Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Planned Capital Expenditures

At December 31, 2020, estimated capital expenditures for 2021 through 2025 for which applicable internal approvals (and also, if required, regulatory approvals such as FPSC approvals for FPL and Gulf Power) have been received were as follows:


	2021		2022		2023		2024		2025		Total
	(millions)
FPL:
Generation:(a)
New(b)	$	780	$	880	$	680	$	540	$	530	$	3,410
Existing	1,085		1,155		1,045		1,010		750		5,045
Transmission and distribution(c)	4,065		3,665		3,825		4,290		4,490		20,335
Nuclear fuel	220		170		120		145		145		800
General and other	740		760		810		725		780		3,815
Total	$	6,890	$	6,630	$	6,480	$	6,710	$	6,695	$	33,405
Gulf Power	$	860	$	695	$	625	$	685	$	685	$	3,550
NEER:
Wind(d)	$	1,770	$	60	$	15	$	15	$	5	$	1,865
Solar(e)	1,565		340		185		—		—		2,090
Battery storage	355		—		—		—		—		355
Nuclear, including nuclear fuel	230		190		145		190		200		955
Natural gas pipelines(f)	285		165		—		—		—		450
Rate-regulated transmission	205		25		10		15		30		285
Other	730		125		100		75		60		1,090
Total	$	5,140	$	905	$	455	$	295	$	295	$	7,090

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(a)Includes AFUDC of approximately $75 million, $50 million, $25 million, $15 million and $15 million for 2021 through 2025, respectively.

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

(c)Includes AFUDC of approximately $50 million, $50 million, $40 million, $55 million and $45 million for 2021 through 2025, respectively.

(d)Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 2,394 MW.

(e)Includes capital expenditures for new solar projects and related transmission totaling approximately 2,354 MW.

(f)Construction of natural gas pipelines are subject to certain conditions, including applicable regulatory approvals and in certain cases the resolution of legal challenges.

Required Capacity and/or Minimum Payments

The required capacity and/or minimum payments under contracts, including those discussed above at December 31, 2020, were estimated as follows:


	2021		2022		2023		2024		2025		Thereafter
	(millions)
FPL(a)	$	1,030	$	970	$	950	$	940	$	890	$	9,380
NEER(b)(c)(d)	$	3,250	$	530	$	210	$	210	$	140	$	1,635

_______________________

(a)Includes approximately $415 million, $415 million, $410 million, $410 million, $405 million and $6,360 million in 2021 through 2025 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection, LLC. The charges associated with these agreements are recoverable through the fuel clause and totaled approximately $386 million, $316 million and $303 million for the years ended December 31, 2020, 2019 and 2018, respectively, of which $108 million, $108 million and $95 million, respectively, were eliminated in consolidation at NEE.

(b)Includes approximately $25 million, $70 million, $70 million, $70 million and $1,155 million for 2022 through 2025 and thereafter, respectively, of firm commitments related to a natural gas transportation agreement with a joint venture, in which NEER has a 31.5% equity investment, that is constructing a natural gas pipeline. These firm commitments are subject to the completion of construction of the pipeline which is currently estimated to be in 2022.

(c)Includes approximately $85 million of commitments to invest in technology investments through 2029.

(d)Includes approximately $480 million, $20 million, $20 million, $10 million, $10 million and $5 million for 2021 through 2025 and thereafter, respectively, of joint obligations of NEECH and NEER.