Form 11-K
Table of Contents

 

 

 

LOGO

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 11-K

 

 

x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2013

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 1-8841

 

 

NextEra Energy, Inc. Employee Retirement Savings Plan

(Full title of the plan)

NextEra Energy, Inc.

(Name of issuer of the securities held pursuant to the plan)

700 Universe Boulevard

Juno Beach, Florida 33408

(Address of principal executive office)

 

 

 


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

CONTENTS

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

     1   

FINANCIAL STATEMENTS

  

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 2013 AND 2012

     2   

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2013

     3   

NOTES TO FINANCIAL STATEMENTS

     4   

SUPPLEMENTAL SCHEDULE

  

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

     23   

SIGNATURE

     32   

EXHIBIT

  

EXHIBIT 23(a) – CONSENT OF CROWE HORWATH LLP

     33   


Table of Contents

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

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, 2013 and 2012, and the related statement of changes in net assets available for benefits for the year ended December 31, 2013. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2013 and 2012, and the changes in net assets available for benefits for the year ended December 31, 2013 in conformity with U.S. generally accepted accounting principles.

As further discussed in Notes 1 and 2 to the financial statements, effective December 31, 2013, the NextEra Energy, Inc. Bargaining Unit Employee Retirement Savings Plan was merged into the Plan. The transfer of assets due to the Plan merger was reported as “Transfer related to Plan Merger” on the Statement of Changes in Net Assets Available for Benefits.

Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental Schedule H, Line 4i - Schedule of Assets (Held at End of Year) is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic 2013 financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic 2013 financial statements taken as a whole.

 

/s/ Crowe Horwath LLP

Columbus, Ohio

June 25, 2014

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

DECEMBER 31, 2013 AND 2012

 

     December 31, 2013  
           Nonparticipant-Directed         
     Participant-
Directed
    Allocated      Unallocated      Total  

ASSETS

          

Participant-directed investments (see Note 7)

   $ 2,485,923,021      $ —          $ —          $ 2,485,923,021   

Nonparticipant-directed investments (Leveraged ESOP)

     —           722,893,201         155,368,278         878,261,479   
  

 

 

   

 

 

    

 

 

    

 

 

 

Total investments, at fair value

     2,485,923,021        722,893,201         155,368,278         3,364,184,500   

Notes receivable from participants

     70,604,491        —            —            70,604,491   

Employer contribution receivable

     —           —            702,141         702,141   

Accrued interest receivable and other receivables

     9,433,651        736         27         9,434,414   
  

 

 

   

 

 

    

 

 

    

 

 

 

Total receivables

     80,038,142        736         702,168         80,741,046   

Non-interest bearing cash

     918,311        —            —            918,311   
  

 

 

   

 

 

    

 

 

    

 

 

 

Total assets

     2,566,879,474        722,893,937         156,070,446         3,445,843,857   
  

 

 

   

 

 

    

 

 

    

 

 

 

LIABILITIES

          

Leveraged ESOP Note:

          

Current

     —           —            24,835,245         24,835,245   

Non-current

     —           —            30,606,382         30,606,382   

Interest payable (Leveraged ESOP)

     —           —            179,076         179,076   

Other Payables

     7,011,246        165,232         —            7,176,478   
  

 

 

   

 

 

    

 

 

    

 

 

 

Total liabilities

     7,011,246        165,232         55,620,703         62,797,181   
  

 

 

   

 

 

    

 

 

    

 

 

 

Net assets, reflecting all investments at fair value

     2,559,868,228        722,728,705         100,449,743         3,383,046,676   

Adjustments from fair value to contract value for fully benefit-responsive investment contracts

     (7,154,023     —            —            (7,154,023
  

 

 

   

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

   $ 2,552,714,205      $    722,728,705       $    100,449,743       $ 3,375,892,653   
  

 

 

   

 

 

    

 

 

    

 

 

 

 

     December 31, 2012  
           Nonparticipant-Directed         
     Participant-
Directed
    Allocated      Unallocated      Total  

ASSETS

          

Participant-directed investments (see Note 7)

   $ 1,620,331,811      $ —          $ —          $ 1,620,331,811   

Nonparticipant-directed investments (Leveraged ESOP)

     —          456,335,086         136,003,612         592,338,698   
  

 

 

   

 

 

    

 

 

    

 

 

 

Total investments, at fair value

     1,620,331,811        456,335,086         136,003,612         2,212,670,509   

Notes receivable from participants

     42,665,318        —            —            42,665,318   

Employer contribution receivable

     —           —            3,903,749         3,903,749   

Accrued interest receivable

     —           —            62         62   
  

 

 

   

 

 

    

 

 

    

 

 

 

Total receivables

     42,665,318        —            3,903,811         46,569,129   
  

 

 

   

 

 

    

 

 

    

 

 

 

Total assets, reflecting interest in assets of Master Trust

     1,662,997,129        456,335,086         139,907,423         2,259,239,638   
  

 

 

   

 

 

    

 

 

    

 

 

 

LIABILITIES

          

Leveraged ESOP Note:

          

Current

     —           —            19,689,544         19,689,544   

Non-current

     —           —            40,925,130         40,925,130   

Interest payable (Leveraged ESOP)

     —           —            195,785         195,785   
  

 

 

   

 

 

    

 

 

    

 

 

 

Total liabilities, reflecting interest in liabilities of Master Trust

     —           —            60,810,459         60,810,459   
  

 

 

   

 

 

    

 

 

    

 

 

 

Interest in net assets of Master Trust, reflecting all investments at fair value

     1,662,997,129        456,335,086         79,096,964         2,198,429,179   

Adjustments from fair value to contract value for fully benefit-responsive investment contracts

     (9,814,492     —            —            (9,814,492
  

 

 

   

 

 

    

 

 

    

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS

   $ 1,653,182,637      $    456,335,086       $ 79,096,964       $ 2,188,614,687   
  

 

 

   

 

 

    

 

 

    

 

 

 

 

 

 

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

 

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Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2013

 

          Nonparticipant-Directed        
    Participant-
Directed
    Allocated     Unallocated     Total  

ADDITIONS

       

Participant contributions

  $ 87,014,628      $ —         $ —         $ 87,014,628   

Allocation of Leveraged ESOP shares (see Note 5)

    —           33,381,735        —           33,381,735   

Transfer from/to nonparticipant-directed investments

    32,235,054        1,048,167        —           33,283,221   

Increase in Leveraged ESOP unallocated account (see Note 5)

    —           —           33,461,313        33,461,313   

Net investment income:

       

Net investment income in participation in Master Trust, at fair value

    297,602,337        123,776,479        —           421,378,816   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total additions

    416,852,019        158,206,381        33,461,313        608,519,713   
 

 

 

   

 

 

   

 

 

   

 

 

 

DEDUCTIONS

       

Benefit payments to participants and beneficiaries

    194,361,426        37,493,371        —           231,854,797   

Transfer from/to participant-directed investments

    1,048,167        32,235,054        —           33,283,221   

Decrease in Leveraged ESOP unallocated account (see Note 5)

    —           —           38,328,628        38,328,628   

Administrative expenses

    700,366        47,509        —           747,875   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total deductions

    196,109,959        69,775,934        38,328,628        304,214,521   
 

 

 

   

 

 

   

 

 

   

 

 

 

Transfers to/(from) the Plan, net

    2,300,492        (525,584     —           1,774,908   

NET INCREASE/(DECREASE)

    223,042,552        87,904,863        (4,867,315     306,080,100   

Transfer related to Plan Merger (a)

    676,489,016        178,488,756        26,220,094        881,197,866   

NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2012

    1,653,182,637        456,335,086        79,096,964        2,188,614,687   
 

 

 

   

 

 

   

 

 

   

 

 

 

NET ASSETS AVAILABLE FOR BENEFITS AT DECEMBER 31, 2013

  $ 2,552,714,205      $      722,728,705      $      100,449,743      $ 3,375,892,653   
 

 

 

   

 

 

   

 

 

   

 

 

 

 

(a)

On December 31, 2013, the Net Assets Available for Benefits of the NextEra Energy, Inc. Bargaining Unit Employee Retirement Savings Plan were merged into the Plan as discussed in Notes 1 and 2.

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, 2013 AND 2012

 

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) or the Plan Prospectus for a more complete description of the Plan.

Effective December 31, 2013 (Plan Merger Date), the NextEra Energy, Inc. Bargaining Unit Employee Retirement Savings Plan (Bargaining Plan) was merged (Plan Merger) with and into the Plan. All participants under the Bargaining Plan (Bargaining Unit Participant) at the time of the Plan Merger have a benefit immediately after the merger which is the same as the benefit determined under the Bargaining Plan immediately before the merger. In conjunction with the Plan Merger, the Master Trust for Retirement Savings Plans of NextEra Energy, Inc. and Affiliates (Master Trust) was renamed the NextEra Energy, Inc. Employee Retirement Savings Plan Trust (Trust) and amended to be a single trust.

See Note 2 for additional detail about the Plan Merger.

General

The Plan is a defined contribution plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). Participation in the Plan is voluntary. The Plan includes a cash or deferred compensation 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 elect to defer federal income taxes on all or a portion of their contributions (Pretax Contributions) until such contributions are distributed from the Plan. Under current tax law, the annual limitation on Pretax Contributions for the 2014 and 2013 Plan years is $17,500. In addition, individuals age 50 or older who contributed the maximum allowable under the Pretax Option in the Plan have the option of contributing up to an additional $5,500 annually in Pretax Contributions in 2014 and 2013.

Non-bargaining employees of NextEra Energy, Inc. (the Company) and its subsidiaries are eligible to participate in the Plan on the first day of the month coincident with the completion of one full month of service with the Company or certain of its subsidiaries or on the first day of any payroll period thereafter. Effective with the Plan Merger, Bargaining unit employees of the Company 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 in the IBEW 2150 at NextEra Energy Point Beach are eligible to participate in the Plan on the first day of employment.

The Plan also includes leveraged employee stock ownership plan (Leveraged ESOP) provisions. The Leveraged ESOP is a stock bonus plan within the meaning of U.S. Treasury Regulation Section 1.401-1(b)(1)(iii) that 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 NextEra Energy, Inc. (Company Stock). Pursuant to the Leveraged ESOP, the Master Trust purchased Company Stock from the Company using the proceeds of a loan (Acquisition Indebtedness) from NextEra Energy Capital Holdings, Inc., a wholly-owned subsidiary of the Company. The Company Stock acquired by the Master Trust (now held in the Trust) is initially held in a separate account (Leveraged ESOP Account). As the Acquisition Indebtedness (including interest) is repaid, Company Stock is released from the Leveraged ESOP Account and allocated to Participants.

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, distribution of dividends in cash, or a partial cash distribution of dividends with the balance reinvested in Company Stock. Dividends on unallocated Company Stock held in the Leveraged ESOP do not qualify under this program.

Trustee

Fidelity Management Trust Company (Trustee) administers the Trust established to hold the assets and liabilities of the Plan. The Trustee administered the Master Trust prior to the Plan Merger.

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.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

Employee Contributions

The Plan allows for combined pretax and after-tax contributions by eligible employees in whole percentages of up to 50% of their eligible earnings, as defined by the Plan.

NextEra Energy Point Beach bargaining unit eligible employees represented by IBEW 2150 (Eligible Employee) hired or rehired after January 1, 2008 shall be deemed to have elected to make a pretax contribution of 3% in the Plan unless such Eligible Employee otherwise affirmatively revokes or modifies his or her pretax election within 60 days of his or her date of hire.

As of December 31, 2013, Participants could elect to invest in any combination of the 26 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.

Employer Contributions

The table below presents the employer contribution formula for the various Participant groups covered by the Plan as of December 31, 2013 and 2012, for non-bargaining employees and as of December 31, 2013 for Bargaining Plan employees. Refer to Note 2 for additional disclosures about the Plan Merger.

 

Participant Group    Benefit
NextEra Energy, Inc. and subsidiaries Non-Bargaining and Bargaining Unit Employees, not listed below   

100% on the first 3% of employee contribution

50% on the next 3% of employee contribution

25% on the next 1% of employee contribution

NextEra Energy Seabrook, LLC (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 contribution

NextEra Energy Duane Arnold, LLC Non-Bargaining Employees hired prior to January 27, 2006 and NextEra Energy Point Beach, LLC Non-Bargaining Employees hired prior to September 28, 2007

 

NextEra Energy Duane Arnold, LLC Bargaining Unit Employees and NextEra Energy Point Beach Bargaining Unit Employees (not represented by IBEW 2150)

  

100% on the first 3% of employee contribution

50% on the next 2% of employee contribution

NextEra Energy Point Beach Bargaining Unit Employees represented by IBEW 1250   

100% on the first 1% of employee contribution

50% on the next 6% of employee contribution

Company matching contributions are made in the form of Company Stock through allocation of shares held in suspense in the Leveraged ESOP Account. The Company makes cash contributions for the difference between the dividends on the shares acquired by the Leveraged ESOP Account and the required principal and interest payments on Acquisition Indebtedness. Prior to the Plan Merger, the Plan was allocated a 2013 Company cash contribution of $518,863 (see

Note 5). Contributions are subject to certain limitations.

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. At December 31, 2013 and 2012, the balance of the forfeiture account was $76,103 and $40,579, respectively. Forfeitures applied to administrative fees in 2013 totaled $26,772. In addition, forfeitures totaling $1,048,167 were used to reduce the amount of Company matching contribution during 2013.

Vesting

Participants are immediately 100% vested in employee contributions.

Company matching contributions vest at a rate of 20% each year of service and are fully vested upon a Participant attaining five years of service, except as noted below.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

NextEra Energy Seabrook, LLC non-bargaining employees hired prior to November 1, 2002, NextEra Energy Duane Arnold, LLC non-bargaining employees hired prior to January 27, 2006 and NextEra Energy Point Beach, LLC non-bargaining employees hired prior to September 28, 2007 are fully vested immediately in Company matching contributions. For employees of NextEra Energy Maine Operating Services, LLC hired prior to August 1, 2006, Company matching contributions are fully vested upon attaining six months of service.

For bargaining unit employees of NextEra Energy Maine hired prior to May 15, 2008, employer contributions are fully vested upon attaining six months of service. For bargaining unit employees of NextEra Energy Seabrook hired prior to January 1, 2009 and bargaining unit employees of NextEra Energy Point Beach other than employees represented by IBEW 2150, employer contributions are fully vested immediately. For bargaining unit employees of NextEra Energy Point Beach represented by IBEW 2150 hired on or after September 28, 2007, employer contributions are fully vested after attaining one year of service. For bargaining unit employees of NextEra Energy Duane Arnold, LLC existing on the date of acquisition of the Duane Arnold Energy Center (January 27, 2006), employer contributions are fully vested. For all bargaining unit employees of NextEra Energy Point Beach existing on the date of acquisition of the Point Beach Nuclear Plant (September 28, 2007), employer contributions are fully vested.

Under certain circumstances, an employee may also receive vesting credit for prior years of service with the Company or any of its subsidiaries.

Notes Receivable from Participants

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 prior loans), whichever is less. The vested portion of a Participant’s account will be pledged as security for the loan. The annual rate of interest on Participant loans is fixed and takes into account the prime rate at the time of origination of the loan. The interest rates range from 3.25% to 7.75% for loans outstanding at December 31, 2013. The maturity dates for loans outstanding at December 31, 2013 ranged from 2014 through 2018.

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.

Transfers to (from) the Plan represented net transfers between the Plan and the Bargaining Plan prior to the Plan Merger. The majority of transfers arose as a result of Participants transferring between bargaining unit and non-bargaining unit positions while employed by the Company and its affiliated companies.

The Transfer related to Plan Merger on the Statement of Changes in Net Assets Available for Benefits is a result of the Plan Merger, see Note 2 for further details.

Administrative Expenses

The Company pays a portion 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 and the Code that limit this right while Leveraged ESOP Acquisition Indebtedness remains outstanding. In the event of Plan termination, Participants will become 100% vested in their accounts.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

2.

Plan Merger

Effective December 31, 2013, the Bargaining Plan was merged with and into the Plan. Bargaining Plan Net Assets Available for Benefits of $881,197,866 were transferred to the Plan and are reflected as “Transfer related to Plan Merger” in the Statement of Changes in Net Assets Available for Benefits.

 

3.

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. 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 technique 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.

Prior to December 31, 2013 the fair value of the Plan’s interest in the Master Trust was based on the beginning of year value of the Plan’s interest in the Master Trust plus actual contributions and allocated investment income less actual distributions and expenses. The underlying investments of the Master Trust were valued at fair value.

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, as well as investments held as underlying investments of the Master Trust.

Registered investment companies (mutual funds), Company Stock and other 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 common stock are valued at their quoted market price in active markets (level 1 inputs).

Investment in shares of fixed income commingled funds, which are registered investment companies, are valued at the net asset value of such shares held (level 2 inputs). The investment objectives of these registered investment companies valued at net asset value vary, with some holding diversified portfolios of domestic or international stocks, diversified portfolios of bonds, inflation-protected bonds, money market securities and/or real estate securities. Each of these registered investment companies which are valued at net asset value provide for daily redemptions reported at net asset value per unit share, with no advance notice requirement. There are currently no unfunded commitments related to any of these registered investment companies.

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 managers as of the financial statement dates and on recent transaction prices (level 2 inputs). The investment objectives of the underlying collective trust funds vary, with some holding diversified portfolios of domestic or international stocks, diversified portfolios of bonds, inflation-protected bonds, money market securities, commodity securities and/or real estate securities. Each collective trust fund provides for daily redemptions reported at net asset value per unit share, with no advance notice requirement. There are currently no unfunded commitments related to any collective trust fund.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

Managed Income Fund: The Managed Income Fund holds fully benefit-responsive investment contracts (wrapper contracts) (see Note 8 – 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 Managed Income Fund is a synthetic guaranteed investment contract which is valued at the estimated fair value of the underlying investments of the contracts, primarily debt securities and wrapper contracts. The fair values of U.S. Treasury notes are reflected at the closing price reported in the active market in which the security is traded (level 1 inputs). Asset-backed and mortgage-backed securities are valued at their most recent bid prices (sales prices if their principal market is an exchange) in the principal market in which such securities are traded, as determined by recognized dealers in such securities, or are valued on the basis of information provided by a pricing service (level 2 inputs). The fair values of corporate bonds are estimated based on yields currently available on comparable securities of issues with similar credit ratings (level 2 inputs). The fair values of government agency notes are estimated based on current rates for similar instruments (level 2 inputs).

Wrapper contracts: Investments in wrapper contracts are valued at fair value using a discounted cash flow model which considers recent fee bids as determined by recognized dealers, discount rate, and the duration of the underlying portfolio of securities. For 2013 and 2012, the fair value of the wrapper contracts was not material. The contracts are unallocated in nature and are fully benefit-responsive. Therefore, net assets available for benefits reflects the Plan’s interest in the contract value of the Managed Income Fund because the Plan’s allocable share of the difference between fair value and contract value for this investment is presented as a separate adjustment in the statement of net assets available for benefits. 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 wrap issuer may terminate a wrapper contract at any time; however, if the fair value of the contract is less than the contract value, the wrap 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 Participant accounts are adjusted daily; securities held in the Leveraged ESOP Account 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.

Notes Receivable from Participants

Notes receivable from Participants 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.

Subsequent Events

The Company has evaluated events and transactions through the date these financial statements were issued.

 

4.

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.

 

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Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

5.

Leveraged Employee Stock Ownership Plan (Nonparticipant-Directed Unallocated)

The Leveraged ESOP Account holds unallocated Company Stock that was purchased by the Master Trust on behalf of the Plan and the Bargaining Plan and the associated Acquisition Indebtedness.

Up to the Plan Merger Date (see Notes 1 and 2), the Leveraged ESOP Account was allocated to the Plan and Bargaining Plan for financial reporting purposes proportionately based on each Plan’s relative end-of-year net assets excluding the net assets of the Leveraged ESOP Account. At December 31, 2012, the Plan’s allocation of Company Stock held in the Leveraged ESOP Account, accrued interest receivable, Acquisition Indebtedness and interest payable were reflected in the statements of net assets available for benefits. At December 31, 2013, the Plan held all of the remaining unallocated Company Stock as well as the entire outstanding Acquisition Indebtedness and interest payable. Prior to the Plan Merger, the net effect of a change in the allocation percentage from year to year for the Plan and the Bargaining Plan was reported as a reallocation of the Leveraged ESOP Account. The value of the shares allocated to accounts of Participants under the Plan was not affected by these allocations.

Company Stock is released from the Leveraged ESOP Account and allocated to accounts of Participants under the Plan at the fair value of the shares on the date of the allocation in satisfaction of part or all of the Company’s matching contribution requirement under the Plan. The Acquisition Indebtedness is repaid quarterly from dividends on the shares held by the Leveraged ESOP Account, as well as from cash contributions from the Company. The number of shares released from the Leveraged ESOP Account and allocated to accounts of Participants during the year is based on the ratio of the total of the current year’s principal and interest payments to the total principal and interest payments remaining, including the current year.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

Condensed financial information for the Leveraged ESOP Account is presented below, and indicates the approximate allocations made to the Plan and Bargaining Plan prior to the Plan Merger. The net assets information below has been allocated to the Plan and, at December 31, 2012, to the Plan and the Bargaining Plan, but not to the Participants. The effect of the 2013 Leveraged ESOP activity on net assets has been allocated to the Plan but not to the Participants and is included in the financial statements of the Plan.

 

     December 31, 2013  
     Total
Leveraged ESOP
Account
 

Allocation Percentage

     100%   

Accrued interest receivable

   $ 27   

Employer contribution receivable

     702,141   

Company Stock

     155,368,278   
  

 

 

 

Total assets

     156,070,446   
  

 

 

 

Interest payable

     179,076   

Acquisition Indebtedness

     55,441,627   
  

 

 

 

Total liabilities

     55,620,703   
  

 

 

 

Net assets at December 31, 2013

   $ 100,449,743   
  

 

 

 
     December 31, 2012  
     Total
Leveraged ESOP
Account
    Plan     Bargaining Plan  

Allocation Percentage

     100%        73.33%        26.67%   

Accrued interest receivable

   $ 85      $ 62      $ 23   

Employer contribution receivable

     5,323,812        3,903,749        1,420,063   

Registered investment companies

     316,769        232,275        84,494   

Company Stock

     185,160,743        135,771,337        49,389,406   
  

 

 

   

 

 

   

 

 

 

Total assets

     190,801,409             139,907,423               50,893,986   
  

 

 

   

 

 

   

 

 

 

Interest payable

     267,006        195,785        71,221   

Acquisition Indebtedness

     82,664,415        60,614,674        22,049,741   
  

 

 

   

 

 

   

 

 

 

Total liabilities

     82,931,421        60,810,459        22,120,962   
  

 

 

   

 

 

   

 

 

 

Net assets at December 31, 2012

   $      107,869,988      $ 79,096,964      $ 28,773,024   
  

 

 

   

 

 

   

 

 

 

 

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Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

     Year Ended December 31, 2013  
     Total
Leveraged ESOP
Account
    Plan     Bargaining Plan  

Employer contributions

   $ 702,141      $ 518,863      $ 183,278   

Interest Income

     362        266        96   

Dividends

     6,062,630        4,480,120        1,582,510   

Net appreciation in fair value of Company Stock

     38,111,058                 28,163,043                   9,948,015   
  

 

 

   

 

 

   

 

 

 

Total

     44,876,191        33,162,292        11,713,899   

Interest expense

     (6,694,280     (4,946,892     (1,747,388
  

 

 

   

 

 

   

 

 

 

Net gain

     38,181,911        28,215,400        9,966,511   

Allocation of shares to Plans

     (45,602,156     (33,381,735     (12,220,421

Reallocation of Leveraged ESOP

     —           299,020        (299,020
  

 

 

   

 

 

   

 

 

 

Effect of current year Leveraged ESOP Activity on net assets

     (7,420,245     (4,867,315     (2,552,930

Transfer related to Plan Merger (a)

     —           26,220,094        (26,220,094

Net assets at December 31, 2012

     107,869,988        79,096,964        28,773,024   
  

 

 

   

 

 

   

 

 

 

Net assets at December 31, 2013

   $ 100,449,743      $ 100,449,743      $ —      
  

 

 

   

 

 

   

 

 

 

 

(a)

Refer to Notes 1 and 2 for additional disclosure regarding Plan Merger on December 31, 2013.

Acquisition Indebtedness

In December 1990, the Master Trust, which held assets for the Plan and the Bargaining Plan, borrowed $360 million from NextEra Energy Capital Holdings, Inc. to purchase approximately 24.8 million shares of Company Stock. The Acquisition Indebtedness is currently held by EMB Investments, Inc. (the Lender) which is a wholly-owned subsidiary of NextEra Energy Capital Holdings, Inc. The Acquisition Indebtedness is currently scheduled to mature in 2016, bears interest at a fixed rate of 9.69% per annum and is to be repaid using dividends received on both Company Stock held by the Leveraged ESOP Account and Leveraged ESOP shares allocated to accounts of participants under the Plan and, prior to the Plan Merger, the Bargaining Plan, together with cash contributions from the Company. For dividends on shares allocated to participant accounts used to repay the loan, additional shares equal in value to those dividends are allocated to accounts of participants under the Plan and, prior to the Plan Merger, the Bargaining Plan. In 2013, dividends received from both shares held by the Leveraged ESOP Account and shares allocated to accounts of participants under the Plan and the Bargaining Plan totaled $6,062,630 and $22,501,061, respectively. Employer contributions for the 2013 debt service shortfall totaled $702,141.

The unallocated shares of Company Stock acquired with the proceeds of the Acquisition Indebtedness are collateral for the Acquisition Indebtedness. As debt payments are made, a percentage of Company Stock is released from collateral and becomes available to satisfy Company matching contributions, as well as to replace dividends on Leveraged ESOP shares allocated to participant accounts used to repay the Acquisition Indebtedness. The Company typically makes optional prepayments of the Acquisition Indebtedness when the number of shares required to provide Company matching contributions and to restore dividends on allocated Leveraged ESOP shares used to repay the Acquisition Indebtedness exceeds the shares released from collateral resulting from scheduled debt payments. In 2013, the lender and the Company agreed to the release of Leveraged ESOP shares prior to the receipt of certain optional debt prepayments, provided that the aggregate amount due was paid by March 2014. Such aggregate amount totaled $1,072,939, of which $370,798 was paid in December 2013 and the remaining balance of $702,141 was paid in March 2014. During 2013, 861,494 shares of Company Stock were released from collateral for the Acquisition Indebtedness. The 861,494 shares consisted of 577,923 shares to provide Company matching contributions and 283,571 shares to restore dividends on allocated Leveraged ESOP shares used to repay the Acquisitions Indebtedness. The Leveraged ESOP debt, with carrying values of $55,441,627 and $82,664,415 at December 31, 2013 and 2012, respectively, is estimated to have a fair value that is not materially different from carrying value. The fair value is estimated using a discounted cash flow valuation technique, based upon interest rates currently available to the Company on debt with similar terms, maturities, and structures (level 2 inputs).

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

The scheduled principal repayments and 2014 optional prepayment of Acquisition Indebtedness are as follows:

 

        Year        

   Repayment Amount  
2014    $ 24,835,245   
2015    $ 27,265,500   
2016    $ 3,340,882   

 

6.

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.

The Acquisition Indebtedness is currently held by the Lender which is a wholly-owned subsidiary of NextEra Energy Capital Holdings, Inc., which is a wholly-owned subsidiary of the Company. As of December 31, 2013, 1,814,626 shares of Company Stock held by the Plan served as collateral for the outstanding Leveraged ESOP Acquisition Indebtedness. As of December 31, 2012, 2,676,120 shares of Company Stock held by the Master Trust served as collateral for the outstanding Leveraged ESOP Acquisition Indebtedness. Amounts receivable from the Company for the optional debt prepayment made in March 2014 are reflected as an employer contribution receivable (see Note 5).

Dividend income earned by the Plan includes dividends on Company Stock. Dividends on shares held in the Leveraged ESOP Account and the Company’s Stock LESOP Fund (see Note 8 – NextEra Energy, Inc. Stock LESOP Fund) were used to repay in part the Acquisition Indebtedness. Certain dividends on shares held in Participants’ accounts are reinvested in Company Stock for the benefit of the Plan’s Participants pursuant to the Company’s Dividend Reinvestment and Direct Stock Purchase Plan in which the Trustee participates.

At December 31, 2013 and 2012, the number of shares of Company Stock held in Participant accounts totaled 12,749,692 and 9,830,027, respectively, with a fair value of $1,091,628,657 and $680,139,593, respectively. During 2013, dividends on shares of Company Stock held in Participants’ accounts totaled $25,220,005. During 2013, the Plan’s proportionate share of dividends on shares of Company Stock held in the Leveraged ESOP Account totaled $4,480,120.

Certain Plan investments are managed by an affiliate of the Trustee and, therefore, these transactions qualify as party-in-interest transactions. Notes receivable from Participants held by the Plan of $70,604,491 and $42,665,318 at December 31, 2013 and December 31, 2012, respectively, are also considered party-in-interest transactions.

 

7.

Investments/Interest in Master Trust

Prior to December 31, 2013, all of the Plan’s assets and liabilities were commingled with the assets of the Bargaining Plan in the Master Trust.

The Plan’s relative share of ownership of the total net assets of the Master Trust was approximately 73.33% at December 31, 2012. The Plan’s relative share of ownership varied in each of the underlying investments of the Master Trust, excluding the Leveraged ESOP Account (see Note 5), based on Participants’ investment elections. Prior to the Plan Merger, income, and the expenses of, the Master Trust were allocated to the Plan and the Bargaining Plan based on each plan’s interest in the underlying investments of the Master Trust.

 

12


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

The following table presents net assets held by the Plan as of December 31, 2013 and in the Master Trust as of December 31, 2012, including the fair value of investments held, and the contract value adjustment, as applicable, pertaining to the fully benefit-responsive investment contracts held.

 

     December 31,  
     2013     2012  

Assets

    

Investments at fair value:

    

Registered investment companies

   $ 532,522,973      $ 528,764,898   

Collective trust funds

     919,369,341        750,150,989   

Common stocks

     1,565,962,519        1,350,944,375   

U.S. Treasury notes

     168,724,309        223,643,111   

Government agency notes

     34,014,907        31,913,000   

Asset-back securities

     41,763,027        30,697,915   

Mortgage-backed securities

     52,329,930        49,202,156   

Corporate bonds

     49,418,093        41,119,621   

Other

     79,401        444,700   
  

 

 

   

 

 

 

Total investments at fair value

     3,364,184,500        3,006,880,765   

Notes receivable from Participants

     70,604,491        67,459,350   

Employer contribution receivable

     702,141        5,323,812   

Accrued interest and other receivables

     9,434,414        5,475,935   

Non-interest bearing cash

     918,311        19,522   
  

 

 

   

 

 

 

Total assets

     3,445,843,857        3,085,159,384   
  

 

 

   

 

 

 

Liabilitites

    

Leveraged ESOP note payable

     55,441,627        82,664,415   

Interest payable (Leveraged ESOP)

     179,076        267,006   

Other payables

     7,176,478        3,674,460   
  

 

 

   

 

 

 

Total liabilities

     62,797,181        86,605,881   
  

 

 

   

 

 

 

Net assets reflecting all investments at fair value

     3,383,046,676        2,998,553,503   

Adjustments from fair value to contract value for fully benefit-responsive investment contracts

     (7,154,023     (13,789,130
  

 

 

   

 

 

 

Net assets

   $ 3,375,892,653      $ 2,984,764,373   
  

 

 

   

 

 

 

Investment income for the Master Trust was as follows:

 

     Year Ended
December 31, 2013
 

Investment income (1)

  

Net appreciation in fair value of investments:

  

Registered investment companies

   $ 35,306,151   

Collective trust funds

     150,801,319   

Company Stock

     255,971,521   

Common stocks

     90,390,202   
  

 

 

 

Total net appreciation

     532,469,193   

Interest and dividends

     82,543,390   
  

 

 

 

Total investment income

   $ 615,012,583   
  

 

 

 

 

(1)

The table includes investment income from the Leveraged ESOP (See Note 5).

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

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, 2013:

 

     Fair Value Measurements
At December 31, 2013 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:

           

Equity securities:

           

Common stocks (a)

   $ 318,965,584       $ —         $ —         $ 318,965,584   

Company Stock

          375,171,456         —           —           375,171,456   

Equity commingled funds (b)(c)

     347,516,303         583,130,690         —           930,646,993   

Fixed income commingled funds (d)(e)

     84,113,063         148,585,694         —           232,698,757   

Blended commingled funds (f)

     —           282,110,564         —           282,110,564   

U.S. Treasury notes

     168,724,309         —           —           168,724,309   

Government agency notes (g)

     —           34,014,907         —           34,014,907   

Asset-backed securities

     —           41,763,027         —           41,763,027   

Mortgage-backed securities

     —           52,329,930         —           52,329,930   

Corporate bonds

     —           49,418,093         —           49,418,093   

Other

     —           79,401         —           79,401   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total participant-directed investments

     1,294,490,715         1,191,432,306         —           2,485,923,021   
Nonparticipant-directed investments (Leveraged ESOP):            

Equity securities:

           

Company Stock

     871,825,479         —           —           871,825,479   

Fixed income commingled funds (d)

     6,436,000         —           —           6,436,000   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total nonparticipant-directed investments

     878,261,479         —           —           878,261,479   

Total investments at fair value

   $ 2,172,752,194       $ 1,191,432,306       $ —         $ 3,364,184,500   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a)

Includes foreign investments of $2,979,858 classified as Level 1.

(b)

Includes registered investment companies of $347,516,303 classified as Level 1.

(c)

Includes collective trust funds of $583,130,690 including foreign funds of $133,473,626 classified as Level 2.

(d)

Includes money market mutual fund investments of $86,888,516 and registered investment company investments of $3,660,547 classified as Level 1.

(e)

Includes registered investment company investments of $94,457,608 and collective trust fund investments of $54,128,086 classified as Level 2.

(f)

Includes collective trust fund investments of $282,110,564 classified as Level 2.

(g)

Includes foreign investments of $3,059,689 classified as Level 2.

During the 2013 Plan year there were no transfers between Level 1 and Level 2 investments.

 

14


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

The following table sets forth by level, within the fair value hierarchy, the Master Trust’s assets that are measured at fair value on a recurring basis as of December 31, 2012:

 

    Fair Value Measurements
At December 31, 2012 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:

       

Equity securities:

       

Common stocks

  $ 231,043,358      $ —        $ —        $ 231,043,358   

Company Stock

    334,380,443        —          —          334,380,443   

Equity commingled funds (a)(b)

    274,634,448        462,494,973        —          737,129,421   

Fixed income commingled funds (c)(d)

    113,076,253        185,530,698        —          298,606,951   

Blended commingled funds (e)

    —          237,693,431        —          237,693,431   

U.S. Treasury notes

    223,643,111        —          —          223,643,111   

Government agency notes (f)

    —          31,913,000        —          31,913,000   

Asset-backed securities

    —          30,697,915        —          30,697,915   

Mortgage-backed securities

    —          49,202,156        —          49,202,156   

Corporate bonds

    —          41,119,621        —          41,119,621   

Other

    —          444,700        —          444,700   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total participant-directed investments

    1,176,777,613        1,039,096,494        —          2,215,874,107   

Nonparticipant-directed investments (Leveraged ESOP):

       

Equity securities:

       

Company Stock

    785,520,574        —          —          785,520,574   

Fixed income commingled funds (c)

    5,486,084        —          —          5,486,084   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total nonparticipant-directed investments

    791,006,658        —          —          791,006,658   

Total investments at fair value

  $ 1,967,784,271      $ 1,039,096,494      $ —        $ 3,006,880,765   
 

 

 

   

 

 

   

 

 

   

 

 

 

 

(a)

Includes registered investment companies of $274,634,448 including foreign funds of $4,423,631 classified as Level 1.

(b)

Includes collective trust funds of $462,494,973 including foreign funds of $118,542,050 classified as Level 2.

(c)

Includes money market mutual funds of $118,562,337 classified as Level 1.

(d)

Includes registered investment companies of $135,568,113 and collective trust funds of $49,962,585 classified as Level 2.

(e)

Includes collective trust funds of $237,693,431 classified as Level 2.

(f)

Includes foreign funds of $3,336,529 classified as Level 2.

During the 2012 Plan year there were no transfers between Level 1 and Level 2 investments.

 

15


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

The Plan’s portion of interest in the total participant-directed assets of the Master Trust as of December 31, 2012 was as follows:

 

     December 31,  
     2012  

Assets:

  

Mutual Funds:

  

Fidelity Low-priced Stock Fund – Class K

   $ 47,817,727   

JPMorgan U.S. Government Money Market Fund

     58,053,125   

Royce Premier Fund Institutional

     86,564,815   

Cohen & Steers Institutional Realty Shares

     46,535,074   

Vanguard Prime Cap Core Fund

     9,107,849   
  

 

 

 

Total mutual funds

     248,078,590   

Collective Trust Funds:

  

PIMCO Diversified Real Asset Trust

     10,706,084   

BTC Russell 3000 Index Fund C

     22,062,425   

BTC U.S. Debt Index Fund C

     33,803,354   

BTC MSCI ACWI Index C

     22,631,705   

BTC Equity Index C

     79,525,939   

Legg Mason Value Equity Collective Investment Fund

     41,706,718   

Thornburg International Equity Fund

     67,332,754   

Vanguard Target Retirement 2015 Trust II

     73,923,156   

Vanguard Target Retirement 2025 Trust II

     67,935,362   

Vanguard Target Retirement 2035 Trust II

     102,389,781   

Vanguard Target Retirement 2045 Trust II

     26,956,018   

Vanguard Target Retirement Income Trust II

     33,282,674   
  

 

 

 

Total collective trust funds

     582,255,970   

NextEra Energy, Inc. Stock Fund

     229,684,665   

Managed Income Fund

     291,196,621   

Large Cap Growth Fund

     87,165,064   

Equity Income Fund

     49,697,684   

PIMCO Total Return Bond Fund

     96,215,859   

Small Mid Cap Growth Fund

     36,037,358   
  

 

 

 

Total assets, at fair value

   $ 1,620,331,811   
  

 

 

 

Individual investments in the Plan that represent 5% or more of the Plan’s net assets available for benefits as of December 31, 2013 are as follows:

 

     December 31,  
     2013  

NextEra Energy, Inc. common stock:

  

Held in NextEra Energy, Inc. LESOP Stock Fund (non-participant directed allocated)

   $ 716,457,201   

Held in NextEra Energy, Inc. Stock Fund

     375,171,456   

Held in NextEra Energy, Inc. LESOP Stock Fund (non-participant directed unallocated)

     155,368,278   
  

 

 

 

Total NextEra Energy, Inc. common stock

   $ 1,246,996,935   
  

 

 

 

As of December 31, 2012, the Plan’s investment in the Master Trust represented more than 5% of the Plan’s net assets available for benefits.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

8.

Pooled Funds of the Plan/Master Trust

Prior to the Plan Merger, within the Master Trust were certain pooled funds in which the Plan and the Bargaining Plan participated. The Plan and the Bargaining Plan held undivided interests in the assets and liabilities of these pooled funds prior to the Plan Merger. After the Plan Merger, the Plan held all interests in the assets and liabilities of these pooled funds. These pooled funds include the Leveraged ESOP Account (unallocated portion), the NextEra Energy, Inc. Stock LESOP Fund (allocated portion), the Managed Income Fund, the NextEra Energy, Inc. Stock Fund, the Large Cap Growth Fund managed by T. Rowe Price, the Equity Income Fund managed by T. Rowe Price, the Mid-Cap Growth Fund managed by Friess Associates, the PIMCO Total Return Bond Fund managed by PIMCO and the Small Mid Cap Growth Fund managed by Delaware Investments. All of these pooled funds except the Leveraged ESOP Account are described below. The Leveraged ESOP Account is described in Note 5.

Managed Income Fund

The value of the Plan’s interest in the Managed Income Fund included in the statements of net assets available for benefits represents 100.00% and approximately 71.18% of the net assets of that fund at December 31, 2013 and 2012, respectively. Prior to the Plan Merger, the fully benefit-responsive investment contracts held in the Managed Income Fund were allocated to the Plan and the Bargaining Plan based on each Plan’s proportionate share of participation in the Managed Income Fund. The Managed Income Fund’s net assets available for benefits consisted of the following:

 

     December 31,  
     2013     2012  

U.S. Treasury notes

   $ 168,724,309      $ 223,643,111   

Government agency notes

     34,014,907        31,913,000   

Asset-backed securities

     41,763,027        30,697,916   

Mortgage-backed securities

     52,329,930        49,202,156   

Corporate bonds

     49,418,093        41,119,621   

Collective trust funds

     5,955,873        2,211,181   

Registered investment companies

     900,292        30,188,501   

Pending trades due from brokers

     5,352,357        —     

Other receivables

     131,812        1,602,354   

Other

     79,401        444,700   
  

 

 

   

 

 

 

Total assets

     358,670,001        411,022,540   

Pending trades due to brokers

     4,996,289        —     

Other payables

     622,409        1,898,145   
  

 

 

   

 

 

 

Total liabilities

     5,618,698        1,898,145   

Net assets, reflecting all investments at fair value

     353,051,303        409,124,395   
  

 

 

   

 

 

 

Adjustments from fair value to contract value for fully benefit-responsive investment contracts

     (7,154,023     (13,789,130
  

 

 

   

 

 

 

Net assets at contract value

   $ 345,897,280      $ 395,335,265   
  

 

 

   

 

 

 

The net investment gain in the Managed Income Fund for the year ended December 31, 2013, included interest income in the amount of $5,636,259.

At December 31, 2013, the contract value and fair value of fully benefit-responsive investment contracts was $344,996,988 and $352,151,011, respectively. At December 31, 2012, the Plan’s portion of the contract value and fair value of fully benefit-responsive investment contracts was $259,895,291 and $269,709,783, respectively. The fair value of fully benefit-responsive investment contracts excludes short term investments in registered investment companies of $900,292 and $21,486,838, respectively, at December 31, 2013 and 2012. The average yield for the portfolio of fully benefit-responsive investment contracts based on annualized earnings was 1.49% and 1.50% for 2013 and 2012, respectively. The average yield based on the interest rate credited to Participants at December 31, 2013 and December 31, 2012 was 1.44% and 1.57%, respectively. The crediting

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

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 interest crediting 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.

NextEra Energy, Inc. Stock Fund

The value of the Plan’s interest in the NextEra Energy, Inc. Stock Fund included in the statements of net assets available for benefits represents 100.00% and approximately 68.00% of the net assets of that fund at December 31, 2013 and 2012, respectively. The NextEra Energy, Inc. Stock Fund’s net assets available for benefits consisted of the following:

 

     December 31,  
     2013      2012  

Assets

     

Investments, at fair value:

     

Company Stock

   $ 375,171,456       $ 334,380,443   

Registered investment companies

     2,777,255         1,348,982   
  

 

 

    

 

 

 

Total investments

     377,948,711         335,729,425   
  

 

 

    

 

 

 

Other receivables

     53,933         1,984,739   
  

 

 

    

 

 

 

Total assets

     378,002,644         337,714,164   
  

 

 

    

 

 

 

Other liabilities

     111,882         117,197   
  

 

 

    

 

 

 

Net assets

   $ 377,890,762       $ 337,596,967   
  

 

 

    

 

 

 

The net investment income in the NextEra Energy, Inc. Stock Fund earned by the Master Trust for the year ended December 31, 2013, was comprised of interest and dividend income in the amount of $12,181,666 and net realized and unrealized appreciation in the fair value of Company Stock in the amount of $76,154,536.

Large Cap Growth Fund managed by T. Rowe Price

The value of the Plan’s interest in the Large Cap Growth Fund managed by T. Rowe Price (Large Cap Growth Fund) included in the statement of net assets available for benefits represents 100.00% and approximately 74.50% of the net assets of that fund at December 31, 2013 and 2012, respectively. The Large Cap Growth Fund’s net assets available for benefits consisted of the following:

 

     December 31,  
     2013      2012  

Assets

     

Investments, at fair value:

     

Common stocks

   $ 164,775,042       $ 115,874,431   

Collective trust funds

     1,475,717         624,681   

Non-interest bearing cash

     194,271         —      
  

 

 

    

 

 

 

Total investments

     166,445,030         116,499,112   
  

 

 

    

 

 

 

Other receivables

     585,489         958,558   
  

 

 

    

 

 

 

Total assets

     167,030,519         117,457,670   
  

 

 

    

 

 

 

Other liabilities

     479,569         481,593   
  

 

 

    

 

 

 

Net assets

   $ 166,550,950       $ 116,976,077   
  

 

 

    

 

 

 

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

The net investment income in the Large Cap Growth Fund earned by the Master Trust for the year ended December 31, 2013, was comprised of interest and dividend income in the amount of $871,052 and net realized and unrealized appreciation in the fair value of common stocks and collective trust funds in the amount of $50,369,516.

Mid-Cap Growth Fund managed by Friess Associates

During 2012 the Mid-Cap Growth Fund managed by Friess Associates was replaced with the Small Mid Cap Growth Fund managed by Delaware Investments. The majority of existing balances and future Participant elected contributions in the Mid-Cap Growth Fund managed by Friess Associates were transferred to the Small Mid Cap Growth Fund managed by Delaware Investments. The Mid-Cap Growth Fund managed by Friess Associates net assets available for benefits consisted of the following:

 

                     
     December 31,  
     2012  

Assets

  

Investments, at fair value:

  

Non-interest bearing cash

   $ 5,228   
  

 

 

 

Total investments

     5,228   
  

 

 

 

Total assets

     5,228   
  

 

 

 

Other liabilities

     5,228   
  

 

 

 

Net assets

   $ —     
  

 

 

 

Equity Income Fund managed by T. Rowe Price

The value of the Plan’s interest in the Equity Income Fund managed by T. Rowe Price included in the statement of net assets available for benefits represents 100.00% and approximately 74.70% of the net assets of that fund at December 31, 2013 and 2012, respectively. The Equity Income Fund managed by T. Rowe Price net assets available for benefits consisted of the following:

 

     December 31,  
     2013      2012  

Assets

     

Investments, at fair value:

     

Common stocks

   $ 83,783,061       $ 63,874,639   

Collective trust funds

     5,212,032         2,805,007   

Non-interest bearing cash

     265,288         —     
  

 

 

    

 

 

 

Total investments

     89,260,381         66,679,646   
  

 

 

    

 

 

 

Other receivables

     279,373         233,188   
  

 

 

    

 

 

 

Total assets

     89,539,754         66,912,834   
  

 

 

    

 

 

 

Other liabilities

     189,578         376,149   
  

 

 

    

 

 

 

Net assets

   $   89,350,176       $   66,536,685   
  

 

 

    

 

 

 

The net investment income in the Equity Income Fund managed by T. Rowe Price earned by the Master Trust for the year ended December 31, 2013, was comprised of interest and dividend income in the amount of $2,125,295 and net realized and unrealized appreciation in the fair value of common stocks and collective trust funds in the amount of $18,732,618.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

PIMCO Total Return Bond Fund

The value of the Plan’s interest in the PIMCO Total Return Bond Fund included in the statement of net assets available for benefits represents 100.00% and approximately 70.50% of the net assets of that fund at December 31, 2013 and 2012, respectively. The PIMCO Total Return Bond Fund net assets available for benefits consisted of the following:

 

     December 31,  
     2013      2012  

Assets

     

Investments, at fair value:

     

Registered investment companies

   $ 94,457,608       $ 135,568,113   

Collective trust funds

     —           593,640   
  

 

 

    

 

 

 

Total investments

     94,457,608         136,161,753   
  

 

 

    

 

 

 

Other receivables

     2,831,213         645,162   

Non-interest bearing cash

     105,997         —     

Total assets

     97,394,818         136,806,915   
  

 

 

    

 

 

 

Other liabilities

     189,752         284,464   
  

 

 

    

 

 

 

Net assets

   $ 97,205,066       $ 136,522,451   
  

 

 

    

 

 

 

The net investment income in the PIMCO Total Return Bond Fund earned by the Master Trust for the year ended December 31, 2013, was comprised of interest and dividend income in the amount of $4,545,297 and net realized and unrealized depreciation in the fair value of registered investment companies and collective trust funds in the amount of $6,882,847.

Small Mid Cap Growth Fund managed by Delaware Investments

The value of the Plan’s interest in the Small Mid Cap Growth Fund managed by Delaware Investments included in the statement of net assets available for benefits represents 100.00% and approximately 67.80% of the net assets of that fund at December 31, 2013 and 2012, respectively. The Small Mid Cap Growth Fund managed by Delaware Investments net assets available for benefits consisted of the following:

 

     December 31,  
     2013      2012  

Assets

     

Investments, at fair value:

     

Common stocks

   $ 70,407,480       $ 51,294,290   

Collective trust funds

     4,610,304         2,029,164   

Non-interest bearing cash

     352,757         14,293   
  

 

 

    

 

 

 

Total investments

     75,370,541         53,337,747   
  

 

 

    

 

 

 

Other receivables

     199,474         50,098   
  

 

 

    

 

 

 

Total assets

     75,570,015         53,387,845   
  

 

 

    

 

 

 

Other liabilities

     421,767         237,194   
  

 

 

    

 

 

 

Net assets

   $ 75,148,248       $ 53,150,651   
  

 

 

    

 

 

 

The net investment income in the Small Mid Cap Growth Fund managed by Delaware Investments earned by the Master Trust for the year ended December 31, 2013, was comprised of interest and dividend income in the amount of $605,638 and net realized and unrealized appreciation in the fair value of common stocks and collective trust funds in the amount of $21,077,530.

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

NextEra Energy, Inc. Stock LESOP Fund (Nonparticipant-Directed Allocated)

The value of the Plan’s interest in the NextEra Energy, Inc. Stock LESOP Fund included in the statements of net assets available for benefits represents 100.00% and approximately 75.40% of the net assets of that fund at December 31, 2013 and 2012, respectively. The NextEra Energy, Inc. Stock LESOP Fund’s net assets available for benefits consisted of the following:

 

     December 31,  
     2013      2012  

Assets

     

Investments, at fair value:

     

Company Stock

   $ 716,457,201       $ 600,359,831   

Registered investment companies

     6,436,000         5,169,315   
  

 

 

    

 

 

 

Total investments

     722,893,201         605,529,146   
  

 

 

    

 

 

 

Other receivables

     736         1,751   
  

 

 

    

 

 

 

Total assets

     722,893,937         605,530,897   
  

 

 

    

 

 

 

Other liabilities

     165,232         274,488   
  

 

 

    

 

 

 

Net assets

   $ 722,728,705       $ 605,256,409   
  

 

 

    

 

 

 

The NextEra Energy, Inc. Stock LESOP Fund’s changes in net assets available for benefits consisted of the following at December 31, 2013:

 

Additions:

  

Allocation of Leveraged ESOP Shares

   $ 45,602,156   

Earnings on investments:

  

Dividends

     22,501,060   

Net appreciation fair value of Company Stock

     141,705,929   
  

 

 

 

Total gain on investments

     164,206,989   
  

 

 

 

Total additions

     209,809,145   

Deductions:

  

Benefits paid to participants or beneficiaries

     53,233,395   

Account maintenance fees

     142,770   
  

 

 

 

Total deductions

     53,376,165   

Net increase

     156,432,980   
  

 

 

 

Transfers:

  

Transfers into the fund

     1,259,829   

Transfers out of fund

     (40,220,513
  

 

 

 

Net transfers

     (38,960,684

Net assets at December 31, 2012

     605,256,409   
  

 

 

 

Net assets at December 31, 2013

   $ 722,728,705   
  

 

 

 

 

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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2013 AND 2012

 

9.

Income Taxes

On November 14, 2013, the Internal Revenue Service (IRS) made a favorable determination that the Plan meets the requirements of Section 401(a) of the Code. 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. In addition, the Company will be able to claim an income tax deduction for dividends used to repay the Acquisition Indebtedness and for dividends on Company Stock distributed directly to Participants. Participants are given the option to receive dividend distributions in cash; all 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. 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, 2013 and 2012, 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; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations by the IRS for years prior to 2010.

 

10.

Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits included in the financial statements to Form 5500:

 

     December 31,  
     2013      2012  

Net assets available for benefits per the financial statements

   $ 3,375,892,653       $ 2,188,614,687   

Adjustments from fair value to contract value for fully benefit-responsive investment contracts

     7,154,023         9,814,492   
  

 

 

    

 

 

 

Net assets per Form 5500

   $ 3,383,046,676       $ 2,198,429,179   
  

 

 

    

 

 

 

The following is a reconciliation of net change in net assets available for benefits per the financial statements to the Form 5500:

 

     December 31,
2013
 

Net increase prior to transfers to the Plan, net and transfer related to the plan merger per the Statement of Changes in Net Assets Available for Benefits

   $ 304,305,192   

Plus: Current year adjustment to contract value for investments in fully benefit-responsive contracts

     7,154,023   

Less: Prior year adjustment to contract value for investments in fully benefit-responsive contracts

     (9,814,492
  

 

 

 

Net income per Form 5500

   $ 301,644,723   
  

 

 

 

In accordance with accounting guidance, the Plan presented the investments for fully benefit-responsive investment contracts at fair value on the statement of net assets available for benefits with a reconciling item adjusting back to contract value, which is not required on Form 5500.

 

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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, 2013

 

(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:

        
  

Antero Res Corp.

     8,600         **       $ 545,584   
  

Pioneer Natural Resources Co

     15,100         **         2,779,457   
  

Range Resources Corp

     36,253         **         3,056,490   
  

Ecolab Inc.

     14,900         **         1,553,623   
  

Praxair Inc.

     17,000         **         2,210,510   
  

Sherwin Williams Co

     10,700         **         1,963,450   
  

Vulcan Materials Co

     14,400         **         855,648   
  

Boeing Co

     32,400         **         4,422,276   
  

Danaher Corp

     56,800         **         4,384,960   
  

Fastenal Co

     24,500         **         1,163,995   
  

Flowserve Corp.

     13,200         **         1,040,556   
  

Precision Castparts Corp

     17,400         **         4,685,820   
  

United Technologies Corp

     9,800         **         1,115,240   
  

Wabtec

     17,800         **         1,322,006   
  

FedEx Corp

     20,300         **         2,918,531   
  

Kansas City Southern

     9,100         **         1,126,853   
  

United Continental Holdings Inc.

     53,500         **         2,023,905   
  

Tesla Motors Inc.

     6,400         **         962,432   
  

Dr. Horton Inc.

     69,400         **         1,549,008   
  

Fossil Group Inc.

     7,100         **         851,574   
  

LuLuLemon Athletica Inc.

     4,000         **         236,120   
  

Chipotle Mexican Grill Inc.

     3,750         **         1,997,925   
  

CTRIP.COM Intl Ltd Adr

     21,000         **         1,051,944   
  

Hilton Worldwide Holdings Inc.

     7,800         **         173,550   
  

Las Vegas Sands Corp

     45,000         **         3,549,150   
  

MGM Resorts International

     35,800         **         842,016   
  

Starbucks Corp

     35,800         **         2,806,362   
  

Wynn Resorts Ltd

     9,600         **         1,864,416   
  

Discovery Comm Inc. Cl C Non-Voting

     19,700         **         1,652,042   
  

Twenty First Century Fox Inc A

     55,000         **         1,934,900   
  

Amazon.com Inc.

     21,700         **         8,653,743   
  

Dollar Tree Inc.

     20,500         **         1,156,610   
  

Lowes Cos Inc.

     53,200         **         2,636,060   
  

Netflix Inc.

     3,900         **         1,435,863   
  

Priceline.Com Inc.

     4,480         **         5,207,552   
  

Tractor Supply Co.

     21,300         **         1,652,454   
  

Whole Foods Market Inc.

     22,600         **         1,306,958   
  

Green Mountain Coffee Roasters Inc.

     3,600         **         272,088   
  

Pepsico Inc.

     19,100         **         1,584,154   
  

Procter & Gamble Co

     25,100         **         2,043,391   
  

Cardinal Surgical Inc.

     21,700         **         1,449,777   
  

Intuitive Surgical Inc

     1,700         **         652,936   
  

McKesson Corp

     24,500         **         3,954,300   
  

Unitedhealth Group Inc.

     31,700         **         2,387,010   
  

Alexion Pharmaceuticals Inc.

     11,700         **         1,556,802   
  

Biogen Idec Inc.

     11,600         **         3,245,100   
  

Celgene Corp

     17,500         **         2,956,800   
  

Gilead Sciences Inc.

     92,400         **         6,943,860   
  

Regeneron Pharmaceuticals Inc.

     4,000         **         1,100,960   
  

Valenat Pharmaceuticals (USA)

     19,900         **         2,336,260   
  

Vertex Pharamaceuticals Inc.

     6,100         **         453,230   
  

Morgan Stanley

     66,600         **         2,088,576   
  

State Street Corp

     36,100         **         2,649,379   
  

TD Ameritrade Holding Corp

     73,100         **         2,239,784   
  

Akamai Technologies Inc.

     36,400         **         1,717,352   
  

Baidu Inc. Spon ADR

     12,000         **         2,134,560   
  

Cognizant Tech Solutions Class A

     23,500         **         2,373,030   
  

Ebay Inc.

     31,300         **         1,718,057   
  

Facebook Inc. Class A

     43,799         **         2,394,053   
  

Google Inc. Class A

     8,700         **         9,750,177   
  

Linkedin Corp Class A

     4,700         **         1,019,101   
  

Mastercard Inc. Class A

     5,050         **         4,219,073   
  

Netsuite Inc.

     6,800         **         700,536   
  

Red Hat Inc.

     24,700         **         1,384,188   
  

Salesforce.com Inc.

     41,700         **         2,301,423   
  

Servicenow Inc.

     15,600         **         873,756   
  

Twitter Inc

     4,600         **         292,790   
  

Vantiv Inc

     21,400         **         697,854   
  

Visa Inc. Class A

     14,300         **         3,184,324   
  

Workday Inc Class A

     8,900         **         740,124   
  

Apple Inc.

     4,950         **         2,777,495   
  

Juniper Networks Inc.

     138,100         **         3,116,917   
  

Qualcomm Inc.

     27,900         **         2,071,575   
  

Crown Castle Int’l Corp

     64,000         **         4,699,520   

 

23


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419, Plan #002

Schedule H Line 4i - Schedule of Assets (Held at end of year)

December 31, 2013

 

(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
 
  

Living Social.com CNV PFD F PP

     8,170         **         5,147   
  

GlaxoSmithKline PLC

     17,157         **         457,845   
  

VodaFone Group PLC

     92,000         **         361,063   
  

Telefonica SA

     16,977         **         276,410   
  

Potash Corp of Saskatchewan

     700         **         23,077   
  

Eni SPA

     7,594         **         182,719   
  

Anadarko Pertroleum Corp

     9,700         **         769,404   
  

Apache Corp

     18,400         **         1,581,296   
  

BP Plc Spon Adr

     10,000         **         486,100   
  

Chevron Corp

     16,400         **         2,048,524   
  

ConocoPhillips

     5,100         **         360,315   
  

Consol Energy Inc.

     16,600         **         631,464   
  

Diamond Offshore Drilling

     9,900         **         563,508   
  

Exxon Mobil Corp

     17,000         **         1,720,400   
  

Hess Corp

     12,200         **         1,012,600   
  

Murphy Oil Corp

     14,000         **         908,320   
  

Petrobras Sa Spons Adr

     35,000         **         482,300   
  

Royal Dutch Shell Spn Adr Class A

     17,800         **         1,268,606   
  

Schlumberger LTD

     10,000         **         901,100   
  

Talisman Energy Inc (Cana)

     16,700         **         194,555   
  

Dupont (EI) De Nemours & Co

     8,000         **         519,760   
  

International Paper Co

     24,700         **         1,211,041   
  

Meadwestvaco Corp

     12,300         **         454,239   
  

Newmont Mining Corp

     12,600         **         290,178   
  

Nucor Corp

     15,300         **         816,714   
  

Potash Corp of Saskatchewan

     1,500         **         49,440   
  

Potash Corp of Saskatchewan (US)

     8,400         **         276,864   
  

Vulcan Materials Co

     10,800         **         641,736   
  

Boeing Co

     7,600         **         1,037,324   
  

Deere & Co

     6,100         **         557,113   
  

Eaton Corp PLC

     6,720         **         511,526   
  

Emerson Electric Co

     15,600         **         1,094,808   
  

General Electric Co

     95,900         **         2,688,077   
  

Honeywell International Inc.

     12,800         **         1,169,536   
  

Illinois Tool Works Inc.

     15,300         **         1,286,424   
  

Joy Global Inc.

     8,400         **         491,316   
  

Masco Corporation

     22,200         **         505,494   
  

Stanley Black & Decker Inc.

     5,700         **         459,933   
  

USG Corp New

     12,000         **         340,560   
  

Xylem Inc.

     15,800         **         546,680   
  

Norfolk Southern Corp

     10,400         **         965,432   
  

United Continenal Holdings Inc.

     23,100         **         873,873   
  

United Parcel Service Inc. Class B

     9,600         **         1,008,768   
  

Ford Motor Co

     30,400         **         469,072   
  

General Motors Co

     13,873         **         566,990   
  

Johnson Controls Inc.

     12,300         **         630,990   
  

Mattel Inc.

     20,300         **         965,874   
  

Whirlpool Corp

     600         **         94,116   
  

Carnival Corp Paired CTF

     20,000         **         803,400   
  

Cablevision Sys Corp NY Group A

     22,600         **         405,218   
  

Comcast Corp Class A

     8,400         **         436,506   
  

Disney (Walt) Co

     6,400         **         488,960   
  

Madison Square Garden Co Class A

     6,400         **         368,512   
  

New York Time Co Class A

     20,400         **         323,748   
  

Time Warner Inc.

     15,300         **         1,066,716   
  

Genuine Parts Co

     6,000         **         499,140   
  

Kohls Corp

     17,600         **         998,800   
  

Macys Inc.

     11,400         **         608,760   
  

Staples Inc.

     40,700         **         646,723   
  

Tiffany & Co

     600         **         55,668   
  

Archer Daniels Midland Co

     22,800         **         989,520   
  

Campbell Soup Co

     18,300         **         792,024   
  

Coca Cola Co

     1,900         **         78,489   
  

McCormick & Co Inc. Non-Vtg

     5,100         **         351,492   
  

Pepsico Inc.

     9,200         **         763,048   
  

Avon Products Inc.

     31,100         **         535,542   
  

Clorox Co

     9,900         **         918,324   
  

Quest Diagnostics Inc.

     8,200         **         439,028   
  

Agilent Technologies Inc.

     4,700         **         268,793   
  

Bristol-Myers Squibb Co

     18,000         **         956,700   
  

Hospira Inc.

     7,500         **         309,600   
  

Johnson & Johnson

     14,200         **         1,300,578   
  

Merck & Co Inc. New

     20,400         **         1,021,020   
  

Pfizer Inc.

     37,700         **         1,154,751   
  

PNC Financial Services Group Inc.

     15,300         **         1,186,974   

 

24


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419, Plan #002

Schedule H Line 4i - Schedule of Assets (Held at end of year)

December 31, 2013

 

(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
 
  

Regions Financial Corp

     33,100         **         327,359   
  

Suntrust Banks Inc.

     23,400         **         861,354   
  

US Bancorp Del

     37,600         **         1,519,040   
  

Wells Fargo & Co

     40,900         **         1,856,860   
  

American Express Co

     11,000         **         998,030   
  

Bank of America Corporation

     88,100         **         1,371,717   
  

Bank of New York Mellon Corp

     600         **         20,964   
  

JPMorgan Chase & Co

     41,400         **         2,421,072   
  

Legg Mason Inc.

     19,100         **         830,468   
  

McGraw Hill Financial Inc.

     8,300         **         649,060   
  

Northern Trust Corp

     13,600         **         841,704   
  

Och-Ziff Capital Management Group LLC

     8,400         **         124,320   
  

Allstate Corporation

     18,400         **         1,003,536   
  

Chubb Corp

     4,500         **         434,835   
  

Lincoln National Corp

     9,200         **         474,904   
  

Loews Corp

     6,200         **         299,088   
  

Marsh & McLennan Cos Inc.

     23,400         **         1,131,624   
  

Sun Life Financial Inc.

     10,200         **         360,366   
  

Willis Group Holdings PLC

     6,100         **         273,341   
  

Weyerhaeuser Co

     20,100         **         634,557   
  

CA Inc.

     7,800         **         262,470   
  

Computer Sciences Corp

     11,300         **         631,444   
  

Microsoft Corp

     28,900         **         1,081,727   
  

Western Union Co

     18,300         **         315,675   
  

Apple Inc.

     2,000         **         1,122,220   
  

Cisco Systems Inc.

     32,400         **         727,380   
  

Corning Inc.

     45,600         **         812,592   
  

Harris Corp

     12,400         **         865,644   
  

Analog Devices Inc.

     12,800         **         651,904   
  

Applied Materials Inc.

     38,700         **         684,603   
  

Texas Instruments Inc.

     14,600         **         641,086   
  

AT&T Inc.

     36,100         **         1,269,276   
  

Centurylink Inc.

     12,782         **         407,107   
  

Verizon Communications Inc.

     15,400         **         756,756   
  

AES Corp

     23,800         **         345,338   
  

Duke Energy Corp

     14,350         **         990,294   
  

Entergy Corp

     11,800         **         746,586   
  

Exelon Corp

     21,400         **         586,146   
  

Firstenergy Corp

     11,900         **         392,462   
  

Nisource Inc.

     30,000         **         986,400   
  

Xcel Energy Inc.

     18,100         **         505,714   
  

Weyerhaeuser 6.375% PRP PC A

     800         **         44,520   
  

Logitech Intl SA Reg

     121,790         **         1,672,471   
  

Core Labroratories NV

     18,700         **         3,570,765   
  

Graco Inc.

     43,600         **         3,406,032   
  

Ritchie Bros Auctioneers (USA)

     87,200         **         1,999,496   
  

Expeditors International of Washington Inc.

     61,200         **         2,708,100   
  

Dineequity Inc.

     43,024         **         3,594,655   
  

Dunkin Brands Group Inc.

     29,900         **         1,441,180   
  

Interval Leisure Group Inc.

     59,500         **         1,838,550   
  

K12 Inc.

     87,800         **         1,909,650   
  

Sally Beauty Holdings Inc.

     109,200         **         3,301,116   
  

Ulta Salon Cosmetics & Frg Inc.

     24,000         **         2,316,480   
  

Abiomed Inc.

     82,800         **         2,214,072   
  

Athenahealth Inc.

     9,100         **         1,223,950   
  

Techne Corp

     38,123         **         3,609,104   
  

Affiliated Managers Group Inc.

     16,000         **         3,470,080   
  

MSCI Inc.

     87,500         **         3,825,500   
  

Commonwealth REIT

     104,800         **         2,442,888   
  

Blackbaud Inc.

     63,000         **         2,371,950   
  

Ellie Mae Inc.

     29,900         **         803,413   
  

Heartland Payment Systems Inc.

     79,700         **         3,972,248   
  

J2 Global Inc.

     81,700         **         4,085,817   
  

Neustar Inc. Class A

     58,800         **         2,931,768   
  

NIC Inc.

     85,100         **         2,116,437   
  

Verifone Systems Inc.

     96,000         **         2,574,720   
  

Verisign Inc.

     57,100         **         3,413,438   
  

SBA Communications Corp Class A

     40,000         **         3,593,601   

*

  

NextEra Energy (NextEra Energy, Inc. Stock Fund)

     4,381,820         **         375,171,456   

*

  

NextEra Energy (NextEra Energy, Inc. Stock LESOP Fund)

     8,367,872         127,072,647         716,457,201   

*

  

NextEra Energy (NextEra Energy, Inc. Stock LESOP – Unallocated)

     1,814,626         26,312,077         155,368,278   
        

 

 

    

 

 

 
  

Total Common Stock

        153,384,724       $ 1,565,962,519   
        

 

 

    

 

 

 

 

25


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419, Plan #002

Schedule H Line 4i - Schedule of Assets (Held at end of year)

December 31, 2013

 

(a)

  

(b)

Identity of issue, borrower, lessor, or

similar party

  (c)
Description of investment
including maturity date,
rate of interest, collateral,
par, or maturity value
    (d)
Cost
    (e)
Current value
 
  

Collective Trust Funds:

     

*

  

PIMCO Diversified Real Asset Trust

    838,462        **      $ 10,958,701   

*

  

BTC Equity Index C

    2,891,385        **        43,028,141   

*

  

BTC MSCI ACWI Index C

    3,355,063        **        36,874,161   

*

  

BTC Russell 3000 Index Fund C

    2,599,194        **        31,384,750   

*

  

BTC US Debt Index Fund C

    7,398,597        **        129,127,716   
  

Fisher Investments Emerging Markets Equity Collective Trust

    103,298        **        1,057,775   
  

Legg Mason Value Equity Collective Investment Fund

    4,878,407        **        71,371,091   
  

Thornburg International Equity Fund

    7,930,228        **        101,031,102   
  

Vanguard Target Retirement 2015 Trust II

    4,216,836        **        108,710,023   
  

Vanguard Target Retirement 2025 Trust II

    5,145,202        **        127,498,112   
  

Vanguard Target Retirement 2035 Trust II

    6,358,111        **        154,057,034   
  

Vanguard Target Retirement 2045 Trust II

    2,068,642        **        50,992,013   
  

Vanguard Target Retirement 2055 Trust II

    32,562        **        1,081,069   
  

Vanguard Target Retirement Income Trust II

    1,240,899        **        34,950,623   

*

  

SSBK Government STIF Fund (Managed Income Fund)

    5,955,873        **        5,955,873   

*

  

SSBK Government STIF Fund (Equity Income TRP Fund)

    5,205,079        **        5,205,079   

*

  

SSBK Government STIF Fund (Small Mid Cap Growth by Delaware)

    4,610,361        **        4,610,361   
  

SSBK Government STIF Fund (Large Cap Growth Fund)

    1,475,717        **        1,475,717   
      

 

 

   

 

 

 
  

Total Collective Trust Funds

      —        $ 919,369,341   
      

 

 

   

 

 

 
  

Registered Investment Companies – Mutual Funds:

     

*

  

Fidelity Low-Priced Stock Fund – Class K

    2,162,694        **      $ 106,880,359   
  

JPMorgan US Government Money Market Portfolio

    76,774,969        **        76,774,969   
  

Royce Premier Fund Institutional

    6,170,485        **        137,663,512   
  

Cohen & Steers Institutional Realty Shares

    1,551,034        **        63,235,651   
  

Eaton Vance Floating-Rate & High Income Fund Class I

    404,928        **        3,660,546   
  

Vanguard Prime Cap Core Fund

    2,044,073        **        39,736,782   

*

  

Fidelity Institutional Cash Portfolio (NextEra Energy, Inc. Stock Fund)

    2,777,255        **        2,777,255   

*

  

Fidelity Institutional Cash Portfolio (NextEra Energy, Inc. Stock LESOP Fund)

    6,436,000        6,436,000        6,436,000   

*

  

Fidelity Institutional Cash Portfolio (Managed Income Fund)

    900,292        **        900,292   
  

High Yield Portfolio Institutional Class

    267,220        **        2,049,577   
  

Pimco Asset Back Secs Port-Unl

    196,216        **        2,350,668   
  

Pimco Emmerg Mkts Fd Inst CL

    310,405        **        3,085,426   
  

Pimco Intl Port Fund (unlisted)

    1,788,807        **        8,139,072   
  

Pimco Inv Grd Corp Port (unlisted)

    1,411,716        **        14,808,899   
  

Pimco Mtg Port Instl Cl (unlisted)

    2,566,204        **        26,945,142   
  

Pimco Muni Sectr Port Instl Cl

    128,929        **        1,008,228   
  

Pimco Real Retrn Bd Fd Inst Cl

    1,446,796        **        12,789,679   
  

Pimco Short Term Port Instl Cl

    220,647        **        2,102,762   
  

Pimco Short Tm Flt Nav Port II

    563,271        **        5,638,344   
  

Pimco US Govt Sector Port Inst

    1,751,657        **        15,256,933   
  

Paps Sr Floating Rate Portfolio

    27,544        **        282,877   
      

 

 

   

 

 

 
  

Total Registered Investment Companies

      6,436,000      $ 532,522,973   
      

 

 

   

 

 

 
  

U.S. Treasury Notes:

     
  

UST NOTES 1.25% 10/31/18

    9,545,000        **      $ 9,372,189   
  

UST NOTES 0.25% 10/31/15

    23,886,000        **        23,862,588   
  

UST NOTE .875% 1/31/18

    6,434,000        **        6,332,399   
  

USTN .750% 6/30/17

    2,199,000        **        2,175,681   
  

USTN .875% 4/30/17

    30,729,000        **        30,679,023   
  

USTN .875% 11/30/16

    22,884,000        **        22,973,116   
  

USTN 1% 9/30/16

    23,150,000        **        23,399,905   
  

USTN 1.75% 7/31/15

    6,391,000        **        6,586,842   
  

USTN 1.875% 6/30/15

    3,542,000        **        3,627,967   
  

USTN 2.5% 4/30/15

    13,430,000        **        13,892,499   
  

USTN 1.5% 12/31/18

    5,546,000        **        5,480,699   
  

UST NOTES 0.625% 12/15/16

    20,420,000        **        20,341,401   
      

 

 

   

 

 

 
  

Total U.S. Treasury Notes

      —        $ 168,724,309   
      

 

 

   

 

 

 
  

Government Agency Notes:

     
  

NCUA GTD NTS MA 1.4% 6/12/15

    470,000        **      $ 477,599   
  

FNMA 1.625% 10/26/15

    1,091,000        **        1,118,040   
  

FHLMC .75% 1/12/18

    558,000        **        544,833   
  

FHLMC 1.25% 5/12/17

    3,055,000        **        3,080,138   
  

FNMA 1.625% 11/27/18

    4,626,000        **        4,592,358   
  

FNMA 1.875% 09/18/18

    6,729,000        **        6,815,109   
  

FNMA 0.625% 8/26/16

    5,393,000        **        5,398,806   
  

FNMA .875% 2/8/18

    1,456,000        **        1,423,771   
  

FNMA .5% 9/28/15

    3,791,000        **        3,802,595   
  

FNMA 0.5% 7/02/15

    3,684,000        **        3,701,967   
  

BRIT COLMB PROV 2.1% 5/18/16

    1,085,000        **        1,123,022   
  

BRITISH COLMB PRO 1.2% 4/25/17

    1,530,000        **        1,540,379   
  

CANADA GOVT .875% 2/14/17

    395,000        **        396,290   
      

 

 

   

 

 

 
  

Total Government Agency Notes

      —        $ 34,014,907   
      

 

 

   

 

 

 

 

26


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419, Plan #002

Schedule H Line 4i - Schedule of Assets (Held at end of year)

December 31, 2013

 

(a)

  

(b)

Identity of issue, borrower, lessor, or

similar party

   (c)
Description of investment
including maturity date,
rate of interest, collateral,
par, or maturity value
     (d)
Cost
     (e)
Current value
 
  

Mortgage Backed Securities:

        
  

WFCM 2013-LC12 A1 1.676% 7/46

     619,036         **       $ 620,356   
  

WBCMT 2007-C31A A2 5.421% 4/47

     168,781         **         169,738   
  

WBCMT 2006-C29 A1A 5.297 11/48

     310,984         **         342,276   
  

WBCMT 2006-C26 A1A CSTR 6/45

     434,829         **         478,202   
  

WBCMT 05-C16 APB 4.692% 10/41

     49,994         **         50,341   
  

WBCMT 2006-C25 A5 CSTR 5/43

     180,000         **         197,689   
  

WBCMT 06-C24 A1A CSTR 3/45

     377,721         **         409,969   
  

WBCMT 2006-C23 A5 CSTR 1/45

     680,000         **         735,588   
  

WBCMT 06-C23 A1A CSTR 1/45

     635,262         **         687,056   
  

WFRBS 13-C13 A1 0.778% 5/45

     155,243         **         153,879   
  

BACM 2006-4 A1A CSTR 7/46

     608,737         **         672,222   
  

WFRBS 2013-C11 A1 .799% 03/45

     114,725         **         113,837   
  

WFRBS 2012-C8 A2 1.881% 8/45

     360,000         **         360,568   
  

WFRBS 2012-C8 A1 .864% 8/45

     181,779         **         180,922   
  

WFRBS 2011-C5 A1 1.456 11/44

     76,914         **         77,506   
  

BSCMS 05-T18 A4 4.933% 2/42

     530,819         **         552,038   
  

BSCMS 05-PWR8 A4 4.674 6/41

     383,753         **         400,585   
  

BSCMS 2006-T22 A1A CSTR 4/38

     631,014         **         687,399   
  

BSCMS 06-PW12 A1A CSTR 9/38

     461,710         **         506,947   
  

BSCMS 2006-PW13 A1A 5.533 9/41

     597,508         **         656,759   
  

WFRBS 2013-C14 A2 2.133% 6/46

     150,000         **         149,897   
  

WFRBS 13-C14 A1 .836% 6/15/46

     149,331         **         147,878   
  

UBSBB 2013-C6 A1 .805% 4/46

     214,470         **         212,779   
  

UBSBB 2012-C4 A1 .6728 12/45

     210,812         **         209,997   
  

UBSCM 2012-C1 A2 2.180% 5/45

     330,000         **         336,457   
  

CD 2005-CD1 A4 CSTR 7/44

     230,000         **         244,876   
  

CD 06-CD2 A1B CSTR 1/46

     986,193         **         1,060,526   
  

CD 2007-CD5 A1A 5.8% 11/44

     644,465         **         722,357   
  

COMM 2012-CR5 A1 0.673% 12/45

     243,247         **         241,338   
  

COMM 2012-CR1 A1 1.116% 5/45

     112,476         **         112,756   
  

COMM 2012-CR1 A2 2.35% 5/45

     320,000         **         326,002   
  

COMM 2012-CR2 A1 .824% 08/45

     127,863         **         127,464   
  

COMM 2013-CR9 A1 1.3440% 7/45

     151,492         **         152,003   
  

UBSCM 2012-C1 A1 1.032% 5/45

     168,925         **         169,751   
  

UBSBB 2012-C2 A1 1.006% 5/63

     285,559         **         286,561   
  

MSBAM 2012-C5 A1 .916% 8/45

     312,896         **         313,934   
  

MSC 2006-HQ9 A4 CSTR 7/44

     341,312         **         373,330   
  

MSC 2006-IQ11 A1A CSTR 10/42

     657,848         **         716,117   
  

MLCFC 2006-3 A4 CSTR 7/46

     1,438,339         **         1,565,592   
  

MLMT 2006-C2 A1A CSTR 8/43

     557,375         **         614,346   
  

MLMT 05-CKI1 A1A CSTR 11/37

     168,112         **         179,450   
  

LBUBS 05-C1 A1A 4.581% 2/15/30

     444,486         **         458,610   
  

LBUBS 2005-C1 AAB CSTR 2/30

     37,306         **         37,403   
  

LBUBS 2004-C8 4.799% 12/29

     337,727         **         344,356   
  

LBUBS 2006-C6 A4 5.372% 9/39

     130,000         **         142,187   
  

JPMCC 2013-C10 .7302% 12/15/47

     182,663         **         181,130   
  

CGCMT 2006-C5 A4 5.431 10/49

     330,000         **         361,533   
  

CGCMT 13-GC11 A1 0.672% 12/17

     265,007         **         263,369   
  

JPMCC 2011-C5 A1 1.600% 8/46

     262,981         **         265,498   
  

JPMCC 2012-C6 A2 2.2058% 5/45

     370,000         **         377,388   
  

JPMCC 2012-C6 A1 1.0305% 5/45

     258,915         **         259,004   
  

COMM 2006-C8 A4 0 12/46

     490,000         **         536,022   
  

COMM 2006-C7 A1A CSTR 6/46

     698,822         **         764,731   
  

COMM 2013-LC6 A1 .7240% 1/46

     195,224         **         193,638   
  

JPMCC 2007-LD11 A2 CSTR 6/49

     128,475         **         130,091   
  

JPMCC 2006-CB16 A1A 5.546 5/45

     926,878         **         1,020,230   
  

JPMCC 2006-LDP7 A1A CSTR 4/45

     724,901         **         799,748   
  

DBUBS 2011-LC3A A1 2.238 8/44

     59,861         **         60,597   
  

JPMCC 2005-LDP2 A3 4.697 7/42

     113,515         **         115,875   
  

GECMC 2006-C1 A1A CSTR 3/44

     339,097         **         366,572   
  

GECMC 2006-C1 A4 CSTR 3/44

     520,000         **         559,247   
  

GECMC 2005-C2 A4 CSTR 5/43

     920,000         **         961,307   
  

GSMS 2006-GG8 A1A 5.547 11/39

     406,302         **         447,051   
  

GSMS 2006-GG6 A1A CSTR 4/38

     325,588         **         352,925   
  

GSMS 2006-GG6 A2 5.506% 4/38

     15,284         **         15,351   
  

GSMS 04-GG2 A6 CSTR 8/38

     309,913         **         314,410   
  

GSMS 2013-GC12 A1 VAR 06/46

     254,188         **         252,145   
  

GSMS 2013-GC10 A2 1.84% 2/46

     160,000         **         159,494   
  

GSMS 2013-GC10 A1 .696% 2/46

     59,169         **         58,831   
  

GSMS 2012-GC6 A1 1.282% 1/45

     87,411         **         87,806   
  

GSMS 2011-GC5 A1 CSTR 8/44

     182,793         **         184,146   
  

GMACC 2004-C2 A4 5.301% 8/38

     356,398         **         361,492   
  

GNMA 15YR 4% 10/24#710940

     —           **         357   
  

GNMA 15YR 4% 06/25#676681

     —           **         553   

 

27


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419, Plan #002

Schedule H Line 4i - Schedule of Assets (Held at end of year)

December 31, 2013

 

(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
 
  

GNMA 30YR 5.5% 06/35#783800

     155,213         **         172,283   
  

GNMA 15YR 4.00% 1/25 #723552

     —           **         540   
  

GNMA 15YR 4% 03/25#737348

     —           **         348   
  

GNMA 15YR 4% 05/25#737261

     —           **         548   
  

GNMA 15YR 4% 04/25#737164

     —           **         406   
  

GNR 13-41 PA 2.5% 04/40

     469,844         **         470,952   
  

GNR 2013-37 F 0.4712% 3/20/43

     245,831         **         244,743   
  

G2SF 12-149 LF 1ML+25 12/42

     382,741         **         380,352   
  

GNR 2012-149 MF 1ML+25 12/42

     921,343         **         915,578   
  

GNR 2013-9 F VAR 1ML+25 1/43

     663,850         **         662,260   
  

CFGNR 2011-150 D 3% 4/37

     106,723         **         108,644   
  

GNR 2010-120 FB 1ML+30 9/35

     243,654         **         244,589   
  

GNR 2010-112 PM 3.25% 9/33

     74,383         **         75,414   
  

GNR 2010-99 PT 3.5% 8/33

     96,111         **         97,484   
  

FHR 3659 EJ 3% 6/18

     293,193         **         302,423   
  

FNR 2010-143 B 3.5% 12/25

     170,187         **         178,450   
  

FNR 2010-135 DE 2.25% 4/24

     228,173         **         232,607   
  

FHR 3741 HD 3% 11/15/39

     244,485         **         250,419   
  

FNR 2010-123 DL 3.5% 11/25

     106,636         **         111,221   
  

FNR 2011-23 AB 2.75% 6/25/20

     142,394         **         147,388   
  

FNR 2008-95 AD 4.5% 12/23

     296,388         **         310,850   
  

FNR 2008-29 BG 4.7% 12/35

     91,495         **         95,763   
  

FHR 3117 JF 1ML+30 2/36

     213,621         **         214,047   
  

FHR 2866 XE 4 12/18

     59,980         **         61,189   
  

FNR 2005-106 UF 1ML+30 11/35

     192,480         **         193,177   
  

FNR 2005-90 FC 1ML+25 10/35

     199,276         **         199,673   
  

FNR 2003-74 PG 4.5% 8/18

     128,087         **         135,905   
  

FNR 2002-56 MC 5.5% 9/17

     18,042         **         18,951   
  

FHR SER 4221 CLS GA 1.4% 7/23

     1,019,891         **         1,017,978   
  

FHR 4176 BA 3% 2/33

     380,270         **         391,201   
  

FHR 4181 LA 3% 3/37

     531,814         **         541,068   
  

FHR 3820 DA 4% 11/35

     274,289         **         290,942   
  

FHR 3763 QA 4% 4/34

     289,282         **         304,865   
  

FHR 3696 AE 1.2% 7/15

     80,664         **         81,056   
  

FHR 4046 LA 3% 11/2026

     729,678         **         742,196   
  

FHR 3943 EF 1ML+25 2/26

     329,784         **         329,972   
  

FHR 2011-3938 BE 2% 10/21

     524,334         **         530,440   
  

FNR 2012-15 FP 1ML+38 6/40

     592,385         **         594,660   
  

FNR 2011-88 AB 2.5% 9/26

     190,481         **         195,876   
  

FNR 2013-16 GP 3% 03/33

     750,000         **         770,864   
  

FNR 2013-9 FA 1ML+35 03/42

     951,875         **         952,298   
  

FHR 2382 MB 6% 11/16

     35,513         **         37,476   
  

FHR 2394 KD 6% 12/16

     17,014         **         17,888   
  

FHR 2417 EH 6% 2/17

     12,556         **         13,322   
  

FHLG 5.50% 5/34 #Z40042

     1,240,542         **         1,366,640   
  

FHLM ARM 4.199% 8/36 #848185

     37,749         **         40,199   
  

FHLG 15YR 4.50% 11/18 #B10931

     46,605         **         49,569   
  

FHLM ARM 4.889% 3/33 #847126

     1,170         **         1,243   
  

FHLG 15YR 4.50% 8/18 #E98688

     152,508         **         162,207   
  

FHLG 15YR 4.50% 9/18 #E99205

     55,426         **         58,951   
  

FHLG 15YR 4.50% 10/18 #E99833

     75,720         **         80,536   
  

FHLM ARM 3.53% 4/40 #1B4657

     96,261         **         102,594   
  

FHLM ARM 3.58% 4/40 #1B4702

     70,370         **         74,572   
  

FHLM ARM 4.68% 1/36 #847584

     22,941         **         24,430   
  

FHLM ARM 3.88% 1/35 #848084

     18,980         **         19,905   
  

FHLM ARM 5.084% 8/35 #1J0005

     19,608         **         20,735   
  

FHLG 7.50% 7/34 #G02115

     223,202         **         263,230   
  

FHLG 15YR 5.00% 3/19 #G13052

     211,133         **         224,065   
  

FHLG 15YR 4.00% 7/24 #G13596

     —           **         1,050   
  

FHLG 15YR 5.00% 4/20 #G13598

     293,445         **         311,864   
  

FHLG 15YR 3.50% 1/26 #G14312

     222,689         **         233,223   
  

FHLG 15YR 4.00% 9/25 #G14376

     —           **         841   
  

FHLG 15YR 3.50% 4/27 #G14449

     618,097         **         647,819   
  

FHLG 15YR 3.50% 10/26 #G14450

     —           **         7,693   
  

FHLG 15YR 4.00% 6/24 #G18312

     —           **         1,256   
  

FHLG 25YR 5.50% 7/35 #G05815

     113,229         **         124,773   
  

FHLM ARM 4.941% 11/35 #1J1228

     86,175         **         91,350   
  

FHLG 10YR 3.00% 8/21 #J16393

     236,365         **         245,579   
  

FHLG 10YR 3.00% 8/21 #J16442

     210,547         **         218,755   
  

FHLM ARM 5.78% 10/35 #1N0063

     10,674         **         11,372   
  

FHLM ARM 5.37% 12/35 #1N0106

     67,184         **         70,402   
  

FHLM ARM 3.717% 05/41#1B8124

     70,251         **         74,524   
  

FHLM ARM 3.224% 4/41#1B8179

     50,612         **         53,287   
  

FHLM ARM 3.464% 5/1/41#1B8304

     53,337         **         56,422   
  

FHLM ARM 3.627% 6/1/41#1B8372

     72,063         **         76,427   

 

28


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419, Plan #002

Schedule H Line 4i - Schedule of Assets (Held at end of year)

December 31, 2013

 

(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 3.283 6/1/41

     66,251         **         69,733   
  

FHLM ARM 2.98% 8/41 #1B8533

     178,666         **         187,477   
  

FHLM ARM 3.07% 9/41 #1B8608

     97,399         **         102,417   
  

FHLM ARM 3.242% 9/1/41#1B8659

     42,169         **         44,298   
  

FHLG 5.50% 3/34 #G01665

     167,867         **         185,021   
  

FHLG 15YR 5.50% 4/18 #G11389

     64,448         **         68,219   
  

FHLG 15YR 4.00% 9/25 #E02787

     298,060         **         318,079   
  

FHLG 15YR 4.00% 4/26 #E02867

     159,487         **         169,601   
  

FNMA ARM 11/40#AE6806

     40,968         **         43,038   
  

FNMA 15YR 4.00% 7/19 #AE0968

     732,765         **         778,344   
  

FNMA 6.50% 8/36 #AE0746

     100,424         **         113,122   
  

FNMA ARM 3.60% 3/40 #AD1555

     128,696         **         136,238   
  

FNMA ARM 3.47% 3/40 #AD0820

     101,025         **         106,435   
  

FNMA 6.50% 12/35 #AD0723

     127,330         **         144,100   
  

FNMA ARM 2.42% 11/36 #AD0710

     15,265         **         16,234   
  

FNMA ARM 4.285% 7/33#AD0066

     38,123         **         39,940   
  

FNMA ARM 2.61% 4/35 #995609

     39,295         **         41,835   
  

FNMA ARM 4.512% 12/36 #995606

     120,482         **         128,304   
  

FNMA ARM 4.55% 10/35 #995415

     393,427         **         416,977   
  

FNMA ARM 4.53% 10/35 #995414

     98,259         **         104,135   
  

FNMA ARM 4.58% 7/35 #995273

     43,593         **         46,422   
  

FNMA ARM 4.898% 5/35 #995272

     10,754         **         11,357   
  

FNMA ARM 4.30% 2/35 #995017

     850,638         **         900,996   
  

FNMA ARM 4.21% 5/35 #889946

     103,365         **         109,382   
  

FNMA 15YR 4.50% 7/20 #888653

     37,641         **         40,147   
  

FNMA 6.50% 8/36 #888544

     111,234         **         125,323   
  

FNMA 6.50% 8/36 #888034

     32,256         **         36,417   
  

FNMA ARM 6.25% 6/36 #886983

     7,204         **         7,594   
  

FNMA ARM 4.893% 10/35 #847787

     8,047         **         8,437   
  

FNMA ARM 5.280% 3/35 #843014

     12,644         **         13,217   
  

FNMA ARM 5.349% 12/34 #843013

     9,208         **         9,607   
  

FNMA ARM 5.344% 7/35 #834917

     4,018         **         4,200   
  

FNMA ARM 5.12% 6/35 #823810

     17,192         **         18,310   
  

FNMA ARM 4.653% 3/35 #816322

     1,862         **         1,922   
  

FNMA ARM 4.293% 3/35 #815586

     7,560         **         8,033   
  

FNMA ARM 4.53% 12/34 #802852

     71,141         **         74,777   
  

FNMA ARM 5.05% 7/34 #801635

     6,547         **         6,895   
  

FNMA ARM 3.752% 10/33 #755148

     15,078         **         15,650   
  

FNMA ARM 4.358% 10/33 #754672

     5,727         **         5,963   
  

FNMA ARM 3.753% 10/33 #746320

     15,092         **         15,847   
  

FNMA 15YR 4.50% 6/19 #745278

     85,853         **         91,568   
  

FNMA 6.50% 7/35 #745092

     24,002         **         26,984   
  

FNMA 6.50% 12/32 #735415

     22,761         **         25,702   
  

FNMA ARM 4.68% 11/34 #735011

     72,510         **         76,758   
  

FNMA 15YR 4.00% 8/18 #727438

     90,683         **         96,323   
  

FNMA ARM 3.984% 5/33 #703915

     1,691         **         1,781   
  

FNMA ARM 4.801% 2/33 #695019

     9,041         **         9,410   
  

FNMA 15YR 7.00% 11/18 #555999

     2,124         **         2,239   
  

FNMA 6.50% 7/32 #545762

     22,734         **         25,673   
  

FNMA 6.50% 7/32 #545759

     38,212         **         43,151   
  

FNMA 15YR 6.00% 12/16 #545375

     5,268         **         5,548   
  

FNMA 15YR 6.50% 8/15 #535511

     8,852         **         9,128   
  

FNMA ARM 06/42#AO2244

     68,766         **         70,510   
  

FNMA 15YR 3.50% 5/27 #AL1751

     —           **         666   
  

FNMA 15YR 3.50% 3/27 #AL1746

     962,535         **         1,011,063   
  

FNMA 15YR 3.50% 5/27 #AL1741

     —           **         1,216   
  

FNMA 15YR 3.50% 1/26 #AL1168

     240,704         **         252,764   
  

FNMA ARM 2.57% 10/41 #AH5261

     193,365         **         201,358   
  

FNMA ARM 2.69% 9/41 #AH5260

     252,330         **         264,050   
  

FNMA ARM 10/41#AJ3399

     19,182         **         20,056   
  

FNMA ARM 09/41#AI9813

     47,168         **         49,267   
  

FNMA ARM 3.365% 10/41#AI6819

     40,634         **         42,824   
  

FNMA ARM 3.545% 07/41#AI6050

     84,254         **         89,201   
  

FNMA ARM 3.01% 8/41 #AI4358

     58,303         **         60,771   
  

FNMA ARM 3.228% 7/41#AI3469

     75,753         **         79,876   
  

FNMA 15YR 6.50% 5/14 #323788

     165         **         167   
  

FNMA 5.50% 11/34 #310105

     897,130         **         991,859   
  

FNMA 15YR 6.00% 12/17 #254547

     1,658         **         1,770   
        

 

 

    

 

 

 
  

Total Mortgage Backed Securities

                —         $ 52,329,930   
        

 

 

    

 

 

 
  

Corporate Bonds:

        
  

WPACBKG 1.6% 1/12/18

     402,000         **       $ 398,865   
  

WPACBKG 0.95% 01/12/16

     402,000         **         404,459   
  

WESTPAC BANKING CRP 2% 8/14/17

     703,000         **         712,265   
  

WELLS FARGO BK .75% 7/20/15

     756,000         **         760,676   

 

29


Table of Contents

NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN

EIN: 59-2449419, Plan #002

Schedule H Line 4i - Schedule of Assets (Held at end of year)

December 31, 2013

 

(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
 
  

WELLS FARGO&COM 3.676% 6/15/16

     650,000         **         699,076   
  

WELLS FARGO & CO 2.15% 1/15/19

     642,000         **         642,054   
  

APPLE INC 1% 5/3/18

     1,388,000         **         1,343,706   
  

AUSTRALIA & NZ 1.875% 10/06/17

     393,000         **         394,332   
  

AUSTRALIA & NZ BK .9% 2/12/16

     574,000         **         575,321   
  

AUSTRALIA & NZ 1.45% 5/15/18

     370,000         **         358,591   
  

WELLS FARGO & CO 1.25% 2/13/15

     1,485,000         **         1,504,376   
  

BANK MONTREAL MTN 2.5% 1/11/17

     390,000         **         406,204   
  

BANK OF MONTREL 2.375% 1/25/19

     400,000         **         401,025   
  

BANK OF NY MTN 2.4% 1/17/17

     930,000         **         961,647   
  

BK NOVA SCOTIA 1.375 12/18/17

     603,000         **         591,786   
  

WELLS FARGO MTN 3.625% 4/15/15

     219,000         **         229,465   
  

WAL-MART STORES 1.125% 4/18

     762,000         **         741,072   
  

WAL MART STORES 2.8% 4/15/16

     690,000         **         726,725   
  

WAL MART STORES 2.25% 7/08/15

     434,000         **         450,174   
  

TOYOTA MOTOR CR 2% 10/24/18

     700,000         **         702,033   
  

BERKSHIRE HATH FIN 1.6 5/15/17

     496,000         **         501,608   
  

BERK HATH INC 1.9% 1/31/17

     740,000         **         762,668   
  

TOYOTA MOT CRD 1.25% 11/17/14

     580,000         **         585,705   
  

TOTAL CAP INTL 1.55% 6/28/17

     390,000         **         389,982   
  

TOTAL CAPITAL SA 1.5% 2/17/17

     390,000         **         392,858   
  

TOTAL CAP CDA L 1.45% 01/15/18

     416,000         **         413,858   
  

TORONTO DOMINI 2.625% 09/10/18

     754,000         **         774,701   
  

TORONTO DOM 1.4% 4/30/18

     760,000         **         740,906   
  

TORONTO DOMINI 2.375% 10/19/16

     767,000         **         799,906   
  

TORONTO DOM BK 2.5% 7/14/16

     717,000         **         751,991   
  

TENN VLY AUTH 1.75% 10/15/18

     569,000         **         567,767   
  

SUMITOMO MITSUI BKG 1.8% 7/17

     944,000         **         944,213   
  

SHELL INTL FIN 1.125% 8/21/17

     590,000         **         584,028   
  

SANOFI AVENTIS 2.625% 3/29/16

     366,000         **         383,019   
  

SAN DIEGO G&E 3% 8/15/21

     550,000         **         547,510   
  

ROYAL BANK CAN 1.45% 09/09/16

     329,000         **         335,092   
  

ROYAL BK CANADA 2.3% 7/20/16

     213,000         **         222,371   
  

ROYAL BK CDA 2.2% 7/27/18

     769,000         **         778,880   
  

ROYAL BK CAN GL 1.5% 01/14/18

     603,000         **         595,103   
  

ROYAL BK CDA GBL .8% 10/30/15

     451,000         **         452,723   
  

ROYAL BK CAN GL .85% 03/08/16

     550,000         **         550,670   
  

CHEVRON CORP NE 1.104% 12/5/17

     740,000         **         723,986   
  

CHEVRON CORP 0.889% 06/24/16

     162,000         **         162,413   
  

RABOBANK NDL 1.7% 3/19/18

     760,000         **         753,902   
  

PROCTER & GAMBLE 1.6% 11/15/18

     689,000         **         679,666   
  

PROCTER & GAMBLE 1.8% 11/15/15

     330,000         **         338,385   
  

PEPSICO INC 7.9% 11/01/18

     335,000         **         422,953   
  

NATIONAL AUSTR NY BR 2% 3/9/15

     390,000         **         399,348   
  

COCA-COLA CO 1.15% 3/5/18

     760,000         **         740,169   
  

COCA-COLA CO 1.65% 11/1/18

     760,000         **         751,707   
  

COLGATE-PALMOLIVE 0.9% 5/1/18

     483,000         **         461,846   
  

MIDAMERICAN ENE 2.4% 03/15/19

     750,000         **         759,931   
  

MICROSOFT CORP 1.625% 12/06/18

     1,000,000         **         986,967   
  

MICROSOFT CORP .875% 11/15/17

     117,000         **         115,271   
  

COMMONWEALTH NY 1.95% 3/16/15

     970,000         **         991,727   
  

RABOBNK NEDRLD MTN 2.125 10/15

     192,000         **         197,833   
  

CREDIT SUIS(NY)MTN 3.5 3/23/15

     300,000         **         313,458   
  

MANITOBA (PROV) 1.125% 6/1/18

     950,000         **         927,622   
  

DEUTSCHE BK AG 3.25% 1/11/16

     670,000         **         710,975   
  

JPMORGAN CHASE 3.15% 7/05/16

     481,000         **         511,646   
  

JPMORGAN CHASE CO 3.4% 6/24/15

     353,000         **         366,803   
  

JPMC CO MTN 3.7% 1/20/15

     170,000         **         178,118   
  

JPMC CO MTN 1.875% 3/20/15

     1,950,000         **         1,986,618   
  

INTL FIN CORP .875% 06/15/18

     1,321,000         **         1,275,317   
  

IBRD 0.5% 04/15/2016

     2,491,000         **         2,489,686   
  

HSBC USA INC 2.625% 09/24/18

     198,000         **         202,639   
  

HSBC USA INC 2.375% 2/13/15

     1,277,000         **         1,314,635   
  

GENERAL ELE CAP CR 1.5 7/12/16

     2,070,000         **         2,106,317   
  

GENERAL ELEC CAP 1.0% 1/8/16

     483,000         **         486,503   
  

GE-ELE CAP CORP 1.625% 7/2/15

     1,099,000         **         1,125,740   
  

GENERAL ELEC MTN3.35% 10/17/16

     570,000         **         609,418   
  

GENERAL ELEC 2.95% 5/09/16

     102,000         **         107,219   
  

GE CAP CORP 2.25% 11/9/15

     342,000         **         353,580   
  

GE CAP MTN 3.5% 6/29/15

     355,000         **         370,556   
  

GE-CORP .85% 10/09/15

     413,000         **         415,728   
        

 

 

    

 

 

 
  

Total Corporate Bonds

                —         $ 49,418,093   
        

 

 

    

 

 

 

 

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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, 2013

 

(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
 
  

Asset Backed Securities:

        
  

WOLS 2013-A A3 1.10% 12/16

     700,000         **       $ 702,831   
  

ALLYL 2012-SN1 A3 .57% 8/20/15

     980,000         **         980,563   
  

ALLYA 2013-1 A3 .63% 5/15/17

     945,000         **         945,247   
  

AMXCA 2012-2 A .68% 3/18

     1,910,000         **         1,914,021   
  

AMXCA 2013-3 A .98% 05/19

     696,000         **         694,796   
  

AMXCA 2012-5 A 0.59% 5/18

     2,770,000         **         2,769,425   
  

WOART 2013-A A3 .64% 4/16/18

     320,000         **         319,759   
  

WOART 2012-A A3 0.64% 2/17

     510,000         **         510,835   
  

VALET 2013-2 A3 0.7% 04/18

     752,000         **         750,837   
  

VWALT 2013-A A3 0.84% 07/16

     490,000         **         492,129   
  

VALET 2013-1 A3 .56% 8/17

     570,000         **         569,368   
  

TAOT 2013-A A3 .55% 01/17

     420,000         **         420,046   
  

SLMA 2012-7 A2 1ML+28 9/19

     370,000         **         368,762   
  

NEF 2005-1 A5 4.74% 10/45

     133,337         **         131,249   
  

NAROT 2013-B A3 0.84% 11/17

     660,000         **         661,927   
  

NALT 2013-A A3 .61% 04/16

     750,000         **         750,102   
  

NALT 2012-B A4 0.74% 9/18

     199,000         **         199,238   
  

NAROT 2013-A A3 .50% 5/17

     710,000         **         709,789   
  

MBART 2013-1 A3 0.78% 08/17

     470,000         **         471,205   
  

MBALT 2013-A A3 .59% 02/16

     680,000         **         680,560   
  

MBALT 2013-B A3 0.62% 07/16

     580,000         **         580,258   
  

HART 2013-C A3 1.01% 02/18

     210,000         **         211,018   
  

BMWLT 2013-1 A3 .54% 09/15

     393,000         **         393,083   
  

HART 2013-B A3 .71% 09/17

     660,000         **         661,066   
  

HART 2013-A A3 0.56% 7/17

     570,000         **         570,076   
  

HAROT 2013-2 A3 .53% 2/17

     270,000         **         269,856   
  

HAROT 2013-1 A3 .48% 12/15

     950,000         **         949,628   
  

HAROT 2013-3 A3 0.77% 05/17

     450,000         **         451,169   
  

GEMNT 2012-5 A 0.95% 6/15/18

     980,000         **         982,082   
  

GEMNT 2012-1 A 1.03% 1/18

     730,000         **         732,349   
  

GEMNT 2009-4 A 3.8% 11/17

     660,000         **         678,436   
  

FORDL 2013-B A3 .76% 09/16

     290,000         **         290,015   
  

FORDO 2013-B A3 .57% 6/16

     480,000         **         479,658   
  

COMET 2013-A1 A1 .63% 11/18

     2,034,000         **         2,030,178   
  

COMET 2013-A3 A3 .96% 9/19

     759,000         **         750,157   
  

CARMX 2012-3 A3 0.52% 7/17

     300,000         **         299,972   
  

CARMX 2013-3 A3 .97% 11/15/16

     550,000         **         553,063   
  

CHAIT 2012-A3 A3 0 6/17

     1,890,000         **         1,897,170   
  

CHAIT 2012-A5 A5 .59% 8/17

     1,890,000         **         1,890,673   
  

CHAIT 2012-A8 A8 0.54% 10/17

     2,270,000         **         2,267,074   
  

CHAIT 2013-A8 A8 1.01% 10/18

     762,000         **         761,110   
  

FORDL 2013-A A3 0.60% 3/16

     660,000         **         660,474   
  

FORDO 2013-A A3 .55% 07/17

     550,000         **         549,901   
  

CCCIT 2012-A1 A1 0.55% 10/17

     1,080,000         **         1,080,028   
  

CCCIT 13-A3 A3 1.11% 7/23/18

     610,000         **         614,882   
  

CCCIT 2013-A6 A6 1.32% 09/18

     756,000         **         764,344   
  

FORDO 2012-D A3 0.51% 4/17

     470,000         **         469,976   
  

FORDL 2012-B A3 0.57% 9/15

     450,000         **         450,473   
  

DCENT 2013-A5 A5 1.04% 04/19

     758,000         **         757,128   
  

DCENT 2013-A2 A2 .69% 07/18

     1,850,000         **         1,847,507   
  

DCENT 2012-A3 A 0.86% 11/15/17

     950,000         **         954,178   
  

DCENT 2012-A1 A1 0.81% 8/17

     870,000         **         873,356   
        

 

 

    

 

 

 
  

Total Asset Backed Securities

        —         $ 41,763,027   
        

 

 

    

 

 

 
  

Wrapper Contracts:

        
  

GIC State Street Bank and Trust Company Boston Contract # 107049

        **       $ 40,357   
  

GIC Monumental Life Insurance Company Contract # MDA01058TR-00

        **         39,044   
        

 

 

    

 

 

 
  

Total Wrapper Contracts

        —         $ 79,401   
        

 

 

    

 

 

 

*

  

Participant loans

    

 

3.25% - 7.75%

Maturing through 2018

  

  

     **       $ 70,604,491   
        

 

 

    

 

 

 
  

Total investments at year end

        159,820,724       $ 3,434,788,991   
        

 

 

    

 

 

 

* 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 25, 2014

   

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

 

33