NextEra Energy

InfluenceMap Score
C-
Performance Band
62%
Organisation Score
55%
Relationship Score
Modifications to InfluenceMap Scoring
Sector:
Utilities
Head​quarters:
Juno Beach, United States
Brands and Associated Companies
Florida Power & Light, FPL Fibernet

Climate Lobbying Overview: NextEra appears to have active and largely positive engagement with US climate change policy, though subsidiaries such as Florida Power & Light (FPL) have advocated against certain energy efficiency and renewable energy policies in recent years. The company holds memberships in several industry associations which are engaging in opposition to robust US climate regulation, again, largely via its FPL subsidiary.

Top-Line Messaging on Climate Policy: NextEra communicates limited top-line support for climate policy, as evident in its 2021 Environmental, Social, and Governance report. For example, it appears to support the need for emissions reductions in line with IPCC recommendations but does not comment on the need for climate policy in general or the Paris Agreement. However, in 2020, NextEra did join a coalition requesting the US Federal Energy Regulatory Commission (FERC) to convene a conference to investigate integrating carbon pricing into US electricity markets.

Engagement With Climate-Related Policy: NextEra appears to have engaged with various items of climate-related legislation and regulation in the US since 2020, with mixed positions. In January 2021, the company predicted and appeared to support climate policy under the Biden administration that would expand the role for renewable energy. On earnings call transcripts in April and July 2021, NextEra issued support for federal climate policy including a clean energy standard (CES), with CEO Jim Robo reiterating support for a CES in May 2021. The company also testified in opposition to Kansas Senate Bill 279 in March 2021, which would restrict wind energy development in the state. However, October 2020 comments from subsidiaries FPL and Gulf Power to Florida’s Public Service Commission push against pro-distributive renewable energy regulations in Florida. Historically, the company’s positions on energy efficiency legislation likewise appear inconsistent. In March 2018, NextEra opposed Iowa legislation which would undermine energy efficiency initiatives across the state. However, in 2019, subsidiary FPLreportedly lobbied to significantly reduce Florida’s energy efficiency target.

Positioning on Energy Transition: NextEra has communicated support for a shift towards a low-carbon energy mix – for example, supporting the scale-up of green hydrogen to achieve deep decarbonization in high-emitting sectors. On an April 2021 earnings call, CEO Jim Robo described the company's direct engagement with the Biden administration advocating for an infrastructure package toward the decarbonization of the economy. However, NextEra has also advocated mixed positions on the role of fossil gas. Previously, in 2019, CEO Jim Robo stated that he considers fossil gas pipelines "clean energy" while referring to protests against them as "surprising" in 2020. In March 2020 consultation feedback on the review of the National Environmental Policy Act, NextEra supported the maintenance of climate considerations under NEPA reviews but with several reservations, including the need for gas pipelines to still be considered favorably. However, as of 2021, NextEra has strongly advocated for the scale-up of green hydrogen to replace some fossil gas generation, including through federal tax incentives for green hydrogen. In addition, NextEra subsidiaries FPL and Gulf Power have strongly supported the electrification of transportation in Florida, as evident in November 2020 comments calling for a statewide Zero Emission Vehicle standard.

Industry Association Governance: NextEra discloses a list of its membership in industry associations but provides no further detail on these organizations’ climate policy positions or the company’s alignment with them. It is a member of the Consumer Energy Alliance, a 501(c)(4) non-profit with highly active and negative engagement with climate policy. Through subsidiary FPL, NextEra is a board-level member to the US Chamber of Commerce which has successfully campaigned for the rollback of several key US climate policies since 2016. The company is also a member of the Business Roundtable and Edison Electric Institute, both of which demonstrate mixed positions.

QUERIES
DATA SOURCES
Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures
Communication of Climate Science
1 NS NS NS NS NS NS
Alignment with IPCC on Climate Action
1 NS NA 1 NS NS NS
Supporting the Need for Regulations
0 NS NS 2 1 1 NS
Support of UN Climate Process
NS NS NS NS NS NS NS
Transparency on Legislation
-2 NA -2 NA NA NA NS
Carbon Tax
NS NS NS NS 1 NS NS
Emissions Trading
NS NS NS 1 0 NS NS
Energy and Resource Efficiency
NS NS NS -2 -1 NS NS
Renewable Energy
1 1 NS 1 0 1 1
Energy Transition & Zero Carbon Technologies
2 1 NS 1 1 1 1
GHG Emission Regulation
NS 2 NS 1 2 2 NS
Disclosure on Relationships
-1 NS -2 NA NA NA NS
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
27%
 
27%
 
92%
 
92%
 
52%
 
52%
 
25%
 
25%
 
87%
 
87%
 
53%
 
53%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.