Segment Information

12 Months Ended

Dec. 31, 2011

Segment Information [Abstract]

Segment Information

Segment Information

NEE's reportable segments are FPL, a rate-regulated electric utility, and NEER, a competitive energy business.  NEER's segment information includes an allocation of interest expense from NEECH based on a deemed capital structure of 70% debt and allocated shared service costs. Corporate and Other represents other business activities, other segments that are not separately reportable and eliminating entries.  NEE's operating revenues derived from the sale of electricity represented approximately 95%, 95% and 98% of NEE's operating revenues for the years ended December 31, 2011, 2010 and 2009.  Less than 1% of operating revenues were from foreign sources for each of the three years ended December 31, 2011, 2010 and 2009.  At December 31, 2011 and 2010, approximately 2% and 1%, respectively, of long-lived assets were located in foreign countries.

NEE's segment information is as follows:

	2011										2010										2009
	FPL		NEER(a)			Corp. and Other			Total		FPL		NEER(a)			Corp. and Other			Total		FPL		NEER(a)			Corp. and Other		Total
											(millions)
Operating revenues	$	10,613	$	4,502		$	226		$	15,341	$	10,485	$	4,636		$	196		$	15,317	$	11,491	$	3,997		$	155	$	15,643
Operating expenses(b)	$	8,537	$	3,233		$	193		$	11,963	$	8,636	$	3,286		$	152		$	12,074	$	9,910	$	3,024		$	115	$	13,049
Interest expense	$	387	$	530		$	118		$	1,035	$	361	$	515		$	103		$	979	$	318	$	460		$	71	$	849
Interest income	$	3	$	23		$	53		$	79	$	—	$	21		$	70		$	91	$	1	$	23		$	54	$	78
Depreciation and amortization	$	798	$	736		$	33		$	1,567	$	1,008	$	759		$	21		$	1,788	$	1,097	$	651		$	17	$	1,765
Equity in earnings of equity method investees	$	—	$	55		$	—		$	55	$	—	$	58		$	—		$	58	$	—	$	52		$	—	$	52
Income tax expense (benefit)(c)(d)	$	654	$	(24	)	$	(101	)	$	529	$	580	$	(11	)	$	(37	)	$	532	$	473	$	(158	)	$	12	$	327
Net income (loss)(b)(e)	$	1,068	$	774		$	81		$	1,923	$	945	$	980		$	32		$	1,957	$	831	$	759		$	25	$	1,615
Capital expenditures, independent power and other investments and nuclear fuel purchases	$	3,502	$	2,774		$	352		$	6,628	$	2,706	$	3,072		$	68		$	5,846	$	2,717	$	3,235		$	54	$	6,006
Property, plant and equipment	$	35,170	$	21,482		$	900		$	57,552	$	32,423	$	21,304		$	494		$	54,221	$	30,982	$	18,844		$	343	$	50,169
Accumulated depreciation and amortization	$	10,916	$	3,914		$	232		$	15,062	$	10,871	$	4,073		$	202		$	15,146	$	10,578	$	3,341		$	172	$	14,091
Total assets	$	31,816	$	23,459		$	1,913		$	57,188	$	28,698	$	22,389		$	1,907		$	52,994	$	26,812	$	20,136		$	1,510	$	48,458
Investment in equity method investees	$	—	$	193		$	9		$	202	$	—	$	217		$	10		$	227	$	—	$	173		$	10	$	183

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(a) Interest expense allocated from NEECH to NEER is based on a deemed capital structure of 70% debt.  For this purpose, the deferred credit associated with differential membership interests sold by NEER subsidiaries is included with debt.  Residual non-utility interest expense is included in Corporate and Other.

(b) In 2011, NEER includes impairment charges of approximately $51 million ($31 million after-tax).  See Note 4 - Nonrecurring Fair Value Measurements.

(c) NEER includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 - Income Taxes.

(d) In 2011, Corporate and Other includes state deferred income tax benefits of approximately $64 million, net of federal income taxes, related to state tax law changes and an income tax benefit of $41 million related to the dissolution of a subsidiary.

(e) In 2011, NEER and Corporate and Other include an after-tax loss on sale of natural gas-fired generating assets of $92 million and $6 million, respectively.  See Note 4 - Nonrecurring Fair Value Measurements.