Investor Presentation

FPL has significant investment opportunities embedded in its settlement agreement that are expected to generate customer savings and further enhance reliability FPL 2022-2025 Capital Expenditures Status Recovery Mechanism Opportunity SOBRA (2024 and 2025) SolarTogether Phase 1 extension Rate Base Solar Clean Water Recovery Center 500 kV transmission project Transmission & distribution storm hardening Twenty-four sites projected to be constructed 2024 and 2025 Twenty-four sites projected to be constructed 2022 - 2025 Projected to be constructed 2022 2025 Projected Investment (1) ~$2.7 B Solar Base Rate Adjustment ~$2.7 B Base rates w/ participant contributions as offset ~$4.8 B Base rates Expected COD 2024 ~$0.3 B Environmental recovery clause Ongoing ~$1.0 B Base rates Investments from 2022 - 2025 ~$5.0-$6.0 B Storm protection plan cost recovery clause / base rates All other transmission & distribution Investments from 2022 - 2025 ~$8.0 $9.0 B Base rates Innovative technology investments including green hydrogen Investments from 2022 - 2025 ~$1.5 $2.0 B Base Rates Maintenance of existing assets, Ongoing ~$6.0 B Base rates nuclear fuel and other - $32 $34 B Tax incentives from the Inflation Reduction Act provide the opportunity to deploy incremental, cost-effective solar for the benefit of customers in 2026+ 15 1) Represents amounts invested 2022 through 2025, unless otherwise noted NEXTera ENERGY

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