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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Planned Capital Expenditures | At December 31, 2023, estimated capital expenditures, on an accrual basis, for 2024 through 2028 were as follows:
| 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Total
| (millions)
FPL: |  |  |  |  |  |  |  |  |  |  |
Generation:(a) |  |  |  |  |  |  |  |  |  |  |
New(b) | $ | 2,175 |  |  | $ | 3,015 |  |  | $ | 3,785 |  |  | $ | 3,400 |  |  | $ | 3,020 |  |  | $ | 15,395 |
Existing | 885 |  |  | 730 |  |  | 855 |  |  | 1,220 |  |  | 1,400 |  |  | 5,090 |
Transmission and distribution(c) | 3,770 |  |  | 2,905 |  |  | 3,250 |  |  | 4,270 |  |  | 4,495 |  |  | 18,690 |
Nuclear fuel | 150 |  |  | 205 |  |  | 300 |  |  | 305 |  |  | 390 |  |  | 1,350 |
General and other | 590 |  |  | 695 |  |  | 810 |  |  | 615 |  |  | 540 |  |  | 3,250 |
Total | $ | 7,570 |  |  | $ | 7,550 |  |  | $ | 9,000 |  |  | $ | 9,810 |  |  | $ | 9,845 |  |  | $ | 43,775 |
NEER:(d) |  |  |  |  |  |  |  |  |  |  |
Wind(e) | $ | 2,820 |  |  | $ | 545 |  |  | $ | 60 |  |  | $ | 70 |  |  | $ | 50 |  |  | $ | 3,545 |
Solar(f) | 3,270 |  |  | 1,370 |  |  | 10 |  |  | 5 |  |  | 5 |  |  | 4,660 |
Other clean energy(g) | 1,625 |  |  | 620 |  |  | 55 |  |  | 45 |  |  | 20 |  |  | 2,365 |
Nuclear, including nuclear fuel | 295 |  |  | 270 |  |  | 255 |  |  | 380 |  |  | 315 |  |  | 1,515 |
Rate-regulated transmission(h) | 765 |  |  | 1,215 |  |  | 890 |  |  | 705 |  |  | 395 |  |  | 3,970 |
Other(i) | 1,060 |  |  | 400 |  |  | 300 |  |  | 260 |  |  | 225 |  |  | 2,245 |
Total | $ | 9,835 |  |  | $ | 4,420 |  |  | $ | 1,570 |  |  | $ | 1,465 |  |  | $ | 1,010 |  |  | $ | 18,300 |
______________________ (a)Includes AFUDC of approximately $135 million, $115 million, $165 million, $160 million and $145 million for 2024 through 2028, respectively. (b)Includes land, generation structures, transmission interconnection and integration and licensing. (c)Includes AFUDC of approximately $95 million, $90 million, $100 million, $90 million and $65 million for 2023 through 2027, 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 2,621 MW, and related transmission. (f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 6,134 MW and related transmission. (g)Includes capital expenditures primarily for battery storage projects and renewable fuels projects. (h)Includes AFUDC of approximately $30 million, $70 million, $145 million, $105 million and $65 million for 2024 through 2028, respectively. (i)Includes equity contributions in 2024 for the construction of Mountain Valley Pipeline.
Required Capacity and/or Minimum Payments | The required capacity and/or minimum payments under contracts, including those discussed above at December 31, 2023, were estimated as follows:
| 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter
| (millions)
FPL(a) | $ | 1,100 |  |  | $ | 1,110 |  |  | $ | 1,110 |  |  | $ | 1,005 |  |  | $ | 955 |  |  | $ | 7,830 |
NEER(b)(c)(d) | $ | 4,825 |  |  | $ | 565 |  |  | $ | 255 |  |  | $ | 240 |  |  | $ | 115 |  |  | $ | 1,970 |
_______________________ (a)Includes approximately $410 million, $405 million, $400 million, $400 million, $400 million and $5,160 million in 2024 through 2028 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 $417 million, $418 million and $419 million for the years ended December 31, 2023, 2022 and 2021, respectively, of which $99 million, $102 million and $105 million, respectively, were eliminated in consolidation at NEE. (b)Includes equity contributions in 2024 and a 20-year natural gas transportation agreement (approximately $70 million per year) with Mountain Valley Pipeline, a joint venture, in which NEER has a 32.8% equity investment, that is constructing a natural gas pipeline. The transportation agreement commitments are subject to the completion of construction. (c)Includes approximately $230 million of commitments to invest in technology and other investments through 2031. See Note 9 – Other. (d)Includes approximately $1,065 million, $40 million and $5 million for 2024 through 2026, respectively, of joint obligations of NEECH and NEER.

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