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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, 2017

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)

 

 

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

FINANCIAL STATEMENTS

DECEMBER 31, 2017 AND 2016

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, 2017 AND 2016			2-3
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2017			4
NOTES TO FINANCIAL STATEMENTS			5
SUPPLEMENTAL SCHEDULE
SCHEDULE H Line 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)			13
SIGNATURE			23
EXHIBIT INDEX			24
EXHIBIT 23(a) – CONSENT OF CROWE HORWATH LLP

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				Crowe Horwath LLP
				Independent Member Crowe Horwath International

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, 2017 and 2016, the related statement of changes in net assets available for benefits for the year ended December 31, 2017, 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, 2017 and 2016, and the changes in net assets available for benefits for the year ended December 31, 2017, 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 in accordance with the standards of the PCAOB. 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 in accordance with the standards of the PCAOB.

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, 2017 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.

 

Crowe Horwath LLP

We have served as the Plan’s auditor since 2007.

Columbus, Ohio

June 21, 2018

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

DECEMBER 31, 2017 AND 2016

 

 

		December 31, 2017
		Participant- Directed				Nonparticipant- Directed				Total
ASSETS
Investments, at fair value (see Note 6)
Registered investment companies		$	426,956,812			$	10,270,951			$	437,227,763
Collective trust funds			1,615,240,260				—				1,615,240,260
Common stock other than NextEra Energy, Inc. common stock			369,418,704				—				369,418,704
NextEra Energy, Inc. common stock			505,405,823				1,206,146,958				1,711,552,781
Total investments, at fair value			2,917,021,599				1,216,417,909				4,133,439,508
Investments, at contract value (see Note 7)			281,704,258				—				281,704,258
Total investments			3,198,725,857				1,216,417,909				4,415,143,766
Receivables
Participant loans			69,958,932				—				69,958,932
Pending trades due from brokers			107,183				—				107,183
Other receivables			1,481,184				8,326				1,489,510
Total receivables			71,547,299				8,326				71,555,625
Non-interest bearing cash			812,872				—				812,872
Total assets			3,271,086,028				1,216,426,235				4,487,512,263
LIABILITIES
Pending trades due to brokers			1,097,092				—				1,097,092
Other payables			1,347,177				187,524				1,534,701
Total liabilities			2,444,269				187,524				2,631,793
NET ASSETS AVAILABLE FOR BENEFITS		$	3,268,641,759			$	1,216,238,711			$	4,484,880,470

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

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

DECEMBER 31, 2017 AND 2016

 

		December 31, 2016
		Participant- Directed				Nonparticipant- Directed				Total
ASSETS
Investments, at fair value (see Note 6)
Registered investment companies		$	371,045,386			$	15,269,859			$	386,315,245
Collective trust funds			1,412,853,250				—				1,412,853,250
Common stock other than NextEra Energy, Inc. common stock			270,387,389				—				270,387,389
NextEra Energy, Inc. common stock			424,506,346				961,994,763				1,386,501,109
Total investments, at fair value			2,478,792,371				977,264,622				3,456,056,993
Investments, at contract value (see Note 7)			321,574,692				—				321,574,692
Total investments			2,800,367,063				977,264,622				3,777,631,685
Receivables
Participant loans			70,823,295				—				70,823,295
Pending trades due from brokers			921,820				—				921,820
Other receivables			177,479				220,887				398,366
Total receivables			71,922,594				220,887				72,143,481
Non-interest bearing cash			354,442				—				354,442
Total assets			2,872,644,099				977,485,509				3,850,129,608
LIABILITIES
Pending trades due to brokers			664,816				—				664,816
Other payables			1,401,526				124,931				1,526,457
Total liabilities			2,066,342				124,931				2,191,273
NET ASSETS AVAILABLE FOR BENEFITS		$	2,870,577,757			$	977,360,578			$	3,847,938,335

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, 2017

 

		Participant- Directed				Nonparticipant- Directed				Total
Additions to net assets attributed to:
Net appreciation in fair value of investments		$	499,344,379			$	291,905,794			$	791,250,173
Interest income			9,216,460				—				9,216,460
Dividend income			28,871,112				31,079,148				59,950,260
Net investment income			537,431,951				322,984,942				860,416,893
Contributions
Participant			150,564,636				—				150,564,636
Employer—NextEra Energy, Inc. common stock			—				52,564,753				52,564,753
Total contributions			150,564,636				52,564,753				203,129,389
Transfer from/to nonparticipant-directed investments			49,343,871				1,700,000				51,043,871
Total net additions			737,340,458				377,249,695				1,114,590,153
Deductions from net assets attributed to:
Benefit payments to participants and beneficiaries			333,717,790				88,653,060				422,370,850
Management and administrative expenses			3,858,666				374,631				4,233,297
Transfer from/to participant directed investments			1,700,000				49,343,871				51,043,871
Total deductions			339,276,456				138,371,562				477,648,018
Net increase		$	398,064,002			$	238,878,133			$	636,942,135
Net assets available for benefits at December 31, 2016		$	2,870,577,757			$	977,360,578			$	3,847,938,335
Net assets available for benefits at December 31, 2017		$	3,268,641,759			$	1,216,238,711			$	4,484,880,470

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

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2017 AND 2016

 

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 available in their employee handbook (as updated periodically through Summaries of Material Modifications) for a more complete description of the Plan.

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.

Employees of NextEra Energy, Inc. (the Company/Employer) and its subsidiaries, with the exception of employees in the International Brotherhood of Electrical Workers local 2150 (IBEW 2150) at NextEra Energy Point Beach, LLC (NextEra Energy Point Beach), 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. Employees at NextEra Energy Point Beach represented by IBEW 2150 are eligible to participate in the Plan on the first day of employment or on the first day of any payroll period thereafter. Effective January 1, 2018, employees at NextEra Energy Point Beach represented by IBEW 2150 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 on the first day of any payroll period thereafter.

The Plan contains employee stock ownership plan (ESOP) provisions. The ESOP 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), up to the 50% Limit. The Plan also allows for traditional after-tax contributions up to the 50% Limit.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2017 AND 2016

 

The table below presents the Roth after-tax and Roth catch-up contributions, subject to the 50% Limit, for the various eligible employee Participant groups covered by the Plan as of December 31, 2017 and 2016.

 

Participant Group *		Roth Contribution effective dates (includes after-tax and catch-up contributions)
NextEra Energy, Inc. and subsidiaries non-bargaining and certain bargaining unit employees not listed below		January 1, 2016
Employees represented by the NextEra Energy Seabrook, LLC (NextEra Energy Seabrook) bargaining unit		January 1, 2017
FPL bargaining unit employees and NextEra Energy Point Beach employees represented by IBEW 2150		January 1, 2018

 

*	NextEra Energy Duane Arnold, LLC (NextEra Energy Duane Arnold) bargaining unit employees represented by IBEW 204 are not eligible for these provisions.

The table below presents the auto enrollment Pretax Contributions for the various groups of eligible employees unless such employees revoke or modify their Pretax Contribution election within 60 days of their date of hire or rehire.

 

Participant Group *		Deemed Pretax Contribution
NextEra Energy, Inc. and subsidiaries non-bargaining and bargaining unit employees not listed below		3% for employees hired or rehired on or after January 1, 2015
NextEra Energy Point Beach bargaining unit employees represented by IBEW 2150		3% for employees hired or rehired on or after January 1, 2008
NextEra Energy Seabrook bargaining unit employees		3% for employees hired or rehired on or after March 1, 2017
NextEra Energy Maine Operating Services, LLC (NextEra Energy Maine) bargaining unit employees		3% for employees hired or rehired on or after July 1, 2015
FPL bargaining unit employees		3% for employees hired or rehired on or after January 1, 2018

 

*	NextEra Energy Duane Arnold bargaining unit employees represented by IBEW 204 are not eligible for these provisions.

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, 2017 AND 2016

 

Employer Contributions

The Company provides matching contributions through the ESOP in the form of Company Stock. The table below presents the Employer contribution formula for the various Participant groups covered by the Plan as of December 31, 2017 and 2016.

 

Participant Group		Benefit
NextEra Energy, Inc. and subsidiaries non-bargaining and bargaining unit employees not listed below		100% on the first 3% of employee contributions 50% on the next 3% of employee contributions 25% on the next 1% of employee contributions
NextEra Energy Seabrook non-bargaining employees hired prior to November 1, 2002   NextEra Energy Seabrook bargaining unit employees hired prior to January 1, 2004		100% on the first 3% of employee contributions
NextEra Energy Duane Arnold non-bargaining employees hired prior to January 27, 2006   NextEra Energy Point Beach non-bargaining employees hired prior to September 28, 2007   NextEra Energy Duane Arnold bargaining unit employees and NextEra Energy Point Beach bargaining unit employees (not represented by IBEW 2150)		100% on the first 3% of employee contributions 50% on the next 2% of employee contributions
NextEra Energy Point Beach bargaining unit employees represented by IBEW 2150 participating through December 31, 2017, subsequently they will be included in the NextEra Energy, Inc. and subsidiaries non-bargaining and bargaining unit employees group above		100% on the first 1% of employee contributions 50% on the next 6% of employee contributions

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 2017 totaled $1,700,000 and forfeitures applied to administrative fees in 2017 totaled $444,505. At December 31, 2017 and 2016, the balance of the forfeiture account was $133,798 and $91,874, respectively.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2017 AND 2016

 

Vesting

Participants are immediately 100% vested in employee contributions.

The table below presents the vesting schedule for Company matching contributions of the various Participant groups covered by the Plan as of December 31, 2017 and 2016.

 

Participant Group		Vesting of Company Match
NextEra Energy, Inc. and subsidiaries non-bargaining and bargaining unit employees, not listed below		Company matching contributions are vested 20% for each year of service and are fully vested upon a Participant attaining five years of service
NextEra Energy Seabrook non-bargaining employees hired prior to November 1, 2002   NextEra Energy Duane Arnold non-bargaining employees hired prior to January 27, 2006   NextEra Energy Duane Arnold bargaining unit employees existing on the date of acquisition of the Duane Arnold Energy Center (January 27, 2006)   NextEra Energy Point Beach non-bargaining employees hired prior to September 28, 2007   NextEra Energy Point Beach bargaining unit employees existing on the date of acquisition of the Point Beach Nuclear Plant (September 28, 2007)   NextEra Energy Seabrook bargaining unit employees hired prior to January 1, 2009		Company matching contributions are fully vested immediately
NextEra Energy Maine non-bargaining employees hired prior to August 1, 2006   NextEra Energy Maine bargaining unit employees hired prior to May 15, 2008		Company matching contributions are fully vested after attaining six months of service
NextEra Energy Point Beach bargaining unit employees represented by IBEW 2150 hired on or after September 28, 2007 but prior to January 1, 2018		Company matching contributions are fully vested after attaining one year of service

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

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. Participant loans have a fixed annual interest rate based on the prime rate which is updated quarterly. Loans outstanding at December 31, 2017 carry an interest rate of 3.25% to 4.25% and mature between 2018 and 2023.

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.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2017 AND 2016

 

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.

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, 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 is 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.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2017 AND 2016

 

The wrapper contracts within the Managed Income Fund are a synthetic guaranteed investment contract which is valued at the contract value of the underlying investments of the contracts, primarily debt securities and wrapper contracts. 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.

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 notes 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 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 2017, dividends on shares of Company Stock held in Participants’ accounts totaled $44,327,677.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2017 AND 2016

 

During 2017, employer contributions of Company Stock credited to Participant’s accounts totaled $52,564,753 which equates to 377,879 shares. At December 31, 2017 and 2016, the number of shares of Company Stock held in Participants’ accounts totaled 10,958,146 and 11,606,405, respectively, with a fair value of $1,711,552,781 and $1,386,501,109, respectively. Realized gains on shares of Company Stock sold by Participants during the Plan year totaled $31,377,131.

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 $69,958,932 and $70,823,295 at December 31, 2017 and December 31, 2016, 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, 2017:

 

		Fair Value Measurements At December 31, 2017 using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Participant-directed investments:
Registered investment companies		$	426,956,812			$	—			$	—			$	426,956,812
Collective trust funds			—				1,615,240,260				—				1,615,240,260
Common stock other than NextEra Energy, Inc. common stock			366,789,979				—				2,628,725				369,418,704
NextEra Energy, Inc. common stock			505,405,823				—				—				505,405,823
Total participant-directed investments			1,299,152,614				1,615,240,260				2,628,725				2,917,021,599
Nonparticipant-directed investments:
NextEra Energy, Inc. common stock			1,206,146,958				—				—				1,206,146,958
Registered investment companies			10,270,951				—				—				10,270,951
Total nonparticipant-directed investments			1,216,417,909				—				—				1,216,417,909
Total investments in the fair value heirarchy			2,515,570,523				1,615,240,260				2,628,725				4,133,439,508
Investments at contract value															281,704,258
Total investments														$	4,415,143,766

During the 2017 Plan year there were no transfers between Level 1 and Level 2 investments.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2017 AND 2016

 

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, 2016:

 

		Fair Value Measurements At December 31, 2016 using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Participant-directed investments:
Registered investment companies		$	371,045,386			$	—			$	—			$	371,045,386
Collective trust funds			—				1,412,853,250				—				1,412,853,250
Common stock other than NextEra Energy, Inc. common stock			267,670,134				—				2,717,255				270,387,389
NextEra Energy, Inc. common stock			424,506,346				—				—				424,506,346
Total participant-directed investments			1,063,221,866				1,412,853,250				2,717,255				2,478,792,371
Nonparticipant-directed investments:
NextEra Energy, Inc. common stock			961,994,763				—				—				961,994,763
Registered investment companies			15,269,859				—				—				15,269,859
Total nonparticipant-directed investments			977,264,622				—				—				977,264,622
Total investments in the fair value heirarchy			2,040,486,488				1,412,853,250				2,717,255				3,456,056,993
Investments at contract value															321,574,692
Total investments														$	3,777,631,685

During the 2016 Plan year there were no transfers between Level 1 and Level 2 investments.

7. Managed Income Fund

The contract value of fully benefit-responsive investment contracts was $281,704,258 and $321,574,692, respectively, at December 31, 2017 and 2016. The contract value of fully benefit-responsive investment contracts includes a government short-term collective investment trust in the amount of $3,417,857 and $708,147, respectively, at December 31, 2017 and 2016. 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 $4,206,125 and $2,774,449, respectively, at December 31, 2017 and 2016.

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.

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, 2017 and 2016, 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 audits by taxing authorities, and an IRS audit is currently in progress for 2014 and 2015. The plan administrator believes it is no longer subject to income tax examinations by the IRS for years prior to 2014.

 

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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, 2017

 

(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:
		AETNA INC			5,102			**			920,350
		ALASKA AIR GROUP INC			21,454			**			1,577,084
		ALEXION PHARMACEUTICALS INC			20,308			**			2,428,634
		ALIBABA GROUP HLD LTD SPON ADR			39,300			**			6,776,499
		ALNYLAM PHARMACEUTICALS INC			15,883			**			2,017,935
		ALPHABET INC CL C			6,542			**			6,845,548
		ALPHABET INC CL A			11,600			**			12,219,439
		AMAZON.COM INC			16,900			**			19,764,042
		AMERICAN AIRLINES GROUP INC			75,898			**			3,948,972
		AMERICAN WATER WRKS COMPANY			14,900			**			1,363,201
		ANTHEM INC			15,153			**			3,409,577
		APPLE INC			59,900			**			10,136,877
		BECTON DICKINSON & CO			26,326			**			5,635,344
		BIOGEN INC			8,715			**			2,776,338
		BOEING CO			39,839			**			11,748,919
		CIGNA CORP			34,363			**			6,978,782
		CENTENE CORP			8,114			**			818,540
		CROWN CASTLE INTL CORP			29,100			**			3,230,391
		DANAHER CORP			26,100			**			2,422,602
		DOLLAR GENERAL CORP			51,500			**			4,790,015
		ELECTRONIC ARTS INC			13,900			**			1,460,334
		FACEBOOK INC A			70,649			**			12,466,723
		FORTIVE CORP			18,150			**			1,313,153
		GLOBAL PAYMENTS INC			24,953			**			2,501,289
		HILTON INC			47,665			**			3,806,527
		HOME DEPOT INC			8,200			**			1,554,146
		HUMANA INC			7,341			**			1,821,082
		INCYTE CORP			12,522			**			1,185,959
		INTERCONTINENTAL EXCHANGE INC			49,900			**			3,520,944
		DROPBOX INC CL A			2,648			**			37,708
		DROPBOX INC PC PERP C PP			13,265			**			204,546
		INTUIT INC			24,436			**			3,855,512
		INTUITIVE SURGICAL INC			17,170			**			6,266,020
		MERCK & CO INC NEW			37,900			**			2,132,633
		MICROSOFT CORP			179,400			**			15,345,876
		MORGAN STANLEY			78,389			**			4,113,071
		NETFLIX INC			10,100			**			1,938,796
		NIKE INC CL B			13,900			**			869,445
		NVIDIA CORP			800			**			154,800
		AIRBNB PC D PP			6,435			**			606,113
		AIRBNB INC SER E PC PP			2,935			**			276,448
		UBER TECHNOLOGIES 8% PC E PP			10,648			**			371,828
		UBER TECHNOLOGIES SER G PP			6,243			**			218,006
		PAYPAL HLDGS INC			64,300			**			4,733,766
		PHILIP MORRIS INTL INC			27,155			**			2,868,926
		FLIPKART LTD SER G PC PP			3,046			**			360,565

 

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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, 2017

 

(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
		THE BOOKING HOLDINGS INC			6,830			**			11,868,764
		RED HAT INC			28,200			**			3,386,820
		ROSS STORES INC			32,000			**			2,568,000
		SALESFORCE.COM INC			47,100			**			4,815,033
		SCHWAB CHARLES CORP			28,466			**			1,462,298
		SEMPRA ENERGY			14,400			**			1,539,648
		SERVICENOW INC			20,315			**			2,648,873
		STRYKER CORP			25,929			**			4,014,846
		TD AMERITRADE HOLDING CORP			43,364			**			2,217,201
		T-MOBILE US INC			39,800			**			2,527,698
		TENCENT HOLDINGS LTD UNS ADR			66,800			**			3,468,256
		TESLA INC			7,120			**			2,216,812
		UNITEDHEALTH GROUP INC			36,500			**			8,046,790
		VERTEX PHARMACEUTICALS INC			32,983			**			4,942,832
		VISA INC CL A			104,000			**			11,858,080
		VMWARE INC CL A			25,763			**			3,228,619
		WORKDAY INC CL A			13,000			**			1,322,620
		XILINX INC			27,553			**			1,857,623
		YUM BRANDS INC			25,200			**			2,056,572
		MAGIC LEAP INC PC SER C PP			10,937			**			295,299
		ASML HLDG NV (NY REG SHS) NEW			6,400			**			1,112,448
		WILLIS TOWERS WATSON PLC			12,760			**			1,922,804
		FLIPKART LTD SER A PC PP			208			**			18,115
		FLIPKART LTD SER C PC PP			358			**			31,179
		FLIPKART LTD SER E PC PP			670			**			58,353
		FLIPKART LTD ORDNRY SHARES P/P			596			**			51,908
		RESTAURANT BRANDS INTRNTNL INC			34,300			**			2,108,764
		SHOPIFY INC CL A (US)			12,318			**			1,244,118
		WASTE CONNECTIONS INC (US)			36,350			**			2,578,669
		MAGIC LEAP INC PC SER D PP			3,654			**			98,658
		ABIOMED INC			24,443			**			4,580,863
		AFFILIATED MANAGERS GRP INC			20,215			**			4,149,129
		ATHENAHEALTH INC			22,077			**			2,937,124
		BIO TECHNE CORP			42,371			**			5,489,163
		BIOVERATIV INC W/I			67,666			**			3,648,551
		BLACKBAUD INC			49,686			**			4,694,830
		CARS.COM INC			105,841			**			3,052,454
		CORE LABORATORIES NV			22,698			**			2,486,566
		DUNKIN BRANDS GROUP INC			79,734			**			5,140,451
		EQUITY COMMONWEALTH			176,844			**			5,395,510
		EXPEDITORS INTL OF WASH INC			47,609			**			3,079,826
		GRACO INC			87,441			**			3,954,082
		J2 GLOBAL INC			55,309			**			4,149,834
		LENDINGCLUB CORP			439,804			**			1,816,391
		LENDINGTREE INC			17,658			**			6,011,666
		LIBERTY TRIPADVISOR HOLDG A WI			244,592			**			2,305,280
		MSCI INC			31,106			**			3,936,153
		OUTFRONT MEDIA INC			145,474			**			3,374,997
		PAYCOM SOFTWARE INC			49,336			**			3,963,161
		REDFIN CORP			66,032			**			2,068,122
		SHUTTERSTOCK INC			77,753			**			3,345,712
		UBIQUITI NETWORKS INC			50,372			**			3,577,419
		WISDOMTREE INVESTMENTS INC			138,532			**			1,738,577
		YELP INC			91,026			**			3,819,451
		ZEBRA TECHNOLOGIES CORP CL A			33,000			**			3,425,400

 

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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, 2017

 

(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
		LOGITECH INTL SA REG			143,927			**			4,859,355
		WIX.COM LTD			53,130			**			3,057,632
*		NEXTERA ENERGY, INC. (PARTICIPANT DIRECTED)			3,235,840			**			505,405,823
*		NEXTERA ENERGY, INC. (NON-PARTICIPANT DIRECTED)			7,722,306			193,508,439			1,206,146,958
		Total Common Stock						193,508,439			2,080,971,485
		Collective Trust Funds:
*		PIMCO DIVERSIFIED REAL ASSET TRUST			775,254			**			10,799,291
*		BLACKROCK RUSSELL 2000 INDEX FUND M			452,346			**			9,179,901
*		ARISTOTLE SMALL CAP EQUITY COLLECTIVE TRUST			7,980,986			**			94,095,827
*		BTC RUSSELL 3000 M			5,531,635			**			80,351,972
*		BTC US DEBT INDEX W			2,580,531			**			55,871,247
*		BTC ACWI EX US IMI M			3,080,138			**			43,725,953
*		BTC EQUITY INDEX T			1,785,598			**			188,943,074
*		COHEN & STEERS US REALTY SHARES B			4,618,830			**			60,783,797
*		FIDELITY LOW-PRICED STOCK POOL			6,227,528			**			89,240,470
*		LS CORE PL FXINC D			4,652,558			**			67,834,294
*		FISHER INVESTMENTS EMERGING MARKETS EQUITY COLLECTIVE TRUST			1,392,864			**			18,915,097
*		VANGUARD TARGET RETIREMENT			925,188			**			47,434,366
*		VANGUARD TARGET 2015			2,450,303			**			125,798,542
*		VANGUARD TARGET 2025			5,825,404			**			310,901,816
*		VANGUARD TARGET 2035			4,513,982			**			247,817,626
*		VANGUARD TARGET 2045			2,242,536			**			127,510,585
*		VANGUARD TARGET 2055			408,350			**			28,470,135
*		VANGUARD TARGET 2065			8,349			**			187,762
*		SSBK GOVERNMENT STIF FUND (US LARGE CAP GROWTH FUND)			3,645,735			**			3,645,735
*		SSBK GOVERNMENT STIF FUND (EQUITY INCOME TRP FUND)			55,552			**			62,383
*		SSBK STIF FUND (SMALL MID CAP GROWTH FUND)			3,670,387			**			3,670,387
*		SSBK GOVERNMENT STIF FUND (MANAGED INCOME FUND)			3,417,857			**			3,417,857
		Total Collective Trust Funds						—			1,618,658,117
		Registered Investment Companies:
*		EATON VANCE FLOATING-RATE & HIGH INCOME FUND R6			1,782,643			**			15,794,213
*		VANGUARD PRIME CAP CORE FUND			4,600,567			**			123,755,261
*		VANGUARD VMMR-FED MONEY MARKET			82,043,388			**			82,043,388
*		JPM EQUITY INCOME R6 FUND			5,684,643			**			98,912,790
*		AF EUROPAC GROWTH R6			1,812,484			**			101,752,844
*		FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. PARTICIPANT DIRECTED)			492,191			**			492,191
*		FIDELITY INSTITUTIONAL CASH PORTFOLIO (NEXTERA ENERGY, INC. NON-PARTICIPANT DIRECTED)			10,270,951			10,270,951			10,270,951
*		FIDELITY INSTITUTIONAL CASH PORTFOLIO (MANAGED INCOME FUND)			4,206,125			**			4,206,125
		Total Registered Investment Companies						10,270,951			437,227,763
		U.S. Treasury Notes:
		USTN 1.375% 03/31/20			21,371,000			**			21,193,447
		USTN 1.375% 04/30/20			3,621,000			**			3,584,259
		USTN 1.75% 12/31/20			33,214,000			**			32,983,804

 

15

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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, 2017

 

(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
		USTN 0.75% 07/15/19			4,588,000			**			4,526,295
		USTN 1.25% 10/31/21			6,928,000			**			6,726,058
		UST NOTE 1.875% 03/31/22			10,816,000			**			10,745,151
		UST NOTES 1.625% 07/31/20			10,898,000			**			10,887,092
		USTN 1.5% 4/15/20			5,021,000			**			4,989,854
		USTN 1.5% 05/15/20			5,068,000			**			5,028,774
		USTN 1.625% 08/31/22			3,418,000			**			3,351,665
		Total U.S. Treasury Notes						—			104,016,399
		Government Agency Notes:
		FNMA 1.5% 11/30/20			3,658,000			**			3,608,700
		FNMA 1% 02/26/19			2,363,000			**			2,348,303
		FNMA 0.875% 08/02/19			953,000			**			941,080
		FNMA 1% 10/24/19			3,282,000			**			3,234,211
		NYC TFA (PIT) 2.05% 08/01/23			165,000			**			160,931
		NYC TFA (PIT) 2.85% 02/01/24			155,000			**			157,103
		NYS UDC 2.67% 03/15/23			775,000			**			778,311
		NYS UDC 2.7% 03/15/23			630,000			**			629,118
		Total Government Agency Notes						—			11,857,757
		Mortgage Backed Securities:
		BACM 2016-UB10 A2 2.723% 06/49			415,000			**			416,523
		COMM 2015-CR22 A2 2.856% 03/48			214,000			**			216,629
		COMM 15-CR23 ASB 3.257% 05/48			198,000			**			203,220
		COMM 15-CR26 ASB 3.373% 10/48			163,000			**			168,579
		CSMC 16-NXSR A1 1.9708% 12/49			143,943			**			142,734
		CSAIL 17-CX9 A2 3.0538% 09/50			460,000			**			467,406
		COMM 2012-LC4 A4 3.288% 12/44			680,000			**			694,175
		COMM 2012-CR3 ASB 2.372% 11/45			406,308			**			406,115
		COMM 2012-CR3 A3 2.822% 10/45			319,000			**			320,292
		COMM 2013-CR6 A4 3.101% 03/46			358,000			**			363,822
		COMM 2013-CR7 A4 3.213% 03/46			505,000			**			516,597
		COMM 2013-CR8 A5 3.612% 06/46			209,000			**			217,635
		COMM 2014-CR17 A2 3.012% 05/47			490,000			**			496,149
		COMM 2014-CR18 A2 2.924% 07/47			380,000			**			382,769
		CSAIL 2015-C2 ASB 3.2241% 6/57			169,000			**			172,514
		CSAIL 2016-C7 A1 1.5786% 11/49			218,870			**			216,264
		CGCMT 2016-P6 A1 1.884% 12/49			74,679			**			74,048
		CGCMT 2012-GC8 A4 3.024% 9/45			425,000			**			431,947
		CGCMT 13-GC11 A4 3.093% 04/46			82,000			**			83,389
		CGCMT 2017-P7 A2 3.199% 04/50			286,000			**			292,828
		CGCMT 2016-P4 A2 2.446% 07/49			154,000			**			153,827
		FHLG 15YR 4.50% 8/18 #E98688			8,331			**			8,415
		FHLG 15YR 4.50% 9/18 #E99205			3,786			**			3,828
		FHLG 15YR 4.50% 10/18 #E99833			4,685			**			4,737
		FHLM ARM 3.53% 4/40 #1B4657			27,799			**			29,138
		FHLM ARM 3.58% 4/40 #1B4702			29,131			**			30,664
		FHLG 7.50% 7/34 #G02115			98,859			**			115,005
		FHLG 15YR 5.00% 3/19 #G13052			11,430			**			11,577
		FHLG 15YR 5.00% 4/20 #G13598			19,753			**			20,099
		FHLG 15YR 3.5% 08/30#G15273			471,188			**			488,663
		FHLG 25YR 5.50% 7/35 #G05815			40,538			**			45,012
		FHLM ARM 4.941% 11/35 #1J1228			20,489			**			21,090
		FHLG 20YR 3.5% 06/32#C91456			666,535			**			695,097
		FHLM ARM 3.717% 05/41#1B8124			19,812			**			20,825
		FHLM ARM 3.224% 4/41#1B8179			15,080			**			15,818

 

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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, 2017

 

(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
		FHLM ARM 3.464% 5/1/41#1B8304			15,740			**			16,537
		FHLM ARM 3.627% 6/1/41#1B8372			17,907			**			18,822
		FHLM ARM 3.283 6/1/41			18,343			**			19,238
		FHLM ARM 2.98% 8/41 #1B8533			42,556			**			45,006
		FHLM ARM 3.07% 9/41 #1B8608			25,216			**			26,381
		FHLM ARM 3.242% 9/1/41#1B8659			15,031			**			15,733
		FHLG 5.50% 3/34 #G01665			58,809			**			65,360
		FHLG 15YR 5.50% 4/18 #G11389			173			**			174
		FHLG 15YR 4.00% 9/25 #E02787			115,512			**			120,541
		FHLG 15YR 4.00% 4/26 #E02867			61,723			**			64,641
		FHLG 15YR 4.50% 11/18 #B10931			3,370			**			3,414
		FHLM ARM 4.199% 8/36 #848185			16,696			**			17,548
		FHLM AR 12M+187.9 10/42#849255			73,973			**			77,407
		FHLG 15YR 3% 05/29#J29409			1,140,696			**			1,167,990
		FHLG 5.50% 5/34 #Z40042			444,719			**			493,323
		FNR 2013-16 GP 3% 03/33			401,107			**			408,077
		FNR 2014-83 P 3% 06/43			542,351			**			548,215
		FNR 2015-32 PA 3% 4/44			437,620			**			442,580
		FNR 2015-28 P 2.5% 5/45			1,136,551			**			1,128,011
		FNR 2015-28 JE 3% 05/45			928,060			**			941,305
		FNR 2015-42 LE 3% 06/45			675,762			**			685,571
		FNR 2015-49 LE 3% 07/45			485,516			**			492,145
		FNR 2015-54 GA 2.5% 07/45			602,993			**			601,461
		FNR 2016-19 AH 3% 04/46			537,896			**			545,443
		FNR 2016-26 CG 3% 05/46			1,351,028			**			1,369,455
		FNR 2016-27 HK 3% 01/41			704,406			**			713,660
		FNR 2016-27 KG 3% 01/40			353,599			**			358,126
		FNR 2016-37 BK 3% 06/46			1,422,733			**			1,442,192
		FNR 2016-34 GH 3% 06/46			1,355,608			**			1,374,814
		FNR 2016-105 PA 3.5% 4/45			686,964			**			709,927
		FNR 2016-100 P 3.5% 11/44			1,061,200			**			1,096,823
		FNR 2017-11 HA 3.5% 12/45			1,080,566			**			1,118,895
		FNR 2017-20 AP 3.5% 03/45			1,161,871			**			1,200,926
		FNR 2017-74 PA 3.5% 11/45			961,933			**			991,223
		FNR 2017-97 P 3% 01/47			689,362			**			697,596
		FHR 4046 LA 3% 11/2026			296,085			**			299,963
		FHR 2015-4472 WL 3% 05/45			453,079			**			459,596
		FHR 4656 PA 3.5% 10/45			712,307			**			737,503
		FHR 4683 EA 2.5% 05/47			964,951			**			963,612
		FHR SER 4221 CLS GA 1.4% 7/23			326,907			**			322,015
		FNMA 5.50% 11/34 #310105			322,196			**			358,162
		FNMA ARM 3.228% 7/41#AI3469			19,968			**			20,927
		FNMA ARM 3.01% 8/41 #AI4358			7,961			**			8,311
		FNMA ARM 3.545% 07/41#AI6050			26,469			**			28,013
		FNMA ARM 3.365% 10/41#AI6819			12,863			**			13,333
		FNMA 15YR 3.5% 07/26#AI7819			36,804			**			38,172
		FNMA ARM 09/41#AI9813			15,652			**			16,508
		FNMA ARM 10/41#AJ3399			6,213			**			6,498
		FNMA ARM 2.69% 9/41 #AH5260			76,381			**			79,252
		FNMA ARM 2.57% 10/41 #AH5261			38,025			**			39,447
		FNMA 15YR 3.50% 1/26 #AL1168			96,121			**			99,739
		FNMA 15YR 3.50% 3/27 #AL1746			435,057			**			451,566
		FNMA 20YR 2.5% 01/33#AL2974			188,008			**			188,194
		FNMA 20YR 2.5% 01/33#AL2975			213,620			**			214,098
		FNMA 20YR 2.5% 01/33#AL2976			125,427			**			125,708

 

17

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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, 2017

 

(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
		FNMA 20YR 2.5% 01/33#AL2982			151,952			**			152,293
		FNMA 15YR 3.5% 10/29#AL5851			152,273			**			158,718
		FNMA 15YR 3.5% 09/29#AL5878			362,269			**			377,602
		FNMA 15YR 4.5% 11/25#AL8242			251,434			**			264,565
		FNMA 15YR 3% 09/31#AL8853			1,799,885			**			1,843,373
		FNMA ARM 06/42#AO2244			29,656			**			30,694
		FNMA 15YR 3.5% 01/27 #AX1909			167,969			**			174,212
		FNMA 6.50% 7/32 #545759			16,524			**			18,854
		FNMA 6.50% 7/32 #545762			9,667			**			11,027
		FNR 2011-26 PA 4.5% 04/41			312,534			**			331,841
		FHR 2010-3645 KP 5% 02/40			240,038			**			259,682
		FNMA ARM 4.68% 11/34 #735011			30,276			**			31,187
		FNMA 6.50% 12/32 #735415			9,625			**			10,979
		FNMA 6.50% 7/35 #745092			10,649			**			12,196
		FNMA ARM 4.53% 12/34 #802852			26,250			**			27,844
		FNMA 6.50% 8/36 #888034			13,743			**			15,666
		FNMA 6.50% 8/36 #888544			46,032			**			52,578
		FNMA ARM 4.21% 5/35 #889946			42,311			**			44,422
		FNMA ARM 4.30% 2/35 #995017			352,014			**			368,420
		FNMA ARM 7/35 #995414			45,438			**			48,099
		FNMA ARM 4.55% 10/35 #995415			166,789			**			174,761
		FNMA ARM 11/36 #995606			43,869			**			45,783
		FNMA ARM 2.61% 4/35 #995609			17,035			**			17,909
		FNMA 10YR 2% 08/23#MA1535			408,002			**			407,283
		FNMA ARM 12/33#AD0066			16,331			**			16,976
		FNMA 6.50% 12/35 #AD0723			56,061			**			63,934
		FNMA ARM 3.47% 3/40 #AD0820			30,518			**			32,169
		FNMA ARM 3.60% 3/40 #AD1555			38,092			**			40,073
		FNMA 6.50% 8/36 #AE0746			40,961			**			46,769
		FNMA ARM 11/40#AE6806			6,781			**			7,111
		GSMS 2012-GC6 A3 3.482% 01/45			304,849			**			314,526
		GSMS 2013-GC10 A4 2.681% 02/46			131,000			**			130,933
		GSMS 2013-GC10 A5 2.943% 02/46			622,000			**			628,605
		GSMS 2012-GCJ7 A4 3.377% 05/45			995,114			**			1,020,715
		GSMS 2012-GCJ9 A3 2.773% 11/45			468,999			**			471,011
		GSMS 15-GC32 AAB 3.513% 7/48			204,000			**			211,450
		GSMS 2015-GC28 AAB 3.206% 2/48			221,000			**			226,293
		GSMS 2016-GS4 A1 1.532% 11/49			70,989			**			70,142
		GSMS 14-GC18 AAB 3.648% 01/47			89,000			**			92,356
		GSMS 14-GC20 AAB 3.655% 04/47			103,000			**			106,672
*		JPMCC 2015-JP1 A2 3.1438% 1/49			351,000			**			357,655
*		JPMCC 2012-C6 A3 3.5074 5/45			213,516			**			220,939
*		JPMCC 2012-C8 A3 2.8291% 10/45			330,663			**			333,076
*		JPMCC 13-C10 A5 3.1425% 12/47			542,000			**			553,726
*		JPMBB 14-C22 ASB 3.5036% 09/47			255,000			**			263,702
*		JPMBB 15-C29 A2 2.8596% 05/48			310,000			**			313,850
*		JPMCC 16-JP4 A2 2.9343% 12/49			384,000			**			389,461
*		JPMDB 16-C4 A1 1.4943% 12/49			1,274,251			**			1,252,358
		MSBAM 15-C22 ASB 3.04% 4/15/48			151,000			**			153,557
		MSBAM 2014-C14 A2 2.916% 2/47			508,258			**			513,150
		MSBAM 2013-C7 A4 2.918% 2/46			451,000			**			455,902
		MSBAM 2016-C32 A1 1.819% 12/49			217,234			**			215,263
		MSBAM 2012-C6 A4 2.858% 11/45			712,000			**			716,878
		MSBAM 2013-C8 A4 3.134% 12/48			516,000			**			526,363

 

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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, 2017

 

(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
		MSBAM 2013-C11 A4 CSTR 8/46			166,000			**			177,533
		MSBAM 13-C13 ASB 3.557% 11/46			420,000			**			434,373
		MSBAM 2014-C16 ASB 3.477% 6/47			333,000			**			343,489
		MSBAM 2014-C17 ASB 3.477% 8/47			436,000			**			449,843
		MSBAM 2015-C21 ASB 3.15% 03/48			88,000			**			89,735
		MSBAM 2016-C31 A1 1.555% 11/21			152,829			**			150,263
		UBSBB 2012-C2 A4 3.525 5/63			343,000			**			355,263
		WFRBS 14-C20 ASB 3.638% 05/47			168,000			**			174,262
		WFRBS 2013-C14 A2 2.133% 6/46			125,171			**			125,387
		WFRBS 2013-C14 A5 3.337% 6/46			189,000			**			194,587
		WFRBS 2012-C9 A3 2.87% 11/45			377,000			**			380,421
		WFRBS 2012-C9 ASB 2.445% 11/45			149,455			**			149,948
		WFRBS 2011-C3 A4 4.375% 3/44			437,000			**			459,521
		WFRBS 2012-C7 A2 3.431% 6/45			271,000			**			279,081
		WFRBS 2012-C8 A2 1.881% 8/45			26			**			26
		WFRBS 2013-C11 A5 3.071% 03/45			1,086,000			**			1,104,603
		WFRBS 2013-C12 A4 3.198% 3/48			151,000			**			154,469
		WFRBS 13-C12 ASB 2.838% 03/48			69,000			**			69,687
		WFRBS 13-C16 ASB 3.963% 09/46			144,000			**			150,154
		WFRBS 14-C23 ASB 3.636% 10/57			201,000			**			209,333
		WFCM 2012-LC5 A3 2.918% 10/45			766,418			**			774,313
		WFCM 2012-LC5 ASB 2.528% 10/45			252,578			**			253,793
		WFCM 2013-LC12 A1 1.676% 7/46			171,519			**			171,558
		WFCM 2015-C27 ASB 3.278% 2/48			354,000			**			362,895
		WFCM 2016-C34 A2 2.603% 06/49			354,000			**			354,577
		WFCM 2016-C35 A2 2.495% 07/48			123,000			**			122,713
		WFCM 2016-LC25 1.795% 12/15/59			200,115			**			198,152
		WFCM 2016-C36 A1 1.453% 11/59			92,581			**			91,419
		WFCM 2016-C37 A1 1.944% 12/49			153,658			**			152,646
		WFCM 2016-C37 A2 3.103% 12/49			268,000			**			272,629
		Total Mortgage Backed Securities						—			54,268,883
		Asset Backed Securities:
		AMOT 2017-3 A2 2.04% 6/22			446,000			**			442,717
		ALLYA 2015-1 A3 1.39% 09/19			141,696			**			141,655
		ALLYA 2017-1 A3 1.7% 02/21			480,000			**			478,125
		AMXCA 2017-3 A 1.77% 11/22			636,000			**			630,857
		AMXCA 2017-6 A 2.04% 05/23			488,000			**			486,092
		AMXCA 2017-1 A 1.93% 09/22			879,000			**			875,705
		BACCT 2017-A1 A1 1.95% 08/22			772,000			**			769,216
		BACCT 2017-A2 A2 1.84% 1/23			678,000			**			671,928
		BMWOT 2016-A A3 1.16% 07/20			441,000			**			437,689
		BMWLT 2017-2 A3 2.07% 10/20			289,000			**			288,394
		CPART 17-1A A3 2.05% 03/21			345,000			**			343,702
		COMET 2015-A2 A2 2.08% 03/23			179,000			**			178,703
		COMET 2015-A8 A8 2.05% 08/23			430,000			**			428,437
		COMET 2016-A3 A3 1.34% 04/22			830,000			**			822,054
		COMET 2016-A4 A4 1.33% 6/15/22			656,000			**			648,242
		COMET 2017-A3 A3			628,000			**			624,687
		COMET 2017-A4 A4 1.99% 07/23			592,000			**			588,782
		CARMX 16-4 A3 1.4% 08/21			570,000			**			564,609
		CARMX 2014-4 A3 1.25% 11/19			63,875			**			63,836
		CARMX 2015-3 A3 1.63% 06/20			205,732			**			205,544
		CARMX 2015-1 A3 1.38% 11/19			98,358			**			98,281
		CARMX 2016-2 A3 1.52% 02/21			333,000			**			331,852
		CARMX 2017-4 A3 2.15% 10/22			244,000			**			243,035
		CARMX 2017-3 A3 1.97% 04/22			236,000			**			234,930
		CHAIT 2016-A2 A 1.37% 06/15/21			813,000			**			805,694
		CHAIT 2016-A5 A5 1.27% 07/21			660,000			**			652,607

 

19

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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, 2017

 

(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
		CCCIT 2014-A6 A6 2.15% 07/21			1,322,000			**			1,336,475
		CCCIT 2016-A1 A1 0% 11/21			814,000			**			810,171
		CCCIT 17-A2 A2 1.74% 01/21			810,000			**			814,614
		CCCIT 2017-A3 A3 1.92% 04/22			703,000			**			701,764
		CCCIT 2017-A8 A8 1.86% 8/8/22			600,000			**			598,862
		CCCIT 2017-A9 A9 1.8% 09/21			602,000			**			601,599
		DCENT 2012-A6 A6 1.67% 01/22			1,387,000			**			1,380,181
		DCENT 2014-A4 A4 2.12% 12/21			639,000			**			639,908
		DCENT 2015-A2 A 1.9% 10/22			515,000			**			512,388
		DCENT 2016-A1 A1 1.64% 07/21			630,000			**			628,465
		DCENT 2016-A3 A3 1.85% 10/23			440,000			**			434,094
		DCENT 2016-A4 A4 1.39% 3/22			657,000			**			649,341
		DCENT 2017-A6 A6 1.88% 2/15/23			449,000			**			445,445
		FITAT 2017-1 A3 1.8% 02/22			371,000			**			368,649
		FORDF 2016-1 A1 1.76% 02/21			310,000			**			309,201
		FORDF 2016-3 A1 1.55% 07/21			824,000			**			817,168
		FORDF 2017-1 A1 2.07% 05/15/22			374,000			**			372,436
		FORDF 2017-2 A1 2.37% 09/22			595,000			**			593,349
		FORDR 14-1 A 2.26% 11/25			470,000			**			471,427
		FORDR 2014-2 A 2.31% 04/26			1,015,000			**			1,017,538
		FORD CRD 16-1 A 2.31% 08/27			249,000			**			248,430
		FORDR 2015-2 A 2.44% 01/27			327,000			**			328,603
		FORDO 2015-C A3 1.41% 02/20			255,051			**			254,746
		FORDO 2016-C A3 1.22% 03/21			669,000			**			661,892
		FORDO 2017-A A3 1.67% 6/21			573,000			**			569,813
		FORDR 2017-1 A 2.62% 8/28			319,000			**			319,562
		FORDO 2016-A A3 2.01% 07/20			543,644			**			542,194
		FORDO 16-B A3 1.33% 10/20			469,000			**			467,077
		GFORT 17-1 A1 2.22% 1/22 144A			510,000			**			509,184
		GMALT 2015-2 A3 1.68% 12/18			133,631			**			133,674
		HAROT 2016-2 A3 1.39% 4/20			267,074			**			266,357
		HAROT 2016-4 A3 1.21% 12/20			669,000			**			662,565
		HAROT 2017-1 A3 1.72% 07/21			555,000			**			551,666
		HUNT AUTO 16-1 A3 1.57% 11/20			326,000			**			324,892
		HART 2015-B A3 1.12% 11/19			225,606			**			225,129
		HART 2016-B A3 1.29% 4/21			717,000			**			709,794
		HART 2015-C A3 1.46% 02/20			337,105			**			336,634
		HFMOT 2016-1A A2 1.81% 03/21			351,000			**			350,227
		HART 2016-A A3 1.56% 09/20			220,000			**			219,512
		MBART 2016-1 A3 1.26% 02/21			625,000			**			621,042
		NMOTR 2016-A A2 1.54% 06/21			352,000			**			349,269
		NAROT 2017-A A3 1.74% 08/21			628,000			**			624,665
		NAROT 2016-B A3 1.32% 01/15/21			376,000			**			373,621
		NAROT 2016-C A3 1.18% 01/21			586,000			**			580,276
		NEF 2005-1 A5 4.74% 10/45			98,300			**			97,906
		SRT 2017-A A3 2.58% 01/21			574,000			**			572,783
		SSTRT 17-2A A3 2.04% 4/21 144A			358,000			**			355,931
		SSTRT 2016-1A A3 1.524% 03/20			371,000			**			369,612
		SSTRT 17-1A A3 1.89% 8/20			872,000			**			869,772
		SYNCT 2015-3 A 1.74% 9/21			215,000			**			214,902
		TAOT 2016-B A3 1.3% 04/20			288,550			**			287,633
		TAOT 2016-C A3 1.14% 08/20			373,000			**			370,674
		TAOT 2017-A A3 1.73% 2/21			438,000			**			436,076
		USAOT 2017-1 A3 1.79% 05/21			205,000			**			203,961
		USAOT 2015-1 A3 1.2% 06/19			29,696			**			29,700
		VZOT 16-1A A 1.42% 01/21			584,000			**			580,418
		VZOT 2016-2A A 1.68% 5/21			676,000			**			671,722
		VZOT 17-2A A 1.92% 12/21			360,000			**			357,823
		VZOT 2017-3A A1A 2.06% 04/22			600,000			**			597,299

 

20

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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, 2017

 

(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
		WOART 2014-B A3 1.14% 01/20			130,161			**			129,986
		WOLS 2015-A A3 1.54% 10/18			155,462			**			155,542
		WOART 16-B A3 1.3% 2/22			544,000			**			539,004
		WOART 2016-A A3 1.77% 09/21			323,000			**			322,241
		Total Asset Backed Securities						—			42,954,257
		Corporate Bonds:
		APPLE INC 2.85% 5/6/21			510,000			**			520,352
		AUST & NZ BKG NY 2.25% 6/13/19			710,000			**			711,603
		AUS & NZ BKG 2.125% 8/19/20			398,000			**			397,944
		BANK OF MONTREAL 1.5% 7/18/19			1,000,000			**			996,983
		BK OF NOVA SCOTIA 2.05% 6/5/19			1,000,000			**			998,942
		BANK NOVA SCOTIA 2.8% 07/21/21			500,000			**			510,681
		BNK OF NOVA SCOTIA 2.7% 3/7/22			640,000			**			645,391
		BERKSHIRE HATH 1.7% 3/15/19			277,000			**			277,470
		BERKSHIRE HTHWY INC 2.1% 08/19			1,000,000			**			1,008,366
		BERKSHIRE HATH 2.2% 3/15/21			244,000			**			244,792
		BERKSHIRE HATH 2.75% 3/15/23			320,000			**			324,636
		CANADIAN IMP BANK 2.55% 6/22			926,000			**			920,585
		CHEVRON CORP NEW 1.961% 03/20			1,555,000			**			1,559,439
		CHEVRON CORP 2.419% 11/17/20			940,000			**			948,392
		CISCO SYSTEMS INC 2.125% 3/19			690,000			**			695,612
		CISCO SYSTEMS 2.45% 6/15/20			1,000,000			**			1,007,566
		CISCO SYSTEMS 1.85% 9/20/21			490,000			**			483,383
		COCA-COLA CO 1.15% 04/01/18			760,000			**			761,171
		COMMONWEALTH NY 2.25% 03/13/19			681,000			**			685,982
		COMMONWEALTH BK NY 2.3% 9/6/19			650,000			**			655,593
		COMMWLTH BK ASTL NYB 2.3% 3/20			310,000			**			312,319
		EXXON MOBIL CORP 2.726% 3/1/23			503,000			**			511,060
		EXXON MOBIL CORP 2.222% 3/1/21			640,000			**			643,209
		GENERAL ELEC CO 3.375% 3/11/24			602,000			**			626,374
		HSBC HOLDINGS 2.95% 5/25/21			1,000,000			**			1,009,723
		HSBC USA INC 2.25% 06/23/19			1,000,000			**			1,000,352
		JOHNSON & JOHNSON 2.25% 03/22			2,385,000			**			2,399,325
*		JPMORGAN CHASE 1.65% 9/23/19			2,000,000			**			1,991,877
		MASSMUTUAL 1.55% 10/11/19 144A			2,000,000			**			1,982,751
		MASSMUTUL GLBL 2.5% 4/22 144A			640,000			**			639,165
		MERCK & CO INC NEW 1.85% 02/20			1,000,000			**			1,001,618
		MET LFE GLB 1.55% 9/13/19 144A			1,500,000			**			1,489,750
		MET LIFE GLOB 2.65% 4/22 144A			950,000			**			955,522
		MICROSOFT CORP 1.625% 12/06/18			1,000,000			**			999,167
		MICROSOFT CORP 1.55% 8/8/21			1,000,000			**			979,726
		MIDAMERICAN ENE 2.4% 03/15/19			750,000			**			758,220
		NYLIFE GLBL 1.7% 9/14/21 144A			1,000,000			**			976,082
		NY LFE GLB 2.3% 6/10/22 144A			1,000,000			**			987,210
		NOVARTIS CAP 2.4% 05/17/22			1,000,000			**			1,000,268
		ONTARIO PROVINCE 1.25% 06/19			470,000			**			464,415
		ONTARIO PROVINCE CDA 2.4% 2/22			648,000			**			652,078
		ONTARIO PROV 4% 10/7/19			2,000,000			**			2,081,027
		ORACLE CORP 2.25% 10/8/19			1,150,000			**			1,161,037
		ORACLE CORP 1.9% 09/15/21			660,000			**			653,206
		PECO ENERGY CO 1.7% 9/30/21			660,000			**			644,750
		PRICOA GBL 1.45% 9/13/19 144A			497,000			**			491,406
		PRICOA GLBL 2.45% 9/21/22 144A			448,000			**			446,965

 

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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, 2017

 

(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
		PROTECTVE LFE 2.615% 8/22 144A			450,000			**			447,731
		PROTECTIVE LF 2.161% 9/20 144A			456,000			**			453,613
		PUBLIC SVC ELEC 2.3% 09/15/18			1,000,000			**			1,007,565
		PUBLIC SVC ELEC 1.8% 06/01/19			700,000			**			697,488
		QUEBEC PROVINCE 2.375% 1/31/22			1,234,000			**			1,241,690
		ROYAL BK OF CDA 2.15% 03/15/19			340,000			**			342,141
		ROYAL BK CAN GL 2.35% 10/30/20			1,300,000			**			1,304,781
		ROYAL BANK OF CANA 2.15% 10/20			800,000			**			797,881
		SAN DIEGO G&E 3% 8/15/21			550,000			**			568,300
		SCHLUMBERG 2.35% 12/21/18 144A			872,000			**			874,521
		SHELL INTL FIN BV 2.125% 05/20			468,000			**			468,379
		SHELL INTL 2.25% 11/10/20			806,000			**			808,292
		SOUTHERN CA GAS 1.55% 6/15/18			1,000,000			**			998,308
*		STATE STREET CRP 1.95% 5/19/21			1,000,000			**			987,743
		SUMITOMO BKG 2.45% 1/10/19			430,000			**			435,943
		SUMITOMO BKG 2.25% 07/11/19			500,000			**			505,088
		TORONTO DOM BK 2.125% 7/02/19			340,000			**			343,521
		TORONTO DOMINION 2.25% 11/5/19			800,000			**			803,191
		TORONTO DOM BANK 2.125% 4/7/21			350,000			**			348,369
		TOTAL CAP CDA L 1.45% 01/15/18			416,000			**			418,685
		TOTAL CAP INTL 2.125% 01/10/19			700,000			**			707,720
		TOTAL CAP INTL 2.75% 06/19/21			340,000			**			343,670
		TOYOTA MOTOR CR 2% 10/24/18			700,000			**			703,478
		TOYOTA MOTOR CRDIT 2.125% 7/19			500,000			**			504,777
		TOYOTA MOTOR CR 1.55% 10/18/19			288,000			**			286,316
		TOYOTA MOTOR CORP 2.6% 1/11/22			780,000			**			793,676
		US BANK NA CIN 2.125% 10/19			1,451,000			**			1,456,766
		WELLS FARGO & CO 2.15% 1/15/19			1,392,000			**			1,407,944
		WELLS FARGO 3% 01/22/21			635,000			**			652,402
		WELLS FARGO & CO MTN 2.6% 7/20			460,000			**			468,084
		WESTPAC BANKING 4.875 11/19/19			620,000			**			653,404
		WESTPAC BANKING 1.6% 08/19/19			650,000			**			646,995
		WESTPAC BANKING 2.8% 1/11/22			651,000			**			664,137
		Total Corporate Bonds						—			64,356,084
		Synthetic guaranteed investment contract and wrapper contracts:
		ADJUSTMENT FROM FAIR VALUE TO CONTRACT VALUE GUARANTEED INVESTMENT CONTRACT						**			833,021
		Total synthetic guaranteed investment contract and wrapper contracts						—			833,021
*		Participant loans			3.25% - 4.25% Maturing 2018 - 2023			**			69,958,932
		Total investments at year end						203,779,390			4,485,102,698

 

*	Party-in-interest

**	Historical cost is disclosed only for non-participant directed investments

 

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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 21, 2018						NextEra Energy, Inc. Employee Retirement Savings Plan
						(Name of Plan)
				By:		/S/ DEBORAH H. CAPLAN
						Deborah H. Caplan Chairman of the Employee Benefit Plans Administrative Committee

 

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EXHIBIT INDEX

 

Exhibit Number		Description
23(a)		Consent of Crowe Horwath LLP

 

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