Chosen as one of my selections to the Basic Needs Portfolio, NextEra Energy is the leader in alternative-energy capacity in the United States. It recently surpassed 10,000 MW of wind-generating capacity and has been regularly contracting with U.S.-based First Solar to expand its solar-generating capacity. President Obama has made no secret that he plans to focus the U.S. on cleaner-burning alternative energies to reduce our reliance on foreign oil. No electric utility is better prepared for this transition than NextEra.
NextEra also hits on all the key fundamental components Buffett would like to see, including a doubling in book value from $19 a share to $38 over the past decade, as well as 18 consecutive years of dividend increases. Being the most socially responsible of all electric utilities could really make NextEra stand out from the crowd when Buffett goes shopping in the future.