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Debt (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Long-term debt issuances and borrowings | Significant long-term debt issuances and borrowings during the three months ended March 31, 2025 were as follows:
| Principal Amount |  | Interest Rate |  | Maturity Date |
| (millions) |  |  |  |  |
FPL: |  |  |  |  |  |  |  |  |  |
First mortgage bonds | $ | 2,000 |  |  | 5.30 | % | – | 5.80 | % |  | 2034 | – | 2065 |
NEECH: |  |  |  |  |  |  |  |  |  |
Debentures – fixed | $ | 4,500 |  |  | 4.85 | % | – | 5.90 | % |  | 2028 | – | 2055 |
Debentures – variable | $ | 500 |  |  | Variable | (a) | 2028
Junior subordinated debentures | $ | 2,500 |  |  | 6.38 | % | – | 6.50 | % | (b) | 2055
——————————————— (a)Variable rate is based on an underlying index plus a specified margin. (b)Two series of junior subordinated debentures were issued in February 2025 and will bear interest at the stated rates until August 15, 2030 and August 15, 2035, respectively, and thereafter will bear interest based on an underlying index plus a specified margin, reset every five years, provided that the interest rate will not reset below the respective initial interest rates.

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