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Commitments and Contingencies (Tables) | 3 Months Ended
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Mar. 31, 2021
Commitments and Contingencies [Abstract] |
Schedule of Planned Capital Expenditures | At March 31, 2021, estimated capital expenditures for the remainder of 2021 through 2025 for which applicable internal approvals (and also, if required, regulatory approvals such as FPSC approvals) have been received were as follows:
| Remainder of 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | Total
| (millions)
FPL Segment: |  |  |  |  |  |  |  |  |  |  |
Generation:(a) |  |  |  |  |  |  |  |  |  |  |
New(b) | $ | 640 |  |  | $ | 880 |  |  | $ | 1,030 |  |  | $ | 1,050 |  |  | $ | 760 |  |  | $ | 4,360 |
Existing | 880 |  | 1,155 |  | 1,005 |  | 945 |  | 695 |  | 4,680 |
Transmission and distribution(c) | 3,035 |  | 3,665 |  | 3,575 |  | 3,925 |  | 4,300 |  | 18,500 |
Nuclear fuel | 185 |  | 170 |  | 120 |  | 145 |  | 145 |  | 765 |
General and other | 600 |  | 760 |  | 750 |  | 645 |  | 795 |  | 3,550 |
Total | $ | 5,340 |  |  | $ | 6,630 |  |  | $ | 6,480 |  |  | $ | 6,710 |  |  | $ | 6,695 |  |  | $ | 31,855 |
Gulf Power | $ | 705 |  |  | $ | 695 |  |  | $ | 625 |  |  | $ | 685 |  |  | $ | 685 |  |  | $ | 3,395 |
NEER: |  |  |  |  |  |  |  |  |  |  |
Wind(d) | $ | 1,755 |  |  | $ | 75 |  |  | $ | 30 |  |  | $ | 30 |  |  | $ | 20 |  |  | $ | 1,910 |
Solar(e) | 1,445 |  |  | 660 |  |  | 190 |  |  | 10 |  |  | 10 |  |  | 2,315 |
Battery storage | 195 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 195 |
Nuclear, including nuclear fuel | 190 |  |  | 190 |  |  | 145 |  |  | 190 |  |  | 200 |  |  | 915 |
Natural gas pipelines(f) | 360 |  |  | 150 |  |  | 5 |  |  | — |  |  | — |  |  | 515 |
Rate-regulated transmission | 175 |  |  | 100 |  |  | 20 |  |  | 15 |  |  | 30 |  |  | 340 |
Other | 580 |  |  | 115 |  |  | 100 |  |  | 75 |  |  | 65 |  |  | 935 |
Total | $ | 4,700 |  |  | $ | 1,290 |  |  | $ | 490 |  |  | $ | 320 |  |  | $ | 325 |  |  | $ | 7,125 |
——————————————— (a)Includes AFUDC of approximately $60 million, $50 million, $35 million, $35 million and $25 million for the remainder of 2021 through 2025, respectively. (b)Includes land, generation structures, transmission interconnection and integration and licensing. (c)Includes AFUDC of approximately $40 million, $50 million, $40 million, $55 million and $45 million for the remainder of 2021 through 2025, respectively. (d)Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 2,509 MW. (e)Includes capital expenditures for new solar projects and related transmission totaling approximately 2,866 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 under contracts | The required capacity and/or minimum payments under contracts, including those discussed above, at March 31, 2021 were estimated as follows:
| Remainder of 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | Thereafter
| (millions)
FPL(a) | $ | 780 |  |  | $ | 970 |  |  | $ | 955 |  |  | $ | 940 |  |  | $ | 890 |  |  | $ | 9,365 |
NEER(b)(c)(d) | $ | 3,430 |  |  | $ | 955 |  |  | $ | 210 |  |  | $ | 210 |  |  | $ | 140 |  |  | $ | 1,785 |
——————————————— (a)Includes approximately $315 million, $415 million, $410 million, $410 million, $405 million and $6,360 million for the remainder of 2021 through 2025 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection. The charges associated with these agreements are recoverable through the fuel clause and totaled approximately $103 million and $79 million for the three months ended March 31, 2021 and 2020, respectively, of which $26 million and $27 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 $50 million of commitments to invest in technology investments through 2029. (d)Includes approximately $580 million, $10 million, $10 million, $10 million and $5 million for the remainder of 2021 through 2025, respectively, of joint obligations of NEECH and NEER.

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- Definition Tabular disclosure of key provisions of an arrangement under which the entity has agreed to purchase goods or services over a period of time greater than one year or the normal operating cycle, if longer, including the item for which expenditures will be made, minimum quantities, milestones, time period and committed amount. + References No definition available. + Details
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