Regulated utility operations have low business risk and support the overall credit profile. Effective management of regulatory risk. Non-utility operations are primarily engaged in unregulated power generation and materially increase business risk. Core credit ratios are at the lower end of the intermediate financial risk profile category. Large capital spending program. Financial policy commitment to maintain current financial risk profile. The stable rating outlook on NextEra Energy Inc. (NextEra) and its subsidiaries, Florida Power&Light Co. and NextEra Energy Capital Holdings Inc., reflects our expectation that the company will preserve its "strong" business risk profile while ensuring that its financial risk profile remains well within the "intermediate" category at all times, albeit toward the lower end of the category.
