CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $) In Millions, unless otherwise specified	Mar. 31, 2012		Dec. 31, 2011
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$ 51,485		$ 50,768
Nuclear fuel	1,889		1,795
Construction work in progress	5,887		4,989
Less accumulated depreciation and amortization	(15,293)		(15,062)
Total property, plant and equipment - net	43,968		42,490
CURRENT ASSETS
Cash and cash equivalents	275		377
Customer receivables, net of allowances	1,262		1,372
Other receivables	575		430
Materials, supplies and fossil fuel inventory	1,092		1,074
Regulatory assets:
Deferred clause and franchise expenses	89		112
Derivatives	590		502
Other	89		84
Derivatives	858		611
Other	264		310
Total current assets	5,094		4,872
OTHER ASSETS
Special use funds	4,104		3,867
Other investments	937		907
Prepaid benefit costs	1,041		1,021
Regulatory assets:
Securitized storm-recovery costs	504		517
Other	625		621
Derivatives	1,067	[1]	973	[1]
Other	1,867		1,920
Total other assets	10,145		9,826
TOTAL ASSETS	59,207		57,188
CAPITALIZATION
Common stock	4		4
Additional paid-in capital	5,224		5,217
Retained earnings	10,089		9,876
Accumulated other comprehensive income	(94)		(154)
Total common shareholders' equity	15,223		14,943
Long-term debt	20,582		20,810
Total capitalization	35,805		35,753
CURRENT LIABILITIES
Commercial paper	1,739		1,349
Short-term Debt	191		0
Current maturities of long-term debt	1,458		808
Accounts payable	1,073		1,191
Customer deposits	528		547
Accrued interest and taxes	501		464
Derivatives	1,347	[2]	1,090	[2]
Accrued construction-related expenditures	484		518
Other	684		752
Total current liabilities	8,005		6,719
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1,634		1,611
Accumulated deferred income taxes	5,813		5,681
Regulatory liabilities:
Accrued asset removal costs	2,120		2,197
Asset retirement obligation regulatory expense difference	1,763		1,640
Other	457		419
Derivatives	690	[3]	541	[3]
Deferral related to differential membership interests - VIEs	1,479		1,203
Other	1,441		1,424
Total other liabilities and deferred credits	15,397		14,716
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	59,207		57,188
FLORIDA POWER & LIGHT COMPANY
ELECTRIC UTILITY PLANT
Plant in service	31,702		31,564
Nuclear fuel	1,084		1,005
Construction work in progress	3,356		2,601
Less accumulated depreciation and amortization	(10,925)		(10,916)
Electric utility plant - net	25,217		24,254
CURRENT ASSETS
Cash and cash equivalents	16		36
Customer receivables, net of allowances	634		682
Other receivables	422		312
Materials, supplies and fossil fuel inventory	781		759
Regulatory assets:
Deferred clause and franchise expenses	89		112
Derivatives	590		502
Other	82		80
Other	121		166
Total current assets	2,735		2,649
OTHER ASSETS
Special use funds	2,884		2,737
Prepaid benefit costs	1,100		1,088
Regulatory assets:
Securitized storm-recovery costs	504		517
Other	374		395
Other	182		176
Total other assets	5,044		4,913
TOTAL ASSETS	32,996		31,816
CAPITALIZATION
Common stock	1,373		1,373
Additional paid-in capital	5,503		5,464
Retained earnings	4,253		4,013
Total common shareholders' equity	11,129		10,850
Long-term debt	7,056		7,483
Total capitalization	18,185		18,333
CURRENT LIABILITIES
Commercial paper	837		330
Current maturities of long-term debt	451		50
Accounts payable	646		678
Customer deposits	522		541
Accrued interest and taxes	292		221
Derivatives	607		512
Accrued construction-related expenditures	282		261
Other	330		373
Total current liabilities	3,967		2,966
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations	1,160		1,144
Accumulated deferred income taxes	4,849		4,593
Regulatory liabilities:
Accrued asset removal costs	2,120		2,197
Asset retirement obligation regulatory expense difference	1,763		1,640
Other	409		416
Other	543		527
Total other liabilities and deferred credits	10,844		10,517
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$ 32,996		$ 31,816

[1] At March 31, 2012 and December 31, 2011, NEE's balances reflect the netting of approximately $160 million and $109 million (none at FPL), respectively, in margin cash collateral received from counterparties.

[2] At March 31, 2012 and December 31, 2011, NEE's balances reflect the netting of approximately $114 million and $112 million (none at FPL), respectively, in margin cash collateral provided to counterparties.

[3] At March 31, 2012 and December 31, 2011, NEE's balances reflect the netting of approximately $56 million and $79 million (none at FPL), respectively, in margin cash collateral provided to counterparties.