Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2018

Commitments and Contingencies [Abstract]

Schedule of Planned Capital Expenditures

At September 30, 2018, estimated capital expenditures for the remainder of 2018 through 2022 for which applicable internal approvals (and also, if required, regulatory approvals such as FPSC approvals for FPL) have been received were as follows:



	Remainder of 2018		2019		2020		2021		2022		Total
	(millions)
FPL:
Generation:^(a)
New^(b)(c)	$	140	$	1,090	$	680	$	1,130	$	985	$	4,025
Existing	340		960		475		560		490		2,825
Transmission and distribution	570		2,235		2,175		2,550		2,570		10,100
Nuclear fuel	50		150		135		145		165		645
General and other	165		400		325		340		325		1,555
Total	$	1,265	$	4,835	$	3,790	$	4,725	$	4,535	$	19,150
NEER:
Wind^(d)	$	750	$	2,155	$	1,455	$	20	$	15	$	4,395
Solar^(e)	170		260		170		—		—		600
Nuclear, including nuclear fuel	55		205		160		165		180		765
Natural gas pipelines	340		660		20		10		20		1,050
Other	160		55		40		40		35		330
Total	$	1,475	$	3,335	$	1,845	$	235	$	250	$	7,140
Corporate and Other	$	10	$	20	$	30	$	15	$	—	$	75

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(a)	Includes AFUDC of approximately $29 million, $57 million, $30 million, $36 million and $38 million for the remainder of 2018 through 2022, respectively.


(b)	Includes land, generation structures, transmission interconnection and integration and licensing.


(c)	Excludes capital expenditures of approximately $800 million for the modernization of two generating units at FPL's Lauderdale facility to a high-efficiency natural gas-fired unit (Dania Beach Clean Energy Center), which is pending approval by the Florida Power Plant Siting Board, comprised of the Florida governor and cabinet.


(d)	Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 6,100 MW.


(e)	Includes capital expenditures for new solar projects and related transmission totaling approximately 580 MW.

Required capacity and/or minimum payments under contracts

The required capacity and/or minimum payments under contracts, including those discussed above, at September 30, 2018 were estimated as follows:



	Remainder of 2018		2019		2020		2021		2022		Thereafter
	(millions)
FPL:
Capacity charges^(a)	$	5	$	15	$	15	$	15	$	20	$	195
Minimum charges, at projected prices:^(b)
Natural gas, including transportation and storage^(c)	$	495	$	1,420	$	1,055	$	940	$	925	$	11,660
Coal, including transportation	$	15	$	5	$	—	$	—	$	—	$	—
NEER^(d)	$	1,110	$	1,760	$	195	$	160	$	180	$	1,470
Corporate and Other^(e)(f)	$	155	$	25	$	10	$	10	$	5	$	—

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(a)

Capacity charges, substantially all of which are recoverable through the capacity clause, totaled approximately $6 million and $18 million for the three months ended September 30, 2018 and 2017, respectively, and approximately $16 million and $58 million for the nine months ended September 30, 2018 and 2017, respectively. Energy charges, which are recoverable through the fuel clause, totaled approximately $8 million and $28 million for the three months ended September 30, 2018 and 2017, respectively, and approximately $23 million and $70 million for the nine months ended September 30, 2018 and 2017, respectively.


(b)	Recoverable through the fuel clause.


(c)	Includes approximately $80 million, $320 million, $385 million, $415 million, $415 million and $7,585 million for the remainder of 2018 through 2022 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection.

(d)

Includes approximately $15 million, $65 million, $65 million, $65 million and $1,085 million in 2019 through 2022 and thereafter, respectively, of firm commitments related to a natural gas transportation agreement with a joint venture, in which NEER has a 31% equity investment, that is constructing a natural gas pipeline. These firm commitments are subject to the completion of construction of the pipeline which is expected by the end of 2019.


(e)	Includes an approximately $60 million commitment to invest in clean power and technology businesses through 2022.


(f)	Excludes approximately $200 million and $250 million for the remainder of 2018 and 2019, respectively, of joint obligations of NEECH and NEER which are included in the NEER amounts above.