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, 2019

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, 2019 AND 2018

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, 2019 AND 2018

     2-3  

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2019

     4  

NOTES TO FINANCIAL STATEMENTS

     5  

SUPPLEMENTAL SCHEDULE

  

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

     12  

SIGNATURE

     20  

EXHIBIT INDEX

     21  

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, 2019 and 2018, the related statement of changes in net assets available for benefits for the year ended December 31, 2019, 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, 2019 and 2018, and the changes in net assets available for benefits for the year ended December 31, 2019, 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, 2019 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, 2020

 

1

Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

DECEMBER 31, 2019 AND 2018

 

     December 31, 2019  
     Participant-
Directed 		     Nonparticipant-
Directed 		     Total  

ASSETS

        

Investments, at fair value (see Note 6)

        

Registered investment companies

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

Collective trust funds

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

Preferred stock

     1,504,241        —          1,504,241  

Common stock other than NextEra Energy, Inc. common stock

     502,911,296        —          502,911,296  

NextEra Energy, Inc. common stock

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

 

 

    

 

 

    

 

 

 

Total investments, at fair value

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

Investments, at contract value (see Note 7)

     262,827,593        —          262,827,593  
  

 

 

    

 

 

    

 

 

 

Total investments

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

 

 

    

 

 

    

 

 

 

Receivables

        

Participant loans

     72,987,097        —          72,987,097  

Pending trades due from brokers

     969,079        —          969,079  

Employer contributions

     —          1,870,927        1,870,927  

Other receivables

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

 

 

    

 

 

    

 

 

 

Total receivables

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

 

 

    

 

 

    

 

 

 

Total assets

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

 

 

    

 

 

    

 

 

 

LIABILITIES

        

Pending trades due to brokers

     429,458        —          429,458  

Other payables

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

 

 

    

 

 

    

 

 

 

Total liabilities

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

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

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

 

 

    

 

 

    

 

 

 

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

 

2

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

DECEMBER 31, 2019 AND 2018

 

     December 31, 2018  
     Participant-
Directed 		     Nonparticipant-
Directed 		     Total  

ASSETS

        

Investments, at fair value (see Note 6)

        

Registered investment companies

   $ 394,120,141      $ 10,305,952      $ 404,426,093  

Collective trust funds

     1,444,410,489        —          1,444,410,489  

Common stock other than NextEra Energy, Inc. common stock

     410,263,616        —          410,263,616  

NextEra Energy, Inc. common stock

     514,043,592        1,286,379,575        1,800,423,167  
  

 

 

    

 

 

    

 

 

 

Total investments, at fair value

     2,762,837,838        1,296,685,527        4,059,523,365  

Investments, at contract value (see Note 7)

     282,869,282        —          282,869,282  
  

 

 

    

 

 

    

 

 

 

Total investments

     3,045,707,120        1,296,685,527        4,342,392,647  
  

 

 

    

 

 

    

 

 

 

Receivables

        

Participant loans

     71,944,590        —          71,944,590  

Pending trades due from brokers

     1,945,611        —          1,945,611  

Other receivables

     1,443,528        16,478        1,460,006  
  

 

 

    

 

 

    

 

 

 

Total receivables

     75,333,729        16,478        75,350,207  

Non-interest bearing cash

     37,678        —          37,678  
  

 

 

    

 

 

    

 

 

 

Total assets

     3,121,078,527        1,296,702,005        4,417,780,532  
  

 

 

    

 

 

    

 

 

 

LIABILITIES

        

Pending trades due to brokers (see Note 7)

     7,698,293        —          7,698,293  

Other payables

     2,961,563        71,986        3,033,549  
  

 

 

    

 

 

    

 

 

 

Total liabilities

     10,659,856        71,986        10,731,842  
  

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

   $ 3,110,418,671      $ 1,296,630,019      $ 4,407,048,690  
  

 

 

    

 

 

    

 

 

 

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, 2019

 

     Participant-
Directed 		     Nonparticipant-
Directed 		     Total  

ADDITIONS TO NET ASSETS ATTRIBUTED TO:

        

Net appreciation in fair value of investments

   $ 687,563,111      $ 484,671,192      $ 1,172,234,303  

Interest income

     12,439,710        —          12,439,710  

Dividend income

     32,725,431        35,547,793        68,273,224  
  

 

 

    

 

 

    

 

 

 

Net investment income

     732,728,252        520,218,985        1,252,947,237  

Contributions

        

Participant

     160,300,348        —          160,300,348  

Employer - cash

     1,876,291        —          1,876,291  

Employer - NextEra Energy, Inc. common stock

     —          59,871,370        59,871,370  

Rollovers (see Note 1)

     65,017,489        —          65,017,489  
  

 

 

    

 

 

    

 

 

 

Total contributions

     227,194,128        59,871,370        287,065,498  

Transfer from/to nonparticipant-directed investments

     46,363,654        2,121,489        48,485,143  
  

 

 

    

 

 

    

 

 

 

Total net additions

     1,006,286,034        582,211,844        1,588,497,878  

DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:

        

Benefit payments to participants and beneficiaries

     388,413,716        139,558,918        527,972,634  

Management and administrative expenses

     4,082,221        417,542        4,499,763  

Transfer from/to participant-directed investments

     2,121,489        46,363,654        48,485,143  
  

 

 

    

 

 

    

 

 

 

Total deductions

     394,617,426        186,340,114        580,957,540  

NET INCREASE

   $ 611,668,608      $ 395,871,730      $ 1,007,540,338  
  

 

 

    

 

 

    

 

 

 

INTERPLAN TRANSFER (see Note 1)

   $ 3,921,030      $ —        $ 3,921,030  

NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2018

   $ 3,110,418,671      $ 1,296,630,019      $ 4,407,048,690  
  

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2019

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

 

 

    

 

 

    

 

 

 

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

 

4

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2019 AND 2018

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 certain of 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.

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. Effective March 15, 2019, the Plan was amended to add 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.

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.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2019 AND 2018

 

Employer Contributions

In general, the Company provides matching contributions through the ESOP in the form of Company Stock. As a result of the acquisition of the Gulf Power Company (Gulf Power), certain employees received matching contributions in cash during the 2019 Plan year; however, subsequent to the 2019 Plan year, the matching contributions for those participants are being made in the form of Company Stock. Participants should refer to the SPD for the employer contribution schedules.

Forfeitures

Forfeitures of non-vested Company matching contributions due to termination of employment may be used to restore amounts previously forfeited or to reduce the amount of future Company matching contributions to the Plan or may be applied to administrative expenses. Forfeitures used to reduce Employer contributions in 2019 totaled $2,121,489 and forfeitures applied to administrative fees in 2019 totaled $312,112. At December 31, 2019 and 2018, the balance of the forfeiture account was $300,512 and $223,186, 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, 2019 carry an interest rate of 3.25% to 7.25% and mature between 2020 and 2033. Participants should refer to the SPD for a description of eligible participant loans.

Benefit Payments and Withdrawals

Withdrawals by Participants from their accounts during their employment are permitted with certain penalties and restrictions. The penalties may limit a Participant’s contributions to the Plan for varying periods following a withdrawal. Upon termination from employment, Participants are eligible to receive a distribution of the full value of their vested account balance. Terminated Participants can elect to receive a full payment, partial payments, or installments over a period of up to ten years.

Administrative Expenses

The Company pays a portion of the administrative expenses of the Plan. Additionally, Plan participants pay a fee of $61 per year to cover some of the administrative expenses of the Plan. All other expenses are paid directly by the Plan through forfeitures or revenue sharing that the Plan receives either directly or indirectly from certain of the Plan’s investment options. Any fees paid directly by the Company are not included in the financial statements.

Acquisition

On January 1, 2019, the Company acquired Gulf Power from The Southern Company. On the date of the Gulf Power acquisition, eligible employees were able to begin deferrals into the Plan and could rollover 401(k) account balances from The Southern Company plan. The acquisition resulted in a 5% increase in total Plan participants and approximately $46 million in rollover contributions to the Plan.

Plan Merger

On July 16, 2019 the Company acquired Trans Bay Cable, LLC (TBC). Subsequently, the TBC 401(K) Plan was merged with the Plan resulting in an interplan transfer of all accounts and outstanding loans in the amount of $3,921,030.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2019 AND 2018

 

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 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 – Managed Income Fund) with various insurance companies and financial institutions in order to provide Participants with a stable, fixed-rate of return on investments and protection of principal from changes in market interest rates. The crediting interest rate resets monthly and is based on an agreed-upon formula with the issuers, but cannot be less than zero. The key factors that influence future rates could include the following: the level of market interest rates, the difference between the fully benefit-responsive investment contracts’ book and market values, the amount and timing of Participant contributions, transfers and withdrawals into/out of the fully benefit-responsive investment contracts, and the duration of the underlying investments backing the fully benefit-responsive investment contracts.

The Managed Income Fund is comprised of synthetic guaranteed investment contracts, each of which is valued at contract value. Each synthetic guaranteed investment contract consists of a wrapper contract and the underlying investments of the wrapper contract which are primarily debt securities. The underlying investments in the Managed Income Fund include U.S. Treasury notes, asset-backed and mortgage-backed securities, corporate bonds and government agency notes. The contracts are unallocated in nature and are fully benefit-responsive. Therefore, net assets available 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.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2019 AND 2018

 

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, as repayments of principal and interest are received through payroll deductions and the loans are collateralized by the Participants’ account balances in the Plan.

3. Risks and Uncertainties

Investment securities, in general, are exposed to various risks, such as interest rate, credit, liquidity and overall market volatility, which could result in changes in the value of such securities. Due to the level of risk associated with certain types of investment securities, it is at least reasonably possible that changes in the values of the investment securities will occur in the near term and that such changes could materially affect Participants’ account balances and the amounts reported in the statements of net assets available for benefits and the statement of changes in net assets available for benefits.

4. Nonparticipant-Directed Investments

The “Nonparticipant-Directed” net assets of the Plan and changes therein represent Employer contributions into the ESOP component of the Plan. Participants have the option to reinvest nonparticipant-directed shares daily among any of the other investment options available under the Plan.

5. Parties-In-Interest Transactions

Parties-in-interest are defined under Department of Labor (DOL) regulations as any fiduciary of the Plan, any party rendering service to the Plan, the Employer, and certain others.

Dividend income earned by the Plan includes dividends on Company Stock. In accordance with the Plan and the Company’s Dividend Reinvestment and Direct Stock Purchase Plan in which the Trustee participates, participants may elect to reinvest dividends in Company Stock or receive dividends in cash. During 2019, dividends on shares of Company Stock held in Participants’ accounts totaled $49,412,304.

During 2019, employer contributions of Company Stock credited to Participant’s accounts totaled $59,871,370 which equated to 283,945 shares. Realized gains on shares of Company Stock sold by Participants during the current Plan year totaled $40,474,650. At December 31, 2019 and 2018, the number of shares of Company Stock held in Participants’ accounts totaled 9,566,385 and 10,357,975, respectively, with a fair value of $2,316,595,725 and $1,800,423,167, respectively.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2019 AND 2018

Certain fees were paid by the Plan to the managers of the investments held in the Plan and certain Plan investments are managed by an affiliate of the Trustee or investment advisors of the Plan. These transactions qualify as party-in-interest transactions. The Plan also pays for various administrative expenses to service providers which constitute party-in-interest transactions. Additionally, the Plan reimburses the Company for a portion of the costs incurred in the administration of the Plan which are considered party-in-interest transactions. Participant loans held by the Plan of $72,987,097 and $71,944,590 at December 31, 2019 and December 31, 2018, respectively, are also considered party-in-interest transactions.

6. Investments

The following table sets forth by level, within the fair value hierarchy, the Plan’s assets that are measured at fair value on a recurring basis as of December 31, 2019:

 

     Fair Value Measurements  
     At December 31, 2019 using  
     Quoted Prices      Significant                
     in Active      Other      Significant         
     Markets for      Observable      Unobservable         
     Identical Assets      Inputs      Inputs         
     (Level 1)      (Level 2)      (Level 3)      Total  

Participant-directed investments:

           

Registered investment companies

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

Collective trust funds

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

Preferred stock

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

Common stock other than NextEra Energy, Inc. common stock

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

NextEra Energy, Inc. common stock

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

 

 

    

 

 

    

 

 

    

 

 

 

Total participant-directed investments

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

Nonparticipant-directed investments:

           

Registered investment companies

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

NextEra Energy, Inc. common stock

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

 

 

    

 

 

    

 

 

    

 

 

 

Total nonparticipant-directed investments

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

Total investments in the fair value heirarchy

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

 

 

    

 

 

    

 

 

    

 

 

 

Investments at contract value

              262,827,593  
           

 

 

 

Total investments

            $ 5,345,187,619  
           

 

 

 

During the 2019 Plan year there were no transfers between investment levels.

 

9

Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2019 AND 2018

The following table sets forth by level, within the fair value hierarchy, the Plan’s assets that are measured at fair value on a recurring basis as of December 31, 2018:

 

     Fair Value Measurements  
     At December 31, 2018 using  
     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

   $ 394,120,141      $ —        $ —        $ 394,120,141  

Collective trust funds

     —          1,444,410,489        —          1,444,410,489  

Common stock other than NextEra Energy, Inc. common stock

     408,246,861        —          2,016,755        410,263,616  

NextEra Energy, Inc. common stock

     514,043,592        —          —          514,043,592  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total participant-directed investments

     1,316,410,594        1,444,410,489        2,016,755        2,762,837,838  

Nonparticipant-directed investments:

           

Registered investment companies

     10,305,952        —          —          10,305,952  

NextEra Energy, Inc. common stock

     1,286,379,575        —          —          1,286,379,575  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total nonparticipant-directed investments

     1,296,685,527              1,296,685,527  

Total investments in the fair value heirarchy

     2,613,096,121        1,444,410,489        2,016,755        4,059,523,365  
  

 

 

    

 

 

    

 

 

    

 

 

 

Investments at contract value

              282,869,282  
           

 

 

 

Total investments

            $ 4,342,392,647  
           

 

 

 

During the 2018 Plan year there were no transfers between investment levels.

7. Managed Income Fund

The contract value of fully benefit-responsive investment contracts was $262,827,593 and $282,869,282, respectively, at December 31, 2019 and 2018. The contract value of the fully benefit-responsive investment contracts includes a short-term collective investment trust in the amount of $5,042,277 and $9,662,516, respectively, at December 31, 2019 and 2018. Pending trades due to brokers related to fully benefit-responsive investment contracts are $0 and $7,698,293, respectively at December 31, 2019 and 2018. 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 $7,675,401 and $9,721,874, respectively, at December 31, 2019 and 2018.

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

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2019 AND 2018

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, 2019 and 2018, respectively, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine regulatory audits. Currently, there are no tax audits for any tax periods in progress and the plan administrator believes it is no longer subject to tax audits for periods prior to 2017. A DOL audit is currently in progress for plan years after 2014.

9. Subsequent Events

Coronavirus Pandemic

In March 2020, the World Health Organization declared the outbreak of the novel coronavirus (COVID-19) as a pandemic. The outbreak has negatively impacted economies and global financial markets, and the fair value of the Plan’s investments. We cannot predict at this time whether COVID-19 will have a material adverse impact due to the uncertainty of the duration and impact of this pandemic.

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.

 

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, 2019

 

    (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     		 
   Common Stock:        
   ADVANCED MICRO DEVICES INC      60,552        **     $ 2,776,915  
   AIRBNB INC SER E PC PP      2,935        **       297,433  
   AIRBNB PC D PP      6,435        **       652,123  
   ALEXION PHARMACEUTICALS INC      12,548        **       1,357,066  
   ALIBABA GROUP HOLDING LTD SPON ADR      44,854        **       9,513,533  
   ALPHABET INC CL A      14,719        **       19,714,481  
   ALPHABET INC CL C      6,372        **       8,519,491  
   AMAZON.COM INC      14,382        **       26,575,635  
   APPLE INC      40,681        **       11,945,976  
   APTIV PLC      53,513        **       5,082,130  
   ASML HLDG NV      16,470        **       4,874,132  
   ATLASSIAN CORP PLC CLS A      3,817        **       459,338  
   AURORA INNOVATION SER B PC PP      28,470        **       263,071  
   AVANTOR INC      114,739        **       2,082,513  
   BECTON DICKINSON & CO      23,803        **       6,473,702  
   BOEING CO      47,650        **       15,522,464  
   CARVANA CO CL A      11,000        **       1,012,550  
   CENTENE CORP      39,623        **       2,491,098  
   CIGNA CORP      35,006        **       7,158,377  
   CONCHO RESOURCES INC      22,600        **       1,979,082  
   COSTAR GROUP INC      4,207        **       2,517,048  
   DOLLAR GENERAL CORP      32,666        **       5,095,243  
   FACEBOOK INC CL A      109,274        **       22,428,489  
   FIDELITY NATL INFORM SVCS INC      14,893        **       2,071,467  
   GLOBAL PAYMENTS INC      50,347        **       9,191,348  
   HCA HEALTHCARE INC      41,790        **       6,176,980  
   HILTON WORLDWIDE HOLDINGS INC      26,396        **       2,927,580  
   HONEYWELL INTL INC      9,153        **       1,620,081  
   HUMANA INC      5,500        **       2,015,860  
   HUNT J B TRANSPORT SERVICES IN      14,122        **       1,649,167  
   IAC/INTERACTIVECORP      11,898        **       2,963,911  
   INTERCONTINENTAL EXCHANGE INC      24,094        **       2,229,900  
   INTUIT INC      27,601        **       7,229,530  
   INTUITIVE SURGICAL INC      11,969        **       7,075,474  
   LAS VEGAS SANDS CORP      7,214        **       498,055  
   LULULEMON ATHLETICA INC      9,139        **       2,117,232  
   MAGIC LEAP INC PC SER C PP      10,937        **       295,299  
   MAGIC LEAP INC PC SER D PP      3,654        **       98,658  
   MARVELL TECHNOLOGY GROUP LTD      111,255        **       2,954,933  
   MICROSOFT CORP      173,237        **       27,319,475  
   NETFLIX INC      14,523        **       4,699,207  
   NIKE INC CL B      31,239        **       3,164,823  
   NORFOLK SOUTHERN CORP      9,104        **       1,767,360  
   OKTA INC CL A      6,194        **       714,602  
   PAYCOM SOFTWARE INC      2,710        **       717,500  
   PAYPAL HLDGS INC      44,231        **       4,784,467  
   PHILIP MORRIS INTL INC      15,691        **       1,335,147  
   RESTAURANT BRANDS INTERNATIONAL INC      26,856        **       1,712,607  
   ROSS STORES INC      34,865        **       4,058,983  
   SALESFORCE.COM INC      37,950        **       6,172,188  
   SCHWAB CHARLES CORP      48,274        **       2,295,911  
   SEMPRA ENERGY      46,046        **       6,975,048  
   SERVICENOW INC      12,958        **       3,658,303  
   SLACK TECHNOLOGIES INC CL A      48,752        **       1,095,945  
   SPLUNK INC      30,865        **       4,622,651  
   SPOTIFY TECHNOLOGY SA      25,901        **       3,873,495  

 

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, 2019

 

    (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     		 
   STRIPE INC CLASS B PP      9,148        **       143,532  
   STRYKER CORP      36,192        **       7,598,148  
   TD AMERITRADE HOLDING CORP      27,609        **       1,372,167  
   TENCENT HOLDINGS LTD UNS ADR      171,385        **       8,228,194  
   TENCENT MUSIC ENTERTAINMENT ADR      111,220        **       1,305,723  
   THE BOOKING HOLDINGS INC      1,854        **       3,807,615  
   UBER TECHNOLOGIES INC      24,581        **       731,039  
   UNITEDHEALTH GROUP INC      20,359        **       5,985,139  
   VERTEX PHARMACEUTICALS INC      26,069        **       5,707,808  
   VISA INC CL A      98,898        **       18,582,933  
   VMWARE INC CL A      25,169        **       3,820,403  
   WORKDAY INC CL A      15,838        **       2,604,559  
   WYNN RESORTS LTD      6,984        **       969,868  
   XP INC CL A      9,802        **       377,573  
   ZOOM VIDEO COMMUNICATIONS INC CL A      863        **       58,719  
   ABIOMED INC      9,457        **       1,613,270  
   BIO TECHNE CORP      36,746        **       8,066,114  
   COUPA SOFTWARE INC      26,745        **       3,911,456  
   DUNKIN BRANDS GROUP INC      84,782        **       6,404,432  
   EQUITY COMMONWEALTH      260,929        **       8,566,299  
   EXPEDITORS INTL OF WASH INC      49,334        **       3,849,039  
   FARFETCH LTD CL A      281,048        **       2,908,847  
   GCI LIBERTY INC CL A      107,511        **       7,617,154  
   GRACO INC      88,097        **       4,581,044  
   GUIDEWIRE SOFTWARE INC      71,813        **       7,882,913  
   HAEMONETICS CORP MASS      35,129        **       4,036,322  
   HEALTHEQUITY INC      85,947        **       6,366,094  
   J2 GLOBAL INC      77,259        **       7,239,941  
   LENDINGTREE INC      13,668        **       4,147,418  
   LIBERTY TRIPADVISOR HOLDINGS INC A WI      341,516        **       2,510,143  
   LIVERAMP HOLDINGS INC      167,759        **       8,064,175  
   LOGITECH INTL SA REG      103,509        **       4,901,651  
   NEVRO CORPORATION      42,832        **       5,034,473  
   NEW YORK TIMES CO CL A      326,148        **       10,492,181  
   PAPA JOHNS INTL INC      93,939        **       5,932,248  
   PORTOLA PHARMACEUTICALS INC      126,955        **       3,031,685  
   PTC INC      23,443        **       1,755,646  
   REDFIN CORP      262,582        **       5,550,983  
   SAILPOINT TECHNOLOGIES HOLDING INC      133,827        **       3,158,317  
   STITCH FIX      192,432        **       4,937,805  
   TRIPADVISOR INC      50,109        **       1,522,311  
   VARONIS SYSTEMS INC      68,325        **       5,309,536  
   WIX.COM LTD      46,129        **       5,645,267  
   WYNDHAM HOTELS & RESORTS INC      122,688        **       7,706,035  

*

   NEXTERA ENERGY, INC. (PARTICIPANT-DIRECTED)      2,638,862        **       639,026,780  

*

   NEXTERA ENERGY, INC. (NONPARTICIPANT-DIRECTED)      6,927,523        264,159,679       1,677,568,945  
        

 

 

   

 

 

 
   Total Common Stock         264,159,679     $ 2,819,507,021  
        

 

 

   

 

 

 
   Preferred Stock:        
   RIVIAN AUTOMOTIVE INC SER D PFD PERP PP      97,495        **     $ 1,047,486  
   UIPATH INC 0% SER D-1 PFD PERP PP      9,938        **       391,077  
   UIPATH INC 0% SER D-2 PFD PERP PP      1,669        **       65,678  
        

 

 

   

 

 

 
   Total Preferred Stock         —       $ 1,504,241  
        

 

 

   

 

 

 

 

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, 2019

 

    (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     		 
   Collective Trust Funds:        

*

   ARISTOTLE SM CAP EQ      6,611,932        **     $ 84,831,084  

*

   BLACKROCK RUSSELL 2000 INDEX FUND M      736,764        **       16,749,729  

*

   BTC ACWI EX US IMI M      2,704,243        **       39,993,047  

*

   BTC EQUITY INDEX M      7,809,346        **       211,926,903  

*

   BTC RUSSELL 3000 M      5,386,152        **       97,193,116  

*

   BTC US DEBT INDEX W      2,516,100        **       59,258,411  

*

   COHEN & STEERS US REALTY SHARES B      4,024,455        **       67,812,072  

*

   FIDELITY LOW-PRICED STOCK POOL      4,792,628        **       77,496,794  

*

   FISHER EMERGING MARKETS      879,469        **       11,433,094  

*

   LS CORE PL FXINC D      4,073,359        **       64,766,402  

*

   PIMCO DIVERSIFIED REAL ASSET TRUST      779,728        **       11,750,508  

*

   VANGUARD TARGET 2015      1,663,039        **       95,225,585  

*

   VANGUARD TARGET 2025      5,423,604        **       329,158,527  

*

   VANGUARD TARGET 2035      4,542,333        **       285,758,176  

*

   VANGUARD TARGET 2045      2,584,500        **       169,388,138  

*

   VANGUARD TARGET 2055      589,813        **       47,409,145  

*

   VANGUARD TARGET 2065      114,730        **       2,979,548  

*

   VANGUARD TARGET 2020      344,415        **       20,609,771  

*

   VANGUARD TARGET 2030      336,088        **       20,635,813  

*

   VANGUARD TARGET 2040      202,993        **       13,216,856  

*

   VANGUARD TARGET 2050      150,237        **       9,902,115  

*

   VANGUARD TARGET 2060      53,670        **       2,264,887  

*

   VANGUARD TARGET RET      708,222        **       40,312,004  

*

   SSBK GOVERNMENT STIF FUND (US LARGE CAP GROWTH FUND)      2,423,331        **       2,423,331  

*

   SSBK GOVERNMENT STIF FUND (EQUITY INCOME TRP FUND)      —          **       —    

*

   SSBK STIF FUND (SMALL MID CAP GROWTH FUND)      8,379,641        **       8,379,641  

*

   SSBK STIF FUND (MANAGED INCOME FUND)      5,042,277        **       5,042,277  
        

 

 

   

 

 

 
   Total Collective Trust Funds         —       $ 1,795,916,974  
        

 

 

   

 

 

 
   Registered Investment Companies:        

*

   EATON VANCE FLOATING-RATE & HIGH INCOME FUND R6      2,730,924        **     $ 23,840,970  

*

   VANGUARD PRIME CAP CORE FUND      4,220,742        **       117,843,117  

*

   VANGUARD VMMR-FED MONEY MARKET      109,061,433        **       109,061,433  

*

   JPM EQUITY INCOME R6 FUND      5,594,096        **       108,749,228  

*

   AF EUROPAC GROWTH R6      1,597,240        **       88,726,692  

*

   FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. PARTICIPANT-DIRECTED)      1,451,453        **       1,451,453  

*

   FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. NONPARTICIPANT-DIRECTED)      13,125,773        13,125,773       13,125,773  

*

   FIDELITY INSTITUTIONAL CASH PORTFOLIO (MANAGED INCOME FUND)      7,675,401        **       7,675,401  
        

 

 

   

 

 

 
   Total Registered Investment Companies         13,125,773     $ 470,474,067  
        

 

 

   

 

 

 
   U.S. Treasury Notes:        
   UST NOTES 1.375% 08/31/2023      8,723,000        **     $ 8,676,516  
   UST NOTES 1.875% 07/31/2022      13,786,000        **       13,985,219  
   UST NOTES 2.875% 11/15/2021      16,578,000        **       17,026,471  
   UST NOTES 3.125% 11/15/2028      6,927,000        **       7,639,156  
   UST NOTES 2.5% 12/31/2020      13,351,000        **       13,462,337  
   UST NOTES 2.5% 02/15/2022      9,804,000        **       10,079,453  
   UST NOTES 2.375% 08/15/2024      16,346,000        **       16,977,926  
   UST NOTES 1.75% 03/31/2022      12,175,000        **       12,270,192  
   UST NOTE 2% 08/15/2025      20,385,000        **       20,796,676  
        

 

 

   

 

 

 
   Total U.S. Treasury Notes         —       $ 120,913,946  
        

 

 

   

 

 

 
   Government Agency Notes:        
   NYS UDC 2.7% 3/15/2023      630,000        **     $ 651,168  
   NYS UDC 2.67% 3/15/2023      775,000        **       797,337  
   NYC TFA (PIT) 2.05% 8/1/2023      165,000        **       167,007  
   NYC TFA (PIT) 2.85% 2/1/2024      155,000        **       161,508  
   CA ST 2.40% 10/1/2025      440,000        **       447,244  
        

 

 

   

 

 

 
   Total Government Agency Notes         —       $ 2,224,264  
        

 

 

   

 

 

 

 

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, 2019

 

    (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     		 
   Mortgage Backed Securities:        
   FHLG 5.50% 3/34 #G01665      40,362        **     $ 45,270  
   FHLG 7.50% 7/34 #G02115      60,234        **       69,399  
   FHLG 25YR 5.50% 7/35 #G05815      27,839        **       31,182  
   FHLG 15YR 5.00% 4/20 #G13598      36        **       37  
   FHLG 15YR 2.5% 10/01/2031#G16387      494,072        **       501,059  
   FHLG 20YR 3.5% 06/01/2032#C91456      472,398        **       495,316  
   FHLG 15YR 4.00% 4/26 #E02867      39,305        **       41,153  
   FHLG 15YR 3% 05/01/2029#J29409      734,101        **       754,712  
   FHLG 15YR 3% 05/01/2029#J32373      1,643,148        **       1,690,307  
   FHLG 15YR 2.5% 11/01/2028#J32374      1,520,315        **       1,541,815  
   FHLG 15YR 2.5% 12/01/2031#SB0093      913,510        **       926,218  
   FHLG 5.50% 5/34 #Z40042      306,581        **       342,784  
   FHLG 20YR 3% 11/01/2033#G30872      474,189        **       490,042  
   FHLG 20YR 3.5% 05/01/2038#G31067      256,413        **       268,452  
   FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 2.682% 10/25/2022      137,000        **       139,608  
   FHMS K027 A2 2.637% 01/23      555,000        **       565,620  
   FEDERAL HOME LN MTG MLT CTF GT 3.3% 04/25/2023      522,000        **       543,868  
   FEDERAL HOME LN MTG MLT CTF GT 2013-K033 A2 3.06%07/25/2023      948,000        **       981,768  
   FEDERAL HOME LN MTG MLT CTF GT 2013-K035 A2 3.458% 08/25/2023      925,000        **       971,072  
   FEDERAL HOME LN MTG MLT CTF GT K720 A2 2.716% 06/25/2022      633,000        **       643,762  
   FEDERAL HOME LN MTG MLT CTF GT K722 A2 2.406% 03/25/2023      577,000        **       583,725  
   FHMS K724 A1 2.776% 03/23      141,467        **       143,281  
   FHMS 2017-K727 A1 2.632% 10/25/2023      91,150        **       92,311  
   FEDERAL HOME LN MTG MLT CTF GT K727 A2 2.946% 07/25/2024      660,000        **       681,733  
   FEDERAL HOME LN MTG MLT CTF GT 2018-K079 A1 3.729% 02/25/2028      168,584        **       181,520  
   FNMA 6.50% 8/36 #AE0746      28,216        **       32,524  
   FNMA 6.50% 12/35 #AD0723      38,292        **       44,096  
   FNMA 20YR 4% 04/01/2038#MA3337      1,112,416        **       1,178,139  
   FNMA 6.50% 8/36 #888544      31,066        **       35,847  
   FNMA 6.50% 8/36 #888034      9,842        **       11,313  
   FNMA 15YR 3.5% 09/01/2034#FM1577      751,067        **       789,101  
   FNMA 30YR 4.5% 09/01/2049#FM1534      1,198,476        **       1,289,031  
   FNMA 15YR 3% 06/01/2033#      615,037        **       633,692  
   FNMA 20YR 4.5% 08/01/2039#FM1353      158,548        **       171,518  
   FNMA 20YR 4.5% 06/01/2039#FM1045      70,969        **       76,376  
   FNMA 20YR 4.5% 03/01/2039#FM1774      123,171        **       132,555  
   FNMA 15YR 4% 05/29#BM5499      1,471,516        **       1,540,044  
   FNMA 15YR 3% 09/01/2032#BM5110      951,638        **       980,800  
   FNMA 15YR 3% 12/01/2032#BM5109      2,075,587        **       2,141,138  
   FNMA 15YR 3% 03/01/2030#BM4299      1,390,761        **       1,429,034  
   FNMA 3.5% 07/32#BM3929      717,902        **       751,165  
   FNMA 15YR 3% 12/31#BM1790      363,617        **       373,851  
   FNMA 6.50% 7/35 #745092      7,273        **       8,425  
   FNMA 6.50% 12/32 #735415      6,660        **       7,664  
   FNMA 15YR 2.5% 10/01/2031#AS8010      366,144        **       371,467  
   FNMA 15YR 3% 09/01/2031#AL8853      1,112,009        **       1,142,958  
   FNMA 15YR 4.5% 11/01/2025#AL8242      125,527        **       130,842  
   FNMA 15YR 3.5% 10/01/2029#AL5851      98,587        **       103,056  
   FNMA 15YR 3.5% 09/01/2029#AL5878      238,706        **       249,824  
   FNMA 20YR 2.5% 01/01/2033#AL2976      94,142        **       95,322  
   FNMA 20YR 2.5% 01/01/2033#AL2975      158,872        **       160,864  
   FNMA 20YR 2.5% 01/01/2033#AL2974      138,581        **       140,318  
   FNMA 20YR 2.5% 01/01/2033#AL2982      111,883        **       113,285  
   FNMA 5.50% 11/34 #310105      221,378        **       247,448  
   FNMA 6.50% 7/32 #545759      11,104        **       12,785  
   FNMA 6.50% 7/32 #545762      6,336        **       7,287  
   GNII II 4.5% 06/20/2048#MA5265      550,630        **       582,134  
   WELLS FARGO COML MTG TR 2016-C37 A2 3.103% 12/15/2049      268,000        **       271,856  
   WFCM 2016-C36 A1 1.453% 11/15/59      40,794        **       40,584  
   WELLS FARGO COML MTG TR 2016-LC25 1.795% 12/15/2059      34,543        **       34,524  
   WFCM 2016-C34 A2 2.603% 06/49      354,000        **       355,715  
   WELLS FARGO COML MTG TR 15-C27 ASB 3.278% 02/15/2048      354,000        **       364,487  

 

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, 2019

 

    (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     		 
   WFCM 2013-LC12 A1 1.676 7/46      39,484      **     39,502  
   WFCM 2012-LC5 A3 2.918% 10/45      734,723      **     749,068  
   WFRBS COML MTG TR 2014-C23 ASB 3.636% 10/15/2057      194,607      **     201,357  
   WFRBS COML MTG TR 2013-C16 3.963% 09/15/2046      110,266      **     114,034  
   WFRBS COML MTG TR 2013-C16 A5 4.415% 09/15/2046      312,000      **     335,282  
   WF-RBS COMMERCIAL MORTGAGE TRUST 2013-C12 2.838% 03/15/2048      47,392      **     47,899  
   WFRBS COML MTG TR 2013-C12 A4 3.198% 03/15/2048      151,000      **     155,585  
   WFRBS 2013-C11 A5 3.071% 03/45      1,086,000      **     1,113,843  
   WFRBS 2012-C7 A2 3.431% 6/45      271,000      **     278,758  
   WFRBS 2011-C3 A4 4.375% 3/15/44      437,000      **     446,078  
   WFRBS 2012-C9 A3 2.87% 11/45      368,299      **     374,923  
   WFRBS 2013-C14 A5 3.337% 6/46      698,000      **     723,209  
   WFRBS COML MTG TR 2014-C22 ASB 3.464% 09/15/2057      547,560      **     564,339  
   WFRBS COML MTG TR 2014-C20 ASB 3.638% 05/15/2047      148,734      **     153,406  
   UBSBB 2012-C2 A4 3.525 5/63      343,000      **     353,027  
   MORGAN STANLEY CAP I TR 2019-MEAD 3.17% 11/10/2036 144A      374,000      **     387,129  
   MORGAN STANLEY BK AMER MERRILL LYNCH TR 2016-C31 1.511% 11/15/2021      85,478      **     85,035  
   MORGAN STANLEY BK AMER MERRILL LYNCH TR 2015-C21 ASB 3.15% 03/15/2048      88,000      **     90,274  
   MSBAM 2014-C17 ASB 3.477% 8/47      409,592      **     421,893  
   MORGAN STANLEY BK AMER MERRILL LYNCH TR 2014-C16 ASB 3.477% 06/15/2047      299,073      **     307,283  
   MSBAM 2013-C13 ASB 3.557% 11/15/2046      345,238      **     354,405  
   MSBAM 2013-C11 A4 CSTR 8/46      166,000      **     176,703  
   MSBAM 2013-C8 A4 3.134% 12/48      516,000      **     529,708  
   MSBAM 2012-C6 A4 2.858% 11/45      594,869      **     604,813  
   MORGAN STANLEY BK AMER MERRILL LYNCH TR 2016-C32 A1 1.968% 12/15/49      125,091      **     124,892  
   MSBAM 2013-C7 A4 2.918% 02/46      451,000      **     460,299  
   MSBAM 2015-C22 ASB 3.04% 04/15/48      151,000      **     154,360  

*

   JPMDB COML MTG SECS TR 2016-C4 1.5366% 12/15/2049      782,691      **     778,646  

*

   JPMCC COML MTG SECS TR 2016-JP4 A2 2.984% 12/15/2049      384,000      **     388,722  

*

   JPMBB 2014-C22 ASB 3.5036% 09/15/2047      233,842      **     240,741  

*

   JPMBB COML MTG SECS TR 2014-C22 3.8012% 09/15/2047      248,000      **     264,158  

*

   JP MORGAN CHASE COML MTG SECS TR 2013-C10 A5 3.1425% 12/15/2047      533,597      **     548,958  

*

   JP MORGAN CHASE COML MTG SE 2012-C8 A3 2.8291% 10/15/2045      266,803      **     271,418  

*

   JPMCC 2012-C6 A3 3.5074 5/45      175,410      **     180,784  

*

   JPMCC 2015-JP1 A2 3.1438% 01/15/2049      351,000      **     353,571  
   GS MTG SECS TR 2014-GC20 AAB 3.655% 04/10/2047      91,288      **     94,110  
   GS MTG SECS TR 2014-GC18 AAB 3.648% 01/10/2047      73,430      **     75,591  
   GSMS 2016-GS4 A1 1.731% 11/10/2049      39,479      **     39,421  
   GS MTG SECS TR 2015-GC28 AAB 3.206% 02/10/2048      265,000      **     272,089  
   GS MTG SECS TR 2015-GC32 AAB 3.513% 07/10/2048      204,000      **     212,219  
   GS MTG SECS TR 2014-GC26 AAB 3.365% 11/10/2047      343,344      **     353,458  
   GSMS 2012-GCJ9 A3 2.773% 11/45      833,685      **     846,221  
   GSMS 2012-GCJ7 A4 3.377% 05/45      961,127      **     977,229  
   GS MTG SECS TR 2013-GC10 A5 2.943% 02/10/2046      622,000      **     636,177  
   GSMS 2013-GC10 A4 2.681% 02/46      224,590      **     227,919  
   GSMS 2012-GC6 A3 3.482% 01/45      304,849      **     311,169  
   FEDERAL HOME LN MTG MLT CTF GT 5.0% 02/15/2040      151,695      **     163,089  
   FEDERAL NAT MTG ASN GTD REM 2011-26 PA 4.5% 04/25/2041      189,738      **     204,419  
   BENCHMARK MTG TR 2018-B2 A2 3.6623% 02/15/2051      577,000      **     600,167  
   BENCHMARK MORTGAGE TRUST 2018-B7 A2 4.377% 05/15/2053      328,000      **     351,871  
   BENCHMARK MTG TR 2018-B8 A2 4.149% 01/15/2052      382,000      **     407,083  
   COMM 2015-CR22 A2 2.856% 03/48      82,985      **     83,129  
   COMM 2015-CR22 ASB MTG TR 3.144% 03/10/2048      211,000      **     216,616  
   COMM 2015-CCRE23 MORTGAGE TRUST 3.257% 05/10/2048      244,000      **     251,326  
   COMM 2015-CCRE26 MTG TR 3.373% 10/10/2048      163,000      **     168,923  
   CSMC 2016-NXSR A1 1.9708% 12/15/2049      75,310      **     75,193  
   CSAIL 2017-CX9 A2 3.0538% 09/15/2050      460,000      **     468,810  
   COMM 2012-LC4 A4 3.288% 12/44      648,777      **     660,838  
   COMM 2012-CR2 A3 2.841% 08/15/2045 144A      680,000      **     690,932  
   COMM 2012-CR3 ASB 2.372% 11/45      234,071      **     234,966  
   COMM 2012-CR3 A3 2.822% 10/15/45      311,944      **     316,380  
   COMM 2013-CR6 A4 MTG TR 3.101% 03/10/2046      358,000      **     367,696  
   COMM 2013-CCRE7 MTG TR 3.213% 03/10/2046      374,622      **     385,470  
   COMM 2013-CCRE8 MTG TR 3.612% 06/10/2046      209,000      **     218,333  
   CSAIL 2015-C2 COML MTG TR 3.2241% 06/15/2057      169,000      **     173,472  
   CGCMT 2016-P6 A1 1.884% 12/49      36,410      **     36,373  
   CGCMT 2012-GC8 A4 3.024% 9/45      406,368      **     415,240  
   CGCMT 13-GC11 A4 3.093% 04/46      82,000      **     84,179  
   CGCMT 13-GC15 A4 4.371% 9/46      195,000      **     208,973  

 

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, 2019

 

    (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     		 
   CITIGROUP COML MTG TR 13-GC17 4.131% 11/10/2046      249,000        **       265,304  
   CITIGROUP COML MTG TR 2014-GC21 3.477% 05/10/2047      172,007        **       177,106  
   CITIGROUP COML MTG TR 2014-GC23 A3 3.356% 07/10/2047      429,010        **       449,113  
   CITIGROUP COML MTG TR 2016-GC36 AAB 3.368% 02/10/2049      295,000        **       306,283  
   CGCMT 2017-P7 A2 3.212% 04/50      286,000        **       290,992  
   CSAIL 2019-C15 COML MTG TR 3.4505% 03/15/2052      366,000        **       381,227  
   FEDERAL NAT MTG ASN GTD REM PA 2012-149 DA 1.75% 01/25/2043      55,541        **       54,943  
   FEDERAL NAT MTG ASN GTD REM 2012-151 PA 1.5% 01/25/2043      351,938        **       344,374  
   FEDERAL NAT MTG ASN GTD REM PA 1.5% 02/25/2043      524,243        **       513,176  
   FNR 2013-16 GP 3% 1/1/33      220,479        **       223,756  
   FEDERAL NAT MTG ASN GTD REM PA 3.0% 06/25/2043      385,887        **       397,876  
   FNR 2015-49 LE 3% 07/45      335,642        **       346,324  
   FEDERAL NAT MTG ASN GTD REM PA 3.0% 04/25/2044      290,130        **       298,792  
   FEDERAL NAT MTG ASN GTD REM PA 2.5% 05/25/2045      772,346        **       782,210  
   FEDERAL NAT MTG ASN GTD REM PA 2015-28 JE 3.0% 05/25/2045      638,293        **       655,092  
   FNR 2015-42 LE 3.0% 06/25/45      450,538        **       462,235  
   FNR 2015-54 GA 2.5% 07/25/2045      389,450        **       391,243  
   FNR 2016-26 CG 3% 05/46      955,007        **       979,577  
   FNR 2016-19 AH 3% 04/46      364,769        **       376,764  
   FNR 2016-27 HK 3% 01/25/2041      485,551        **       495,230  
   FNR 2016-27 KG 3% 01/40      235,558        **       243,260  
   FNR 2016-37 BK 3% 06/25/46      981,665        **       1,004,079  
   FNR 2016-34 GH 3% 06/46      921,395        **       949,302  
   FEDERAL NATL MTG AS GTD RE PTT 2016-105 PA 3.5% 04/25/2045      513,943        **       530,690  
   FNR 2016-100 P 3.5% 11/44      764,392        **       789,638  
   FNR 2017-20 AP 3.5% 03/25/2045      897,157        **       928,413  
   FEDERAL NAT MTG ASN GTD REM PA 2017-11 HA 3.5% 12/25/2045      816,315        **       845,840  
   FANNIE MAE 2017-74 PA 3.5% 11/25/2045      798,806        **       829,638  
   FEDERAL NAT MTG ASN GTD REM 2017-97 P 3% 01/25/2047      511,841        **       519,934  
   FEDERAL NAT MTG ASN GTD REM PA 2018-3 LP 3% 02/25/2047      1,439,364        **       1,469,945  
   FEDERAL NATL MTG AS GTD RE PTT 2018-44 PA 3.5% 06/25/2044      2,582,613        **       2,623,721  
   FNR 2018-16 NB 3.25% 12/25/2044      506,089        **       515,310  
   FEDERAL NATL MTG AS GTD RE PTT 2018-11 LA 3.5% 07/25/2045      651,252        **       672,453  
   FEDERAL NAT MTG ASN GTD REM PA 3.5% 02/25/2046      821,262        **       851,712  
   FNMA GTD MTG PASS THRU CTF 3.5% 10/25/2044      670,576        **       691,255  
   FNR 2018-88 BA 4% 11/25/2043      846,583        **       866,752  
   FEDERAL NAT MTG ASN GTD REM PA 3% 03/25/2048      1,614,556        **       1,653,008  
   FEDERAL NAT MTG ASN GTD REM PA 2019-14 DA 4% 03/25/2048      376,460        **       392,833  
   FEDERAL NAT MTG ASN GTD REM PA 4% 11/25/2048      803,601        **       836,676  
   FEDERAL NAT MTG ASN GTD REM PA 2019-38 AB 3% 07/25/2039      878,316        **       897,532  
   FEDERAL NAT MTG ASN GTD REM PA 2.5% 10/25/2039      585,206        **       590,280  
   FEDERAL HOME LN MTG MLT CTF GT 4135 AB 1.75% 06/15/2042      43,802        **       43,365  
   FEDERAL HOME LN MTG MLT CTF GT 2% 08/15/2032      167,082        **       166,501  
   FEDERAL HOME LN MTG MLT CTF GT 2% 10/15/2032      174,802        **       173,769  
   FEDERAL HOME LN MTG MLT CTF GT 3.0% 05/15/2045      314,644        **       325,054  
   FREDDIE MAC 4656 PA 3.5% 10/15/2045      539,019        **       558,935  
   FHR 4683 EA 2.5% 05/47      662,278        **       663,486  
   FREDDIE MAC REMICS 2018-4766 MA 3.5% 02/15/2046      1,004,560        **       1,040,567  
   FEDERAL HOME LN MTGE CORP 4765 QA 3% 02/15/2046      1,073,786        **       1,097,849  
   FEDERAL HOME LN MTG MLT CTF GT 4847 CA 3.5% 11/15/2045      637,034        **       656,460  
   FEDERAL HOME LN MTG MLT CTF GT 4% 07/15/2047      963,788        **       1,008,935  
   FEDERAL HOME LN MTG MLT CTF GT 2019-4872 AB 4% 08/15/2047      919,046        **       962,672  
   FEDERAL HOME LN MTG MLT CTF GT 3% 07/25/2039      688,265        **       703,748  
   FREDDIE MAC REMICS 3% 10/25/2048      616,194        **       633,219  
        

 

 

   

 

 

 
   Total Mortgage Backed Securities         —       $ 86,908,714  
        

 

 

   

 

 

 
   Asset Backed Securities:        
   ALLY MASTER OWNER TR 2017-3 A2 2.04% 6/15/2022      446,000        **     $ 446,333  
   ALLY MASTER OWNER TR 2.7% 01/17/2023      540,000        **       544,479  
   ALLY MASTER OWNER TR 2018-2 A 3.29% 05/15/2023      683,000        **       696,009  
   AMXCA 2018-4 A 2.99% 12/15/2023      543,000        **       551,792  
   AMERICAN EXPRESS CR ACC MST TR 18-6 A 3.06% 02/15/2024      539,000        **       549,524  
   AMERICAN EXPRESS CR ACCT MS TR 2019-2 A 2.67% 11/15/2024      690,000        **       702,975  
   AMERICAN EXPRESS CR ACCOUNT SECD NT TR 2019-1 A 2.87% 10/15/2024      223,000        **       228,129  
   BA CR CARD TR 2018-A1 A1 2.7% 07/17/2023      674,000        **       681,399  
   BMW FLOORPLAN MASTER OWNER TR 3.15% 5/15/23 144A      499,000        **       507,480  
   BMWLT 2017-2 A3 2.07% 10/20      90,645        **       90,702  

 

17

Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419 PLAN# 002

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

DECEMBER 31, 2019

 

    (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     		 
   BMW VEHICLE LEASE TRUST TR 2019-1 2.84% 11/22/2021      374,000        **       377,317  
   BANK OF THE WEST AUTO TRUST 2017-1 2.11% 01/15/2023 144A      402,056        **       402,463  
   BANK OF THE WEST AUTO TRUST 2018-1 A3 3.43% 12/15/2022 144A      276,000        **       279,345  
   BANK OF THE WEST AUTO TRUST 2019-1 2.43% 04/15/2024 144A      296,000        **       298,012  
   CNH EQUIP TR 2018-A 3.12% 07/17/2023      497,000        **       503,436  
   CANADIAN PACER AUTO RECEIVABLES TRUST 2017-1A A3 2.05% 03/19/2021 144A      87,406        **       87,459  
   CANADIAN PACER AUTO RECEIVABLES TRUST 2018-2A A3 3.27% 12/19/2022 144A      412,000        **       417,621  
   COMET 2015-A2 A2 2.08% 03/23      179,000        **       179,287  
   CAPITAL ONE MULTI-ASST EXEC TR 2.84% 12/15/2024      710,000        **       725,293  
   CARMAX AUTO OWNER TRUST 2016-4 1.4% 08/15/2021      128,460        **       128,332  
   CARMAX AUTO OWNER TRUST 2017-4 2.11% 10/17/2022      204,784        **       205,178  
   CARMX 2017-3 A3 1.97% 04/15/22      150,927        **       151,067  
   CARMX 2018-2 A3 2.98% 01/23      293,000        **       296,319  
   CARMAX AUTO OWNER TR 2018-4 3.36% 09/15/2023      334,000        **       341,214  
   CARMAX AUTO OWNER TR 2019-1 3.05% 03/15/2024      454,000        **       462,134  
   CCCIT 2017-A8 A8 1.86% 08/08/2022      600,000        **       604,435  
   CCCIT 2018-A1 A1 2.49% 1/23      555,000        **       565,002  
   DELL EQUIPMENT FINANCE TRUST 2018-1 A3 3.18% 06/22/2023 144A      169,000        **       170,464  
   DELL EQUIPMENT FINANCE TRUST 2018-2 A3 3.37% 10/22/2023 144A      226,000        **       229,296  
   DISCOVER CARD EXECUTION NOTE 2017-A6 A6 1.88% 02/15/2023      449,000        **       449,416  
   DISCOVER CARD EXECUTION NT TR 2018-A5 A5 3.32% 03/15/2024      659,000        **       676,161  
   DISCOVER CARD EXECUTION NT TR 2019-A1 A1 3.04% 07/15/2024      531,000        **       544,397  
   FITAT 2017-1 A3 1.8% 02/15/2022      159,570        **       159,552  
   FORD CR FLOORPLN MAST OWN TR 2017-1 A1 2.07% 05/15/2022      374,000        **       374,405  
   FORD CR FLOORPLN MAST OWN TR A 2017-2 A1 2.16% 09/15/2022      595,000        **       596,234  
   FORD CREDIT FLOORPLAN MASTER 2018-1 A1 2.95% 05/15/2023      678,000        **       685,964  
   FORD CREDIT AUTO OWNER TRUST 16-1 A 2.31% 08/15/2027 144A      249,000        **       250,163  
   FORDR 2015-2 A 2.44% 01/27      327,000        **       328,052  
   FORDO 2016-C A3 1.22% 03/21      57,403        **       57,395  
   FORDO 2017-A A3 1.67% 6/21      126,821        **       126,830  
   FORD CR AUTO OWNER TR 2019-1 A 3.52% 07/15/2030 144A      550,000        **       578,217  
   GFORT 2017-1 A1 2.22% 1/22 144A      510,000        **       510,492  
   GMF FLOORPLAN OWNER REVOLVING TR 3.13% 03/15/2023144A      513,000        **       519,983  
   GMCAR 2018-1A A3 2.32% 7/18/22      233,131        **       233,972  
   GM FINANCIAL AUTOMOBILE LEASING TRUST 2019-1 2.98% 12/20/2021      320,000        **       323,114  
   GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2019-12.97% 11/16/2023      513,000        **       520,683  
   GM FINL AUTOMOBILE LEASING TR 2019-1 2.67% 03/21/2022      192,000        **       193,603  
   HONDA AUTO REC TR 2016-4 1.21% 12/18/2020      53,299        **       53,280  
   HONDA AUTO RECEIVABLES 2017-1 OWNER TR 1.72% 07/21/2021      148,153        **       148,099  
   HART 2016-B A3 1.29% 04/15/21      77,007        **       76,998  
   HYUNDAI AUTO RECEIVABLES TR 19-B 1.94% 02/15/202415/2024      393,000        **       393,607  
   HYUNDAI AUTO LEASE SECURITIZATION TR 2018-A A3 2.79% 07/15/2022      340,000        **       342,761  
   JOHN DEERE OWNER TR 2019-B 2.21% 12/15/2023      435,000        **       438,273  
   KUBOTA CR OWNER TR 2018-1A A3 3.1% 08/15/2022 144A      678,000        **       686,841  
   MERCEDES-BENZ AUTO LEASE TRUST 2019-B A3 2.03% 10/17/2022      300,000        **       300,337  
   MERCEDES-BENZ AUTO LEASE TR 2019-A A3 3.1% 11/15/2021      337,000        **       340,512  
   NAROT 2017-A A3 1.74% 08/16/2021      230,216        **       230,246  
   NAROT 2016-B A3 1.32% 01/15/21      6,751        **       6,753  
   SANTANDER RETAIL AUTO LEASE TR 2017-A A3 2.22% 01/20/2021 144A      212,539        **       212,722  
   SANTANDER RETAIL AUTO LEASE TRUST 2018-A 2.93% 05/20/2021 144A      428,182        **       429,741  
   SECURITIZED TERM AUTO RECEIVABLES TRUST 2017-2 2A A3 2.04% 04/26/2021 144A      119,198        **       119,222  
   SECURITIZED TERM AUTO RECEIVABLES TR 2019-1 2.986% 02/27/2023 144A      352,000        **       356,019  
   SECURITIZED TERM AUTO RECEIVABLES TRUST 2018-2A A3 3.325% 08/25/2022 144A      660,000        **       667,110  
   TOYOTA AUTO RECEIVABLES 2018-B A3 OWNER TRUST 2.96% 09/15/2022      346,000        **       349,852  
   USAA AUTO OWNER TRUST 17-1 A3 1.79% 05/17/2021      33,533        **       33,543  
   VERIZON OWNER TRUST 2017-2A A 1.92% 12/20/2021 144A      155,568        **       155,642  
   VERIZON OWNER TR 2017-3A A1A 2.06% 04/20/2022 144A      471,209        **       471,661  
   VOLKSWAGEN AUTO LN ENHANCED TR 2018-1 A3 3.02% 11/21/2022      320,000        **       323,977  
   WORLD OMNI AUTO RECEIVABLES TRUST 2016-B 1.3% 02/15/2022      135,294        **       135,091  
   WOART 2016-A A3 1.77% 9/15/21      35,050        **       35,065  
   WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TR 2019-A A3 2.94% 05/16/2022      287,000        **       291,041  
        

 

 

   

 

 

 
   Total Asset Backed Securities         —       $ 25,149,522  
        

 

 

   

 

 

 
   Corporate Bonds:        
   APPLE INC 2.85% 05/06/2021      510,000        **     $ 519,970  
   BANK NOVA SCOTIA BC 2.7% 03/07/2022      640,000        **       656,520  
   BERKSHIRE HATHAWAY INC DEL 2.75% 03/15/2023      320,000        **       330,529  
   CHEVRON CORP 2.419% 11/17/2020      940,000        **       946,913  
   EXXON MOBIL CORP 2.222% 03/01/2021      640,000        **       648,731  
   GENERAL ELECTRIC CO 3.375% 03/11/2024      602,000        **       629,394  
   GUARDIAN LIFE GLOBAL FUNDING 3.4% 04/25/2023 144A      700,000        **       731,850  
   HSBC HOLDINGS PLC 3.262/VAR 03/13/2023      1,000,000        **       1,032,286  

 

18

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, 2019

 

    (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     		 
   JOHNSON & JOHNSON 2.25% 03/03/2022      2,385,000        **       2,428,112  
   MERCK & CO INC NEW 1.85% 02/10/2020      1,000,000        **       1,007,000  
   MET LIFE GLOB FUNDING I 2.65% 04/08/2022 144A      950,000        **       969,477  
   MICROSOFT CORP 1.55% 08/08/2021      1,000,000        **       1,004,578  
   NEW YORK LIFE GLB FD MTN 144A 1.7% 09/14/2021 144A      1,000,000        **       1,003,739  
   NEW YORK LIFE GLB FD MTN 144A 2.3% 06/10/2022 144A      1,000,000        **       1,009,829  
   NOVARTIS CAP CORP 2.4% 05/17/2022      1,000,000        **       1,016,749  
   ONTARIO PROVINCE CDA 2.4% 02/08/2022      648,000        **       662,284  
   PECO ENERGY COMPANY 1.7% 09/30/2021      660,000        **       662,287  
   PRICOA GLOBAL FDG I MTN 2.4% 09/23/2024 144A      651,000        **       658,891  
   PRICOA GLOBAL FDG I MTN 2.45% 09/21/2022 144A      448,000        **       456,253  
   PROTECTIVE LIFE GLOBAL FDG 2.615% 08/22/2022 144A      450,000        **       459,137  
   QUEBEC PROVINCE CDA 2.375% 01/31/2022      1,234,000        **       1,261,434  
   SHELL INTL FIN B V 2.25% 11/10/20      806,000        **       811,320  

*

   STATE STREET CORP 1.95% 05/19/2021      1,000,000        **       1,004,127  
   SVENSKA HANDELSBANKEN AB 3.35% 05/24/2021      700,000        **       716,067  
   TORONTO DOMINION BANK 2.125% 04/07/2021      350,000        **       353,767  
   TOYOTA MOTOR CREDIT CORP 3.05% 01/08/2021      179,000        **       183,760  
   WALMART INC 2.85% 07/08/2024      1,000,000        **       1,050,322  
   WELLS FARGO CO NEW MTN SR NTS 3.0% 01/22/2021      635,000        **       650,817  
   WELLS FARGO BK NA SF CA MTN BE 3ML+65 09/09/2022      2,700,000        **       2,721,507  
        

 

 

   

 

 

 
  

Total Corporate Bonds

        —       $ 25,587,650  
        

 

 

   

 

 

 
  

Synthetic guaranteed investment contract and wrapper contracts:

       
  

ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE GUARANTEED INVESTMENT CONTRACT

        **     $ (2,998,780 ) 
        

 

 

   

 

 

 
  

Total synthetic guaranteed investment contract and wrapper contracts

        —       $ (2,998,780 ) 
        

 

 

   

 

 

 

*

  

Participant loans

    

3.25% - 7.25%

Maturing 2020 - 2033

 

 

     **     $ 72,987,097  
        

 

 

   

 

 

 
  

Total investments at year end

        277,285,452     $ 5,418,174,716  
        

 

 

   

 

 

 

 

*

Party-in-interest

**

Historical cost is disclosed only for nonparticipant-directed investments

 

19

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, 2020       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

 

 

20

Table of Contents

EXHIBIT INDEX

 

Exhibit

 Number 

 

Description

23(a)   Consent of Crowe LLP

 

21

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