5,607,314 and $0, respectively at December 31, 2020 and 2019. The contract value of the fully benefit-responsive investment contracts includes a short-term collective trust fund in the amount of $0 and $5,042,277, respectively, at December 31, 2020 and 2019. Pending trades due from brokers related to fully benefit-responsive investment contracts were $1,129,718 and $0, respectively at December 31, 2020 and 2019. Pending trades due to brokers related to fully benefit-responsive investment contracts were $4,585,278 and $0, respectively at December 31, 2020 and 2019. 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 $4,962,362 and $7,675,401, respectively, at December 31, 2020 and 2019.

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.

 

10


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2020 AND 2019

 

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, 2020 and 2019, 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. Currently, there are no tax audits for any tax periods in progress and the plan administrator believes it is no longer subject to tax audits for periods prior to 2018. A DOL audit was completed March 11, 2021 for plan years 2015 through 2018.

 

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, 2020

 

(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)

     5,607,314      **    $ 5,607,314  
        

 

  

 

 

 
   Total Cash and Cash Equivalents       —      $ 5,607,314  
        

 

  

 

 

 
   Common Stock:         
  

ADVANCED MICRO DEVICES INC

     38,174      **    $ 3,500,938  
  

AIRBNB INC CLASS A

     2,122      **      311,510  
  

ALIBABA GROUP HOLDING LTD SPON ADR

     39,330      **      9,153,271  
  

ALPHABET INC CL C

     6,172      **      10,812,603  
  

ALPHABET INC CL A

     14,719      **      25,797,108  
  

AMAZON.COM INC

     13,891      **      45,242,015  
  

ANTHEM INC

     6,680      **      2,144,881  
  

APPLE INC

     164,518      **      21,829,893  
  

AVANTOR INC

     130,588      **      3,676,052  
  

BECTON DICKINSON & CO

     14,322      **      3,583,651  
  

THE BOOKING HOLDINGS INC

     2,321      **      5,169,494  
  

CIGNA CORP

     49,937      **      10,395,885  
  

CARMAX INC

     20,734      **      1,958,534  
  

CARVANA CO CL A

     15,563      **      3,727,961  
  

CENTENE CORP

     46,221      **      2,774,647  
  

CHIPOTLE MEXICAN GRILL INC

     2,090      **      2,898,224  
  

COSTAR GROUP INC

     4,079      **      3,770,138  
  

DOLLAR GENERAL CORP

     27,135      **      5,706,490  
  

DOORDASH INC

     1,717      **      245,102  
  

MARVELL TECHNOLOGY GROUP LTD

     53,244      **      2,531,220  
  

DRAFTKINGS INC CL A

     53,728      **      2,501,576  
  

FACEBOOK INC CL A

     100,929      **      27,569,766  
  

FARFETCH LTD CL A

     31,695      **      2,022,458  
  

FIDELITY NATL INFORM SVCS INC

     19,955      **      2,822,834  
  

GLOBAL PAYMENTS INC

     81,148      **      17,480,902  
  

GOLDMAN SACHS GROUP INC

     11,363      **      2,996,537  
  

HCA HEALTHCARE INC

     31,359      **      5,157,301  
  

HUMANA INC

     9,917      **      4,068,647  
  

IAC/INTERACTIVECORP

     14,282      **      2,704,297  
  

INCYTE CORP

     30,155      **      2,622,882  
  

INGERSOLL RAND INC

     94,383      **      4,300,089  
  

INTUIT INC

     31,025      **      11,784,846  
  

INTUITIVE SURGICAL INC

     10,771      **      8,811,755  
  

LULULEMON ATHLETICA INC

     10,402      **      3,620,208  
  

MATCH GROUP INC

     33,793      **      5,109,164  
  

MICROSOFT CORP

     166,385      **      37,007,352  
  

MONGODB INC CL A

     8,470      **      3,041,069  
  

NETFLIX INC

     18,232      **      9,858,589  
  

NIKE INC CL B

     25,151      **      3,558,112  
  

NORFOLK SOUTHERN CORP

     9,061      **      2,152,984  
  

PAYPAL HLDGS INC

     44,183      **      10,347,658  
  

RINGCENTRAL INC CL A

     4,796      **      1,817,540  
  

ROSS STORES INC

     68,329      **      8,391,484  
  

S&P GLOBAL INC

     8,164      **      2,683,752  
  

SALESFORCE.COM INC

     42,122      **      9,373,409  
  

SCHWAB CHARLES CORP

     40,776      **      2,162,759  
  

SEA LTD ADR

     6,748      **      1,343,189  
  

SEMPRA ENERGY

     33,885      **      4,317,288  
  

SERVICENOW INC

     11,764      **      6,475,259  
  

SLACK TECHNOLOGIES INC CL A

     29,214      **      1,233,999  
  

SNAP INC - A

     241,418      **      12,087,799  
  

SNOWFLAKE INC CL A

     1,534      **      431,668  
  

SPLUNK INC

     33,583      **      5,705,416  
  

STRYKER CORP

     39,301      **      9,630,317  
  

SYNOPSYS INC

     13,478      **      3,494,037  
  

TENCENT HOLDINGS LTD UNS ADR

     125,775      **      9,041,965  
  

UNITEDHEALTH GROUP INC

     26,668      **      9,351,934  
  

VERTEX PHARMACEUTICALS INC

     22,487      **      5,314,577  
  

VISA INC CL A

     86,366      **      18,890,835  
  

APTIV PLC

     50,136      **      6,532,219  
  

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

     14,531      **      7,087,059  
  

SPOTIFY TECHNOLOGY SA

     24,276      **      7,638,686  
  

WIX.COM LTD

     5,401      **      1,350,034  
  

XP INC CL A

     30,524      **      1,210,887  
  

SHOPIFY INC CL A

     554      **      627,100  
  

STRIPE INC CLASS B PP

     9,148      **      143,532  

 

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, 2020

 

(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  
 
  

DOORDASH INC (180 DAY LOCKUP)

     3,145      **     404,054  
  

AIRBNB INC (180 DAY LOCKUP)

     18,740      **     2,475,929  
  

UIPATH INC CLASS A PP

     4,059      **     118,086  
  

AURORA INNOVATION SER B PC PP

     28,470      **     263,071  
  

MAGIC LEAP INC PC SER E-D PP

     3,654      **     12,899  
  

RIVIAN AUTOMOTIVE INC SER E PC PP

     150,912      **     2,337,627  
  

NURO INC/CA SER C PC PP

     31,464      **     410,750  
  

FIVERR INTERNATIONAL LTD

     28,826      **     5,623,953  
  

WIX.COM LTD

     31,439      **     7,858,493  
  

ELASTIC NV

     72,431      **     10,584,342  
  

WYNDHAM HOTELS & RESORTS INC

     101,343      **     6,023,828  
  

VARONIS SYSTEMS INC

     55,435      **     9,069,720  
  

TANDEM DIABETES CARE INC

     120,626      **     11,541,496  
  

STITCH FIX

     136,600      **     8,021,152  
  

SAILPOINT TECHNOLOGIES HOLDING INC

     144,957      **     7,717,511  
  

REDFIN CORP

     89,825      **     6,164,690  
  

PAPA JOHNS INTL INC

     97,439      **     8,267,699  
  

PACIFIC BIOSCIENES OF CALI INC

     493,427      **     12,799,496  
  

NEW YORK TIMES CO CL A

     195,166      **     10,103,744  
  

NEVRO CORPORATION

     45,360      **     7,851,816  
  

LYFT INC

     247,953      **     12,181,931  
  

LIVERAMP HOLDINGS INC

     179,569      **     13,142,655  
  

LIBERTY BROADBAND CORP C

     42,561      **     6,740,386  
  

IRHYTHM TECHNOLOGIES INC

     28,177      **     6,683,866  
  

HEALTHEQUITY INC

     173,016      **     12,060,945  
  

GUIDEWIRE SOFTWARE INC

     65,318      **     8,408,386  
  

GROCERY OUTLET HOLDING CORP

     322,097      **     12,642,307  
  

GRACO INC

     86,611      **     6,266,306  
  

FIVE BELOW INC

     27,261      **     4,770,130  
  

FARFETCH LTD CL A

     105,635      **     6,740,569  
  

EQUITY COMMONWEALTH

     120,586      **     3,289,586  
  

DOLBY LABORATORIES INC CL A

     82,162      **     7,980,395  
  

CARLYLE GROUP INC (THE)

     123,455      **     3,881,425  
  

BIO TECHNE CORP

     36,175      **     11,487,371  
  

BILL.COM HOLDINGS INC

     48,428      **     6,610,422  
  

ANAPLAN INC

     98,614      **     7,085,416  
  

ABIOMED INC

     21,969      **     7,122,350  

*

  

NEXTERA ENERGY, INC. (PARTICIPANT DIRECTED)

     9,462,762      **     730,052,112  

*

  

NEXTERA ENERGY, INC. (NON-PARTICIPANT DIRECTED)

     26,462,281      $306,356,413     2,041,564,947  
        

 

 

 

 

 
  

Total Common Stock

      $306,356,413   $ 3,497,467,248  
        

 

 

 

 

 
  

Preferred Stock:

       
  

UIPATH INC 0% SER D-1 PFD PERP PP

     29,814      **   $ 554,345  
  

UIPATH INC 0% SER D-2 PFD PERP PP

     5,007      **     93,097  
  

RIVIAN AUTOMOTIVE INC SER D PFD PERP PP

     97,495      **     1,510,199  
  

UIPATH INC 0% SER E PC PERP PP

     807      **     15,005  
  

RAPPI INC SER E PFD PERP PP

     9,111      **     544,346  
        

 

 

 

 

 
  

Total Preferred Stock

      —     $ 2,716,992  
        

 

 

 

 

 
  

Collective Trust Funds:

       

*

  

Aristotle Sm Cap Eq

     5,242,723      **   $ 73,188,413  

*

  

Blackrock Russell 2000 Index Fund M

     721,297      **     19,671,276  

*

  

BTC ACWI EX US IMI M

     2,525,337      **     41,602,156  

*

  

BTC Equity Index J

     13,880,778      **     236,726,953  

*

  

BTC Russell 3000 M

     4,905,664      **     107,072,494  

*

  

BTC Us Debt Index M

     5,975,372      **     78,303,375  

*

  

Cohen & Steers US Realty Shares B

     2,893,252      **     47,507,204  

*

  

Fidelity Low-priced Stock Pool

     3,931,210      **     69,661,047  

*

  

LS Core PL FXINC D

     5,095,089      **     90,183,077  

*

  

PIMCO Diversified Real Asset Trust

     635,720      **     9,745,593  

*

  

Vanguard Target 2015

     1,339,652      **     79,803,093  

*

  

Vanguard Target 2020

     525,637      **     34,360,901  

*

  

Vanguard Target 2025

     4,900,521      **     342,007,361  

*

  

Vanguard Target 2030

     498,852      **     36,720,495  

*

  

Vanguard Target 2035

     4,109,027      **     318,326,354  

*

  

Vanguard Target 2040

     275,743      **     22,189,010  

*

  

Vanguard Target 2045

     2,435,004      **     199,085,955  

*

  

Vanguard Target 2050

     207,416      **     16,989,430  

*

  

Vanguard Target 2055

     773,981      **     63,303,910  

*

  

Vanguard Target 2060

     115,912      **     5,708,671  

*

  

Vanguard Target 2065

     175,108      **     5,326,790  

 

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, 2020

 

(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  
 

*

  

Vanguard Target Inc

     820,028      **     42,362,643  

*

  

SSBK GOVERNMENT STIF FUND (US LARGE CAP GROWTH FUND)

     4,853,011      **     4,853,011  

*

  

SSBK STIF FUND (SMALL MID CAP GROWTH FUND)

     16,217,668      **     16,217,668  
        

 

 

 

 

 
  

Total Collective Trust Funds

      —     $  1,960,916,880  
        

 

 

 

 

 
  

Registered Investment Companies:

       

*

  

EATON VANCE FLOATING-RATE & HIGH INCOME FUND R6

     2,220,454      **   $ 19,118,105  

*

  

VANGUARD PRIME CAP CORE FUND

     3,403,154      **     98,623,407  

*

  

VANGUARD VMMR-FED MONEY MARKET

     145,171,394      **     145,171,394  

*

  

JPM EQUITY INCOME R6 FUND

     4,693,350      **     92,599,800  

*

  

AF EUROPAC GROWTH R6

     1,482,687      **     102,750,206  

*

  

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

     2,638,223      **     2,638,223  

*

  

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

     12,927,819      $ 12,927,819     12,927,819  

*

  

FIDELITY INSTITUTIONAL CASH PORTFOLIO (MANAGED INCOME FUND)

     4,962,362      **     4,962,362  
        

 

 

 

 

 
  

Total Registered Investment Companies

      $12,927,819   $ 478,791,316  
        

 

 

 

 

 
  

U.S. Treasury Notes:

       
  

UST NOTES 1.375% 08/31/2023

     27,802,500      **   $ 28,838,145  
  

UST NOTES 1.875% 07/31/2022

     13,786,000      **     14,274,363  
  

UST NOTES 3.125% 11/15/2028

     9,841,500      **     11,686,346  
  

UST NOTES 2.5% 02/15/2022

     1,572,600      **     1,629,284  
  

UST NOTES 2.375% 08/15/2024

     20,269,000      **     22,024,843  
  

UST NOTE 2% 08/15/2025

     29,889,600      **     32,414,327  
  

UST NOTES 1.875% 2/28/22

     21,015,200      **     21,575,956  
  

UST NOTES 1.625% 09/30/2026

     1,354,000      **     1,448,689  
  

UST NOTES 1.5% 01/31/2027

     457,000      **     487,092  
  

UST NOTES 0.375% 04/30/2025

     15,274,100      **     15,335,969  
  

UST NOTES 0.125% 08/15/2023

     15,809,000      **     15,806,585  
  

UST NOTES 0.875% 11/15/2030

     6,921,000      **     6,901,827  
  

UST NOTES 0.625% 11/30/2027

     2,384,000      **     2,383,820  
  

UST NOTES 0.125% 12/15/2023

     3,526,000      **     3,521,798  
  

UST NOTES 0.625% 12/31/2027

     1,349,000      **     1,346,915  
        

 

 

 

 

 
  

Total U.S. Treasury Notes

      —     $ 179,675,959  
        

 

 

 

 

 
  

Government Agency Notes:

       
  

NYS UDC 2.7% 3/15/2023

     630,000      **   $ 663,617  
  

NYS UDC 2.67% 3/15/2023

     775,000      **     815,782  
  

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

     165,000      **     172,694  
  

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

     155,000      **     167,134  
  

CA ST 2.40% 10/1/2025

     440,000      **     480,269  
        

 

 

 

 

 
  

Total Government Agency Notes

      —     $ 2,299,496  
        

 

 

 

 

 
  

Mortgage Backed Securities:

       
  

FHLG 5.50% 3/34 #G01665

     33,098      **   $ 38,489  
  

FHLG 7.50%7/34 #G02115

     47,457      **     54,856  
  

FHLG 25YR 5.50% 7/35 #G05815

     22,234      **     25,785  
  

FHLG 15YR 2.5% 10/01/2031#G16387

     363,374      **     380,336  
  

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

     613,832      **     647,674  
  

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

     354,999      **     384,093  
  

FHLG 15YR4.00%4/26 #E02867

     28,458      **     30,306  
  

FHLG 15YR 3% 05/01/2029#J32373

     1,237,047      **     1,307,182  
  

FHLG 15YR 2.5% 11/01/2028#J32374

     1,173,835      **     1,230,465  
  

FHLG 15YR 2% 01/01/2032#ZS7735

     1,667,810      **     1,753,045  
  

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

     697,005      **     732,416  
  

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

     857,534      **     901,075  
  

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

     670,636      **     727,420  
  

FHLG 5.50% 5/34 #Z40042

     241,385      **     279,308  
  

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

     376,305      **     403,564  
  

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

     183,318      **     198,342  
  

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 2.682% 10/25/2022

     137,000      **     141,969  
  

FHMS K027 A2 2.637% 01/23

     555,000      **     576,922  
  

FEDERAL HOME LN MTG MLT CTF GT 3.3% 04/25/2023

     522,000      **     556,262  
  

FEDERAL HOME LN MTG MLT CTF GT 2013-K033 A2 3.06%07/25/2023

     948,000      **     1,009,287  
  

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

     925,000      **     995,456  
  

FEDERAL HOME LN MTG MLT CTF GT K720 A2 2.716% 06/25/2022

     633,000      **     649,774  
  

FEDERAL HOME LN MTG MLT CTF GT K722 A2 2.406% 03/25/2023

     577,000      **     600,354  
  

FHMS K724 A1 2.776% 03/23

     128,236      **     130,729  
  

FHMS 2017-K727 A1 2.632% 10/25/2023

     67,813      **     69,349  
  

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

     660,000      **     711,976  
  

FNMA 6.50% 8/36 #AE0746

     22,136      **     26,000  
  

FNMA 6.50% 12/35 #AD0723

     31,217      **     36,620  

 

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, 2020

 

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

     678,623      **     733,603  
  

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

     1,601,100      **     1,700,090  
  

FNMA 20YR 3.00% 11/32 #MA1237

     1,226,666      **     1,308,255  
  

FNMA 6.50% 8/36 #888544

     25,355      **     29,821  
  

FNMA 6.50% 8/36 #888034

     7,256      **     8,480  
  

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

     1,051,891      **     1,125,800  
  

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

     803,941      **     865,956  
  

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

     940,197      **     1,027,838  
  

FNMA 30YR 3% 03/01/2050#FM2870

     1,672,838      **     1,798,742  
  

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

     1,894,137      **     2,080,170  
  

FNMA 15YR 2.5% 11/29#FM2692

     1,488,156      **     1,559,576  
  

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

     183,279      **     197,652  
  

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

     263,624      **     285,369  
  

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

     572,995      **     622,407  
  

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

     779,202      **     862,777  
  

FNMA 15YR 3% 06/01/2033#

     457,920      **     484,605  
  

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

     116,012      **     128,324  
  

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

     48,354      **     53,123  
  

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

     86,600      **     95,142  
  

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

     709,507      **     770,691  
  

FNMA 15YR 4% 05/29#BM5499

     1,041,304      **     1,108,758  
  

FNMA 15YR 3% 09/01/2032#BM5110

     745,384      **     789,520  
  

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

     1,586,897      **     1,679,869  
  

FNMA 3.5% 07/32#BM3929

     538,604      **     582,582  
  

FNMA 15YR 3% 12/31#BM1790

     268,277      **     283,408  
  

FNMA 6.50%7/35 #745092

     5,975      **     7,059  
  

FNMA 6.50% 12/32 #735415

     5,468      **     6,409  
  

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

     285,494      **     301,605  
  

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

     77,878      **     81,767  
  

FNMA 15YR 3.5% 10/01/2029#AL5851

     77,155      **     83,712  
  

FNMA 15YR 3.5% 09/01/2029#AL5878

     185,618      **     201,393  
  

FNMA 5.50% 11/34 #310105

     177,422      **     205,309  
  

FNMA 6.50% 7/32 #545759

     9,041      **     10,604  
  

FNMA 6.50%7/32 #545762

     5,190      **     6,079  
  

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

     91,505      **     98,268  
  

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

     112,485      **     120,376  
  

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

     132,633      **     141,316  
  

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

     72,823      **     77,386  
  

GNII II 3.5% 01/01/2051 #TBA

     875,000      **     927,241  
  

GNII II 4% 04/20/2047#MA4383

     486,572      **     525,717  
  

WELLS FARGO COML MTG TR 2016-C37 A2 3.103% 12/15/2049

     262,714      **     266,529  
  

WFCM 2016-C36 A1 1.453% 11/15/59

     10,549      **     10,563  
  

WFCM 2016-C34 A2 2.603% 06/49

     343,640      **     346,251  
  

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

     300,892      **     317,059  
  

WFCM 2013-LC12 A1 1.676 7/46

     23,377      **     23,423  
  

WFCM 2012-LC5 A3 2.918% 10/45

     676,665      **     698,657  
  

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

     154,468      **     163,141  
  

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

     82,974      **     86,908  
  

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

     312,000      **     341,918  
  

WF-RBS COMMERCIAL MORTGAGE TRUST 2013-C12 2.838% 03/15/2048

     27,452      **     28,155  
  

WFRBS COML MTG TR 2013-C12 A4 3.198% 03/15/2048

     151,000      **     158,357  
  

WFRBS 2013-C11 A5 3.071% 03/45

     1,086,000      **     1,137,089  
  

WFRBS 2012-C7 A2 3.431% 6/45

     271,000      **     280,351  
  

WFRBS 2011-C3 A4 4.375% 3/15/44

     333,864      **     335,544  
  

WFRBS 2012-C9 A3 2.87% 11/45

     368,299      **     378,602  
  

WFRBS 2013-C14 A5 3.337% 6/46

     698,000      **     739,584  
  

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

     432,186      **     454,530  
  

WFRBS COML MTG TR 2014-C20ASB 3.638% 05/15/2047

     113,024      **     119,087  
  

UBSBB 2012-C2 A4 3.525 5/63

     343,000      **     354,396  
  

MORGAN STANLEY CAP I TR 2019-MEAD 3.17% 11/10/2036 144A

     374,000      **     389,451  
  

MORGAN STANLEY BK AMER MERRILL LYNCH TR 2016-C31 1.511% 11/15/2021

     16,908      **     16,937  
  

MSBAM 2016-C28 3.272% 01/15/49

     169,964      **     184,901  
  

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

     74,617      **     78,445  
  

MSBAM 2014-C17 ASB 3.477% 8/47

     330,618      **     347,753  
  

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

     229,763      **     240,310  
  

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

     219,648      **     228,677  
  

MSBAM 2013-C11 A4 CSTR 8/46

     166,000      **     178,707  
  

MSBAM 2013-C8 A4 3.134% 12/48

     516,000      **     539,638  
  

MSBAM 2012-C6 A4 2.858% 11/45

     570,873      **     589,233  
  

MORGAN STANLEY BK AMER MERRILL LYNCH TR 2016-C32 A1 1.968% 12/15/49

     61,277      **     61,613  
  

MSBAM 2013-C7 A4 2.918% 02/46

     451,000      **     469,646  
  

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

     132,789      **     139,134  

*

  

JPMDB COML MTG SECS TR 2016-C4 1.5366% 12/15/2049

     385,415      **     386,753  

*

  

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

     248,986      **     253,597  

 

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, 2020

 

(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  
 

*

  

JPMBB 2014-C22 ASB 3.5036% 09/15/2047

     187,548      **     196,860  

*

  

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

     444,000      **     489,042  

*

  

J P MORGAN CHASE COML MTG SECS TR 2013-C13 A4 3.9936% 01/15/2046

     315,298      **     338,994  

*

  

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

     533,597      **     558,724  

*

  

JP MORGAN CHASE COML MTG SE 2012-C8 A3 2.8291% 10/15/2045

     251,190      **     259,033  

*

  

JPMCC 2015-JP1 A2 3.1438% 01/15/2049

     30,977      **     31,055  
  

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

     64,607      **     68,011  
  

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

     55,412      **     57,987  
  

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

     221,408      **     233,553  
  

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

     188,113      **     200,070  
  

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

     276,722      **     291,723  
  

GSMS 2012-GCJ9 A3 2.773% 11/45

     825,778      **     852,169  
  

GSMS 2012-GCJ7 A4 3.377% 05/45

     737,167      **     748,287  
  

GS MTG SECS TR 2013-GC10 A5 2.943% 02/10/2046

     622,000      **     646,967  
  

GSMS 2012-GC6 A3 3.482% 01/45

     304,849      **     310,510  
  

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

     119,063      **     132,576  
  

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

     139,895      **     155,395  
  

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

     577,000      **     604,752  
  

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

     328,000      **     356,814  
  

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

     382,000      **     414,973  
  

COMM 2015-CR22 A2 2.856% 03/48

     61,252      **     61,381  
  

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

     179,563      **     188,574  
  

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

     212,252      **     224,287  
  

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

     153,239      **     162,874  
  

CSMC 2016-NXSR A1 1.9708% 12/15/2049

     33,123      **     33,274  
  

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

     460,000      **     475,864  
  

COMM 2012-LC4 A4 3.288% 12/44

     627,861      **     638,265  
  

COMM 2012-CR3 ASB 2.372% 11/45

     143,549      **     145,703  
  

COMM 2012-CR3 A3 2.822% 10/15/45

     311,944      **     320,550  
  

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

     308,463      **     325,420  
  

COMM 2013-CCRE8 MTG TR 3.612% 06/10/2046

     209,000      **     223,423  
  

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

     222,540      **     234,415  
  

CSAIL 2015-C3 A4 3.7182% 08/15/2048

     474,000      **     528,897  
  

CGCMT 2016-P6 A1 1.884% 12/49

     12,608      **     12,649  
  

CGCMT 2012-GC8 A4 3.024% 9/45

     391,472      **     401,621  
  

CGCMT 13-GC11 A4 3.093% 04/46

     82,000      **     86,209  
  

CGCMT 13-GC15 A4 4.371% 9/46

     195,000      **     213,425  
  

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

     249,000      **     271,399  
  

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

     137,294      **     144,088  
  

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

     400,271      **     434,578  
  

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

     295,000      **     314,756  
  

CGCMT 2017-P7 A2 3.212% 04/50

     286,000      **     292,523  
  

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

     366,000      **     391,824  
  

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

     42,312      **     43,739  
  

FEDERAL NAT MTG ASN GTD REM 2012-151 PA 1.5% 01/25/2043

     248,019      **     252,043  
  

FEDERAL NAT MTG ASN GTD REM PA 1.5% 02/25/2043

     363,240      **     369,141  
  

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

     151,411      **     158,605  
  

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

     351,777      **     360,471  
  

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

     316,131      **     337,489  
  

FNR 2015-49 LE 3% 07/45

     270,244      **     291,970  
  

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

     216,653      **     229,855  
  

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

     626,194      **     659,149  
  

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

     516,543      **     550,383  
  

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

     359,406      **     382,233  
  

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

     282,669      **     295,576  
  

FNR 2016-26 CG 3% 05/46

     762,698      **     812,001  
  

FNR 2016-19 AH 3% 04/46

     288,989      **     308,415  
  

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

     399,620      **     426,821  
  

FNR 2016-27 KG 3% 01/40

     195,718      **     209,355  
  

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

     790,378      **     841,010  
  

FNR 2016-34 GH 3% 06/46

     727,708      **     784,431  
  

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

     366,739      **     390,663  
  

FNR 2016-100 P 3.5% 11/44

     556,137      **     595,984  
  

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

     739,136      **     787,461  
  

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

     620,217      **     664,725  
  

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

     583,477      **     619,218  
  

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

     435,167      **     461,700  
  

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

     1,009,685      **     1,070,032  
  

FEDERAL NATL MTG AS GTD RE PTT 2018-44 PA 3.5% 06/25/2044

     1,067,931      **     1,083,412  
  

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

     310,459      **     317,764  
  

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

     488,781      **     511,241  
  

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

     571,989      **     602,651  

 

16


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, 2020

 

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

     502,273      **     534,103  
  

FNR 2018-88 BA 4% 11/25/2043

     268,912      **     272,226  
  

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

     1,365,890      **     1,434,634  
  

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

     273,497      **     295,370  
  

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

     440,830      **     465,560  
  

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

     676,785      **     713,550  
  

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

     410,634      **     428,616  
  

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

     931,882      **     967,037  
  

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

     34,161      **     35,266  
  

FEDERAL HOME LN MTG MLT CTF GT 2% 08/15/2032

     83,452      **     84,182  
  

FEDERAL HOME LN MTG MLT CTF GT 2% 10/15/2032

     89,033      **     89,844  
  

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

     248,950      **     265,307  
  

FREDDIE MAC 4656 PA 3.5% 10/15/2045

     412,127      **     439,609  
  

FHR 4683 EA 2.5% 05/47

     541,651      **     570,306  
  

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

     783,586      **     829,410  
  

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

     765,493      **     812,345  
  

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

     484,600      **     511,848  
  

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

     594,719      **     633,513  
  

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

     544,574      **     564,662  
  

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

     505,080      **     532,404  
  

FREDDIE MAC REMICS 3% 10/25/2048

     530,790      **     567,444  
        

 

 

 

 

 
  

Total Mortgage Backed Securities

      —     $ 86,459,060  
        

 

 

 

 

 
  

Asset Backed Securities:

       
  

ALLY MASTER OWNER TR 2.7% 01/17/2023

     540,000      **   $ 541,131  
  

ALLY MASTER OWNER TR 2018-2 A 3.29% 05/15/2023

     683,000      **     691,561  
  

AMXCA 2018-4 A 2.99% 12/15/2023

     543,000      **     549,280  
  

AMERICAN EXPRESS CR ACC MST TR 18-6 A 3.06% 02/15/2024

     539,000      **     547,975  
  

AMERICAN EXPRESS CR ACCT MS TR 2019-2 A 2.67% 11/15/2024

     690,000      **     712,406  
  

AMERICAN EXPRESS CR ACCOUNT SECD NT TR 2019-1 A 2.87% 10/15/2024

     223,000      **     230,376  
  

BA CR CARD TR 2018-A1 A1 2.7% 07/17/2023

     674,000      **     676,787  
  

BA CR CARD TR 0.34% 05/15/2026

     983,000      **     984,332  
  

BMW FLOORPLAN MASTER OWNER TR 3.15% 5/15/23 144A

     499,000      **     504,934  
  

BMW VEHICLE LEASE TRUST TR 2019-1 2.84% 11/22/2021

     180,610      **     181,404  
  

BANK OF THE WEST AUTO TRUST 2017-1 2.11% 01/15/2023 144A

     122,863      **     123,488  
  

BANK OF THE WEST AUTO TRUST 2018-1 A3 3.43% 12/15/2022 144A

     111,346      **     112,415  
  

BANK OF THE WEST AUTO TRUST 2019-1 2.43% 04/15/2024 144A

     296,000      **     301,945  
  

CNH EQUIP TR 2018-A 3.12% 07/17/2023

     266,588      **     270,390  
  

CANADIAN PACER AUTO RECEIVABLES TRUST 2018-2A A3 3.27% 12/19/2022 144A

     252,959      **     256,419  
  

CAPITAL ONE MULTI-ASST EXEC TR 2.84% 12/15/2024

     710,000      **     731,667  
  

CARMAX AUTO OWNER TRUST 2017-4 2.11% 10/17/2022

     54,787      **     55,048  
  

CARMX 2017-3 A3 1.97% 04/15/22

     21,578      **     21,633  
  

CARMX 2018-2 A3 2.98% 01/23

     149,738      **     151,546  
  

CARMAX AUTO OWNER TR 2018-4 3.36% 09/15/2023

     285,855      **     292,305  
  

CARMAX AUTO OWNER TR 2019-1 3.05% 03/15/2024

     428,018      **     437,886  
  

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

     499,000      **     500,920  
  

CCCIT 2018-A1 A1 2.49% 1/23

     555,000      **     561,862  
  

DELL EQUIPMENT FINANCE TRUST 2018-1 A3 3.18% 06/22/2023 144A

     31,419      **     31,566  
  

DELL EQUIPMENT FINANCE TRUST 2018-2 A3 3.37% 10/22/2023 144A

     109,815      **     110,516  
  

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

     381,000      **     382,353  
  

DISCOVER CARD EXECUTION NT TR2018-A5 A5 3.32% 03/15/2024

     659,000      **     674,405  
  

DISCOVER CARD EXECUTION NT TR 2019-A1 A1 3.04% 07/15/2024

     531,000      **     547,427  
  

FORD CREDIT FLOORPLAN MASTER 2018-1 A1 2.95% 05/15/2023

     678,000      **     685,605  
  

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

     652,000      **     656,818  
  

FORD CREDIT AUTO OWNER TRUST 16-1 A 2.31% 08/15/2027 144A

     249,000      **     249,836  
  

FORD CR AUTO LEASE TR 2020-A 1.85% 03/15/2023

     247,000      **     250,519  
  

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

     550,000      **     600,702  
  

GMF FLOORPLAN OWNER REVOLVING TR 3.13% 03/15/2023144A

     513,000      **     516,594  
  

GMF FLOORPLAN OWNER REVOLVING TR 0.68% 08/15/2025144A

     294,000      **     295,828  
  

GMF FLOORPLAN OWNER REVOLVING TR 0.69% 10/15/2025144A

     653,000      **     656,809  
  

GMCAR 2018-1A A3 2.32% 7/18/22

     63,599      **     63,947  
  

GM FINANCIAL AUTOMOBILE LEASING 2020-3 0.45% 08/21/2023

     401,000      **     402,052  
  

GM FINANCIAL AUTOMOBILE LEASING TRUST 2019-1 2.98% 12/20/2021

     131,134      **     131,816  
  

GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2019-12.97% 11/16/2023

     359,452      **     366,072  
  

GM FINL AUTOMOBILE LEASING TR 2019-1 2.67% 03/21/2022

     133,323      **     134,169  
  

HYUNDAI AUTO RECEIVABLES TR 19-B 1.94% 02/15/202415/2024

     393,000      **     400,556  
  

HYUNDAI AUTO LEASE SECURITIZATION TR 2018-A A3 2.79% 07/15/2022

     120,833      **     121,769  
  

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

     636,000      **     637,214  
  

JOHN DEERE OWNER TR 2019-B 2.21% 12/15/2023

     435,000      **     443,823  
  

KUBOTA CR OWNER TR 2018-1A A3 3.1% 08/15/2022 144A

     326,046      **     330,006  
  

MERCEDES-BENZ AUTO LEASE TRUST 2019-B A3 2.03% 10/17/2022

     300,000      **     304,109  
  

MERCEDES BENZ AUTO LEASE TR 2020-A 1.84% 12/15/2022

     320,000      **     324,732  
  

MERCEDES-BENZ AUTO LEASE TR 2019-A A3 3.1% 11/15/2021

     144,729      **     145,524  

 

17


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, 2020

 

(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  
 
  

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

     722,000      **     724,474  
  

SECURITIZED TERM AUTO RECEIVABLES TR 2019-1 2.986% 02/27/2023 144A

     236,915      **     239,931  
  

SECURITIZED TERM AUTO RECEIVABLES TRUST 2018-2A A3 3.325% 08/25/2022 144A

     295,811      **     298,725  
  

TOYOTA AUTO RECEIVABLES 2018-B A3 OWNER TRUST 2.96% 09/15/2022

     161,327      **     163,258  
  

VERIZON OWNER TR 2020-A 1.85% 07/22/2024

     630,000      **     645,481  
  

VOLKSWAGEN AUTO LN ENHANCED TR 2018-1 A3 3.02% 11/21/2022

     188,134      **     190,532  
  

WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TR 2019-A A3 2.94% 05/16/2022

     287,000      **     290,003  
        

 

 

 

 

 
  

Total Asset Backed Securities

      —     $ 21,454,881  
        

 

 

 

 

 
  

Corporate Bonds:

       
  

AMAZON.COM INC 0.8% 06/03/2025

     355,000      **   $ 360,356  
  

APPLE INC 2.85% 05/06/2021

     510,000      **     516,366  
  

APPLE INC 0.75% 05/11/2023

     600,000      **     607,745  
  

BANK OF MONTREAL QUE 1.85% 05/01/2025

     800,000      **     842,159  
  

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

     293,000      **     307,136  
  

BANK NOVA SCOTIA BC 2.7% 03/07/2022

     640,000      **     664,228  
  

BERKSHIRE HATHAWAY INC DEL 2.75% 03/15/2023

     320,000      **     338,625  
  

CHEVRON CORP NEW 1.141% 05/11/2023

     541,000      **     553,214  
  

CHEVRON CORP NEW 1.554% 05/11/2025

     620,000      **     645,291  
  

EQUINOR ASA 1.75% 01/22/2026

     120,000      **     126,956  
  

EXXON MOBIL CORP 2.222% 03/01/2021

     640,000      **     645,658  
  

GENERAL ELECTRIC CO 3.375% 03/11/2024

     602,000      **     660,750  
  

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

     700,000      **     752,079  
  

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

     600,000      **     608,584  
  

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

     800,000      **     815,136  
  

HSBC HOLDINGS PLC 3.262/VAR 03/13/2023

     1,000,000      **     1,043,343  
*   

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

     800,000      **     847,984  
*   

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

     660,000      **     668,125  
  

JOHNSON & JOHNSON 2.25% 03/03/2022

     2,385,000      **     2,454,342  
  

MET LIFE GLOB FUNDING I 2.65% 04/08/2022 144A

     950,000      **     983,858  
  

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

     473,000      **     479,238  
  

MICROSOFT CORP 1.55% 08/08/2021

     1,000,000      **     1,013,030  
  

NEW YORK LIFE GLB FD MTN 144A 1.7% 09/14/2021 144A

     1,000,000      **     1,014,889  
  

NEW YORK LIFE GLB FD MTN 144A 2.3% 06/10/2022 144A

     1,000,000      **     1,030,206  
  

NEW YORK LIFE INSURANCE CO 1.1% 05/05/2023 144A

     310,000      **     315,916  
  

NOVARTIS CAP CORP 2.4% 05/17/2022

     1,000,000      **     1,030,634  
  

PECO ENERGY COMPANY 1.7% 09/30/2021

     660,000      **     669,183  
  

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

     439,000      **     445,013  
  

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

     651,000      **     695,145  
  

PRICOA GLOBAL FDG I MTN 2.45% 09/21/2022 144A

     448,000      **     467,155  
  

PROTECTIVE LIFE GLOBAL FDG 2.615% 08/22/2022 144A

     450,000      **     470,474  
  

ROYAL BANK OF CANADA 1.15% 06/10/2025

     610,000      **     623,622  
*   

STATE STREET CORP 1.95% 05/19/2021

     1,000,000      **     1,008,931  
  

TOYOTA MOTOR CREDIT CORP 3.05% 01/08/2021

     179,000      **     181,667  
  

UBS AG LON BRANCH 1.75% 04/21/2022 144A

     910,000      **     929,265  
  

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

     150,000      **     154,229  
  

WALMART INC 2.85% 07/08/2024

     1,000,000      **     1,095,377  
  

WELLS FARGO BK NA SF CA MTN BE 3ML+65 09/09/2022

     2,700,000      **     2,748,617  
        

 

 

 

 

 
  

Total Corporate Bonds

      —     $ 28,814,526  
        

 

 

 

 

 
  

Synthetic guaranteed investment contract and wrapper contracts:

       
  

ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE GUARANTEED INVESTMENT CONTRACT

      **   $ (10,006,164
        

 

 

 

 

 
  

Total synthetic guaranteed investment contract and wrapper contracts

      —     $ (10,006,164
        

 

 

 

 

 

*

  

Participant loans

    
3.25% -7.25%
Maturing 2021 - 2035
 
 
   **   $ 72,150,958  
        

 

 

 

 

 
  

Total investments at year end

      $319,284,232   $ 6,326,348,466  
        

 

 

 

 

 

 

*

Party-in-interest

**

Historical cost is disclosed only for nonparticipant-directed investments

 

18


Table of Contents

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 28, 2021     

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

  

 

19


Table of Contents

EXHIBIT INDEX

 

Exhibit

Number

 

Description

23(a)   Consent of Crowe LLP

 

20

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