| Schedule of Planned Capital Expenditures |
At June 30, 2017, estimated capital expenditures for the remainder of 2017 through 2021 for which applicable internal approvals (and also, if required, FPSC approvals for FPL or regulatory approvals for acquisitions) have been received were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Remainder of 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | Total | | (millions) | FPL: | | | | | | | | | | | | Generation:(a) | | | | | | | | | | | | New(b) | $ | 670 |
| | $ | 675 |
| | $ | 540 |
| | $ | 1,105 |
| | $ | 885 |
| | $ | 3,875 |
| Existing | 555 |
| | 795 |
| | 670 |
| | 620 |
| | 475 |
| | 3,115 |
| Transmission and distribution | 1,100 |
| | 2,710 |
| | 2,440 |
| | 2,465 |
| | 2,680 |
| | 11,395 |
| Nuclear fuel | 30 |
| | 190 |
| | 170 |
| | 210 |
| | 120 |
| | 720 |
| General and other | 300 |
| | 280 |
| | 250 |
| | 220 |
| | 250 |
| | 1,300 |
| Total | $ | 2,655 |
| | $ | 4,650 |
| | $ | 4,070 |
| | $ | 4,620 |
| | $ | 4,410 |
| | $ | 20,405 |
| NEER: | |
| | |
| | |
| | |
| | |
| | |
| Wind(c) | $ | 845 |
| | $ | 1,165 |
| | $ | 1,390 |
| | $ | 40 |
| | $ | 25 |
| | $ | 3,465 |
| Solar(d) | 175 |
| | 65 |
| | 5 |
| | — |
| | — |
| | 245 |
| Nuclear, including nuclear fuel | 135 |
| | 250 |
| | 225 |
| | 215 |
| | 245 |
| | 1,070 |
| Natural gas pipelines(e) | 235 |
| | 855 |
| | 40 |
| | 30 |
| | 10 |
| | 1,170 |
| Other | 240 |
| | 115 |
| | 40 |
| | 35 |
| | 30 |
| | 460 |
| Total | $ | 1,630 |
| | $ | 2,450 |
| | $ | 1,700 |
| | $ | 320 |
| | $ | 310 |
| | $ | 6,410 |
| Corporate and Other | $ | 40 |
| | $ | 60 |
| | $ | 85 |
| | $ | 50 |
| | $ | 40 |
| | $ | 275 |
|
| | (a) | Includes AFUDC of approximately $55 million, $88 million, $45 million, $41 million and $35 million for the remainder of 2017 through 2021, respectively. |
| | (b) | Includes land, generation structures, transmission interconnection and integration and licensing. |
| | (c) | Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 3,400 MW. |
| | (d) | Includes capital expenditures for new solar projects and related transmission totaling approximately 145 MW. |
| | (e) | Includes equity contributions associated with an equity investment in a joint venture that is constructing a natural gas pipeline. The natural gas pipeline is pending FERC approval. |
|
| Required capacity and/or minimum payments under contracts |
The required capacity and/or minimum payments under contracts, including those discussed above, as of June 30, 2017 were estimated as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Remainder of 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | Thereafter | | (millions) | FPL: | | | | | | | | | | | | Capacity charges(a) | $ | 40 |
| | $ | 65 |
| | $ | 50 |
| | $ | 20 |
| | $ | 20 |
| | $ | 250 |
| Minimum charges, at projected prices:(b) | |
| | |
| | |
| | |
| | |
| | |
| Natural gas, including transportation and storage(c) | $ | 765 |
| | $ | 970 |
| | $ | 860 |
| | $ | 910 |
| | $ | 905 |
| | $ | 12,135 |
| Coal, including transportation | $ | 70 |
| | $ | 5 |
| | $ | 5 |
| | $ | — |
| | $ | — |
| | $ | — |
| NEER | $ | 1,020 |
| | $ | 1,195 |
| | $ | 150 |
| | $ | 105 |
| | $ | 75 |
| | $ | 315 |
| Corporate and Other(d)(e) | $ | 65 |
| | $ | 20 |
| | $ | — |
| | $ | 5 |
| | $ | — |
| | $ | — |
|
| | (a) | Capacity charges, substantially all of which are recoverable through the capacity clause, totaled approximately $20 million and $46 million for the three months ended June 30, 2017 and 2016, respectively, and approximately $40 million and $93 million for the six months ended June 30, 2017 and 2016, respectively. Energy charges, which are recoverable through the fuel clause, totaled approximately $27 million and $31 million for the three months ended June 30, 2017 and 2016, respectively, and approximately $43 million and $47 million for the six months ended June 30, 2017 and 2016, respectively. |
| | (b) | Recoverable through the fuel clause. |
| | (c) | Includes approximately $150 million, $295 million, $290 million, $360 million, $390 million and $7,565 million for the remainder of 2017 through 2021 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection. |
| | (d) | Includes an approximately $25 million commitment to invest in clean power and technology businesses through 2020. |
| | (e) | Excludes approximately $370 million for the remainder 2017 of joint obligations of NEECH and NEER which are included in the NEER amounts above. |
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