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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
☒ | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2016
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)
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
FINANCIAL STATEMENTS
DECEMBER 31, 2016 AND 2015
TABLE OF CONTENTS
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| | Crowe Horwath LLP Independent Member Crowe Horwath International |
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Participants and the Employee Benefit Plans
Administrative Committee
NextEra Energy, Inc. Employee Retirement Savings Plan
Juno Beach, Florida
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, 2016 and 2015, and the related statement of changes in net assets available for benefits for the year ended December 31, 2016. 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, 2016 and 2015, and the changes in net assets available for benefits for the year ended December 31, 2016 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, 2016 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.
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Crowe Horwath LLP
Columbus, Ohio
June 22, 2017
1
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2016 AND 2015
| | | | | | | | | | | | | | | | |
| | December 31, 2016 | |
| | | | | Nonparticipant-Directed | | | | |
| | Participant- Directed | | | Allocated | | | Unallocated | | | Total | |
ASSETS | | | | | | | | | | | | | | | | |
Investments, at fair value (see Note 7) | | | | | | | | | | | | | | | | |
Registered investment companies | | $ | 371,045,386 | | | $ | 15,269,859 | | | $ | – | | | $ | 386,315,245 | |
Collective trust funds | | | 1,412,853,250 | | | | – | | | | – | | | | 1,412,853,250 | |
Common stock other than NextEra Energy, Inc. common stock | | | 270,387,389 | | | | – | | | | – | | | | 270,387,389 | |
NextEra Energy, Inc. common stock | | | 424,506,346 | | | | 961,994,763 | | | | – | | | | 1,386,501,109 | |
| | | | | | | | | | | | | | | | |
Total investments, at fair value | | | 2,478,792,371 | | | | 977,264,622 | | | | – | | | | 3,456,056,993 | |
Investments, at contract value (see Note 8) | | | 321,574,692 | | | | – | | | | – | | | | 321,574,692 | |
| | | | | | | | | | | | | | | | |
Total investments | | | 2,800,367,063 | | | | 977,264,622 | | | | – | | | | 3,777,631,685 | |
| | | | | | | | | | | | | | | | |
Receivables | | | | | | | | | | | | | | | | |
Participant loans | | | 70,823,295 | | | | – | | | | – | | | | 70,823,295 | |
Pending trades due from brokers | | | 921,820 | | | | – | | | | – | | | | 921,820 | |
Other receivables | | | 177,479 | | | | 220,887 | | | | – | | | | 398,366 | |
| | | | | | | | | | | | | | | | |
Total receivables | | | 71,922,594 | | | | 220,887 | | | | – | | | | 72,143,481 | |
| | | | |
Non-interest bearing cash | | | 354,442 | | | | – | | | | – | | | | 354,442 | |
| | | | | | | | | | | | | | | | |
Total assets | | | 2,872,644,099 | | | | 977,485,509 | | | | – | | | | 3,850,129,608 | |
| | | | | | | | | | | | | | | | |
| | | | |
LIABILITIES | | | | | | | | | | | | | | | | |
Pending trades due to brokers | | | 664,816 | | | | – | | | | – | | | | 664,816 | |
Other payables | | | 1,401,526 | | | | 124,931 | | | | – | | | | 1,526,457 | |
| | | | | | | | | | | | | | | | |
Total liabilities | | | 2,066,342 | | | | 124,931 | | | | – | | | | 2,191,273 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NET ASSETS AVAILABLE FOR BENEFITS | | $ | 2,870,577,757 | | | $ | 977,360,578 | | | $ | – | | | $ | 3,847,938,335 | |
| | | | | | | | | | | | | | | | |
The accompanying Notes to Financial Statements are an integral part of these statements.
2
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2016 AND 2015
| | | | | | | | | | | | | | | | |
| | December 31, 2015 | |
| | | | | Nonparticipant-Directed | | | | |
| | Participant- Directed | | | Allocated | | | Unallocated | | | Total | |
ASSETS | | | | | | | | | | | | | | | | |
Investments, at fair value (see Note 7) | | | | | | | | | | | | | | | | |
Registered investment companies | | $ | 259,161,413 | | | $ | 7,388,939 | | | $ | – | | | $ | 266,550,352 | |
Collective trust funds | | | 1,261,798,137 | | | | – | | | | – | | | | 1,261,798,137 | |
Common stock other than NextEra Energy, Inc. common stock | | | 356,182,868 | | | | – | | | | – | | | | 356,182,868 | |
NextEra Energy, Inc. common stock | | | 398,691,869 | | | | 864,544,426 | | | | 10,535,693 | | | | 1,273,771,988 | |
Corporate bonds | | | 28,560 | | | | – | | | | – | | | | 28,560 | |
| | | | | | | | | | | | | | | | |
Total investments, at fair value | | | 2,275,862,847 | | | | 871,933,365 | | | | 10,535,693 | | | | 3,158,331,905 | |
Investments, at contract value (see Note 8) | | | 307,451,143 | | | | – | | | | – | | | | 307,451,143 | |
| | | | | | | | | | | | | | | | |
Total investments | | | 2,583,313,990 | | | | 871,933,365 | | | | 10,535,693 | | | | 3,465,783,048 | |
| | | | | | | | | | | | | | | | |
| | | | |
Receivables | | | | | | | | | | | | | | | | |
Participant loans | | | 71,861,913 | | | | – | | | | – | | | | 71,861,913 | |
Pending trades due from brokers | | | 630,660 | | | | – | | | | – | | | | 630,660 | |
Other receivables | | | 2,443,708 | | | | – | | | | 58 | | | | 2,443,766 | |
| | | | | | | | | | | | | | | | |
Total receivables | | | 74,936,281 | | | | – | | | | 58 | | | | 74,936,339 | |
| | | | |
Non-interest bearing cash | | | 649,288 | | | | 9 | | | | – | | | | 649,297 | |
| | | | | | | | | | | | | | | | |
Total assets | | | 2,658,899,559 | | | | 871,933,374 | | | | 10,535,751 | | | | 3,541,368,684 | |
| | | | | | | | | | | | | | | | |
| | | | |
LIABILITIES | | | | | | | | | | | | | | | | |
Leveraged ESOP note: (see Note 4) | | | | | | | | | | | | | | | | |
Current | | | – | | | | – | | | | 3,340,882 | | | | 3,340,882 | |
Interest payable (Leveraged ESOP) | | | – | | | | – | | | | 10,791 | | | | 10,791 | |
Pending trades due to brokers | | | 498,776 | | | | – | | | | – | | | | 498,776 | |
Other payables | | | 2,159,337 | | | | 56,444 | | | | – | | | | 2,215,781 | |
| | | | | | | | | | | | | | | | |
Total liabilities | | | 2,658,113 | | | | 56,444 | | | | 3,351,673 | | | | 6,066,230 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
NET ASSETS AVAILABLE FOR BENEFITS | | $ | 2,656,241,446 | | | $ | 871,876,930 | | | $ | 7,184,078 | | | $ | 3,535,302,454 | |
| | | | | | | | | | | | | | | | |
The accompanying Notes to Financial Statements are an integral part of these statements.
3
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2016
| | | | | | | | | | | | | | | | |
| | | | | Nonparticipant-Directed | | | | |
| | Participant- Directed | | | Allocated | | | Unallocated | | | Total | |
Additions to net assets attributed to: | | | | | | | | | | | | | | | | |
Net appreciation in fair value of investments | | $ | 201,762,546 | | | $ | 128,339,233 | | | $ | 837,714 | | | $ | 330,939,493 | |
Interest income | | | 8,841,741 | | | | – | | | | – | | | | 8,841,741 | |
Dividend income | | | 24,438,421 | | | | 28,162,776 | | | | 26,818 | | | | 52,628,015 | |
| | | | | | | | | | | | | | | | |
Net investment income | | | 235,042,708 | | | | 156,502,009 | | | | 864,532 | | | | 392,409,249 | |
| | | | |
Contributions | | | | | | | | | | | | | | | | |
Participant | | | 146,611,676 | | | | – | | | | – | | | | 146,611,676 | |
Employer – cash | | | – | | | | – | | | | 3,394,717 | | | | 3,394,717 | |
Employer – NextEra Energy, Inc. common stock | | | – | | | | 40,783,690 | | | | – | | | | 40,783,690 | |
Allocation of Leveraged ESOP shares | | | – | | | | 11,373,407 | | | | – | | | | 11,373,407 | |
| | | | | | | | | | | | | | | | |
Total contributions | | | 146,611,676 | | | | 52,157,097 | | | | 3,394,717 | | | | 202,163,490 | |
| | | | |
Transfer from/to nonparticipant-directed investments | | | 50,475,647 | | | | 999,500 | | | | – | | | | 51,475,147 | |
| | | | | | | | | | | | | | | | |
Total net additions | | | 432,130,031 | | | | 209,658,606 | | | | 4,259,249 | | | | 646,047,886 | |
| | | | |
Deductions from net assets attributed to: | | | | | | | | | | | | | | | | |
Interest expense | | | – | | | | – | | | | 69,920 | | | | 69,920 | |
Benefit payments to participants and beneficiaries | | | 213,162,680 | | | | 53,328,184 | | | | – | | | | 266,490,864 | |
Management and administrative expenses | | | 3,631,540 | | | | 371,127 | �� | | | – | | | | 4,002,667 | |
Transfer from/to participant directed investments | | | 999,500 | | | | 50,475,647 | | | | – | | | | 51,475,147 | |
Decrease in Leveraged ESOP unallocated account | | | – | | | | – | | | | 11,373,407 | | | | 11,373,407 | |
| | | | | | | | | | | | | | | | |
Total deductions | | | 217,793,720 | | | | 104,174,958 | | | | 11,443,327 | | | | 333,412,005 | |
| | | | |
Net increase/(decrease) | | $ | 214,336,311 | | | $ | 105,483,648 | | | $ | (7,184,078 | ) | | $ | 312,635,881 | |
| | | | |
Net assets available for benefits at December 31, 2015 | | $ | 2,656,241,446 | | | $ | 871,876,930 | | | $ | 7,184,078 | | | $ | 3,535,302,454 | |
| | | | | | | | | | | | | | | | |
| | | | |
Net assets available for benefits at December 31, 2016 | | $ | 2,870,577,757 | | | $ | 977,360,578 | | | | – | | | $ | 3,847,938,335 | |
| | | | | | | | | | | | | | | | |
The accompanying Notes to Financial Statements are an integral part of these statements.
4
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2016 AND 2015
1. | Description of the Plan |
The following description of the NextEra Energy, Inc. Employee Retirement Savings Plan (the Plan) provides only general information. Participating employees (Participants) should refer to the Summary Plan Description available in their employee handbook (as updated periodically through Summaries of Material Modifications) for a more complete description of the Plan.
General
The Plan is a defined contribution plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The Plan includes a cash or deferred arrangement (Pretax Option) permitted by Section 401(k) of the Internal Revenue Code of 1986, as amended (the Code). The Pretax Option permits Participants to defer federal income taxes on their contributions (Pretax Contributions) until such contributions are distributed from the Plan.
Employees of NextEra Energy, Inc. (the Company/Employer) and its subsidiaries, with the exception of employees in the International Brotherhood of Electrical Workers local 2150 (IBEW 2150) at NextEra Energy Point Beach, LLC (NextEra Energy Point Beach), are eligible to participate in the Plan on the first day of the month coincident with the completion of one full month of service with the Company or certain of its subsidiaries or on the first day of any payroll period thereafter. Employees in the IBEW 2150 at NextEra Energy Point Beach are eligible to participate in the Plan on the first day of employment.
The Plan included leveraged employee stock ownership plan (Leveraged ESOP) provisions through the expiration of the Leveraged ESOP on March 17, 2016 (see Note 4). The Plan continues to contain employee stock ownership provisions following the Leveraged ESOP expiration. The Leveraged ESOP and its successor employee stock ownership plan (ESOP) are both stock bonus plans within the meaning of U.S. Treasury Regulation Section 1.401-1(b)(1)(iii) that are qualified under Section 401(a) of the Code and are designed to invest primarily in the common stock, par value $.01 per share, of the Company (Company Stock).
The Plan has a Dividend Payout Program which enables Participants to choose how their dividends on certain shares of Company Stock held in the Plan are to be paid. The options available to Participants include reinvestment of dividends in Company Stock or distribution of dividends in cash. Dividends on unallocated Company Stock held in the Leveraged ESOP did 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. Effective January 1, 2016, all non-bargaining and certain bargaining unit employees can make Roth after-tax contributions to the Plan, subject to the 50% limit above. In addition, employees 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 pretax catch up contribution in accordance with Code Section 414(v). Effective January 1, 2016, all non-bargaining and certain bargaining unit employees age 50 or older can also make Roth catch-up contributions, subject to the same limitations above.
5
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2016 AND 2015
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 or rehire. All non-bargaining eligible employees and bargaining unit eligible employees at the NextEra Energy Resources Operating Services, Inc.’s Jamaica Bay Bayswater Plant, bargaining unit eligible employees at NextEra Energy Duane Arnold, LLC (NextEra Energy Duane Arnold) in the International Union, Security Police and Fire Professionals of America local 214 and bargaining unit eligible employees at NextEra Energy Point Beach (not represented by IBEW 2150) hired or rehired on or after January 1, 2015 are 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 or rehire. NextEra Energy Maine Operating Services, LLC (Nextera Energy Maine) bargaining unit eligible employees hired or rehired on or after July 1, 2015 are 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 or rehire.
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, 2016 and 2015.
| | | | |
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 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 2150 | | | | 100% on the first 1% of employee contribution 50% on the next 6% of employee contribution |
Through March 2016, all or part of the required Company contributions to the Plan were 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 made 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 2016 the Company contributed cash of $3,394,717 for required principal and interest payments on Acquisition Indebtedness. Contributions were subject to certain limitations. In March 2016, all of the remaining shares in the Leveraged ESOP suspense account used for match were allocated to participants. Upon the expiration of the Leveraged ESOP and prospectively, the Company is providing matching contributions through the ESOP in the form of Company Stock.
Forfeitures
Forfeitures of non-vested Company matching contributions due to termination of employment may be used to restore amounts previously forfeited or to reduce the amount of future Company matching contributions to the Plan or may be applied to administrative expenses. Forfeitures used to reduce Employer contributions in 2016 totaled $999,500 and forfeitures applied to administrative fees in 2016 totaled $404,234. At December 31, 2016 and 2015, the balance of the forfeiture account was $91,874 and $153,105, respectively.
6
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2016 AND 2015
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 hired prior to August 1, 2006, Company matching contributions are fully vested upon attaining six months of service.
For bargaining unit employees of NextEra Energy Maine hired prior to May 15, 2008, Employer contributions are fully vested upon attaining six months of service. For bargaining unit employees of NextEra Energy Seabrook hired prior to January 1, 2009 and bargaining unit employees of NextEra Energy Point Beach other than employees represented by IBEW 2150, Employer contributions are fully vested immediately. For bargaining unit employees of NextEra Energy Point Beach represented by IBEW 2150 hired on or after September 28, 2007, Employer contributions are fully vested after attaining one year of service. For bargaining unit employees of NextEra Energy Duane Arnold 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 any outstanding loans), whichever is less. The vested portion of a Participant’s account will be pledged as security for the loan. Participants may not have more than two loans outstanding from the Plan at any time. Participant loans have a fixed annual interest rate based on the prime rate as of the first business day of the month in which the loan is originated. Loans outstanding at December 31, 2016 carry an interest rate of 3.25% to 3.50% and mature between 2017 and 2022.
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. Additionally, Plan participants pay a fee of $61 per year to cover some of the administrative expenses of the Plan. All other expenses are paid directly by the Plan through forfeitures or revenue sharing that the Plan receives either directly or indirectly from certain of the Plan’s investment options. Any fees paid directly by the Company are not included in the financial statements.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA and the Code that limited this right while Leveraged ESOP Acquisition Indebtedness remained outstanding. The Acquisition Indebtedness was repaid in March 2016. 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.
7
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2016 AND 2015
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 in the notes have been made to conform to the current presentation. These reclassifications did not have an impact on the Plan’s net assets available for benefits or changes in net assets available for benefits.
Recent Accounting Pronouncements
In 2015, the Financial Accounting Standards Board issued an amendment to accounting principles generally accepted in the United States which removed requirements to show investments in the fair value hierarchy for which fair value is measured using the net asset value per share practical expedient. The removal of these requirements is due to diversity in practice in fair value levelling for these investments, particularly those with future redemption dates. The amendment is effective for periods beginning after December 15, 2016 and required retrospective application on adoption. The Plan has adopted this amendment and there was no impact of the adoption on the statements of net assets available for benefits, the statement of changes in net assets available for benefits, or the associated disclosures to the financials.
Investment Valuation
The Plan’s investments are reported at fair value, except for the fully benefit-responsive investment contracts, which are reported at contract value. Fair value measurement guidance emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and sets out a fair value hierarchy intended to disclose information about the relative reliability of fair value measurements, with the highest priority being unadjusted quoted prices in active markets for identical assets or liabilities.
In some cases, a valuation 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 common stock: Investments in shares of registered investment companies are valued at quoted market prices in active markets (Level 1 inputs), which represent the net asset value of such shares at year end. Investments in shares of actively traded money market mutual funds are stated at the net asset value of such shares held at year-end (Level 1 inputs). Company Stock and other publicly traded common stock are valued at their quoted market price in active markets (Level 1 inputs). Certain common stock is valued using significant unobservable inputs (Level 3 inputs).
Collective trust funds: The fair values of participation units held in collective trust funds are based on the net asset value per unit share reported by the fund manager as of the financial statement dates and on recent transaction prices (Level 2 inputs). Each collective trust fund provides for daily redemptions reported at net asset value per unit share, with no advance notice requirement.
The following is a description of the valuation methods and assumptions used by the Plan to report the contract value of the fully benefit-responsive synthetic guaranteed investment contracts held by the Plan.
Investment contracts (wrapper contracts): The Managed Income Fund holds fully benefit-responsive investment contracts (wrapper contracts) (see Note 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 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.
8
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2016 AND 2015
The wrapper contracts within the Managed Income Fund are a synthetic guaranteed investment contract which is valued at the contract value of the underlying investments of the contracts, primarily debt securities and wrapper contracts. The underlying investments in the Managed Income Fund include U.S. Treasury notes, asset-backed and mortgage-backed securities, corporate bonds and government agency notes. The contracts are unallocated in nature and are fully benefit-responsive. Therefore, net assets available for benefits reflects the contract value of the Managed Income Fund. There are no reserves against contract values (which represent contributions made under the contract, plus earnings, less withdrawals and administrative expenses) for credit risk of the contract issuer or otherwise. Wrapper contracts provide the Managed Income Fund with the ability to use contract value accounting to maintain a constant $1.00 unit price. Wrapper contracts also provide for the payment of participant-directed withdrawals and exchanges at contract value (principal and interest accrued to date) during the term of the wrapper contracts. However, withdrawals prompted by certain events (e.g., layoffs, retirement during specified early retirement window periods, spin-offs, sale of a division, facility closings, plan terminations, partial plan terminations, changes in law or regulation, material breach of contract responsibilities, loss of the Plan’s qualified status, etc.) may be paid at fair value which may be less than contract value. Currently, management believes that the occurrence of an event that would cause the Plan to be paid at less than contract value is not probable. A contract issuer may terminate a wrapper contract at any time; however, if the fair value of the contract is less than the contract value, the contract issuer can either hold the contract until the fair value and contract value are equal or make up the difference between the two. If the funds in the wrapper contracts are needed for benefit payments prior to contract maturity, they may be withdrawn without penalty.
Investment Income Recognition
Purchases and sales of investment securities are recorded on the trade date. Gains or losses on sales of investment securities are determined using the average cost method of the securities. The carrying amounts of securities held in Participants’ accounts are adjusted daily; securities held in both the Leveraged ESOP account and the 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. The Company Stock acquired by the Master Trust (held in the Trust since December 31, 2013) was initially held in a separate account (Leveraged ESOP account) until shares were allocated to the accounts of participants under the Plan.
Acquisition Indebtedness
The Acquisition Indebtedness (Leveraged ESOP Note) was held by EMB Investments, Inc. (the Lender) which is a wholly-owned subsidiary of NextEra Energy Capital Holdings, Inc. The Leveraged ESOP Note carried a fixed interest rate of 9.69% per annum. The Leveraged ESOP Note was 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 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 were allocated to Participants’ accounts under the Plan. In 2016, $26,818 in dividends received from shares held by the Leveraged ESOP account were used to repay the loan. Employer contributions for the 2016 debt service shortfall totaled $3,394,717.
9
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2016 AND 2015
The unallocated shares of Company Stock acquired with the proceeds of the Leveraged ESOP Note were collateral for the Leveraged ESOP Note. As debt payments were made, a percentage of Company Stock was released from collateral and became 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 was 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. During 2016, 101,412 shares of Company Stock were released from collateral for the Leveraged ESOP Note. The 101,412 shares were used to provide Company matching contributions.
The Leveraged ESOP Note, with a carrying value of $3,340,882 at December 31, 2015, was estimated to have a fair value that was not materially different from carrying value. The fair value was 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). In accordance with the terms of the Leveraged ESOP Note, the final principal payment was made in March of 2016.
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.” The Nonparticipant-Directed assets represent Employer contributions into the ESOP and historically the Leveraged ESOP. Participants have the option to reinvest Nonparticipant-Directed Allocated shares daily.
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 was 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, 2015, 101,412 shares 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 Company Stock held by the Leveraged ESOP account and cash contributions from the Company were used to repay the Leveraged ESOP Note. In accordance with the Plan and the Company’s Dividend Reinvestment and Direct Stock Purchase Plan in which the Trustee participates, participants may elect to reinvest dividends in Company Stock or receive dividends in cash.
At December 31, 2016 and 2015, the number of shares of Company Stock held in Participants’ accounts totaled 11,606,405 and 12,159,364, respectively, with a fair value of $1,386,501,109 and $1,263,236,295, respectively. During 2016, dividends on shares of Company Stock held in Participants’ accounts totaled $40,796,235 and dividends on shares of Company Stock held in the Leveraged ESOP account totaled $26,818.
Certain fees were paid by the Plan to the managers of the investments held in the Plan and certain Plan investments are managed by an affiliate of the Trustee or investment advisors of the Plan. These transactions qualify as party-in-interest transactions. The Plan also pays for various administrative expenses to service providers which constitute party-in-interest transactions. Additionally, the Plan reimburses the Company for a portion of the costs incurred in the administration of the Plan which are considered party-in-interest transactions. Participant Loans held by the Plan of $70,823,295 and $71,861,913 at December 31, 2016 and December 31, 2015, respectively, are also considered party-in-interest transactions.
10
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2016 AND 2015
The following table sets forth by level, within the fair value hierarchy, the Plan’s assets that are measured at fair value on a recurring basis as of December 31, 2016:
| | | | | | | | | | | | | | | | |
| | Fair Value Measurements At December 31, 2016 using | |
| | Quoted Prices in Active Markets for Identical Assets (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Total | |
Participant-directed investments: | | | | | | | | | | | | | | | | |
Registered investment companies | | $ | 371,045,386 | | | $ | – | | | $ | – | | | $ | 371,045,386 | |
Collective trust funds | | | – | | | | 1,412,853,250 | | | | – | | | | 1,412,853,250 | |
Common stock other than NextEra Energy, Inc. common stock | | | 267,670,134 | | | | – | | | | 2,717,255 | | | | 270,387,389 | |
NextEra Energy, Inc. common stock | | | 424,506,346 | | | | – | | | | – | | | | 424,506,346 | |
| | | | | | | | | | | | | | | | |
Total participant-directed investments | | | 1,063,221,866 | | | | 1,412,853,250 | | | | 2,717,255 | | | | 2,478,792,371 | |
| | | | |
Nonparticipant-directed investments: | | | | | | | | | | | | | | | | |
NextEra Energy, Inc. common stock | | | 961,994,763 | | | | – | | | | – | | | | 961,994,763 | |
Registered investment companies | | | 15,269,859 | | | | – | | | | – | | | | 15,269,859 | |
| | | | | | | | | | | | | | | | |
Total nonparticipant-directed investments | | | 977,264,622 | | | | – | | | | – | | | | 977,264,622 | |
| | | | |
Total investments in the fair value heirarchy | | | 2,040,486,488 | | | | 1,412,853,250 | | | | 2,717,255 | | | | 3,456,056,993 | |
| | | | | | | | | | | | | | | | |
| | | | |
Investments at contract value | | | | | | | | | | | | | | | 321,574,692 | |
| | | | | | | | | | | | | | | | |
Total investments | | | | | | | | | | | | | | $ | 3,777,631,685 | |
| | | | | | | | | | | | | | | | |
During the 2016 Plan year there were no transfers between Level 1 and Level 2 investments.
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, 2015:
| | | | | | | | | | | | | | | | |
| | Fair Value Measurements At December 31, 2015 using | |
| | Quoted Prices in Active Markets for Identical Assets (Level 1) | | | Significant Other Observable Inputs (Level 2) | | | Significant Unobservable Inputs (Level 3) | | | Total | |
Participant-directed investments: | | | | | | | | | | | | | | | | |
Registered investment companies | | $ | 259,161,413 | | | $ | – | | | $ | – | | | $ | 259,161,413 | |
Collective trust funds | | | – | | | | 1,261,798,137 | | | | – | | | | 1,261,798,137 | |
Common stock other than NextEra Energy, Inc. common stock | | | 353,970,185 | | | | – | | | | 2,212,683 | | | | 356,182,868 | |
NextEra Energy, Inc. common stock | | | 398,691,869 | | | | – | | | | – | | | | 398,691,869 | |
Corporate bonds | | | – | | | | 28,560 | | | | – | | | | 28,560 | |
| | | | | | | | | | | | | | | | |
Total participant-directed investments | | | 1,011,823,467 | | | | 1,261,826,697 | | | | 2,212,683 | | | | 2,275,862,847 | |
| | | | |
Nonparticipant-directed investments (Leveraged ESOP): | | | | | | | | | | | | | | | | |
NextEra Energy, Inc. common stock | | | 875,080,119 | | | | – | | | | – | | | | 875,080,119 | |
Registered investment companies | | | 7,388,939 | | | | – | | | | – | | | | 7,388,939 | |
| | | | | | | | | | | | | | | | |
Total nonparticipant-directed investments | | | 882,469,058 | | | | – | | | | – | | | | 882,469,058 | |
| | | | |
Total investments in the fair value heirarchy | | | 1,894,292,525 | | | | 1,261,826,697 | | | | 2,212,683 | | | | 3,158,331,905 | |
| | | | | | | | | | | | | | | | |
| | | | |
Investments at contract value | | | | | | | | | | | | | | | 307,451,143 | |
| | | | | | | | | | | | | | | | |
Total investments | | | | | | | | | | | | | | $ | 3,465,783,048 | |
| | | | | | | | | | | | | | | | |
During the 2015 Plan year there were no transfers between Level 1 and Level 2 investments.
11
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2016 AND 2015
The contract value of fully benefit-responsive investment contracts was $321,574,692 and $307,451,143, respectively, at December 31, 2016 and 2015. The contract value of fully benefit-responsive investment contracts includes a government short-term collective investment trust in the amount of $708,147 and $3,041,804, respectively, at December 31, 2016 and 2015. The contract value of fully benefit-responsive investment contracts excludes short term investments in registered investment companies that are not covered by the wrapper contracts. These investments are reported at fair value in the amount of $2,774,449 and $3,101,673, respectively, at December 31, 2016 and 2015.
On June 17, 2015, the Internal Revenue Service (IRS) made a favorable determination that the Plan meets the requirements of Section 401(a) of the Code. The Plan has been amended and restated since receiving the favorable determination letter and due to expiry of the determination letter program, no new letter is expected. The Company and the Plan administrator believe that the Plan is currently designed and operated in material compliance with the applicable requirements of the Code and that the Plan continues to be tax-exempt. The Trust established under the Plan will generally be exempt from federal income taxes under Section 501(a) of the Code; Company contributions paid to the Trust under the Plan will be allowable federal income tax deductions of the Company subject to the conditions and limitations of Section 404 of the Code; and the Plan meets the requirements of Section 401(k) of the Code allowing Pretax Contributions to be exempt from federal income tax at the time such contributions are made, provided that in operation the Plan and Trust meet the applicable provisions of the Code. In addition, the Company will be able to claim an income tax deduction for dividends used to repay the Leveraged ESOP Note. Participants are given the option to receive dividend distributions on Company Stock in cash; all vested dividends earned by Participants are deductible by the Company.
Company matching contributions to the Plan on a Participant’s behalf, the Participant’s Pretax Contributions, and the earnings thereon generally are not taxable to the Participant until such Company matching contributions, Pretax Contributions, and earnings thereon are distributed or withdrawn. Participant’s Roth after-tax contributions and the earnings thereon generally are not taxable to the Participant if made as a qualified withdrawal. 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, 2016 and 2015, respectively, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing authorities, and an IRS audit is currently in progress for 2014 and 2015. The plan administrator believes it is no longer subject to income tax examinations by the IRS for years prior to 2013.
12
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419 Plan# 002
Schedule H, line 4i – Schedule of Assets (held at end of year)
12/31/2016
| | | | | | | | | | | | | | |
(a) | | (b) Identity of issue, borrower, lessor, or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value | | | (d) Cost | | | (e) Current value | |
| | | | |
| | Common Stock: | | | | | | | | | | | | |
| | AETNA INC | | | 14,940 | | | | ** | | | | 1,852,709 | |
| | AIRBNB INC | | | 6,435 | | | | ** | | | | 675,675 | |
| | ALASKA AIR GROUP INC | | | 37,854 | | | | ** | | | | 3,358,785 | |
| | ALEXION PHARMACEUTICALS | | | 20,364 | | | | ** | | | | 2,491,534 | |
| | ALIBABA GROUP HLD SPON AD | | | 25,300 | | | | ** | | | | 2,221,592 | |
| | ALLERGAN PLC | | | 7,735 | | | | ** | | | | 1,624,426 | |
| | ALPHABET INC CL A | | | 10,100 | | | | ** | | | | 8,003,744 | |
| | ALPHABET INC CL C | | | 5,682 | | | | ** | | | | 4,385,480 | |
| | AMAZON.COM INC | | | 20,650 | | | | ** | | | | 15,484,815 | |
| | AMERICAN AIRLINES GROUP | | | 83,650 | | | | ** | | | | 3,905,619 | |
| | ANTHEM INC | | | 6,553 | | | | ** | | | | 942,125 | |
| | APPLE INC | | | 16,400 | | | | ** | | | | 1,899,448 | |
| | ASML HLDG NV (NY REG SHS) | | | 21,400 | | | | ** | | | | 2,401,080 | |
| | BIOGEN INC | | | 6,715 | | | | ** | | | | 1,904,240 | |
| | BOEING CO | | | 32,539 | | | | ** | | | | 5,065,672 | |
| | BRISTOL-MYERS SQUIBB CO | | | 27,200 | | | | ** | | | | 1,589,568 | |
| | CELGENE CORP | | | 11,800 | | | | ** | | | | 1,365,850 | |
| | CENTENE CORP | | | 22,000 | | | | ** | | | | 1,243,220 | |
| | CIGNA CORP | | | 11,100 | | | | ** | | | | 1,480,629 | |
| | CITIZENS FIN GROUP INC | | | 23,100 | | | | ** | | | | 823,053 | |
| | CME GROUP INC CL A | | | 10,782 | | | | ** | | | | 1,243,704 | |
| | COSTCO WHOLESALE CORP | | | 7,600 | | | | ** | | | | 1,216,836 | |
| | CROWN CASTLE INTL CORP | | | 11,800 | | | | ** | | | | 1,023,886 | |
| | DANAHER CORP | | | 47,700 | | | | ** | | | | 3,712,968 | |
| | DOLLAR GENERAL CORP | | | 31,300 | | | | ** | | | | 2,318,391 | |
| | DROPBOX INC CL A | | | 15,913 | | | | ** | | | | 183,636 | |
| | FACEBOOK INC A | | | 62,199 | | | | ** | | | | 7,155,995 | |
| | FEDEX CORP | | | 12,500 | | | | ** | | | | 2,327,500 | |
| | FERRARI NV | | | 19,820 | | | | ** | | | | 1,152,335 | |
| | FIRST REPUBLIC BANK | | | 3,836 | | | | ** | | | | 353,449 | |
| | FORTIVE CORP | | | 31,450 | | | | ** | | | | 1,686,664 | |
| | HILTON WORLDWIDE HLDGS | | | 95,308 | | | | ** | | | | 2,592,378 | |
| | HOME DEPOT INC | | | 12,200 | | | | ** | | | | 1,635,776 | |
| | HUMANA INC | | | 12,615 | | | | ** | | | | 2,573,838 | |
| | ILLUMINA INC | | | 3,272 | | | | ** | | | | 418,947 | |
| | INCYTE CORP | | | 4,400 | | | | ** | | | | 441,188 | |
| | INTERCONTINENTAL EXCHANGE | | | 48,000 | | | | ** | | | | 2,708,160 | |
| | INTUIT INC | | | 13,257 | | | | ** | | | | 1,519,385 | |
| | INTUITIVE SURGICAL INC | | | 5,844 | | | | ** | | | | 3,706,089 | |
| | LOWES COS INC | | | 9,900 | | | | ** | | | | 704,088 | |
| | MERCK & CO INC NEW | | | 12,646 | | | | ** | | | | 744,470 | |
| | MGM RESORTS INTERNATIONAL | | | 130,905 | | | | ** | | | | 3,773,991 | |
| | MICROSOFT CORP | | | 114,800 | | | | ** | | | | 7,133,672 | |
| | MORGAN STANLEY | | | 114,492 | | | | ** | | | | 4,837,287 | |
| | NETFLIX INC | | | 13,900 | | | | ** | | | | 1,720,820 | |
| | NVIDIA CORP | | | 8,720 | | | | ** | | | | 930,773 | |
| | NXP SEMICONDUCTORS NV | | | 34,463 | | | | ** | | | | 3,377,719 | |
| | O’REILLY AUTOMOTIVE INC | | | 3,800 | | | | ** | | | | 1,057,958 | |
| | PALO ALTO NETWORKS INC | | | 3,800 | | | | ** | | | | 475,190 | |
| | PAYPAL HLDGS INC | | | 94,200 | | | | ** | | | | 3,718,074 | |
| | PHILIP MORRIS INTL INC | | | 21,800 | | | | ** | | | | 1,994,482 | |
| | PRICELINE GROUP INC | | | 6,560 | | | | ** | | | | 9,617,354 | |
| | RED HAT INC | | | 20,300 | | | | ** | | | | 1,414,910 | |
| | ROSS STORES INC | | | 21,000 | | | | ** | | | | 1,377,600 | |
| | SALESFORCE.COM INC | | | 39,500 | | | | ** | | | | 2,704,170 | |
| | SERVICENOW INC | | | 28,081 | | | | ** | | | | 2,087,542 | |
| | STARBUCKS CORP | | | 21,600 | | | | ** | | | | 1,199,232 | |
* | | STATE STREET CORP | | | 31,816 | | | | ** | | | | 2,472,740 | |
| | STRYKER CORP | | | 18,529 | | | | ** | | | | 2,219,959 | |
| | TD AMERITRADE HLDGS CORP | | | 65,191 | | | | ** | | | | 2,842,328 | |
| | TENCENT HLDGS LTD UNS ADR | | | 72,900 | | | | ** | | | | 1,765,638 | |
| | TESLA INC | | | 11,820 | | | | ** | | | | 2,525,816 | |
| | TEXTRON INC | | | 21,300 | | | | ** | | | | 1,034,328 | |
| | T-MOBILE US INC | | | 32,100 | | | | ** | | | | 1,846,071 | |
| | TRACTOR SUPPLY CO. | | | 19,588 | | | | ** | | | | 1,484,966 | |
| | UBER TECHNOLOGIES INC | | | 10,648 | | | | ** | | | | 519,327 | |
| | UNITEDHEALTH GROUP INC | | | 27,300 | | | | ** | | | | 4,369,092 | |
| | VERTEX PHARMACEUTICALS | | | 20,700 | | | | ** | | | | 1,524,969 | |
| | VISA INC CL A | | | 89,500 | | | | ** | | | | 6,982,790 | |
| | VULCAN MATERIALS CO | | | 11,900 | | | | ** | | | | 1,489,285 | |
13
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan# 002
Schedule H, line 4i - Schedule of Assets (held at end of year)
12/31/2016
| | | | | | | | | | | | | | | | |
(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 | |
| | | | WORKDAY INC CL A | | | 13,900 | | | | ** | | | | 918,651 | |
| | | | YUM BRANDS INC | | | 12,700 | | | | ** | | | | 804,291 | |
| | | | AIRBNB INC SER E PC PP | | | 2,935 | | | | ** | | | | 308,175 | |
| | | | FLIPKART LTD SER G PC PP | | | 2,913 | | | | ** | | | | 147,136 | |
| | | | MAGIC LEAP PC SER C PP | | | 10,937 | | | | ** | | | | 291,497 | |
| | | | SNAP INC SER F PC PP | | | 9,353 | | | | ** | | | | 287,324 | |
| | | | UBER TECH SER G PP | | | 6,243 | | | | ** | | | | 304,485 | |
| | | | ABIOMED INC | | | 26,239 | | | | ** | | | | 2,956,611 | |
| | | | AFFILIATED MANAGERS GRP | | | 17,805 | | | | ** | | | | 2,587,067 | |
| | | | ARISTA NETWORKS INC | | | 14,514 | | | | ** | | | | 1,404,520 | |
| | | | ATHENAHEALTH INC | | | 13,966 | | | | ** | | | | 1,468,804 | |
| | | | BIO TECHNE CORP | | | 41,397 | | | | ** | | | | 4,256,854 | |
| | | | BLACKBAUD INC | | | 70,464 | | | | ** | | | | 4,509,696 | |
| | | | CORE LABORATORIES NV | | | 21,871 | | | | ** | | | | 2,625,395 | |
| | | | DINEEQUITY INC | | | 48,862 | | | | ** | | | | 3,762,374 | |
| | | | DUNKIN BRANDS GROUP INC | | | 76,338 | | | | ** | | | | 4,003,165 | |
| | | | ELLIE MAE INC | | | 12,199 | | | | ** | | | | 1,020,812 | |
| | | | EQUITY COMMONWEALTH | | | 172,783 | | | | ** | | | | 5,224,958 | |
| | | | EXPEDITORS INTL OF WASH | | | 46,515 | | | | ** | | | | 2,463,434 | |
| | | | GRACO INC | | | 43,988 | | | | ** | | | | 3,654,963 | |
| | | | J2 GLOBAL INC | | | 58,402 | | | | ** | | | | 4,777,284 | |
| | | | LENDINGCLUB CORP | | | 271,106 | | | | ** | | | | 1,423,307 | |
| | | | LENDINGTREE INC | | | 23,216 | | | | ** | | | | 2,352,942 | |
| | | | LIBERTY TRIPADVISOR HOLDG | | | 213,821 | | | | ** | | | | 3,218,006 | |
| | | | LOGITECH INTL SA REG | | | 165,635 | | | | ** | | | | 4,131,522 | |
| | | | MSCI INC | | | 34,656 | | | | ** | | | | 2,730,200 | |
| | | | NIC INC | | | 61,070 | | | | ** | | | | 1,459,573 | |
| | | | OUTFRONT MEDIA INC | | | 142,132 | | | | ** | | | | 3,534,823 | |
| | | | PANDORA MEDIA INC | | | 231,928 | | | | ** | | | | 3,024,341 | |
| | | | PAYCOM SOFTWARE INC | | | 42,680 | | | | ** | | | | 1,941,513 | |
| | | | QUOTIENT TECHNOLOGY INC | | | 86,611 | | | | ** | | | | 931,068 | |
| | | | SALLY BEAUTY HLDGS INC | | | 185,303 | | | | ** | | | | 4,895,705 | |
| | | | SHUTTERSTOCK INC | | | 36,961 | | | | ** | | | | 1,756,387 | |
| | | | VERIFONE SYSTEMS INC | | | 139,196 | | | | ** | | | | 2,467,945 | |
| | | | WISDOMTREE INVESTMENTS | | | 135,350 | | | | ** | | | | 1,507,799 | |
| | | | YELP INC | | | 59,066 | | | | ** | | | | 2,252,187 | |
| | | | ZEBRA TECH CORP CL A | | | 50,671 | | | | ** | | | | 4,345,545 | |
| * | | | NextEra Energy (NextEra Energy, Inc. Stock Fund) | | | 3,553,544 | | | | 140,748,684 | | | | 424,506,346 | |
| * | | | NextEra Energy (NextEra Energy, Inc. Stock Leveraged ESOP Fund) | | | 7,726,331 | | | | 116,714,131 | | | | 922,987,501 | |
| * | | | NextEra Energy (NextEra Energy, Inc. Stock ESOP Fund) | | | 326,530 | | | | 39,611,040 | | | | 39,007,262 | |
| | | | | | | | | | | | | | | | |
| | | | Total Common Stock | | | | | | | 297,073,855 | | | | 1,656,888,498 | |
| | | | | | | | | | | | | | | | |
| | | | Collective Trust Funds: | | | | | | | | | | | | |
| * | | | PIMCO Diversified Real Asset Trust | | | 899,494 | | | | ** | | | | 12,071,213 | |
| * | | | Blackrock Russell 2000 Index Fund M | | | 42,934 | | | | ** | | | | 758,482 | |
| * | | | Aristotle Small Cap Equity Collective Trust | | | 9,380,823 | | | | ** | | | | 93,433,001 | |
| * | | | BTC Russell 3000 M | | | 5,543,392 | | | | ** | | | | 66,432,564 | |
| * | | | BTC US Debt Index W | | | 2,765,145 | | | | ** | | | | 57,767,712 | |
| * | | | BTC ACWI EX US IMI M | | | 2,727,819 | | | | ** | | | | 30,206,777 | |
| * | | | BTC Equity Index T | | | 1,865,806 | | | | ** | | | | 162,034,776 | |
| * | | | Cohen & Steers US Realty Shares | | | 6,660,663 | | | | ** | | | | 81,326,693 | |
| * | | | Fidelity Low-priced Stock Pool | | | 6,913,352 | | | | ** | | | | 81,923,218 | |
| * | | | LS Core PL FXINC D | | | 5,058,538 | | | | ** | | | | 69,959,587 | |
| * | | | Fisher Investments Emerging Markets Equity Collective Trust | | | 607,852 | | | | ** | | | | 5,956,950 | |
| * | | | Vanguard Target Retirement | | | 915,888 | | | | ** | | | | 43,239,080 | |
| * | | | Vanguard Target 2015 | | | 2,889,845 | | | | ** | | | | 132,990,676 | |
| * | | | Vanguard Target 2025 | | | 5,658,092 | | | | ** | | | | 260,272,249 | |
| * | | | Vanguard Target 2035 | | | 4,381,832 | | | | ** | | | | 201,783,384 | |
| * | | | Vanguard Target 2045 | | | 1,942,788 | | | | ** | | | | 90,903,053 | |
| * | | | Vanguard Target 2055 | | | 257,595 | | | | ** | | | | 14,783,404 | |
| * | | | SSBK Government STIF Fund (US Large Cap Growth Fund) | | | 3,064,417 | | | | ** | | | | 3,064,417 | |
| * | | | SSBK Government STIF Fund (Equity Income TRP Fund) | | | 152,319 | | | | ** | | | | 155,692 | |
| * | | | SSBK STIF Fund (Small Mid Cap Growth Fund) | | | 3,790,322 | | | | ** | | | | 3,790,322 | |
| * | | | SSBK Government STIF Fund (Managed Income Fund) | | | 708,147 | | | | ** | | | | 708,147 | |
| | | | | | | | | | | | | | | | |
| | | | Total Collective Trust Funds | | | | | | | – | | | | 1,413,561,397 | |
| | | | | | | | | | | | | | | | |
14
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan# 002
Schedule H, line 4i - Schedule of Assets (held at end of year)
12/31/2016
| | | | | | | | | | | | | | | | |
(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 | |
| | | | Registered Investment Companies – Mutual Funds: | | | | | | | | | | | | |
| * | | | Eaton Vance Floating-Rate & High Income Fund R6 | | | 1,596,820 | | | | ** | | | | 14,067,983 | |
| * | | | Vanguard Prime Cap Core Fund | | | 4,189,254 | | | | ** | | | | 92,917,664 | |
| * | | | Vanguard VMMR-FED Money Market | | | 90,997,217 | | | | ** | | | | 90,997,217 | |
| * | | | JPM Equity Income R6 Fund | | | 5,975,047 | | | | ** | | | | 90,760,959 | |
| * | | | AF Europac Growth R6 | | | 1,683,634 | | | | ** | | | | 75,830,894 | |
| * | | | Fidelity Institutional Cash Portfolio (NextEra Energy, Inc. Stock Fund) | | | 3,696,221 | | | | ** | | | | 3,696,221 | |
| * | | | Fidelity Institutional Cash Portfolio (NextEra Energy, Inc. Stock Leveraged ESOP Fund) | | | 15,087,890 | | | | ** | | | | 15,087,890 | |
| * | | | Fidelity Institutional Cash Portfolio (NextEra Energy, Inc. Stock ESOP Fund) | | | 181,968 | | | | ** | | | | 181,968 | |
| * | | | Fidelity Institutional Cash Portfolio (Managed Income Fund) | | | 2,774,449 | | | | ** | | | | 2,774,449 | |
| | | | | | | | | | | | | | | | |
| | | | Total Registered Investment Companies | | | | | | | – | | | | 386,315,245 | |
| | | | | | | | | | | | | | | | |
| | | | U.S. Treasury Notes: | | | | | | | | | | | | |
| | | | USTN 1.625% 04/30/19 | | | 13,008,000 | | | | ** | | | | 13,141,750 | |
| | | | USTN 1.375% 03/31/20 | | | 38,944,000 | | | | ** | | | | 38,854,602 | |
| | | | USTN 1.75% 12/31/20 | | | 33,214,000 | | | | ** | | | | 33,179,562 | |
| | | | USTN 1.125% 01/15/19 | | | 2,297,000 | | | | ** | | | | 2,303,999 | |
| | | | USTN 1.375% 2/28/19 | | | 7,057,000 | | | | ** | | | | 7,107,930 | |
| | | | USTN 0.75% 07/15/19 | | | 10,677,000 | | | | ** | | | | 10,554,884 | |
| | | | USTN 1.25% 10/31/21 | | | 6,428,000 | | | | ** | | | | 6,240,637 | |
| | | | UST NOTE 1.375% 12/15/19 | | | 2,224,000 | | | | ** | | | | 2,218,990 | |
| | | | UST NOTES 1.625% 06/30/2019 | | | 13,149,100 | | | | ** | | | | 13,243,023 | |
| | | | UST NOTES 1.625% 07/31/20 | | | 10,898,000 | | | | ** | | | | 10,957,321 | |
| | | | | | | | | | | | | | | | |
| | | | Total U.S. Treasury Notes | | | | | | | – | | | | 137,802,698 | |
| | | | | | | | | | | | | | | | |
| | | | Government Agency Notes: | | | | | | | | | | | | |
| | | | FHLB 0.875% 06/29/18 | | | 1,825,000 | | | | ** | | | | 1,818,435 | |
| | | | FNMA 1.5% 11/30/20 | | | 3,658,000 | | | | ** | | | | 3,613,916 | |
| | | | FNMA 1.125% 12/14/18 | | | 902,000 | | | | ** | | | | 900,419 | |
| | | | FNMA 1.375% 02/26/21 | | | 5,624,000 | | | | ** | | | | 5,536,481 | |
| | | | FNMA 1% 02/26/19 | | | 2,363,000 | | | | ** | | | | 2,355,942 | |
| | | | FNMA 0.875% 08/02/19 | | | 953,000 | | | | ** | | | | 942,788 | |
| | | | FNMA 1% 10/24/19 | | | 3,282,000 | | | | ** | | | | 3,240,990 | |
| | | | FNMA 1.875% 09/18/18 | | | 1,768,000 | | | | ** | | | | 1,797,629 | |
| | | | FHLMC 0.75% 04/09/18 | | | 4,198,000 | | | | ** | | | | 4,189,072 | |
| | | | | | | | | | | | | | | | |
| | | | Total Government Agency Notes | | | | | | | – | | | | 24,395,672 | |
| | | | | | | | | | | | | | | | |
| | | | Mortgage Backed Securities: | | | | | | | | | | | | |
| | | | BACM 2016-UB10 A2 2.723% 06/49 | | | 415,000 | | | | ** | | | | 420,035 | |
| | | | CD 2007-CD5 A1A 5.8% 11/44 | | | 408,860 | | | | ** | | | | 418,900 | |
| | | | COMM 2015-CR22 A2 2.856% 03/48 | | | 214,000 | | | | ** | | | | 218,473 | |
| | | | CSMC 16-NXSR A1 1.9708% 12/49 | | | 174,000 | | | | ** | | | | 173,943 | |
| | | | COMM 2012-LC4 A4 3.288% 12/44 | | | 215,000 | | | | ** | | | | 223,895 | |
| | | | COMM 2012-CR1 A2 2.35% 5/45 | | | 156,338 | | | | ** | | | | 156,656 | |
| | | | COMM 2012-CR3 ASB 2.372% 11/45 | | | 291,000 | | | | ** | | | | 293,069 | |
| | | | COMM 2014-CR17 A2 3.012% 05/47 | | | 490,000 | | | | ** | | | | 501,443 | |
| | | | COMM 2014-CR18 A2 2.924% 07/47 | | | 380,000 | | | | ** | | | | 389,013 | |
| | | | CSAIL 2016-C7 A1 1.4928% 11/49 | | | 266,088 | | | | ** | | | | 264,690 | |
| | | | CGCMT 2016-P6 A1 1.884% 12/49 | | | 88,000 | | | | ** | | | | 87,949 | |
| | | | CGCMT 2012-GC8 A4 3.024% 9/45 | | | 106,000 | | | | ** | | | | 108,720 | |
| | | | CGCMT 13-GC11 A1 0.754% 4/46 | | | 56,975 | | | | ** | | | | 56,883 | |
| | | | CWCI 2007-C2 A3 5.484% 04/47 | | | 200,411 | | | | ** | | | | 201,848 | |
| | | | COMM 2007-C9 A4 CSTR 12/49 | | | 261,759 | | | | ** | | | | 265,186 | |
| | | | COMM 2013-LC6 A1 .7240% 1/46 | | | 24,966 | | | | ** | | | | 24,951 | |
| | | | CGCMT 2016-P4 A2 2.446% 07/49 | | | 154,000 | | | | ** | | | | 154,683 | |
| | | | GSMS 2013-GC10 A2 1.84% 2/46 | | | 109,541 | | | | ** | | | | 110,015 | |
| | | | GSMS 2013-GC10 A5 2.943% 02/46 | | | 261,000 | | | | ** | | | | 265,110 | |
| | | | GSMS 2012-GCJ7 A4 3.377% 05/45 | | | 954,000 | | | | ** | | | | 996,295 | |
| | | | GSMS 2012-GCJ9 A3 2.773% 11/45 | | | 318,000 | | | | ** | | | | 321,101 | |
| | | | GSMS 2013-GC12 A1 VAR 06/46 | | | 77,215 | | | | ** | | | | 77,072 | |
| | | | GSMS 2016-GS4 A1 1.532% 11/49 | | | 81,150 | | | | ** | | | | 80,787 | |
| | | | GSMS 14-GC18 AAB 3.648% 01/47 | | | 89,000 | | | | ** | | | | 93,704 | |
| | | | GSMS 14-GC20 AAB 3.655% 04/47 | | | 103,000 | | | | ** | | | | 108,461 | |
| * | | | JPMCC 2015-JP1 A2 3.1438% 1/49 | | | 351,000 | | | | ** | | | | 362,678 | |
| * | | | JPMCC 2007-LDPX A3 5.42% 01/49 | | | 99,812 | | | | ** | | | | 100,288 | |
| * | | | JPMCC 2013-C10 .7302% 12/15/47 | | | 33,858 | | | | ** | | | | 33,816 | |
| * | | | JPMBB 15-C29 A2 2.8596% 05/48 | | | 310,000 | | | | ** | | | | 317,823 | |
| * | | | JPMCC 16-JP4 A2 2.9343% 12/49 | | | 384,000 | | | | ** | | | | 394,180 | |
| * | | | JPMDB 16-C4 A1 1.4943% 12/49 | | | 1,426,421 | | | | ** | | | | 1,406,402 | |
| | | | LBUBS 2007-C7 A3 5.886% 9/45 | | | 262,914 | | | | ** | | | | 270,264 | |
| | | | MSBAM 15-C22 ASB 3.04% 4/15/48 | | | 151,000 | | | | ** | | | | 152,858 | |
15
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan# 002
Schedule H, line 4i - Schedule of Assets (held at end of year)
12/31/2016
| | | | | | | | | | | | | | |
(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% 2/47 | | | 566,000 | | | | ** | | | | 578,113 | |
| | MSBAM 2016-C32 A1 1.819% 12/49 | | | 250,000 | | | | ** | | | | 249,718 | |
| | MSC 2007-IQ13 A1A 5.312% 3/44 | | | 81,168 | | | | ** | | | | 81,627 | |
| | MSC 2007-T27 A1A CSTR 6/42 | | | 604,844 | | | | ** | | | | 614,792 | |
| | MSBAM 2012-C6 A4 2.858% 11/45 | | | 467,000 | | | | ** | | | | 475,545 | |
| | MSBAM 13-C13 ASB 3.557% 11/46 | | | 420,000 | | | | ** | | | | 441,263 | |
| | MSBAM 2016-C31 A1 1.555% 11/21 | | | 177,907 | | | | ** | | | | 176,008 | |
| | UBSBB 2012-C2 A4 3.525 5/63 | | | 343,000 | | | | ** | | | | 359,898 | |
| | UBSBB 2012-C4 A1 .6728 12/45 | | | 15,571 | | | | ** | | | | 15,568 | |
| | UBSBB 2013-C6 A1 0.8022% 4/46 | | | 71,419 | | | | ** | | | | 71,258 | |
| | WFRBS 13-C14 A1 .836% 6/15/46 | | | 21,789 | | | | ** | | | | 21,782 | |
| | WFRBS 2013-C14 A2 2.133% 6/46 | | | 150,000 | | | | ** | | | | 151,101 | |
| | WFRBS 2011-C3 A4 4.375% 3/44 | | | 437,000 | | | | ** | | | | 470,244 | |
| | WFRBS 2012-C8 A2 1.881% 8/45 | | | 176,368 | | | | ** | | | | 176,937 | |
| | WFRBS 2013-C11 A5 3.071% 03/45 | | | 283,000 | | | | ** | | | | 289,094 | |
| | WFRBS 13-C12 ASB 2.838% 03/48 | | | 69,000 | | | | ** | | | | 70,331 | |
| | WFRBS 13-C16 ASB 3.963% 09/46 | | | 144,000 | | | | ** | | | | 153,229 | |
| | WBCMT 2006-C26 A1A CSTR 6/45 | | | 45,214 | | | | ** | | | | 45,355 | |
| | WFCM 2012-LC5 A3 2.918% 10/45 | | | 97,000 | | | | ** | | | | 98,948 | |
| | WFCM 2012-LC5 ASB 2.528% 10/45 | | | 265,000 | | | | ** | | | | 268,118 | |
| | WFCM 2013-LC12 A1 1.676% 7/46 | | | 397,283 | | | | ** | | | | 398,578 | |
| | WFCM 2016-C34 A2 2.603% 05/49 | | | 164,000 | | | | ** | | | | 165,678 | |
| | WFCM 2016-C35 A2 2.495% 07/48 | | | 123,000 | | | | ** | | | | 123,608 | |
| | WFCM 2016-LC25 1.795% 12/15/59 | | | 232,000 | | | | ** | | | | 230,846 | |
| | WFCM 2016-C36 A1 1.522% 11/59 | | | 115,111 | | | | ** | | | | 113,980 | |
| | WFCM 2016-C37 A1 1.847% 12/49 | | | 183,000 | | | | ** | | | | 182,949 | |
| | WFCM 2016-C37 A2 3.03% 12/49 | | | 268,000 | | | | ** | | | | 276,542 | |
| | FNR 2013-16 GP 3% 03/33 | | | 493,604 | | | | ** | | | | 508,098 | |
| | FNR 2014-83 P 3% 06/43 | | | 630,107 | | | | ** | | | | 643,711 | |
| | FNR 2015-32 PA 3% 4/44 | | | 506,136 | | | | ** | | | | 514,866 | |
| | FNR 2015-28 P 2.5% 5/45 | | | 1,425,731 | | | | ** | | | | 1,433,992 | |
| | FNR 2015-28 JE 3% 05/45 | | | 1,191,714 | | | | ** | | | | 1,224,339 | |
| | FNR 2015-42 LE 3% 06/45 | | | 847,560 | | | | ** | | | | 870,694 | |
| | FNR 2015-49 LE 3% 07/45 | | | 603,107 | | | | ** | | | | 619,060 | |
| | FNR 2015-54 LE 2.5% 07/45 | | | 752,740 | | | | ** | | | | 754,857 | |
| | FNR 2016-19 AH 3% 04/46 | | | 684,165 | | | | ** | | | | 701,992 | |
| | FNR 2016-26 CG 3% 05/46 | | | 1,689,730 | | | | ** | | | | 1,732,391 | |
| | FNR 2016-27 HK 3% 01/41 | | | 874,197 | | | | ** | | | | 896,652 | |
| | FNR 2016-27 KG 3% 01/40 | | | 458,895 | | | | ** | | | | 470,456 | |
| | FNR 2016-37 BK 3% 06/46 | | | 1,761,248 | | | | ** | | | | 1,807,879 | |
| | FNR 2016-34 GH 3% 06/46 | | | 1,694,044 | | | | ** | | | | 1,740,291 | |
| | FNR 2016-105 PA 3.5% 4/45 | | | 756,000 | | | | ** | | | | 787,769 | |
| | FNR 2016-100 P 3.5% 11/44 | | | 1,174,000 | | | | ** | | | | 1,221,602 | |
| | FHR 4046 LA 3% 11/2026 | | | 387,744 | | | | ** | | | | 395,025 | |
| | FHR 3820 DA 4% 11/35 | | | 125,870 | | | | ** | | | | 129,612 | |
| | FHR 2015-4472 WL 3% 05/45 | | | 573,762 | | | | ** | | | | 589,323 | |
| | FHR 2016-4622 HA 3% 11/43 | | | 1,623,825 | | | | ** | | | | 1,652,836 | |
| | FHR SER 4221 CLS GA 1.4% 7/23 | | | 453,977 | | | | ** | | | | 448,133 | |
| | FHR 3741 HD 3% 11/15/39 | | | 147,101 | | | | ** | | | | 148,924 | |
| | FHR 2010-3645 KP 5% 02/40 | | | 301,550 | | | | ** | | | | 330,642 | |
| | GNR 13-41 PA 2.5% 04/40 | | | 294,072 | | | | ** | | | | 298,509 | |
| | FHLG 15YR 4.50% 8/18 #E98688 | | | 27,244 | | | | ** | | | | 27,943 | |
| | FHLG 15YR 4.50% 9/18 #E99205 | | | 11,332 | | | | ** | | | | 11,631 | |
| | FHLG 15YR 4.50% 10/18 #E99833 | | | 15,213 | | | | ** | | | | 15,616 | |
| | FHLM ARM 3.53% 4/40 #1B4657 | | | 38,331 | | | | ** | | | | 40,620 | |
| | FHLM ARM3.58% 4/40 #1B4702 | | | 34,836 | | | | ** | | | | 37,058 | |
| | FHLG 7.50% 7/34 #G02115 | | | 125,605 | | | | ** | | | | 147,791 | |
| | FHLG 15YR 5.00% 3/19 #G13052 | | | 39,645 | | | | ** | | | | 40,819 | |
| | FHLG 15YR 5.00% 4/20 #G13598 | | | 58,761 | | | | ** | | | | 60,687 | |
| | FHLG 15YR 3.5% 08/30#G15273 | | | 592,166 | | | | ** | | | | 620,841 | |
| | FHLG 25YR 5.50% 7/35 #G05815 | | | 51,773 | | | | ** | | | | 58,284 | |
| | FHLM ARM 4.941% 11/35 #1J1228 | | | 34,688 | | | | ** | | | | 36,495 | |
| | FHLG 20YR 3.5% 06/32#C91456 | | | 795,586 | | | | ** | | | | 832,927 | |
| | FHLM ARM 3.717% 05/41#1B8124 | | | 27,624 | | | | ** | | | | 29,187 | |
| | FHLM ARM 3.224% 4/41#1B8179 | | | 22,405 | | | | ** | | | | 23,299 | |
| | FHLM ARM 3.464% 5/1/41#1B8304 | | | 19,712 | | | | ** | | | | 20,850 | |
| | FHLM ARM 3.627% 6/1/41#1B8372 | | | 28,771 | | | | ** | | | | 30,401 | |
| | FHLM ARM 3.283 6/1/41 | | | 28,649 | | | | ** | | | | 30,246 | |
| | FHLM ARM2.98% 8/41 #1B8533 | | | 63,063 | | | | ** | | | | 65,691 | |
| | FHLM ARM3.07% 9/41 #1B8608 | | | 39,560 | | | | ** | | | | 42,025 | |
| | FHLM ARM 3.242% 9/1/41#1B8659 | | | 22,882 | | | | ** | | | | 23,928 | |
| | FHLG 5.50% 3/34 #G01665 | | | 75,585 | | | | ** | | | | 85,155 | |
16
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan# 002
Schedule H, line 4i - Schedule of Assets (held at end of year)
12/31/2016
| | | | | | | | | | | | | | | | |
(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 | |
| | | | FHLG 15YR 5.50% 4/18 #G11389 | | | 5,629 | | | | ** | | | | 5,752 | |
| | | | FHLG 15YR 4.00% 9/25 #E02787 | | | 149,783 | | | | ** | | | | 160,843 | |
| | | | FHLG 15YR 4.00% 4/26 #E02867 | | | 77,111 | | | | ** | | | | 82,083 | |
| | | | FHLG 15YR 4.50% 11/18 #B10931 | | | 9,644 | | | | ** | | | | 9,920 | |
| | | | FHLM ARM 4.199% 8/36 #848185 | | | 19,694 | | | | ** | | | | 20,711 | |
| | | | FHLM AR 12M+187.9 10/42#849255 | | | 115,304 | | | | ** | | | | 122,177 | |
| | | | FHLG 15YR 3% 05/29#J29409 | | | 1,399,559 | | | | ** | | | | 1,446,193 | |
| | | | FHLG 5.50% 5/34 #Z40042 | | | 567,197 | | | | ** | | | | 638,016 | |
| | | | FNMA 15YR 6.00% 12/17 #254547 | | | 146 | | | | ** | | | | 149 | |
| | | | FNMA 5.50% 11/34 #310105 | | | 409,556 | | | | ** | | | | 460,580 | |
| | | | FNMA ARM 3.228% 7/41#AI3469 | | | 30,583 | | | | ** | | | | 32,262 | |
| | | | FNMA ARM3.01% 8/41 #AI4358 | | | 11,386 | | | | ** | | | | 12,023 | |
| | | | FNMA ARM 3.545% 07/41#AI6050 | | | 41,875 | | | | ** | | | | 43,778 | |
| | | | FNMA ARM 3.365% 10/41#AI6819 | | | 16,287 | | | | ** | | | | 17,071 | |
| | | | FNMA 15YR 3.5% 07/26#AI7819 | | | 47,012 | | | | ** | | | | 49,261 | |
| | | | FNMA ARM 09/41#AI9813 | | | 18,754 | | | | ** | | | | 19,539 | |
| | | | FNMA ARM 10/41#AJ3399 | | | 8,252 | | | | ** | | | | 8,610 | |
| | | | FNMA ARM2.69% 9/41 #AH5260 | | | 110,979 | | | | ** | | | | 115,608 | |
| | | | FNMA ARM2.57% 10/41 #AH5261 | | | 53,001 | | | | ** | | | | 55,299 | |
| | | | FNMA 15YR 3.50% 1/26 #AL1168 | | | 123,771 | | | | ** | | | | 129,750 | |
| | | | FNMA 15YR 3.50% 3/27 #AL1746 | | | 549,353 | | | | ** | | | | 575,977 | |
| | | | FNMA 15YR 3.5% 10/29#AL5851 | | | 184,261 | | | | ** | | | | 193,422 | |
| | | | FNMA 15YR 3.5% 09/29#AL5878 | | | 439,642 | | | | ** | | | | 461,635 | |
| | | | FNMA 15YR 4.5% 11/25#AL8242 | | | 336,916 | | | | ** | | | | 358,099 | |
| | | | FNMA 15YR 3% 09/31#AL8853 | | | 2,264,669 | | | | ** | | | | 2,343,312 | |
| | | | FNMA ARM 06/42#AO2244 | | | 35,296 | | | | ** | | | | 36,668 | |
| | | | FNMA 15YR 3.5% 01/27 #AX1909 | | | 209,099 | | | | ** | | | | 219,167 | |
| | | | FNMA 6.50% 7/32 #545759 | | | 20,241 | | | | ** | | | | 23,222 | |
| | | | FNMA 6.50% 7/32 #545762 | | | 11,931 | | | | ** | | | | 13,685 | |
| | | | FNMA 15YR 7.00% 11/18 #555999 | | | 27 | | | | ** | | | | 27 | |
| | | | FNMA ARM4.68% 11/34 #735011 | | | 39,233 | | | | ** | | | | 41,101 | |
| | | | FNMA 6.50% 12/32 #735415 | | | 11,920 | | | | ** | | | | 13,670 | |
| | | | FNMA 6.50% 7/35 #745092 | | | 13,085 | | | | ** | | | | 15,054 | |
| | | | FNMA ARM4.53% 12/34 #802852 | | | 34,274 | | | | ** | | | | 36,309 | |
| | | | FNMA 6.50% 8/36 #888034 | | | 17,484 | | | | ** | | | | 20,045 | |
| | | | FNMA 6.50% 8/36 #888544 | | | 57,315 | | | | ** | | | | 65,809 | |
| | | | FNMA ARM4.21% 5/35 #889946 | | | 57,428 | | | | ** | | | | 60,605 | |
| | | | FNMA ARM4.30% 2/35 #995017 | | | 473,696 | | | | ** | | | | 497,281 | |
| | | | FNMA ARM 7/35 #995414 | | | 56,722 | | | | ** | | | | 59,962 | |
| | | | FNMA ARM 4.55% 10/35 #995415 | | | 220,713 | | | | ** | | | | 233,928 | |
| | | | FNMA ARM 11/36 #995606 | | | 59,134 | | | | ** | | | | 62,263 | |
| | | | FNMA ARM2.61% 4/35 #995609 | | | 21,811 | | | | ** | | | | 23,087 | |
| | | | FNMA ARM 12/33#AD0066 | | | 21,788 | | | | ** | | | | 23,014 | |
| | | | FNMA 6.50% 12/35 #AD0723 | | | 69,180 | | | | ** | | | | 80,470 | |
| | | | FNMA ARM3.47% 3/40 #AD0820 | | | 39,286 | | | | ** | | | | 41,765 | |
| | | | FNMA ARM3.60% 3/40 #AD1555 | | | 49,158 | | | | ** | | | | 52,315 | |
| | | | FNMA 6.50% 8/36 #AE0746 | | | 51,260 | | | | ** | | | | 58,826 | |
| | | | FNMA ARM 11/40#AE6806 | | | 16,075 | | | | ** | | | | 17,006 | |
| | | | GNMA 30YR 5.5% 06/35#783800 | | | 79,333 | | | | ** | | | | 91,274 | |
| | | | | | | | | | | | | | | | |
| | | | Total Mortgage Backed Securities | | | | | | | – | | | | 46,704,071 | |
| | | | | | | | | | | | | | | | |
| | | | Asset Backed Securities: | | | | | | | | | | | | |
| | | | AMOT 2012-5 A 1.54% 09/19 | | | 490,000 | | | | ** | | | | 491,032 | |
| | | | AMOT 2015-3 A 1.63% 05/20 | | | 620,000 | | | | ** | | | | 619,699 | |
| | | | ALLYL 2015-SN1 A3 1.21% 03/17 | | | 52,258 | | | | ** | | | | 52,280 | |
| | | | ALLYA 2015-1 A3 1.39% 09/19 | | | 437,000 | | | | ** | | | | 437,583 | |
| | | | AMXCA 2014-2 A 1.26% 01/20 | | | 681,000 | | | | ** | | | | 681,812 | |
| | | | AMXCA 2014-3 A 1.49% 04/20 | | | 1,674,000 | | | | ** | | | | 1,678,906 | |
| | | | AMXCA 2014-4 A 1.43% 06/20 | | | 285,000 | | | | ** | | | | 285,653 | |
| | | | BACCT 2015-A2 A 1.36% 09/20 | | | 786,000 | | | | ** | | | | 786,113 | |
| | | | BMWLT 2015-1 A3 1.24% 12/17 | | | 454,605 | | | | ** | | | | 454,895 | |
| | | | BMWOT 2016-A A3 1.41% 07/20 | | | 441,000 | | | | ** | | | | 436,817 | |
| | | | COMET 2014-A2 A2 1.26% 01/20 | | | 690,000 | | | | ** | | | | 690,770 | |
| | | | COMET 2014-A5 A 1.48% 07/20 | | | 1,640,000 | | | | ** | | | | 1,644,467 | |
| | | | COMET 2015-A1 A 1.39% 01/21 | | | 620,000 | | | | ** | | | | 620,093 | |
| | | | COMET 2015-A5 A5 1.60% 5/21 | | | 780,000 | | | | ** | | | | 782,705 | |
| | | | COMET 2015-A7 A7 1.45% 08/21 | | | 215,000 | | | | ** | | | | 214,689 | |
| | | | COMET 2016-A3 A3 1.34% 04/22 | | | 830,000 | | | | ** | | | | 821,309 | |
| | | | COMET 2016-A4 A4 1.33% 6/15/22 | | | 656,000 | | | | ** | | | | 647,609 | |
| | | | CARMX 16-4 A3 1.4% 08/21 | | | 570,000 | | | | ** | | | | 564,247 | |
| | | | CARMX 2014-3 A3 1.16% 06/19 | | | 235,730 | | | | ** | | | | 235,737 | |
| | | | CARMX 2014-4 A3 1.25% 11/19 | | | 243,319 | | | | ** | | | | 243,371 | |
17
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan# 002
Schedule H, line 4i - Schedule of Assets (held at end of year)
12/31/2016
| | | | | | | | | | | | | | | | |
(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 | |
| | | | CARMX 2015-3 A3 1.63% 06/20 | | | 302,000 | | | | ** | | | | 303,004 | |
| | | | CARMX 2015-1 A3 1.38% 11/19 | | | 292,509 | | | | ** | | | | 292,792 | |
| | | | CARMX 2016-2 A3 1.52% 02/21 | | | 333,000 | | | | ** | | | | 331,745 | |
| | | | CHAIT 2014-A1 A 1.15% 01/19 | | | 1,890,000 | | | | ** | | | | 1,890,971 | |
| | | | CHAIT 2014-A7 A7 1.38% 11/19 | | | 829,000 | | | | ** | | | | 830,229 | |
| | | | CHAIT 2015-A2 A2 1.59% 02/20 | | | 1,092,000 | | | | ** | | | | 1,095,881 | |
| | | | CHAIT 2015-A5 A5 1.36% 04/20 | | | 620,000 | | | | ** | | | | 620,010 | |
| | | | CHAIT 15-A7 A7 1.62% 7/20 | | | 835,000 | | | | ** | | | | 837,271 | |
| | | | CHAIT 2016-A2 A 1.37% 06/15/21 | | | 813,000 | | | | ** | | | | 805,655 | |
| | | | CHAIT 2016-A5 A5 1.27% 07/21 | | | 660,000 | | | | ** | | | | 651,571 | |
| | | | CCCIT 2014-A4 A4 1.23% 04/19 | | | 685,000 | | | | ** | | | | 686,842 | |
| | | | CCCIT 2014-A6 A6 2.15% 07/21 | | | 1,322,000 | | | | ** | | | | 1,345,468 | |
| | | | CCCIT 2014-A8 A8 1.73% 04/20 | | | 1,298,000 | | | | ** | | | | 1,308,089 | |
| | | | CCCIT 2016-A1 A1 0% 11/21 | | | 814,000 | | | | ** | | | | 811,324 | |
| | | | DCENT 2012-A6 A6 1.67% 01/22 | | | 1,387,000 | | | | ** | | | | 1,382,753 | |
| | | | DCENT 2014-A3 A3 1.22% 10/19 | | | 685,000 | | | | ** | | | | 685,602 | |
| | | | DCENT 2014-A4 A4 2.12% 12/21 | | | 639,000 | | | | ** | | | | 643,889 | |
| | | | DCENT 2014-A5 A 1.39% 04/20 | | | 1,305,000 | | | | ** | | | | 1,307,742 | |
| | | | DCENT 2015-A2 A 1.90% 10/22 | | | 320,000 | | | | ** | | | | 318,913 | |
| | | | DCENT 2016-A1 A1 1.64% 07/21 | | | 630,000 | | | | ** | | | | 630,313 | |
| | | | DCENT 2016-A4 A4 1.39% 3/22 | | | 657,000 | | | | ** | | | | 649,907 | |
| | | | FORDF 2015-4 A1 1.77% 8/20 | | | 620,000 | | | | ** | | | | 621,395 | |
| | | | FORDF 2016-1 A1 1.76% 02/21 | | | 310,000 | | | | ** | | | | 309,436 | |
| | | | FORDF 2016-3 A1 1.55% 07/21 | | | 824,000 | | | | ** | | | | 816,073 | |
| | | | FORDR 2014-2 A 2.31% 04/26 | | | 1,015,000 | | | | ** | | | | 1,024,531 | |
| | | | FORDL 15-A A3 1.13% 6/18 | | | 730,627 | | | | ** | | | | 731,080 | |
| | | | FORD CRD 16-1 A 2.31% 08/27 | | | 249,000 | | | | ** | | | | 248,772 | |
| | | | FORDR 2015-2 A 2.44% 01/27 | | | 327,000 | | | | ** | | | | 330,228 | |
| | | | FORDO 2015-C A3 1.41% 02/20 | | | 461,000 | | | | ** | | | | 461,447 | |
| | | | FORDO 2016-C A3 1.22% 03/21 | | | 669,000 | | | | ** | | | | 663,907 | |
| | | | FORDO 2016-A A3 2.01% 07/20 | | | 626,000 | | | | ** | | | | 626,116 | |
| | | | FORDO 16-B A3 1.33% 10/20 | | | 469,000 | | | | ** | | | | 467,735 | |
| | | | GMALT 2015-2 A3 1.68% 12/18 | | | 460,000 | | | | ** | | | | 461,483 | |
| | | | GMALT 2015-1 A3 1.53% 09/18 | | | 538,000 | | | | ** | | | | 538,978 | |
| | | | HAROT 2015-4 A3 1.23% 09/23/19 | | | 425,000 | | | | ** | | | | 424,108 | |
| | | | HAROT 2016-2 A3 1.39% 4/20 | | | 274,000 | | | | ** | | | | 273,745 | |
| | | | HAROT 2016-4 A3 1.21% 12/20 | | | 669,000 | | | | ** | | | | 664,018 | |
| | | | HUNT AUTO 16-1 A3 1.57% 11/20 | | | 326,000 | | | | ** | | | | 325,562 | |
| | | | HART 2015-B A3 1.12% 11/19 | | | 596,000 | | | | ** | | | | 595,206 | |
| | | | HART 2016-B A3 1.29% 4/21 | | | 717,000 | | | | ** | | | | 711,634 | |
| | | | HART 2015-C A3 1.46% 02/20 | | | 452,000 | | | | ** | | | | 452,480 | |
| | | | HFMOT 2016-1A A2 1.81% 03/21 | | | 351,000 | | | | ** | | | | 350,464 | |
| | | | HART 2016-A A3 1.56% 09/20 | | | 220,000 | | | | ** | | | | 220,097 | |
| | | | MBART 2016-1 A3 1.26% 02/21 | | | 625,000 | | | | ** | | | | 620,301 | |
| | | | NMOTR 2016-A A2 1.54% 06/21 | | | 352,000 | | | | ** | | | | 350,013 | |
| | | | NAROT 2015-C A3 1.37% 5/20 | | | 460,000 | | | | ** | | | | 459,570 | |
| | | | NAROT 2016-A A3 1.34% 10/15/20 | | | 352,000 | | | | ** | | | | 351,152 | |
| | | | NAROT 2016-B A3 1.32% 01/15/21 | | | 376,000 | | | | ** | | | | 373,956 | |
| | | | NAROT 2016-C A3 1.18% 01/21 | | | 586,000 | | | | ** | | | | 580,812 | |
| | | | NEF 2005-1 A5 4.74% 10/45 | | | 133,337 | | | | ** | | | | 126,852 | |
| | | | SSTRT 2016-1A A3 1.524% 03/20 | | | 371,000 | | | | ** | | | | 368,944 | |
| | | | SYNCT 2015-2 A 1.60% 4/21 | | | 620,000 | | | | ** | | | | 620,964 | |
| | | | SYNCT 2015-3 A 1.74% 9/21 | | | 215,000 | | | | ** | | | | 215,281 | |
| | | | TAOT 2015-C A3 1.34% 6/19 | | | 780,000 | | | | ** | | | | 780,505 | |
| | | | TAOT 2016-B A3 1.3% 04/20 | | | 296,000 | | | | ** | | | | 295,250 | |
| | | | TAOT 2015-B A3 1.27% 05/19 | | | 1,000,000 | | | | ** | | | | 1,000,547 | |
| | | | TAOT 2016-A A3 1.25% 03/20 | | | 482,000 | | | | ** | | | | 481,307 | |
| | | | TAOT 2016-C A3 1.14% 08/20 | | | 373,000 | | | | ** | | | | 370,739 | |
| | | | USAOT 2015-1 A3 1.2% 06/19 | | | 312,000 | | | | ** | | | | 312,381 | |
| | | | USAOT 2016-1 A3 1.2% 6/20 | | | 271,000 | | | | ** | | | | 270,052 | |
| | | | VZOT 2016-1A A 1.42% 1//20 | | | 584,000 | | | | ** | | | | 580,189 | |
| | | | VZOT 2016-2A A 1.68% 5/21 | | | 676,000 | | | | ** | | | | 674,507 | |
| | | | VALET 2013-2 A3 0.7% 04/18 | | | 98,758 | | | | ** | | | | 98,685 | |
| | | | VALET 2014-1 A3 .91% 10/22/18 | | | 191,507 | | | | ** | | | | 191,310 | |
| | | | VWALT 2015-A A3 1.25% 12/17 | | | 351,451 | | | | ** | | | | 351,614 | |
| | | | WOART 2014-B A3 1.14% 01/20 | | | 419,932 | | | | ** | | | | 419,766 | |
| | | | WOLS 2015-A A3 1.54% 10/18 | | | 557,000 | | | | ** | | | | 557,900 | |
| | | | WOLS 2014-A A3 1.16% 09/17 | | | 192,943 | | | | ** | | | | 193,039 | |
| | | | WOART 16-B A3 1.3% 2/22 | | | 544,000 | | | | ** | | | | 537,030 | |
| | | | WOART 2016-A A3 1.77% 09/21 | | | 323,000 | | | | ** | | | | 323,577 | |
| | | | | | | | | | | | | | | | |
| | | | Total Asset Backed Securities | | | | | | | – | | | | 52,644,496 | |
| | | | | | | | | | | | | | | | |
18
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan# 002
Schedule H, line 4i - Schedule of Assets (held at end of year)
12/31/2016
| | | | | | | | | | | | | | | | |
(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 | |
| | | | Corporate Bonds: | | | | | | | | | | | | |
| | | | APPLE INC 1% 5/3/18 | | | 1,388,000 | | | | ** | | | | 1,384,831 | |
| | | | APPLE INC 2.85% 5/6/21 | | | 510,000 | | | | ** | | | | 523,719 | |
| | | | AUSTRALIA & NZ 1.45% 5/15/18 | | | 370,000 | | | | ** | | | | 368,954 | |
| | | | AUST & NZ BKG NY 2.25% 6/13/19 | | | 710,000 | | | | ** | | | | 712,797 | |
| | | | AUSTRALIA & NZ BKG 2% 11/16/18 | | | 320,000 | | | | ** | | | | 321,501 | |
| | | | BANK OF MONTREAL 1.8% 7/15/18 | | | 620,000 | | | | ** | | | | 624,966 | |
| | | | BANK OF MONTREAL 1.5% 7/18/19 | | | 1,000,000 | | | | ** | | | | 993,259 | |
| | | | BANK OF MONTREL 2.375% 1/25/19 | | | 400,000 | | | | ** | | | | 407,441 | |
| | | | BANK NOVA SCOTIA 2.8% 07/21/21 | | | 500,000 | | | | ** | | | | 509,548 | |
| | | | BERKSHIRE HATH 1.7% 3/15/19 | | | 277,000 | | | | ** | | | | 278,076 | |
| | | | BERKSHIRE HTHWY INC 2.1% 08/19 | | | 1,000,000 | | | | ** | | | | 1,016,536 | |
| | | | BERKSHIRE HATH 2.2% 3/15/21 | | | 244,000 | | | | ** | | | | 244,865 | |
| | | | BERKSHIRE HATH 2.75% 3/15/23 | | | 320,000 | | | | ** | | | | 321,061 | |
| | | | CHEVRON CORP NEW 1.961% 03/20 | | | 1,555,000 | | | | ** | | | | 1,559,901 | |
| | | | CISCO SYSTEMS INC 2.125% 3/19 | | | 690,000 | | | | ** | | | | 703,818 | |
| | | | CISCO SYSTEMS 2.45% 6/15/20 | | | 1,000,000 | | | | ** | | | | 1,012,455 | |
| | | | CISCO SYSTEMS 1.85% 9/20/21 | | | 490,000 | | | | ** | | | | 480,446 | |
| | | | COCA-COLA CO 1.15% 04/01/18 | | | 760,000 | | | | ** | | | | 760,361 | |
| | | | COLGATE-PALMOLIVE 0.9% 5/1/18 | | | 483,000 | | | | ** | | | | 481,170 | |
| | | | COMMONWEALTH NY 2.25% 03/13/19 | | | 681,000 | | | | ** | | | | 687,959 | |
| | | | COMMONWEALTH BK NY 2.3% 9/6/19 | | | 650,000 | | | | ** | | | | 656,421 | |
| | | | COMMWLTH BK ASTL NYB 2.3% 3/20 | | | 310,000 | | | | ** | | | | 310,388 | |
| | | | EXXON MOBIL CORP 2.726% 3/1/23 | | | 503,000 | | | | ** | | | | 508,776 | |
| | | | EXXON MOBIL CORP 2.222% 3/1/21 | | | 640,000 | | | | ** | | | | 644,581 | |
| | | | GENERAL ELEC CO 3.375% 3/11/24 | | | 602,000 | | | | ** | | | | 624,243 | |
| | | | HSBC USA INC 2.625% 09/24/18 | | | 198,000 | | | | ** | | | | 201,392 | |
| | | | HSBC HOLDINGS 2.95% 5/25/21 | | | 1,000,000 | | | | ** | | | | 1,001,697 | |
| | | | HSBC USA INC 2.25% 06/23/19 | | | 1,000,000 | | | | ** | | | | 999,879 | |
| * | | | JPMORGAN CHASE 1.65% 9/23/19 | | | 2,000,000 | | | | ** | | | | 1,988,157 | |
| | | | MASSMUTUAL 1.55% 10/11/19 144A | | | 2,000,000 | | | | ** | | | | 1,982,287 | |
| | | | MERCK & CO INC NEW 1.85% 02/20 | | | 1,000,000 | | | | ** | | | | 1,007,338 | |
| | | | MET LFE GLB 1.55% 9/13/19 144A | | | 1,500,000 | | | | ** | | | | 1,483,474 | |
| | | | MICROSOFT CORP 1.625% 12/06/18 | | | 1,000,000 | | | | ** | | | | 1,006,514 | |
| | | | MICROSOFT CORP 1.55% 8/8/21 | | | 1,000,000 | | | | ** | | | | 975,157 | |
| | | | MIDAMERICAN ENE 2.4% 03/15/19 | | | 750,000 | | | | ** | | | | 764,159 | |
| | | | NYLIFE GLBL 1.7% 9/14/21 144A | | | 1,000,000 | | | | ** | | | | 968,469 | |
| | | | ONTARIO PROV 2% 09/27/18 | | | 2,340,000 | | | | ** | | | | 2,370,117 | |
| | | | ORACLE CORP 2.25% 10/8/19 | | | 1,150,000 | | | | ** | | | | 1,169,357 | |
| | | | ORACLE CORP 1.9% 09/15/21 | | | 660,000 | | | | ** | | | | 650,393 | |
| | | | PECO ENERGY CO 1.7% 9/30/21 | | | 660,000 | | | | ** | | | | 643,229 | |
| | | | PUBLIC SVC ELEC 2.3% 09/15/18 | | | 1,000,000 | | | | ** | | | | 1,017,475 | |
| | | | PUBLIC SVC ELEC 1.8% 06/01/19 | | | 700,000 | | | | ** | | | | 700,090 | |
| | | | ROYAL BK CDA GLB 1.5% 1/16/18 | | | 603,000 | | | | ** | | | | 606,231 | |
| | | | ROYAL BK CDA 2.2% 7/27/18 | | | 769,000 | | | | ** | | | | 781,239 | |
| | | | ROYAL BK OF CDA 2.15% 03/15/19 | | | 340,000 | | | | ** | | | | 343,361 | |
| | | | ROYAL BK CAN GL 1.8% 07/30/18 | | | 300,000 | | | | ** | | | | 303,175 | |
| | | | ROYAL BK CAN GL 2.35% 10/30/20 | | | 1,300,000 | | | | ** | | | | 1,302,327 | |
| | | | SAN DIEGO G&E 3% 8/15/21 | | | 550,000 | | | | ** | | | | 571,571 | |
| | | | SCHLUMBERG 2.35% 12/21/18 144A | | | 872,000 | | | | ** | | | | 879,577 | |
| | | | SHELL INTL FIN 1.125% 8/21/17 | | | 590,000 | | | | ** | | | | 592,344 | |
| | | | SHELL INTL FIN BV 2.125% 05/20 | | | 468,000 | | | | ** | | | | 468,822 | |
| | | | SHELL INTL 2.25% 11/10/20 | | | 806,000 | | | | ** | | | | 806,816 | |
| | | | SOUTHERN CA GAS 1.55% 6/15/18 | | | 1,000,000 | | | | ** | | | | 1,001,283 | |
| * | | | STATE STREET CRP 1.95% 5/19/21 | | | 1,000,000 | | | | ** | | | | 981,324 | |
| | | | SUMITOMO MITSUI BKG 1.8% 7/17 | | | 944,000 | | | | ** | | | | 953,890 | |
| | | | SUMITOMO BKG 2.45% 1/10/19 | | | 430,000 | | | | ** | | | | 437,207 | |
| | | | SUMITOMO BKG 2.25% 07/11/19 | | | 500,000 | | | | ** | | | | 504,514 | |
| | | | TORONTO DOM 1.4% 4/30/18 | | | 760,000 | | | | ** | | | | 759,859 | |
| | | | TORONTO DOMINI 2.625% 09/10/18 | | | 754,000 | | | | ** | | | | 771,519 | |
| | | | TORONTO DOMINION 2.25% 11/5/19 | | | 800,000 | | | | ** | | | | 807,168 | |
| | | | TORONTO DOM BANK 2.125% 4/7/21 | | | 350,000 | | | | ** | | | | 346,087 | |
| | | | TOTAL CAP CDA L 1.45% 01/15/18 | | | 416,000 | | | | ** | | | | 418,694 | |
| | | | TOTAL CAP INTL 1.55% 6/28/17 | | | 390,000 | | | | ** | | | | 390,679 | |
| | | | TOTAL CAP INTL 2.125% 01/10/19 | | | 700,000 | | | | ** | | | | 712,384 | |
| | | | TOTAL CAP INTL 2.75% 06/19/21 | | | 340,000 | | | | ** | | | | 344,019 | |
| | | | TOYOTA MOTOR CR 2% 10/24/18 | | | 700,000 | | | | ** | | | | 706,616 | |
| | | | TOYOTA MOTOR CRDIT 2.125% 7/19 | | | 500,000 | | | | ** | | | | 506,760 | |
| | | | TOYOTA MOTOR CR 1.55% 10/18/19 | | | 288,000 | | | | ** | | | | 285,282 | |
| | | | WELLS FARGO 1.5% 01/18 | | | 1,500,000 | | | | ** | | | | 1,508,348 | |
| | | | WELLS FARGO & CO 2.15% 1/15/19 | | | 1,392,000 | | | | ** | | | | 1,412,969 | |
| | | | WELLS FARGO 3% 01/22/21 | | | 635,000 | | | | ** | | | | 654,052 | |
19
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan# 002
Schedule H, line 4i - Schedule of Assets (held at end of year)
12/31/2016
| | | | | | | | | | | | | | | | |
(a) | | | (b) Identity of issue, borrower, lessor, or similar party | | (c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value | | | (d) Cost | | | (e) Current value | |
| | | | WELLS FARGO & CO MTN 2.6% 7/20 | | | 460,000 | | | | ** | | | | 467,607 | |
| | | | WPACBKG 1.6% 1/12/18 | | | 402,000 | | | | ** | | | | 404,661 | |
| | | | WESTPAC BANK CORP 1.2% 5/19/17 | | | 680,000 | | | | ** | | | | 681,127 | |
| | | | WESTPAC BANKING 1.5% 12/01/17 | | | 330,000 | | | | ** | | | | 330,492 | |
| | | | WESTPAC BANKING 1.6% 08/19/19 | | | 650,000 | | | | ** | | | | 645,779 | |
| | | | BK OF NOVA SCOTIA 2.05% 6/5/19 | | | 1,000,000 | | | | ** | | | | 1,001,882 | |
| | | | TORONTO DOM BK 2.125% 7/02/19 | | | 340,000 | | | | ** | | | | 344,297 | |
| | | | US BANK NA CIN 2.125% 10/19 | | | 1,451,000 | | | | ** | | | | 1,460,954 | |
| | | | | | | | | | | | | | | | |
| | | | Total Corporate Bonds | | | | | | | – | | | | 60,562,173 | |
| | | | | | | | | | | | | | | | |
| | | | |
| | | | Synthetic guaranteed investment contract and wrapper contracts: | | | | | | | | | | | | |
| | | | Adjustment from fair value to contract value guaranteed investment contract | | | | | | | ** | | | | (1,280,186 | ) |
| * | | | GIC State Street Bank and Trust Company Boston Contract # 107049 –wrapper | | | | | | | ** | | | | 37,621 | |
| | | | | | | | | | | | | | | | |
| | | | |
| | | | Total synthetic guaranteed investment contract and wrapper contracts: | | | | | | | – | | | | (1,242,565 | ) |
| | | | | | | | | | | | | | | | |
| | | | |
| * | | | Participant loans | |
| 3.25%-3.50% Maturing 2017 - 2022 | | | | ** | | | | 70,823,295 | |
| | | | | | | | | | | | | | | | |
| | | | Total investments at year end | | | | | | | 297,073,855 | | | | 3,848,454,980 | |
| | | | | | | | | | | | | | | | |
** | Historical cost is disclosed only for non-participant directed investments |
20
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Employee Benefit Plans Administrative Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | | |
Date: June 22, 2017 | | | | | | 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 |
21
EXHIBIT INDEX
| | |
Exhibit Number | | Description |
| |
23(a) | | Consent of Crowe Horwath LLP |
22