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AGM 2022

May 19, 2022

Jim Robo
Executive Chairman, NextEra Energy

Morning, everyone. Welcome to the Annual Meeting of Shareholders of NextEra Energy. I'm Jim Robo, Executive Chairman, and I hereby call this meeting to order. Let me begin by thanking all of you for attending this meeting or for listening via webcast. I'd like to begin by making a few introductions. First on the dais with me today is John Ketchum, President, CEO, and a director of NextEra Energy, and Charlie Sieving, Executive Vice President and General Counsel. Also in the room is Scott Seeley, Vice President of Compliance and Corporate Secretary, who will assist in the business of the meeting. Also with us today are other senior officers of NextEra Energy, Florida Power & Light Company, and NextEra Energy Resources. Next, I will introduce the individuals who are joining John and me today as nominees for election to our Board of Directors.

Please stand when I call your name. The nominees are Sherry Barrat, the retired Vice Chairman of Northern Trust Corporation, a financial holding company headquartered in Chicago. Sherry has been a director since 1998. Jim Camaren, a private investor and former Chairman and CEO of Utilities, Inc., which was one of the largest investor-owned water utilities in the U.S. Jim has been a director since 2002. Ken Dunn, Emeritus Professor of Financial Economics and former Dean of the David A. Tepper School of Business at Carnegie Mellon University. Ken has been a Director since 2010. Naren Gursahaney, the Non-Executive Chairman of the Board of Terminix Global Holdings, a provider of pest control services. Naren has been a Director since 2014. Amy Lane, the retired Managing Director and Group Leader of the Global Retailing Investment Banking Group of Merrill Lynch & Company.

Amy has been a Director since 2015. David Porges, former Chairman of Equitrans Midstream Corporation and former Chairman and CEO of EQT Corporation. David has been a Director since 2020. Rudy Schupp, retired President of Valley National Bancorp and Chief Banking Officer of Valley National Bank. Rudy has been a Director since 2005. Jack Skolds, retired Executive Vice President of Exelon Corporation and President of Exelon Energy Delivery. Jack has been a director since 2012. Armando J. Olivera , retired President of NextEra Energy's Nuclear Division and our former Chief Nuclear Officer. This is Art's first year on the ballot. Finally, we have two nominees for election who could not join us today. Kirk Hachigian, former Chairman and CEO of JELD-WEN Holding, Inc., and former Chairman and CEO of Cooper Industries. Kirk has been a Director since 2013.

Darryl Wilson, retired Vice President of GE Power. Darryl has been a Director since 2018. I'd also like to confirm the attendance of our independent auditors, Deloitte & Touche. Representing the firm this morning are Brad Poole and Sarah Goldberg. Now let's get to the business of the meeting, which will include a description of the items of business that require approval of shareholders, a discussion of those items only, and a vote on those items. When we finish the business of the meeting, I will adjourn the meeting. With that, I'll ask for confirmation that we have a quorum present so we may conduct the business of the meeting.

Charles Sieving
EVP, Chief Legal, Environmental and Federal Regulatory Affairs Officer, NextEra Energy

Actually, 87% of our outstanding shares entitled to vote are present, so we have a quorum.

Jim Robo
Executive Chairman, NextEra Energy

Thank you, Charlie. We have four items of business today, including one shareholder proposal if that shareholder or representative is here to present it. Item one is the election as directors of the nominees specified in the proxy statement. Item two is the ratification of the appointment of Deloitte & Touche LLP as NextEra Energy's independent registered public accounting firm for 2022. Item three is the approval by non-binding advisory vote of NextEra Energy's compensation of its named executive officers as disclosed in the proxy statement. Item number four is proposed by the Office of the New York City Comptroller on behalf of the New York City Employees' Retirement System. Is the proponent or a representative of the proponent here today? If so, please step to the microphone, introduce yourself, and present the proposal.

John Dorsa
Chief Pension Officer, City of New York - Office of the Comptroller

Good morning, Mr. Chairman, members of the board and fellow shareholders. My name is John Dorsa. I am presenting Proposal Four on behalf of the New York City Comptroller, Brad Lander, and four of the New York City pension funds. With the substantial long-term holder shareholders of the company with over 2 million shares, 2,124,293 to be precise, with a value of over $166 million. Proposal Four asks that the company to disclose in its next annual proxy statement each director's self-identified gender and race and/or ethnicity, as well as the skills and attributes that are relevant in light of the company's overall business, long-term strategy, and risks, particularly with respect to climate change.

Under recent proposed SEC rules, you may soon be required to disclose whether any members of the board have expertise in climate-related risks and the nature of that expertise. You, as directors, set the tone from the top, and the disclosure of individualized board matrix would signal to NextEra's employees, customers, suppliers, and investors that directors themselves are practicing diversity and inclusion in NextEra's boardroom. I commend the company statement that diversity of skills and attributes is a key quality of well-functioning board and is an important information for shareholders. We would, however, respectfully disagree that aggregated disclosure of the board's diversity and skill sets is adequate or decision useful for investors.

Investors are still unable to ascertain the self-identified gender, race, ethnicity, skills, and attributes of any particular director who has assumed leadership roles on the board or committees, as well as them, their/her tenure. Investors do not elect directors at general meetings as a collective body, but as individuals who are accountable to act as fiduciaries in the boardroom. In its opposition statement, the board argues that the imposition of prescriptive matrix by individual director can promote the check-the-box approach to refreshment. We again disagree. We do not think this is prescriptive as any particular board matrix for a use by a company, nor do we even mention the word refreshment in our proposal. Rather, our proposal is about transparency. Furthermore, we specifically noted in the proposal neither prevents nor discourages NextEra's disclosing of any data or information that the board believes is relevant.

We also find the argument that the disclosure of such matrix may increase the risk of bypassing a well-qualified candidate archaic and absurd. Your peers, Southern Company, Duke Energy disclose individual board matrices as well as large investors such as BlackRock, State Street, JP Morgan and Morgan Stanley. Proxy advisory firm Glass Lewis is recommending investors vote for our proposal. I urge the shareholders support to support and vote yes on proposal four. Thank you.

Jim Robo
Executive Chairman, NextEra Energy

Thank you. I declare that item four is properly presented. Item number five, a shareholder proposal requesting diversity data reporting has been withdrawn by the proponent as the company will be voluntarily releasing promotion and hiring data in line with EEO-1 categories beginning in our 2023 ESG report. Therefore, no votes will be cast on item number five. We will now have a discussion on these four items of business only. If you are a shareholder and have a comment or question on these items of business, please come to the microphone, state your name and the number of shares you own to introduce yourself. Are there any comments or questions on these items of business? Seeing no questions and since under our bylaws, no other nominations or proposals would be timely, we will now conduct a vote.

Those who want to cast a ballot or submit a proxy, please raise your hand and a balloting representative will assist you. If you've already sent in your proxy or submitting it now, you do not need to fill out a ballot. Okay. It appears that all shareholders wishing to vote by ballot have done so. Therefore, I hereby declare the polls closed. I believe the inspector of election has provided the preliminary results of the vote to the general counsel. Charlie, would you please announce the preliminary results?

Charles Sieving
EVP, Chief Legal, Environmental and Federal Regulatory Affairs Officer, NextEra Energy

Sure. Mr. Chairman, the preliminary results are as follows. On item one, the election of directors, all nominees received at least 86% of the votes cast, and therefore all of them have been elected. On item two, approximately 93% of the votes cast have approved Deloitte & Touche as our independent registered public accounting firm for 2022. The appointment has been ratified. On item three, approximately 82% of the votes cast have approved by non-binding advisory vote the compensation of our named executive officers. The compensation has been approved. On item four, approximately 75% of the votes cast are against the shareholder proposal related to a board skills matrix. That proposal has not been approved.

Jim Robo
Executive Chairman, NextEra Energy

Thank you, Charlie. As we've completed our business, I hereby declare that the NextEra Energy annual meeting of shareholders is adjourned. Please be safe and enjoy the rest of your day.

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