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Summary of Significant Accounting and Reporting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Regulatory Assets | NEE's and FPL's regulatory assets and liabilities are as follows:
| NEE |  | FPL
| December 31, |  | December 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (millions)
Regulatory assets: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Early retirement of generation facilities and transmission assets(a) | $ | 162 |  |  | $ | 160 |  |  | $ | 162 |  |  | $ | 160 |
Deferred clause and franchise expenses(b) | 98 |  |  | 1,014 |  |  | 98 |  |  | 1,014 |
Storm restoration costs | 1,019 |  | (c) | 35 |  |  | 1,019 |  | (c) | 35 |
Other | 138 |  |  | 251 |  |  | 126 |  |  | 222 |
Total | $ | 1,417 |  |  | $ | 1,460 |  |  | $ | 1,405 |  |  | $ | 1,431 |
Noncurrent: |  |  |  |  |  |  |
Early retirement of generation facilities and transmission assets(a) | $ | 2,037 |  |  | $ | 2,166 |  |  | $ | 2,037 |  |  | $ | 2,166 |
Accrued asset removal costs(d) | 1,398 |  |  | 1,021 |  |  | 1,373 |  |  | 1,021 |
Other | 1,393 |  |  | 1,614 |  |  | 1,054 |  |  | 1,156 |
Total | $ | 4,828 |  |  | $ | 4,801 |  |  | $ | 4,464 |  |  | $ | 4,343 |
Regulatory liabilities: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Deferred clause revenues | $ | 224 |  |  | $ | 330 |  |  | $ | 224 |  |  | $ | 330 |
Other | 55 |  |  | 10 |  |  | 49 |  |  | 5 |
Total | $ | 279 |  |  | $ | 340 |  |  | $ | 273 |  |  | $ | 335 |
Noncurrent: |  |  |  |  |  |  |
Asset retirement obligation regulatory expense difference | $ | 4,809 |  |  | $ | 4,066 |  |  | $ | 4,809 |  |  | $ | 4,066 |
Accrued asset removal costs(d) | 745 |  |  | 701 |  |  | 698 |  |  | 660 |
Deferred taxes | 3,594 |  |  | 3,890 |  |  | 3,491 |  |  | 3,786 |
Other | 1,487 |  |  | 1,392 |  |  | 1,467 |  |  | 1,381 |
Total | $ | 10,635 |  |  | $ | 10,049 |  |  | $ | 10,465 |  |  | $ | 9,893 |
______________________ (a)The majority of these regulatory assets are being amortized over 20 years. (b)The majority of these regulatory assets are being amortized over a 21-month period that began April 2023. (c)The majority of these regulatory assets are being amortized over a 12-month period that began in January 2025. See Storm Funds, Storm Reserves and Storm Cost Recovery below. (d)See Electric Plant, Depreciation and Amortization below.
Schedule of Regulatory Liabilities | NEE's and FPL's regulatory assets and liabilities are as follows:
| NEE |  | FPL
| December 31, |  | December 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (millions)
Regulatory assets: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Early retirement of generation facilities and transmission assets(a) | $ | 162 |  |  | $ | 160 |  |  | $ | 162 |  |  | $ | 160 |
Deferred clause and franchise expenses(b) | 98 |  |  | 1,014 |  |  | 98 |  |  | 1,014 |
Storm restoration costs | 1,019 |  | (c) | 35 |  |  | 1,019 |  | (c) | 35 |
Other | 138 |  |  | 251 |  |  | 126 |  |  | 222 |
Total | $ | 1,417 |  |  | $ | 1,460 |  |  | $ | 1,405 |  |  | $ | 1,431 |
Noncurrent: |  |  |  |  |  |  |
Early retirement of generation facilities and transmission assets(a) | $ | 2,037 |  |  | $ | 2,166 |  |  | $ | 2,037 |  |  | $ | 2,166 |
Accrued asset removal costs(d) | 1,398 |  |  | 1,021 |  |  | 1,373 |  |  | 1,021 |
Other | 1,393 |  |  | 1,614 |  |  | 1,054 |  |  | 1,156 |
Total | $ | 4,828 |  |  | $ | 4,801 |  |  | $ | 4,464 |  |  | $ | 4,343 |
Regulatory liabilities: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Deferred clause revenues | $ | 224 |  |  | $ | 330 |  |  | $ | 224 |  |  | $ | 330 |
Other | 55 |  |  | 10 |  |  | 49 |  |  | 5 |
Total | $ | 279 |  |  | $ | 340 |  |  | $ | 273 |  |  | $ | 335 |
Noncurrent: |  |  |  |  |  |  |
Asset retirement obligation regulatory expense difference | $ | 4,809 |  |  | $ | 4,066 |  |  | $ | 4,809 |  |  | $ | 4,066 |
Accrued asset removal costs(d) | 745 |  |  | 701 |  |  | 698 |  |  | 660 |
Deferred taxes | 3,594 |  |  | 3,890 |  |  | 3,491 |  |  | 3,786 |
Other | 1,487 |  |  | 1,392 |  |  | 1,467 |  |  | 1,381 |
Total | $ | 10,635 |  |  | $ | 10,049 |  |  | $ | 10,465 |  |  | $ | 9,893 |
______________________ (a)The majority of these regulatory assets are being amortized over 20 years. (b)The majority of these regulatory assets are being amortized over a 21-month period that began April 2023. (c)The majority of these regulatory assets are being amortized over a 12-month period that began in January 2025. See Storm Funds, Storm Reserves and Storm Cost Recovery below. (d)See Electric Plant, Depreciation and Amortization below.
Schedule of Goodwill and Other Intangible Assets | NEE's goodwill and other intangible assets are as follows:
| Weighted- Average Useful Lives |  | December 31,
|  | 2024 |  | 2023
| (years) |  | (millions)
Goodwill (by reporting unit): |  |  |  |  |
FPL segment, primarily rate-regulated utilities |  |  | $ | 2,965 |  |  | $ | 2,965 |
NEER segment: |  |  |  |  |
Rate-regulated assets, primarily transmission |  |  | 1,167 |  |  | 1,218 |
Gas infrastructure(a) |  |  | — |  |  | 487 |
Clean energy assets |  |  | 424 |  |  | 315 |
Customer supply |  |  | 299 |  |  | 95 |
Corporate and Other |  |  | 11 |  |  | 11 |
Total goodwill |  |  | $ | 4,866 |  |  | $ | 5,091 |
Other intangible assets not subject to amortization, primarily land easements |  |  | $ | 137 |  |  | $ | 136 |
Other intangible assets subject to amortization: |  |  |  |  |
Purchased power agreements (see Note 6) | 17 |  | $ | 633 |  |  | $ | 988 |
Biogas rights agreements (see Note 6) | 28 |  | 933 |  |  | 531 |
Other, primarily transportation contracts and customer lists | 19 |  | 214 |  |  | 187 |
Total |  |  | 1,780 |  |  | 1,706 |
Accumulated amortization |  |  | (202) |  |  | (150) |
Total other intangible assets subject to amortization – net |  |  | $ | 1,578 |  |  | $ | 1,556 |
______________________ (a)During the fourth quarter of 2024, as a result of selling ownership interests in certain natural gas and oil shale formations and in certain natural gas pipeline facilities (see Disposal of Businesses/Assets below), NEER reassessed and changed its reporting unit structure to no longer report gas infrastructure as a separate reporting unit.
Supplier Finance Program | A rollforward of NEE's structured payables is as follows:
| December 31, |
| 2024 |
| (millions) |
Obligations outstanding at the beginning of the year | $ | 4,701 |  |
Invoices added to the program | 6,363 |  |
Invoices paid | (7,076) |  |
Obligations outstanding at the end of the year | $ | 3,988 |  |

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