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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2013
Commitments and Contingencies [Abstract]  
Schedule of Planned Capital Expenditures
At September 30, 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)
$
195

 
$
710

 
$
290

 
$
75

 
$

 
$
1,270

Existing
245

 
760

 
730

 
600

 
540

 
2,875

Transmission and distribution
235

 
1,205

 
1,105

 
1,070

 
795

 
4,410

Nuclear fuel
115

 
140

 
210

 
220

 
225

 
910

General and other
60

 
160

 
110

 
125

 
120

 
575

Total(d)
$
850

 
$
2,975

 
$
2,445

 
$
2,090

 
$
1,680

 
$
10,040

NEER:
 

 
 

 
 

 
 

 
 

 
 

Wind(e)
$
455

 
$
660

 
$
115

 
$
10

 
$
5

 
$
1,245

Solar(f)
130

 
455

 
825

 
530

 

 
1,940

Nuclear(g)
115

 
315

 
280

 
305

 
245

 
1,260

Other(h)
65

 
40

 
15

 
75

 
40

 
235

Total
$
765

 
$
1,470

 
$
1,235

 
$
920

 
$
290

 
$
4,680

Corporate and Other (i)
$
25

 
$
75

 
$
70

 
$
60

 
$
70

 
$
300

————————————
(a)
Includes allowance for funds used during construction (AFUDC) of approximately $19 million, $48 million, $57 million and $26 million for the remainder of 2013 through 2016, respectively.
(b)
Includes land, generating structures, transmission interconnection and integration and licensing.
(c)
Consists of projects that have received FPSC approval. 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 $1.5 billion to $2.5 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 710 MW, including approximately 385 MW in Canada, that have received applicable internal approvals.  Excludes new Canadian wind projects requiring internal approvals with generation totaling approximately 80 MW in 2014, with an estimated remaining cost of approximately $200 million.  NEER expects to add up to 1,500 MW of new U.S. wind generation through 2014 at a total cost of up to $3 billion.
(f)
Consists of capital expenditures for new solar projects and related transmission totaling 1,045 MW that have received applicable internal approvals, including equity contributions associated with a 50% equity investment in a 550 MW solar project.  Includes approximately $1.1 billion of estimated costs associated with the pending acquisition of a 250 MW solar project that is expected to close in early 2014, subject to certain conditions precedent, and complete construction in 2016.
(g)
Includes nuclear fuel.
(h)
Consists of capital expenditures that have received applicable internal approvals.
(i)
Excludes new natural gas pipeline system requiring certain external and internal approvals with an estimated total cost of approximately $1.6 billion.  See Part II, Item 5. (c)(i) in the Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2013 for NEE and FPL.

Required capacity and/or minimum payments under contracts
The required capacity and/or minimum payments under the contracts discussed above as of September 30, 2013 were estimated as follows:

 
Remainder of 2013
 
2014
 
2015
 
2016
 
2017
 
Thereafter
 
(millions)
FPL:
 
 
 
 
 
 
 
 
 
 
 
Capacity charges:(a)
 
 
 
 
 
 
 
 
 
 
 
Qualifying facilities
$
70

 
$
285

 
$
290

 
$
250

 
$
255

 
$
2,225

JEA and Southern subsidiaries
$
55

 
$
215

 
$
195

 
$
70

 
$
50

 
$
10

Minimum charges, at projected prices:
 

 
 

 
 

 
 

 
 

 
 

Natural gas, including transportation and storage(b)
$
475

 
$
1,535

 
$
570

 
$
535

 
$
530

 
$
6,400

Coal(b)
$
25

 
$
55

 
$
20

 
$
20

 
$

 
$

NEER
$
840

 
$
1,025

 
$
130

 
$
160

 
$
85

 
$
590

Corporate and Other(c)(d)
$
40

 
$
20

 
$
15

 
$
10

 
$
10

 
$
10

————————————
(a)
Capacity charges under these contracts, substantially all of which are recoverable through the capacity clause, totaled approximately $121 million and $129 million for the three months ended September 30, 2013 and 2012, respectively, and approximately $365 million and $391 million for the nine months ended September 30, 2013 and 2012, respectively.  Energy charges under these contracts, which are recoverable through the fuel clause, totaled approximately $93 million and $110 million for the three months ended September 30, 2013 and 2012, respectively, and approximately $202 million and $232 million for the nine months ended September 30, 2013 and 2012, respectively.
(b)
Recoverable through the fuel clause.
(c)
Includes an approximately $60 million commitment to invest in clean power and technology businesses through 2021.
(d)
Excludes approximately $360 million, in 2013, of joint obligations of NEECH and NEER which are included in the NEER amounts above.