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Debt | 6 Months Ended
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Jun. 30, 2019
Debt Disclosure [Abstract] |
Debt | Debt Significant long-term debt issuances and borrowings during the six months ended June 30, 2019 were as follows:
| Principal Amount |  | Interest Rate |  | Maturity Date
| (millions) |  |  |  |  |  |
FPL: |  |  |  |  |
First mortgage bonds | $ | 600 |  |  | 3.99 | % |  | 2049
Senior unsecured notes | $ | 1,000 |  |  | Variable |  | (a) | 2022
NEECH: |  |  |  |  |
Debentures | $ | 550 |  |  | Variable |  | (a) | 2020 - 2022
Debentures | $ | 3,500 |  |  | 2.90 | % | - | 3.50 | % |  | 2022 - 2029
Junior subordinated debentures | $ | 1,188 |  |  | 5.65 | % | (b) | 2079
Other | $ | 500 |  |  | Variable |  | (a) | 2021 - 2022
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(a) | Variable rate is based on an underlying index plus a specified margin.
(b) | $500 million will bear interest at a variable rate based on an underlying index plus a specified margin beginning in May 2029.
In April 2019, NEECH repaid $4.5 billion of borrowings under the short-term term loan agreements that it entered into to finance a portion of the purchase price paid by NEE for the acquisition of Gulf Power. See Note 7 - Gulf Power. In July 2019, NEECH borrowed a total of $700 million under four separate revolving credit facilities with maturity dates ranging from November 2020 to April 2021. Interest on the borrowings is at a variable rate based on an underlying index plus a specified margin. The proceeds from the borrowings were used primarily to finance the purchase price paid for the acquisition of Trans Bay. See Note 7 - Trans Bay Cable, LLC. During the second quarter of 2019, waivers related to events of default under certain financings caused by the bankruptcy filing of a counterparty to several PPAs were received for two financings with total principal outstanding of approximately $164 million, which, subject to certain conditions, waived the lenders' ability to accelerate the repayment of borrowings thereunder. The related debt amounts were reclassified from current to long-term during the quarter ended June 30, 2019. At June 30, 2019, approximately $184 million of debt remains classified as current, which relates to the one remaining financing in default.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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