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NextEra Energy Resources is a subsidiary of NextEra 

Energy; Florida Power & Light is NextEra Energy's other 

principal business 

• $22.7 8 market capitalization 

• 42,678 MW in operation 

.----- • $15.6 8 operating revenues 

• $48.5 8 in total assets 

• One of the largest U.S. electric utilities 

• Vertically integrated, retail rate-regulated 

• 4.5 MM customer accounts 

• 24,530 MW in operation 

• $11.5 8 in operating revenues 

• $26.8 8 in total assets 

2 Marl<et capl1al- as of s.ptember I, 2010; ..,._, Bloombotg 

Operating ,__lOt the year ended December 31, 2009 

All olhe< cl<lta •• of December 31. 2009 

NextEra Energy Resources 

• Successful wholesale generator 

• U.S. leader in renewable generation 

• Assets in 26 states and Canada 

• 18,148 MW in operation 

• $4.0 8 in operating revenues 

• $20.1 8 in total assets 

EX-era 

ENERGV-3 

_/uuucu: 
NextEra Energy is one of the largest power companies in the 

u.s. 

"·"'I ..... 

...... 

..... """ 

11M zs,.ooo ·: 

.

-.... · 

·-..... 

• 

Owned Capacity<1l 

Number of Retail Customers<

2l 

• 

• 

• 

.,.__., ...... l ·~) 

2 

' 

0 

... , 

t1l -! 

"'1 f14 ~ 

... ' 

.. $10 

.. 

... 

S4 " 

g .; u .. .... 

S3.0 ~ 

.... ~ 

$2.0 

•st.s 

$1.0 -t 

$0..$ -

$0.0 ..! u 

Revenue<3l 

tXt~f!l ~e gy I 

Net lncomel3l 

NextEnl EMtgy 

$1.68 

(1) .SO..C.: SN. ~----Hull~ Enttw ""L 2010 Ten v_, SU P111n ScNcUes 1 & 9' Enwgy ~ pcdolo u ot 

Dlelmctt Jt, 2001 E era 

3 ENERGY~ 

(2) SOIMce.. 2010 t~• De'laSol.rot a..r..y•• o.o.mw ,,, 2001 

(3) ~ BlootnWg Uta tor I&P lllc:Cr\oUt.I•Mt ~~ OOI"'poNr'll5" o1 o..::.mblt 31, 2009 

ucturu 
NextEra Energy is significantly diversified across its portfolio 

of assets and opportunities 

So(ar 

• 

Generation Mix <

11 

Gas 

62% 

1

'

1 DMI• d OecemtMW 31, 2009 

Generation by Region <

11 

Hydro 1% 

Other3% 

Propnola"f & Comod<lntool ln!Otmauon 

Other South 

3% 

F(orida 

58% 

·era ENERGY~ U:tolleU 
Our strategy has won NextEra Energy widespread industry 

recognition 

5 

~ 

~ 

~ 

'-....._ 

This is our version 

of a "four-peat. • 

We've been No. 1 on the Fortune " Most Admired" list for 4 years in a 

row, and we were recognized as 

one of the 10 most innovative 

companies in the world this year 

,. 

• 

' I 

We were named Power 

Company of the Year by Platts 

against a field of 200 

international competitors '?era ENER ~ Prcp.-.y & Confodenl"' Inform...., au•n:u 
NextEra Energy Resources has 18,148 MW located across 26 

states and Canada 

NextEra Energy Resources<1> 

• Successful wholesale 

generator 

• U.S. leader in renewable 

generation 

• Physical assets in 26 

states and Canada 

• 18,148 MW in operation 

• $4.0 billion in operating 

revenues 

• $20.1 billion in total 

assets • 

States and provinces 

with Energy 

Resources power 

generation faeilitles 

8 (1) O;>orallng _,.,.1M- ended December 31, 2008. .. othe< da"' ... ol 

December 31, 2009 

Propnetary & C<>nfodential lnlorm.-

• Wind 

• Hydro 

• Natural Gas/Oil 

• Solar 

• Nuclear 

• Other 

era ENERGYIIUtUtU: 

~ 
NextEra Energy Power Marketing brings power from our 

generating facilities to market and hedges and optimizes the 

output of those facilities 

Asset-Based Market Activity 

• Daily scheduling of units with Independent Scheduling Operators 

(!SO's) in New England, Mid Atlantic, Midwest, Texas and 

California 

• Execute longer-term hedges for our assets with counterparties 

- Many financial deals executed with banks 

• We actively manage many of our competitive assets to take 

advantage of changing market conditions ("Asset Optimization") 

7 

- As market prices for natural gas and electricity change, 

margins for gas-fired generating assets can be increased, 

without increased risk, by repurchasing hedges 

- See example on next page 

Proprietary & Confidential lnformabon 

.JEf'Tera 

ENERGY ~ @ 
NextEra Energy Power Marketing_ actively manages natural 

gas-fired facilities to realize the full "option" value of the 

asset; transactions increase margin without additional risk 

8 

Gross 

Margin 

($/MWh) 

Asset Optimization Example 

Historical Forwards 

8.00 -

6.00 

4.00 

2.00 1 

0.00 

-2.00 

-4.00 

Sold 100 MW 

@$3.43 

1 

Bought 

100 MW@ -$3.01 

Sold 100 MW@ 

$5.93 '-........ 

Asset is 

Economic 

when Gross 

Margin> 0 

Asset is not 

Economic 

when Gross 

Margin< 0 

~.00 +-----~----------------------~-----------------

$ 

~ 

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Propriell>ry & Conf>dentlal Information 

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~<>" ~ 

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.E:c'Tera ENE.-z? 

GY~ - -
NextEra Energy Power Marketing also provides full 

requirements services to utilities and municipalities in the 

Northeast, Texas and the Midwest 

Customer Supply Business 

• Many states have deregulated their electric utilities, requiring 

the utilities to divest their generating assets 

• These utilities must procure their power supply from third 

parties 

• As one of the largest asset owners in the nation, NextEra Ene~gy Resources is a natural counterparty to provide this 

servace 

• Transactions executed with utilities and municipalities in many 

states, including 

- Connecticut, New Jersey, Maine, New Hampshire, 

Massachusetts, Pennsylvania, Maryland, Washington DC, 

Delaware and Texas 

• In most cases, NextEra Energy Power Marketing will hedge 

these transactions in the market with counterparties 

9 

Propr~tary & Confidenbal Information 

!\lEA ..,..era NE~ llUIIUieES 
NextEra Energy Resources provides retail energy through its 

subsidiary, Gexa Energy 

Retail Power Business 

• Residential Service in Texas 

• Commercial supply in multiple states across the country 

- Texas, Maine, Connecticut. Illinois, Maine, Maryland, 

Massachusetts, Ohio, Rhode Island, Washington, D.C., 

Pennsylvania, New Hampshire and New Jersey 

• NextEra Energy Power Marketing will hedge these retail sales in 

the market with counterparties 

Pvoc>r•ta~y & Confldent>allnf.,.,atoon 

r era ENER ~ us•••:a' 

10 
Ne:xtEra Energy Power Marketing hedges our competitive 

assets and our Customer Supply businesses directly with 

counterparties 

Counterparty Transactions 

Counterparties 

End-User 

Transactions 

Proprietary 

Trading 

Sell Power 

Buy Fuel 

Buy Power 

I 

It is critical that 

these swaps 

qualify for the 

end-user 

exemption from 

clearing 

Buy 

Power 

Sell 

Fuel 

Competitive 

Assets 

Customer 

Supply 

Portfolio 

I 

I 

I 

I 

I 

Sell I 

Power 1 

End-U,:-1 : 

Custo.;;~ J I 

Trading 

Directly with 

Counterparties 

\ 

Trading on ICE 

and NYMEX 

Swaps that 

cannot be 

cleared 

Hedging our assets and customer supply businesses directly with 

counterparties avoids carrying " open" positions on the exchanges 

II 

~lnlotmllbOn 

-~era 

ENE~~~ 
Customer Supply and Proprietary Trading represent -7% of 

NextEra Energy Resources' gross margin, and an even smaller 

% of NextEra Energy's business 

2010E NextEra Energy Resources Gross Margin<1> 

• Nucleu 

• Onfall 

• Ott11r 

Contracted Solar 

1% 

Long Term 

Contracted 

Other Assets 

21 % 

• Nuclear 

• Hydro 

Gas/oil 

• Other 

Customer supply 

businesses 

• Proprietary trading 

• Gas infrastructure 

(1) Gross margtn includes Next Era Energy Resources' share of revenues:. pretax effect of production and 

Investment tax credits. pretax impact Of the Recovary Act. and fuel expense for consolidated and equity 

12 method investments. Gross margin excludes tha mal1<·ta-.market effect of non~uallfying hedge:s. 

Proprietary & Confideflllal lnformubon 
While certain parts of our business are exchange-conducted, 

bilateral swap execution and therefore the use of unsecured 

credit is an important component of our hedging strategy 

Key Credit Risk Management Practices 

New Counterparty 

• Comprehensive assessment of 

company's financial strength 

including: 

• Debt levels/maturity 

• Asset portfolio 

• Available liquidity 

• Current credit ratings 

• Regulatory status/stability 

• Current credit spreads 

• Use of modern master 

agreements/contracts 

13 

• Collateral threshold matrix 

• Permits netting of financial and physi.c~l transactions for 

margmmg 

• Designed to conform with safe 

harbor provisions in the 

Bankruptcy Code 

On-going 

• Daily margin activities in accordance 

with contract terms 

• Periodic reviews of counterparties' financial performance 

• Notification of rating agency actions 

• Monitor credit-related events that 

negatively impact credit spreads 

• For distressed counterparties, 

determine appropriate action such as: 

• Internally restrict level or duration of 

activity 

• Purchase physical product to offset 

credit exposure 

• Provide daily credit reports to 

commercial personnel noting any 

internal restrictions 

E ., era ENERGY~ l'lopnetaty & Conr-lnfcrmaton •n .. •:c~