Slides
Page 1
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text 1 October 21, 2026 Third Quarter 2026 Earnings Conference Call
Page 2
ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white- 2 Cautionary Statements and Risk Factors That May Affect Future Results This presentation includes forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. Factors that could cause actual results to differ are discussed in the Appendix herein and in NextEra Energy’s SEC filings. Other See Appendix for definition of Adjusted Earnings, Adjusted EBITDA and Adjusted EBITDA by Asset Category expectations. Non-GAAP Financial Information This presentation refers to certain financial measures that were not prepared in accordance with U.S. generally accepted accounting principles. Reconciliations of historical non- GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix herein.
Page 3
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. NextEra Energy delivered strong third quarter results, growing adjusted earnings per share by 9.7% year-over-year 3 NextEra Energy Results – Third Quarter Adjusted Earnings ($ MM) Adjusted EPS $2,348 $2,592 2025 2026 $1.13 $1.24 2025 2026
Page 4
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Hurricane Isaias made landfall in the northwest Florida panhandle on October 9th as a strong Category 2 storm 4 Approximately 435,000 FPL customers were impacted by Hurricane Isaias FPL had a restoration workforce of ~17,000 men and women from 29 states Smart grid technology avoided ~140,000 outages Undergrounding investments greatly benefited customers performing ~14x better than overhead Storm exited early Saturday and over 97% of our customers were returned to service 3 days later
Page 5
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. NextEra Energy continues to execute on its 2025 Investor Conference objectives 1. Unless otherwise noted 2. Secured projects across NEET and gas transmission that have been awarded, are under development and are expected to be in operation by 2032 3. Federal Hub projects included at 50% of nameplate capacity to reflect adjusted EPS contribution profile under fee-based structure 4. Nine months ended September 30, 2026 over nine months ended September 30, 2025 5 2025 Investor Conference T argets through 20321 YTD 2026 Performance Executed Results Electric Transmission Gas Transmission 20%+ regulatory capital employed CAGR ~25% regulatory and invested capital & secured2 growth since Investor Conference Results Renewables Storage Gas Generation Nuclear NEER Large Load Recontracting PPAs 72 to 99 GW development expectations ~7.5 GW of opportunities Launched new data center hub origination channel 4 to 8 GW development expectations >2/3 of 2026–2029 development expectations are in backlog or have reached COD ~8 GW of adj EPS equivalent natural gas projects3 Point Beach/Seabrook opportunities; Duane Arnold ~1 GW PPA at Point Beach; DOE loan at Duane Arnold >20 GW between Federal Hubs and Paducah Hub Recontracted ~2.4 GW of projects ResultsEPS Growth 8%+ adjusted EPS growth 9.5% adjusted EPS growth YTD4 Results Florida Power & Light FPL Large Load 9% regulatory capital employed growth 6 GW of Large Load 9.2% regulatory capital employed growth YTD Increased expectations from 6 GW to 8 GW Results Customer Supply Artificial Intelligence Adding value through Customer Supply Closed Symmetry transaction Leverage AI to provide customer solutions >100 strategic initiatives under execution
Page 6
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text Florida Power & Light supports rapid growth with smart investments, high reliability and low customer bills 1. National average reflects 50 utilities serving a large number of customers, MWh sales and geographic diversity; bill amounts reflect the latest available information and may have different effective dates 2. 2025 adjusted system average interruption duration index as reported to the FPSC; national average from PA Consulting ReliabilityOne database and EIA 2025 Report, (2024 data year); IOUs with 150K+ customers 3. Source: Bureau of Economic Analysis, through Q2 2026; Florida Chamber of Commerce FPL residential bill remains ~37% below the national average1 NextEra Energy Top decile reliability that’s more than 60% better than the national average2 FPL added over 86,000 customers from the prior-year comparable period FPL customer service ranked top decile nationally for residential customer satisfaction Updated large load expectations from 6 GW to 8 GW by 2032 6 Florida’s $1.9 trillion annual economy is the 14th largest in the world3
Page 7
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT background and change background color to white. Energy Resources had a strong quarter and continues to deliver energy infrastructure to help America meet its power needs 1. DOC and Government of Japan Federal Hub received funding for $3.3 B and DOC and Republic of Korea Federal Hub received funding for $2.4 B 2. Since Investor Conference 2025; secured projects across NextEra Energy Transmission and gas transmission that have been awarded, are under development and are expected to be in operation by 2032 7NextEra Energy ~16.5 GW of Federal Hubs with the DOC/ Government of Japan and DOC/Republic of Korea; definitive agreements with initial $5.7 B funding1 16.5 GW Natural Gas Up to $1.9 B DOE Loan for Duane Arnold Energy Center in Iowa $1.9 B DOE Loan Regulated transmission increased ~25% in regulatory and invested capital & secured capex2 ~25% Growth in Transmission 4.6 GW at Paducah Energy Hub; up to 2 GW of natural gas and up to 2.6 GW of battery storage systems 4.6 GW Paducah Hub ~1 GW at Point Beach Nuclear and over 250 MW of renewables; total recontracting of ~2.4 GW 1.3 GW Recontracted Added 3.7 GW of renewables and storage to the backlog in the third quarter bringing total backlog to 36.7 GW; ~15 GW LTM 3.7 GW Backlog Additions
Page 8
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. NextEra Energy Resources is growing its regulated and long-term contracted business through multiple opportunities and technologies 0Renewables, Nuclear and Storage1 14 GW ~34 GW 1. Backlog as of October 21, 2026 2. Secured projects across NextEra Energy Transmission and gas transmission that have been awarded, are under development and are expected to be in operation by 2032 8 Electric & Gas Regulated Transmission December 2025 September 2026 ~$10 B ~$12.7 B Energy Resources Recontracting 1.0 GW ~2.4 GW~1.4 GW Nuclear Renewables Total Regulatory and Invested Capital Secured CapEx2 2026–2029 Development Expectations >2/3 in backlog or have reached COD44.6–61.6 GW ~25% Remaining Development Expectations In Backlog or Reached Commercial Operations ~17.6 GW remaining to meet midpoint
Page 9
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Federal Hubs de-risk natural gas expectations through 2032 and provide upside battery storage growth opportunity 1. Federal Hub projects included at 50% of nameplate capacity to reflect adjusted EPS contribution profile under fee-based structure 2. 4-hour equivalent 9 8 10 4–8 2 2026–2032 Development Expectations Federal Hubs Adjusted EPS Equivalent Paducah Hub Federal Hubs + Paducah Hub Natural Gas Development GW 6 GW midpoint Battery Storage Upside Opportunity GW 2026–2032 Development Expectations Federal Hub Battery Storage Upside Opportunity Development Expectations + Federal Hub Battery Storage Upside Opportunity 32–43 6–11 38–54~15–30% Upside 21
Page 10
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. The combined company will drive affordability, create local jobs and deliver all forms of energy infrastructure 10 Juno Beach, Florida Co-Headquarters Co-HeadquartersLong Term Customer Benefits Cayce, South Carolina Operational Headquarters Richmond, Virginia Co-Headquarters Dominion VA/NC and Dominion SC maintain strong local leadership Build More Efficiently Finance More Efficiently Operate More Efficiently Buy More Efficiently One of the industry’s strongest balance sheets Cross-enterprise opportunities Growing company Career Opportunities NextEra Energy + Dominion Energy
Page 11
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT background and change background color to white. Building something greater together for Virginia Note: All additional commitments are subject to approval by the State Corporation Commission (SCC) 11 Doubling bill credits Extended the monthly bill credit period for Virginia residential customers from two years to four years 1 Reduce costs Over the long term, buy, build, finance and operate more efficiently to invest in new infrastructure more affordably Protect low-income customers Increase EnergyShare, Dominion Energy’s energy bill assistance program, by $100MM through 2038 Make Virginia more energy independent Invest in additional solar, storage and dispatchable resources to reduce reliance on expensive imported power Enhanced storm response With absolutely no Virginia funding for storm restoration in any other state, including Florida 2 3 4 5 Jobs Bringing 600 NextEra Energy jobs, 400 supplier jobs and thousands of indirect jobs across the Commonwealth 6 Co-Headquarters Build, at shareholder expense, a NextEra Energy co-headquarters tower in Richmond Invest in communities Increase shareholder-funded charitable giving in Virginia by $7 MM annually for five years Workforce development and suppliers Create a $100 MM workforce development fund and establish up to a $1 B annual, five-year Virginia Supplier Program Virginia Clean Economy Act Accelerate renewable and energy storage build in Virginia 7 8 9 10 New New New New New New NextEra Energy + Dominion Energy
Page 12
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. 12 Subject to regulatory approvals, we expect the NextEra Energy and Dominion Energy merger to close in the second half of 2027 Federal regulatory applications / regulatory approval process1: FERC, NRC, HSR Transaction Announcement Filed Form S-4/Joint Proxy Statement Receive required approvals Close merger Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 NextEra Energy + Dominion Energy 1. Federal Energy Regulatory Commission (FERC); Nuclear Regulatory Commission (NRC); Hart-Scott-Rodino Anti-Trust Act (HSR); North Carolina Utilities Commission (NCUC); Public Service Commission of South Carolina (PSCSC); Virginia State Corporation Commission (VSCC) State regulatory applications / regulatory approval process1: NCUC, PSCSC, VSCC Merger Approved by NEE & D Shareholders
Page 13
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. FPL ’s earnings per share increased 6 cents from the prior-year comparable quarter 13 FPL Results – Third Quarter Net Income ($ MM) EPS $1,463 $1,620 2025 2026 $0.71 $0.77 2025 2026
Page 14
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. FPL investments continue to focus on keeping customer bills low while delivering reliable electricity 1. Largely driven by increase in retail ROE from 11.7% to 11.8% 2. Excludes accumulated deferred income taxes; 4-month average; includes retail rate base, wholesale rate base, clause-related investments and AFUDC projects 14 FPL EPS Contribution Drivers EPS Growth Regulatory Capital Employed2 ($ B) Third Quarter FPL – 2025 EPS $0.71 Drivers: New investments $0.05 Other, including share dilution1 $0.01 FPL – 2026 EPS $0.77 Q3 2025 Q3 2026 Retail Rate Base Other $74.2 $81.1 ~9.2% Growth
Page 15
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Florida’s economy remains robust, and FPL continues to benefit from strong customer growth 1. Based on average number of customer accounts for the quarter 2. Source: Bureau of Labor Statistics, labor participation and unemployment through September 2026; October 2025 data unavailable as a result of the government shutdown 3. Source: Bureau of Economic Analysis, through Q2 2026 15 2019 Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2025 Q1 2026 Q1 0 20 40 60 80 100 120 140 86.4 Florida Economy & Customer Characteristics Retail kWh Sales (Change vs. prior-year) Customer Growth1 (Change vs. prior-year quarter; 000s) Florida Unemployment & Labor Participation Rates2 Florida GDP3 ($ B) Third Quarter Customer Growth & Mix 1.4% + Usage Change Due to Weather 1.4% + Underlying Usage Change/Other 0.0% = Retail Sales Change 2.8% 0 250 500 750 1,000 1,250 1,500 1,750 2,000 2019 Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2025 Q1 2026 Q148% 50% 52% 54% 56% 58% 60% 62% 64% 0% 2% 4% 6% 8% 10% 12% 14% 16% 1/19 1/20 1/21 1/22 1/23 1/24 1/25 1/26 Labor Participation Rate (Right Axis)
Page 16
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. NextEra Energy Resources’ adjusted earnings increased ~13% from the prior- year comparable quarter 1. Attributable to NextEra Energy 16 NextEra Energy Resources Results1 – Third Quarter GAAP Adjusted Net Income ($ MM) EPS Net Income ($ MM) EPS $1,102 $1,247 2025 2026 $0.53 $0.59 2025 2026 $1,275 $1,491 2025 2026 $0.62 $0.71 2025 2026
Page 17
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. NextEra Energy Resources’ growth was driven by new additions to our power generation and storage portfolio 1. Includes NextEra Energy Resources’ ownership share of XPLR Infrastructure, LP’s assets 2. Includes project contributions from wind, solar, storage, nuclear, gas, peaking and renewable natural gas projects during the first twelve months of operation or ownership and fees from management construction and operating services agreements (federal hub projects) during the first twelve months such fees are earned 3. Includes project contributions from wind, solar, storage, nuclear, gas, peaking, renewable natural gas projects and repowered wind projects beginning with the thirteenth month of operation or ownership and fees from federal hub projects beginning with the thirteenth month of fees earned 4. Includes natural gas, natural gas liquids and oil production results 5. Includes results from NEET and regulated gas transmission assets 17 NextEra Energy Resources Third Quarter 2026 Adjusted EPS1 Contribution Drivers Q3 2025 Adjusted EPS New Investment Existing Energy Assets Customer Supply Regulated Operations Other Q3 2026 Adjusted EPS $0.53 $0.09 $0.05 $0.59 ($0.04) ($0.04) $0.00 3 542
Page 18
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. NextEra Energy Resources added 3.7 GW to the backlog during the third quarter Note: Totals may not foot due to rounding 1. GW capacity expected to be owned and/or operated by NextEra Energy Resources as well as build-own-transfers; backlog defined as assets with signed long-term power purchase agreements, build-own-transfer projects and assets with expected long-term agreements including power hedging and/or the sale of environmental attributes; includes repowering and repowering expectations for partially owned assets, reflected as NextEra Energy's expected ownership share; all projects are subject to development and construction risks includes origination expectations in the “15 by 35” channel 2. Includes repowering expectations for partially owned assets, reflected at NextEra Energy’s expected ownership share 3. As of October 21, 2026; net of ~1.8 GW placed in service and ~0.3 GW of projects removed from backlog since July 24, 2026; includes ~0.0 GW for post-2032 delivery 4. Federal Hub projects would be included upon execution of PPAs at 50% of nameplate capacity to reflect adjusted EPS contribution profile under fee-based structure 18 NextEra Energy Resources Development Program1 3.7 GW of new generation and storage added to the backlog since the second quarter call • ~0.6 GW of solar • ~2.4 GW of battery storage • ~0.7 GW of wind Energy Resources’ backlog stands at ~36.7 GW3,4 2026–2027 COD & Backlog 2026–2027 Expectations 2028–2029 Backlog 2028–2029 Expectations 2030–2032 Backlog 2030–2032 Expectations 2026–2032 Expectations Wind2 3.5 3.5–5.5 2.9 3.0–5.0 0.6 2.0–4.0 8.5–14.5 Solar2 10.3 8.5–11.5 4.8 11.0–15.0 2.0 12.0–15.0 31.5–41.5 Battery Storage 7.8 8.0–10.0 5.6 10.0–14.0 1.9 14.0–19.0 32.0–43.0 Gas Generation 0.0 0.0 0.0 0.0 0.0 4.0–8.0 4.0–8.0 Nuclear 0.0 0.0 0.6 0.6 0.0 0.0 0.6 Total 21.6 20.0–27.0 13.9 24.6–34.6 4.5 32.0–46.0 76.6–107.6
Page 19
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. NextEra Energy’s adjusted earnings per share increased 9.7% year-over-year 19 NextEra Energy EPS Summary – Third Quarter GAAP Q3 2025 Q3 2026 Change FPL $0.71 $0.77 $0.06 NextEra Energy Resources $0.62 $0.71 $0.09 Corporate and Other ($0.15) $0.80 $0.95 Total $1.18 $2.28 $1.10 Adjusted Q3 2025 Q3 2026 Change FPL $0.71 $0.77 $0.06 NextEra Energy Resources $0.53 $0.59 $0.06 Corporate and Other ($0.11) ($0.12) ($0.01) Total $1.13 $1.24 $0.11
Page 20
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. NextEra Energy remains well positioned to continue our strong adjusted earnings per share growth 1. Subject to our caveats 2. 2025 adjusted EPS of $3.71 3. 2025 base of $12.5 B 4. Off a 2026E base; dividend declarations are subject to the discretion of the board of directors of NextEra Energy 20 NextEra Energy’s Financial Expectations1 2025 2026E 2030E 2032E 2035E $3.92–$4.02$3.71 8%+ Long-term Expectations2 8%+ Long-term Target2 Targeting top end of the adjusted EPS range for 2026 Targeting 8%+ CAGR through 2035 off 2025 adjusted EPS2 Expect ~10% annual dividend per share growth for 2026, off a 2024 base, and 6% per year growth from year-end 2026 through 20284 Expect 8%+ CAGR through 2032 off 2025 adjusted EPS2 Adjusted Earnings Per Share Expectations 2025–2035E Operating Cash Flow3 expected to be at or above EPS growth rate range
Page 21
21 Q&A Session
Page 22
22 Appendix
Page 23
ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text 23 We expect the combined company will deliver a compelling long-term shareholder value proposition 1. 2025–2032E; Off a base of 2025 adjusted EPS of $3.71 2. 2025–2032E 3. Based on business mix methodology used by the credit rating agencies 4. 2025–2032E; off a NextEra Energy base of 2025 of $12.5 B 5. 2025–2032E; off a 2025 pro forma base of $17.9 B 6. Combined company would have one of the highest adjusted EPS growth rate expectations in the industry NextEra Energy NextEra Energy + Dominion 9%+ Long-Term Adj. EPS CAGR Target1 11% Rate Base Growth2 >80% Estimated Regulated Business Mix3 9%+ Operating Cash Flow Growth Target5 4 Utility States 8%+ Long-Term Adj. EPS CAGR Target1 10% Rate Base Growth2 >70% Estimated Regulated Business Mix3 8%+ Operating Cash Flow Growth Target4 1 Utility State We expect the merger to be immediately accretive to NextEra Energy adjusted EPS at closing Largest regulated capital investment opportunity in the industry by wide margin Unmatched large load opportunity Expect to double U.S.’s largest generation fleet by 2032 One of the highest target adjusted EPS growth rates6 Diverse regulated footprint; 90%–95% regulated and long- term contracted business mix3 One of the industry’s strongest balance sheets 15+ ways to grow Best-in-class shareholder value proposition NextEra Energy + Dominion Energy
Page 24
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. NextEra Energy is well positioned to navigate the current interest rate environment 1. Includes effect of interest rate hedges; the illustrative example above reflects an immediate 50-basis point upward shift in the yield curve which is assumed to then stay elevated through 2028 2. NEECH outstanding corporate hedge portfolio notional amount which excludes asset-level swaps as of September 30, 2026 24 $0.00–($0.01) 2026 Interest Rate Sensitivity Estimated Adjusted EPS Impact of +50 bps Interest Rate Increase1 NextEra Energy’s notional interest rate hedges total $48.6 B 2 $0.00–($0.02) 2027 ($0.01)–($0.03) 2028
Page 25
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Potential drivers of variability to consolidated NextEra Energy adjusted EPS 1. These are not the only drivers of potential variability and actual impacts could fall outside the ranges shown; refer to SEC filings, including full discussion of risk factors and uncertainties, made through the date of this presentation 2. Per 1% deviation in the wind production index 3. ± 1% of estimated megawatt hour production on all power generating assets 25 2026 Potential Sources of Variability1 FPL Timing of investment ± $0.01–$0.02 Retail ROE (± 0.1% change) ± $0.015–$0.02 NextEra Energy Resources Wind resource2 (± 1% deviation) ± $0.005–$0.01 Asset reliability3 (± 1% EFOR) ± $0.005–$0.01 Corporate and Other Corporate tax items ± $0.005
Page 26
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. NextEra Energy’s credit metrics remain on track 1. 2025 actual metrics-based on application of each credit rating agency’s respective methodologies for financial statement adjustments and ratio calculations 2. Moody’s evaluates NextEra Energy under dual downgrade thresholds – 1) consolidated follows their standard financial adjustments methodology; and 2) adjusted off-credit treatment of renewables non-recourse debt 26 NextEra Energy Credit Metrics1 S&P A- Range Downgrade Threshold Actual 2025 T arget 2026 FFO/Debt 13%–23% 18% 19.4% >18% Moody’s2 Baa Range Downgrade Threshold Actual 2025 T arget 2026 CFO Pre-WC/Debt (adjusted) 13%–22% 17% 17.8% >17% CFO Pre-WC/Debt (consolidated) 13%–22% 14% 14.5% >14% Fitch A Midpoint Downgrade Threshold Actual 2025 T arget 2026 Debt/FFO + Interest 3.5x 4.3x 4.3x <4.3x
Page 27
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. NextEra Energy Resources Projected 2026 Portfolio Financial Information (includes NEER’s share of partially owned assets; $MM) 27 Adjusted EBITDA1 Value of pre-tax tax credits included in adjusted EBITDA2 Debt Service3 Other4 Pre-Tax Cash Flows5 Remaining Contract Life6 New Investments7 $1,800–$2,200 ($300–$400) ($50–$150) ($0–$150) $1,300–$1,500 Existing Energy Assets Clean Energy8 $6,600–$7,600 ($3,400–$3,800) ($875–$1,100) ($300–$400) $2,000–$2,400 14 Nuclear $1,000–$1,150 - - ($300–$400) $600–$700 Other Generation9 $10–$50 - - ($0–$25) $0–$50 Regulated Operations Natural Gas Transmission $325–$425 - ($125–$175) ($0–$50) $150–$250 Electric Transmission $525–$625 - ($75–$125) ($5–$150) $300–$400 Customer Supply Upstream Gas Infrastructure $450–$550 - - ($25–$75) $425–$525 Customer Supply $850–$1,025 - - ($275–$425) $450–$650 $12,000–$13,000 ($3,700–$4,200) ($1,000–$1,500) ($1,100–$1,600) $5,400–$6,200 1. See Appendix for definition of Adjusted EBITDA by Asset Category 2. Includes pre-tax gross-up of investment tax credits, convertible investment tax credits, production tax credits earned by NEER and production tax credits allocated to tax equity investors 3. Includes principal and interest payments on existing and projected third party debt, and distributions net of contributions t o/from tax equity investors; excludes proceeds of new financings and re-financings, XPLR Infrastructure corporate level debt service, and early payoffs of existing financings 4. Other represents non-cash revenue and expense items included in adjusted EBITDA; included are nuclear fuel purchases, amortization of nuclear fuel, amortization of below or above market PPAs, earnings generated in our nuclear decommissioning funds, gain s or losses on sale of assets, amortization of convertible investment tax credits, AFUDC earnings on regulated transmission projects under construction, realized XPLR Infrastructure deconsolidation gains, and other non-cash gains; includes allocation of credit fee; includes capital expenditures to maintain the existing capacity of the assets; excludes capital expenditures associated with new development activities; for gas infrastructure it includes a level of capital spending to maintain the existing level of EBITDA 5. Excludes changes in working capital, payments for income taxes 6. Remaining contract life is the weighted average based on adjusted EBITDA, includes long-term contracted nuclear, excludes NEET assets as they are part of an ongoing regulatory construct 7. Includes wind, solar, storage, gas and nuclear projects, energy solutions, renewable natural gas projects, federal hub projects and other forecasted additions for 2026 as well as net proceeds (sales proceeds less development costs) of build own transfer sales 8. Includes wind, solar and storage (clean energy) assets with long-term power purchase agreements, build-own-transfer clean energy projects with long-term O&M agreements and assets with long-term agreements for power hedging and/or the sale of environmental attributes; excludes nuclear 9. Includes gas generation and peaking assets, and federal hub gas generation projects
Page 28
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. NextEra Energy Resources Wind Production Index1,2 1. Represents a measure of the actual wind speeds available for energy production for the stated period relative to long-term average wind speeds; the numerator is calculated from the actual wind speeds observed at each wind facility applied to turbine-specific power curves to produce the estimated MWh production for the stated period; the denominator is the estimated long-term average wind speeds at each wind facility applied to the same turbine-specific power curves to produce the long-term average MWh production 2. Includes new wind investments one year after project COD/acquisition date 28 2025 2026 3RD QTR 4TH QTR 1ST QTR 2ND QTR 3RD QTR Location MW Jul Aug Sep QTR MW QTR YE MW QTR MW QTR MW Jul Aug Sep QTR YTD Midwest 5,788 85% 87% 72% 81% 5,788 102% 98% 5,990 98% 5,990 104% 5,990 86% 86% 85% 86% 97% West 6,643 109% 100% 84% 98% 6,663 94% 97% 7,093 95% 7,093 104% 7,294 108% 97% 100% 102% 100% Texas 8,219 100% 90% 89% 93% 8,219 97% 98% 8,219 104% 8,224 103% 8,390 101% 119% 111% 110% 105% Other South 4,946 98% 90% 76% 88% 4,978 94% 94% 5,350 101% 5,350 102% 5,350 93% 116% 101% 103% 102% Canada 474 95% 93% 66% 83% 474 84% 100% 474 80% 474 83% 474 83% 67% 68% 72% 79% Northeast 205 97% 82% 56% 75% 205 84% 99% 205 102% 205 110% 207 122% 98% 106% 109% 106% Total 26,273 99% 92% 80% 90% 26,326 96% 97% 27,331 99% 27,336 103% 27,705 98% 105% 99% 101% 101% A 1% change in the wind production index equates to $0.005–$0.010 of EPS for 2026
Page 29
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Non-Qualifying Hedges1 - Summary of Activity ($ millions, after-tax) 1. Includes NextEra Energy’s share of contracts at consolidated subsidiaries and equity method investees 29 Primary Drivers: Interest Rate Hedges $3,085 Other – Net 13 Electricity related positions (115) Upstream related positions (105) Income Taxes (727) $2,151 Asset/(Liability) Balance as of 6/30/26 ($328) Amounts Realized During 3rd Quarter 95 Change in Forward Prices (all positions) 2,151 Subtotal – Income Statement 2,246 Asset/(Liability) Balance as of 9/30/26 $1,918
Page 30
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Non-Qualifying Hedges1 - Summary of Third Quarter Activity ($ millions) 1. Includes NextEra Energy’s share of contracts at consolidated subsidiaries and equity method investees 30 Description Asset / (Liability) Balance 6/30/2026 Amounts Realized Change in Forward Prices Total NQH Gain / (Loss) Asset / (Liability) Balance 9/30/26 Pretax amounts at share Electricity related positions ($672) $52 ($115) ($63) ($735) Upstream related positions (308) 25 (105) (80) (388) Interest rate hedges 902 36 3,085 3,121 4,023 Other - net (220) 14 13 27 (193) (298) 127 2,878 3,005 2,707 Income taxes at share (30) (32) (727) (759) (789) NEE after tax at share ($328) $95 $2,151 $2,246 $1,918 3rd Quarter
Page 31
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Non-Qualifying Hedges1 - Summary of Year-to-Date Activity ($ millions) 1. Includes NextEra Energy’s share of contracts at consolidated subsidiaries and equity method investees 2. Beginning balance updated for year-to-date rounding 31 Amounts Change in Total NQH Realized Forward Prices Gain / (Loss) Pretax amounts at share Electricity related positions ($675) $216 ($276) ($60) ($735) Upstream related positions (404) 91 (75) 16 (388) Interest rate hedges 304 86 3,633 3,719 4,023 Other - net (321) 27 101 128 (193) (1,096) 420 3,383 3,803 2,707 Income taxes at share 171 (104) (856) (960) (789) NEE after tax at share ($925) $316 $2,527 $2,843 $1,918 Year-to-Date Description Asset / (Liability) Balance 12/31/25 2 Asset / (Liability) Balance 9/30/26
Page 32
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Non-Qualifying Hedges1,2 - Summary of Forward Maturity ($ millions) 1. Includes NextEra Energy’s share of contracts at consolidated subsidiaries and equity method investees. 2. Gain/(Loss) based on existing contracts and forward prices as of September 30, 2026 32 Description Asset / (Liability) Balance 9/30/26 2026 2027 2028 2029 2030–2050 Total 2026–2050 Electricity related positions ($735) $68 $190 $105 $44 $328 $735 Upstream related positions (388) $48 130 94 76 40 $388 Interest rate hedges 4,023 22 (98) (299) (335) (3,313) ($4,023) Other - net (193) $72 (21) 28 8 106 $193 $2,707 $210 $201 ($72) ($207) ($2,839) ($2,707) Pretax amounts at share
Page 33
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Three Months Ended September 30, 2026) 33 (millions, except per share amounts) FPL Energy Resources Corporate & Other NextEra Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 1,620 $ 1,491 $ 1,664 $ 4,775 Adjustments - Pretax: Net losses (gains) associated with non-qualifying hedges - (382) (2,623) (3,005) Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net - 49 - 49 XPLR Infrastructure, LP investment gains – net - 9 - 9 Merger-related expenses - - 19 19 Less related income tax expense (benefit) - 80 665 745 Adjusted Earnings (Loss) $ 1,620 $ 1,247 $ (275) $ 2,592 Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) $ 0.77 $ 0.71 $ 0.80 $ 2.28 Adjustments - Pretax: Net losses (gains) associated with non-qualifying hedges - (0.18) (1.25) (1.43) Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net - 0.02 - 0.02 XPLR Infrastructure, LP investment gains – net - - - - Merger-related expenses - - 0.01 0.01 Less related income tax expense (benefit) - 0.04 0.32 0.36 Adjusted Earnings (Loss) Per Share $ 0.77 $ 0.59 $ (0.12) $ 1.24
Page 34
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Three Months Ended September 30, 2025) 34 (millions, except per share amounts) FPL Energy Resources Corporate & Other NextEra Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 1,463 $ 1,275 $ (300) $ 2,438 Adjustments - Pretax: Net losses (gains) associated with non-qualifying hedges - (182) 108 (74) Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net - (64) - (64) XPLR Infrastructure, LP investment gains – net - 9 - 9 Merger-related expenses - - - - Less related income tax expense (benefit) - 64 (25) 39 Adjusted Earnings (Loss) $ 1,463 $ 1,102 $ (217) $ 2,348 Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) $ 0.71 $ 0.62 $ (0.15) $ 1.18 Adjustments - Pretax: Net losses (gains) associated with non-qualifying hedges - (0.09) 0.05 (0.04) Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net - (0.03) - (0.03) XPLR Infrastructure, LP investment gains – net - - - - Merger-related expenses - - - - Less related income tax expense (benefit) - 0.03 (0.01) 0.02 Adjusted Earnings (Loss) Per Share $ 0.71 $ 0.53 $ (0.11) $ 1.13
Page 35
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Nine Months Ended September 30, 2026) 35 (millions, except per share amounts) FPL Energy Resources Corporate & Other NextEra Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 4,493 $ 4,143 $ 1,466 $ 10,102 Adjustments - Pretax: Net losses (gains) associated with non-qualifying hedges - (709) (3,094) (3,803) Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net - (83) - (83) XPLR Infrastructure, LP investment gains – net - 27 - 27 Merger-related expenses - - 51 51 Less related income tax expense (benefit) - 198 782 980 Adjusted Earnings (Loss) $ 4,493 $ 3,576 $ (795) $ 7,274 Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) $ 2.15 $ 1.98 $ 0.69 $ 4.82 Adjustments - Pretax: Net losses (gains) associated with non-qualifying hedges - (0.34) (1.48) (1.82) Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net - (0.04) - (0.04) XPLR Infrastructure, LP investment gains – net - 0.01 - 0.01 Merger-related expenses - - 0.02 0.02 Less related income tax expense (benefit) - 0.10 0.38 0.48 Adjusted Earnings (Loss) Per Share $ 2.15 $ 1.71 $ (0.39) $ 3.47
Page 36
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Nine Months Ended September 30, 2025) 36 (millions, except per share amounts) FPL Energy Resources Corporate & Other NextEra Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 4,054 $ 2,430 $ (1,184) $ 5,300 Adjustments - Pretax: Net losses (gains) associated with non-qualifying hedges - 95 770 865 Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net - (71) - (71) XPLR Infrastructure, LP investment gains – net - 867 - 867 Merger-related expenses - - - - Less related income tax expense (benefit) - (220) (192) (412) Adjusted Earnings (Loss) $ 4,054 $ 3,101 $ (606) $ 6,549 Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) $ 1.96 $ 1.18 $ (0.57) $ 2.57 Adjustments - Pretax: Net losses (gains) associated with non-qualifying hedges - 0.05 0.37 0.42 Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net - (0.03) - (0.03) XPLR Infrastructure, LP investment gains – net - 0.42 - 0.42 Merger-related expenses - - - - Less related income tax expense (benefit) - (0.12) (0.09) (0.21) Adjusted Earnings (Loss) Per Share $ 1.96 $ 1.50 $ (0.29) $ 3.17
Page 37
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Twelve Months Ended December 31, 2025) (millions, except per share amounts) FPL Energy Resources Corporate & Other NextEra Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 5,012 $ 2,975 $ (1,152) $ 6,835 Adjustments - Pretax: Net losses (gains) associated with non-qualifying hedges - (38) 401 363 Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net - (114) - (114) XPLR Infrastructure, LP investment gains – net - 876 - 876 Merger-related expenses - - - - Less related income tax expense (benefit) - (176) (101) (277) Adjusted Earnings (Loss) $ 5,012 $ 3,523 $ (852) $ 7,683 Earnings (Loss) Per Share Attributable to NextEra Energy, Inc. (assuming dilution) $ 2.42 $ 1.44 $ (0.56) $ 3.30 Adjustments - Pretax: Net losses (gains) associated with non-qualifying hedges - (0.02) 0.20 0.18 Change in unrealized losses (gains) on equity securities held in NEER's nuclear decommissioning funds and OTTI – net - (0.05) - (0.05) XPLR Infrastructure, LP investment gains – net - 0.42 - 0.42 Merger-related expenses - - - - Less related income tax expense (benefit) - (0.09) (0.05) (0.14) Adjusted Earnings (Loss) Per Share $ 2.42 $ 1.70 $ (0.41) $ 3.71 37
Page 38
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Definitional information 38 NextEra Energy, Inc. Adjusted Earnings Expectations (including subsidiaries as applicable) This presentation refers to adjusted earnings per share expectations. NextEra Energy does not provide a quantitative reconciliation of forward-looking adjusted earnings per share to earnings per share, the most directly comparable GAAP financial measure, because certain information needed to reconcile these measures is not available without unreasonable efforts due to the inherent difficulty in forecasting and quantifying these measures. These items include, but are not limited to, the effects of non- qualifying hedges and unrealized gains and losses on equity securities held in NextEra Energy Resources, LLC's nuclear decommissioning funds and other than temporary impairments. These items could significantly impact GAAP earnings per share. Adjusted earnings expectations and other forward-looking statements assume, among other things: normal weather and operating conditions; positive macroeconomic conditions in the U.S. and Florida; supportive commodity markets; current forward curves; public policy support for wind, solar and storage development and construction; market demand for generation development and capacity needs; market demand and policy support for transmission development and expansion; market demand for pipeline capacity; access to capital at reasonable cost and terms; rate case outcomes consistent with historical; no adverse litigation decisions; and no changes to governmental policies or incentives. NextEra Energy Resources, LLC. Adjusted EBITDA Adjusted EBITDA includes NextEra Energy Resources consolidated investments, its share of XPLR Infrastructure, LP and forecasted investments, as well as its share of equity method investments. Adjusted EBITDA represents projected (a) revenue less (b) fuel expense, less (c) project operating expenses, less (d) corporate G&A, plus (e) other income, less (f) other deductions. Adjusted EBITDA excludes the impact of non-qualifying hedges, other than temporary impairments, certain differential membership costs, and net gains associated with XPLR Infrastructure, LP deconsolidation beginning in 2018. Projected revenue as used in the calculations of Adjusted EBITDA represents the sum of projected (a) operating revenue plus a pre-tax allocation of (b) production tax credits, plus (c) investment tax credits and plus (d) earnings impact from convertible investment tax credits. NextEra Energy Resources, LLC. Adjusted EBITDA by Asset Category Adjusted EBITDA by Asset Category includes NextEra Energy Resources consolidated investments, its share of XPLR Infrastructure, LP and forecasted investments, as well as its share of equity method investments. Adjusted EBITDA by Asset Category represents projected (a) revenue less (b) fuel expense, less (c) project operating expenses, less (d) a portion of corporate G&A deemed to be associated with project operations, plus (e) other income, less (f) other deductions. Adjusted EBITDA by Asset Category excludes the impact of non-qualifying hedges, other than temporary impairments, corporate G&A not allocated to project operations, and certain differential membership costs. Projected revenue as used in the calculations of Adjusted EBITDA by Asset Category represents the sum of projected (a) operating revenue plus a pre-tax allocation of (b) production tax credits, plus (c) investment tax credits and plus (d) earnings impact from convertible investment tax credits.
Page 39
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Cautionary Statement 39 This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but instead represent the current expectations of NextEra Energy, Inc. (NextEra Energy) and Florida Power & Light Company (FPL) regarding future operating results and other future events, many of which, by their nature, are inherently uncertain and outside of NextEra Energy’s and FPL’s control. Forward-looking statements in this presentation include, among others, statements concerning the pending business combination transaction between NextEra Energy and Dominion Energy, Inc., a Virginia corporation (Dominion Energy) and future events, plans and anticipated results of operations, the anticipated benefits of the pending transactions, the anticipated impact of the pending transactions on the combined company’s business and future financial and operating results, statements concerning adjusted earnings per share expectations and future operating performance, statements concerning future dividends, statements concerning growth strategies, capital investment opportunities and technology initiatives, and statements concerning interest rate risk management. In addition, all statements other than statements of historical fact included or incorporated by reference in this presentation, including, among other things, statements regarding the pending business combination transaction between NextEra Energy and Dominion Energy, and other aspects of NextEra Energy’s, FPL’s or Dominion Energy’s operations or operating results, are forward-looking statements. In some cases, you can identify the forward-looking statements by words or phrases such as “ambition,” “will,” “may result,” “expect,” “anticipate,” “estimate,” “believe,” “budget,” “intend,” “plan,” “seek,” “potential,” “projection,” “forecast,” “predict,” “goals,” “target,” “outlook,” “should,” “would,” “estimate,” “continue,” “could,” “objective,” “guidance,” “effort” or similar words or expressions. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance, outcomes or results and are subject to numerous risks, uncertainties and other factors, many of which are beyond NextEra Energy’s, FPL’s or Dominion Energy’s control, that could cause actual performance, outcomes or results to differ materially from what is expressed or implied in the forward-looking statements, or may require them to limit or eliminate certain operations. The risks and uncertainties relating to each of NextEra Energy’s and FPL’s businesses and financial condition include, but are not limited to, those discussed in this presentation and the following: risks related to the pending merger with Dominion Energy, including restrictions on our operations during the pendency of the merger; the risk that any governmental or regulatory approval, consent or authorization that may be required for the pending transactions is not obtained, is delayed or is obtained subject to conditions that are not anticipated or that cause the termination of the merger agreement and abandonment of the transactions; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement by either party; the risk that certain provisions in the merger agreement or the pendency of the transactions may impact either party’s ability to pursue certain business opportunities or strategic transactions; the risk that we may not realize the anticipated benefits of the pending transactions or successfully integrate the two companies; the anticipated impact of the pending transactions on the combined company’s business and future financial and operating results, the anticipated closing date for the pending transactions; effects of extensive regulation of NextEra Energy’s and FPL’s business operations; inability of NextEra Energy and FPL to recover in a timely manner any significant amount of costs, a return on certain assets or a reasonable return on invested capital through base rates, cost recovery clauses, other regulatory mechanisms or otherwise; impact of political, regulatory, operational and economic factors on regulatory decisions important to NextEra Energy and FPL; effect of any reductions or modifications to, or elimination of, governmental incentives or policies that support clean energy of NextEra Energy and FPL and their respective affiliated entities or changes in or the imposition of additional tax laws, tariffs, duties, policies or other costs or assessments on clean energy or equipment necessary to generate, store or deliver it; impact of new or revised laws, regulations, executive orders, interpretations or constitutional ballot and regulatory initiatives on NextEra Energy and FPL; capital expenditures, increased operating costs and various liabilities attributable to environmental laws, regulations and other standards applicable to NextEra Energy and FPL; effects on NextEra Energy and FPL of federal or state laws or regulations mandating new or additional limits on the production of greenhouse gas emissions; exposure of NextEra Energy and FPL to significant and increasing compliance costs and substantial monetary penalties and other sanctions as a result of extensive federal, state and local government regulation of their operations and businesses; effect on NextEra Energy and FPL of changes in tax laws, guidance or policies as well as in judgments and estimates used to determine tax-related asset and liability amounts; impact on NextEra Energy and FPL of adverse results of litigation; impacts on NextEra Energy or FPL of allegations of violations of law; effect on NextEra Energy and FPL of failure to proceed with projects under development or inability to complete the construction of (or capital improvements to) electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities and other facilities on schedule or within budget; impact on development and operating activities of NextEra Energy and FPL resulting from risks related to project siting, construction, permitting, governmental approvals and the negotiation of project development agreements, as well as supply chain disruptions; risks involved in the operation and maintenance of electric generation, storage, transmission and distribution facilities, natural gas and oil production and transportation facilities, and other facilities; effect on NextEra Energy and FPL of a lack of growth, slower growth or a decline in the number of customers or in customer usage; planned productivity increases and competitive advantages through the use of artificial intelligence technologies may not be realized and the use of and reliance on artificial intelligence may present certain risks; impact on NextEra Energy and FPL of severe weather and other weather conditions; threats of geopolitical factors, terrorism and catastrophic events that could result from terrorism, cyberattacks or other attempts to disrupt NextEra Energy’s and FPL’s business or the businesses of third parties; inability to obtain adequate insurance coverage for protection of NextEra Energy and FPL against significant losses and risk that insurance coverage does not provide protection against all significant losses; a prolonged period of low natural gas and oil prices, disrupted
Page 40
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Cautionary Statement 40 production or unsuccessful drilling efforts could impact NextEra Energy Resources, LLC’s (NextEra Energy Resources) natural gas and oil production operations and cause NextEra Energy Resources to delay or cancel certain natural gas and oil production projects and could result in certain assets becoming impaired; risk to NextEra Energy Resources of increased operating costs resulting from unfavorable supply costs necessary to provide NextEra Energy Resources’ full energy and capacity requirements services; inability or failure to manage properly or hedge effectively the commodity risk within its portfolio; effect of reductions in the liquidity of energy markets on NextEra Energy’s ability to manage operational risks; effectiveness of NextEra Energy’s and FPL’s risk management tools associated with their hedging and trading procedures to protect against significant losses, including the effect of unforeseen price variances from historical behavior; impact of unavailability or disruption of power transmission or commodity transportation operations on sale and delivery of power or natural gas by NextEra Energy, including FPL; exposure of NextEra Energy and FPL to credit and performance risk from customers, hedging counterparties and vendors; failure of NextEra Energy or FPL counterparties to perform under derivative contracts or of requirement for NextEra Energy or FPL to post margin cash collateral under derivative contracts; failure or breach of NextEra Energy’s or FPL’s information technology systems, or implementation challenges; risks to NextEra Energy’s and FPL’s retail businesses from compromise of sensitive customer data; losses from volatility in the market values of derivative instruments and limited liquidity in over- the-counter markets; impact of negative publicity; inability of FPL to maintain, negotiate or renegotiate acceptable franchise agreements with municipalities and counties in Florida; occurrence of work strikes or stoppages and increasing personnel costs; NextEra Energy’s ability to successfully identify, complete and integrate acquisitions, including the effect of increased competition for acquisitions; environmental, health and financial risks associated with NextEra Energy Resources’ and FPL’s ownership and operation of nuclear generation facilities; liability of NextEra Energy and FPL for significant retrospective assessments and/or retrospective insurance premiums in the event of an incident at certain nuclear generation facilities; increased operating and capital expenditures and/or reduced revenues at nuclear generation facilities of NextEra Energy or FPL resulting from orders or new regulations of the Nuclear Regulatory Commission; inability to operate any of NextEra Energy Resources’ or FPL’s owned nuclear generation units through the end of their respective operating licenses or planned license extensions; effect of disruptions, uncertainty or volatility in the credit and capital markets or actions by third parties in connection with project-specific or other financing arrangements on NextEra Energy’s and FPL’s ability to fund their liquidity and capital needs and meet their growth objectives; defaults or noncompliance related to project-specific, limited-recourse financing agreements; inability of NextEra Energy, FPL and NextEra Energy Capital Holdings, Inc. to maintain their current credit ratings; reduction of NextEra Energy’s and FPL’s liquidity from the inability of credit providers to fund their credit commitments or to maintain their current credit ratings; poor market performance and other economic factors that could affect NextEra Energy’s defined benefit pension plan’s funded status; poor market performance and other risks to the asset values of NextEra Energy’s and FPL’s nuclear decommissioning funds; changes in market value and other risks to certain of NextEra Energy’s assets and investments; effect of inability of NextEra Energy subsidiaries to pay upstream dividends, make distributions or repay funds to NextEra Energy or of NextEra Energy’s performance under guarantees of subsidiary obligations on NextEra Energy’s ability to meet its financial obligations and to pay dividends on its common stock; the fact that the amount and timing of dividends payable on NextEra Energy’s common stock, as well as the dividend policy approved by NextEra Energy’s board of directors from time to time, and changes to that policy, are within the sole discretion of NextEra Energy’s board of directors and, if declared and paid, dividends may be in amounts that are less than might be expected by shareholders; effects of disruptions, uncertainty or volatility in the credit and capital markets on the market price of NextEra Energy’s common stock; and the ultimate severity and duration of public health crises, epidemics and pandemics, and the related effects on NextEra Energy’s or FPL’s businesses. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to NextEra Energy’s, FPL’s and Dominion Energy’s respective periodic reports and other filings with the Securities and Exchange Commission (SEC), including, but not limited to, the risk factors contained in NextEra Energy’s and FPL’s, on the one hand, and Dominion Energy’s, on the other, most recently filed Annual Reports on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q, the registration statement on Form S-4 (Registration No. 333-297351) filed by NextEra Energy with the SEC on July 9, 2026 (Registration Statement), which was declared effective by the SEC on July 23, 2026, and the definitive joint proxy statement/prospectus filed by NextEra Energy with the SEC on July 28, 2026 (definitive joint proxy statement/prospectus). This presentation should be read in conjunction with such SEC filings. Any forward-looking statements included in this presentation represent current expectations, are inherently uncertain and are made only as of the date hereof (or, if applicable, the date(s) indicated in such statement). Except as required by law, neither NextEra Energy nor FPL undertakes or assumes any obligation to update any forward-looking statements, whether as a result of new information or to reflect subsequent events or circumstances or otherwise.
Page 41
TEXT LEVELS Remove bullet on Level to create header text. Use the TAB key to move text to the next text level. Use SHIFT key + TAB key to move text up to the previous text level. Or use the Increase / Decrease List Level on the Home Tab to move down or up between the text levels. Level 1: Keep bold and remove bullet to make a paragraph • Level 2: Bulleted paragraph text – Level 3: Bulleted paragraph text ALL WHITE BACKGROUND To change the background to all white, right-click outside the slide, and choose FORMAT BACKGRUND and change background color to white. Cautionary Statement 41 No Offer or Solicitation This presentation is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Additional Information about the Transactions and Where to Find It In connection with the pending transactions, NextEra Energy has filed with the SEC the Registration Statement, which includes a joint proxy statement of NextEra Energy and Dominion Energy that also constitutes a prospectus of NextEra Energy. The Registration Statement was declared effective by the SEC on July 23, 2026. NextEra Energy filed the definitive joint proxy statement/prospectus with the SEC, and Dominion Energy filed a definitive proxy statement with the SEC, in each case, on July 28, 2026, and each of NextEra Energy and Dominion Energy commenced mailing of the definitive joint proxy statement/prospectus to their respective shareholders on or about July 28, 2026. Each of NextEra Energy and Dominion Energy may also file other relevant documents with the SEC regarding the pending transactions. This presentation is not a substitute for the Registration Statement or the definitive joint proxy statement/prospectus or any other document that NextEra Energy or Dominion Energy may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONT AIN IMPORTANT INFORMATION ABOUT NEXTERA ENERGY, DOMINION ENERGY, THE PENDING TRANSACTIONS AND RELATED MATTERS. Investors and security holders may obtain free copies of the Registration Statement, the definitive joint proxy statement/prospectus and other documents containing important information about NextEra Energy, Dominion Energy and the pending transactions filed or that will be filed with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by NextEra Energy are available free of charge on NextEra Energy’s website at http://www.investor.nexteraenergy.com/ or by contacting NextEra Energy’s Investor Relations Department by email at investors@nexteraenergy.com or by phone at (800) 222-4511. Copies of the documents filed with the SEC by Dominion Energy are available free of charge on Dominion Energy’s website at http://investors.dominionenergy.com or by contacting Dominion Energy’s Investor Relations Department by email at investor.relations@dominionenergy.com or by phone at (804) 819-2438.