XML 60 R33.htm IDEA: XBRL DOCUMENT
v3.24.2

Commitments and Contingencies (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Commitments and Contingencies [Abstract] |
Schedule of Planned Capital Expenditures | At June 30, 2024, estimated capital expenditures, on an accrual basis, for the remainder of 2024 through 2028 were as follows:
| Remainder of 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Total
| (millions)
FPL: |  |  |  |  |  |  |  |  |  |  |
Generation:(a) |  |  |  |  |  |  |  |  |  |  |
New(b) | $ | 850 |  |  | $ | 3,180 |  |  | $ | 4,195 |  |  | $ | 3,760 |  |  | $ | 3,645 |  |  | $ | 15,630 |
Existing | 375 |  | 730 |  | 855 |  | 1,220 |  | 1,225 |  | 4,405 |
Transmission and distribution(c) | 2,115 |  | 2,740 |  | 2,845 |  | 3,910 |  | 4,040 |  | 15,650 |
Nuclear fuel | 55 |  | 205 |  | 300 |  | 305 |  | 390 |  | 1,255 |
General and other | 385 |  | 695 |  | 810 |  | 615 |  | 540 |  | 3,045 |
Total | $ | 3,780 |  |  | $ | 7,550 |  |  | $ | 9,005 |  |  | $ | 9,810 |  |  | $ | 9,840 |  |  | $ | 39,985 |
NEER:(d) |  |  |  |  |  |  |  |  |  |  |
Wind(e) | $ | 1,785 |  |  | $ | 1,280 |  |  | $ | 770 |  |  | $ | 65 |  |  | $ | 55 |  |  | $ | 3,955 |
Solar(f) | 2,435 |  |  | 2,685 |  |  | 1,330 |  |  | 1,465 |  |  | — |  |  | 7,915 |
Other clean energy(g) | 1,500 |  |  | 1,575 |  |  | 890 |  |  | 750 |  |  | 35 |  |  | 4,750 |
Nuclear, including nuclear fuel | 130 |  |  | 440 |  |  | 320 |  |  | 405 |  |  | 340 |  |  | 1,635 |
Rate-regulated transmission(h) | 475 |  |  | 1,165 |  |  | 955 |  |  | 780 |  |  | 610 |  |  | 3,985 |
Other | 500 |  |  | 295 |  |  | 235 |  |  | 275 |  |  | 250 |  |  | 1,555 |
Total | $ | 6,825 |  |  | $ | 7,440 |  |  | $ | 4,500 |  |  | $ | 3,740 |  |  | $ | 1,290 |  |  | $ | 23,795 |
——————————————— (a)Includes AFUDC of approximately $70 million, $125 million, $180 million, $175 million and $180 million for the remainder of 2024 through 2028, respectively. (b)Includes land, generation structures, transmission interconnection and integration and licensing. (c)Includes AFUDC of approximately $60 million, $90 million, $100 million, $90 million and $65 million for the remainder of 2024 through 2028, 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 2,765 MW, and related transmission. (f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 7,723 MW and related transmission. (g)Includes capital expenditures primarily for battery storage projects and renewable fuels projects. (h)Includes AFUDC of approximately $20 million, $60 million, $115 million, $70 million and $5 million for the remainder of 2024 through 2028, respectively.
Required capacity and/or minimum payments under contracts | The required capacity and/or minimum payments under contracts, including those discussed above, at June 30, 2024 were estimated as follows:
| Remainder of 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter
| (millions)
FPL(a) | $ | 565 |  |  | $ | 1,130 |  |  | $ | 1,140 |  |  | $ | 1,035 |  |  | $ | 985 |  |  | $ | 8,025 |
NEER(b)(c)(d) | $ | 4,395 |  |  | $ | 2,110 |  |  | $ | 320 |  |  | $ | 210 |  |  | $ | 150 |  |  | $ | 1,380 |
——————————————— (a)Includes approximately $205 million, $405 million, $400 million, $400 million, $400 million and $5,160 million for the remainder of 2024 through 2028 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 six months ended June 30, 2024, the charges associated with these agreements totaled approximately $102 million and $203 million, respectively, of which $24 million and $48 million, respectively, were eliminated in consolidation at NEE. For the three and six months ended June 30, 2023, the charges associated with these agreements totaled approximately $108 million and $210 million, respectively, of which $25 million and $49 million, respectively, were eliminated in consolidation at NEE. (b)Includes a 20-year natural gas transportation agreement (approximately $35 million per year) with Mountain Valley Pipeline, a joint venture in which NEER has a 33.2% equity investment. The natural gas pipeline completed construction in June 2024 and the transportation agreement commitments commenced in July 2024. (c)Includes approximately $205 million of commitments to invest in technology and other investments through 2031. See Note 7 – Other. (d)Includes approximately $1,090 million and $930 million for the remainder of 2024 and 2025, respectively, of joint obligations of NEECH and NEER.

X
- Definition Commitments and Contingencies [Abstract] + References No definition available. + Details
Name: | nee_CommitmentsAndContingenciesAbstract
Namespace Prefix: | nee_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of estimated planned capital expenditures for future periods. + References No definition available. + Details
Name: | nee_PlannedCapitalExpendituresTableTextBlock
Namespace Prefix: | nee_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LongTermPurchaseCommitmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration