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Commitments and Contingencies (Tables) | 9 Months Ended
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Sep. 30, 2024
Commitments and Contingencies [Abstract] |
Schedule of Planned Capital Expenditures | At September 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) | $ | 605 |  |  | $ | 3,180 |  |  | $ | 4,190 |  |  | $ | 3,760 |  |  | $ | 3,645 |  |  | $ | 15,380 |
Existing | 275 |  | 730 |  | 855 |  | 1,220 |  | 1,225 |  | 4,305 |
Transmission and distribution(c) | 1,140 |  | 2,740 |  | 2,845 |  | 3,910 |  | 4,040 |  | 14,675 |
Nuclear fuel | 45 |  | 205 |  | 300 |  | 305 |  | 395 |  | 1,250 |
General and other | 240 |  | 695 |  | 810 |  | 615 |  | 540 |  | 2,900 |
Total | $ | 2,305 |  |  | $ | 7,550 |  |  | $ | 9,000 |  |  | $ | 9,810 |  |  | $ | 9,845 |  |  | $ | 38,510 |
NEER:(d) |  |  |  |  |  |  |  |  |  |  |
Wind(e) | $ | 675 |  |  | $ | 1,320 |  |  | $ | 790 |  |  | $ | 65 |  |  | $ | 55 |  |  | $ | 2,905 |
Solar(f) | 1,335 |  |  | 3,110 |  |  | 1,730 |  |  | 990 |  |  | — |  |  | 7,165 |
Other clean energy(g) | 1,005 |  |  | 1,910 |  |  | 1,110 |  |  | 745 |  |  | 25 |  |  | 4,795 |
Nuclear, including nuclear fuel | 135 |  |  | 430 |  |  | 325 |  |  | 385 |  |  | 350 |  |  | 1,625 |
Rate-regulated transmission(h) | 220 |  |  | 1,140 |  |  | 850 |  |  | 650 |  |  | 400 |  |  | 3,260 |
Other | 155 |  |  | 445 |  |  | 240 |  |  | 240 |  |  | 275 |  |  | 1,355 |
Total | $ | 3,525 |  |  | $ | 8,355 |  |  | $ | 5,045 |  |  | $ | 3,075 |  |  | $ | 1,105 |  |  | $ | 21,105 |
——————————————— (a)Includes AFUDC of approximately $35 million, $125 million, $185 million, $180 million and $185 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 $30 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 2,665 MW, and related transmission. (f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 7,542 MW and related transmission. (g)Includes capital expenditures primarily for battery storage projects and renewable fuels projects. (h)Includes AFUDC of approximately $5 million, $15 million, $20 million, $25 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 September 30, 2024 were estimated as follows:
| Remainder of 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter
| (millions)
FPL(a) | $ | 285 |  |  | $ | 1,140 |  |  | $ | 1,145 |  |  | $ | 1,040 |  |  | $ | 990 |  |  | $ | 8,025 |
NEER(b)(c) | $ | 2,790 |  |  | $ | 2,270 |  |  | $ | 490 |  |  | $ | 205 |  |  | $ | 120 |  |  | $ | 485 |
——————————————— (a)Includes approximately $100 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 nine months ended September 30, 2024, the charges associated with these agreements totaled approximately $103 million and $306 million, respectively, of which $24 million and $72 million, respectively, were eliminated in consolidation at NEE. For the three and nine months ended September 30, 2023, the charges associated with these agreements totaled approximately $104 million and $314 million, respectively, of which $25 million and $74 million, respectively, were eliminated in consolidation at NEE. (b)Includes approximately $190 million of commitments to invest in technology and other investments through 2031. See Note 7 – Other. (c)Includes approximately $345 million, $620 million and $190 million for the remainder of 2024, 2025 and 2026, 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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