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Commitments and Contingencies (Tables) | 9 Months Ended
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Sep. 30, 2022
Commitments and Contingencies [Abstract] |
Schedule of Planned Capital Expenditures | At September 30, 2022, estimated capital expenditures, on an accrual basis, for the remainder of 2022 through 2026 were as follows:
| Remainder of 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | Total
| (millions)
FPL: |  |  |  |  |  |  |  |  |  |  |
Generation:(a) |  |  |  |  |  |  |  |  |  |  |
New(b) | $ | 985 |  |  | $ | 2,350 |  |  | $ | 2,180 |  |  | $ | 1,010 |  |  | $ | 1,045 |  |  | $ | 7,570 |
Existing | 770 |  | 1,655 |  | 1,255 |  | 1,330 |  | 1,670 |  | 6,680 |
Transmission and distribution(c) | 960 |  | 4,260 |  | 4,150 |  | 5,235 |  | 5,520 |  | 20,125 |
Nuclear fuel | 90 |  | 125 |  | 160 |  | 200 |  | 200 |  | 775 |
General and other | 290 |  | 675 |  | 655 |  | 615 |  | 660 |  | 2,895 |
Total | $ | 3,095 |  |  | $ | 9,065 |  |  | $ | 8,400 |  |  | $ | 8,390 |  |  | $ | 9,095 |  |  | $ | 38,045 |
NEER:(d) |  |  |  |  |  |  |  |  |  |  |
Wind(e) | $ | 780 |  |  | $ | 670 |  |  | $ | 375 |  |  | $ | 35 |  |  | $ | 30 |  |  | $ | 1,890 |
Solar(f) | 1,400 |  |  | 2,690 |  |  | 670 |  |  | 5 |  |  | — |  |  | 4,765 |
Battery storage | 190 |  |  | 540 |  |  | — |  |  | — |  |  | 5 |  |  | 735 |
Nuclear, including nuclear fuel | 95 |  |  | 170 |  |  | 215 |  |  | 220 |  |  | 230 |  |  | 930 |
Rate-regulated transmission | 55 |  |  | 150 |  |  | 65 |  |  | 45 |  |  | 10 |  |  | 325 |
Other | 135 |  |  | 390 |  |  | 155 |  |  | 100 |  |  | 85 |  |  | 865 |
Total | $ | 2,655 |  |  | $ | 4,610 |  |  | $ | 1,480 |  |  | $ | 405 |  |  | $ | 360 |  |  | $ | 9,510 |
——————————————— (a)Includes AFUDC of approximately $20 million, $90 million, $90 million, $45 million and $35 million for the remainder of 2022 through 2026, respectively. (b)Includes land, generation structures, transmission interconnection and integration and licensing. (c)Includes AFUDC of approximately $30 million, $60 million, $50 million, $30 million and $0 million for the remainder of 2022 through 2026, respectively. (d)Represents capital expenditures for which applicable internal approvals and also, if required, regulatory approvals have been received. (e)Consists of capital expenditures for new wind projects and repowering of existing wind projects totaling approximately 4,034 MW, and related transmission. (f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 5,842 MW and related transmission.
Required capacity and/or minimum payments under contracts | The required capacity and/or minimum payments under contracts, including those discussed above, at September 30, 2022 were estimated as follows:
| Remainder of 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | Thereafter
| (millions)
FPL(a) | $ | 270 |  |  | $ | 985 |  |  | $ | 950 |  |  | $ | 925 |  |  | $ | 915 |  |  | $ | 8,860 |
NEER(b)(c)(d) | $ | 1,160 |  |  | $ | 2,235 |  |  | $ | 585 |  |  | $ | 115 |  |  | $ | 80 |  |  | $ | 545 |
——————————————— (a)Includes approximately $105 million, $410 million, $410 million, $405 million, $400 million and $5,960 million for the remainder of 2022 through 2026 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. For the three and nine months ended September 30, 2022, the charges associated with these agreements totaled approximately $104 million and $314 million, respectively, of which $26 million and $77 million, respectively, were eliminated in consolidation at NEE. For the three and nine months ended September 30, 2021, the charges associated with these agreements totaled approximately $105 million and $314 million, respectively, of which $26 million and $79 million, respectively, were eliminated in consolidation at NEE. (b)Excludes commitments related to equity contributions and a 20-year natural gas transportation agreement (approximately $70 million per year) with a joint venture, in which NEER has a 31.9% equity investment, that is constructing a natural gas pipeline. These commitments are subject to the completion of construction of the pipeline which has a very low probability of completion. See Note 3 – Nonrecurring Fair Value Measurements. (c)Includes approximately $230 million of commitments to invest in technology and other investments through 2031. See Note 7 – Other. (d)Includes approximately $120 million, $710 million, $360 million, $65 million, $0 million and $5 million for the remainder of 2022 through 2026 and thereafter, 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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