NextEra Energy, Inc., enjoys two partial loan guarantees from the Department of Energy (DOE), but the company also benefits from a little known provision in Obamacare that subsidizes health insurance for early retirees.
According to Department of Health and Human Services (HHS) records, NextEra Energy has received $1,754,457.60 in funding for the health insurance of its retirees — funding provided through the Early Retirement Reinsurance Program (ERRP), a program enacted through Obamacare and criticized as a bailout for unions and government entities.
The federal government provides that health insurance subsidy in addition to partial guarantees of over $2 billion in loans to a subsidiary of NextEra Energy. NextEra Energy Resources LLC owns a reported 50 percent stake in a project that DOE supports with a $1.46 billion partial loan guarantee which will create 15 permanent jobs. The LLC also benefits from the partial guarantee of an $852 million loan for another project, estimated to create 47 permanent jobs.
