Long-term debt consists of the following:



	December 31,
	2013			2012
	(millions)
FPL:
First mortgage bonds - maturing 2017 through 2042 - 2.75% to 6.20%	$	7,490		$	7,390
Storm-recovery bonds - maturing 2017 through 2021 - 5.0440% to 5.2555%^(a)	386			439
Pollution control, solid waste disposal and industrial development revenue bonds - maturing 2020 through 2029 - variable 0.07% and 0.16% weighted-average interest rates, respectively^(b)(c)	633			633
Other long-term debt maturing 2014 through 2040 - primarily variable, 0.66% and 0.66% weighted-average interest rates, respectively^(c)	355			355
Unamortized discount	(35		)	(35		)
Total long-term debt of FPL	8,829			8,782
Less current maturities of long-term debt	356			453
Long-term debt of FPL, excluding current maturities	8,473			8,329
NEECH:
Debentures - maturing 2015 through 2023 - 1.2% to 7 7/8%^(d)	2,550			2,800
Debentures, related to NEE's equity units - maturing 2014 through 2018 - 1.339% to 1.90%^(e)	2,503			2,003
Junior subordinated debentures - maturing 2044 through 2073 - 5.00% to 8.75%	3,353			3,253
Senior secured bonds - maturing 2030 - 7.500%^(f)	500			500
Japanese yen denominated senior notes - maturing 2030 - 5.1325%^(d)	95			115
Japanese yen denominated term loans - maturing 2014 - variable, 1.45% and 1.56% weighted-average interest rates, respectively^(c)(d)	419			508
Term loans - maturing 2014 through 2018 - primarily variable, 1.27% and 1.30% weighted-average interest rates, respectively^(c)	1,815			1,563
Fair value swaps (see Note 3)	4			75
Total long-term debt of NEECH	11,239			10,817
Less current maturities of long-term debt	1,469			1,575
Long-term debt of NEECH, excluding current maturities	9,770			9,242
NEER:
Senior secured limited-recourse bonds and notes - maturing 2017 through 2038 - 4.125% to 7.59%	2,523			2,483
Senior secured limited-recourse term loans - maturing 2015 through 2031 - primarily variable, 3.15% and 2.77% weighted-average interest rates, respectively^(c)(d)	3,874			2,617
Other long-term debt - maturing 2015 through 2030 - primarily variable, 3.45% and 2.83% weighted-average interest rates, respectively^(c)(d)(g)	808			836
Canadian revolving credit facilities - maturing 2014 and 2016 - variable, 2.33% and 2.33% weighted-average interest rates, respectively^(c)	472			413
Unamortized discount	(10		)	—
Total long-term debt of NEER	7,667			6,349
Less current maturities of long-term debt^(g)	1,941			743
Long-term debt of NEER, excluding current maturities	5,726			5,606
Total long-term debt	$	23,969		$	23,177

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(a)	Principal on the storm-recovery bonds is due on the final maturity date (the date by which the principal must be repaid to prevent a default) for each tranche, however, it is being paid semiannually and sequentially.

(b)

Tax exempt bonds that permit individual bond holders to tender the bonds for purchase at any time prior to maturity. In the event bonds are tendered for purchase, they would be remarketed by a designated remarketing agent in accordance with the related indenture. If the remarketing is unsuccessful, FPL would be required to purchase the tax exempt bonds. As of December 31, 2013, all tax exempt bonds tendered for purchase have been successfully remarketed. FPL's bank revolving line of credit facilities are available to support the purchase of tax exempt bonds.


(c)	Variable rate is based on an underlying index plus a margin except for in 2013 approximately $1.1 billion of NEER's senior secured limited-recourse term loans is based on the greater of an underlying index or a floor, plus a margin.


(d)	Interest rate contracts, primarily swaps, have been entered into for the majority of these debt issuances. See Note 3.


(e)	During 2013, the debentures maturing in 2015 and bearing interest at the rate of 1.90% were remarketed and the interest rate was reset to 1.339% per year. See discussion below.


(f)	Issued by a wholly-owned subsidiary of NEECH and collateralized by a third-party note receivable held by that subsidiary. See Note 4 - Fair Value of Financial Instruments Recorded at the Carrying Amount.


(g)	See Note 13 - Spain Solar Projects for discussion of events of default related to debt associated with the Spain solar projects.