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, 2021

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, 2021 AND 2020

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, 2021 AND 2020

     2-3  

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2021

     4  

NOTES TO FINANCIAL STATEMENTS

     5  

SUPPLEMENTAL SCHEDULE

   

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

     12  

SIGNATURE

     18  

EXHIBIT INDEX

     19  

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, 2021 and 2020, the related statement of changes in net assets available for benefits for the year ended December 31, 2021, 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, 2021 and 2020, and the changes in net assets available for benefits for the year ended December 31, 2021, 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, 2021 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 24, 2022

 

1

Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

DECEMBER 31, 2021 AND 2020

 

     December 31, 2021  
     Participant-      Nonparticipant-         
     Directed      Directed      Total  

ASSETS

         

Investments, at fair value (see Note 6)

         

Registered investment companies

    $ 363,911,865      $ 11,502,602      $ 375,414,467  

Collective trust funds

      2,366,486,194        —          2,366,486,194  

Preferred stock

      586,959        —          586,959  

Common stock other than NextEra Energy, Inc. common stock

      747,495,833        —          747,495,833  

NextEra Energy, Inc. common stock

      787,572,292        2,320,176,800        3,107,749,092  
  

 

 

     

 

 

     

 

 

  

Total investments, at fair value

      4,266,053,143        2,331,679,402        6,597,732,545  

Investments, at contract value (see Note 7)

      272,505,589        —          272,505,589  
  

 

 

     

 

 

     

 

 

  

Total investments

      4,538,558,732        2,331,679,402        6,870,238,134  
  

 

 

     

 

 

     

 

 

  

Receivables

         

Participant loans

      70,465,497        —          70,465,497  

Pending trades due from brokers

      2,561,982        —          2,561,982  

Employer contributions

      —          2,133,834        2,133,834  

Other receivables

      717,827        521,406        1,239,233  
  

 

 

     

 

 

     

 

 

  

Total receivables

      73,745,306        2,655,240        76,400,546  

Non-interest bearing cash

      —          10,072        10,072  
  

 

 

     

 

 

     

 

 

  

Total assets

      4,612,304,038        2,334,344,714        6,946,648,752  
  

 

 

     

 

 

     

 

 

  

LIABILITIES

         

Pending trades due to brokers

      2,911,514        —          2,911,514  

Other payables

      4,497,315        92,528        4,589,843  
  

 

 

     

 

 

     

 

 

  

Total liabilities

      7,408,829        92,528        7,501,357  
  

 

 

     

 

 

     

 

 

  

NET ASSETS AVAILABLE FOR BENEFITS

    $ 4,604,895,209      $ 2,334,252,186      $ 6,939,147,395  
  

 

 

     

 

 

     

 

 

  

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

 

2

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

DECEMBER 31, 2021 AND 2020

 

     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

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2021

 

     Participant-      Nonparticipant-         
     Directed      Directed      Total  

ADDITIONS TO NET ASSETS ATTRIBUTED TO:

         

Net appreciation in fair value of investments

    $ 546,880,714      $ 408,684,663      $ 955,565,377  

Interest income

      7,220,734        —          7,220,734  

Dividend income

      30,483,597        39,442,707        69,926,304  
  

 

 

     

 

 

     

 

 

  

Net investment income

      584,585,045        448,127,370        1,032,712,415  

Contributions

         

Participant

      179,902,086        —          179,902,086  

Employer - NextEra Energy, Inc. common stock

      —          66,365,485        66,365,485  

Rollovers

      21,750,503        —          21,750,503  
  

 

 

     

 

 

     

 

 

  

Total contributions

      201,652,589        66,365,485        268,018,074  

Transfer from/to nonparticipant-directed investments

      52,437,682        2,835,593        55,273,275  
  

 

 

     

 

 

     

 

 

  

Total net additions

      838,675,316        517,328,448        1,356,003,764  
  

 

 

     

 

 

     

 

 

  

DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:

         

Benefit payments to participants and beneficiaries

      496,237,622        186,643,413        682,881,035  

Management and administrative expenses

      5,487,022        383,329        5,870,351  

Transfer from/to participant-directed investments

      2,835,593        52,437,682        55,273,275  
  

 

 

     

 

 

     

 

 

  

Total deductions

      504,560,237        239,464,424        744,024,661  
  

 

 

     

 

 

     

 

 

  

NET INCREASE

    $ 334,115,079      $ 277,864,024      $ 611,979,103  
  

 

 

     

 

 

     

 

 

  

INTERPLAN TRANSFER (see Note 1)

    $ 6,238,494      $ —        $ 6,238,494  

NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2020

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

 

 

     

 

 

     

 

 

  

NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2021

    $ 4,604,895,209      $ 2,334,252,186      $ 6,939,147,395  
  

 

 

     

 

 

     

 

 

  

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

 

4

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

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, 2021 AND 2020

 

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 nonvested 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 2021 totaled $2,835,593 and forfeitures applied to administrative fees in 2021 totaled $411,539. At December 31, 2021 and 2020, the balance of the forfeiture account was $133,581 and $27,333, 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, 2021 carry an interest rate of 3.25% to 7.25% and mature between 2022 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 $55 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 Merger

On March 31, 2021, the Company acquired Gridliance Management, LLC (Gridliance). Subsequently, the Gridliance 401(K) Profit Sharing Plan & Trust was merged with and into the Plan resulting in an interplan transfer of all of Gridliance’s accounts and outstanding loans in the amount of $6,238,494.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

 

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.

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 is valued at its quoted market price less a lockup discount (Level 2 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.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

 

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 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

The Plan, in general, is exposed to various risks, many of which are beyond the control of the Plan Sponsor. Some such risks include risks around investment securities 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.

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.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

 

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 2021, dividends on shares of Company Stock held in Participants’ accounts totaled $53,192,217.

During 2021, employer contributions of Company Stock credited to Participant’s accounts totaled $66,365,485 which equated to 841,729 shares. Realized gains on shares of Company Stock sold by Participants during 2021 totaled $13,021,519. At December 31, 2021 and 2020, the number of shares of Company Stock held in Participants’ accounts totaled 33,287,801 and 35,925,043, respectively, with a fair value of $3,107,749,092 and $2,771,617,059, respectively.

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 $70,465,497 and $72,150,958 at December 31, 2021 and December 31, 2020, 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, 2021
     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

    $ 363,911,865      $ —        $ —        $ 363,911,865  

Collective trust funds

      —          2,366,486,194        —          2,366,486,194  

Preferred stock

      —          —          586,959        586,959  

Common stock other than NextEra Energy, Inc. common stock

      719,047,229        26,678,455        1,770,149        747,495,833  

NextEra Energy, Inc. common stock

      787,572,292        —          —          787,572,292  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total participant-directed investments

      1,870,531,386        2,393,164,649        2,357,108        4,266,053,143  

Nonparticipant-directed investments:

            

Registered investment companies

      11,502,602        —          —          11,502,602  

NextEra Energy, Inc. common stock

      2,320,176,800        —          —          2,320,176,800  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total nonparticipant-directed investments

      2,331,679,402        —          —          2,331,679,402  

Total investments in the fair value hierarchy

      4,202,210,788        2,393,164,649        2,357,108        6,597,732,545  
  

 

 

     

 

 

     

 

 

     

 

 

  

Investments at contract value

               272,505,589  
           

 

 

  

Total investments

             $ 6,870,238,134  
           

 

 

  

 

9

Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

 

 

     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  
           

 

 

  

7. Managed Income Fund

The contract value of fully benefit-responsive investment contracts was $272,505,589 and $314,305,072, respectively, at December 31, 2021 and 2020. The contract value of the fully benefit-responsive investment contracts includes cash of $1,911,914 and $5,607,314, respectively, at December 31, 2021 and 2020. Pending trades due from brokers related to fully benefit-responsive investment contracts were $0 and $1,129,718, respectively at December 31, 2021 and 2020. Pending trades due to brokers related to fully benefit-responsive investment contracts were $2,217,702 and $4,585,278, respectively at December 31, 2021 and 2020. 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 $5,099,712 and $4,962,362, respectively, at December 31, 2021 and 2020.

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, 2021 AND 2020

 

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, 2021 and 2020, 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. An IRS audit for 2019 is currently in progress. The plan administrator believes it is no longer subject to tax audits for periods prior to 2019. 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, 2021

 

(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)

      1,911,914      **    $ 1,911,914  
        

 

   

 

 

  
   Total Cash and Cash Equivalents       —      $ 1,911,914  
        

 

   

 

 

  
   Common Stock:         
  

ADVANCED MICRO DEVICES INC

      30,779      **    $ 4,429,098  
  

ALPHABET INC CL A

      14,719      **      42,641,532  
  

ALPHABET INC CL C

      6,172      **      17,859,237  
  

AMAZON.COM INC

      13,643      **      45,490,401  
  

AMPHENOL CORPORATION CL A

      75,100      **      6,568,246  
  

ANTHEM INC

      6,143      **      2,847,526  
  

APPLE INC

      176,843      **      31,402,011  
  

APTIV PLC

      16,899      **      2,787,490  
  

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

      12,034      **      9,580,749  
  

AURORA INNOVATION INC

      16,711      **      188,166  
  

AURORA INNOVATION INC CLASS B (180 DAY LOCK-UP)

      61,803      **      626,312  
  

AVANTOR INC

      128,397      **      5,410,650  
  

BECTON DICKINSON & CO

      13,390      **      3,367,317  
  

BLOCK INC CL A

      8,300      **      1,340,533  
  

CARVANA CO CL A

      14,083      **      3,264,299  
  

CENTENE CORP

      3,565      **      293,756  
  

CHIPOTLE MEXICAN GRILL INC

      1,916      **      3,349,647  
  

CIGNA CORP

      46,882      **      10,765,514  
  

COSTAR GROUP INC

      733      **      57,929  
  

COUPANG INC A

      75,474      **      2,217,426  
  

DOLLAR GENERAL CORP

      27,273      **      6,431,792  
  

DOORDASH INC

      4,862      **      723,952  
  

DRAFTKINGS INC CL A

      46,904      **      1,288,453  
  

FARFETCH LTD CL A

      42,217      **      1,411,314  
  

FISERV INC

      69,538      **      7,217,349  
  

FORTINET INC

      23,954      **      8,609,068  
  

GLOBAL PAYMENTS INC

      57,254      **      7,739,596  
  

HASHICORP INC

      4,438      **      404,035  
  

HCA HEALTHCARE INC

      22,487      **      5,777,360  
  

HUMANA INC

      9,287      **      4,307,868  
  

IAC/INTERACTIVECORP

      19,418      **      2,538,127  
  

INGERSOLL RAND INC

      87,493      **      5,413,192  
  

INTUIT INC

      31,195      **      20,065,248  
  

INTUITIVE SURGICAL INC

      30,566      **      10,982,364  
  

LIVE NATION ENTERTAINMENT INC

      28,171      **      3,371,787  
  

LULULEMON ATHLETICA INC

      9,854      **      3,857,348  
  

MAGIC LEAP INC A

      719      **      13,805  
  

MARKETAXESS HLDGS INC

      2,055      **      845,160  
  

MASTERCARD INC CL A

      18,169      **      6,528,485  
  

MATCH GROUP INC

      32,016      **      4,234,116  
  

META PLATFORMS INC CL A

      88,898      **      29,900,842  
  

MICROSOFT CORP

      166,038      **      55,841,900  
  

MONGODB INC CL A

      8,830      **      4,674,160  
  

NETFLIX INC

      16,316      **      9,829,411  
  

NIKE INC CL B

      21,797      **      3,632,906  
  

NVIDIA CORP

      29,090      **      8,555,660  
  

PAYPAL HLDGS INC

      20,688      **      3,901,343  
  

PELOTON INTERACTIVE INC CL A

      35,108      **      1,255,462  
  

RIVIAN AUTOMOTIVE INC

      22,870      **      2,371,390  
  

RIVIAN AUTOMOTIVE INC (180 DAY LOCK UP)

      279,167      **      26,052,144  
  

ROSS STORES INC

      72,699      **      8,308,042  
  

S&P GLOBAL INC

      7,732      **      3,648,963  
  

SALESFORCE.COM INC

      57,854      **      14,702,437  
  

SCHWAB CHARLES CORP

      27,715      **      2,330,831  
  

SENTINELONE INC

      47,000      **      2,373,030  
  

SERVICENOW INC

      13,067      **      8,481,920  
  

SHOPIFY INC CL A

      1,254      **      1,727,247  
  

SNAP INC - A

      157,062      **      7,386,626  
  

SNOWFLAKE INC CL A

      1,534      **      519,642  
  

SPLUNK INC

      26,019      **      3,010,919  
  

SPOTIFY TECHNOLOGY SA

      29,097      **      6,809,571  
  

STRIPE INC CLASS B PP

      9,148      **      382,569  
  

STRYKER CORP

      37,214      **      9,951,768  
  

SYNOPSYS INC

      15,091      **      5,561,033  
  

THE BOOKING HOLDINGS INC

      2,183      **      5,237,519  
  

UIPATH INC A

      56,578      **      2,440,209  
  

UNITEDHEALTH GROUP INC

      28,887      **      14,505,318  
  

VERTEX PHARMACEUTICALS INC

      17,156      **      3,767,458  
  

VISA INC CL A

      44,735      **      9,694,522  
  

WARNER MUSIC GRP CORP CL A

      26,547      **      1,146,299  
  

WORKDAY INC CL A

      5,607      **      1,531,720  

 

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, 2021

 

(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  		  
  

ZOOM VIDEO COMMUNICATIONS INC CL A

      9,914      **     1,823,284  
  

NURO INC/CA SER C PC PP

      47,663      **     993,570  
  

SILA NANOTECHNOLOGIES INC SER F 0% PC PP

      9,212      **     380,205  
  

ABIOMED INC

      14,733      **     5,291,652  
  

ALLBIRDS INC A

      107,527      **     1,621,507  
  

AZENTA INC

      9,601      **     989,959  
  

BIO TECHNE CORP

      20,181      **     10,440,438  
  

COUPA SOFTWARE INC

      30,770      **     4,863,199  
  

DOLBY LABORATORIES INC CL A

      108,300      **     10,312,326  
  

ELASTIC NV

      72,407      **     8,912,578  
  

FARFETCH LTD CL A

      195,576      **     6,538,106  
  

GRACO INC

      74,023      **     5,967,734  
  

GROCERY OUTLET HOLDING CORP

      349,501      **     9,883,888  
  

LENDINGCLUB CORP

      242,065      **     5,853,132  
  

LIBERTY BROADBAND CORP C

      59,133      **     9,526,326  
  

LYFT INC

      298,347      **     12,748,367  
  

NEVRO CORPORATION

      79,671      **     6,458,928  
  

NEW YORK TIMES CO CL A

      290,453      **     14,028,880  
  

OMNICELL INC

      24,844      **     4,482,851  
  

PACIFIC BIOSCIENES OF CALI INC

      473,736      **     9,692,639  
  

PAPA JOHNS INTL INC

      34,687      **     4,629,674  
  

SAILPOINT TECHNOLOGIES HOLDING INC

      100,876      **     4,876,346  
  

STITCH FIX

      228,740      **     4,327,761  
  

TANDEM DIABETES CARE INC

      83,778      **     12,610,265  
  

TWIST BIOSCIENCE CORP

      58,457      **     4,523,987  
  

UPWORK INC

      204,408      **     6,982,577  
  

VIMEO INC

      253,964      **     4,561,193  
  

VROOM INC

      220,902      **     2,383,533  
  

WIX.COM LTD

      52,251      **     8,244,685  
  

WYNDHAM HOTELS & RESORTS INC

      86,616      **     7,765,124  

*

   

NEXTERA ENERGY, INC. (PARTICIPANT DIRECTED)

      8,435,864      **     787,572,292  

*

   

NEXTERA ENERGY, INC. (NON-PARTICIPANT DIRECTED)

      24,851,937      $345,594,395     2,320,176,800  
        

 

  

 

 

  
  

Total Common Stock

       $345,594,395   $ 3,855,244,925  
        

 

  

 

 

  
  

Preferred Stock:

        
  

RAPPI INC SER E PFD PERP PP

      9,111      **   $ 586,959  
        

 

  

 

 

  
  

Total Preferred Stock

       —     $ 586,959  
        

 

  

 

 

  
  

Collective Trust Funds:

        

*

   

BLACKROCK RUSSELL 2000 INDEX FUND M

      1,254,686      **   $ 39,308,822  

*

   

BTC ACWI EX US IMI M

      2,718,273      **     48,616,576  

*

   

BTC EQUITY INDEX J

      13,991,495      **     307,153,881  

*

   

BTC RUSSELL 3000 M

      5,417,714      **     148,602,480  

*

   

BTC US DEBT INDEX M

      4,841,871      **     62,429,149  

*

   

COHEN & STEERS US REALTY SHARES B

      3,375,288      **     79,251,770  

*

   

LS CORE PL FXINC D

      4,167,492      **     72,972,781  

*

   

PIMCO DIVERSIFIED REAL ASSET TRUST

      798,826      **     15,241,594  

*

   

VANGUARD TARGET 2015

      1,219,135      **     76,854,296  

*

   

VANGUARD TARGET 2020

      707,170      **     50,039,345  

*

   

VANGUARD TARGET 2025

      5,065,822      **     388,649,827  

*

   

VANGUARD TARGET 2030

      1,189,848      **     97,650,794  

*

   

VANGUARD TARGET 2035

      4,380,979      **     383,861,343  

*

   

VANGUARD TARGET 2040

      584,546      **     53,953,564  

*

   

VANGUARD TARGET 2045

      2,735,486      **     260,199,427  

*

   

VANGUARD TARGET 2050

      405,028      **     38,688,285  

*

   

VANGUARD TARGET 2055

      879,242      **     83,862,067  

*

   

VANGUARD TARGET 2060

      212,059      **     12,178,559  

*

   

VANGUARD TARGET 2065

      337,563      **     11,969,983  

*

   

VANGUARD TARGET INC

      834,419      **     45,375,696  

*

   

BLACKROCK RUSSELL 2000 ALPHA TILTS FUND F

      3,722,117      **     77,678,730  

*

   

SSBK GOVERNMENT STIF FUND (US LARGE CAP GROWTH FUND)

      5,186,560      **     5,186,560  

*

   

SSBK STIF FUND (SMALL MID CAP GROWTH FUND)

      6,760,664      **     6,760,665  
        

 

  

 

 

  
  

Total Collective Trust Funds

       —     $ 2,366,486,194  
        

 

  

 

 

  
  

Registered Investment Companies:

        

*

   

AF EUROPAC GROWTH R6

      1,554,365      **   $ 100,614,064  

*

   

EATON VANCE FLOATING-RATE & HIGH INCOME FUND R6

      2,764,400      **     24,077,925  

*

   

JPM EQUITY INCOME R6 FUND

      4,899,181      **     116,845,473  

*

   

VANGUARD VMMR-FED MONEY MARKET

      115,945,939      **     115,945,939  

*

   

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

      1,328,752      **     1,328,752  

*

   

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

      11,502,602      $11,502,602     11,502,602  

*

   

FIDELITY INSTITUTIONAL CASH PORTFOLIO (MANAGED INCOME FUND)

      5,099,712      **     5,099,712  
        

 

  

 

 

  
  

Total Registered Investment Companies

       $11,502,602   $ 375,414,467  
        

 

  

 

 

  

 

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, 2021

 

(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  		  
  

U.S. Treasury Notes:

        
  

UST NOTE 2% 08/15/2025

      29,889,600      **   $ 31,051,781  
  

UST NOTES 0.125% 08/15/2023

      5,712,200      **     5,668,262  
  

UST NOTES 0.25% 05/15/2024

      23,712,100      **     23,396,534  
  

UST NOTES 0.375% 04/30/2025

      15,274,100      **     14,945,016  
  

UST NOTES 0.375% 10/31/2023

      2,500,000      **     2,486,851  
  

UST NOTES 0.625% 07/31/2026

      7,302,400      **     7,116,111  
  

UST NOTES 0.75% 03/31/2026

      36,560,300      **     35,936,282  
  

UST NOTES 0.75% 08/31/2026

      4,500,000      **     4,410,558  
  

UST NOTES 1.125% 10/31/2026

      1,000,000      **     995,276  
  

UST NOTES 1.375% 08/31/2023

      27,802,500      **     28,261,461  
  

UST NOTES 1.375% 11/15/2031

      854,400      **     845,112  
  

UST NOTES 1.625% 09/30/2026

      1,354,000      **     1,382,629  
  

UST NOTES 2.375% 08/15/2024

      25,799,600      **     27,019,691  
        

 

  

 

 

  
  

Total U.S. Treasury Notes

       —     $ 183,515,564  
        

 

  

 

 

  
  

Government Agency Notes:

        
  

CA ST 2.40% 10/1/2025

      440,000      **   $ 462,519  
  

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

      165,000      **     169,407  
  

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

      155,000      **     162,533  
  

NYS UDC 2.67% 3/15/2023

      775,000      **     799,806  
  

NYS UDC 2.7% 3/15/2023

      630,000      **     650,446  
        

 

  

 

 

  
  

Total Government Agency Notes

       —     $ 2,244,711  
        

 

  

 

 

  
  

Mortgage Backed Securities:

        
  

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

      328,000      **   $ 342,942  
  

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

      577,000      **     590,007  
  

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

      303,433      **     316,293  
  

BX 2021-BXMF 1ML+64 10/15/2026 144A

      299,000      **     296,547  
  

BX COMMERCIAL MORTGAGE TRUST 2021-PAC 1ML+71.21 10/15/2036 144A

      325,000      **     323,924  
  

BX TR 2021-ACNT 1ML+85 11/15/2026 144A

      317,000      **     316,696  
  

CGCMT 13-GC11 A4 3.093% 04/46

      82,000      **     83,855  
  

CGCMT 2012-GC8 A4 3.024% 9/45

      391,472      **     394,667  
  

CGCMT 2017-P7 A2 3.212% 04/50

      148,324      **     149,009  
  

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

      249,000      **     261,556  
  

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

      90,290      **     93,102  
  

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

      282,631      **     292,250  
  

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

      241,013      **     250,651  
  

COMM 2012-CR3 ASB 2.372% 11/45

      47,861      **     48,087  
  

COMM 2012-LC4 A4 3.288% 12/44

      77,360      **     77,532  
  

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

      308,463      **     314,680  
  

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

      162,567      **     167,919  
  

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

      122,014      **     126,612  
  

COMM 2015-CR22 A2 2.856% 03/48

      50,579      **     50,715  
  

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

      135,403      **     139,507  
  

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

      168,162      **     173,310  
  

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

      460,000      **     465,610  
  

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

      341,648      **     352,390  
  

ELP COMMERCIAL MORTGAGE TRUST 2021-ELP 1ML+70.1 11/15/2036 144A

      444,000      **     441,544  
  

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

      349,480      **     362,555  
  

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

      136,408      **     138,507  
  

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

      17,038      **     17,110  
  

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

      20,719      **     20,819  
  

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

      948,000      **     978,724  
  

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

      925,000      **     961,676  
  

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

      299,886      **     312,690  
  

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

      349,975      **     364,544  
  

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

      186,601      **     195,233  
  

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

      522,000      **     538,812  
  

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

      312,925      **     325,807  
  

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

      26,321      **     26,571  
  

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

      257,028      **     263,488  
  

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

      81,959      **     89,943  
  

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

      499,091      **     502,619  
  

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

      577,000      **     586,506  
  

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

      660,000      **     687,525  
  

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

      423,898      **     433,806  
  

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

      107,131      **     115,407  
  

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

      365,991      **     382,606  
  

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

      248,783      **     251,558  
  

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

      691,477      **     700,587  
  

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

      463,191      **     476,926  
  

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

      255,173      **     262,463  
  

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

      32,384      **     32,575  
  

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

      384,846      **     402,263  
  

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

      375,264      **     392,311  
  

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

      611,154      **     626,385  

 

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, 2021

 

(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  		  
  

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

      171,461      **     179,931  
  

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

      463,646      **     483,008  
  

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

      881,072      **     909,332  
  

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

      127,523      **     131,796  
  

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

      227,361      **     236,897  
  

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

      325,591      **     336,584  
  

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

      213,090      **     223,072  
  

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

      217,323      **     225,116  
  

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

      285,956      **     296,417  
  

FHLG 7.50% 7/34 #G02115

      37,368      **     42,761  
  

FHLG 15YR 4.00% 4/26 #E02867

      18,315      **     19,312  
  

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

      1,165,270      **     1,199,525  
  

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

      252,843      **     262,247  
  

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

      836,238      **     867,340  
  

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

      482,542      **     501,380  
  

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

      498,188      **     522,783  
  

FHLG 15YR 3% 03/01/2033#SB0181

      869,477      **     913,487  
  

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

      354,772      **     372,857  
  

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

      424,629      **     452,464  
  

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

      287,617      **     303,549  
  

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

      126,611      **     135,181  
  

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

      240,639      **     256,927  
  

FHLG 25YR 5.50% 7/35 #G05815

      17,199      **     19,452  
  

FHLG 5.50% 3/34 #G01665

      25,454      **     28,842  
  

FHLG 5.50% 5/34 #Z40042

      186,557      **     210,584  
  

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

      37,618      **     38,088  
  

FHMS K027 A2 2.637% 01/23

      555,000      **     565,240  
  

FHMS K724 A1 2.776% 03/23

      13,346      **     13,495  
  

FHR 4683 EA 2.5% 05/47

      424,705      **     435,703  
  

FNMA 6.50% 7/32 #545762

      4,078      **     4,718  
  

FNMA 6.50% 7/35 #745092

      4,654      **     5,426  
  

FNMA 6.50% 12/32 #735415

      4,309      **     4,986  
  

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

      218,818      **     227,703  
  

FNMA 15YR 3% 02/01/2033#BM5108

      1,112,276      **     1,169,271  
  

FNMA 15YR 3% 06/01/2033#

      315,747      **     331,730  
  

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

      543,561      **     571,414  
  

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

      1,104,053      **     1,160,972  
  

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

      494,590      **     526,701  
  

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

      137,277      **     145,203  
  

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

      379,185      **     403,685  
  

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

      166,450      **     177,049  
  

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

      55,871      **     59,097  
  

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

      105,919      **     112,233  
  

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

      610,637      **     655,508  
  

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

      1,310,818      **     1,416,972  
  

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

      41,430      **     42,973  
  

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

      90,025      **     93,373  
  

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

      105,868      **     109,542  
  

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

      54,941      **     56,761  
  

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

      72,360      **     75,233  
  

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

      963,267      **     1,013,213  
  

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

      580,519      **     612,434  
  

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

      689,391      **     725,137  
  

FNMA 20YR 3.00% 11/32 #MA1237

      862,111      **     908,429  
  

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

      373,831      **     401,817  
  

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

      55,497      **     60,469  
  

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

      29,260      **     31,881  
  

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

      73,663      **     80,469  
  

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

      1,222,592      **     1,288,278  
  

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

      454,740      **     496,720  
  

FNMA 5.50% 11/34 #310105

      134,470      **     151,679  
  

FNMA 6.50% 12/35 #AD0723

      24,435      **     28,295  
  

FNMA 6.50% 7/32 #545759

      7,195      **     8,330  
  

FNMA 6.50% 8/36 #888034

      6,097      **     7,033  
  

FNMA 6.50% 8/36 #888544

      20,015      **     23,241  
  

FNMA 6.50% 8/36 #AE0746

      17,419      **     20,184  
  

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

      333,765      **     347,834  
  

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

      102,378      **     105,795  
  

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

      272,893      **     283,978  
  

FNR 2015-49 LE 3% 07/45

      210,473      **     219,948  
  

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

      195,530      **     201,147  
  

FNR 2016-100 P 3.5% 11/44

      316,588      **     329,338  
  

FNR 2016-19 AH 3% 04/46

      219,076      **     229,253  
  

FNR 2016-26 CG 3% 05/46

      574,714      **     600,760  
  

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

      312,069      **     326,734  
  

FNR 2016-27 KG 3% 01/40

      144,435      **     151,089  

 

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, 2021

 

(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  		  
  

FNR 2016-34 GH 3% 06/46

      547,533      **     572,502  
  

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

      612,918      **     640,485  
  

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

      452,447      **     471,932  
  

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

      116,394      **     118,349  
  

FREDDIE MAC 4656 PA 3.5% 10/15/2045

      265,573      **     275,287  
  

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

      453,133      **     469,340  
  

FREDDIE MAC REMICS 3% 10/25/2048

      399,338      **     413,575  
  

GNII II 3.5% 01/01/2052 #TBA

      800,000      **     833,146  
  

GNII II 4% 04/20/2047#MA4383

      255,547      **     273,920  
  

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

      622,000      **     633,902  
  

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

      36,433      **     37,429  
  

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

      45,762      **     47,256  
  

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

      202,636      **     209,209  
  

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

      168,039      **     173,335  
  

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

      150,401      **     156,324  
  

GSMS 2012-GCJ7 A4 3.377% 05/45

      123,855      **     124,176  
  

GSMS 2012-GCJ9 A3 2.773% 11/45

      819,429      **     831,732  

*

   

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

      251,190      **     253,788  

*

   

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

      532,450      **     543,298  

*

   

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

      444,000      **     469,332  

*

   

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

      49,910      **     50,014  
  

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

      158,933      **     163,514  
  

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

      48,903      **     50,469  
  

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

      374,000      **     383,989  
  

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

      140,025      **     143,301  
  

MSBAM 2013-C8 A4 3.134% 12/48

      516,000      **     525,186  
  

MSBAM 2014-C17 ASB 3.477% 8/47

      248,748      **     256,523  
  

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

      104,270      **     107,031  
  

MSBAM 2016-C28 3.272% 01/15/49

      141,924      **     146,383  
  

OPG TR 2021-PORT 1ML+49.8 10/15/2036 144A

      730,000      **     723,413  
  

SREIT TR 2021-MFP 1ML+73.08 11/15/2038 144A

      297,000      **     295,727  
  

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

      223,338      **     230,863  
  

WFCM 2012-LC5 A3 2.918% 10/45

      676,665      **     683,428  
  

WFCM 2016-C34 A2 2.603% 06/49

      232,135      **     232,587  
  

WFRBS 2012-C9 A3 2.87% 11/45

      360,112      **     363,952  
  

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

      105,498      **     107,411  
  

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

      54,305      **     55,768  
  

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

      312,000      **     327,138  
  

WFRBS COML MTG TR 2014-C20 ASB 3.638% 05/15/2047

      77,348      **     79,810  
  

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

      311,845      **     322,043  
  

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

      113,356      **     117,424  
  

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

      14,075      **     14,258  
        

 

  

 

 

  
  

Total Mortgage Backed Securities

       —     $ 55,635,375  
        

 

  

 

 

  
  

Asset Backed Securities:

        
  

AMERICAN EXPRESS CR ACC MST TR 0.9% 11/15/2026

      862,000      **   $ 855,516  
  

BA CR CARD TR 0.34% 05/15/2026

      983,000      **     970,188  
  

BA CR CARD TR 0.44% 09/15/2026

      760,000      **     749,114  
  

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

      123,715      **     124,600  
  

CAPITAL ONE MULTI-ASST EXEC TR 1.04% 11/16/2026

      874,000      **     871,092  
  

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

      80,233      **     80,919  
  

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

      499,000      **     496,422  
  

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

      22,522      **     22,575  
  

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

      381,000      **     380,707  
  

DELL EQUIPMENT FINANCE TRUST 2021-1 0.43% 05/22/2026 144A

      303,000      **     301,233  
  

DISCOVER CARD EXECUTION NT TR 0.58% 09/15/2026

      730,000      **     718,839  
  

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

      550,000      **     577,486  
  

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

      652,000      **     649,490  
  

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

      83,500      **     83,965  
  

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

      294,000      **     292,750  
  

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

      653,000      **     648,594  
  

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

      636,000      **     633,378  
  

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

      188,655      **     190,083  
  

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

      73,684      **     73,879  
  

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

      722,000      **     719,480  
  

SANTANDER RETAIL AUTO LEASE TR 2021-A 0.51% 07/22/2024 144A

      411,000      **     408,233  
  

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

      31,917      **     32,010  
  

VERIZON MASTER TRUST 2021-1 A 0.5% 05/20/2027

      561,000      **     553,846  
  

VERIZON MASTER TRUST 2021-1 A 0.99% 04/20/2028

      860,000      **     856,102  
  

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

      630,000      **     635,077  
        

 

  

 

 

  
  

Total Asset Backed Securities

       —     $ 11,925,578  
        

 

  

 

 

  
  

Corporate Bonds:

        
  

7 ELEVEN INC 0.95% 02/10/2026 144A

      229,000      **   $ 222,599  
  

7 ELEVEN INC 1.3% 02/10/2028 144A

      286,000      **     273,842  

 

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, 2021

 

(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  		  
  

APPLE INC 0.75% 05/11/2023

      600,000      **     602,260  
  

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

      293,000      **     296,563  
  

BANK OF MONTREAL QUE 1.85% 05/01/2025

      800,000      **     814,280  
  

BANK OF NOVA SCOTIA 2.7% 03/07/2022

      640,000      **     648,161  
  

BERKSHIRE HATHAWAY INC DEL 2.75% 03/15/2023

      320,000      **     329,323  
  

CHEVRON CORP NEW 1.141% 05/11/2023

      541,000      **     544,899  
  

EQUINOR ASA 1.75% 01/22/2026

      120,000      **     121,654  
  

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

      600,000      **     594,412  
  

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

      800,000      **     784,988  
  

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

      700,000      **     728,083  
  

JOHNSON & JOHNSON 2.25% 03/03/2022

      2,385,000      **     2,406,640  

*

   

JPMORGAN CHASE & CO 0.697%/VAR 03/16/2024

      780,000      **     779,702  

*

   

JPMORGAN CHASE & CO 0.824/VAR 06/01/2025

      587,000      **     580,559  

*

   

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

      660,000      **     643,796  

*

   

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

      800,000      **     815,225  

*

   

JPMORGAN CHASE & CO SOFR 1.47%/VAR 09/22/2027

      730,000      **     718,560  
  

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

      473,000      **     474,565  
  

NEW YORK LIFE GLOBAL FDG 0.85% 01/15/2026 144A

      1,300,000      **     1,273,994  
  

NEW YORK LIFE GLOBAL FDG 2.3% 06/10/2022 144A

      1,000,000      **     1,009,808  
  

NORTHWESTERN MUTUAL GLOBAL FUNDING 0.8% 01/14/2026 144A

      1,200,000      **     1,169,842  
  

NOVARTIS CAP CORP 2.4% 05/17/2022

      1,000,000      **     1,008,809  
  

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

      439,000      **     433,635  
  

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

      651,000      **     676,298  
  

RGA GLOBAL FUNDING 2% 11/30/2026 144A

      271,000      **     272,387  
  

ROYAL BANK OF CANADA 1.15% 06/10/2025

      610,000      **     605,137  
  

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

      150,000      **     151,854  
        

 

  

 

 

  
  

Total Corporate Bonds

       —     $ 18,981,875  
        

 

  

 

 

  
  

Synthetic guaranteed investment contract and wrapper contracts:

        
  

ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE GUARANTEED INVESTMENT CONTRACT

 

    **   $ (1,709,428 ) 
        

 

  

 

 

  
  

Total synthetic guaranteed investment contract and wrapper contracts

       —     $ (1,709,428 ) 
        

 

  

 

 

  

*

   

Participant loans

     

 3.25% - 7.25%

Maturing 2022 - 2035

  

 

    **   $ 70,465,497  
        

 

  

 

 

  
  

Total investments at year end

       $357,096,997   $ 6,940,703,631  
        

 

  

 

 

  

 

*

Party-in-interest

**

Historical cost is disclosed only for nonparticipant-directed investments

 

17

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 24, 2022     

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

  

 

18

Table of Contents

EXHIBIT INDEX

 

Exhibit

Number

  

Description

23(a)   Consent of Crowe LLP

 

19

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