NextEra Energy

InfluenceMap Score
C-
Performance Band
63%
Organisation Score
46%
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’s engagement with climate change policy is generally positive, though the company has advocated against some energy efficiency and renewable energy policies in recent years. Further, the company’s industry association relationships are generally at odds with positive advocacy on climate policy.

Top-Line Messaging on Climate Policy: Overall, NextEra lacks significant top-line statements on climate policy, as evident in its 2020 Corporate Social Responsibility report. The company does not appear to have taken a position on the Paris Agreement in recent years, and centers a majority of its statements on climate action around its own operations.

Engagement With Climate-Related Regulation: NextEra appears to have lobbied on climate-related regulations in the US with mixed positions. In 2020, the company joined a coalition requesting the US Federal Energy Regulatory Commission (FERC) to convene a conference to investigate integrating carbon pricing into US electricity markets. The company’s recent positions on different energy efficiency bills appear to be inconsistent. In March 2018, the company opposed Iowa legislation which would undermine energy efficiency initiatives across the state. However, in 2019, subsidiary Florida Power & Light (FPL) reportedly lobbied to significantly reduce Florida’s energy efficiency target. NextEra’s positions on renewable energy legislation also appear contradictory. While CEO Jim Robo communicated a positive vision for the overall increase of renewable generated power in the US in 2019, October 2020 comments from subsidiaries FPL and Gulf Power to Florida’s Public Service Commission push against pro-distributive renewable energy regulations in Florida that would further support customer-owned renewable generation.

Positioning on Energy Transition: Although NextEra is generally supportive of the need to shift towards a low-carbon energy mix in its 2020 ESG report, the company’s direct advocacy has taken a somewhat mixed position on the energy transition. In 2018 comments to FERC, the company expressed support for the expansion of PJM’s (a regional capacity market) Minimum Offer Price Rule (MOPR), which was accepted by the Federal Energy Regulatory Commission. The rule appears to protect fossil fuel electricity-generating units and hinder the proliferation of renewable energy within the capacity market. Statements from CEO Jim Robo suggest the company’s support for a continued role of natural gas in the energy mix, explaining in 2019 that he considers natural gas pipelines "clean energy," while referring to protests against them as "surprising" in 2020. In a March 2020 consultation feedback to a review of federal environmental permitting for energy projects under the National Environmental Policy Act, NextEra supported the inclusion of climate considerations but with several reservations, including the need for gas pipelines to still be considered favorably under such an analysis. Conversely, the company has strongly supported policymaking to support the electrification of transportation in Florida, evident in November 2020 comments that include a call for a statewide Zero Emission Vehicle standard.

Industry Association Governance: NextEra has disclosed 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. NextEra retains a board-level position on the American Wind Energy Association, a group actively supporting an ambitious climate agenda in the US. However, the company also maintains memberships to various other groups that have taken more negative lines on US climate policy, including the Edison Electric Institute and the Consumer Energy Alliance. Through subsidiary FPL, the company 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, which has begun to demonstrate a nominally positive shift on climate policy following historically mixed positions.

QUERIES
DATA SOURCES
Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures EU Register
Communication of Climate Science
1 NS NS NS NS NS NS NA
Alignment with IPCC on Climate Action
0 NS NA 1 NS NS NS NA
Supporting the Need for Regulations
0 NS NS 2 NS 1 NS NA
Support of UN Climate Process
NS NS NS NS NS NS NS NA
Transparency on Legislation
-2 NA -2 NA NA NA NS NA
Carbon Tax
NS NS NS NS 1 NS NS NA
Emissions Trading
NS NS NS 1 1 NS NS NA
Energy and Resource Efficiency
NS NS NS 1 -1 NS NS NA
Renewable Energy
1 1 NS 0 -1 0 1 NA
Energy Transition & Zero Carbon Technologies
1 0 NS 1 0 0 1 NA
GHG Emission Regulation
NS 2 NS 1 2 2 NS NA
Disclosure on Relationships
0 NS -2 NA NA NA NS NS
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
23%
 
23%
 
93%
 
93%
 
51%
 
51%
 
23%
 
23%
 
45%
 
45%

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.