v3.26.1
Pay vs Performance Disclosure
 12 Months Ended 60 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2025
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table
Pay Versus Performance table
​
Year(1)
​ ​
Summary
Compensation
Table Total
for First PEO
($)
​ ​
Summary
Compensation
Table Total
for Second
PEO
($)
​ ​
Compensation
Actually
Paid to First
PEO(2)
($)
​ ​
Compensation
Actually
Paid to Second
PEO(2)
($)
​ ​
Average
Summary
Compensation
Table Total
for non-PEO
NEOs
($)
​ ​
Average
Compensation
Actually Paid
to non-PEO
NEOs(2)
($)
​ ​
Value of Initial Fixed
$100 Investment Based
On:
​ ​
Net
Income
($MMs)(4)
​ ​
Adjusted
EPS(5)
($)
​
​
Total
Shareholder
Return
($)
​ ​
Peer
Group
Total
Shareholder
Return(3)
($)
​
​
(a)
​ ​
(b)
​ ​
(b)
​ ​
(c)
​ ​
(c)
​ ​
(d)
​ ​
(e)
​ ​
(f)
​ ​
(g)
​ ​
(h)
​ ​
(i)
​
​ 2025 ​ ​ ​ ​ 24,192,607 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ 37,973,057 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ 10,922,161 ​ ​ ​ ​ ​ 13,003,018 ​ ​ ​ ​ ​ 118.24 ​ ​ ​ ​ ​ 146.25 ​ ​ ​ ​ ​ 5,332 ​ ​ ​ ​ ​ 3.71 ​ ​
​ 2024 ​ ​ ​ ​ 21,138,476 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ 35,196,570 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ 9,028,721 ​ ​ ​ ​ ​ 13,245,654 ​ ​ ​ ​ ​ 102.40 ​ ​ ​ ​ ​ 127.56 ​ ​ ​ ​ ​ 5,698 ​ ​ ​ ​ ​ 3.43 ​ ​
​ 2023 ​ ​ ​ ​ 20,591,124 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ 7,211,720 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ 8,470,154 ​ ​ ​ ​ ​ 3,917,791 ​ ​ ​ ​ ​ 84.27 ​ ​ ​ ​ ​ 107.30 ​ ​ ​ ​ ​ 6,282 ​ ​ ​ ​ ​ 3.17 ​ ​
​ 2022 ​ ​ ​ ​ 40,406,018 ​ ​ ​ ​ ​ 17,414,329 ​ ​ ​ ​ ​ 34,410,149 ​ ​ ​ ​ ​ 18,918,020 ​ ​ ​ ​ ​ 7,394,893 ​ ​ ​ ​ ​ 7,426,310 ​ ​ ​ ​ ​ 112.81 ​ ​ ​ ​ ​ 117.64 ​ ​ ​ ​ ​ 3,246 ​ ​ ​ ​ ​ 2.90 ​ ​
​ 2021 ​ ​ ​ ​ 25,335,936 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ 55,348,220 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ 13,316,860 ​ ​ ​ ​ ​ 19,729,777 ​ ​ ​ ​ ​ 123.39 ​ ​ ​ ​ ​ 117.66 ​ ​ ​ ​ ​ 2,827 ​ ​ ​ ​ ​ 2.55 ​ ​
(1)
During 2023, 2024 and 2025, our PEO was Mr. Ketchum. During 2022, our PEOs were James L. Robo (first PEO) and Mr. Ketchum (second PEO). During 2021, our PEO was Mr. Robo. During 2025, our non-PEO NEOs consisted of Messrs. Dunne, Bolster, Pimentel, Sieving, and Crews and Mrs. Kujawa. During 2024, our non-PEO NEOs consisted of Messrs. Bolster, Pimentel, Sieving and Crews and Mrs. Kujawa. During 2023, our non-PEO NEOs consisted of Messrs. Crews, Pimentel and Sieving and Mrs. Kujawa. During 2022, our non-PEO NEOs consisted of Messrs. Crews, Silagy, and Sieving, Mrs. Kujawa, and Ms. Caplan. During 2021, our non-PEO NEOs consisted of Messrs. Ketchum, Silagy and Sieving and Mrs. Kujawa.
​
(2)
The following table sets forth the adjustments made during each year represented in the PVP Table to arrive at “compensation actually paid” during each year:
​
PEO and average non-PEO NEOs summary compensation table total to compensation actually paid reconciliation
​
Year
​ ​
Executive(s)
​ ​
Summary
Compensation
Table Total
($)
​ ​
Deduct
Option and
Stock
Awards
Granted in
Fiscal Year
($)
​ ​
Add Fair
Value at
Fiscal
Year-End
of Unvested
Option and
Stock
Awards
Granted in
Fiscal Year
($)
​ ​
Add
Change in
FAIR Value of
Unvested
Option
and Stock
Awards
Granted
in Prior
Fiscal Year
($)
​ ​
Add
Change
in FAIR Value
of Option
and Stock
Awards
Vested in
Fiscal Year
($)
​ ​
Deduct
Fair Value
of Option
and Stock
Awards
Forfeited
in Fiscal
Year
($)
​ ​
Deduct
Change
in Pension
Value and
Non-qualified
Deferred
Compensation
Earnings
Column
of the SCT
($)
​ ​
Add
Pension
Service
Cost
($)
​ ​
Add
Dividends
Paid on
Unvested
Shares
in Fiscal
Year
($)
​ ​
Compensation
Actually Paid
($)(i)
 ​
​
2025
​ ​
PEO
​ ​ ​ ​ 24,192,607 ​ ​ ​ ​ ​ (15,973,646) ​ ​ ​ ​ ​ 22,997,410 ​ ​ ​ ​ ​ 6,242,357 ​ ​ ​ ​ ​ 1,069,874 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (977,535) ​ ​ ​ ​ ​ 398,360 ​ ​ ​ ​ ​ 23,630 ​ ​ ​ ​ ​ 37,973,057 ​ ​
​
Other NEOs
​ ​ ​ ​ 10,922,161 ​ ​ ​ ​ ​ (5,484,385) ​ ​ ​ ​ ​ 6,288,613 ​ ​ ​ ​ ​ 1,096,967 ​ ​ ​ ​ ​ 297,534 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (288,490) ​ ​ ​ ​ ​ 111,522 ​ ​ ​ ​ ​ 59,094 ​ ​ ​ ​ ​ 13,003,018 ​ ​
​
2024
​ ​
PEO
​ ​ ​ ​ 21,138,476 ​ ​ ​ ​ ​ (13,653,936) ​ ​ ​ ​ ​ 21,000,411 ​ ​ ​ ​ ​ 4,342,552 ​ ​ ​ ​ ​ 2,757,825 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (918,853) ​ ​ ​ ​ ​ 398,679 ​ ​ ​ ​ ​ 131,415 ​ ​ ​ ​ ​ 35,196,570 ​ ​
​
Other NEOs
​ ​ ​ ​ 9,028,721 ​ ​ ​ ​ ​ (5,662,109) ​ ​ ​ ​ ​ 8,091,328 ​ ​ ​ ​ ​ 1,390,629 ​ ​ ​ ​ ​ 521,089 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (313,148) ​ ​ ​ ​ ​ 124,312 ​ ​ ​ ​ ​ 64,832 ​ ​ ​ ​ ​ 13,245,654 ​ ​
​
2023
​ ​
PEO
​ ​ ​ ​ 20,591,124 ​ ​ ​ ​ ​ (13,168,902) ​ ​ ​ ​ ​ 9,993,852 ​ ​ ​ ​ ​ (7,479,727) ​ ​ ​ ​ ​ (2,338,619) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (811,026) ​ ​ ​ ​ ​ 352,471 ​ ​ ​ ​ ​ 72,547 ​ ​ ​ ​ ​ 7,211,720 ​ ​
​
Other NEOs
​ ​ ​ ​ 8,470,154 ​ ​ ​ ​ ​ (5,804,360) ​ ​ ​ ​ ​ 4,172,741 ​ ​ ​ ​ ​ (2,166,093) ​ ​ ​ ​ ​ (625,020) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (288,148) ​ ​ ​ ​ ​ 120,554 ​ ​ ​ ​ ​ 37,962 ​ ​ ​ ​ ​ 3,917,791 ​ ​
​
2022
​ ​
First PEO
​ ​ ​ ​ 40,406,018 ​ ​ ​ ​ ​ (13,094,677) ​ ​ ​ ​ ​ 18,259,934 ​ ​ ​ ​ ​ (1,507,964) ​ ​ ​ ​ ​ (9,326,246) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,000,479) ​ ​ ​ ​ ​ 597,194 ​ ​ ​ ​ ​ 76,368 ​ ​ ​ ​ ​ 34,410,149 ​ ​
​
Second PEO
​ ​ ​ ​ 17,414,329 ​ ​ ​ ​ ​ (10,623,931) ​ ​ ​ ​ ​ 15,168,274 ​ ​ ​ ​ ​ (1,053,175) ​ ​ ​ ​ ​ (1,857,707) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (475,209) ​ ​ ​ ​ ​ 292,699 ​ ​ ​ ​ ​ 52,740 ​ ​ ​ ​ ​ 18,918,020 ​ ​
​
Other NEOs
​ ​ ​ ​ 7,394,893 ​ ​ ​ ​ ​ (4,332,201) ​ ​ ​ ​ ​ 6,010,715 ​ ​ ​ ​ ​ (554,750) ​ ​ ​ ​ ​ (1,002,574) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (305,362) ​ ​ ​ ​ ​ 185,918 ​ ​ ​ ​ ​ 29,670 ​ ​ ​ ​ ​ 7,426,310 ​ ​
​
2021
​ ​
PEO
​ ​ ​ ​ 25,335,936 ​ ​ ​ ​ ​ (17,391,104) ​ ​ ​ ​ ​ 23,190,233 ​ ​ ​ ​ ​ 14,918,520 ​ ​ ​ ​ ​ 9,630,919 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,023,668) ​ ​ ​ ​ ​ 598,193 ​ ​ ​ ​ ​ 89,191 ​ ​ ​ ​ ​ 55,348,220 ​ ​
​
Other NEOs
​ ​ ​ ​ 13,316,860 ​ ​ ​ ​ ​ (9,961,104) ​ ​ ​ ​ ​ 12,160,788 ​ ​ ​ ​ ​ 2,529,143 ​ ​ ​ ​ ​ 1,788,740 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (375,214) ​ ​ ​ ​ ​ 238,766 ​ ​ ​ ​ ​ 31,799 ​ ​ ​ ​ ​ 19,729,777 ​ ​
(i)
Reflects the value of equity calculated in accordance with the SEC methodology for determining compensation actually paid, dividends paid in cash, and pension service cost for each year shown. The fair value of performance share awards was determined using the Monte-Carlo simulation process and the fair value of stock options was determined using the Black-Scholes pricing model. Compensation actually paid does not represent annual compensation realized.
​
(3)
In connection with Mrs. Kujawa’s retirement in 2025, certain outstanding equity awards were modified in accordance with the terms of the applicable award agreements to provide for continued full vesting upon retirement eligibility and were remeasured pursuant to Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“ASC 718”). The incremental fair value attributable to the modification was $16,061,142, which is reflected in the Summary Compensation Table for fiscal year 2025. For purposes of Compensation Actually Paid (“CAP”) under Item 402(v) of Regulation S-K, the Pay Versus Performance table reflects the year-over-year change in fair value of outstanding awards from the prior fiscal year-end to the current fiscal year-end. For fiscal year 2025, this change was $3,930,593. This amount differs from the incremental fair value recognized for accounting purposes because CAP reflects the net change in fair value at fiscal year-end, inclusive of the impact of the modification.
(4)
TSR is determined based on the value of an initial fixed investment of $100 and reflects reinvestment of dividends. The TSR peer group consists of the S&P 500 Utilities Index constituents at the beginning of the period.
​
(5)
Net income excludes net income attributable to non-controlling interests.
(6)
See Appendix A for a reconciliation of adjusted EPS to the most directly comparable GAAP financial measure.
Over the last five years, the Company has delivered strong financial and operational performance. While our total shareholder return trailed the S&P 500 Utilities Index over this period (an investment of $100 in NextEra Energy stock at the beginning of 2021 would have grown to $118.24 at year-end 2025, compared to $146.25 for the index) our underlying financial performance remained solid. Net income increased 19.3% in 2021, 14.8% in 2022 and 93.5% in 2023. While net income was not as favorable in 2024 and 2025, overall net income increased 88.6% during the 5-year period from 2021 to 2025. Adjusted EPS grew 10.4% in 2021, 13.7% in 2022, 9.3% in 2023 and 8.2% in both 2024 and 2025.
Our Company maintains a pay for performance philosophy and the majority of compensation is performance-based as further described in our Compensation Discussion & Analysis.
The higher values for compensation actually paid in 2021, 2024 and 2025 for our PEOs and non-PEO NEOs aligns with strong TSR, net income and adjusted EPS results over the same period. In 2022 and 2023, we continued to deliver outstanding net income and adjusted EPS performance, but the stock price declines in 2022 and 2023 caused our compensation actually paid to decrease notably compared to 2021.
         
Company Selected Measure Name Adjusted EPS          
Named Executive Officers, Footnote
(1)
During 2023, 2024 and 2025, our PEO was Mr. Ketchum. During 2022, our PEOs were James L. Robo (first PEO) and Mr. Ketchum (second PEO). During 2021, our PEO was Mr. Robo. During 2025, our non-PEO NEOs consisted of Messrs. Dunne, Bolster, Pimentel, Sieving, and Crews and Mrs. Kujawa. During 2024, our non-PEO NEOs consisted of Messrs. Bolster, Pimentel, Sieving and Crews and Mrs. Kujawa. During 2023, our non-PEO NEOs consisted of Messrs. Crews, Pimentel and Sieving and Mrs. Kujawa. During 2022, our non-PEO NEOs consisted of Messrs. Crews, Silagy, and Sieving, Mrs. Kujawa, and Ms. Caplan. During 2021, our non-PEO NEOs consisted of Messrs. Ketchum, Silagy and Sieving and Mrs. Kujawa.
         
Peer Group Issuers, Footnote
(4)
TSR is determined based on the value of an initial fixed investment of $100 and reflects reinvestment of dividends. The TSR peer group consists of the S&P 500 Utilities Index constituents at the beginning of the period.
         
Adjustment To PEO Compensation, Footnote
(2)
The following table sets forth the adjustments made during each year represented in the PVP Table to arrive at “compensation actually paid” during each year:
​
PEO and average non-PEO NEOs summary compensation table total to compensation actually paid reconciliation
​
Year
​ ​
Executive(s)
​ ​
Summary
Compensation
Table Total
($)
​ ​
Deduct
Option and
Stock
Awards
Granted in
Fiscal Year
($)
​ ​
Add Fair
Value at
Fiscal
Year-End
of Unvested
Option and
Stock
Awards
Granted in
Fiscal Year
($)
​ ​
Add
Change in
FAIR Value of
Unvested
Option
and Stock
Awards
Granted
in Prior
Fiscal Year
($)
​ ​
Add
Change
in FAIR Value
of Option
and Stock
Awards
Vested in
Fiscal Year
($)
​ ​
Deduct
Fair Value
of Option
and Stock
Awards
Forfeited
in Fiscal
Year
($)
​ ​
Deduct
Change
in Pension
Value and
Non-qualified
Deferred
Compensation
Earnings
Column
of the SCT
($)
​ ​
Add
Pension
Service
Cost
($)
​ ​
Add
Dividends
Paid on
Unvested
Shares
in Fiscal
Year
($)
​ ​
Compensation
Actually Paid
($)(i)
 ​
​
2025
​ ​
PEO
​ ​ ​ ​ 24,192,607 ​ ​ ​ ​ ​ (15,973,646) ​ ​ ​ ​ ​ 22,997,410 ​ ​ ​ ​ ​ 6,242,357 ​ ​ ​ ​ ​ 1,069,874 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (977,535) ​ ​ ​ ​ ​ 398,360 ​ ​ ​ ​ ​ 23,630 ​ ​ ​ ​ ​ 37,973,057 ​ ​
​
Other NEOs
​ ​ ​ ​ 10,922,161 ​ ​ ​ ​ ​ (5,484,385) ​ ​ ​ ​ ​ 6,288,613 ​ ​ ​ ​ ​ 1,096,967 ​ ​ ​ ​ ​ 297,534 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (288,490) ​ ​ ​ ​ ​ 111,522 ​ ​ ​ ​ ​ 59,094 ​ ​ ​ ​ ​ 13,003,018 ​ ​
​
2024
​ ​
PEO
​ ​ ​ ​ 21,138,476 ​ ​ ​ ​ ​ (13,653,936) ​ ​ ​ ​ ​ 21,000,411 ​ ​ ​ ​ ​ 4,342,552 ​ ​ ​ ​ ​ 2,757,825 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (918,853) ​ ​ ​ ​ ​ 398,679 ​ ​ ​ ​ ​ 131,415 ​ ​ ​ ​ ​ 35,196,570 ​ ​
​
Other NEOs
​ ​ ​ ​ 9,028,721 ​ ​ ​ ​ ​ (5,662,109) ​ ​ ​ ​ ​ 8,091,328 ​ ​ ​ ​ ​ 1,390,629 ​ ​ ​ ​ ​ 521,089 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (313,148) ​ ​ ​ ​ ​ 124,312 ​ ​ ​ ​ ​ 64,832 ​ ​ ​ ​ ​ 13,245,654 ​ ​
​
2023
​ ​
PEO
​ ​ ​ ​ 20,591,124 ​ ​ ​ ​ ​ (13,168,902) ​ ​ ​ ​ ​ 9,993,852 ​ ​ ​ ​ ​ (7,479,727) ​ ​ ​ ​ ​ (2,338,619) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (811,026) ​ ​ ​ ​ ​ 352,471 ​ ​ ​ ​ ​ 72,547 ​ ​ ​ ​ ​ 7,211,720 ​ ​
​
Other NEOs
​ ​ ​ ​ 8,470,154 ​ ​ ​ ​ ​ (5,804,360) ​ ​ ​ ​ ​ 4,172,741 ​ ​ ​ ​ ​ (2,166,093) ​ ​ ​ ​ ​ (625,020) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (288,148) ​ ​ ​ ​ ​ 120,554 ​ ​ ​ ​ ​ 37,962 ​ ​ ​ ​ ​ 3,917,791 ​ ​
​
2022
​ ​
First PEO
​ ​ ​ ​ 40,406,018 ​ ​ ​ ​ ​ (13,094,677) ​ ​ ​ ​ ​ 18,259,934 ​ ​ ​ ​ ​ (1,507,964) ​ ​ ​ ​ ​ (9,326,246) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,000,479) ​ ​ ​ ​ ​ 597,194 ​ ​ ​ ​ ​ 76,368 ​ ​ ​ ​ ​ 34,410,149 ​ ​
​
Second PEO
​ ​ ​ ​ 17,414,329 ​ ​ ​ ​ ​ (10,623,931) ​ ​ ​ ​ ​ 15,168,274 ​ ​ ​ ​ ​ (1,053,175) ​ ​ ​ ​ ​ (1,857,707) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (475,209) ​ ​ ​ ​ ​ 292,699 ​ ​ ​ ​ ​ 52,740 ​ ​ ​ ​ ​ 18,918,020 ​ ​
​
Other NEOs
​ ​ ​ ​ 7,394,893 ​ ​ ​ ​ ​ (4,332,201) ​ ​ ​ ​ ​ 6,010,715 ​ ​ ​ ​ ​ (554,750) ​ ​ ​ ​ ​ (1,002,574) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (305,362) ​ ​ ​ ​ ​ 185,918 ​ ​ ​ ​ ​ 29,670 ​ ​ ​ ​ ​ 7,426,310 ​ ​
​
2021
​ ​
PEO
​ ​ ​ ​ 25,335,936 ​ ​ ​ ​ ​ (17,391,104) ​ ​ ​ ​ ​ 23,190,233 ​ ​ ​ ​ ​ 14,918,520 ​ ​ ​ ​ ​ 9,630,919 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,023,668) ​ ​ ​ ​ ​ 598,193 ​ ​ ​ ​ ​ 89,191 ​ ​ ​ ​ ​ 55,348,220 ​ ​
​
Other NEOs
​ ​ ​ ​ 13,316,860 ​ ​ ​ ​ ​ (9,961,104) ​ ​ ​ ​ ​ 12,160,788 ​ ​ ​ ​ ​ 2,529,143 ​ ​ ​ ​ ​ 1,788,740 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (375,214) ​ ​ ​ ​ ​ 238,766 ​ ​ ​ ​ ​ 31,799 ​ ​ ​ ​ ​ 19,729,777 ​ ​
(i)
Reflects the value of equity calculated in accordance with the SEC methodology for determining compensation actually paid, dividends paid in cash, and pension service cost for each year shown. The fair value of performance share awards was determined using the Monte-Carlo simulation process and the fair value of stock options was determined using the Black-Scholes pricing model. Compensation actually paid does not represent annual compensation realized.
         
Non-PEO NEO Average Total Compensation Amount $ 10,922,161 $ 9,028,721 $ 8,470,154 $ 7,394,893 $ 13,316,860  
Non-PEO NEO Average Compensation Actually Paid Amount $ 13,003,018 13,245,654 3,917,791 7,426,310 19,729,777  
Adjustment to Non-PEO NEO Compensation Footnote
(2)
The following table sets forth the adjustments made during each year represented in the PVP Table to arrive at “compensation actually paid” during each year:
​
PEO and average non-PEO NEOs summary compensation table total to compensation actually paid reconciliation
​
Year
​ ​
Executive(s)
​ ​
Summary
Compensation
Table Total
($)
​ ​
Deduct
Option and
Stock
Awards
Granted in
Fiscal Year
($)
​ ​
Add Fair
Value at
Fiscal
Year-End
of Unvested
Option and
Stock
Awards
Granted in
Fiscal Year
($)
​ ​
Add
Change in
FAIR Value of
Unvested
Option
and Stock
Awards
Granted
in Prior
Fiscal Year
($)
​ ​
Add
Change
in FAIR Value
of Option
and Stock
Awards
Vested in
Fiscal Year
($)
​ ​
Deduct
Fair Value
of Option
and Stock
Awards
Forfeited
in Fiscal
Year
($)
​ ​
Deduct
Change
in Pension
Value and
Non-qualified
Deferred
Compensation
Earnings
Column
of the SCT
($)
​ ​
Add
Pension
Service
Cost
($)
​ ​
Add
Dividends
Paid on
Unvested
Shares
in Fiscal
Year
($)
​ ​
Compensation
Actually Paid
($)(i)
 ​
​
2025
​ ​
PEO
​ ​ ​ ​ 24,192,607 ​ ​ ​ ​ ​ (15,973,646) ​ ​ ​ ​ ​ 22,997,410 ​ ​ ​ ​ ​ 6,242,357 ​ ​ ​ ​ ​ 1,069,874 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (977,535) ​ ​ ​ ​ ​ 398,360 ​ ​ ​ ​ ​ 23,630 ​ ​ ​ ​ ​ 37,973,057 ​ ​
​
Other NEOs
​ ​ ​ ​ 10,922,161 ​ ​ ​ ​ ​ (5,484,385) ​ ​ ​ ​ ​ 6,288,613 ​ ​ ​ ​ ​ 1,096,967 ​ ​ ​ ​ ​ 297,534 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (288,490) ​ ​ ​ ​ ​ 111,522 ​ ​ ​ ​ ​ 59,094 ​ ​ ​ ​ ​ 13,003,018 ​ ​
​
2024
​ ​
PEO
​ ​ ​ ​ 21,138,476 ​ ​ ​ ​ ​ (13,653,936) ​ ​ ​ ​ ​ 21,000,411 ​ ​ ​ ​ ​ 4,342,552 ​ ​ ​ ​ ​ 2,757,825 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (918,853) ​ ​ ​ ​ ​ 398,679 ​ ​ ​ ​ ​ 131,415 ​ ​ ​ ​ ​ 35,196,570 ​ ​
​
Other NEOs
​ ​ ​ ​ 9,028,721 ​ ​ ​ ​ ​ (5,662,109) ​ ​ ​ ​ ​ 8,091,328 ​ ​ ​ ​ ​ 1,390,629 ​ ​ ​ ​ ​ 521,089 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (313,148) ​ ​ ​ ​ ​ 124,312 ​ ​ ​ ​ ​ 64,832 ​ ​ ​ ​ ​ 13,245,654 ​ ​
​
2023
​ ​
PEO
​ ​ ​ ​ 20,591,124 ​ ​ ​ ​ ​ (13,168,902) ​ ​ ​ ​ ​ 9,993,852 ​ ​ ​ ​ ​ (7,479,727) ​ ​ ​ ​ ​ (2,338,619) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (811,026) ​ ​ ​ ​ ​ 352,471 ​ ​ ​ ​ ​ 72,547 ​ ​ ​ ​ ​ 7,211,720 ​ ​
​
Other NEOs
​ ​ ​ ​ 8,470,154 ​ ​ ​ ​ ​ (5,804,360) ​ ​ ​ ​ ​ 4,172,741 ​ ​ ​ ​ ​ (2,166,093) ​ ​ ​ ​ ​ (625,020) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (288,148) ​ ​ ​ ​ ​ 120,554 ​ ​ ​ ​ ​ 37,962 ​ ​ ​ ​ ​ 3,917,791 ​ ​
​
2022
​ ​
First PEO
​ ​ ​ ​ 40,406,018 ​ ​ ​ ​ ​ (13,094,677) ​ ​ ​ ​ ​ 18,259,934 ​ ​ ​ ​ ​ (1,507,964) ​ ​ ​ ​ ​ (9,326,246) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,000,479) ​ ​ ​ ​ ​ 597,194 ​ ​ ​ ​ ​ 76,368 ​ ​ ​ ​ ​ 34,410,149 ​ ​
​
Second PEO
​ ​ ​ ​ 17,414,329 ​ ​ ​ ​ ​ (10,623,931) ​ ​ ​ ​ ​ 15,168,274 ​ ​ ​ ​ ​ (1,053,175) ​ ​ ​ ​ ​ (1,857,707) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (475,209) ​ ​ ​ ​ ​ 292,699 ​ ​ ​ ​ ​ 52,740 ​ ​ ​ ​ ​ 18,918,020 ​ ​
​
Other NEOs
​ ​ ​ ​ 7,394,893 ​ ​ ​ ​ ​ (4,332,201) ​ ​ ​ ​ ​ 6,010,715 ​ ​ ​ ​ ​ (554,750) ​ ​ ​ ​ ​ (1,002,574) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (305,362) ​ ​ ​ ​ ​ 185,918 ​ ​ ​ ​ ​ 29,670 ​ ​ ​ ​ ​ 7,426,310 ​ ​
​
2021
​ ​
PEO
​ ​ ​ ​ 25,335,936 ​ ​ ​ ​ ​ (17,391,104) ​ ​ ​ ​ ​ 23,190,233 ​ ​ ​ ​ ​ 14,918,520 ​ ​ ​ ​ ​ 9,630,919 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,023,668) ​ ​ ​ ​ ​ 598,193 ​ ​ ​ ​ ​ 89,191 ​ ​ ​ ​ ​ 55,348,220 ​ ​
​
Other NEOs
​ ​ ​ ​ 13,316,860 ​ ​ ​ ​ ​ (9,961,104) ​ ​ ​ ​ ​ 12,160,788 ​ ​ ​ ​ ​ 2,529,143 ​ ​ ​ ​ ​ 1,788,740 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (375,214) ​ ​ ​ ​ ​ 238,766 ​ ​ ​ ​ ​ 31,799 ​ ​ ​ ​ ​ 19,729,777 ​ ​
(i)
Reflects the value of equity calculated in accordance with the SEC methodology for determining compensation actually paid, dividends paid in cash, and pension service cost for each year shown. The fair value of performance share awards was determined using the Monte-Carlo simulation process and the fair value of stock options was determined using the Black-Scholes pricing model. Compensation actually paid does not represent annual compensation realized.
         
Compensation Actually Paid vs. Total Shareholder Return
the relationship between CAP and our TSR;
         
Compensation Actually Paid vs. Net Income
the relationship between CAP and our Net Income; and
         
Compensation Actually Paid vs. Company Selected Measure
the relationship between CAP and the Company’s Adjusted EPS for each year, which is our Company Selected Measure (“CSM”). The CSM represents, in our assessment, the most important financial performance measure used to link CAP to Company performance.
         
Total Shareholder Return Vs Peer Group
the relationship between our cumulative TSR and the TSR of the S&P 500 Utilities Index (“Peer Group TSR”);
         
Tabular List, Table
Tabular list of most important measures to determine 2025 compensation actually paid
The list below represents the financial performance measures that the Company considers to have been the most important in linking CAP to our PEO and non-PEO NEOs for 2025 to Company performance. The measures are not ranked. Descriptions of these measures, and the manner in which these measures determine the amounts of incentive compensation paid to our NEOs, is described in our Compensation Discussion & Analysis within the sections titled “2025 Annual Performance-Based Incentive Compensation” and “2025 Long-Term Performance-Based Equity Compensation.”
»
Adjusted EPS
»
Adjusted ROE
»
Adjusted Earnings
         
Total Shareholder Return Amount $ 118.24 102.4 84.27 112.81 123.39  
Peer Group Total Shareholder Return Amount 146.25 127.56 107.3 117.64 117.66  
Net Income (Loss) $ 5,332,000,000 $ 5,698,000,000 $ 6,282,000,000 $ 3,246,000,000 $ 2,827,000,000  
Company Selected Measure Amount | $ / shares 3.71 3.43 3.17 2.9 2.55  
PEO Name Mr. Ketchum          
Share-Based Payment Arrangement, Plan Modification, Incremental Cost $ 16,061,142          
Compensation Actually Paid Share Based Compensation Fair Value Adjustment Amount $ 3,930,593          
Percentage Of Income Growth     93.50% 14.80% 19.30% 88.60%
Percentage Of Adjusted EPS Growth 8.20% 8.20% 9.30% 13.70% 10.40%  
Measure:: 1            
Pay vs Performance Disclosure            
Name Adjusted EPS          
Non-GAAP Measure Description
(6)
See Appendix A for a reconciliation of adjusted EPS to the most directly comparable GAAP financial measure.
         
Measure:: 2            
Pay vs Performance Disclosure            
Name Adjusted ROE          
Measure:: 3            
Pay vs Performance Disclosure            
Name Adjusted Earnings          
John W. Ketchum [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount $ 24,192,607 $ 21,138,476 $ 20,591,124 $ 40,406,018 $ 25,335,936  
PEO Actually Paid Compensation Amount 37,973,057 35,196,570 7,211,720 34,410,149 55,348,220  
James Robo [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount       17,414,329    
PEO Actually Paid Compensation Amount       18,918,020    
PEO | John W. Ketchum [Member] | Pension Adjustments Service Cost            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 398,360 398,679 352,471 597,194 598,193  
PEO | John W. Ketchum [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount (15,973,646) (13,653,936) (13,168,902) (13,094,677) (17,391,104)  
PEO | John W. Ketchum [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 22,997,410 21,000,411 9,993,852 18,259,934 23,190,233  
PEO | John W. Ketchum [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 6,242,357 4,342,552 (7,479,727) (1,507,964) 14,918,520  
PEO | John W. Ketchum [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 23,630 131,415 72,547 76,368 89,191  
PEO | John W. Ketchum [Member] | ADD CHANGE IN FAIR VALUE OF OPTION AND STOCK AWARDS VESTED IN FISCAL YEAR            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 1,069,874 2,757,825 (2,338,619) (9,326,246) 9,630,919  
PEO | John W. Ketchum [Member] | DEDUCT FAIR VALUE OF OPTION AND STOCK AWARDS FORFEITED IN FISCAL YEAR            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount  
PEO | John W. Ketchum [Member] | DEDUCT CHANGE IN PENSION VALUE AND NONQUALIFIED DEFERRED COMPENSATION EARNINGS COLUMN OF THE SCT            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount (977,535) (918,853) (811,026) (1,000,479) (1,023,668)  
PEO | James Robo [Member] | Pension Adjustments Service Cost            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount       292,699    
PEO | James Robo [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount       (10,623,931)    
PEO | James Robo [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount       15,168,274    
PEO | James Robo [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount       (1,053,175)    
PEO | James Robo [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount       52,740    
PEO | James Robo [Member] | ADD CHANGE IN FAIR VALUE OF OPTION AND STOCK AWARDS VESTED IN FISCAL YEAR            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount       (1,857,707)    
PEO | James Robo [Member] | DEDUCT FAIR VALUE OF OPTION AND STOCK AWARDS FORFEITED IN FISCAL YEAR            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount          
PEO | James Robo [Member] | DEDUCT CHANGE IN PENSION VALUE AND NONQUALIFIED DEFERRED COMPENSATION EARNINGS COLUMN OF THE SCT            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount       (475,209)    
Non-PEO NEO | Pension Adjustments Service Cost            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 111,522 124,312 120,554 185,918 238,766  
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount (5,484,385) (5,662,109) (5,804,360) (4,332,201) (9,961,104)  
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 6,288,613 8,091,328 4,172,741 6,010,715 12,160,788  
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 1,096,967 1,390,629 (2,166,093) (554,750) 2,529,143  
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 59,094 64,832 37,962 29,670 31,799  
Non-PEO NEO | ADD CHANGE IN FAIR VALUE OF OPTION AND STOCK AWARDS VESTED IN FISCAL YEAR            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 297,534 521,089 (625,020) (1,002,574) 1,788,740  
Non-PEO NEO | DEDUCT FAIR VALUE OF OPTION AND STOCK AWARDS FORFEITED IN FISCAL YEAR            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount  
Non-PEO NEO | DEDUCT CHANGE IN PENSION VALUE AND NONQUALIFIED DEFERRED COMPENSATION EARNINGS COLUMN OF THE SCT            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount $ (288,490) $ (313,148) $ (288,148) $ (305,362) $ (375,214)