XML 37 R17.htm IDEA: XBRL DOCUMENT
v3.25.2

Debt | 6 Months Ended
--- | ---
Jun. 30, 2025
Debt Disclosure [Abstract] |
Debt | Debt Significant long-term debt issuances and borrowings during the six months ended June 30, 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 – variable | $ | 2,500 |  |  | 6.38 | % | – | 6.50 | % | (b) | 2055 |
Junior subordinated debentures – fixed | $ | 875 |  |  | 6.50 | % |  | 2085
Australian dollar denominated subordinated notes(c) | $ | 506 |  |  | Variable | (d) | 2055
Canadian dollar denominated debentures(c) | $ | 1,463 |  |  | 3.83 | % | – | 4.67 | % |  | 2030 | – | 2035 |
——————————————— (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. (c)Foreign currency swaps have been entered into with respect to these debt issuances. See Note 2. (d)Two series of subordinated notes were issued in June 2025. One series will initially bear interest at 6.04% until June 17, 2030 and thereafter will bear interest based on an underlying index plus a specified margin. The second series will initially bear interest based on an underlying index plus a specified margin. Both series will have an interest rate adjustment on June 17, 2035 and June 17, 2050 based on an underlying index plus a specified margin.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration