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Summary of Significant Accounting and Reporting Policies (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment – Property, plant and equipment consists of the following:

			September 30, 2023						December 31, 2022
			(millions)
Property, plant and equipment, gross			$	18,172					$	17,039
Accumulated depreciation			(2,479)						(2,090)
Property, plant and equipment – net			$	15,693					$	14,949

Noncontrolling Interests

Noncontrolling Interest [Line Items]

Schedule of Noncontrolling Interest

Details of the activity in noncontrolling interests are below:

						Class B Noncontrolling Ownership Interests						Differential Membership Interests						NEE's Indirect Noncontrolling Ownership Interests(a)						Other Noncontrolling Ownership Interests						Total Noncontrolling Interests
Three months ended September 30, 2023						(millions)
Balances, June 30, 2023						$	4,722					$	4,300					$	840					$	1,108					$	10,970
Net income (loss) attributable to noncontrolling interests						84						(148)						114						29						79
Distributions, primarily to related parties						—						(1)						(109)						(17)						(127)
Differential membership investment contributions, net of distributions						—						85						—						—						85
Payments to Class B noncontrolling interest investors						(33)						—						—						—						(33)
Reclassification of redeemable noncontrolling interests						—						105						—						—						105
Exercise of Class B noncontrolling interest buyout right						(201)						—						—						—						(201)
Other						2						(1)						2						(4)						(1)
Balances, September 30, 2023						$	4,574					$	4,340					$	847					$	1,116					$	10,877
Nine months ended September 30, 2023
Balances, December 31, 2022						$	5,031					$	4,359					$	891					$	1,065					$	11,346
Acquisition of subsidiaries with differential membership interests						—						165						—						—						165
Acquisition of subsidiary with noncontrolling ownership interest						—						—						72						—						72
Net income (loss) attributable to noncontrolling interests						255						(506)						157						72						(22)
Distributions, primarily to related parties						—						—						(291)						(35)						(326)
Changes in non-economic ownership interests						—						—						—						11						11
Differential membership investment contributions, net of distributions						—						126						—						—						126
Payments to Class B noncontrolling interest investors						(122)						—						—						—						(122)
Sale of differential membership interest						—						92						—						—						92
Reclassification of redeemable noncontrolling interests						—						105						—						—						105
Exercise of Class B noncontrolling interest buyout right						(590)						—						—						—						(590)
Other						—						(1)						18						3						20
Balances, September 30, 2023						$	4,574					$	4,340					$	847					$	1,116					$	10,877

————————————

(a)Primarily reflects NEE Equity's noncontrolling interest in NEP OpCo and NEER's noncontrolling interests in Silver State, Sunlight Renewables Holdings and Emerald Breeze.

						Class B Noncontrolling Ownership Interests						Differential Membership Interests						NEE's Indirect Noncontrolling Ownership Interests(a)						Other Noncontrolling Ownership Interests						Total Noncontrolling Interests
Three months ended September 30, 2022						(millions)
Balances, June 30, 2022						$	4,225					$	3,069					$	403					$	1,042					$	8,739
Acquisition of subsidiary with differential membership interests						—						147						—						—						147
Acquisition of subsidiary with noncontrolling ownership interests						—						—						95						—						95
Net income (loss) attributable to noncontrolling interests						76						(115)						154						36						151
Distributions, primarily to related parties						—						—						(91)						(24)						(115)
Differential membership investment contributions, net of distributions						—						82						—						—						82
Payments to Class B noncontrolling interest investors						(41)						—						—						—						(41)
Reclassification of redeemable noncontrolling interests						—						93						—						—						93
Other						—						—						(1)						1						—
Balances, September 30, 2022						$	4,260					$	3,276					$	560					$	1,055					$	9,151
Nine months ended September 30, 2022
Balances, December 31, 2021						$	3,783					$	3,150					$	(38)					$	966					$	7,861
Sale of Class B noncontrolling interest – net(b)						408						—						—						—						408
Acquisition of subsidiary with differential membership interests						—						147						—						—						147
Acquisition of subsidiary with noncontrolling ownership interests						—						—						95						—						95
Related party note receivable						—						—						1						—						1
Net income (loss) attributable to noncontrolling interests						214						(431)						756						112						651
Other comprehensive income						—						—						1						—						1
Distributions, primarily to related parties						—						—						(251)						(31)						(282)
Changes in non-economic ownership interests, net of distributions						—						—						—						1						1
Differential membership investment contributions, net of distributions						—						106						—						—						106
Payments to Class B noncontrolling interest investors						(144)						—						—						—						(144)
Reclassification of redeemable noncontrolling interests						—						304						—						—						304
Other						(1)						—						(4)						7						2
Balances, September 30, 2022						$	4,260					$	3,276					$	560					$	1,055					$	9,151

————————————

(a)Primarily reflects NEE Equity's noncontrolling interest in NEP OpCo and NEER's noncontrolling interest in Silver State and Sunlight Renewables Holdings.

(b)Represents NEP Renewables III final funding.

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