Investing in Affordable  and Reliable Energy To our shareholders:  NextEra Energy generated solid results in 2011, and proved that we can deliver value despite the challenges and  uncertainties of the current environment. Florida Power & Light Company (FPL) continued to deliver the lowest electricity bill  in Florida and one of the best value propositions of any electric utility in the entire nation. NextEra Energy Resources, LLC  (with its subsidiaries, “NextEra Energy Resources”) remains the biggest generator of wind and solar power in the United  States, and is now developing the largest backlog of renewable projects we have ever had.  support our efforts to deliver exceptional  system reliability. Our scale and strength helped us set another  all-time high for our company’s adjusted  earnings per share in 2011. Our 2011 growth  in adjusted earnings per share, at 2.1 percent, 1 was roughly in line with what our peers have  delivered on average over the past 10 years,  which includes a long period when market  conditions were much more favorable than  they are today. Moreover, our profitability, as  reflected in 2011 adjusted return on equity  (ROE) 2 , continues to be better than the long- term industry median. NextEra Energy Resources faced several  challenges in 2011, yet we reached key  milestones as well. We signed nearly 2,200 megawatts (MW) of long-term wind  and solar contracts in 2011, our most ever in  a single year. On the solar front, the company  has between 850 and 950 MW of already- contracted solar projects expected to enter  service through 2016. Our wind business in  2011 generated nearly 25 million megawatt- hours of electricity, which is comparable to  the retail output of such utilities as OGE Energy, Alliant  Energy or Great Plains Energy.  FPL has a clear strategy of investing in new,  clean power generation to continue delivering benefits to  our customers, and one of those projects is featured on the  front cover of this report. The new Cape Canaveral Next  Generation Clean Energy Center is a $1 billion investment.  Because it will use 33 percent less fuel per megawatt-hour  of power generated, this plant effectively pays for itself  primarily due to fuel savings estimated at more than  $1 billion over the 30-year operational life of the plant. At  the same time, it will generate far fewer emissions and  Lewis Hay, III  Chairman and  Chief Executive Officer We believe that NextEra Energy is well positioned to  continue to deliver outstanding value to our shareholders  over the long term. For the 10 years ended Dec. 31, 2011,  our adjusted earnings per share grew at a compound  annual rate of 6.3 percent, 3  compared to the 2.2 percent  compound annual growth rate of the S&P 500 Electric  Utilities Index. Our dividends per share also grew at a  * Proje c t e d b a s e d u pon di v i d e n d o f  $ 0.60  d e c l a r e d o n  Feb .  1 7 , 2 0 1 2 , f o r pa y m e n t o n  M a rch 1 5, 2 0 1 2 ;  d ivi dend  declarations ar subject to the discretion of the Boar of Dir ectors of NextEra Energy. * With dividend reinvestment Source: Bloomberg ANNUAL REPORT AR-1 NextEra Ener gy 209% S&P 500 Electric Utilities Index 129% S&P 500 33% 10-year Total Shareholder Return* 1/1/2002-12/31/11 2007-2012 Compound $_{A}$nnual Growth Rate: 8% $1.78 $1.89 $2.00 2008 2009 2010 2011 2012* $2.20 $1.64 2007 $2.40 NextEra Energy  Dividends Per Share $^{1 }$See inside fr ont cover for reconciliations of adjusted amounts to GAAP. $^{2 }$See page AR-6 for reconciliations of Adjusted Return on Equity (ROE) to GAAP ROE.  $^{3 }$See page AR-6 for reconciliations of adjusted amounts to GAAP.