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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2013
Commitments and Contingencies [Abstract]  
Schedule of Planned Capital Expenditures
At March 31, 2013, estimated capital expenditures for the remainder of 2013 through 2017 were as follows:

 
Remainder of 2013
 
2014
 
2015
 
2016
 
2017
 
Total
 
(millions)
FPL:
 
 
 
 
 
 
 
 
 
 
 
Generation:(a)
 
 
 
 
 
 
 
 
 
 
 
New(b)(c)
$
585

 
$
760

 
$
250

 
$
175

 
$

 
$
1,770

Existing
525

 
685

 
650

 
555

 
530

 
2,945

Transmission and distribution
620

 
1,020

 
1,065

 
1,090

 
770

 
4,565

Nuclear fuel
225

 
140

 
210

 
220

 
225

 
1,020

General and other
150

 
150

 
105

 
120

 
115

 
640

Total(d)
$
2,105

 
$
2,755

 
$
2,280

 
$
2,160

 
$
1,640

 
$
10,940

NEER:
 

 
 

 
 

 
 

 
 

 
 

Wind(e)
$
205

 
$
45

 
$
5

 
$
5

 
$
5

 
$
265

Solar(f)
605

 
155

 
5

 

 

 
765

Nuclear(g)
225

 
275

 
250

 
330

 
285

 
1,365

Other(h)
200

 
45

 
115

 
50

 
50

 
460

Total
$
1,235

 
$
520

 
$
375

 
$
385

 
$
340

 
$
2,855

Corporate and Other
$
85

 
$
80

 
$
70

 
$
70

 
$
70

 
$
375

————————————
(a)
Includes allowance for funds used during construction (AFUDC) of approximately $56 million, $55 million, $46 million and $26 million in 2013 through 2016, respectively.
(b)
Includes land, generating structures, transmission interconnection and integration and licensing.
(c)
Consists of projects that have received FPSC approval.  Includes pre-construction costs and carrying charges (equal to a fixed pretax AFUDC rate) on construction costs recoverable through the capacity clause of approximately $27 million and $17 million in 2013 and 2014, respectively.  Excludes capital expenditures for the construction costs for the two additional nuclear units at FPL's Turkey Point site beyond what is required to receive an NRC license for each unit.  
(d)
FPL has identified $3 billion to $4 billion in potential incremental capital expenditures through 2016 in addition to what is included in the table above.
(e)
Consists of capital expenditures for new wind projects and related transmission totaling approximately 300 mw, including approximately 125 mw in Canada, that have received applicable internal approvals.  Excludes new Canadian wind projects requiring internal approvals with generation totaling approximately 470 mw in 2014 and 2015, with an estimated total cost of approximately $1.3 billion to $1.7 billion. NEER expects to add 500 to 1,500 mw of new U.S. wind generation through 2014 at a total cost of approximately $1 billion to $3 billion.
(f)
Consists of capital expenditures for new solar projects and related transmission totaling 645 mw that have received applicable internal approvals, including equity contributions associated with a 50% equity investment in a 550 mw solar project.  Excludes solar projects requiring internal approvals with generation totaling 250 mw with an estimated cost of approximately $600 million to $800 million. Additionally, NEER expects to add up to 300 mw of incremental solar generation at a cost of up to $1 billion through 2016.
(g)
Includes nuclear fuel.
(h)
Consists of capital expenditures that have received applicable internal approvals.  

Required capacity and/or minimum payments under contracts
The required capacity and/or minimum payments under the contracts discussed above as of March 31, 2013 were estimated as follows:

 
Remainder of 2013
 
2014
 
2015
 
2016
 
2017
 
Thereafter
 
(millions)
FPL:
 
 
 
 
 
 
 
 
 
 
 
Capacity charges:(a)
 
 
 
 
 
 
 
 
 
 
 
Qualifying facilities
$
210

 
$
285

 
$
290

 
$
250

 
$
255

 
$
2,225

JEA and Southern subsidiaries
$
170

 
$
215

 
$
195

 
$
70

 
$
50

 
$
10

Minimum charges, at projected prices:
 

 
 

 
 

 
 

 
 

 
 

Natural gas, including transportation and storage(b)
$
1,815

 
$
1,360

 
$
570

 
$
535

 
$
530

 
$
6,405

Coal(b)
$
70

 
$
35

 
$
5

 
$
5

 
$

 
$

NEER
$
640

 
$
365

 
$
125

 
$
115

 
$
65

 
$
580

Corporate and Other(c)
$
25

 
$
10

 
$
15

 
$
10

 
$
10

 
$
10

————————————
(a)
Capacity charges under these contracts, substantially all of which are recoverable through the capacity clause, totaled approximately $126 million and $133 million for the three months ended March 31, 2013 and 2012, respectively. Energy charges under these contracts, which are recoverable through the fuel clause, totaled approximately $23 million and $39 million for the three months ended March 31, 2013 and 2012, respectively.
(b)
Recoverable through the fuel clause.
(c)
Includes an approximately $68 million commitment to invest in clean power and technology businesses through 2021.