Regulated utility operations benefit from constructive regulatory framework and consistently effective management of regulatory risk. Utility service territory is large with attractive growth characteristics. Nonutility operations primarily consist of unregulated power generation, are a significant part of NextEra Energy's credit profile, and materially increase business risk. Large capital spending program. Reliance on asset sales and monetization of tax benefits to meet funding needs. Financial policy commitment to maintain current financial risk profile. S&P Global Ratings' stable outlook on NextEra Energy Inc. and its subsidiaries reflects our expectation the company will maintain its business and financial risk profiles, supporting current ratings. Moreover, the stable outlook assumes the relative contributions of the utility and non-utility operations will remain largely at current levels
