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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment consists of the following at December 31:

						NEE												FPL
						2024						2023						2024						2023
						(millions)
Electric plant in service and other property						$	151,677					$	139,049					$	87,596					$	79,801
Nuclear fuel						1,676						1,564						1,140						1,125
Construction work in progress						21,658						18,652						7,214						8,311
Property, plant and equipment, gross						175,011						159,265						95,950						89,237
Accumulated depreciation and amortization						(36,159)						(33,489)						(19,784)						(18,629)
Property, plant and equipment – net						$	138,852					$	125,776					$	76,166					$	70,608

Proportionate Ownership Interest In Jointly-Owned Facilities

NEE's and FPL's proportionate ownership interest in jointly-owned facilities is as follows:

			December 31, 2024
			Approximate Ownership Interest						Gross Investment(a)						Accumulated Depreciation(a)						Construction Work in Progress
									(millions)
FPL:
St. Lucie Unit No. 2			85		%				$	2,348					$	1,004					$	165
Scherer Unit No. 3			25		%				$	413					$	194					$	1
NEER:
Seabrook			88		%				$	1,434					$	556					$	111
Wyman Station Unit No. 4			91		%				$	36					$	15					$	—
Stanton			65		%				$	143					$	37					$	2
Transmission substation assets located in Seabrook, New Hampshire			88		%				$	168					$	27					$	1

______________________

(a)Excludes nuclear fuel.

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

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- Definition

Tabular disclosure of proportionate interests in jointly owned utility plants. Includes the amount of plants in service, the accumulated provision for depreciation (if available), the amount of plants under construction, and the proportionate share. The amounts presented may be further subdivided to show amounts applicable to plant subcategories (for example, production, transmission, distribution). Includes statements that the amounts represent the utility's share in each joint plant and that it must provide its own financing. Information concerning two or more generating plants on the same site may be combined. States that the utility's share of direct expenses of the joint plants is included in the corresponding operating expenses on its income statement (for example, fuel, maintenance of plant, other operating expense). If the share of direct expenses is charged to purchased power, then disclose the amount so charged and the proportionate amounts charged to specific operating expenses on the records maintained for the joint plants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 980
-SubTopic 360
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 10.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479070/980-360-S99-1

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