NextEra Energy — Apr 23, 2025 release

With the proposed base rate adjustments and current projections for fuel and other costs, FPL believes its typical residential customer bill would grow at an average 1 annual rate of about 2.5% from January 2025 through the end of 2029, which is expected to result in its typical residential bill being approximately 25% below the projected national average and more than 20% lower than its typical bills 20 years ago when adjusted for inflation. In April, FPL filed its Ten-Year Site Plan with the Florida PSC. The 2025 plan projects the need for over 17 GW of cost-effective solar generation across the service territory over the next 10 years and the deployment of over 7.6 GW of battery storage. With this plan, FPL expects to increase solar from approximately 9% of its total generation in 2024 to approximately 35% in 2034. NextEra Energy Resources NextEra Energy Resources reported first-quarter 2025 net income attributable to NextEra Energy on a GAAP basis of $172 million, or $0.08 per share, compared to net income attributable to NextEra Energy of $966 million, or $0.47 per share, in the prior-year quarter. On an adjusted basis, NextEra Energy Resources' earnings for the first quarter of 2025 were $908 million, or $0.44 per share, compared to $828 million, or $0.40 per share, for the first quarter of 2024. NextEra Energy Resources had a strong quarter for new renewables and storage origination, adding approximately 3.2 GW to its backlog. With these additions, NextEra Energy Resources' backlog now totals roughly 28 GW after taking into account 0.7 GW of new projects placed into service since the fourth-quarter and full-year 2024 financial results call in January. Corporate and Other In the first quarter of 2025 on a GAAP basis, Corpo