NextEra Energy focuses on generating and selling renewable energy, primarily from wind and solar farms. It operates by building and running large-scale wind and solar projects, then selling the electricity produced under long-term contracts to utilities and other big buyers, creating stable revenue. The company finances substantial infrastructure investments (billions of dollars in new projects) to expand capacity and jobs. Its approach stands out through its sheer scale as the largest wind and solar producer worldwide, its steady contract-based revenue model, and its emphasis on community involvement and employee development. Its goal is to provide clean, reliable energy at scale while delivering strong returns to shareholders and sustaining growth in the renewable energy sector.
Company Size
10,001+
Company Stage
IPO
Headquarters
Juno Beach, Florida
Founded
1984
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Judge orders Winter Storm Uri natural gas lawsuit to trial. In a suit brought by Attorney General Gentner Drummond, an Osage County judge ruled NextEra Energy violated the state's Energy Price Stabilization and Consumer Protection acts by o...
Clean Virginia: NextEra's utility takeover attempts, alleged political moves relevant to merger case. By Shannon Heckt - September 23, 2026 5:27 am A protester displays a sign opposing the Dominion-NextEra merger outside the Virginia General Assembly on Aug. 18, 2026. (Photo by Shannon Heckt/Virginia Mercury) Clean Virginia, a clean energy policy advocacy group and an intervenor in the Dominion Energy-NextEra Energy merger case, told the State Corporation Commission in a Tuesday hearing that NextEra's past political ties and attempts to acquire utilities deserve scrutiny in regulators' review of the proposed $67 billion merger. Ahead of the evidentiary hearings beginning later this year, involved parties are working through the discovery portion of the merger case, as legal teams develop their strategy and dig up relevant information to support arguments for or against the approval of the merger. Clean Virginia insisted that the Florida-based NextEra's past political dealings should be considered as part of that process. The group cited the$150 million settlement NextEra agreed to pay in June to resolve a dispute over whether the company lied about its involvement in political interference schemes in Florida, including allegedly funding "ghost candidates" to run against state lawmakers. In other states such as Hawaii and Texas, NextEra has not been successful in its pursuit of utility mergers. In 2016, Hawaii regulators determined that NextEra's effort to acquire Hawaiian Electric Cooperative was not in the public interest. In Texas in 2017, regulators determined that NextEra's attempted acquisition of the utility Oncor did not have tangible benefits and would put ratepayers at risk of being responsible for NextEra's $110 billion debt. NextEra has also faced public criticism for its political lobbying and donations. Clean Virginia also pointed to NextEra's legal actions during former efforts to acquire other utilities across the country, saying it was relevant information that regulators should be privy to during case deliberations. "Things they have represented to other entities and parties that they have used to advance their interests, things that those individuals have said or done, all of that gets to the nature of this entity seeking to acquire the largest electric utility in Virginia," said Greg Habeeb, an attorney representing Clean Virginia in the case. In Virginia, the SCC must consider whether a merger would "pose risk or jeopardy or impairment to the ratepayers," according to state law. Clean Virginia said that these past dealings, whether the deals were completed or not, are important details that paint a comprehensive picture of NextEra. The group also argues that by joining with NextEra, Dominion would essentially be taking ownership of the company's history and track record, aspects that should be part of the joint filer's arguments. "If you're gonna say, one of the reasons you should approve this merger is because of their track record, their core values, their corporate governance, all these sorts of things, then we have to be able to do discovery on those issues," Habeeb said. In the Tuesday hearing, Dominion attorney Joe Reid argued that those aspects are not relevant because NextEra has experienced employee turnover in the ensuing years. Reid added that it is not within the SCC's purview to wade into political discourse. "Clean Virginia wants to have a trial around allegations of misconduct by employees, many of them former employees of NextEra or its subsidiary Florida Power and Light, down in Florida several years ago," Reid said. "They want to have a trial about actions that NextEra took, also years ago, in the political space with respect to two potential utility acquisitions in Florida and South Carolina that were never consummated." The SCC "does not regulate political conduct, and it is not the proper venue for an attempt, with all due respect, at political spectacle," he continued. The commission will now have to determine if the information raised by Clean Virginia can be included in the discovery portion of the case. The SCC also received a recent request from Attorney General Jay Jones to reset the clock on the trial to reflect the start date of the latest supplemental filing by the two companies. The Sept. 14 filing expanded the merger deal offerings by extending customer bill credits to four years instead of two and pledging to build an office building in downtown Richmond. If Jones' request is granted, the review timeline would be pushed back and the commission would need to approve or deny the merger sometime in March.
NextEra's Fayette gas plant open house splits the neighborhood. September 17, 2026 NextEra Energy took its $13 billion, 3,750-megawatt (MW) East Riverside Energy Center to the people on Tuesday night, and the people showed up. Hundreds of Fayette County residents filled Brownsville Area High School for their first look at what would be one of the largest gas-fired power plants in the country. They got poster boards, experts to chat with, and a five-minute slideshow every hour. What they didn't get was a microphone for questions. Marcellus Drilling picked up a few new details, including one that producers and pipeline companies should read twice.
Dominion, NextEra expand Virginia package in merger bid. Editorial Team 2 hours ago 10 2 minutes read (The Center Square) - Dominion Energy and NextEra Energy are offering Virginia customers more bill relief and promising new jobs and investment as they seek approval for their proposed merger. The companies announced Monday they want to extend $10 monthly residential bill credits from two years to four years. They also added commitments for low-income assistance, jobs, workforce development and Virginia businesses. Key details & overview. NextEra CEO John Ketchum said the expanded package was designed around Virginia priorities, including affordability, jobs and investment. Some credits previously planned for large-scale data center customers would instead be redirected to residential customers. The change builds on the original merger proposal announced in May. That deal included $2.25 billion in shareholder-funded bill credits for Dominion customers in Virginia, North Carolina and South Carolina over the first two years after the merger closes. Discover more Company News Graphics & Animation Software The new Virginia package also includes another $100 million for EnergyShare, Dominion's bill-assistance program for customers facing financial hardship. The additional funding would run through 2038. NextEra said it would add 600 jobs in Virginia, while suppliers working with the company are expected to add about 400 more. The companies also committed to maintaining their existing Virginia employee headcount for five years, up from 18 months of job protection in the original proposal. Another $100 million would go toward workforce development. The companies also proposed spending up to $1 billion a year for five years through a program using Virginia contractors, suppliers and service providers. NextEra also plans to build a new shareholder-funded coheadquarters tower next to Dominion's existing headquarters in downtown Richmond. Dominion Energy Virginia would keep its name and continue to be locally led and separately regulated by the Virginia State Corporation Commission. Government Clean Virginia said Monday the revised package does not change the legal standard the commission must apply and argued the changes make additional review time more important. Brennan Gilmore, the group's executive director, said the commission should focus on whether the merger could put customers at risk of higher rates or reduced service, rather than whether the companies have assembled an attractive package of benefits. Virginia House Republican leaders welcomed the expanded package Monday. House Republican Leader Terry Kilgore said reliable and affordable electricity is central to household costs and pointed to the new jobs and continued investment in Virginia energy production. House Republican Caucus Chairman Scott Wyatt said additional jobs and generation investment could help lower monthly bills and support economic growth. The expanded commitments come as the commission continues reviewing the proposed merger. The companies filed their application with the commission in July. Public witness testimony is scheduled for Nov. 5, Nov. 9 and Nov. 10, written comments are due Nov. 9 and an evidentiary hearing begins Nov. 17. The commission has also ordered two additional local in-person hearings beyond the Nov. 5 hearing in Richmond as part of its review. The merger has drawn scrutiny from lawmakers and other participants in the proceeding over customer costs, employment protections and local control. Discover more Mobile & Wireless South Asians & Diaspora The companies have said they expect the transaction to close in the second half of 2027 if the required regulatory approvals are received. Reporting and source materials courtesy of The Center Square.
Dominion, NextEra offers bigger bill credits, 1,000 new jobs in push for proposed $67 billion merger. Posted: Sep 14, 2026 / 09:59 AM EDT Updated: Sep 14, 2026 / 12:00 PM EDT RICHMOND, Va. (WRIC) - Customers could see their residential electricity bill credits double and 1,000 new jobs created across the commonwealth as part of an expanded benefits package amid the push for a proposed merger between Dominion Energy and NextEra Energy. On Monday, Sept. 14, Florida-based NextEra Energy and Dominon Energy announced a "transformational Virginia benefits package," which would create 1,000 new direct jobs across Virginia and double residential bill credits from $10 per montnh for two years to $10 per month for four years. The utility companies said they would redirect the portion of credits that would go to large-scale data centers toward additional relief for residential customers. "This is a Virginia-first package, and it starts with customers," said John Ketchum, chairman, president and CEO of NextEra Energy. "We are proposing to double residential bill relief from two years to four years, along with expanded low-income financial assistance and long-term affordability benefits. We are also reaffirming our support for the State Corporation Commission, Governor and General Assembly's efforts to protect residential and small business customers from costs associated with serving data centers. Just as important, this package would help Virginia build more of the clean energy and infrastructure it needs faster, so the Commonwealth can reduce its reliance on expensive imported power. And it would do that while positioning Virginia as a major energy leader, bringing NextEra Energy jobs, good-paying supplier jobs, workforce investment, economic development and national-scale energy technology and innovation to Virginia. This is the kind of customer-focused, job-creating package this combination makes possible." "Dominion Energy Virginia will remain locally led, separately regulated and accountable to the State Corporation Commission," said Robert Blue, chair, president and CEO of Dominion Energy. "The same local teams, led by Ed Baine, that customers know and trust will continue serving the Commonwealth. This package builds on that foundation by adding NextEra Energy's scale, capital and capabilities to help support Virginia's growth while keeping customers, reliability and affordability at the center of everything we do. It brings new jobs, maintains our existing Virginia employee headcount levels for five years and positions the Commonwealth to become a global energy leader. The benefits to our customers and the Commonwealth from this combination are things we cannot deliver on our own." With 1,000 new direct jobs, NextEra emphasized its commitment to building a new shareholder-funded co-headquarters tower for the combined company in Richmond, supporting work in renewable energy development, supply chain management and more. The utility companies also committed $100 million to a workforce development fund for the state, as well as up to a $1 billion annual, five-year Virginia Supplier Program and a new annual global energy summit in Virginia. The $67 billion proposed merger between Dominion and NextEra would create the largest utility merger in American history, though many top state officials, lawmakers, local nonprofits and Virginians have expressed concerns the possibility of energy costs going up for Virginians. The State Corporation Commission (SCC) is accepting public comment on this proposal through Nov. 9. The SCC is still expected to make its decision about the merger in January 2027.