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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay Versus Performance table
Year(1)
Summary
Compensation
Table Total
for
First PEO
($)
Summary
Compensation
Table Total
for
Second
PEO
($)
Compensation
Actually
Paid to First
PEO(2)
($)
Compensation
Actually
Paid to Second
PEO(2)
($)
Average
Summary
Compensation
Table Total
for non
-PEO
NEOs
($)
Average
Compensation
Actually Paid
to non
-PEO
NEOs(2)
($)
Value of Initial Fixed
$100 Investment Based
On
:
Net
Income
($MMs)(4)
Adjusted
EPS(5)
($)
Total
Shareholder
Return
($)
Peer
Group
Total
Shareholder
Return(3)
($)
(a)
(b)
(b)
(c)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2022 40,406,018 17,414,329 34,410,149 18,918,020 7,394,893 7,426,310 146.74 118.17 3,246 2.90
2021 25,335,936 N/A 55,348,220 N/A 13,316,860 19,729,777 160.51 118.24 2,827 2.55
2020 23,720,707 N/A 63,079,713 N/A 6,454,940 12,715,279 130.08 100.49 2,369 2.31
(1)
During 2022, our PEOs were Mr. Robo (first PEO) and Mr. Ketchum (second PEO). During 2021 and 2020, our PEO was Mr. Robo. During 2022, our non-PEO NEOs consisted of Mr. Crews, Mrs. Kujawa, Mr. Silagy, Mr. Sieving and Ms. Caplan. During 2021 and 2020, our non-PEO NEOs consisted of Messrs. Ketchum, Silagy and Sieving and Mrs. Kujawa.
(2)
The following table sets forth the adjustments made during each year represented in the PVP Table to arrive at “compensation actually paid” during each year:
PEO and average non-PEO NEOs summary compensation table total to compensation actually paid reconciliation
Year
Executive(s)
Summary
Compensation
Table Total
($)
Deduct
Option and
Stock
Awards
Granted in
Fiscal Year
($)
Add Fair
Value at
Fiscal
Year-End
of
Unvested
Option and
Stock
Awards
Granted in
Fiscal Year
($)
Add
Change in
FAIR Value of
Unvested
Option
and
Stock
Awards
Granted
in
Prior
Fiscal Year
($)
Add
Change
in
FAIR Value
of
Option
and
Stock
Awards
Vested in
Fiscal Year
($)
Deduct
Fair Value
of
Option
and
Stock
Awards
Forfeited
in
Fiscal
Year
($)
Deduct
Change
in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
Column
of the
SCT
($)
Add
Pension
Service
Cost
($)
Add
Dividends
Paid on
Unvested
Shares
in
Fiscal
Year
($)
Compensation
Actually Paid
($)(i)
2022
First PEO
40,406,018 (13,094,677) 18,259,934 (1,507,964) (9,326,246) (1,000,479) 597,194 76,368 34,410,149
Second PEO
17,414,329 (10,623,931) 15,168,274 (1,053,175) (1,857,707) (475,209) 292,699 52,740 18,918,020
Other NEOs
7,394,893 (4,332,201) 6,010,715 (554,750) (1,002,574) (305,362) 185,918 29,670 7,426,310
2021
First PEO
25,335,936 (17,391,104) 23,190,233 14,918,520 9,630,919 (1,023,668) 598,193 89,191 55,348,220
Other NEOs
13,316,860 (9,961,104) 12,160,788 2,529,143 1,788,740 (375,214) 238,766 31,799 19,729,777
2020
First PEO
23,720,707 (16,101,809) 22,483,170 20,062,587 13,222,028 (951,970) 554,570 90,431 63,079,713
Other NEOs
6,454,940 (3,495,669) 4,783,802 3,164,051 1,901,154 (316,805) 193,518 30,289 12,715,279
(i)
Reflects the value of equity calculated in accordance with the SEC methodology for determining compensation actually paid, dividends paid in cash, and pension service cost for each year shown. The fair value of performance share awards was determined using the Monte-Carlo simulation process and the fair value of stock options was determined using the Black-Scholes pricing model. Compensation actually paid does not represent annual compensation realized.
(3)
TSR is determined based on the value of an initial fixed investment of $100 and reflects reinvestment of dividends. The TSR peer group consists of the S&P 500 Utilities Index.
(4)
Net income excludes net income attributable to non-controlling interests.
(5)
See Appendix A for a reconciliation of adjusted EPS to the most directly comparable GAAP financial measure.
Over the last three years, our Company had robust financial and operational performance. Our TSR exceeded the TSR of the S&P 500 Utilities Index; an initial investment of $100 in NextEra Energy stock at the beginning of 2020 would have grown to $146.74 at the end of 2022 while the same investment in the S&P 500 Utilities Index would have yielded $118.17. Our financial performance was strong with FY2021 net income growth of 19.3% and FY2022 net income growth of 14.8%. Adjusted EPS growth was 10.4% in FY2021 and 13.7% in FY2022.
Our Company maintains a pay for performance philosophy and the majority of compensation is performance-based as further described in our Compensation Discussion & Analysis within the sections titled “Delivering for Shareholders, Customers and Community while Successfully Executing our CEO Succession Plan to Position the Organization for the Future” and “Our Target Pay Mix is Heavily Weighted Toward Performance.” Our Company’s substantial financial and operational performance coupled with significant stock price increase resulted in compensation actually paid that exceeds the amounts reported in the Summary Compensation Table for our PEOs and non-PEO NEOs each year, except for Mr. Robo’s 2022 compensation actually paid.
The higher values for compensation actually paid in 2020 and 2021 for our PEOs and non-PEO NEOs aligns with strong TSR, net income and adjusted EPS results over the same period. In 2022, we continued to deliver outstanding net income and adjusted EPS performance and our TSR materially outperformed the S&P 500 Utilities Index on a 3-year basis. The stock price decline in 2022 caused our compensation actually paid to decrease notably compared to 2021 and 2020, illustrating our Company’s commitment to paying for performance and aligning executive compensation with shareholder returns.
   
Company Selected Measure Name Adjusted EPS    
Named Executive Officers, Footnote [Text Block]
(1)
During 2022, our PEOs were Mr. Robo (first PEO) and Mr. Ketchum (second PEO). During 2021 and 2020, our PEO was Mr. Robo. During 2022, our non-PEO NEOs consisted of Mr. Crews, Mrs. Kujawa, Mr. Silagy, Mr. Sieving and Ms. Caplan. During 2021 and 2020, our non-PEO NEOs consisted of Messrs. Ketchum, Silagy and Sieving and Mrs. Kujawa.
   
Peer Group Issuers, Footnote [Text Block]
(3)
TSR is determined based on the value of an initial fixed investment of $100 and reflects reinvestment of dividends. The TSR peer group consists of the S&P 500 Utilities Index.
   
Adjustment To PEO Compensation, Footnote [Text Block]
(2)
The following table sets forth the adjustments made during each year represented in the PVP Table to arrive at “compensation actually paid” during each year:
PEO and average non-PEO NEOs summary compensation table total to compensation actually paid reconciliation
Year
Executive(s)
Summary
Compensation
Table Total
($)
Deduct
Option and
Stock
Awards
Granted in
Fiscal Year
($)
Add Fair
Value at
Fiscal
Year-End
of
Unvested
Option and
Stock
Awards
Granted in
Fiscal Year
($)
Add
Change in
FAIR Value of
Unvested
Option
and
Stock
Awards
Granted
in
Prior
Fiscal Year
($)
Add
Change
in
FAIR Value
of
Option
and
Stock
Awards
Vested in
Fiscal Year
($)
Deduct
Fair Value
of
Option
and
Stock
Awards
Forfeited
in
Fiscal
Year
($)
Deduct
Change
in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
Column
of the
SCT
($)
Add
Pension
Service
Cost
($)
Add
Dividends
Paid on
Unvested
Shares
in
Fiscal
Year
($)
Compensation
Actually Paid
($)(i)
2022
First PEO
40,406,018 (13,094,677) 18,259,934 (1,507,964) (9,326,246) (1,000,479) 597,194 76,368 34,410,149
Second PEO
17,414,329 (10,623,931) 15,168,274 (1,053,175) (1,857,707) (475,209) 292,699 52,740 18,918,020
Other NEOs
7,394,893 (4,332,201) 6,010,715 (554,750) (1,002,574) (305,362) 185,918 29,670 7,426,310
2021
First PEO
25,335,936 (17,391,104) 23,190,233 14,918,520 9,630,919 (1,023,668) 598,193 89,191 55,348,220
Other NEOs
13,316,860 (9,961,104) 12,160,788 2,529,143 1,788,740 (375,214) 238,766 31,799 19,729,777
2020
First PEO
23,720,707 (16,101,809) 22,483,170 20,062,587 13,222,028 (951,970) 554,570 90,431 63,079,713
Other NEOs
6,454,940 (3,495,669) 4,783,802 3,164,051 1,901,154 (316,805) 193,518 30,289 12,715,279
(i)
Reflects the value of equity calculated in accordance with the SEC methodology for determining compensation actually paid, dividends paid in cash, and pension service cost for each year shown. The fair value of performance share awards was determined using the Monte-Carlo simulation process and the fair value of stock options was determined using the Black-Scholes pricing model. Compensation actually paid does not represent annual compensation realized.
   
Non-PEO NEO Average Total Compensation Amount $ 7,394,893 $ 13,316,860 $ 6,454,940
Non-PEO NEO Average Compensation Actually Paid Amount $ 7,426,310 19,729,777 12,715,279
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(2)
The following table sets forth the adjustments made during each year represented in the PVP Table to arrive at “compensation actually paid” during each year:
PEO and average non-PEO NEOs summary compensation table total to compensation actually paid reconciliation
Year
Executive(s)
Summary
Compensation
Table Total
($)
Deduct
Option and
Stock
Awards
Granted in
Fiscal Year
($)
Add Fair
Value at
Fiscal
Year-End
of
Unvested
Option and
Stock
Awards
Granted in
Fiscal Year
($)
Add
Change in
FAIR Value of
Unvested
Option
and
Stock
Awards
Granted
in
Prior
Fiscal Year
($)
Add
Change
in
FAIR Value
of
Option
and
Stock
Awards
Vested in
Fiscal Year
($)
Deduct
Fair Value
of
Option
and
Stock
Awards
Forfeited
in
Fiscal
Year
($)
Deduct
Change
in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
Column
of the
SCT
($)
Add
Pension
Service
Cost
($)
Add
Dividends
Paid on
Unvested
Shares
in
Fiscal
Year
($)
Compensation
Actually Paid
($)(i)
2022
First PEO
40,406,018 (13,094,677) 18,259,934 (1,507,964) (9,326,246) (1,000,479) 597,194 76,368 34,410,149
Second PEO
17,414,329 (10,623,931) 15,168,274 (1,053,175) (1,857,707) (475,209) 292,699 52,740 18,918,020
Other NEOs
7,394,893 (4,332,201) 6,010,715 (554,750) (1,002,574) (305,362) 185,918 29,670 7,426,310
2021
First PEO
25,335,936 (17,391,104) 23,190,233 14,918,520 9,630,919 (1,023,668) 598,193 89,191 55,348,220
Other NEOs
13,316,860 (9,961,104) 12,160,788 2,529,143 1,788,740 (375,214) 238,766 31,799 19,729,777
2020
First PEO
23,720,707 (16,101,809) 22,483,170 20,062,587 13,222,028 (951,970) 554,570 90,431 63,079,713
Other NEOs
6,454,940 (3,495,669) 4,783,802 3,164,051 1,901,154 (316,805) 193,518 30,289 12,715,279
(i)
Reflects the value of equity calculated in accordance with the SEC methodology for determining compensation actually paid, dividends paid in cash, and pension service cost for each year shown. The fair value of performance share awards was determined using the Monte-Carlo simulation process and the fair value of stock options was determined using the Black-Scholes pricing model. Compensation actually paid does not represent annual compensation realized.
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
the relationship between CAP and our TSR;
   
Compensation Actually Paid vs. Net Income [Text Block]
the relationship between CAP and our Net Income; and
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
the relationship between CAP and the Company’s Adjusted EPS for each year, which is our Company Selected Measure (“CSM”). The CSM represents, in our assessment, the most important financial performance measure used to link CAP to Company performance.
   
Total Shareholder Return Vs Peer Group [Text Block]
the relationship between our cumulative TSR and the TSR of the S&P 500 Utilities Index (“Peer Group TSR”);
   
Tabular List [Table Text Block]
Tabular list of most important measures to determine 2022 compensation actually paid
The list below represents the financial performance measures that the Company considers to have been the most important in linking CAP to our PEO and non-PEO NEOs for 2022 to Company performance. The measures are not ranked. Descriptions of these measures, and the manner in which these measures determine the amounts of incentive compensation paid to our NEOs, is described in our Compensation Discussion & Analysis within the sections titled “2022 Annual Performance-Based Incentive Compensation” and “2022 Long-Term Performance-Based Equity Compensation.”
»
Adjusted EPS
»
Adjusted ROE
»
Adjusted Earnings
   
Total Shareholder Return Amount $ 146.74 160.51 130.08
Peer Group Total Shareholder Return Amount 118.17 118.24 100.49
Net Income (Loss) $ 3,246,000,000 $ 2,827,000,000 $ 2,369,000,000
Company Selected Measure Amount 2.9 2.55 2.31
PEO Name Mr. Robo    
Percentage Of Income Growth 14.80% 19.30%  
Percentage Of Adjusted EPS Growth 13.70% 10.40%  
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EPS    
Non-GAAP Measure Description [Text Block]
(4)
Net income excludes net income attributable to non-controlling interests.
(5)
See Appendix A for a reconciliation of adjusted EPS to the most directly comparable GAAP financial measure.
Over the last three years, our Company had robust financial and operational performance. Our TSR exceeded the TSR of the S&P 500 Utilities Index; an initial investment of $100 in NextEra Energy stock at the beginning of 2020 would have grown to $146.74 at the end of 2022 while the same investment in the S&P 500 Utilities Index would have yielded $118.17. Our financial performance was strong with FY2021 net income growth of 19.3% and FY2022 net income growth of 14.8%. Adjusted EPS growth was 10.4% in FY2021 and 13.7% in FY2022.
Our Company maintains a pay for performance philosophy and the majority of compensation is performance-based as further described in our Compensation Discussion & Analysis within the sections titled “Delivering for Shareholders, Customers and Community while Successfully Executing our CEO Succession Plan to Position the Organization for the Future” and “Our Target Pay Mix is Heavily Weighted Toward Performance.” Our Company’s substantial financial and operational performance coupled with significant stock price increase resulted in compensation actually paid that exceeds the amounts reported in the Summary Compensation Table for our PEOs and non-PEO NEOs each year, except for Mr. Robo’s 2022 compensation actually paid.
The higher values for compensation actually paid in 2020 and 2021 for our PEOs and non-PEO NEOs aligns with strong TSR, net income and adjusted EPS results over the same period. In 2022, we continued to deliver outstanding net income and adjusted EPS performance and our TSR materially outperformed the S&P 500 Utilities Index on a 3-year basis. The stock price decline in 2022 caused our compensation actually paid to decrease notably compared to 2021 and 2020, illustrating our Company’s commitment to paying for performance and aligning executive compensation with shareholder returns.
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted ROE    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted Earnings    
James Robo [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount $ 40,406,018 $ 25,335,936 $ 23,720,707
PEO Actually Paid Compensation Amount 34,410,149 55,348,220 63,079,713
James Robo [Member] | Deduct: Option and Stock Awards Granted in Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (13,094,677) (17,391,104) (16,101,809)
James Robo [Member] | Add: Fair Value at Fiscal Year- End of Unvested Option and Stock Awards Granted in Fiscal year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 18,259,934 23,190,233 22,483,170
James Robo [Member] | Add: Change in Value of Unvested Option and Stock Awards Granted in Prior Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,507,964) 14,918,520 20,062,587
James Robo [Member] | Add: Change in Value of Option and Stock Awards Vested in Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (9,326,246) 9,630,919 13,222,028
James Robo [Member] | Deduct: Change in Pension Value and Nonqualified Deferred Compensation Earnings Column of the SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,000,479) (1,023,668) (951,970)
James Robo [Member] | Pension Adjustments Service Cost [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 597,194 598,193 554,570
James Robo [Member] | Add: Dividends Paid on Unvested Shares in Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 76,368 89,191 90,431
John Ketchum [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount 17,414,329    
PEO Actually Paid Compensation Amount 18,918,020    
John Ketchum [Member] | Deduct: Option and Stock Awards Granted in Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (10,623,931)    
John Ketchum [Member] | Add: Fair Value at Fiscal Year- End of Unvested Option and Stock Awards Granted in Fiscal year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 15,168,274    
John Ketchum [Member] | Add: Change in Value of Unvested Option and Stock Awards Granted in Prior Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,053,175)    
John Ketchum [Member] | Add: Change in Value of Option and Stock Awards Vested in Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,857,707)    
John Ketchum [Member] | Deduct: Change in Pension Value and Nonqualified Deferred Compensation Earnings Column of the SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (475,209)    
John Ketchum [Member] | Pension Adjustments Service Cost [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 292,699    
John Ketchum [Member] | Add: Dividends Paid on Unvested Shares in Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 52,740    
Non-PEO NEO [Member] | Deduct: Option and Stock Awards Granted in Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (4,332,201) (9,961,104) (3,495,669)
Non-PEO NEO [Member] | Add: Fair Value at Fiscal Year- End of Unvested Option and Stock Awards Granted in Fiscal year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 6,010,715 12,160,788 4,783,802
Non-PEO NEO [Member] | Add: Change in Value of Unvested Option and Stock Awards Granted in Prior Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (554,750) 2,529,143 3,164,051
Non-PEO NEO [Member] | Add: Change in Value of Option and Stock Awards Vested in Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,002,574) 1,788,740 1,901,154
Non-PEO NEO [Member] | Deduct: Change in Pension Value and Nonqualified Deferred Compensation Earnings Column of the SCT [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (305,362) (375,214) (316,805)
Non-PEO NEO [Member] | Pension Adjustments Service Cost [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 185,918 238,766 193,518
Non-PEO NEO [Member] | Add: Dividends Paid on Unvested Shares in Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 29,670 $ 31,799 $ 30,289