UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
x | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2015
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, 2015 AND 2014
Page No. | ||||
1 | ||||
FINANCIAL STATEMENTS |
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STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 2015 AND 2014 |
2-3 | |||
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2015 |
4 | |||
5 | ||||
SUPPLEMENTAL SCHEDULE |
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SCHEDULE H Line 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR) |
15 | |||
28 | ||||
29 | ||||
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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, 2015 and 2014, and the related statement of changes in net assets available for benefits for the year ended December 31, 2015. These financial statements are the responsibility of the Plans 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, 2015 and 2014, and the changes in net assets available for benefits for the year ended December 31, 2015 in conformity with U.S. generally accepted accounting principles.
The supplemental Schedule H, Line 4iSchedule of Assets (Held at End of Year) as of December 31, 2015 has been subjected to audit procedures performed in conjunction with the audit of NextEra Energy, Inc. Employee Retirement Savings Plans financial statements. The supplemental schedule is the responsibility of the Plans 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 Labors 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.
Crowe Horwath LLP
Columbus, Ohio
June 20, 2016
1
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2015 AND 2014
December 31, 2015 | ||||||||||||||||
Nonparticipant-Directed | ||||||||||||||||
Participant- Directed |
Allocated | Unallocated | Total | |||||||||||||
ASSETS |
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Investments, at fair value (see Note 7) |
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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 | ||||||||||||
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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 | ||||||||||||
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Total investments |
2,583,313,990 | 871,933,365 | 10,535,693 | 3,465,783,048 | ||||||||||||
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Receivables |
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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 | ||||||||||||
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Total receivables |
74,936,281 | | 58 | 74,936,339 | ||||||||||||
Non-interest bearing cash |
649,288 | 9 | | 649,297 | ||||||||||||
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Total assets |
2,658,899,559 | 871,933,374 | 10,535,751 | 3,541,368,684 | ||||||||||||
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LIABILITIES |
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Leveraged ESOP note: |
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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 | ||||||||||||
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Total liabilities |
2,658,113 | 56,444 | 3,351,673 | 6,066,230 | ||||||||||||
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NET ASSETS AVAILABLE FOR BENEFITS |
$ | 2,656,241,446 | $ | 871,876,930 | $ | 7,184,078 | $ | 3,535,302,454 | ||||||||
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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, 2015 AND 2014
December 31, 2014 | ||||||||||||||||
Nonparticipant-Directed | ||||||||||||||||
Participant- Directed |
Allocated | Unallocated | Total | |||||||||||||
ASSETS |
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Investments, at fair value (see Note 7) |
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Registered investment companies |
$ | 250,241,539 | $ | 7,228,596 | $ | | $ | 257,470,135 | ||||||||
Collective trust funds |
1,294,265,738 | | | 1,294,265,738 | ||||||||||||
Common stock other than NextEra Energy, Inc. common stock |
327,321,877 | | | 327,321,877 | ||||||||||||
NextEra Energy, Inc. common stock |
422,746,392 | 875,088,227 | 102,892,653 | 1,400,727,272 | ||||||||||||
Interest bearing cash |
30,224 | | | 30,224 | ||||||||||||
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Total investments, at fair value |
2,294,605,770 | 882,316,823 | 102,892,653 | 3,279,815,246 | ||||||||||||
Investments, at contract value (see Note 8) |
316,753,118 | | | 316,753,118 | ||||||||||||
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Total investments |
2,611,358,888 | 882,316,823 | 102,892,653 | 3,596,568,364 | ||||||||||||
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Receivables |
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Participant loans |
71,873,571 | | | 71,873,571 | ||||||||||||
Pending trades due from brokers |
247,556 | | | 247,556 | ||||||||||||
Other receivables |
1,177,170 | | 26 | 1,177,196 | ||||||||||||
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Total receivables |
73,298,297 | | 26 | 73,298,323 | ||||||||||||
Non-interest bearing cash |
332,995 | 9 | | 333,004 | ||||||||||||
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Total assets |
2,684,990,180 | 882,316,832 | 102,892,679 | 3,670,199,691 | ||||||||||||
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LIABILITIES |
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Leveraged ESOP note: |
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Current |
| | 27,265,500 | 27,265,500 | ||||||||||||
Non-current |
| | 3,340,882 | 3,340,882 | ||||||||||||
Interest payable (Leveraged ESOP) |
| | 98,859 | 98,859 | ||||||||||||
Pending trades due to brokers |
760,319 | | | 760,319 | ||||||||||||
Other payables |
1,680,687 | 353,835 | | 2,034,522 | ||||||||||||
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Total liabilities |
2,441,006 | 353,835 | 30,705,241 | 33,500,082 | ||||||||||||
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NET ASSETS AVAILABLE FOR BENEFITS |
$ | 2,682,549,174 | $ | 881,962,997 | $ | 72,187,438 | $ | 3,636,699,609 | ||||||||
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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, 2015
Nonparticipant-Directed | ||||||||||||||||
Participant- Directed |
Allocated | Unallocated | Total | |||||||||||||
Additions to net assets attributed to: |
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Net depreciation in fair value of investments |
$ | (16,939,392 | ) | $ | (19,139,696 | ) | $ | (4,070,790 | ) | $ | (40,149,878 | ) | ||||
Interest income |
8,551,040 | | 187 | 8,551,227 | ||||||||||||
Dividend income |
23,654,597 | 25,115,425 | 1,925,881 | 50,695,903 | ||||||||||||
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Net investment income/(loss) |
15,266,245 | 5,975,729 | (2,144,722 | ) | 19,097,252 | |||||||||||
Contributions |
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Participant |
134,730,720 | | | 134,730,720 | ||||||||||||
Employer |
| | 2,202,870 | 2,202,870 | ||||||||||||
Allocation of Leveraged ESOP shares |
| 63,175,481 | | 63,175,481 | ||||||||||||
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Total contributions |
134,730,720 | 63,175,481 | 2,202,870 | 200,109,071 | ||||||||||||
Transfer from/to nonparticipant-directed investments |
36,280,372 | 1,499,900 | | 37,780,272 | ||||||||||||
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Total net additions |
186,277,337 | 70,651,110 | 58,148 | 256,986,595 | ||||||||||||
Deductions from net assets attributed to: |
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Interest expense |
| | 1,886,027 | 1,886,027 | ||||||||||||
Benefit payments to participants and beneficiaries |
207,169,217 | 44,102,971 | | 251,272,188 | ||||||||||||
Management and administrative expenses |
3,915,948 | 353,834 | | 4,269,782 | ||||||||||||
Transfer from/to participant directed investments |
1,499,900 | 36,280,372 | | 37,780,272 | ||||||||||||
Decrease in Leveraged ESOP unallocated account |
| | 63,175,481 | 63,175,481 | ||||||||||||
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Total deductions |
212,585,065 | 80,737,177 | 65,061,508 | 358,383,750 | ||||||||||||
Net decrease |
$ | (26,307,728 | ) | $ | (10,086,067 | ) | $ | (65,003,360 | ) | $ | (101,397,155 | ) | ||||
Net assets available for benefits at December 31, 2014 |
$ | 2,682,549,174 | $ | 881,962,997 | $ | 72,187,438 | $ | 3,636,699,609 | ||||||||
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Net assets available for benefits at December 31, 2015 |
$ | 2,656,241,446 | $ | 871,876,930 | $ | 7,184,078 | $ | 3,535,302,454 | ||||||||
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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, 2015 AND 2014
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 compensation 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 elect 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 also includes leveraged employee stock ownership plan (Leveraged ESOP) provisions (see Note 4). The Leveraged ESOP is a stock bonus plan within the meaning of U.S. Treasury Regulation Section 1.401-1(b)(1)(iii) that is qualified under Section 401(a) of the Code and is 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 do 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, 2015 AND 2014
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 on 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 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 Fidelitys excessive trading policy and the Plans 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, 2015 and 2014.
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 |
All or part of required Company contributions to the Plan are 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 makes 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 2015 the Company contributed cash of $2,202,870 for required principal and interest payments on Acquisition Indebtedness. Contributions are 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. The Company is continuing to provide matching contributions in the form of Company Stock.
6
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
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 2015 totaled $1,499,900 and forfeitures applied to administrative fees in 2015 totaled $260,271. At December 31, 2015 and 2014, the balance of the forfeiture account was $153,105 and $266,936, respectively.
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 Participants 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, 2015 carry an interest rate of 3.25% and mature between 2016 and 2021.
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 Participants 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 $63 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 Plans investment options. Any fees paid directly by the Company are not included in the financial statements.
7
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
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 limit this right while Leveraged ESOP Acquisition Indebtedness remains 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.
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.
Recent Accounting Pronouncements
In 2015, the Financial Accounting Standards Board issued two amendments to accounting principles generally accepted in the United States which simplify employee benefit plan reporting and plan investment disclosures and enhance consistency in the categorization of investments in the fair value hierarchy. The amendments are effective for periods beginning after December 15, 2015 and early adoption is permitted with retrospective application for comparative periods.
The first amendment removes 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 Plan Sponsor has chosen not to early adopt this amendment and is currently evaluating the effect the adoption of this amendment will have on the Plans financial statements.
Under the second amendment, benefit plan reporting was simplified with respect to fully-benefit-responsive investment contracts which are now to be measured, presented and disclosed at contract value. Additionally, Plan investment disclosures have been simplified by eliminating previously required disaggregation of net appreciation or depreciation in investments by general type, no longer requiring disclosure of investments representing 5% or more of net assets available for benefits, and no longer requiring that investments in the fair value hierarchy be disclosed by nature, characteristics and risk. The Plan Sponsor has chosen to early adopt these changes and the impact of the adoption has been reflected in the presentation of the statements of net assets available for benefits or the statement of changes in net assets available for benefits. The financial impact of adopting the amendment had no effect on the Plans total net assets available for benefits. Amounts previously reported at December 31, 2014 reflect a reduction in Total investments in the Statements of Net Assets Available for Benefits, at fair value of $322,902,484, the removal of the adjustments from fair value to contract value for fully benefit-responsive investment contracts of ($6,149,366) and the net result is reported as Investments, at contract value in the amount of $316,753,118, in the Statements of Net Assets Available for Benefits. The impact of the revisions to disclosures has been reflected in Note 2, Note 7, and Note 8.
Investment Valuation
The Plans 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.
8
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
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, common stock and other: 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 common stock are valued at their quoted market price in active markets (Level 1 inputs).
There are also investments in registered investment companies which are valued at the net asset value of such shares held (Level 2 inputs). The investment objectives of these registered investment companies valued at net asset value vary, with some holding diversified portfolios of domestic or international stocks, diversified portfolios of bonds, inflation-protected bonds, and/or money market securities. Each of these registered investment companies which are valued at net asset value provide for daily redemptions reported at net asset value per unit share, with no advance notice requirement.
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). The investment objectives of the underlying collective trust funds vary, with holdings which include diversified portfolios of domestic or international stocks, diversified portfolios of bonds, inflation-protected bonds, money market securities, commodity securities and/or real estate securities. The investment objectives of the short term investment funds is to provide daily liquidity and invest directly or indirectly in mortgage and asset-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities. Each collective trust fund provides for daily redemptions reported at net asset value per unit share, with no advance notice requirement.
Interest bearing cash: Interest bearing cash plus accrued interest is reported at cost which approximates fair value (Level 2 inputs).
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.
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 Plans 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.
9
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
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 the Leveraged 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) is initially held in a separate account (Leveraged ESOP account) until shares are allocated to the accounts of participants under the Plan.
Acquisition Indebtedness
The Acquisition Indebtedness (Leveraged ESOP Note) is held by EMB Investments, Inc. (the Lender) which is a wholly-owned subsidiary of NextEra Energy Capital Holdings, Inc. The Leveraged ESOP Note carries a fixed interest rate of 9.69% per annum. The Leveraged ESOP Note is 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 2015, dividends received from shares held by the Leveraged ESOP account and shares allocated to Participants accounts totaled $1,925,881 and $25,115,425, respectively. Employer contributions for the 2015 debt service shortfall totaled $2,202,870.
The unallocated shares of Company Stock acquired with the proceeds of the Leveraged ESOP Note are collateral for the Leveraged ESOP Note. As debt payments are made, a percentage of Company Stock is released from collateral and becomes 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 is based on the ratio of the total of the current years principal and interest payments on the Leveraged ESOP Note to the total principal and interest payments remaining, including the current year. In 2015, the number of shares required to be released exceeded the number of shares required to provide Company matching contributions and to restore dividends on allocated Leveraged ESOP shares. The additional shares were allocated to participants in accordance with the terms of the Plan. During 2015, 866,625 shares of Company Stock were released from collateral for the Leveraged ESOP Note. The 866,625 shares consisted of 464,879 shares to provide Company matching contributions, 148,169 shares allocated in accordance with the terms of the plan and 253,577 shares to restore dividends on allocated Leveraged ESOP shares used to repay the Leveraged ESOP Note.
10
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
The Leveraged ESOP Note, with carrying values of $3,340,882 and $30,606,382 at December 31, 2015 and 2014, respectively, is estimated to have a fair value that is not materially different from carrying value. The fair value is 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).
The scheduled principal repayments of the Leveraged ESOP Note are as follows:
Year |
Repayment Amount | |||
2016 |
$ | 3,340,882 |
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.
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 is 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 and 2014, 101,412 and 968,037 shares, respectively, 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 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, are used to repay the Leveraged ESOP Note. Certain dividends on shares held in Participants accounts are reinvested in Company Stock for the benefit of the Plans Participants pursuant to the Companys Dividend Reinvestment and Direct Stock Purchase Plan in which the Trustee participates.
At December 31, 2015 and 2014, the number of shares of Company Stock held in Participants accounts totaled 12,159,364 and 12,210,317, respectively, with a fair value of $1,263,236,295 and $1,297,834,619, respectively. During 2015, dividends on shares of Company Stock held in Participants accounts totaled $37,158,260 and dividends on shares of Company Stock held in the Leveraged ESOP account totaled $1,925,881.
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 $71,861,913 and $71,873,571 at December 31, 2015 and December 31, 2014, respectively, are also considered party-in-interest transactions.
11
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
7. | Investments |
The following table sets forth by level, within the fair value hierarchy, the Plans 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 |
356,182,868 | | | 356,182,868 | ||||||||||||
NextEra Energy, Inc. common stock |
398,691,869 | | | 398,691,869 | ||||||||||||
Corporate bonds |
| 28,560 | | 28,560 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total participant-directed investments |
1,014,036,150 | 1,261,826,697 | | 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 hierarchy |
1,896,505,208 | 1,261,826,697 | | 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.
12
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
The following table sets forth by level, within the fair value hierarchy, the Plans assets that are measured at fair value on a recurring basis as of December 31, 2014:
Fair Value Measurements At December 31, 2014 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 |
$ | 164,958,609 | $ | 85,282,930 | $ | | $ | 250,241,539 | ||||||||
Collective trust funds |
| 1,294,265,738 | | 1,294,265,738 | ||||||||||||
Common stock other than NextEra Energy, Inc. common stock |
327,321,877 | | | 327,321,877 | ||||||||||||
NextEra Energy, Inc. common stock |
422,746,392 | | | 422,746,392 | ||||||||||||
Interest bearing cash |
| 30,224 | | 30,224 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total participant-directed investments |
915,026,878 | 1,379,578,892 | | 2,294,605,770 | ||||||||||||
Nonparticipant-directed investments (Leveraged ESOP): |
||||||||||||||||
NextEra Energy, Inc. common stock |
977,980,880 | | | 977,980,880 | ||||||||||||
Registered investment companies |
7,228,596 | | | 7,228,596 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total nonparticipant-directed investments |
985,209,476 | | | 985,209,476 | ||||||||||||
Total investments in the fair value hierarchy |
1,900,236,354 | 1,379,578,892 | | 3,279,815,246 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Investments at contract value |
316,753,118 | |||||||||||||||
|
|
|||||||||||||||
Total investments |
$ | 3,596,568,364 | ||||||||||||||
|
|
During the 2014 Plan year there were no transfers between Level 1 and Level 2 investments.
8. | Managed Income Fund |
The contract value of fully benefit-responsive investment contracts was $307,451,143 and $316,753,118, respectively, at December 31, 2015 and 2014. 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 $3,101,673 and $2,020,594, respectively, at December 31, 2015 and 2014.
9. | Income Taxes |
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 and for dividends on Company Stock distributed directly to Participants. Participants are given the option to receive dividend distributions in cash; all dividends earned by Participants are deductible by the Company.
13
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
Company matching contributions to the Plan on a Participants behalf, the Participants 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. Participants 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 Participants 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, 2015 and 2014, 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; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations by the IRS for years prior to 2012.
10. | Reconciliation of Financial Statements to Form 5500 |
The following is a reconciliation of net assets available for benefits included in the financial statements to Form 5500 for December 31, 2014. As of December 31, 2015, fully benefit-responsive investment contracts will be reported at contract value on Form 5500 and reported at contract value in the statements of net assets available for benefits.
December 31, 2014 |
||||
Net assets available for benefits per the financial statements |
$ | 3,636,699,609 | ||
Adjustment from fair value to contract value for fully benefit-responsive investment contracts |
6,149,366 | |||
|
|
|||
Net assets per Form 5500 |
$ | 3,642,848,975 | ||
|
|
The following is a reconciliation of the change in net assets available for benefits per the financial statements to the Form 5500 for December 31, 2015:
December 31, 2015 |
||||
Decrease in net assets available for benefits per the financial statements |
$ | (101,397,155 | ) | |
Less: Prior year adjustment to contract value for investments in fully benefit-responsive contracts |
(6,149,366 | ) | ||
|
|
|||
Net income per Form 5500 |
$ | (107,546,521 | ) | |
|
|
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)
December 31, 2015
(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: |
||||||||||||||
MOBILEYE NV |
17,500 | ** | 739,900 | |||||||||||
FERRARI NV |
10,720 | ** | 514,560 | |||||||||||
ALLERGAN PLC |
20,135 | ** | 6,292,188 | |||||||||||
VALEANT PHARMACEUTICALS |
23,700 | ** | 2,409,105 | |||||||||||
NXP SEMICONDUCTORS NV |
16,100 | ** | 1,356,425 | |||||||||||
ASML HLDG NV (NY REG SHS) |
12,300 | ** | 1,091,871 | |||||||||||
AKAMAI TECHNOLOGIES INC |
13,100 | ** | 689,453 | |||||||||||
ALASKA AIR GROUP INC |
16,700 | ** | 1,344,517 | |||||||||||
ALEXION PHARMACEUTICALS |
36,200 | ** | 6,905,150 | |||||||||||
ALPHABET INC CL C |
6,122 | ** | 4,645,863 | |||||||||||
ALPHABET INC CL A |
10,500 | ** | 8,169,105 | |||||||||||
AMAZON.COM INC |
22,300 | ** | 15,072,346 | |||||||||||
AMERICAN AIRLINES GROUP |
96,400 | ** | 4,082,540 | |||||||||||
ANTHEM INC |
22,800 | ** | 3,179,232 | |||||||||||
APPLE INC |
25,100 | ** | 2,642,026 | |||||||||||
BECTON DICKINSON & CO |
8,500 | ** | 1,309,765 | |||||||||||
BIOMARIN PHARMACEUTICAL |
11,100 | ** | 1,162,836 | |||||||||||
BIOGEN INC |
3,800 | ** | 1,164,130 | |||||||||||
BOEING CO |
54,500 | ** | 7,880,155 | |||||||||||
BRISTOL-MYERS SQUIBB CO |
41,100 | ** | 2,827,269 | |||||||||||
CIGNA CORP |
12,300 | ** | 1,799,859 | |||||||||||
CANADIAN PAC RAILWAY |
14,500 | ** | 1,850,200 | |||||||||||
CARMAX INC |
18,700 | ** | 1,009,239 | |||||||||||
CELGENE CORP |
24,600 | ** | 2,946,096 | |||||||||||
CHIPOTLE MEXICAN GRILL |
2,350 | ** | 1,127,648 | |||||||||||
DANAHER CORP |
80,400 | ** | 7,467,551 | |||||||||||
ROYAL CARIBBEAN CRUISES |
15,200 | ** | 1,538,392 | |||||||||||
FACEBOOK INC A |
57,799 | ** | 6,049,243 | |||||||||||
FEDEX CORP |
12,900 | ** | 1,921,971 | |||||||||||
FLOWSERVE CORP |
33,800 | ** | 1,422,304 | |||||||||||
GILEAD SCIENCES INC |
21,100 | ** | 2,135,109 | |||||||||||
HANESBRANDS INC |
61,100 | ** | 1,798,173 | |||||||||||
HILTON WORLDWIDE HLDGS |
142,613 | ** | 3,051,918 | |||||||||||
HUMANA INC |
10,200 | ** | 1,820,802 | |||||||||||
DROPBOX INC |
15,913 | ** | 213,712 | |||||||||||
ILLUMINA INC |
2,300 | ** | 441,474 | |||||||||||
INCYTE CORP |
11,300 | ** | 1,225,485 | |||||||||||
INTERCONTINENTAL EXCHANGE |
11,820 | ** | 3,028,993 | |||||||||||
INTUITIVE SURGICAL INC |
7,942 | ** | 4,337,603 | |||||||||||
JUNIPER NETWORKS INC |
35,500 | ** | 979,800 | |||||||||||
LILLY (ELI) & CO |
26,700 | ** | 2,249,742 | |||||||||||
LINKEDIN CORP CL A |
9,800 | ** | 2,205,784 | |||||||||||
LOWES COS INC |
42,900 | ** | 3,262,116 | |||||||||||
MGM RESORTS INTERNATIONAL |
134,805 | ** | 3,062,770 | |||||||||||
MCKESSON CORP |
6,200 | ** | 1,222,826 | |||||||||||
MICROSOFT CORP |
87,700 | ** | 4,865,596 | |||||||||||
MORGAN STANLEY |
160,642 | ** | 5,110,015 |
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)
December 31, 2015
(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 |
||||||||||||
NETFLIX INC |
3,500 | ** | 400,330 | |||||||||||||
NETSUITE INC |
17,600 | ** | 1,489,312 | |||||||||||||
NIKE INC CL B |
21,400 | ** | 1,337,500 | |||||||||||||
AIRBNB INC |
6,435 | ** | 599,062 | |||||||||||||
AIRBNB INC SER E PC PP |
2,935 | ** | 273,232 | |||||||||||||
UBER TECHNOLOGIES INC |
10,648 | ** | 519,327 | |||||||||||||
UBER TECH SER G PP |
6,243 | ** | 304,485 | |||||||||||||
PALO ALTO NETWORKS INC |
6,800 | ** | 1,197,752 | |||||||||||||
PAYPAL HLDGS INC |
36,200 | ** | 1,310,440 | |||||||||||||
FLIPKART LTD SER G PC PP |
2,913 | ** | 302,865 | |||||||||||||
PRICELINE GROUP INC |
6,380 | ** | 8,134,181 | |||||||||||||
RED HAT INC |
17,100 | ** | 1,416,051 | |||||||||||||
REGENERON PHARMACEUTICALS |
3,200 | ** | 1,737,184 | |||||||||||||
SALESFORCE.COM INC |
34,000 | ** | 2,665,600 | |||||||||||||
SERVICENOW INC |
22,300 | ** | 1,930,288 | |||||||||||||
STARBUCKS CORP |
26,000 | ** | 1,560,780 | |||||||||||||
* | STATE STREET CORP |
33,300 | ** | 2,209,788 | ||||||||||||
TD AMERITRADE HLDGS CORP |
43,200 | ** | 1,499,472 | |||||||||||||
T-MOBILE US INC |
39,600 | ** | 1,549,152 | |||||||||||||
TENCENT HLDGS LTD UNS ADR |
87,600 | ** | 1,718,712 | |||||||||||||
TESLA MOTORS INC |
8,720 | ** | 2,092,887 | |||||||||||||
TEXTRON INC |
55,500 | ** | 2,331,555 | |||||||||||||
TRACTOR SUPPLY CO. |
25,300 | ** | 2,163,150 | |||||||||||||
UNITEDHEALTH GROUP INC |
33,300 | ** | 3,917,412 | |||||||||||||
VERTEX PHARMACEUTICALS |
16,800 | ** | 2,113,944 | |||||||||||||
VISA INC CL A |
108,000 | ** | 8,375,400 | |||||||||||||
VULCAN MATERIALS CO |
33,500 | ** | 3,181,495 | |||||||||||||
WESTINGHOUSE AIR BRAKE TECHNOLOGY CORP |
21,300 | ** | 1,514,856 | |||||||||||||
WORKDAY INC CL A |
10,500 | ** | 836,640 | |||||||||||||
VODAFONE GROUP PLC |
59,823 | ** | 194,902 | |||||||||||||
PENTAIR PLC |
11,900 | ** | 589,407 | |||||||||||||
TYCO INTERNATIONAL PLC |
15,600 | ** | 497,484 | |||||||||||||
TOTAL SA (FRAN) |
6,113 | ** | 274,136 | |||||||||||||
WILLIS GROUP HOLDINGS PLC |
3,600 | ** | 174,852 | |||||||||||||
XL GROUP PLC |
5,700 | ** | 223,326 | |||||||||||||
TE CONNECTIVITY LTD |
2,500 | ** | 161,525 | |||||||||||||
ROYAL BANK OF SCOTLAND GR |
112,278 | ** | 499,871 | |||||||||||||
EATON CORP PLC |
420 | ** | 21,857 | |||||||||||||
AES CORP |
63,800 | ** | 610,566 | |||||||||||||
AT&T INC |
6,300 | ** | 216,783 | |||||||||||||
AMERICAN EXPRESS CO |
13,300 | ** | 925,015 | |||||||||||||
AMERIPRISE FINANCIAL INC |
5,800 | ** | 617,236 | |||||||||||||
ANADARKO PETROLEUM CORP |
6,900 | ** | 335,202 | |||||||||||||
ANALOG DEVICES INC |
10,100 | ** | 558,732 | |||||||||||||
ANTHEM INC |
5,638 | ** | 786,163 | |||||||||||||
APACHE CORP |
24,700 | ** | 1,098,409 | |||||||||||||
APPLIED MATERIALS INC |
50,500 | ** | 942,835 | |||||||||||||
ARCHER DANIELS MIDLAND CO |
21,100 | ** | 773,948 |
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)
December 31, 2015
(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 |
||||||||||||
AVON PRODUCTS INC |
35,400 | ** | 143,370 | |||||||||||||
BANK OF AMERICA CORPORATION |
77,400 | ** | 1,302,642 | |||||||||||||
BANK OF NEW YORK MELLON |
15,900 | ** | 655,398 | |||||||||||||
BECTON DICKINSON & CO |
1,200 | ** | 184,908 | |||||||||||||
GLAXOSMITHKLINE PLC |
25,853 | ** | 523,285 | |||||||||||||
BOEING CO |
10,400 | ** | 1,503,736 | |||||||||||||
BRISTOL-MYERS SQUIBB CO |
14,900 | ** | 1,024,971 | |||||||||||||
CA INC |
11,700 | ** | 334,152 | |||||||||||||
CANADIAN NATL RES (USD) |
25,500 | ** | 556,665 | |||||||||||||
CANADIAN PAC RAILWAY |
1,500 | ** | 191,400 | |||||||||||||
CARNIVAL CORP |
12,700 | ** | 691,896 | |||||||||||||
CENTURYLINK INC |
13,682 | ** | 344,239 | |||||||||||||
CHEVRON CORP |
11,500 | ** | 1,034,540 | |||||||||||||
CHUBB CORP |
4,000 | ** | 530,560 | |||||||||||||
CISCO SYSTEMS INC |
32,000 | ** | 868,960 | |||||||||||||
CITIGROUP INC |
16,700 | ** | 864,225 | |||||||||||||
COMCAST CORP CL A |
10,500 | ** | 592,515 | |||||||||||||
CUMMINS INC |
2,500 | ** | 220,025 | |||||||||||||
DEERE & CO |
8,600 | ** | 655,922 | |||||||||||||
DIGITAL REALTY TRUST INC |
5,400 | ** | 408,348 | |||||||||||||
DISNEY (WALT) CO |
4,500 | ** | 472,860 | |||||||||||||
DUPONT (EI) DE NEMOURS & COMPANY |
15,700 | ** | 1,045,620 | |||||||||||||
DUKE ENERGY CORP |
5,650 | ** | 403,354 | |||||||||||||
EMC CORP |
22,000 | ** | 564,960 | |||||||||||||
EDISON INTL |
8,800 | ** | 521,048 | |||||||||||||
EMERSON ELECTRIC CO |
17,600 | ** | 841,808 | |||||||||||||
ENTERGY CORP |
12,900 | ** | 881,844 | |||||||||||||
EXELON CORP |
6,600 | ** | 183,282 | |||||||||||||
EXXON MOBIL CORP |
22,300 | ** | 1,738,285 | |||||||||||||
FIFTH THIRD BANCORP |
21,000 | ** | 422,100 | |||||||||||||
FIRSTENERGY CORP |
27,500 | ** | 872,575 | |||||||||||||
FORD MOTOR CO |
8,500 | ** | 119,765 | |||||||||||||
GENERAL ELECTRIC CO |
86,612 | ** | 2,697,960 | |||||||||||||
GENERAL MOTORS CO |
15,973 | ** | 543,242 | |||||||||||||
GENUINE PARTS CO |
300 | ** | 25,767 | |||||||||||||
GILEAD SCIENCES INC |
4,100 | ** | 414,879 | |||||||||||||
HARRIS CORP |
10,500 | ** | 912,450 | |||||||||||||
HESS CORP |
16,600 | ** | 804,768 | |||||||||||||
ILLINOIS TOOL WORKS INC |
9,200 | ** | 852,656 | |||||||||||||
INTL BUS MACH CORP |
600 | ** | 82,572 | |||||||||||||
INTERNATIONAL PAPER CO |
21,600 | ** | 814,320 | |||||||||||||
* | JPMORGAN CHASE & CO |
38,100 | ** | 2,515,743 | ||||||||||||
JOHNSON & JOHNSON |
15,400 | ** | 1,581,888 | |||||||||||||
JOHNSON CONTROLS INC |
14,500 | ** | 572,605 | |||||||||||||
KELLOGG CO |
5,700 | ** | 411,939 | |||||||||||||
KOHLS CORP |
15,200 | ** | 723,976 | |||||||||||||
LAS VEGAS SANDS CORP |
12,600 | ** | 552,384 | |||||||||||||
LOEWS CORP |
24,200 | ** | 929,280 |
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)
December 31, 2015
(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 |
||||||||||||
MACERICH COMPANY |
1,100 | ** | 88,759 | |||||||||||||
MACYS INC |
11,500 | ** | 402,270 | |||||||||||||
MARSH & MCLENNAN COS INC |
17,900 | ** | 992,555 | |||||||||||||
TELEFONICA SA |
30,802 | ** | 342,607 | |||||||||||||
MATTEL INC |
37,400 | ** | 1,016,158 | |||||||||||||
MCCORMICK & CO NON-VTG |
1,700 | ** | 145,452 | |||||||||||||
MERCK & CO INC NEW |
18,500 | ** | 977,170 | |||||||||||||
METLIFE INC |
25,000 | ** | 1,205,250 | |||||||||||||
MICROSOFT CORP |
30,700 | ** | 1,703,236 | |||||||||||||
MORGAN STANLEY |
32,300 | ** | 1,027,463 | |||||||||||||
NEWS CORP NEW CL A |
28,000 | ** | 374,080 | |||||||||||||
NISOURCE INC |
36,400 | ** | 710,164 | |||||||||||||
NORTHERN TRUST CORP |
14,200 | ** | 1,023,678 | |||||||||||||
NUCOR CORP |
17,400 | ** | 701,220 | |||||||||||||
OCCIDENTAL PETROLEUM CORP |
8,500 | ** | 574,685 | |||||||||||||
OCH-ZIFF CAPITAL MNGMT GR |
21,100 | ** | 131,453 | |||||||||||||
PG&E CORP |
13,200 | ** | 702,108 | |||||||||||||
PNC FIN SVCS GRP INC |
6,300 | ** | 600,453 | |||||||||||||
PEPSICO INC |
7,500 | ** | 749,400 | |||||||||||||
PFIZER INC |
48,000 | ** | 1,549,439 | |||||||||||||
QUALCOMM INC |
17,200 | ** | 859,742 | |||||||||||||
RAYONIER INC REIT |
16,000 | ** | 355,200 | |||||||||||||
ROYAL DUTCH SHELL SP CL A |
22,100 | ** | 1,011,959 | |||||||||||||
SOUTHWEST AIRLINES CO |
4,200 | ** | 180,852 | |||||||||||||
STAPLES INC |
18,400 | ** | 174,248 | |||||||||||||
* | STATE STREET CORP |
11,600 | ** | 769,776 | ||||||||||||
SUN LIFE FINL SVCS CDA |
10,700 | ** | 333,840 | |||||||||||||
TEXAS INSTRUMENTS INC |
13,600 | ** | 745,416 | |||||||||||||
TIME WARNER INC |
2,400 | ** | 155,208 | |||||||||||||
TWENTY FIRST CENTURY FOX |
18,800 | ** | 510,608 | |||||||||||||
TWENTY FIRST CENTURY CL B |
13,400 | ** | 364,882 | |||||||||||||
US BANCORP DEL |
9,000 | ** | 384,030 | |||||||||||||
UNION PACIFIC CORP |
4,900 | ** | 383,180 | |||||||||||||
UNITED PARCEL SVCS CL B |
8,100 | ** | 779,463 | |||||||||||||
UNITED TECHNOLOGIES CORP |
1,600 | ** | 153,712 | |||||||||||||
VERIZON COMM INC |
25,319 | ** | 1,170,244 | |||||||||||||
VIACOM INC CL B |
2,900 | ** | 119,364 | |||||||||||||
VULCAN MATERIALS CO |
7,200 | ** | 683,784 | |||||||||||||
WAL MART STORES INC |
9,200 | ** | 563,960 | |||||||||||||
WELLS FARGO & CO |
17,600 | ** | 956,736 | |||||||||||||
WESTERN DIGITAL CORP |
2,800 | ** | 168,140 | |||||||||||||
WESTROCK CO |
2,488 | ** | 113,503 | |||||||||||||
WEYERHAEUSER CO |
21,300 | ** | 638,574 | |||||||||||||
XCEL ENERGY INC |
22,100 | ** | 793,611 | |||||||||||||
COLUMBIA PIPELINE GROUP |
26,400 | ** | 528,000 | |||||||||||||
LOGITECH INTL SA REG |
192,770 | ** | 2,963,916 | |||||||||||||
ABIOMED INC |
40,401 | ** | 3,647,402 | |||||||||||||
AFFILIATED MANAGERS GRP |
14,446 | ** | 2,307,893 |
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)
December 31, 2015
(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 |
||||||||||||
ARISTA NETWORKS INC |
21,051 | ** | 1,638,610 | |||||||||||||
ATHENAHEALTH INC |
13,375 | ** | 2,152,974 | |||||||||||||
BIO TECHNE CORP |
44,483 | ** | 4,003,469 | |||||||||||||
BLACKBAUD INC |
72,065 | ** | 4,746,201 | |||||||||||||
CORE LABORATORIES NV |
27,332 | ** | 2,972,082 | |||||||||||||
DINEEQUITY INC |
44,625 | ** | 3,778,399 | |||||||||||||
DUNKIN BRANDS GROUP INC |
76,635 | ** | 3,263,885 | |||||||||||||
ELLIE MAE INC |
18,798 | ** | 1,132,204 | |||||||||||||
EQUITY COMMONWEALTH |
154,399 | ** | 4,281,484 | |||||||||||||
EXPEDITORS INTL OF WASHINGTON INC |
72,691 | ** | 3,278,364 | |||||||||||||
GRACO INC |
60,429 | ** | 4,355,118 | |||||||||||||
HEARTLAND PAYMENT SYS INC |
36,123 | ** | 3,425,183 | |||||||||||||
J2 GLOBAL INC |
56,995 | ** | 4,691,828 | |||||||||||||
LENDINGCLUB CORP |
149,839 | ** | 1,655,721 | |||||||||||||
LIBERTY TRIPADVISOR HOLDG |
45,970 | ** | 1,394,730 | |||||||||||||
MSCI INC |
57,127 | ** | 4,120,571 | |||||||||||||
NIC INC |
114,048 | ** | 2,244,465 | |||||||||||||
OUTFRONT MEDIA INC |
139,550 | ** | 3,046,377 | |||||||||||||
PANDORA MEDIA INC |
121,538 | ** | 1,629,825 | |||||||||||||
QUOTIENT TECHNOLOGY INC |
102,764 | ** | 700,850 | |||||||||||||
SALLY BEAUTY HLDGS INC |
175,450 | ** | 4,893,305 | |||||||||||||
SHUTTERSTOCK INC |
49,301 | ** | 1,594,394 | |||||||||||||
VERIFONE SYSTEMS INC |
127,216 | ** | 3,564,592 | |||||||||||||
WISDOMTREE INVESTMENTS |
47,553 | ** | 745,631 | |||||||||||||
YELP INC |
25,030 | ** | 720,864 | |||||||||||||
ZEBRA TECH CORP CL A |
62,789 | ** | 4,373,254 | |||||||||||||
* | NextEra Energy (NextEra Energy, Inc. Stock Fund) |
3,837,635 | 144,703,100 | 398,691,869 | ||||||||||||
* | NextEra Energy (NextEra Energy, Inc. Stock Leveraged ESOP Fund) |
8,321,729 | 125,864,508 | 864,544,426 | ||||||||||||
* | NextEra Energy (NextEra Energy, Inc. Stock Leveraged ESOP Fund - Unallocated) |
101,412 | 1,470,474 | 10,535,693 | ||||||||||||
|
|
|
|
|||||||||||||
Total Common Stock |
$ | 272,038,082 | $ | 1,629,954,856 | ||||||||||||
|
|
|
|
|||||||||||||
Collective Trust Funds: |
||||||||||||||||
* | PIMCO Diversified Real Asset Trust |
847,972 | ** | 10,548,775 | ||||||||||||
* | BTC Russell 3000 M |
5,520,486 | ** | 58,639,702 | ||||||||||||
* | BTC US Debt Index W |
2,192,133 | ** | 44,591,611 | ||||||||||||
* | BTC MSCI ACWI EX US IMI M |
2,669,771 | ** | 28,100,939 | ||||||||||||
* | BTC Equity Index T |
1,932,520 | ** | 149,896,529 | ||||||||||||
* | Cohen & Steers US Realty Shares |
6,526,677 | ** | 75,187,323 | ||||||||||||
* | Fidelity Low-priced Stock Pool |
7,895,711 | ** | 85,273,677 | ||||||||||||
* | Loomis Sayles Core Plus Fixed Income Trust Class D |
5,297,716 | ** | 68,446,496 | ||||||||||||
* | Fisher Investments Emerging Markets Equity Collective Trust |
421,793 | ** | 3,947,982 | ||||||||||||
* | Clearbridge Value Equity CIF R1 |
4,601,861 | ** | 74,089,956 | ||||||||||||
* | Royce PC Trust R IS |
9,488,484 | ** | 81,316,308 | ||||||||||||
* | Vanguard Target Retirement |
790,020 | ** | 35,432,378 | ||||||||||||
* | Vanguard Target 2015 |
2,530,235 | ** | 109,559,184 | ||||||||||||
* | Vanguard Target 2025 |
4,163,646 | ** | 178,079,151 | ||||||||||||
* | Vanguard Target 2035 |
4,036,798 | ** | 171,563,933 | ||||||||||||
* | Vanguard Target 2045 |
1,601,115 | ** | 68,767,885 |
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)
December 31, 2015
(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 |
||||||||||||
* | Vanguard Target 2055 |
187,598 | ** | 9,878,895 | ||||||||||||
* | SSBK Government STIF Fund (US Large Cap Growth Fund) |
3,247,094 | ** | 3,247,094 | ||||||||||||
* | SSBK Government STIF Fund (Equity Income TRP Fund) |
1,093,905 | ** | 1,093,905 | ||||||||||||
* | SSBK STIF Fund (Small Mid Cap Growth Fund) |
4,136,414 | ** | 4,136,414 | ||||||||||||
* | SSBK Government STIF Fund (Managed Income Fund) |
3,041,804 | ** | 3,041,804 | ||||||||||||
|
|
|
|
|||||||||||||
Total Collective Trust Funds |
| $ | 1,264,839,941 | |||||||||||||
|
|
|
|
|||||||||||||
Registered Investment Companies - Mutual Funds: |
||||||||||||||||
* | JPMorgan US Government Money Market Fund |
79,886,128 | ** | 79,886,128 | ||||||||||||
* | Eaton Vance Floating-Rate & High Income Fund Class I |
1,310,841 | ** | 10,840,656 | ||||||||||||
* | Vanguard Prime Cap Core Fund |
3,815,031 | ** | 79,428,954 | ||||||||||||
* | American Funds EuroPacific Growth Fund Class R6 |
1,847,866 | ** | 83,745,280 | ||||||||||||
* | Fidelity Institutional Cash Portfolio (NextEra Energy, Inc. Stock Fund) |
2,158,722 | ** | 2,158,722 | ||||||||||||
* | Fidelity Institutional Cash Portfolio (NextEra Energy, Inc. Stock Leveraged ESOP Fund) |
7,388,939 | ** | 7,388,939 | ||||||||||||
* | Fidelity Institutional Cash Portfolio (Managed Income Fund) |
3,101,673 | ** | 3,101,673 | ||||||||||||
|
|
|
|
|||||||||||||
Total Registered Investment Companies |
| $ | 266,550,352 | |||||||||||||
|
|
|
|
|||||||||||||
U.S. Treasury Notes: |
||||||||||||||||
USTN 1.5% 01/31/19 |
5,355,000 | ** | 5,408,299 | |||||||||||||
USTN 1.625% 04/30/19 |
4,861,000 | ** | 4,903,640 | |||||||||||||
USTN 0.875% 10/15/17 |
12,714,000 | ** | 12,700,418 | |||||||||||||
USTN 1.375% 03/31/20 |
41,217,000 | ** | 40,862,784 | |||||||||||||
USTN 0.875% 11/30/17 |
4,154,000 | ** | 4,145,555 | |||||||||||||
USTN 1.25% 12/15/18 |
15,924,000 | ** | 15,901,812 | |||||||||||||
USTN 1.375% 2/28/19 |
8,070,000 | ** | 8,103,356 | |||||||||||||
USTN .875% 4/30/17 |
16,699,000 | ** | 16,717,442 | |||||||||||||
USTN .750% 6/30/17 |
11,264,000 | ** | 11,229,471 | |||||||||||||
UST NOTE .875% 1/31/18 |
11,434,000 | ** | 11,419,795 | |||||||||||||
UST NOTES 1.625% 06/30/2019 |
14,849,000 | ** | 14,919,201 | |||||||||||||
USTN 1% 05/15/18 |
4,946,000 | ** | 4,928,388 | |||||||||||||
UST NOTES 1.625% 07/31/20 |
6,684,000 | ** | 6,699,228 | |||||||||||||
|
|
|
|
|||||||||||||
Total U.S. Treasury Notes |
| $ | 157,939,389 | |||||||||||||
|
|
|
|
|||||||||||||
Government Agency Notes: |
||||||||||||||||
FHLB 0.875% 05/24/17 |
1,140,000 | ** | 1,139,477 | |||||||||||||
FNMA 1.5% 06/22/20 |
1,556,000 | ** | 1,537,827 | |||||||||||||
FNMA 1.125% 07/20/18 |
601,000 | ** | 601,642 | |||||||||||||
FNMA 1.5% 11/30/20 |
3,658,000 | ** | 3,599,321 | |||||||||||||
FNMA 1.125% 12/14/18 |
2,808,000 | ** | 2,788,246 | |||||||||||||
FNMA 1.875% 12/28/20 |
4,403,000 | ** | 4,403,425 | |||||||||||||
FNMA 1.875% 09/18/18 |
3,699,000 | ** | 3,771,373 | |||||||||||||
|
|
|
|
|||||||||||||
Total Government Agency Notes |
| $ | 17,841,311 | |||||||||||||
|
|
|
|
|||||||||||||
Mortgage Backed Securities: | ||||||||||||||||
BACM 2006-2 A4 CSTR 5/45 | 59,656 | ** | 60,033 | |||||||||||||
BACM 2006-4 A4 5.634% 07/46 | 315,940 | ** | 319,989 | |||||||||||||
BACM 2006-4 A1A CSTR 7/46 | 588,063 | ** | 595,956 |
20
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan #002
Schedule H Line 4i - Schedule of Assets (Held at end of year)
December 31, 2015
(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 |
||||||||||||
BSCMS 2006-T22 A1A CSTR 4/38 | 332,608 | ** | 335,115 | |||||||||||||
BSCMS 2006-PW12 A1A CSTR 9/38 | 365,451 | ** | 368,632 | |||||||||||||
BSCMS 2006-PW13 A1A 5.533 9/41 | 523,878 | ** | 533,617 | |||||||||||||
BSCMS 2006-PW14 A1A 5.189 | 214,067 | ** | 219,597 | |||||||||||||
CD 2007-CD5 A1A 5.8% 11/44 | 543,635 | ** | 574,469 | |||||||||||||
COMM 2015-CR22 A2 2.856% 03/48 | 214,000 | ** | 217,216 | |||||||||||||
COMM 2012-CR5 A1 0.673% 12/45 | 83,639 | ** | 83,209 | |||||||||||||
COMM 2012-CR1 A2 2.35% 5/45 | 253,009 | ** | 255,099 | |||||||||||||
COMM 2012-CR2 A1 .824% 08/45 | 19,079 | ** | 19,065 | |||||||||||||
COMM 2012-CR3 ASB 2.372% 11/45 | 291,000 | ** | 289,140 | |||||||||||||
COMM 2013-CR9 A1 1.3440% 7/45 | 75,141 | ** | 74,970 | |||||||||||||
COMM 2014-CR17 A2 3.012% 05/47 | 490,000 | ** | 501,018 | |||||||||||||
COMM 2014-CR18 A2 2.924% 07/47 | 380,000 | ** | 387,132 | |||||||||||||
CD 2006-CD3 A5 5.617% 10/48 | 55,788 | ** | 56,597 | |||||||||||||
CGCMT 2006-C4 A1A CSTR 03/49 | 176,474 | ** | 178,086 | |||||||||||||
CGCMT 2006-C5 A4 5.431 10/49 | 399,991 | ** | 407,157 | |||||||||||||
CGCMT 2006-C5 A1A 5.425 10/49 | 781,965 | ** | 801,305 | |||||||||||||
CGCMT 13-GC11 A1 0.672% 12/17 | 141,147 | ** | 140,027 | |||||||||||||
CWCI 2007-C2 A3 5.484% 04/47 | 332,697 | ** | 343,457 | |||||||||||||
COMM 06-C8 A4 5.306% 12/46 | 717,315 | ** | 733,266 | |||||||||||||
COMM 2006-C8 A1A 5.292 12/46 | 555,306 | ** | 570,434 | |||||||||||||
COMM 2006-C7 A4 CSTR 6/46 | 420,324 | ** | 425,875 | |||||||||||||
COMM 2006-C7 A1A CSTR 6/46 | 480,540 | ** | 486,514 | |||||||||||||
COMM 2013-LC6 A1 .7240% 1/46 | 110,907 | ** | 110,061 | |||||||||||||
FHR 2382 MB 6% 11/16 | 5,156 | ** | 5,275 | |||||||||||||
FNR 2013-16 GP 3% 03/33 | 587,171 | ** | 606,043 | |||||||||||||
FNR 2014-83 P 3% 06/43 | 718,838 | ** | 742,983 | |||||||||||||
FNR 2015-32 PA 3% 4/44 | 570,482 | ** | 587,396 | |||||||||||||
FNR 2015-28 P 2.5% 5/45 | 1,687,702 | ** | 1,700,463 | |||||||||||||
FNR 2015-28 JE 3% 05/45 | 1,538,846 | ** | 1,578,954 | |||||||||||||
FNR 2015-42 LE 3% 06/45 | 1,067,157 | ** | 1,087,842 | |||||||||||||
FNR 2015-49 LE 3% 07/45 | 771,725 | ** | 790,554 | |||||||||||||
FNR 2015-54 LE 2.5% 07/45 | 928,570 | ** | 938,117 | |||||||||||||
FHR 4046 LA 3% 11/2026 | 491,546 | ** | 506,193 | |||||||||||||
FHR 3820 DA 4% 11/35 | 189,381 | ** | 198,197 | |||||||||||||
FHR 2015-4472 WL 3% 05/45 | 739,552 | ** | 758,028 | |||||||||||||
FHR SER 4221 CLS GA 1.4% 7/23 | 607,069 | ** | 600,117 | |||||||||||||
FHR 3741 HD 3% 11/15/39 | 177,915 | ** | 182,008 | |||||||||||||
FHR 2010-3645 KP 5% 02/40 | 378,595 | ** | 418,212 | |||||||||||||
GSMS 2013-GC10 A1 .696% 2/46 | 1,818 | ** | 1,819 | |||||||||||||
GSMS 2013-GC10 A2 1.84% 2/46 | 160,000 | ** | 160,265 | |||||||||||||
GSMS 2013-GC12 A1 VAR 06/46 | 147,265 | ** | 145,830 | |||||||||||||
GSMS 2006-GG8 A4 5.56% 11/39 | 671,113 | ** | 673,069 | |||||||||||||
GSMS 2006-GG8 A1A 5.547 11/39 | 321,597 | ** | 327,866 | |||||||||||||
GECMC 2006-C1 A1A CSTR 3/44 | 118,951 | ** | 119,449 | |||||||||||||
GNR 13-41 PA 2.5% 04/40 | 357,906 | ** | 365,119 | |||||||||||||
* | JPMCC 2015-JP1 A2 3.1438% 1/49 | 351,000 | ** | 360,931 | ||||||||||||
* | JPMCC 2006-LDP7 A4 CSTR 04/45 | 369,755 | ** | 372,760 |
21
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan #002
Schedule H Line 4i - Schedule of Assets (Held at end of year)
December 31, 2015
(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 |
||||||||||||
* | JPMCC 2006-LDP7 A1A CSTR 4/45 | 653,618 | ** | 663,213 | ||||||||||||
* | JPMCC 2006-CB16 A4 5.552% 5/45 | 81,572 | ** | 82,907 | ||||||||||||
* | JPMCC 2006-CB16 A1A 5.546 5/45 | 880,282 | ** | 894,899 | ||||||||||||
* | JPMCC 2013-C10 .7302% 12/15/47 | 90,199 | ** | 89,560 | ||||||||||||
* | JPMBB 15-C29 A2 2.8596% 05/48 | 310,000 | ** | 315,358 | ||||||||||||
LBUBS 2006-C6 A4 5.372% 9/39 | 376,795 | ** | 383,377 | |||||||||||||
LBUBS 2006-C6 A1A CSTR 9/39 | 577,510 | ** | 588,730 | |||||||||||||
LBUBS 2007-C7 A3 5.886% 9/45 | 273,247 | ** | 287,652 | |||||||||||||
MLMT 2006-C2 A1A CSTR 8/43 | 511,009 | ** | 519,047 | |||||||||||||
MLCFC 2006-3 A4 CSTR 7/46 | 1,209,983 | ** | 1,231,793 | |||||||||||||
MSBAM 2014-C14 A2 2.916% 1/47 | 566,000 | ** | 577,945 | |||||||||||||
MSC 2006-IQ11 A1A CSTR 10/42 | 407,475 | ** | 410,597 | |||||||||||||
MSC 2006-HQ9 A4 CSTR 7/44 | 319,346 | ** | 322,823 | |||||||||||||
MSC 2007-IQ13 A1A 5.312% 3/44 | 191,847 | ** | 198,389 | |||||||||||||
MSC 2007-T27 A1A CSTR 6/42 | 664,315 | ** | 696,876 | |||||||||||||
UBSBB 2012-C2 A1 1.006% 5/63 | 125,727 | ** | 125,447 | |||||||||||||
UBSCM 2012-C1 A2 2.180% 5/45 | 233,851 | ** | 235,275 | |||||||||||||
UBSBB 2012-C4 A1 .6728 12/45 | 106,748 | ** | 106,114 | |||||||||||||
UBSBB 2013-C6 A1 0.8022% 4/46 | 125,507 | ** | 124,448 | |||||||||||||
WFRBS 13-C14 A1 .836% 6/15/46 | 97,483 | ** | 96,673 | |||||||||||||
WFRBS 2013-C14 A2 2.133% 6/46 | 150,000 | ** | 150,264 | |||||||||||||
WFRBS 2011-C5 A1 1.456 11/44 | 13,210 | ** | 13,222 | |||||||||||||
WFRBS 2012-C8 A1 .864% 8/45 | 102,874 | ** | 102,538 | |||||||||||||
WFRBS 2012-C8 A2 1.881% 8/45 | 360,000 | ** | 360,464 | |||||||||||||
WFRBS 2013-C11 A1 .799% 03/45 | 68,119 | ** | 67,717 | |||||||||||||
WBCMT 2006-C24 A1A CSTR 3/45 | 153,129 | ** | 153,654 | |||||||||||||
WBCMT 2006-C25 A5 CSTR 5/43 | 180,000 | ** | 181,822 | |||||||||||||
WBCMT 2006-C25 A1A CSTR 5/43 | 417,804 | ** | 423,211 | |||||||||||||
WBCMT 2006-C27 A3 CSTR 7/45 | 177,017 | ** | 177,647 | |||||||||||||
WBCMT 2006-C26 A1A CSTR 6/45 | 529,782 | ** | 536,301 | |||||||||||||
WBCMT 2006-C29 A4 5.308% 11/48 | 147,398 | ** | 150,063 | |||||||||||||
WBCMT 2006-C29 A1A 5.297 11/48 | 807,165 | ** | 828,599 | |||||||||||||
WFCM 2012-LC5 ASB 2.528% 10/45 | 265,000 | ** | 264,533 | |||||||||||||
WFCM 2013-LC12 A1 1.676% 7/46 | 487,340 | ** | 486,000 | |||||||||||||
FHLG 15YR 4.50% 8/18 #E98688 | 57,025 | ** | 59,261 | |||||||||||||
FHLG 15YR 4.50% 9/18 #E99205 | 22,238 | ** | 23,131 | |||||||||||||
FHLG 15YR 4.50% 10/18 #E99833 | 30,761 | ** | 31,997 | |||||||||||||
FHLM ARM 3.53% 4/40 #1B4657 | 48,383 | ** | 51,324 | |||||||||||||
FHLM ARM 3.58% 4/40 #1B4702 | 46,048 | ** | 48,904 | |||||||||||||
FHLG 7.50% 7/34 #G02115 | 148,293 | ** | 176,097 | |||||||||||||
FHLG 15YR 5.00% 3/19 #G13052 | 81,750 | ** | 85,268 | |||||||||||||
FHLG 15YR 5.00% 4/20 #G13598 | 116,215 | ** | 121,320 | |||||||||||||
FHLG 15YR 3.5% 08/30 #G15273 | 749,061 | ** | 787,998 | |||||||||||||
FHLG 25YR 5.50% 7/35 #G05815 | 67,338 | ** | 75,739 | |||||||||||||
FHLM ARM 4.941% 11/35 #1J1228 | 56,561 | ** | 59,555 | |||||||||||||
FHLG 10YR 3.00% 8/21 #J16393 | 127,886 | ** | 132,413 | |||||||||||||
FHLG 10YR 3.00% 8/21 #J16442 | 115,494 | ** | 119,643 | |||||||||||||
FHLM ARM 3.717% 05/41 #1B8124 | 37,814 | ** | 40,021 |
22
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan #002
Schedule H Line 4i - Schedule of Assets (Held at end of year)
December 31, 2015
(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 |
||||||||||
FHLM ARM 3.224% 4/41 #1B8179 | 32,502 | ** | 33,974 | |||||||||||
FHLM ARM 3.464% 5/1/41 #1B8304 | 27,161 | ** | 28,294 | |||||||||||
FHLM ARM 3.627% 6/1/41 #1B8372 | 45,722 | ** | 48,294 | |||||||||||
FHLM ARM 3.283 6/1/41 | 38,523 | ** | 40,560 | |||||||||||
FHLM ARM 2.98% 8/41 #1B8533 | 94,918 | ** | 100,968 | |||||||||||
FHLM ARM 3.07% 9/41 #1B8608 | 61,756 | ** | 64,530 | |||||||||||
FHLM ARM 3.242% 9/1/41 #1B8659 | 28,937 | ** | 30,259 | |||||||||||
FHLG 5.50% 3/34 #G01665 | 96,520 | ** | 108,468 | |||||||||||
FHLG 15YR 5.50% 4/18 #G11389 | 16,810 | ** | 17,414 | |||||||||||
FHLG 15YR 4.00% 9/25 #E02787 | 191,601 | ** | 205,650 | |||||||||||
FHLG 15YR 4.00% 4/26 #E02867 | 96,934 | ** | 103,587 | |||||||||||
FHLG 15YR 4.50% 11/18 #B10931 | 18,752 | ** | 19,524 | |||||||||||
FHLM ARM 4.199% 8/36 #848185 | 25,957 | ** | 27,518 | |||||||||||
FHLM AR 12M+187.9 10/42 #849255 | 233,719 | ** | 248,297 | |||||||||||
FHLG 5.50% 5/34 #Z40042 | 725,420 | ** | 815,370 | |||||||||||
FNMA 15YR 6.00% 12/17 #254547 | 523 | ** | 545 | |||||||||||
FNMA 5.50% 11/34 #310105 | 525,376 | ** | 589,711 | |||||||||||
FNMA ARM 3.228% 7/41 #AI3469 | 44,944 | ** | 47,303 | |||||||||||
FNMA ARM 3.01% 8/41 #AI4358 | 32,181 | ** | 33,829 | |||||||||||
FNMA ARM 3.545% 07/41 #AI6050 | 56,903 | ** | 59,993 | |||||||||||
FNMA ARM 3.365% 10/41 #AI6819 | 21,864 | ** | 22,844 | |||||||||||
FNMA 15YR 3.5% 07/26 #AI7819 | 57,038 | ** | 60,063 | |||||||||||
FNMA ARM 09/41 #AI9813 | 27,594 | ** | 28,822 | |||||||||||
FNMA ARM 10/41 #AJ3399 | 10,011 | ** | 10,440 | |||||||||||
FNMA ARM 2.69% 9/41 #AH5260 | 181,301 | ** | 192,811 | |||||||||||
FNMA ARM 2.57% 10/41 #AH5261 | 121,715 | ** | 129,427 | |||||||||||
FNMA 15YR 3.50% 1/26 #AL1168 | 160,004 | ** | 168,940 | |||||||||||
FNMA 15YR 3.50% 3/27 #AL1746 | 679,328 | ** | 718,329 | |||||||||||
FNMA 15YR 3.5% 10/29 #AL5851 | 217,456 | ** | 230,076 | |||||||||||
FNMA 15YR 3.5% 09/29 #AL5878 | 517,344 | ** | 547,369 | |||||||||||
FNMA ARM 06/42 #AO2244 | 43,003 | ** | 44,139 | |||||||||||
FNMA 15YR 3.5% 01/27 #AX1909 | 258,520 | ** | 272,433 | |||||||||||
FNMA 15YR 6.00% 12/16 #545375 | 698 | ** | 712 | |||||||||||
FNMA 6.50% 7/32 #545759 | 24,858 | ** | 28,810 | |||||||||||
FNMA 6.50% 7/32 #545762 | 14,520 | ** | 16,829 | |||||||||||
FNMA 15YR 7.00% 11/18 #555999 | 207 | ** | 214 | |||||||||||
FNMA ARM 4.68% 11/34 #735011 | 55,965 | ** | 58,870 | |||||||||||
FNMA 6.50% 12/32 #735415 | 14,652 | ** | 16,974 | |||||||||||
FNMA 6.50% 7/35 #745092 | 15,817 | ** | 18,383 | |||||||||||
FNMA ARM 4.53% 12/34 #802852 | 48,895 | ** | 51,990 | |||||||||||
FNMA 6.50% 8/36 #888034 | 21,085 | ** | 24,421 | |||||||||||
FNMA 6.50% 8/36 #888544 | 70,760 | ** | 82,076 | |||||||||||
FNMA ARM 4.21% 5/35 #889946 | 72,131 | ** | 76,542 | |||||||||||
FNMA ARM 4.30% 2/35 #995017 | 592,521 | ** | 624,704 | |||||||||||
FNMA ARM 4.53% 10/35 #995414 | 69,143 | ** | 73,483 | |||||||||||
FNMA ARM 4.55% 10/35 #995415 | 279,997 | ** | 295,017 | |||||||||||
FNMA ARM 4.512% 12/36 #995606 | 86,738 | ** | 91,865 | |||||||||||
FNMA ARM 2.61% 4/35 #995609 | 27,121 | ** | 28,733 |
23
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan #002
Schedule H Line 4i - Schedule of Assets (Held at end of year)
December 31, 2015
(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 |
||||||||||
FNMA ARM 4.285% 7/33 #AD0066 | 26,118 | ** | 27,737 | |||||||||||
FNMA 6.50% 12/35 #AD0723 | 84,038 | ** | 97,346 | |||||||||||
FNMA ARM 3.47% 3/40 #AD0820 | 49,153 | ** | 52,211 | |||||||||||
FNMA ARM 3.60% 3/40 #AD1555 | 62,701 | ** | 66,727 | |||||||||||
FNMA 6.50% 8/36 #AE0746 | 62,288 | ** | 72,213 | |||||||||||
FNMA ARM 11/40 #AE6806 | 23,975 | ** | 24,983 | |||||||||||
GNMA 30YR 5.5% 06/35 #783800 | 99,643 | ** | 112,509 | |||||||||||
|
|
|
|
|||||||||||
Total Mortgage Backed Securities | | $42,967,485 | ||||||||||||
|
|
|
|
|||||||||||
Asset Backed Securities: | ||||||||||||||
AMOT 2012-5 A 1.54% 9/19 | 260,000 | ** | 258,623 | |||||||||||
AMOT 2015-3 A 1.63% 05/20 | 620,000 | ** | 614,550 | |||||||||||
ALLYL 2014-SN1 A3 .75% 02/17 | 345,942 | ** | 345,677 | |||||||||||
ALLYL 2015-SN1 A3 1.21% 03/17 | 148,000 | ** | 147,416 | |||||||||||
ALLYA 2015-1 A3 1.39% 09/19 | 437,000 | ** | 435,474 | |||||||||||
AMXCA 2013-3 A .98% 05/19 | 696,000 | ** | 695,684 | |||||||||||
AMXCA 2014-2 A 1.26% 01/20 | 681,000 | ** | 680,000 | |||||||||||
AMXCA 2014-3 A 1.49% 04/20 | 1,674,000 | ** | 1,675,701 | |||||||||||
BACCT 2015-A2 A 1.36% 09/20 | 786,000 | ** | 781,147 | |||||||||||
BMWLT 2014-1 A3 .73% 02/17 | 471,180 | ** | 470,818 | |||||||||||
BMWLT 2015-1 A3 1.24% 12/17 | 625,000 | ** | 624,277 | |||||||||||
COMET 2013-A3 A3 .96% 9/19 | 894,000 | ** | 893,093 | |||||||||||
COMET 2014-A2 A2 1.26% 01/20 | 690,000 | ** | 690,186 | |||||||||||
COMET 2014-A5 A 1.48% 07/20 | 1,640,000 | ** | 1,641,384 | |||||||||||
COMET 2015-A1 A 1.39% 01/21 | 620,000 | ** | 616,875 | |||||||||||
COMET 2015-A5 A5 1.59% 5/21 | 780,000 | ** | 777,919 | |||||||||||
CARMX 2013-3 A3 .97% 11/15/16 | 301,085 | ** | 300,692 | |||||||||||
CARMX 2014-3 A3 1.16% 06/19 | 411,000 | ** | 409,682 | |||||||||||
CARMX 2014-4 A3 1.25% 11/19 | 332,000 | ** | 330,698 | |||||||||||
CARMX 2015-3 A3 1.63% 06/20 | 302,000 | ** | 300,857 | |||||||||||
CARMX 2015-1 A3 1.38% 11/19 | 316,000 | ** | 314,817 | |||||||||||
CHAIT 2013-A8 A8 1.01% 10/18 | 762,000 | ** | 761,660 | |||||||||||
CHAIT 2014-A1 A 1.15% 01/19 | 1,890,000 | ** | 1,889,504 | |||||||||||
CHAIT 2014-A7 A 1.38% 11/19 | 829,000 | ** | 827,139 | |||||||||||
CHAIT 2015-A2 A 1.59% 02/20 | 950,000 | ** | 950,539 | |||||||||||
CHAIT 2015-A5 A 1.35% 04/20 | 620,000 | ** | 616,826 | |||||||||||
CHAIT 15-A7 A7 1.62% 7/20 | 835,000 | ** | 832,762 | |||||||||||
CCCIT 13-A3 A3 1.11% 7/23/18 | 610,000 | ** | 613,355 | |||||||||||
CCCIT 2013-A6 A6 1.32% 09/18 | 756,000 | ** | 760,635 | |||||||||||
CCCIT 2014-A2 A2 1.02% 02/19 | 1,032,000 | ** | 1,033,300 | |||||||||||
CCCIT 2014-A4 A4 1.23% 04/19 | 685,000 | ** | 686,314 | |||||||||||
CCCIT 2014-A6 A6 2.15% 07/21 | 662,000 | ** | 671,730 | |||||||||||
CCCIT 2014-A8 A8 1.73% 04/20 | 650,000 | ** | 654,082 | |||||||||||
DCENT 2013-A5 A5 1.04% 04/19 | 758,000 | ** | 757,969 | |||||||||||
DCENT 2014-A3 A3 1.22% 10/19 | 685,000 | ** | 684,614 | |||||||||||
DCENT 2014-A4 A4 2.12% 12/21 | 639,000 | ** | 641,787 | |||||||||||
DCENT 2014-A5 A 1.39% 04/20 | 1,305,000 | ** | 1,302,445 | |||||||||||
FORDF 2015-4 A1 1.77% 8/20 | 620,000 | ** | 620,125 |
24
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan #002
Schedule H Line 4i - Schedule of Assets (Held at end of year)
December 31, 2015
(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 |
||||||||||
FORDL 15-A A3 1.13% 6/18 | 777,000 | ** | 773,806 | |||||||||||
FORDO 2015-C A3 1.41% 02/20 | 461,000 | ** | 459,203 | |||||||||||
GMALT 2015-2 A3 1.68% 12/18 | 460,000 | ** | 457,585 | |||||||||||
GMALT 2015-1 A3 1.53% 09/18 | 538,000 | ** | 536,196 | |||||||||||
HAROT 2015-4 A3 1.23% 09/23/19 | 425,000 | ** | 421,658 | |||||||||||
HART 2015-B A3 1.12% 11/19 | 596,000 | ** | 591,711 | |||||||||||
HART 2015-C A3 1.46% 02/20 | 452,000 | ** | 450,490 | |||||||||||
MBALT 2015-A A3 1.10% 08/17 | 645,000 | ** | 644,632 | |||||||||||
NALT 2014-A A3 .80% 02/17 | 373,000 | ** | 372,796 | |||||||||||
NAROT 2015-C A3 1.37% 5/20 | 460,000 | ** | 457,099 | |||||||||||
NEF 2005-1 A5 4.74% 10/45 | 133,337 | ** | 126,321 | |||||||||||
SYNCT 2015-2 A 1.60% 4/21 | 620,000 | ** | 616,018 | |||||||||||
TAOT 2015-C A3 1.34% 6/19 | 780,000 | ** | 778,575 | |||||||||||
TAOT 2015-B A3 1.27% 05/19 | 1,000,000 | ** | 996,253 | |||||||||||
USAOT 2015-1 A3 1.2% 06/19 | 312,000 | ** | 310,720 | |||||||||||
VALET 2013-2 A3 0.7% 04/18 | 510,236 | ** | 507,909 | |||||||||||
VWALT 2014-A A3 .80% 4/20/17 | 442,093 | ** | 440,980 | |||||||||||
VALET 2014-1 A3 .91% 10/22/18 | 454,000 | ** | 450,871 | |||||||||||
VWALT 2015-A A3 1.25% 12/17 | 391,000 | ** | 387,264 | |||||||||||
WOLS 2013-A A3 1.10% 12/16 | 260,015 | ** | 260,128 | |||||||||||
WOART 2014-B A3 1.14% 1/20 | 602,000 | ** | 599,879 | |||||||||||
WOLS 2015-A A3 1.54% 10/18 | 557,000 | ** | 553,404 | |||||||||||
WOLS 2014-A A3 1.16% 09/17 | 463,000 | ** | 461,809 | |||||||||||
|
|
|
|
|||||||||||
Total Asset Backed Securities | | $38,965,663 | ||||||||||||
|
|
|
|
|||||||||||
Corporate Bonds: | ||||||||||||||
APPLE INC 1% 5/3/18 | 1,388,000 | ** | 1,379,338 | |||||||||||
APPLE INC 2.85% 5/6/21 | 510,000 | ** | 524,747 | |||||||||||
AUSTRALIA & NZ 1.875% 10/06/17 | 393,000 | ** | 395,685 | |||||||||||
AUSTRALIA & NZ 1.45% 5/15/18 | 370,000 | ** | 367,219 | |||||||||||
AUST & NZ BKG NY 2.25% 6/13/19 | 710,000 | ** | 709,565 | |||||||||||
AUSTRALIA & NZ BKG 2% 11/16/18 | 320,000 | ** | 320,198 | |||||||||||
BANK OF MONTREAL 1.8% 7/15/18 | 620,000 | ** | 623,383 | |||||||||||
BANK OF MONTREL 2.375% 1/25/19 | 400,000 | ** | 407,473 | |||||||||||
BANK OF NY MTN 2.4% 1/17/17 | 930,000 | ** | 948,975 | |||||||||||
BK OF NOVA SCOTIA 2.05% 6/5/19 | 1,000,000 | ** | 994,020 | |||||||||||
BANK NOVA SCOTIA 2.8% 07/21/21 | 500,000 | ** | 509,205 | |||||||||||
BERKSHIRE HTHWY INC 2.1% 08/19 | 1,000,000 | ** | 1,014,303 | |||||||||||
CHEVRON CORP NE 1.104% 12/5/17 | 740,000 | ** | 735,542 | |||||||||||
CHEVRON CORP NEW 1.961% 03/20 | 1,555,000 | ** | 1,542,958 | |||||||||||
CISCO SYSTEMS INC 2.125% 3/19 | 690,000 | ** | 700,823 | |||||||||||
CISCO SYSTEMS 2.45% 6/15/20 | 1,000,000 | ** | 1,010,792 | |||||||||||
COCA-COLA CO 1.15% 04/01/18 | 760,000 | ** | 760,099 | |||||||||||
COLGATE-PALMOLIVE 0.9% 5/1/18 | 483,000 | ** | 478,984 | |||||||||||
COMMONWEALTH NY 2.25% 03/13/19 | 681,000 | ** | 687,062 | |||||||||||
COMMONWEALTH BK NY 1.4% 09/17 | 320,000 | ** | 320,724 | |||||||||||
COMMONWEALTH BK NY 2.3% 9/6/19 | 650,000 | ** | 653,444 | |||||||||||
COMMWLTH BK ASTL NYB 2.3% 3/20 | 310,000 | ** | 309,143 |
25
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan #002
Schedule H Line 4i - Schedule of Assets (Held at end of year)
December 31, 2015
(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 |
||||||||||
GENERAL ELEC CO 3.375% 3/11/24 | 602,000 | ** | 629,297 | |||||||||||
HSBC USA INC 2.625% 09/24/18 | 198,000 | ** | 202,281 | |||||||||||
IBRD 1% 06/15/18 | 200,000 | ** | 198,345 | |||||||||||
MERCK & CO INC NEW 1.85% 02/20 | 1,000,000 | ** | 1,002,836 | |||||||||||
MICROSOFT CORP 1.625% 12/06/18 | 1,000,000 | ** | 1,006,624 | |||||||||||
MIDAMERICAN ENE 2.4% 03/15/19 | 750,000 | ** | 761,169 | |||||||||||
ONTARIO PROV 2% 09/27/18 | 2,340,000 | ** | 2,371,475 | |||||||||||
ORACLE CORP 2.25% 10/8/19 | 650,000 | ** | 660,391 | |||||||||||
PEPSICO INC 7.9% 11/01/18 | 335,000 | ** | 396,997 | |||||||||||
PROCTER GAMBLE MTN 4.7 2/15/19 | 151,000 | ** | 167,259 | |||||||||||
PROCTER & GAMBLE 1.6% 11/15/18 | 689,000 | ** | 695,292 | |||||||||||
PUBLIC SVC ELEC 2.3% 09/15/18 | 1,000,000 | ** | 1,017,925 | |||||||||||
PUBLIC SVC ELEC 1.8% 06/01/19 | 700,000 | ** | 693,857 | |||||||||||
ROYAL BK CAN GL 1.5% 01/14/18 | 603,000 | ** | 604,251 | |||||||||||
ROYAL BK CDA 2.2% 7/27/18 | 769,000 | ** | 782,590 | |||||||||||
ROYAL BK OF CDA 2.15% 03/15/19 | 340,000 | ** | 343,131 | |||||||||||
ROYAL BK CAN GL 1.8% 07/30/18 | 300,000 | ** | 301,370 | |||||||||||
ROYAL BK CAN GL 2.35% 10/30/20 | 1,000,000 | ** | 995,422 | |||||||||||
SAN DIEGO G&E 3% 8/15/21 | 550,000 | ** | 567,974 | |||||||||||
SHELL INTL FIN 1.125% 8/21/17 | 590,000 | ** | 588,311 | |||||||||||
SHELL INTL FIN BV 2.125% 05/20 | 468,000 | ** | 461,830 | |||||||||||
SHELL INTL 2.25% 11/10/20 | 806,000 | ** | 796,479 | |||||||||||
SOUTHERN CA GAS 1.55% 6/15/18 | 1,000,000 | ** | 997,163 | |||||||||||
SUMITOMO MITSUI BKG 1.8% 7/17 | 944,000 | ** | 951,299 | |||||||||||
SUMITOMO BKG 2.45% 1/10/19 | 430,000 | ** | 436,580 | |||||||||||
SUMITOMO BKG 2.25% 07/11/19 | 500,000 | ** | 502,076 | |||||||||||
TORONTO DOMINI 2.375% 10/19/16 | 767,000 | ** | 778,666 | |||||||||||
TORONTO DOM 1.4% 4/30/18 | 760,000 | ** | 755,582 | |||||||||||
TORONTO DOMINI 2.625% 09/10/18 | 754,000 | ** | 774,711 | |||||||||||
TORONTO DOM BK 2.125% 7/02/19 | 340,000 | ** | 343,262 | |||||||||||
TORONTO DOMINION 2.25% 11/5/19 | 490,000 | ** | 491,600 | |||||||||||
TOTAL CAP CDA L 1.45% 01/15/18 | 416,000 | ** | 416,282 | |||||||||||
TOTAL CAPITAL SA 1.5% 2/17/17 | 390,000 | ** | 392,867 | |||||||||||
TOTAL CAP INTL 1.55% 6/28/17 | 390,000 | ** | 391,064 | |||||||||||
TOTAL CAP INTL 2.125% 01/10/19 | 700,000 | ** | 708,540 | |||||||||||
TOTAL CAP INTL 2.75% 06/19/21 | 340,000 | ** | 339,042 | |||||||||||
TOYOTA MOTOR CR 2% 10/24/18 | 700,000 | ** | 706,706 | |||||||||||
TOYOTA MOTOR CRDIT 2.125% 7/19 | 500,000 | ** | 505,905 | |||||||||||
US BANK NA 1.1% 01/30/17 | 700,000 | ** | 702,240 | |||||||||||
US BANK NA CIN 2.125% 10/19 | 1,451,000 | ** | 1,455,824 | |||||||||||
USBKNA 1.35% 01/26/18 | 480,000 | ** | 481,177 | |||||||||||
WAL-MART STORES 1.125% 4/18 | 762,000 | ** | 760,781 | |||||||||||
WAL MART STORES 3.3% 04/22/24 | 342,000 | ** | 355,344 | |||||||||||
WELLS FARGO 1.5% 01/18 | 1,500,000 | ** | 1,504,184 | |||||||||||
WELLS FARGO & CO 2.15% 1/15/19 | 1,392,000 | ** | 1,413,935 | |||||||||||
WELLS FARGO 3% 01/22/21 | 635,000 | ** | 650,446 | |||||||||||
WELLS FARGO & CO MTN 2.6% 7/20 | 460,000 | ** | 464,299 | |||||||||||
WESTPAC BANKING CRP 2% 8/14/17 | 703,000 | ** | 712,774 |
26
NEXTERA ENERGY, INC. EMPLOYEE RETIREMENT SAVINGS PLAN
EIN: 59-2449419, Plan #002
Schedule H Line 4i - Schedule of Assets (Held at end of year)
December 31, 2015
(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 |
||||||||||||
WPACBKG 1.6% 1/12/18 | 402,000 | ** | 404,265 | |||||||||||||
WESTPAC BANK CORP 1.2% 5/19/17 | 680,000 | ** | 679,343 | |||||||||||||
WESTPAC BANKING 1.5% 12/01/17 | 330,000 | ** | 329,353 | |||||||||||||
VRX ESCROW 5.875 5/2 144A | 32,000 | ** | 28,560 | |||||||||||||
|
|
|
|
|||||||||||||
Total Corporate Bonds | | $50,072,658 | ||||||||||||||
|
|
|
|
|||||||||||||
Synthetic guaranteed investment contract and wrapper contracts: |
||||||||||||||||
Adjustment from fair value to contract value guaranteed investment contract |
** | (3,406,639) | ||||||||||||||
* | GIC State Street Bank and Trust Company Boston Contract # 107049 - wrapper |
** | 35,283 | |||||||||||||
GIC Monumental Life Insurance Company Contract # MDA01058TR-00 - wrapper |
** | 22,749 | ||||||||||||||
|
|
|
|
|||||||||||||
Total synthetic guaranteed investment contract and wrapper contracts: |
| $(3,348,607) | ||||||||||||||
|
|
|
|
|||||||||||||
* | Participant loans | |
3.25% Maturing 2016 - 2021 |
|
** | 71,861,913 | ||||||||||
|
|
|
|
|||||||||||||
Total investments at year end | $272,038,082 | $3,537,644,961 | ||||||||||||||
|
|
|
|
* | Party-in-interest |
** | Historical cost is disclosed only for non-participant directed investments |
27
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 20, 2016 |
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 |
28
Exhibit |
Description | |
23(a) | Consent of Crowe Horwath LLP |
29