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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, 2014
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, 2014 AND 2013
CONTENTS
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, 2014 and 2013, and the related statement of changes in net assets available for benefits for the year ended December 31, 2014. 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, 2014 and 2013, and the changes in net assets available for benefits for the year ended December 31, 2014 in conformity with U.S. generally accepted accounting principles.
The supplemental Schedule H, Line 4i—Schedule of Assets (Held at End of Year) as of December 31, 2014 has been subjected to audit procedures performed in conjunction with the audit of NextEra Energy, Inc. Employee Retirement Savings Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information presented in the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated in all material respects in relation to the financial statements as a whole.
/s/ Crowe Horwath LLP
Crowe Horwath LLP
Columbus, Ohio
June 24, 2015
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2014 AND 2013
December 31, 2014 | ||||||||||||||||
Nonparticipant-Directed | ||||||||||||||||
Participant- | ||||||||||||||||
ASSETS | Directed | Allocated | Unallocated | Total | ||||||||||||
Investments, at fair value (see Note 7) | ||||||||||||||||
Registered investment companies | $ | 250,241,539 | $ | 7,228,596 | $ | - | $ | 257,470,135 | ||||||||
Collective trust funds | 1,294,993,803 | - | - | 1,294,993,803 | ||||||||||||
Common stock other than NextEra Energy, Inc. common stock | 327,321,877 | - | - | 327,321,877 | ||||||||||||
NextEra Energy, Inc. common stock | 422,746,392 | 875,088,227 | 102,892,653 | 1,400,727,272 | ||||||||||||
U.S. Treasury notes | 155,550,502 | - | - | 155,550,502 | ||||||||||||
Government agency notes | 26,491,443 | - | - | 26,491,443 | ||||||||||||
Asset-backed securities | 44,677,017 | - | - | 44,677,017 | ||||||||||||
Mortgage-backed securities | 48,666,761 | - | - | 48,666,761 | ||||||||||||
Corporate bonds | 46,716,784 | - | - | 46,716,784 | ||||||||||||
Interest bearing cash | 30,224 | - | - | 30,224 | ||||||||||||
Other | 71,912 | - | - | 71,912 | ||||||||||||
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Total investments, at fair value | 2,617,508,254 | 882,316,823 | 102,892,653 | 3,602,717,730 | ||||||||||||
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Receivables | ||||||||||||||||
Participant loans | 71,873,571 | - | - | 71,873,571 | ||||||||||||
Pending trades due from brokers | 247,556 | - | - | 247,556 | ||||||||||||
Other receivables | 1,177,170 | - | 26 | 1,177,196 | ||||||||||||
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Total receivables | 73,298,297 | - | 26 | 73,298,323 | ||||||||||||
Non-interest bearing cash | 332,995 | 9 | - | 333,004 | ||||||||||||
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Total assets | 2,691,139,546 | 882,316,832 | 102,892,679 | 3,676,349,057 | ||||||||||||
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LIABILITIES | ||||||||||||||||
Leveraged ESOP note: | ||||||||||||||||
Current | - | - | 27,265,500 | 27,265,500 | ||||||||||||
Non-current | - | - | 3,340,882 | 3,340,882 | ||||||||||||
Interest payable (Leveraged ESOP) | - | - | 98,859 | 98,859 | ||||||||||||
Pending trades due to brokers | 760,319 | - | - | 760,319 | ||||||||||||
Other payables | 1,680,687 | 353,835 | - | 2,034,522 | ||||||||||||
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Total liabilities | 2,441,006 | 353,835 | 30,705,241 | 33,500,082 | ||||||||||||
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Net assets, reflecting all investments at fair value | 2,688,698,540 | 881,962,997 | 72,187,438 | 3,642,848,975 | ||||||||||||
Adjustments from fair value to contract value for fully benefit-responsive investment contracts | (6,149,366) | - | - | (6,149,366) | ||||||||||||
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NET ASSETS AVAILABLE FOR BENEFITS | $ | 2,682,549,174 | $ | 881,962,997 | $ | 72,187,438 | $ | 3,636,699,609 | ||||||||
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The accompanying Notes to Financial Statements are an integral part of these statements.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2014 AND 2013
December 31, 2013 | ||||||||||||||||
Nonparticipant-Directed | ||||||||||||||||
Participant- | ||||||||||||||||
ASSETS | Directed | Allocated | Unallocated | Total | ||||||||||||
Investments, at fair value (see Note 7) | ||||||||||||||||
Registered investment companies | $ | 526,086,973 | $ | 6,436,000 | $ | - | $ | 532,522,973 | ||||||||
Collective trust funds | 919,369,341 | - | - | 919,369,341 | ||||||||||||
Common stock other than NextEra Energy, Inc. common stock | 318,965,584 | - | - | 318,965,584 | ||||||||||||
NextEra Energy, Inc. common stock | 375,171,456 | 716,457,201 | 155,368,278 | 1,246,996,935 | ||||||||||||
U.S. Treasury notes | 168,724,309 | - | - | 168,724,309 | ||||||||||||
Government agency notes | 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 | ||||||||||||
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Total investments, at fair value | 2,485,923,021 | 722,893,201 | 155,368,278 | 3,364,184,500 | ||||||||||||
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Receivables | ||||||||||||||||
Participant loans | 70,604,491 | - | - | 70,604,491 | ||||||||||||
Pending trades due from brokers | 5,352,357 | - | - | 5,352,357 | ||||||||||||
Company contributions | - | - | 702,141 | 702,141 | ||||||||||||
Other receivables | 4,081,294 | 736 | 27 | 4,082,057 | ||||||||||||
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Total receivables | 80,038,142 | 736 | 702,168 | 80,741,046 | ||||||||||||
Non-interest bearing cash | 918,311 | - | - | 918,311 | ||||||||||||
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Total assets | 2,566,879,474 | 722,893,937 | 156,070,446 | 3,445,843,857 | ||||||||||||
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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 | ||||||||||||
Pending trades due to brokers | 4,996,289 | - | - | 4,996,289 | ||||||||||||
Other payables | 2,014,957 | 165,232 | - | 2,180,189 | ||||||||||||
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Total liabilities | 7,011,246 | 165,232 | 55,620,703 | 62,797,181 | ||||||||||||
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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) | ||||||||||||
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NET ASSETS AVAILABLE FOR BENEFITS | $ | 2,552,714,205 | $ | 722,728,705 | $ | 100,449,743 | $ | 3,375,892,653 | ||||||||
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The accompanying Notes to Financial Statements are an integral part of these statements.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2014
Nonparticipant-Directed | ||||||||||||||||
Participant- | ||||||||||||||||
Directed | Allocated | Unallocated | Total | |||||||||||||
Additions to net assets attributed to: | ||||||||||||||||
Net appreciation in fair value of investments | ||||||||||||||||
Registered investment companies | $ | 22,621,423 | $ | - | $ | - | $ | 22,621,423 | ||||||||
Collective trust funds | 71,762,144 | - | - | 71,762,144 | ||||||||||||
Common stock other than NextEra Energy, Inc. common stock | 19,341,121 | - | - | 19,341,121 | ||||||||||||
NextEra Energy, Inc. common stock | 86,320,705 | 169,789,511 | 30,019,726 | 286,129,942 | ||||||||||||
Interest income | 8,542,264 | - | 79 | 8,542,343 | ||||||||||||
Dividend income | 25,525,164 | 23,678,643 | 4,277,115 | 53,480,922 | ||||||||||||
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Net investment income | 234,112,821 | 193,468,154 | 34,296,920 | 461,877,895 | ||||||||||||
Contributions | ||||||||||||||||
Participant | 127,528,340 | - | - | 127,528,340 | ||||||||||||
Employer | - | 477,257 | 708,354 | 1,185,611 | ||||||||||||
Allocation of leveraged ESOP shares | - | 58,917,313 | - | 58,917,313 | ||||||||||||
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Total contributions | 127,528,340 | 59,394,570 | 708,354 | 187,631,264 | ||||||||||||
Transfer from/to nonparticipant-directed investments | 37,201,211 | 358,920 | - | 37,560,131 | ||||||||||||
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Total net additions | 398,842,372 | 253,221,644 | 35,005,274 | 687,069,290 | ||||||||||||
Deductions from net assets attributed to: | ||||||||||||||||
Interest expense | - | - | 4,350,266 | 4,350,266 | ||||||||||||
Benefit payments to participants and beneficiaries | 264,418,474 | 56,537,970 | - | 320,956,444 | ||||||||||||
Management and administrative expenses | 4,230,009 | 248,171 | - | 4,478,180 | ||||||||||||
Transfer from/to participant directed to non-participant directed investments | 358,920 | 37,201,211 | - | 37,560,131 | ||||||||||||
Decrease in leveraged ESOP unallocated account | - | - | 58,917,313 | 58,917,313 | ||||||||||||
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Total deductions | 269,007,403 | 93,987,352 | 63,267,579 | 426,262,334 | ||||||||||||
Net increase/(decrease) | $ | 129,834,969 | $ | 159,234,292 | $ | (28,262,305) | $ | 260,806,956 | ||||||||
Net assets available for benefits at December 31, 2013 | $ | 2,552,714,205 | $ | 722,728,705 | $ | 100,449,743 | $ | 3,375,892,653 | ||||||||
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Net assets available for benefits at December 31, 2014 | $ | 2,682,549,174 | $ | 881,962,997 | $ | 72,187,438 | $ | 3,636,699,609 | ||||||||
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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, 2014 AND 2013
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.
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 their contributions (Pretax Contributions) until such contributions are distributed from the Plan.
Employees of NextEra Energy, Inc. (the Company/Employer) and its subsidiaries, with the exception of employees in the International Brotherhood of Electrical Workers local 2150 (IBEW 2150) at NextEra Energy Point Beach, LLC (NextEra Energy Point Beach), are eligible to participate in the Plan on the first day of the month coincident with the completion of one full month of service with the Company or certain of its subsidiaries or on the first day of any payroll period thereafter. Employees 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 (see Note 4). 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 the Company (Company Stock).
The Plan has a Dividend Payout Program which enables Participants to choose how their dividends on certain shares of Company Stock held in the Plan are to be paid. The options available to Participants include reinvestment of dividends in Company Stock, 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 NextEra Energy, Inc. Employee Retirement Savings Plan Trust (Trust) established to hold the assets and liabilities of the Plan.
Administration of the Plan
The Plan is intended to qualify as a participant-directed account plan under Section 404(c) of ERISA. The Employee Benefit Plans Administrative Committee (as appointed by the Employee Benefits Advisory Committee of the Company) is the named fiduciary responsible for the general operation and administration of the Plan (but not management or control of Plan assets), and the Employee Benefit Plans Investment Committee (as appointed by the Employee Benefits Advisory Committee of the Company) is the named investment fiduciary, but is not directly responsible for the management and control of the Plan assets. The Employee Benefits Advisory Committee acts on behalf of the Company as the Plan sponsor, as defined by ERISA. Fidelity Workspace Services LLC (Fidelity) provides recordkeeping services with respect to the Plan.
Employee Contributions
The Plan allows for combined pretax and after-tax contributions by eligible employees in whole percentages of up to 50% of their eligible earnings, as defined by the Plan. In addition, individuals age 50 or older who contributed the maximum annual amount allowable under the Pretax Option in the Plan have the option of contributing an additional catch up contribution in accordance with Code Section 414(v).
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2014 AND 2013
NextEra Energy Point Beach bargaining unit eligible employees represented by IBEW 2150 (Eligible Employee) hired or rehired after January 1, 2008 are 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.
Participants can elect to invest in any combination of different investment options offered under the Plan. Participants may change their investment elections daily, subject to Fidelity’s excessive trading policy and the Plan’s limitations on investments in Company Stock.
Employer Contributions
The table below presents the employer contribution formula for the various Participant groups covered by the Plan as of December 31, 2014 and 2013.
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 (NextEra Energy Duane Arnold) Non-Bargaining Employees hired prior to January 27, 2006 and NextEra Energy Point Beach Non-Bargaining Employees hired prior to September 28, 2007
NextEra Energy Duane Arnold Bargaining Unit Employees and NextEra Energy Point Beach Bargaining Unit Employees (not represented by IBEW 2150) | 100% on the first 3% of employee 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 |
All or part of required Company contributions to the Plan are made in the form of Company Stock allocated from shares held in suspense in the Leveraged ESOP account based on the fair value of the shares on the date of allocation. 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 (see Note 4). In 2014 the Company contributed cash of $708,354 for required principal and interest payments on Acquisition Indebtedness and a cash contribution of $477,257 for matching contributions on eligible earnings for certain bargaining unit employees. 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, 2014 and 2013, the balance of the forfeiture account was $266,936 and $76,103, respectively. Forfeitures applied to administrative fees in 2014 totaled $701,602.
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.
NextEra Energy Seabrook non-bargaining employees hired prior to November 1, 2002, NextEra Energy Duane Arnold non-bargaining employees hired prior to January 27, 2006 and NextEra Energy Point Beach 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 (NextEra Energy Maine) hired prior to August 1, 2006, Company matching contributions are fully vested upon attaining six months of service.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2014 AND 2013
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 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.
Participant Loans
Each Participant may borrow from his or her account a minimum of $1,000 up to a maximum of $50,000 or 50% of the vested value of the account (reduced by prior loans), whichever is less. The vested portion of a Participant’s account will be pledged as security for the loan. Participants may not have more than two loans outstanding from the Plan at any time. 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. Loans outstanding at December 31, 2014 carry an interest rate of 3.25% and mature between 2015 and 2020.
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.
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.
2. Summary of Significant Accounting Policies
Basis of Accounting
The financial statements of the Plan are prepared under the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America.
Use of Estimates
The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Classification of Various Items
Certain reclassifications of prior period amounts have been made to conform to the current presentation. These reclassifications did not have a material impact on the Plan’s financial position or changes in net assets available for benefits.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2014 AND 2013
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.
The Plan recognizes transfers into and out of fair value hierarchy levels at the beginning of the period.
The following are descriptions of the valuation methods and assumptions used by the Plan to estimate the fair values of investments held by the Plan.
Registered investment companies (mutual funds), Company Stock and 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 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, and/or money market 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.
Collective trust funds: The fair values of participation units held in collective trust funds are based on the net asset value per unit share reported by the fund manager as of the financial statement dates and on recent transaction prices (level 2 inputs). The investment objectives of the underlying collective trust funds vary, with holdings which include 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.
Interest bearing cash: Interest bearing cash plus accrued interest is reported at cost which approximates fair value (level 2).
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).
8
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2014 AND 2013
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 2014 and 2013, 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 contract value of the Managed Income Fund because 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 Participants’ 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.
Participant Loans
Participant loans are reported at their unpaid principal balance plus any accrued but unpaid interest, with no allowance for credit losses, as repayments of principal and interest are received through payroll deductions and the notes are collateralized by the Participants’ account balances in the Plan.
3. Risks and Uncertainties
Investment securities, in general, are exposed to various risks, such as interest rate, credit, liquidity and overall market volatility, which could result in changes in the value of such securities. Due to the level of risk associated with certain types of investment securities, it is at least reasonably possible that changes in the values of the investment securities will occur in the near term and that such changes could materially affect Participants’ account balances and the amounts reported in the statements of net assets available for benefits and the statement of changes in net assets available for benefits.
4. Leveraged Employee Stock Ownership Plan
In December 1990, the Master Trust for Retirement Savings Plans of NextEra Energy, Inc. and Affiliates (Master Trust) borrowed $360 million (Acquisition Indebtedness) from NextEra Energy Capital Holdings, Inc. to purchase approximately 24.8 million shares of Company Stock. On December 31, 2013 the NextEra Energy, Inc. Bargaining Unit Employee Retirement Savings Plan was merged with and into the Plan. 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. The Company Stock acquired by the Master Trust (now held in the Trust) is initially held in a separate account (Leveraged ESOP account) until shares are allocated to the accounts of participants under the plan.
Acquisition Indebtedness
The Acquisition Indebtedness (Leveraged ESOP Note) is currently held by EMB Investments, Inc. (the Lender) which is a wholly-owned subsidiary of NextEra Energy Capital Holdings, Inc. The Leveraged ESOP Note is currently scheduled to mature in 2016 and bears interest at a fixed rate of 9.69% per annum. The Leveraged ESOP Note is to be repaid quarterly using dividends received on both Company Stock held by the Leveraged ESOP account and Leveraged ESOP shares allocated to Participants’ accounts under the
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2014 AND 2013
Plan, together with cash contributions from the Company. For dividends on shares allocated to Participants’ accounts used to repay the loan, additional shares equal in value to those dividends are allocated to Participants’ accounts under the Plan. In 2014, dividends received from shares held by the Leveraged ESOP account and shares allocated to Participants’ accounts totaled $4,277,115 and $23,678,643, respectively. Employer contributions for the 2014 debt service shortfall totaled $708,354.
The unallocated shares of Company Stock acquired with the proceeds of the Leveraged ESOP Note are collateral for the Leveraged ESOP Note. 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 Participants’ accounts used to repay the Leveraged ESOP Note. The number of shares released from the Leveraged ESOP account and allocated to Participants’ accounts during the year is based on the ratio of the total of the current year’s principal and interest payments on the Leveraged ESOP Note to the total principal and interest payments remaining, including the current year. In 2014, the number of shares required to be released exceeded the number of shares required to provide Company matching contributions and to restore dividends on allocated Leveraged ESOP shares. The additional shares were allocated to participants in accordance with the terms of the Plan. During 2014, 846,589 shares of Company Stock were released from collateral for the Leveraged ESOP Note. The 846,589 shares consisted of 500,130 shares to provide Company matching contributions, 101,690 shares allocated in accordance with the terms of the plan and 244,769 shares to restore dividends on allocated Leveraged ESOP shares used to repay the Leveraged ESOP Note.
The Leveraged ESOP Note, with carrying values of $30,606,382 and $55,441,627 at December 31, 2014 and 2013, 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).
The scheduled principal repayments of the Leveraged ESOP Note are as follows:
Year | Repayment Amount | |||
2015 | $ 27,265,500 | |||
2016 | $ 3,340,882 |
5. Nonparticipant-directed Investments
The nonparticipant-directed net assets of the Plan and changes therein consist of those reflected in the financial statements as “Nonparticipant-Directed Unallocated” and “Nonparticipant-Directed Allocated.”
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 Leveraged ESOP Note 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, 2014 and 2013, 968,037 and 1,814,626 shares, respectively of Company Stock held by the Plan served as collateral for the Leveraged ESOP Note.
Dividend income earned by the Plan includes dividends on Company Stock. Dividends received on both Company Stock held by the Leveraged ESOP account and Leveraged ESOP shares allocated to Participants’ accounts under the Plan, together with cash contributions from the Company, are used to repay the Leveraged ESOP Note. 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, 2014 and 2013, the number of shares of Company Stock held in Participants’ accounts totaled 12,210,317 and 12,749,692, respectively, with a fair value of $1,297,834,619 and $1,091,628,657, respectively. During 2014, dividends on shares of Company Stock held in Participants’ accounts totaled $35,651,171 and dividends on shares of Company Stock held in the Leveraged ESOP account totaled $4,277,115.
Certain fees were paid by the Plan to the managers of the investments held in the Plan and certain Plan investments are managed by an affiliate of the Trustee or investment advisors of the Plan. These transactions qualify as party-in-interest transactions. The Plan also pays for various administrative expenses to service providers which constitute party-in-interest transactions. Participant Loans held by the Plan of $71,873,571 and $70,604,491 at December 31, 2014 and December 31, 2013, respectively, are also considered party-in-interest transactions.
10
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2014 AND 2013
7. Investments
The following table sets forth by level, within the fair value hierarchy, the Plan’s assets that are measured at fair value on a recurring basis as of December 31, 2014:
Fair Value Measurements At December 31, 2014 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) | $ | 327,321,877 | $ | - | $ | - | $ | 327,321,877 | ||||||||
Company Stock | 422,746,392 | - | - | 422,746,392 | ||||||||||||
Equity commingled funds (b)(c) | 73,816,780 | 925,824,653 | - | 999,641,433 | ||||||||||||
Fixed income commingled funds (d)(e)(f) | 91,141,829 | 136,648,175 | - | 227,790,004 | ||||||||||||
Blended commingled funds (g) | - | 317,803,905 | - | 317,803,905 | ||||||||||||
U.S. Treasury notes | 155,550,502 | - | - | 155,550,502 | ||||||||||||
Government agency notes | - | 26,491,443 | - | 26,491,443 | ||||||||||||
Asset-backed securities | - | 44,677,017 | - | 44,677,017 | ||||||||||||
Mortgage-backed securities | - | 48,666,761 | - | 48,666,761 | ||||||||||||
Corporate bonds (h) | - | 46,716,784 | - | 46,716,784 | ||||||||||||
Interest bearing cash | - | 30,224 | - | 30,224 | ||||||||||||
Wrapper contracts | - | 71,912 | - | 71,912 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total participant-directed investments | 1,070,577,380 | 1,546,930,874 | - | 2,617,508,254 | ||||||||||||
Nonparticipant-directed investments (Leveraged ESOP): | ||||||||||||||||
Equity securities: | ||||||||||||||||
Company Stock | 977,980,880 | - | - | 977,980,880 | ||||||||||||
Fixed income commingled funds (d) | 7,228,596 | - | - | 7,228,596 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total nonparticipant-directed investments | 985,209,476 | - | - | 985,209,476 | ||||||||||||
Total investments at fair value | $ | 2,055,786,856 | $ | 1,546,930,874 | $ | - | $ | 3,602,717,730 | ||||||||
|
|
|
|
|
|
|
|
(a) Includes foreign investments of $28,046,809 classified as Level 1.
(b) Includes registered investment companies of $73,816,780 classified as Level 1.
(c) Includes collective trust funds of $925,824,653 including foreign funds of $118,042,411 classified as Level 2.
(d) Includes money market mutual fund investments of $90,240,916 and registered investment company investments of $8,129,509 classified as Level 1.
(e) Includes registered investment company investments of $85,282,930 and collective trust fund investments of $51,365,245 classified as Level 2.
(f) Includes foreign investments of $9,992,650 classified as Level 2.
(g) Includes collective trust fund investments of $317,803,905 classified as Level 2.
(h) Includes foreign investments of $21,402,312 classified as Level 2.
During the 2014 Plan year there were no transfers between Level 1 and Level 2 investments.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2014 AND 2013
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)(f) | 84,113,063 | 148,585,694 | - | 232,698,757 | ||||||||||||
Blended commingled funds (g) | - | 282,110,564 | - | 282,110,564 | ||||||||||||
U.S. Treasury notes | 168,724,309 | - | - | 168,724,309 | ||||||||||||
Government agency notes (h) | - | 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 (i) | - | 49,418,093 | - | 49,418,093 | ||||||||||||
Wrapper contracts | - | 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 $19,575,556 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 foreign investments of $11,224,497 classified as Level 2.
(g) Includes collective trust fund investments of $282,110,564 classified as Level 2.
(h) Includes foreign investments of $3,059,689 classified as Level 2.
(i) Includes foreign investments of $17,931,606 classified as Level 2.
During the 2013 Plan year there were no transfers between Level 1 and Level 2 investments.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2014 AND 2013
Individual investments in the Plan that represent 5% or more of the Plan’s net assets available for benefits as of December 31, 2014 and 2013 are as follows:
December 31, | ||||||||
2014 | 2013 | |||||||
|
| |||||||
NextEra Energy, Inc. common stock: | ||||||||
Held in NextEra Energy, Inc. Stock Leveraged ESOP Fund (non-participant directed allocated) | $ | 875,088,227 | $ | 716,457,201 | ||||
Held in NextEra Energy, Inc. Stock Fund | 422,746,392 | 375,171,456 | ||||||
Held in NextEra Energy, Inc. Stock Leveraged ESOP Fund (non-participant directed unallocated) | 102,892,653 | 155,368,278 | ||||||
|
| |||||||
Total NextEra Energy, Inc. common stock | $ | 1,400,727,272 | $ | 1,246,996,935 | ||||
|
|
8. Managed Income Fund
At December 31, 2014, the contract value and fair value of fully benefit-responsive investment contracts was $317,117,595 and $323,266,961, respectively. 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. The fair value of fully benefit-responsive investment contracts excludes short term investments in registered investment companies of $2,020,594 and $900,292, respectively, at December 31, 2014 and 2013. The average yield for the portfolio of fully benefit-responsive investment contracts based on annualized earnings was 1.61% and 1.49% for 2014 and 2013, respectively. The average yield based on the interest rate credited to Participants at December 31, 2014 and December 31, 2013 was 1.61% and 1.44%, respectively. The crediting interest rate resets monthly and is based on an agreed-upon formula with the issuers, but cannot be less than zero. The key factors that influence future rates could include the following: the level of market interest rates; the difference between the fully benefit-responsive investment contracts’ book and market values; the amount and timing of Participant contributions; transfers and withdrawals into/out of the fully benefit-responsive investment contracts; and the duration of the underlying investments backing the fully benefit-responsive investment contracts.
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. In January 2015 an application for renewal of favorable determination status was filed with the IRS. 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 Leveraged ESOP Note 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, 2014 and 2013, 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 2011.
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NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2014 AND 2013
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, | ||||||||
2014 | 2013 | |||||||
|
| |||||||
Net assets available for benefits per the financial statements | $ | 3,636,699,609 | $ | 3,375,892,653 | ||||
Adjustment from fair value to contract value for fully benefit-responsive investment contracts | 6,149,366 | 7,154,023 | ||||||
|
| |||||||
Net assets per Form 5500 | $ | 3,642,848,975 | $ | 3,383,046,676 | ||||
|
|
The following is a reconciliation of net change in net assets available for benefits per the financial statements to the Form 5500:
December 31, 2014 | ||||||
Increase in net assets available for benefits per the financial statements | $ | 260,806,956 | ||||
Plus: Current year adjustment to contract value for investments in fully benefit-responsive contracts | 6,149,366 | |||||
Less: Prior year adjustment to contract value for investments in fully benefit-responsive contracts |
| (7,154,023) | ||||
|
| |||||
Net income per Form 5500 | $ | 259,802,299 | ||||
|
|
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.
11. Subsequent Events
All non-bargaining employees and certain bargaining employees hired on or after January 1, 2015 will be deemed to have elected to make a Pretax Contribution of 3% in the Plan unless such employee otherwise affirmatively revokes or modifies his or her pretax election within 60 days of his or her date of hire.
14
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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, 2014
(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 | ||||||||||||||
Cash and Cash Equivalents: | ||||||||||||||||||
Swiss Franc | 30,049 | ** | 30,224 | |||||||||||||||
|
|
|
| |||||||||||||||
Total Cash and Cash Equivalents | - | $ | 30,224 | |||||||||||||||
|
|
|
| |||||||||||||||
Common Stock: | ||||||||||||||||||
Actavis PLC | 4,000 | ** | 1,029,640 | |||||||||||||||
Airbnb | 6,435 | ** | 261,988 | |||||||||||||||
Alexion Pharmaceuticals Inc. | 24,400 | ** | 4,514,732 | |||||||||||||||
Alibaba Group Holding Limited | 14,494 | ** | 1,506,506 | |||||||||||||||
Allergan Inc. | 13,500 | ** | 2,869,965 | |||||||||||||||
Amazon.com Inc. | 22,300 | ** | 6,920,804 | |||||||||||||||
American Airlines Group Inc | 92,500 | ** | 4,960,775 | |||||||||||||||
Apple Inc. | 18,000 | ** | 1,986,840 | |||||||||||||||
ASML Hldg NV | 10,700 | ** | 1,153,781 | |||||||||||||||
Baidu Inc. Spon ADR | 13,100 | ** | 2,986,407 | |||||||||||||||
Biogen Idec Inc. | 12,200 | ** | 4,141,290 | |||||||||||||||
Boeing Co | 44,100 | ** | 5,732,118 | |||||||||||||||
Carmax Inc. | 20,700 | ** | 1,378,206 | |||||||||||||||
Celgene Corp | 33,300 | ** | 3,724,938 | |||||||||||||||
Chipotle Mexican Grill Inc. | 1,750 | ** | 1,197,893 | |||||||||||||||
CTRIP.COM Intl Ltd Adr | 19,600 | ** | 891,800 | |||||||||||||||
Danaher Corp | 65,900 | ** | 5,648,289 | |||||||||||||||
Delphi Automotive PLC | 25,700 | ** | 1,868,904 | |||||||||||||||
Dropbox Inc. | 15,913 | ** | 303,938 | |||||||||||||||
Ecolab Inc. | 1,900 | ** | 198,588 | |||||||||||||||
EQT Corp | 20,000 | ** | 1,514,000 | |||||||||||||||
Estee Lauder Cos Inc. Class A | 18,900 | ** | 1,440,180 | |||||||||||||||
Facebook Inc. Class A | 50,099 | ** | 3,908,724 | |||||||||||||||
FedEx Corp | 9,700 | ** | 1,684,502 | |||||||||||||||
Flipkart LTD Serv G PC PP | 1,819 | ** | 217,843 | |||||||||||||||
Flowserve Corp. | 16,200 | ** | 969,246 | |||||||||||||||
Gilead Sciences Inc. | 46,100 | ** | 4,345,386 | |||||||||||||||
Google Inc. Class A | 8,800 | ** | 4,669,808 | |||||||||||||||
Google Inc. Class C | 8,400 | ** | 4,421,760 | |||||||||||||||
Hanesbrands Inc. | 8,200 | ** | 915,284 | |||||||||||||||
Hilton Worldwide Holdings Inc. | 57,113 | ** | 1,490,078 | |||||||||||||||
Humana Inc. | 12,200 | ** | 1,752,286 | |||||||||||||||
Hunt J B Transport Services Inc | 21,700 | ** | 1,828,225 | |||||||||||||||
Intercontinental Exchange Inc. | 5,400 | ** | 1,184,166 | |||||||||||||||
Intuitive Surgical Inc | 6,870 | ** | 3,633,818 | |||||||||||||||
Kansas City Southern | 8,600 | ** | 1,049,458 | |||||||||||||||
Lilly (ELI) & Co | 27,200 | ** | 1,876,528 | |||||||||||||||
Linkedin Corp Class A | 5,400 | ** | 1,240,434 | |||||||||||||||
Living Social.com CNV PFD F PP | 8,170 | ** | 2,124 | |||||||||||||||
Lowes Cos Inc. | 43,800 | ** | 3,013,440 | |||||||||||||||
McKesson Corp | 26,400 | ** | 5,480,112 | |||||||||||||||
MGM Resorts International | 118,905 | ** | 2,542,189 | |||||||||||||||
Michael Kors Holdings LTD | 8,600 | ** | 645,860 | |||||||||||||||
Morgan Stanley | 92,500 | ** | 3,589,000 | |||||||||||||||
Netflix Inc. | 3,300 | ** | 1,127,313 | |||||||||||||||
Netsuite Inc. | 12,300 | ** | 1,342,791 | |||||||||||||||
Palo Alto Networks Inc. | 3,800 | ** | 465,766 | |||||||||||||||
Pioneer Natural Resources Co | 17,700 | ** | 2,634,645 | |||||||||||||||
Precision Castparts Corp | 16,100 | ** | 3,878,168 | |||||||||||||||
Priceline.Com Inc. | 5,580 | ** | 6,362,372 | |||||||||||||||
Range Resources Corp | 39,112 | ** | 2,090,536 | |||||||||||||||
Red Hat Inc. | 31,400 | ** | 2,170,996 | |||||||||||||||
Regeneron Pharmaceuticals Inc. | 2,600 | ** | 1,066,650 | |||||||||||||||
Salesforce.com Inc. | 51,000 | ** | 3,024,810 | |||||||||||||||
Servicenow Inc. | 22,000 | ** | 1,492,700 | |||||||||||||||
Sherwin Williams Co | 9,600 | ** | 2,525,184 | |||||||||||||||
Starbucks Corp | 33,100 | ** | 2,715,855 | |||||||||||||||
State Street Corp | 27,500 | ** | 2,158,750 | |||||||||||||||
TD Ameritrade Holding Corp | 82,600 | ** | 2,955,428 | |||||||||||||||
Tesla Motors Inc. | 6,300 | ** | 1,401,183 | |||||||||||||||
Tractor Supply Co. | 25,200 | ** | 1,986,264 | |||||||||||||||
Twitter Inc | 18,000 | ** | 645,660 | |||||||||||||||
Uber Technologies Inc. | 10,648 | ** | 354,765 | |||||||||||||||
Under Armour Inc. Class A | 6,000 | ** | 407,400 | |||||||||||||||
United Continental Holdings Inc. | 23,900 | ** | 1,598,671 | |||||||||||||||
Unitedhealth Group Inc. | 23,100 | ** | 2,335,179 | |||||||||||||||
Valenat Pharmaceuticals (USA) | 24,700 | ** | 3,534,817 | |||||||||||||||
Vantiv Inc | 30,500 | ** | 1,034,560 | |||||||||||||||
Verisk Analytics Inc. Class A | 15,300 | ** | 979,965 | |||||||||||||||
Vertex Pharamaceuticals Inc. | 10,600 | ** | 1,259,280 | |||||||||||||||
Vipshop Holdings LTD ADR | 45,900 | ** | 896,886 | |||||||||||||||
Visa Inc. Class A | 29,709 | ** | 7,789,658 | |||||||||||||||
VMware Inc. Class A | 8,300 | ** | 684,916 | |||||||||||||||
Vulcan Materials Co | 30,200 | ** | 1,985,046 | |||||||||||||||
Wabtec | 21,200 | ** | 1,842,068 | |||||||||||||||
Workday Inc Class A | 10,100 | ** | 824,261 | |||||||||||||||
Wynn Resorts Ltd | 27,400 | ** | 4,076,024 |
15
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, 2014
(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 | ||||||||||||||
Anadarko Pertroleum Corp | 6,500 | ** | 536,250 | |||||||||||||||
Apache Corp | 20,800 | ** | 1,303,536 | |||||||||||||||
Archer Daniels Midland Co | 18,800 | ** | 977,600 | |||||||||||||||
Avon Products Inc. | 31,900 | ** | 299,541 | |||||||||||||||
Boeing Co | 7,400 | ** | 961,852 | |||||||||||||||
BP Plc Spon Adr | 10,400 | ** | 396,448 | |||||||||||||||
Bristol-Myers Squibb Co | 18,200 | ** | 1,074,346 | |||||||||||||||
Cablevision Sys Corp NY Group A | 21,500 | ** | 443,760 | |||||||||||||||
Campbell Soup Co | 9,600 | ** | 422,400 | |||||||||||||||
Carnival Corp Paired CTF | 19,600 | ** | 888,468 | |||||||||||||||
Chevron Corp | 15,000 | ** | 1,682,700 | |||||||||||||||
Clorox Co | 7,000 | ** | 729,470 | |||||||||||||||
Coach Inc. | 5,900 | ** | 221,604 | |||||||||||||||
Comcast Corp Class A | 7,500 | ** | 435,075 | |||||||||||||||
Conagra Foods Inc. | 3,000 | ** | 108,840 | |||||||||||||||
ConocoPhillips | 5,000 | ** | 345,300 | |||||||||||||||
Consol Energy Inc. | 18,500 | ** | 625,485 | |||||||||||||||
Deere & Co | 7,400 | ** | 654,678 | |||||||||||||||
Diamond Offshore Drilling | 11,300 | ** | 414,823 | |||||||||||||||
Disney (Walt) Co | 5,100 | ** | 480,369 | |||||||||||||||
Dupont (EI) De Nemours & Co | 7,800 | ** | 576,732 | |||||||||||||||
Eaton Corp PLC | 6,420 | ** | 436,303 | |||||||||||||||
Emerson Electric Co | 15,200 | ** | 938,296 | |||||||||||||||
Exxon Mobil Corp | 16,700 | ** | 1,543,915 | |||||||||||||||
Flowserve Corp | 700 | ** | 41,881 | |||||||||||||||
Ford Motor Co | 29,400 | ** | 455,700 | |||||||||||||||
General Electric Co | 98,700 | ** | 2,494,147 | |||||||||||||||
General Motors Co | 13,873 | ** | 484,306 | |||||||||||||||
Genuine Parts Co | 5,800 | ** | 618,106 | |||||||||||||||
GlaxoSmithKline PLC | 17,808 | ** | 381,916 | |||||||||||||||
Hess Corp | 15,600 | ** | 1,151,592 | |||||||||||||||
Honeywell International Inc. | 10,400 | ** | 1,039,168 | |||||||||||||||
Illinois Tool Works Inc. | 14,800 | ** | 1,401,560 | |||||||||||||||
International Paper Co | 22,200 | ** | 1,189,476 | |||||||||||||||
Johnson & Johnson | 13,900 | ** | 1,453,523 | |||||||||||||||
Johnson Controls Inc. | 11,900 | ** | 575,246 | |||||||||||||||
Joy Global Inc. | 9,700 | ** | 451,244 | |||||||||||||||
Kellogg Co | 1,900 | ** | 124,336 | |||||||||||||||
Kohls Corp | 16,300 | ** | 994,952 | |||||||||||||||
Macys Inc. | 11,100 | ** | 729,825 | |||||||||||||||
Madison Square Garden Co Class A | 1,500 | ** | 112,890 | |||||||||||||||
Masco Corporation | 21,800 | ** | 549,360 | |||||||||||||||
Mattel Inc. | 29,700 | ** | 919,067 | |||||||||||||||
McCormick & Co Inc. Non-Vtg | 5,000 | ** | 371,500 | |||||||||||||||
MdDonalds Corp | 2,400 | ** | 224,880 | |||||||||||||||
Meadwestvaco Corp | 11,800 | ** | 523,802 | |||||||||||||||
Merck & Co Inc. New | 19,800 | ** | 1,124,442 | |||||||||||||||
Murphy Oil Corp | 14,600 | ** | 737,592 | |||||||||||||||
New York Time Co Class A | 20,400 | ** | 269,688 | |||||||||||||||
Newmont Mining Corp | 16,800 | ** | 317,520 | |||||||||||||||
News Corp New Class A | 17,800 | ** | 279,282 | |||||||||||||||
Nucor Corp | 15,100 | ** | 740,655 | |||||||||||||||
Pearson PLC | 12,721 | ** | 235,941 | |||||||||||||||
Pepsico Inc. | 7,500 | ** | 709,200 | |||||||||||||||
Pfizer Inc. | 37,700 | ** | 1,174,355 | |||||||||||||||
PNC Financial Services Group Inc. | 14,800 | ** | 1,350,204 | |||||||||||||||
Potash Corp of Saskatchewan | 9,200 | ** | 324,944 | |||||||||||||||
Potash Corp of Saskatchewan | 700 | ** | 24,745 | |||||||||||||||
Potash Corp of Saskatchewan (US) | 1,500 | ** | 52,980 | |||||||||||||||
Quest Diagnostics Inc. | 9,100 | ** | 610,246 | |||||||||||||||
Rayonier Inc. REIT | 11,900 | ** | 332,486 | |||||||||||||||
Royal Dutch Shell Spn Adr Class A | 17,400 | ** | 1,164,930 | |||||||||||||||
Schlumberger LTD | 7,000 | ** | 597,870 | |||||||||||||||
Stanley Black & Decker Inc. | 8,000 | ** | 768,640 | |||||||||||||||
Staples Inc. | 42,200 | ** | 764,664 | |||||||||||||||
Talisman Energy Inc (Cana) | 45,000 | ** | 352,350 | |||||||||||||||
Telefonica SA | 25,151 | ** | 362,773 | |||||||||||||||
Tiffany & Co | 600 | ** | 64,116 | |||||||||||||||
Time Warner Inc. | 13,500 | ** | 1,153,170 | |||||||||||||||
United Parcel Service Inc. Class B | 9,300 | ** | 1,033,881 | |||||||||||||||
USG Corp New | 11,800 | ** | 330,282 | |||||||||||||||
VodaFone Group PLC | 50,181 | ** | 174,139 | |||||||||||||||
Vulcan Materials Co | 10,200 | ** | 670,446 | |||||||||||||||
Whirlpool Corp | 600 | ** | 116,244 | |||||||||||||||
Xylem Inc. | 15,500 | ** | 590,085 |
16
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, 2014
(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 | ||||||||||||||
AES Corp | 23,000 | ** | 316,710 | |||||||||||||||
American Express Co | 10,000 | ** | 930,400 | |||||||||||||||
Analog Devices Inc. | 10,800 | ** | 599,616 | |||||||||||||||
Apple Inc. | 5,200 | ** | 573,976 | |||||||||||||||
Applied Materials Inc. | 37,400 | ** | 932,008 | |||||||||||||||
AT&T Inc. | 36,600 | ** | 1,229,394 | |||||||||||||||
Bank of America Corporation | 87,200 | ** | 1,560,008 | |||||||||||||||
Bank of New York Mellon Corp | 600 | ** | 24,342 | |||||||||||||||
CA Inc. | 7,400 | ** | 225,330 | |||||||||||||||
Centurylink Inc. | 13,482 | ** | 533,618 | |||||||||||||||
Chubb Corp | 4,400 | ** | 455,268 | |||||||||||||||
Cisco Systems Inc. | 31,500 | ** | 876,173 | |||||||||||||||
Computer Sciences Corp | 6,900 | ** | 435,045 | |||||||||||||||
Corning Inc. | 36,700 | ** | 841,531 | |||||||||||||||
Digital Realty Trust Inc. | 6,600 | ** | 437,580 | |||||||||||||||
Duke Energy Corp | 13,850 | ** | 1,157,029 | |||||||||||||||
Entergy Corp | 11,800 | ** | 1,032,264 | |||||||||||||||
Exelon Corp | 20,900 | ** | 774,972 | |||||||||||||||
Firstenergy Corp | 16,000 | ** | 623,840 | |||||||||||||||
Harris Corp | 12,200 | ** | 876,204 | |||||||||||||||
IBM Corp | 4,000 | ** | 641,760 | |||||||||||||||
* | JPMorgan Chase & Co | 38,200 | ** | 2,390,556 | ||||||||||||||
Loews Corp | 14,100 | ** | 592,482 | |||||||||||||||
Marsh & McLennan Cos Inc. | 22,600 | ** | 1,293,624 | |||||||||||||||
Metlife Inc. | 11,100 | ** | 600,399 | |||||||||||||||
Microsoft Corp | 18,300 | ** | 850,035 | |||||||||||||||
Motorola Solutions Inc. | 2,200 | ** | 147,576 | |||||||||||||||
Nisource Inc. | 27,500 | ** | 1,166,550 | |||||||||||||||
Northern Trust Corp | 13,300 | ** | 896,420 | |||||||||||||||
Och-Ziff Capital Management Group LLC | 8,400 | ** | 98,112 | |||||||||||||||
Qualcomm Inc. | 11,900 | ** | 884,527 | |||||||||||||||
Regions Financial Corp | 31,300 | ** | 330,528 | |||||||||||||||
Sun Life Financial Inc. | 9,800 | ** | 353,388 | |||||||||||||||
Suntrust Banks Inc. | 22,600 | ** | 946,940 | |||||||||||||||
Texas Instruments Inc. | 13,800 | ** | 737,817 | |||||||||||||||
US Bancorp Del | 36,600 | ** | 1,645,170 | |||||||||||||||
Verizon Communications Inc. | 18,019 | ** | 842,929 | |||||||||||||||
Wells Fargo & Co | 35,800 | ** | 1,962,556 | |||||||||||||||
Western Union Co | 19,200 | ** | 343,872 | |||||||||||||||
Weyerhaeuser Co | 20,500 | ** | 735,745 | |||||||||||||||
Willis Group Holdings PLC | 5,900 | ** | 264,379 | |||||||||||||||
Xcel Energy Inc. | 17,700 | ** | 635,784 | |||||||||||||||
Abiomed Inc. | 57,800 | ** | 2,199,868 | |||||||||||||||
Affiliated Managers Group Inc. | 15,500 | ** | 3,289,720 | |||||||||||||||
Athenahealth Inc. | 10,800 | ** | 1,573,560 | |||||||||||||||
Bio Techne Corp. | 37,423 | ** | 3,457,885 | |||||||||||||||
Blackbaud Inc. | 61,900 | ** | 2,677,794 | |||||||||||||||
Core Labroratories NV | 23,128 | ** | 2,783,224 | |||||||||||||||
Coupons Com Inc. | 55,898 | ** | 992,190 | |||||||||||||||
Dineequity Inc. | 43,368 | ** | 4,494,684 | |||||||||||||||
Dunkin Brands Group Inc. | 39,540 | ** | 1,686,381 | |||||||||||||||
Ellie Mae Inc. | 29,400 | ** | 1,185,408 | |||||||||||||||
Equity Commonwealth | 119,700 | ** | 3,072,699 | |||||||||||||||
Expeditors International of Washington Inc. | 60,100 | ** | 2,681,061 | |||||||||||||||
Graco Inc. | 44,600 | 3,576,028 | ||||||||||||||||
Heartland Payment Systems Inc. | 79,140 | ** | 4,269,603 | |||||||||||||||
J2 Global Inc. | 67,720 | ** | 4,198,640 | |||||||||||||||
Logitech Intl SA Reg | 177,803 | ** | 2,405,402 | |||||||||||||||
MSCI Inc. | 83,200 | ** | 3,947,008 | |||||||||||||||
NIC Inc. | 96,332 | ** | 1,733,013 | |||||||||||||||
Outfront Media Inc | 53,219 | ** | 1,428,398 | |||||||||||||||
Ritchie Bros Auctioneers (USA) | 85,600 | ** | 2,301,784 | |||||||||||||||
Sally Beauty Holdings Inc. | 122,600 | ** | 3,768,724 | |||||||||||||||
Shutterstock Inc. | 28,800 | ** | 1,990,080 | |||||||||||||||
Ulta Salon Cosmetics & Frg Inc. | 22,900 | ** | 2,927,536 | |||||||||||||||
Verifone Systems Inc. | 81,931 | ** | 3,047,833 | |||||||||||||||
Zebra Tech Corp Class A | 42,402 | ** | 3,282,339 | |||||||||||||||
* | NextEra Energy (NextEra Energy, Inc. Stock Fund) | 3,977,292 | 142,985,379 | 422,746,392 | ||||||||||||||
* | NextEra Energy (NextEra Energy, Inc. Stock Leveraged ESOP Fund) | 8,233,025 | 125,066,837 | 875,088,227 | ||||||||||||||
* | NextEra Energy (NextEra Energy, Inc. Stock Leveraged ESOP - Unallocated) | 968,037 | 14,036,537 | 102,892,653 | ||||||||||||||
|
|
|
| |||||||||||||||
Total Common Stock | 282,088,752 | $ | 1,728,049,149 | |||||||||||||||
|
|
|
|
17
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, 2014
(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: | ||||||||||||||||||
* | BTC ACWI EX US IMI M | 2,684,892 | ** | 29,579,719 | ||||||||||||||
* | BTC Equity Index T | 1,953,455 | ** | 149,391,642 | ||||||||||||||
* | BTC Russell 3000 M | 5,129,403 | ** | 54,176,756 | ||||||||||||||
* | BTC US Debt Index W | 1,981,501 | ** | 40,079,530 | ||||||||||||||
* | Clearbridge Value Equity CIF R1 | 5,196,462 | ** | 86,469,131 | ||||||||||||||
* | Cohen & Steers US Realty Shares | 7,023,081 | ** | 76,692,043 | ||||||||||||||
* | Fidelity Low-priced Stock Pool | 8,462,703 | ** | 91,397,188 | ||||||||||||||
* | Fisher Investments Emerging Markets Equity Collective Trust | 310,535 | ** | 3,229,567 | ||||||||||||||
* | PIMCO Diversified Real Asset Trust | 882,663 | ** | 12,048,350 | ||||||||||||||
* | Royce PC Trust R IS | 12,132,302 | ** | 114,892,900 | ||||||||||||||
* | Thornburg International Equity Fund | 6,395,161 | ** | 85,233,125 | ||||||||||||||
* | Vangard Target 2015 | 2,683,290 | ** | 116,642,624 | ||||||||||||||
* | Vangard Target 2025 | 3,543,337 | ** | 152,611,507 | ||||||||||||||
* | Vangard Target 2035 | 3,859,724 | ** | 165,852,312 | ||||||||||||||
* | Vangard Target 2045 | 1,447,986 | ** | 63,117,724 | ||||||||||||||
* | Vangard Target 2055 | 108,211 | ** | 5,792,546 | ||||||||||||||
* | Vanguard Target Retirement | 813,130 | ** | 36,501,424 | ||||||||||||||
* | SSBK Government STIF Fund(Managed Income Fund) | 728,065 | ** | 728,065 | ||||||||||||||
* | SSBK Government STIF Fund(Equity Income TRP Fund) | 6,095,248 | ** | 6,095,248 | ||||||||||||||
* | SSBK Government STIF Fund(Small Mid Cap Growth by Delaware) | 2,724,211 | ** | 2,724,211 | ||||||||||||||
* | SSBK Government STIF Fund(Large Cap Growth Fund) | 1,738,191 | ** | 1,738,191 | ||||||||||||||
|
|
|
| |||||||||||||||
Total Collective Trust Funds | - | $ | 1,294,993,803 | |||||||||||||||
|
|
|
| |||||||||||||||
Registered Investment Companies - Mutual Funds: | ||||||||||||||||||
* | Eaton Vance Floating-Rate & High Income Fund Class I | 926,968 | ** | 8,129,509 | ||||||||||||||
* | JPMorgan US Government Money Market Portfolio | 76,846,560 | ** | 76,846,561 | ||||||||||||||
* | Vanguard Prime Cap Core Fund | 3,411,127 | ** | 73,816,780 | ||||||||||||||
* | Fidelity Institutional Cash Portfolio (NextEra Energy, Inc. Stock Fund) | 4,145,167 | ** | 4,145,167 | ||||||||||||||
* | Fidelity Institutional Cash Portfolio(NextEra Energy, Inc. Stock LESOP Fund) | 7,228,596 | ** | 7,228,596 | ||||||||||||||
* | Fidelity Institutional Cash Portfolio(Managed Income Fund) | 2,020,594 | ** | 2,020,594 | ||||||||||||||
* | Pimco High Yield Portfolio Institutional Class | 240,838 | ** | 1,791,838 | ||||||||||||||
* | Pimco Asset Back Secs Port-Unl | 168,749 | ** | 2,067,171 | ||||||||||||||
* | Pimco Emmerg Mkts Fd Inst CL | 273,431 | ** | 2,641,340 | ||||||||||||||
* | Pimco Intl Port Fund (unlisted) | 1,509,509 | ** | 7,351,310 | ||||||||||||||
* | Pimco Inv Grd Corp Port (unlisted) | 1,281,678 | ** | 12,855,229 | ||||||||||||||
* | Pimco Mtg Port Instl Cl (unlisted) | 2,039,933 | ** | 22,133,277 | ||||||||||||||
* | Pimco Muni Sectr Port Instl Cl | 115,883 | ** | 952,554 | ||||||||||||||
* | Pimco Real Retrn Bd Fd Inst Cl | 1,257,963 | ** | 11,032,332 | ||||||||||||||
* | Pimco Short Term Port Instl Cl | 189,746 | ** | 1,804,480 | ||||||||||||||
* | Pimco Short Tm Flt Nav Port II | 854,339 | ** | 8,550,220 | ||||||||||||||
* | Pimco US Govt Sector Port Inst | 1,480,617 | ** | 13,814,157 | ||||||||||||||
* | Pimco Paps Sr Floating Rate Portfolio | 29,312 | ** | 289,020 | ||||||||||||||
|
|
|
| |||||||||||||||
Total Registered Investment Companies | - | $ | 257,470,135 | |||||||||||||||
|
|
|
| |||||||||||||||
U.S. Treasury Notes: | ||||||||||||||||||
UST NOTES 0.625% 12/15/16 | 20,580,000 | ** | 20,572,342 | |||||||||||||||
USTN .75% 01/15/17 | 4,904,000 | ** | 4,924,438 | |||||||||||||||
USTN 1.5% 01/31/19 | 5,355,000 | ** | 5,390,285 | |||||||||||||||
USTN 1.625% 04/30/19 | 5,477,000 | ** | 5,510,213 | |||||||||||||||
USTN 0.875% 10/15/17 | 12,714,000 | ** | 12,685,190 | |||||||||||||||
USTN 0.375% 10/31/16 | 3,088,000 | ** | 3,076,462 | |||||||||||||||
USTN 1% 12/15/17 | 2,274,000 | ** | 2,269,909 | |||||||||||||||
USTN 1% 9/30/16 | 7,431,000 | ** | 7,503,103 | |||||||||||||||
USTN .875% 11/30/16 | 18,049,000 | ** | 18,139,736 | |||||||||||||||
USTN 1.375% 2/28/19 | 8,070,000 | ** | 8,060,421 | |||||||||||||||
USTN .875% 4/30/17 | 26,729,000 | ** | 26,796,213 | |||||||||||||||
USTN .750% 6/30/17 | 14,374,000 | ** | 14,315,911 | |||||||||||||||
UST NOTE .875% 1/31/18 | 11,434,000 | ** | 11,379,388 | |||||||||||||||
UST NOTES 1.625% 06/30/2019 | 14,889,000 | ** | 14,926,891 | |||||||||||||||
|
|
|
| |||||||||||||||
Total U.S. Treasury Notes | - | $ | 155,550,502 | |||||||||||||||
|
|
|
| |||||||||||||||
Government Agency Notes: | ||||||||||||||||||
FHLB 0.875% 05/24/17 | 1,140,000 | ** | 1,139,349 | |||||||||||||||
FHLB 0.62% 11/23/16 | 1,890,000 | ** | 1,889,782 | |||||||||||||||
FNMA .875% 2/8/18 | 362,000 | ** | 359,141 | |||||||||||||||
FNMA 1.875% 09/18/18 | 4,725,000 | ** | 4,827,521 | |||||||||||||||
FNMA 1.625% 11/27/18 | 2,888,000 | ** | 2,912,989 | |||||||||||||||
FNMA 1.75% 11/26/19 | 11,762,000 | ** | 11,788,517 | |||||||||||||||
FHLMC 1.25% 5/12/17 | 1,250,000 | ** | 1,261,715 | |||||||||||||||
FHLMC .75% 1/12/18 | 558,000 | ** | 552,001 | |||||||||||||||
FHLMC 0.875% 02/22/17 | 1,752,000 | ** | 1,760,428 | |||||||||||||||
|
|
|
| |||||||||||||||
Total Government Agency Notes | - | $ | 26,491,443 | |||||||||||||||
|
|
|
|
18
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, 2014
(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: | ||||||||||||||||||
BACM 2006-2 A4 CSTR 5/45 | 167,000 | ** | 174,676 | |||||||||||||||
BACM 2006-4 A1A CSTR 7/46 | 595,314 | ** | 633,067 | |||||||||||||||
BACM 2006-4 A4 5.634 7/46 | 313,332 | ** | 329,302 | |||||||||||||||
BSCMS 2005-PWR8 A4 4.674 6/41 | 295,953 | ** | 298,465 | |||||||||||||||
BSCMS 2005-T18 A4 4.933% 2/42 | 98,237 | ** | 98,646 | |||||||||||||||
BSCMS 2006-PW12 A1A CSTR 9/38 | 437,937 | ** | 462,393 | |||||||||||||||
BSCMS 2006-PW13 A1A 5.533 9/41 | 571,246 | ** | 608,482 | |||||||||||||||
BSCMS 2006-PW14 A1A 5.189 | 243,659 | ** | 259,435 | |||||||||||||||
BSCMS 2006-T22 A1A CSTR 4/38 | 579,963 | ** | 608,208 | |||||||||||||||
CD 06-CD2 A1B CSTR 1/46 | 936,816 | ** | 971,707 | |||||||||||||||
CD 2005-CD1 A4 CSTR 7/44 | 215,261 | ** | 219,708 | |||||||||||||||
CD 2007-CD5 A1A 5.8% 11/44 | 637,456 | ** | 694,306 | |||||||||||||||
CGCMT 2006-C5 A1A 5.425 10/49 | 793,638 | ** | 845,126 | |||||||||||||||
CGCMT 2006-C5 A4 5.431 10/49 | 330,000 | ** | 350,938 | |||||||||||||||
COMM 2012-CR1 A1 1.116% 5/45 | 6,929 | ** | 6,937 | |||||||||||||||
COMM 2012-CR1 A2 2.35% 5/45 | 320,000 | ** | 325,502 | |||||||||||||||
COMM 2012-CR2 A1 .824% 08/45 | 93,048 | ** | 92,928 | |||||||||||||||
COMM 2012-CR5 A1 0.673% 12/45 | 187,731 | ** | 187,142 | |||||||||||||||
COMM 2013-CR9 A1 1.3440% 7/45 | 125,960 | ** | 126,834 | |||||||||||||||
COMM 2014-CR17 A2 3.012% 05/47 | 490,000 | ** | 508,167 | |||||||||||||||
COMM 2014-CR18 A2 2.924% 07/47 | 380,000 | ** | 391,032 | |||||||||||||||
FHLG 5.50% 3/34 #G01665 | 128,333 | ** | 145,048 | |||||||||||||||
FHLG 5.50% 5/34 #Z40042 | 957,313 | ** | 1,079,975 | |||||||||||||||
FHLG 7.50% 7/34 #G02115 | 183,404 | ** | 217,695 | |||||||||||||||
FHLG 10YR 3.00% 8/21 #J16393 | 180,938 | ** | 188,911 | |||||||||||||||
FHLG 10YR 3.00% 8/21 #J16442 | 158,366 | ** | 165,344 | |||||||||||||||
FHLG 15YR 4.00% 4/26 #E02867 | 123,642 | ** | 133,043 | |||||||||||||||
FHLG 15YR 4.00% 9/25 #E02787 | 242,665 | ** | 261,798 | |||||||||||||||
FHLG 15YR 4.50% 8/18 #E98688 | 98,871 | ** | 104,391 | |||||||||||||||
FHLG 15YR 4.50% 9/18 #E99205 | 37,224 | ** | 39,339 | |||||||||||||||
FHLG 15YR 4.50% 10/18 #E99833 | 51,366 | ** | 54,285 | |||||||||||||||
FHLG 15YR 4.50% 11/18 #B10931 | 31,301 | ** | 33,109 | |||||||||||||||
FHLG 15YR 5.00% 3/19 #G13052 | 139,672 | ** | 147,679 | |||||||||||||||
FHLG 15YR 5.00% 4/20 #G13598 | 194,397 | ** | 205,842 | |||||||||||||||
FHLG 15YR 5.50% 4/18 #G11389 | 34,359 | ** | 36,204 | |||||||||||||||
FHLG 25YR 5.50% 7/35 #G05815 | 87,193 | ** | 98,550 | |||||||||||||||
FHLM AR 12M+187.9 10/42#849255 | 345,366 | ** | 363,824 | |||||||||||||||
FHLM ARM 2.98% 8/41 #1B8533 | 132,341 | ** | 138,069 | |||||||||||||||
FHLM ARM 3.07% 9/41 #1B8608 | 79,299 | ** | 83,123 | |||||||||||||||
FHLM ARM 3.58% 4/40 #1B4702 | 57,136 | ** | 61,415 | |||||||||||||||
FHLM ARM 4.199% 8/36 #848185 | 32,721 | ** | 35,137 | |||||||||||||||
FHLM ARM 4.941% 11/35 #1J1228 | 72,633 | ** | 77,673 | |||||||||||||||
FHLM ARM 3.224% 4/41#1B8179 | 40,805 | ** | 42,928 | |||||||||||||||
FHLM ARM 3.242% 9/1/41#1B8659 | 35,615 | ** | 37,378 | |||||||||||||||
FHLM ARM 3.283 6/1/41 | 50,679 | ** | 53,094 | |||||||||||||||
FHLM ARM 3.464% 5/1/41#1B8304 | 43,834 | ** | 46,279 | |||||||||||||||
FHLM ARM 3.53% 4/40 #1B4657 | 69,066 | ** | 74,235 | |||||||||||||||
FHLM ARM 3.627% 6/1/41#1B8372 | 59,520 | ** | 62,984 | |||||||||||||||
FHLM ARM 3.717% 05/41#1B8124 | 49,979 | ** | 52,947 | |||||||||||||||
CFGNR 2011-150 D 3% 4/37 | 36,682 | ** | 37,342 | |||||||||||||||
CGCMT 13-GC11 A1 0.672% 12/17 | 206,611 | ** | 205,856 | |||||||||||||||
COMM 06-C8 A4 5.306% 12/46 | 624,504 | ** | 664,315 | |||||||||||||||
COMM 2006-C7 A1A CSTR 6/46 | 674,416 | ** | 711,940 | |||||||||||||||
COMM 2006-C7 A4 CSTR 6/46 | 645,038 | ** | 679,297 | |||||||||||||||
COMM 2006-C8 A1A 5.292 12/46 | 508,996 | ** | 546,090 | |||||||||||||||
COMM 2013-LC6 A1 .7240% 1/46 | 155,124 | ** | 154,405 | |||||||||||||||
DBUBS 2011-LC3A A1 2.238 8/44 | 34,886 | ** | 35,242 | |||||||||||||||
FHR 2010-3645 KP 5% 02/40 | 471,751 | ** | 525,460 | |||||||||||||||
FHR 2011-3938 BE 2% 10/21 | 402,299 | ** | 409,547 | |||||||||||||||
FHR 2382 MB 6% 11/16 | 17,291 | ** | 18,040 | |||||||||||||||
FHR 3117 JF 1ML+30 2/36 | 158,840 | ** | 159,585 | |||||||||||||||
FHR 3696 AE 1.2% 7/15 | 7,913 | ** | 7,919 | |||||||||||||||
FHR 3741 HD 3% 11/15/39 | 210,356 | ** | 217,313 | |||||||||||||||
FHR 3763 QA 4% 4/34 | 218,819 | ** | 229,793 | |||||||||||||||
FHR 3820 DA 4% 11/35 | 230,575 | ** | 246,345 | |||||||||||||||
FHR 3943 EF 1ML+25 2/26 | 268,760 | ** | 269,268 | |||||||||||||||
FHR 4046 LA 3% 11/2026 | 607,222 | ** | 632,719 | |||||||||||||||
FHR 4176 BA 3% 2/33 | 334,731 | ** | 346,281 | |||||||||||||||
FHR 4181 LA 3% 3/37 | 476,333 | ** | 492,802 | |||||||||||||||
FHR SER 4221 CLS GA 1.4% 7/23 | 812,751 | ** | 811,224 | |||||||||||||||
FNR 2003-74 PG 4.5% 8/18 | 80,191 | ** | 84,064 | |||||||||||||||
FNR 2005-106 UF 1ML+30 11/35 | 152,513 | ** | 153,374 | |||||||||||||||
FNR 2005-90 FC 1ML+25 10/35 | 157,675 | ** | 158,278 | |||||||||||||||
FNR 2008-29 BG 4.7% 12/35 | 59,770 | ** | 62,172 |
19
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, 2014
(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 | ||||||||||||||
FNR 2008-95 AD 4.5% 12/23 | 182,553 | ** | 189,950 | |||||||||||||||
FNR 2010-123 DL 3.5% 11/25 | 67,369 | ** | 69,706 | |||||||||||||||
FNR 2010-135 DE 2.25% 4/24 | 165,267 | ** | 169,158 | |||||||||||||||
FNR 2010-143 B 3.5% 12/25 | 117,813 | ** | 122,509 | |||||||||||||||
FNR 2011-23 AB 2.75% 6/25/20 | 97,308 | ** | 99,859 | |||||||||||||||
FNR 2011-88 AB 2.5% 9/26 | 127,229 | ** | 130,488 | |||||||||||||||
FNR 2011-99 DV 5% 01/26 | 456,474 | ** | 486,997 | |||||||||||||||
FNR 2012-15 FP 1ML+38 6/40 | 498,046 | ** | 500,322 | |||||||||||||||
FNR 2013-16 GP 3% 03/33 | 680,456 | ** | 707,105 | |||||||||||||||
FNR 2013-9 FA 1ML+35 03/42 | 756,946 | ** | 760,508 | |||||||||||||||
GECMC 2005-C2 A4 CSTR 5/43 | 624,690 | ** | 628,424 | |||||||||||||||
GECMC 2006-C1 A1A CSTR 3/44 | 653,072 | ** | 681,802 | |||||||||||||||
GECMC 2006-C1 A4 CSTR 3/44 | 499,837 | ** | 514,460 | |||||||||||||||
GMACC 2004-C2 A4 5.301% 8/38 | 2,783 | ** | 2,799 | |||||||||||||||
GNR 13-41 PA 2.5% 04/40 | 422,905 | ** | 434,325 | |||||||||||||||
GNR 2010-112 PM 3.25% 9/33 | 7,544 | ** | 7,567 | |||||||||||||||
GNR 2010-120 FB 1ML+30 9/35 | 142,846 | ** | 143,123 | |||||||||||||||
GNR 2010-99 PT 3.5% 8/33 | 9,181 | ** | 9,212 | |||||||||||||||
GSMS 2006-GG6 A1A CSTR 4/38 | 319,662 | ** | 332,987 | |||||||||||||||
GSMS 2006-GG6 A4 CSTR 4/38 | 647,000 | ** | 666,921 | |||||||||||||||
GSMS 2006-GG8 A1A 5.547 11/39 | 326,724 | ** | 349,378 | |||||||||||||||
GSMS 2006-GG8 A4 5.56% 11/39 | 387,456 | ** | 411,981 | |||||||||||||||
GSMS 2012-GC6 A1 1.282% 1/45 | 49,926 | ** | 50,158 | |||||||||||||||
GSMS 2013-GC10 A1 .696% 2/46 | 45,221 | ** | 45,075 | |||||||||||||||
GSMS 2013-GC10 A2 1.84% 2/46 | 160,000 | ** | 160,466 | |||||||||||||||
GSMS 2013-GC12 A1 VAR 06/46 | 204,989 | ** | 203,352 | |||||||||||||||
* | JPMCC 2005-LDP2 A3 4.697 7/42 | 941 | ** | 945 | ||||||||||||||
* | JPMCC 2006-CB16 A1A 5.546 5/45 | 904,561 | ** | 962,214 | ||||||||||||||
* | JPMCC 2006-LDP7 A1A CSTR 4/45 | 699,402 | ** | 742,645 | ||||||||||||||
* | JPMCC 2006-LDP7 A4 CSTR 4/45 | 420,000 | ** | 440,671 | ||||||||||||||
* | JPMCC 2007-LD11 A2 CSTR 6/49 | 4,657 | ** | 4,670 | ||||||||||||||
* | JPMCC 2012-C6 A2 2.2058% 5/45 | 370,000 | ** | 377,521 | ||||||||||||||
* | JPMCC 2013-C10 .7302% 12/15/47 | 153,639 | ** | 152,481 | ||||||||||||||
FNMA 6.50% 7/32 #545759 | 30,594 | ** | 35,755 | |||||||||||||||
FNMA 6.50% 7/32 #545762 | 18,183 | ** | 21,249 | |||||||||||||||
FNMA 6.50% 7/35 #745092 | 19,265 | ** | 22,480 | |||||||||||||||
FNMA 6.50% 8/36 #888034 | 26,171 | ** | 30,568 | |||||||||||||||
FNMA 6.50% 12/32 #735415 | 18,284 | ** | 21,361 | |||||||||||||||
FNMA 15YR 3.50% 1/26 #AL1168 | 197,361 | ** | 210,442 | |||||||||||||||
FNMA 15YR 3.50% 3/27 #AL1746 | 820,912 | ** | 875,576 | |||||||||||||||
FNMA 15YR 6.00% 12/16 #545375 | 2,569 | ** | 2,674 | |||||||||||||||
FNMA 15YR 6.00% 12/17 #254547 | 1,045 | ** | 1,107 | |||||||||||||||
FNMA 15YR 6.50% 8/15 #535511 | 1,334 | ** | 1,353 | |||||||||||||||
FNMA 15YR 7.00% 11/18 #555999 | 781 | ** | 816 | |||||||||||||||
FNMA 5.50% 11/34 #310105 | 684,466 | ** | 772,255 | |||||||||||||||
FNMA 6.50% 12/35 #AD0723 | 103,072 | ** | 120,380 | |||||||||||||||
FNMA 6.50% 8/36 #888544 | 87,865 | ** | 102,375 | |||||||||||||||
FNMA 6.50% 8/36 #AE0746 | 78,843 | ** | 90,233 | |||||||||||||||
FNMA ARM 2.57% 10/41 #AH5261 | 153,052 | ** | 159,262 | |||||||||||||||
FNMA ARM 2.61% 4/35 #995609 | 32,601 | ** | 34,957 | |||||||||||||||
FNMA ARM 2.69% 9/41 #AH5260 | 221,364 | ** | 231,497 | |||||||||||||||
FNMA ARM 3.01% 8/41 #AI4358 | 45,215 | ** | 47,174 | |||||||||||||||
FNMA ARM 3.47% 3/40 #AD0820 | 64,691 | ** | 69,307 | |||||||||||||||
FNMA ARM 3.60% 3/40 #AD1555 | 99,600 | ** | 107,058 | |||||||||||||||
FNMA ARM 4.21% 5/35 #889946 | 87,368 | ** | 92,909 | |||||||||||||||
FNMA ARM 4.285% 7/33#AD0066 | 30,691 | ** | 32,658 | |||||||||||||||
FNMA ARM 4.30% 2/35 #995017 | 725,614 | ** | 770,939 | |||||||||||||||
FNMA ARM 4.53% 12/34 #802852 | 61,918 | ** | 66,160 | |||||||||||||||
FNMA ARM 4.68% 11/34 #735011 | 66,572 | ** | 71,160 | |||||||||||||||
FNMA ARM 06/42#AO2244 | 61,515 | ** | 63,606 | |||||||||||||||
FNMA ARM 09/41#AI9813 | 35,523 | ** | 37,167 | |||||||||||||||
FNMA ARM 10/41#AJ3399 | 15,870 | ** | 16,642 | |||||||||||||||
FNMA ARM 11/40#AE6806 | 31,924 | ** | 33,565 | |||||||||||||||
FNMA ARM 3.228% 7/41#AI3469 | 62,250 | ** | 65,573 | |||||||||||||||
FNMA ARM 3.365% 10/41#AI6819 | 29,274 | ** | 30,864 | |||||||||||||||
FNMA ARM 3.545% 07/41#AI6050 | 65,914 | ** | 69,667 | |||||||||||||||
FNMA ARM 4.512% 12/36 #995606 | 102,406 | ** | 109,465 | |||||||||||||||
FNMA ARM 4.53% 10/35 #995414 | 82,683 | ** | 88,069 | |||||||||||||||
FNMA ARM 4.55% 10/35 #995415 | 334,290 | ** | 356,985 | |||||||||||||||
GNMA 30YR 5.5% 06/35#783800 | 122,435 | ** | 139,898 | |||||||||||||||
LBUBS 2006-C6 A1A CSTR 9/39 | 582,508 | ** | 617,477 | |||||||||||||||
LBUBS 2006-C6 A4 5.372% 9/39 | 381,000 | ** | 403,901 | |||||||||||||||
LBUBS 2007-C7 A3 5.886% 9/45 | 278,828 | ** | 307,244 | |||||||||||||||
MLCFC 2006-3 A4 CSTR 7/46 | 1,335,714 | ** | 1,413,019 | |||||||||||||||
MLMT 2005-CKI1 A1A CSTR 11/37 | 166,244 | ** | 171,525 | |||||||||||||||
MLMT 2006-C2 A1A CSTR 8/43 | 549,091 | ** | 583,549 |
20
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, 2014
(a) | (b) Identity of issue, borrower, lessor, or similar party | (c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value | (d) Cost | (e) Current value | ||||||||||||||
MSBAM 2014-C14 A2 2.916% 1/47 | 566,000 | ** | 585,018 | |||||||||||||||
MSC 2006-HQ9 A4 CSTR 7/44 | 428,972 | ** | 452,378 | |||||||||||||||
MSC 2006-IQ11 A1A CSTR 10/42 | 571,754 | ** | 600,986 | |||||||||||||||
MSC 2007-IQ13 A1A 5.312% 3/44 | 201,969 | ** | 217,322 | |||||||||||||||
MSC 2007-T27 A1A CSTR 6/42 | 768,261 | ** | 835,540 | |||||||||||||||
UBSBB 2012-C2 A1 1.006% 5/63 | 212,213 | ** | 212,423 | |||||||||||||||
UBSBB 2012-C4 A1 .6728 12/45 | 164,078 | ** | 163,270 | |||||||||||||||
UBSBB 2013-C6 A1 .805% 4/46 | 173,993 | ** | 172,912 | |||||||||||||||
UBSCM 2012-C1 A1 1.032% 5/45 | 85,150 | ** | 85,455 | |||||||||||||||
UBSCM 2012-C1 A2 2.180% 5/45 | 330,000 | ** | 335,882 | |||||||||||||||
WBCMT 2006-C23 A1A CSTR 1/45 | 624,817 | ** | 651,735 | |||||||||||||||
WBCMT 2006-C23 A5 CSTR 1/45 | 680,000 | ** | 707,548 | |||||||||||||||
WBCMT 2006-C24 A1A CSTR 3/45 | 534,885 | ** | 559,940 | |||||||||||||||
WBCMT 2006-C25 A1A CSTR 5/43 | 461,187 | ** | 482,867 | |||||||||||||||
WBCMT 2006-C25 A5 CSTR 5/43 | 180,000 | ** | 189,369 | |||||||||||||||
WBCMT 2006-C26 A1A CSTR 6/45 | 578,679 | ** | 615,629 | |||||||||||||||
WBCMT 2006-C27 A3 CSTR 7/45 | 196,010 | ** | 206,238 | |||||||||||||||
WBCMT 2006-C29 A1A 5.297 11/48 | 865,107 | ** | 926,535 | |||||||||||||||
WBCMT 2007-C31A A2 5.421% 4/47 | 34,168 | ** | 34,299 | |||||||||||||||
WFCM 2013-LC12 A1 1.676% 7/46 | 552,624 | ** | 553,622 | |||||||||||||||
WFRBS 13-C14 A1 .836% 6/15/46 | 126,542 | ** | 126,058 | |||||||||||||||
WFRBS 2011-C5 A1 1.456 11/44 | 44,400 | ** | 44,691 | |||||||||||||||
WFRBS 2012-C8 A1 .864% 8/45 | 146,302 | ** | 146,319 | |||||||||||||||
WFRBS 2012-C8 A2 1.881% 8/45 | 360,000 | ** | 363,705 | |||||||||||||||
WFRBS 2013-C11 A1 .799% 03/45 | 94,112 | ** | 93,923 | |||||||||||||||
WFRBS 2013-C14 A2 2.133% 6/46 | 150,000 | ** | 151,426 | |||||||||||||||
|
|
|
| |||||||||||||||
Total Mortgage Backed Securities | $ | - | $ | 48,666,761 | ||||||||||||||
|
|
|
| |||||||||||||||
Asset Backed Securities: | ||||||||||||||||||
ALLYA 2013-1 A3 .63% 5/15/17 | 738,493 | ** | 738,838 | |||||||||||||||
ALLYL 2014-SN1 A3 .75% 02/17 | 387,000 | ** | 386,411 | |||||||||||||||
AMXCA 2012-2 A .68% 3/18 | 1,910,000 | ** | 1,912,038 | |||||||||||||||
AMXCA 2012-5 A 0.59% 5/18 | 2,770,000 | ** | 2,769,981 | |||||||||||||||
AMXCA 2013-3 A .98% 05/19 | 696,000 | ** | 696,063 | |||||||||||||||
AMXCA 2014-2 A 1.26% 1/20 | 681,000 | ** | 679,750 | |||||||||||||||
AMXCA 2014-3 A 1.49% 04/20 | 980,000 | ** | 981,538 | |||||||||||||||
BMWLT 2014-1 A3 .73% 02/17 | 630,000 | ** | 629,565 | |||||||||||||||
CARMX 2013-3 A3 .97% 11/15/16 | 550,000 | ** | 551,397 | |||||||||||||||
CARMX 2014-3 A3 1.16% 06/19 | 411,000 | ** | 409,667 | |||||||||||||||
CARMX 2014-4 A3 1.25% 11/19 | 332,000 | ** | 331,274 | |||||||||||||||
CCCIT 13-A3 A3 1.11% 7/23/18 | 610,000 | ** | 614,656 | |||||||||||||||
CCCIT 2013-A6 A6 1.32% 09/18 | 756,000 | ** | 763,351 | |||||||||||||||
CCCIT 2014 A2 1.02% 02/19 | 1,032,000 | ** | 1,031,804 | |||||||||||||||
CCCIT 2014-A4 A4 1.23% 04/19 | 685,000 | ** | 685,495 | |||||||||||||||
CCCIT 2014-A6 A6 2.15% 07/21 | 662,000 | ** | 668,422 | |||||||||||||||
CCCIT 2014-A8 A8 1.73% 04/20 | 650,000 | ** | 653,958 | |||||||||||||||
CHAIT 2012-A8 A8 0.54% 10/17 | 2,270,000 | ** | 2,269,423 | |||||||||||||||
CHAIT 2013-A8 A8 1.01% 10/18 | 762,000 | ** | 762,328 | |||||||||||||||
CHAIT 2014-A1 A 1.15% 01/19 | 1,890,000 | ** | 1,890,038 | |||||||||||||||
CHAIT 2014-A7 A 1.38% 11/19 | 829,000 | ** | 826,214 | |||||||||||||||
COMET 2013-A1 A1 .63% 11/18 | 2,034,000 | ** | 2,032,969 | |||||||||||||||
COMET 2013-A3 A3 .96% 9/19 | 894,000 | ** | 891,089 | |||||||||||||||
COMET 2014-A2 A2 1.26% 01/20 | 690,000 | ** | 689,545 | |||||||||||||||
COMET 2014-A5 A 1.48% 07/20 | 1,640,000 | ** | 1,641,448 | |||||||||||||||
DCENT 2013-A2 A2 .69% 07/18 | 1,850,000 | ** | 1,848,249 | |||||||||||||||
DCENT 2013-A5 A5 1.04% 04/19 | 758,000 | ** | 757,604 | |||||||||||||||
DCENT 2014-A3 A3 1.22% 10/19 | 685,000 | ** | 684,203 | |||||||||||||||
DCENT 2014-A4 A4 2.12% 12/21 | 639,000 | ** | 641,026 | |||||||||||||||
DCENT 2014-A5 A 1.39% 04/20 | 1,305,000 | ** | 1,303,081 | |||||||||||||||
FORDL 2013-B A3 .76% 09/16 | 290,000 | ** | 290,281 | |||||||||||||||
FORDL 2014-A A3 .68% 04/17 | 331,000 | ** | 330,799 | |||||||||||||||
FORDO 2013-A A3 .55% 07/17 | 397,146 | ** | 397,153 | |||||||||||||||
GEMNT 2012-1 A 1.03% 1/18 | 730,000 | ** | 730,477 | |||||||||||||||
GEMNT 2012-5 A 0.95% 6/15/18 | 980,000 | ** | 981,983 | |||||||||||||||
HAROT 2013-1 A3 .48% 12/15 | 664,378 | ** | 664,369 | |||||||||||||||
HAROT 2013-2 A3 .53% 2/17 | 270,000 | ** | 270,055 | |||||||||||||||
HAROT 2013-3 A3 0.77% 05/17 | 450,000 | ** | 450,541 | |||||||||||||||
HART 2013-A A3 0.56% 7/17 | 460,371 | ** | 460,645 | |||||||||||||||
HART 2013-B A3 .71% 09/17 | 660,000 | ** | 660,638 | |||||||||||||||
HART 2013-C A3 1.01% 02/18 | 210,000 | ** | 210,698 |
21
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, 2014
(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 | ||||||||||||||
HART 2014-A A3 0.79% 07/18 | 344,000 | ** | 343,687 | |||||||||||||||
MBALT 2013-B A3 0.62% 07/16 | 580,000 | ** | 580,405 | |||||||||||||||
MBALT 2014-A A3 .68% 12/16 | 510,000 | ** | 510,130 | |||||||||||||||
MBART 2013-1 A3 0.78% 08/17 | 470,000 | ** | 470,827 | |||||||||||||||
NALT 2012-B A4 0.74% 9/18 | 199,000 | ** | 199,125 | |||||||||||||||
NALT 2014-A A3 .80% 02/17 | 373,000 | ** | 372,883 | |||||||||||||||
NAROT 2013-B A3 0.84% 11/17 | 660,000 | ** | 660,880 | |||||||||||||||
NEF 2005-1 A5 4.74% 10/45 | 133,337 | ** | 132,808 | |||||||||||||||
SLMA 2012-7 A2 1ML+28 9/19 | 370,000 | ** | 369,502 | |||||||||||||||
VALET 2013-1 A3 .56% 8/17 | 553,709 | ** | 553,297 | |||||||||||||||
VALET 2013-2 A3 0.7% 04/18 | 752,000 | ** | 749,919 | |||||||||||||||
VALET 2014-1 A3 .91% 10/22/18 | 454,000 | ** | 452,054 | |||||||||||||||
VWALT 2013-A A3 0.84% 07/16 | 490,000 | ** | 490,954 | |||||||||||||||
VWALT 2014-A A3 .80% 4/20/17 | 517,000 | ** | 515,477 | |||||||||||||||
WOART 2013-A A3 .64% 4/16/18 | 320,000 | ** | 319,889 | |||||||||||||||
WOART 2014-B A3 1.14% 1/20 | 602,000 | ** | 598,978 | |||||||||||||||
WOLS 2013-A A3 1.10% 12/16 | 700,000 | ** | 702,914 | |||||||||||||||
WOLS 2014-A A3 1.16% 09/17 | 463,000 | ** | 464,224 | |||||||||||||||
|
|
|
| |||||||||||||||
Total Asset Backed Securities | $ | 44,677,017 | ||||||||||||||||
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|
| |||||||||||||||
Corporate Bonds: | ||||||||||||||||||
APPLE INC 1% 5/3/18 | 1,388,000 | ** | 1,368,291 | |||||||||||||||
APPLE INC 2.85% 5/6/21 | 510,000 | ** | 523,930 | |||||||||||||||
AUSTRALIA & NZ 1.875% 10/06/17 | 393,000 | ** | 398,330 | |||||||||||||||
AUSTRALIA & NZ 1.45% 5/15/18 | 370,000 | ** | 365,938 | |||||||||||||||
ANZ NY BRAN 1.25% 1/10/17 | 350,000 | ** | 352,205 | |||||||||||||||
AUST & NZ BKG NY 2.25% 6/13/19 | 710,000 | ** | 714,200 | |||||||||||||||
BANK NOVA SCOTIA 2.8% 07/21/21 | 500,000 | ** | 506,431 | |||||||||||||||
BANK OF MONTREL 2.375% 1/25/19 | 400,000 | ** | 407,961 | |||||||||||||||
BANK OF NY MTN 2.4% 1/17/17 | 930,000 | ** | 962,781 | |||||||||||||||
BERK HATH INC 1.9% 1/31/17 | 740,000 | ** | 756,617 | |||||||||||||||
BERKSHIRE HTHWY INC 2.1% 08/19 | 1,000,000 | ** | 1,014,292 | |||||||||||||||
BK NOVA SCOTIA 1.375 12/18/17 | 603,000 | ** | 599,497 | |||||||||||||||
BK OF NOVA SCOTIA 2.05% 6/5/19 | 1,000,000 | ** | 997,866 | |||||||||||||||
CHEVRON CORP NE 1.104% 12/5/17 | 740,000 | ** | 736,913 | |||||||||||||||
CISCO SYSTEMS I 1.1% 03/17 | 700,000 | ** | 703,055 | |||||||||||||||
CISCO SYSTEMS INC 2.125% 3/19 | 690,000 | ** | 698,134 | |||||||||||||||
COCA-COLA CO 1.15% 04/01/18 | 760,000 | ** | 753,460 | |||||||||||||||
COLGATE-PALMOLIVE 0.9% 5/1/18 | 483,000 | ** | 472,713 | |||||||||||||||
COMMONWEALTH BK NY 1.4% 09/17 | 320,000 | ** | 319,691 | |||||||||||||||
COMMONWEALTH BK NY 2.3% 9/6/19 | 650,000 | ** | 655,082 | |||||||||||||||
COMMONWEALTH NY 2.25% 03/13/19 | 681,000 | ** | 688,770 | |||||||||||||||
GENERAL ELE CAP CR 1.5 7/12/16 | 2,070,000 | ** | 2,106,476 | |||||||||||||||
GENERAL ELEC CO 3.375% 3/11/24 | 602,000 | ** | 628,103 | |||||||||||||||
HSBC USA INC 2.625% 09/24/18 | 198,000 | ** | 204,485 | |||||||||||||||
INTL FIN CORP .875% 06/15/18 | 1,321,000 | ** | 1,299,049 | |||||||||||||||
* | JPMORGAN CHASE 3.15% 7/05/16 | 481,000 | ** | 501,960 | ||||||||||||||
MANITOBA (PROV) 1.125% 6/1/18 | 950,000 | ** | 940,440 | |||||||||||||||
MICROSOFT CORP .875% 11/15/17 | 117,000 | ** | 115,973 | |||||||||||||||
MICROSOFT CORP 1.625% 12/06/18 | 1,000,000 | ** | 1,002,217 | |||||||||||||||
MIDAMERICAN ENE 2.4% 03/15/19 | 750,000 | ** | 766,813 | |||||||||||||||
PEPSICO INC 7.9% 11/01/18 | 335,000 | ** | 411,970 | |||||||||||||||
PROCTER & GAMBLE 1.6% 11/15/18 | 689,000 | ** | 688,706 | |||||||||||||||
PUBLIC SVC ELEC 1.8% 06/01/19 | 700,000 | ** | 694,551 | |||||||||||||||
RABOBANK NDL 1.7% 3/19/18 | 760,000 | ** | 762,332 | |||||||||||||||
ROYAL BANK CAN 1.45% 09/09/16 | 329,000 | ** | 332,901 | |||||||||||||||
ROYAL BANK OF CAN 1.2% 1/23/17 | 451,000 | ** | 453,070 | |||||||||||||||
ROYAL BK CAN GL .85% 03/08/16 | 550,000 | ** | 551,775 | |||||||||||||||
ROYAL BK CAN GL 1.5% 01/14/18 | 603,000 | ** | 603,846 | |||||||||||||||
ROYAL BK CANADA 2.3% 7/20/16 | 213,000 | ** | 219,618 | |||||||||||||||
ROYAL BK CDA 2.2% 7/27/18 | 769,000 | ** | 784,773 | |||||||||||||||
ROYAL BK OF CDA 2.15% 03/15/19 | 340,000 | ** | 343,727 | |||||||||||||||
SAN DIEGO G&E 3% 8/15/21 | 550,000 | ** | 570,066 | |||||||||||||||
SHELL INTL FIN 1.125% 8/21/17 | 590,000 | ** | 591,435 | |||||||||||||||
SUMITOMO BKG 2.25% 07/11/19 | 500,000 | ** | 500,560 | |||||||||||||||
SUMITOMO BKG 2.45% 1/10/19 | 430,000 | ** | 436,951 | |||||||||||||||
SUMITOMO MITSUI BKG 1.8% 7/17 | 944,000 | ** | 953,131 | |||||||||||||||
TORONTO DOM 1.4% 4/30/18 | 760,000 | ** | 757,041 | |||||||||||||||
TORONTO DOM BK 2.125% 7/02/19 | 340,000 | ** | 341,997 | |||||||||||||||
TORONTO DOM BK 2.5% 7/14/16 | 717,000 | ** | 742,989 | |||||||||||||||
TORONTO DOMINI 2.375% 10/19/16 | 767,000 | ** | 788,623 | |||||||||||||||
TORONTO DOMINI 2.625% 09/10/18 | 754,000 | ** | 779,257 | |||||||||||||||
TORONTO DOMINION 2.25% 11/5/19 | 490,000 | ** | 492,689 | |||||||||||||||
TOTAL CAP CDA L 1.45% 01/15/18 | 416,000 | ** | 415,844 |
22
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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, 2014
(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 | ||||||||||||||
TOTAL CAP INTL 1.55% 6/28/17 | 390,000 | ** | 391,406 | |||||||||||||||
TOTAL CAP INTL 2.125% 01/10/19 | 700,000 | ** | 709,342 | |||||||||||||||
TOTAL CAP INTL 2.75% 06/19/21 | 340,000 | ** | 341,583 | |||||||||||||||
TOTAL CAPITAL SA 1.5% 2/17/17 | 390,000 | ** | 394,789 | |||||||||||||||
TOYOTA MOTOR CR 2% 10/24/18 | 700,000 | ** | 709,363 | |||||||||||||||
TOYOTA MOTOR CRDIT 2.125% 7/19 | 500,000 | ** | 506,293 | |||||||||||||||
US BANK NA 1.1% 01/30/17 | 700,000 | ** | 702,684 | |||||||||||||||
US BANK NA CIN 2.125% 10/19 | 1,451,000 | ** | 1,451,692 | |||||||||||||||
WAL MART STORES 3.3% 04/22/24 | 342,000 | ** | 355,283 | |||||||||||||||
WAL-MART STORES 1.125% 4/18 | 762,000 | ** | 755,166 | |||||||||||||||
WELLS FARGO & CO 2.15% 1/15/19 | 642,000 | ** | 650,063 | |||||||||||||||
WELLS FARGO 1.5% 01/18 | 1,500,000 | ** | 1,502,105 | |||||||||||||||
WELLS FARGO 3% 01/22/21 | 635,000 | ** | 655,345 | |||||||||||||||
WELLS FARGO&COM 3.676% 6/15/16 | 650,000 | ** | 681,429 | |||||||||||||||
WESTPAC BANK CORP 1.2% 5/19/17 | 680,000 | ** | 677,977 | |||||||||||||||
WESTPAC BANKING 1.5% 12/01/17 | 330,000 | ** | 330,055 | |||||||||||||||
WESTPAC BANKING CRP 2% 8/14/17 | 703,000 | ** | 717,689 | |||||||||||||||
WPACBKG 1.6% 1/12/18 | 402,000 | ** | 404,995 | |||||||||||||||
|
|
|
| |||||||||||||||
Total Corporate Bonds | - | $ | 46,716,784 | |||||||||||||||
|
|
|
| |||||||||||||||
Wrapper Contracts: | ||||||||||||||||||
GIC State Street Bank and Trust Company Boston Contract # 107049 | ** | 35,361 | ||||||||||||||||
GIC Monumental Life Insurance Company Contract # MDA01058TR-00 | ** | 36,551 | ||||||||||||||||
|
|
|
| |||||||||||||||
Total Wrapper Contracts | - | $ | 71,912 | |||||||||||||||
|
|
|
| |||||||||||||||
3.25% | ||||||||||||||||||
* | Participant loans | Maturing 2015 - 2020 | ** | 71,873,571 | ||||||||||||||
|
|
|
| |||||||||||||||
Total investments at year end | 282,088,752 | 3,674,591,301 | ||||||||||||||||
|
|
|
| |||||||||||||||
* Party-in-interest | ||||||||||||||||||
** Historical cost is disclosed only for non-participant directed investments |
23
Table of Contents
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 24, 2015 | 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 |
24
Table of Contents
Exhibit Number | Description | |
23(a) | Consent of Crowe Horwath LLP |
25