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NextEra Energy Employee Pension Plan
The NextEra Energy Employee Pension Plan was established in 1946 as a non-contributory defined-benefit plan. It covers eligible employees of NextEra Energy,...
NextEra Energy Employee Pension Plan
The NextEra Energy Employee Pension Plan was established in 1946 as a non-contributory defined-benefit plan. It covers eligible employees of NextEra Energy, Inc. and subsidiaries including Florida Power & Light Company. No specific family wealth origin applies. The plan allocates 6.03 percent to private equity. It holds positions in Blackstone Private Equity Funds and Rialto Capital Management Funds. Additional exposure includes U.S. real estate allocations and credit funds managed by HPS Investment Partners. Geographic focus centers on the United States with some global sustainable equities. The plan reports $22 billion in assets. It maintains relationships with service providers including BlackRock, State Street, and Fidelity Management Trust Company. A 2025 annual meeting of shareholders addressed pension oversight topics. Governance flows through the Finance & Investment Committee of the parent company board rather than a standalone family office structure.
General information
Firm type
Pension Fund
Year founded
1925
Location
Region
North America
Country
United States
City
Juno Beach
Corporate office
700 Universe Boulevard, Juno Beach, FL 33408, United States
Principals
Maria G. Henry
Member of the Finance & Investment Committee
John Ketchum
Chairman, President and CEO of NextEra Energy
Sector focus
Frequently asked questions
Who runs investment decisions at NextEra Energy Employee Pension Plan?
The Finance & Investment Committee of NextEra Energy, Inc. oversees allocations. Maria G. Henry serves as a named member of that committee.
Does NextEra Energy Employee Pension Plan participate in fund commitments or only direct deals?
The plan commits to funds including Blackstone Private Equity Funds and Rialto Capital Management Funds. It also holds minority positions in vehicles such as KKR FS Income Trust.
What asset classes does NextEra Energy Employee Pension Plan target?
Allocations include private equity at 6.03 percent, U.S. real estate, global sustainable equities, and real estate credit. The plan also maintains public equity holdings through an ESOP component.
Where does the underlying wealth come from for NextEra Energy Employee Pension Plan?
Assets derive from contributions and investment returns supporting a defined-benefit plan for NextEra Energy employees. No single family or entrepreneur is the source.
How is NextEra Energy Employee Pension Plan related to NextEra Energy, Inc.?
The plan is sponsored by NextEra Energy, Inc. and covers employees of its primary subsidiary Florida Power & Light Company. Oversight ties to the parent company's board committees.
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