XML 38 R70.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt (Details) (USD $)
1 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 0 Months Ended 2 Months Ended
Nov. 30, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
FPL [Member]
Dec. 31, 2012
FPL [Member]
Dec. 31, 2013
FPL [Member]
First mortgage bonds - maturing 2017 through 2042 - 2.75% to 6.20%
Dec. 31, 2012
FPL [Member]
First mortgage bonds - maturing 2017 through 2042 - 2.75% to 6.20%
Dec. 31, 2013
FPL [Member]
Storm-recovery bonds - maturing 2017 through 2021 - 5.0440% to 5.2555%
Dec. 31, 2012
FPL [Member]
Storm-recovery bonds - maturing 2017 through 2021 - 5.0440% to 5.2555%
Dec. 31, 2013
FPL [Member]
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
Dec. 31, 2012
FPL [Member]
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
Dec. 31, 2013
FPL [Member]
Other long-term debt [Member]
Dec. 31, 2012
FPL [Member]
Other long-term debt [Member]
Dec. 31, 2013
Capital Holdings [Member]
Dec. 31, 2012
Capital Holdings [Member]
Dec. 31, 2013
Capital Holdings [Member]
Debentures - maturing 2015 through 2023 - 1.2% to 7 7/8%
Dec. 31, 2012
Capital Holdings [Member]
Debentures - maturing 2015 through 2023 - 1.2% to 7 7/8%
Dec. 31, 2013
Capital Holdings [Member]
Debentures, related to NEE's equity units - maturing 2014 through 2018 - 1.339% to 1.90%
Dec. 31, 2012
Capital Holdings [Member]
Debentures, related to NEE's equity units - maturing 2014 through 2018 - 1.339% to 1.90%
Dec. 31, 2013
Capital Holdings [Member]
Junior subordinated debentures - maturing 2044 through 2073 - 5.00% to 8.75%
Dec. 31, 2012
Capital Holdings [Member]
Junior subordinated debentures - maturing 2044 through 2073 - 5.00% to 8.75%
Dec. 31, 2013
Capital Holdings [Member]
Senior secured bonds - maturing 2030 - 7.500%
Dec. 31, 2012
Capital Holdings [Member]
Senior secured bonds - maturing 2030 - 7.500%
Dec. 31, 2013
Capital Holdings [Member]
Japanese yen denominated senior notes - maturing 2030 - 5.1325%
Dec. 31, 2012
Capital Holdings [Member]
Japanese yen denominated senior notes - maturing 2030 - 5.1325%
Dec. 31, 2013
Capital Holdings [Member]
Japanese yen denominated term loans - maturing 2014 - variable, 1.45% and 1.56% weighted-average interest rate, respectively
Dec. 31, 2012
Capital Holdings [Member]
Japanese yen denominated term loans - maturing 2014 - variable, 1.45% and 1.56% weighted-average interest rate, respectively
Dec. 31, 2013
Capital Holdings [Member]
Term loans - maturing 2014 through 2018 - primarily variable, 1.27% and 1.30% weighted-average interest rate, respectively
Dec. 31, 2012
Capital Holdings [Member]
Term loans - maturing 2014 through 2018 - primarily variable, 1.27% and 1.30% weighted-average interest rate, respectively
Dec. 31, 2013
Capital Holdings [Member]
Fair value swaps (see Note 3)
Dec. 31, 2012
Capital Holdings [Member]
Fair value swaps (see Note 3)
Dec. 31, 2013
NEER [Member]
Dec. 31, 2012
NEER [Member]
Dec. 31, 2013
NEER [Member]
Senior secured limited-recourse bonds and notes - maturing 2017 through 2038 - 4.125% to 7.59%
Dec. 31, 2012
NEER [Member]
Senior secured limited-recourse bonds and notes - maturing 2017 through 2038 - 4.125% to 7.59%
Dec. 31, 2013
NEER [Member]
Senior secured limited-recourse term loans - maturing 2015 through 2031 - primarily variable, 3.15% and 2.77% weighted-average interest rate, respectively
Dec. 31, 2012
NEER [Member]
Senior secured limited-recourse term loans - maturing 2015 through 2031 - primarily variable, 3.15% and 2.77% weighted-average interest rate, respectively
Dec. 31, 2013
NEER [Member]
Senior secured limited-recourse term loans - maturing 2015 through 2031 - primarily variable, 3.15% and 2.77% weighted-average interest rate, respectively
Great of Underlying Index or Floor, Plus a Margin [Member]
Dec. 31, 2013
NEER [Member]
Other long-term debt [Member]
Dec. 31, 2012
NEER [Member]
Other long-term debt [Member]
Dec. 31, 2013
NEER [Member]
Canadian revolving credit facilities - maturing 2014 and 2016 - variable, 2.33% and 2.33% weighted-average interest rate, respectively
Dec. 31, 2012
NEER [Member]
Canadian revolving credit facilities - maturing 2014 and 2016 - variable, 2.33% and 2.33% weighted-average interest rate, respectively
Jun. 01, 2012
NEE Equity Units 2009 [Member]
May 31, 2012
NEE Equity Units 2009 [Member]
Sep. 30, 2013
NEE Equity Units 2010 [Member]
Aug. 31, 2013
NEE Equity Units 2010 [Member]
Sep. 30, 2012
NEE Equity Units 2012 [Member]
May 31, 2012
NEE Equity Units 2012 [Member]
Sep. 30, 2013
NEE Equity Units 2013 [Member]
Dec. 31, 2013
Letter of Credit [Member]
Dec. 31, 2013
Letter of Credit [Member]
FPL [Member]
Dec. 31, 2013
Letter of Credit [Member]
Capital Holdings [Member]
Debt Instrument [Line Items]                                                                                                        
Rate of interest on debentures before remarketing                                                                                           1.90%            
Rate of interest on debentures after remarketing                                                                                       1.611%   1.339%            
Interest rate terms           fixed fixed fixed fixed variable variable variable variable     fixed fixed fixed fixed fixed fixed fixed fixed fixed fixed variable variable variable variable         fixed fixed variable variable   variable variable variable variable                    
Interest rate, low range (in hundredths)           2.75% 2.75% 5.044% 5.044%             1.20% 1.20% 1.339% 1.339% 5.00% 5.00%                         4.125% 4.125%                                  
Interest rate, high range (in hundredths)           6.20% 6.20% 5.2555% 5.2555%             7.88% 7.88% 1.90% 1.90% 8.75% 8.75%                         7.59% 7.59%                                  
Interest rate (in hundredths)                                           7.50% 7.50% 5.1325% 5.1325%                                           1.60% 1.70% 1.45%      
Weighted-average interest rate (in hundredths)                   0.07% 0.16% 0.66% 0.66%                         1.45% 1.56% 1.27% 1.30%             3.15% 2.77%   3.45% 2.83% 2.33% 2.33%                    
Long-term debt, gross           $ 7,490,000,000 $ 7,390,000,000 $ 386,000,000 [1] $ 439,000,000 [1] $ 633,000,000 [2],[3] $ 633,000,000 [2],[3] $ 355,000,000 [2] $ 355,000,000 [2]     $ 2,550,000,000 [4] $ 2,800,000,000 [4] $ 2,503,000,000 [5] $ 2,003,000,000 [5] $ 3,353,000,000 $ 3,253,000,000 $ 500,000,000 [6] $ 500,000,000 [6] $ 95,000,000 [4] $ 115,000,000 [4] $ 419,000,000 [2],[4] $ 508,000,000 [2],[4] $ 1,815,000,000 [2] $ 1,563,000,000 [2] $ 4,000,000 $ 75,000,000     $ 2,523,000,000 $ 2,483,000,000 $ 3,874,000,000 [2],[4] $ 2,617,000,000 [2],[4] $ 1,100,000,000 $ 808,000,000 [2],[4],[7] $ 836,000,000 [2],[4],[7] $ 472,000,000 [2] $ 413,000,000 [2]                    
Unamortized discount       (35,000,000) (35,000,000)                                                     (10,000,000) 0                                      
Total long-term debt       8,829,000,000 8,782,000,000                 11,239,000,000 10,817,000,000                                 7,667,000,000 6,349,000,000                                      
Less current maturities of long-term debt   3,766,000,000 2,771,000,000 356,000,000 453,000,000                 1,469,000,000 1,575,000,000                                 1,941,000,000 [7] 743,000,000 [7]                                      
Long-term debt, excluding current maturities   23,969,000,000 23,177,000,000 8,473,000,000 8,329,000,000                 9,770,000,000 9,242,000,000                                 5,726,000,000 5,606,000,000                                      
Minimum annual maturities of long-term debt [Abstract]                                                                                                        
2014   3,766,000,000   356,000,000                                                                                                
2015   2,418,000,000   60,000,000                                                                                                
2016   1,782,000,000   64,000,000                                                                                                
2017   2,064,000,000   367,000,000                                                                                                
2018   1,369,000,000   72,000,000                                                                                                
Weighted-average interest rate of commercial paper and short-tem borrowings (in hundredths)   0.20% 0.49% 0.11% 0.27%                                                                                              
Lines of credit [Abstract]                                                                                                        
Available lines of credit   7,900,000,000   3,000,000,000                   4,900,000,000                                                                            
Sale of equity units [Abstract]                                                                                                        
Amount of equity units sold                                                                                             650,000,000 600,000,000 500,000,000      
Stated amount of each equity unit (in dollars per share)                                                                                             $ 50 $ 50 $ 50      
Undivided beneficial ownership interest per debenture (in hundredths)                                                                                             5.00% 5.00% 5.00%      
Principal amount of each debenture                                                                                             1,000 1,000 1,000      
Price per share of stock purchase contract - low range (in dollars per share)                                                                                             $ 67.15 $ 64.35 $ 82.70      
Price per share of stock purchase contract - high range (in dollars per share)                                                                                             $ 80.58 $ 77.22 $ 99.24      
Number Of Shares Subject To Antidilution Adjustments If Purchased On Final Settlement Date At Less Than Or Equal To Low Range Threshold                                                                                             0.7468 0.7794 0.6046      
Number of shares (subject to antidilution adjustments) if purchased on the final settlement date at equal to or greater than high range threshold (in shares)                                                                                             0.6223 0.6495 0.5038      
Trading period (in days) over which the market value is determined by reference to the average closing prices of the common stock                                                                                             20 days 20 days 20 days      
Rate of total annual distributions on equity units (in hundredths)                                                                                             5.889% 5.599% 5.799%      
Rate of payments on stock purchase contracts (in hundredths)                                                                                             4.289% 3.899% 4.349%      
Debentures remarketed                                                                                       350,000,000   402,400,000            
Debt Instrument, Face Amount                                                                                           402,500,000            
Line of Credit Facility, Maximum Borrowing Capacity                                                                                                   6,600,000,000 2,500,000,000 4,100,000,000
Letters of Credit Outstanding, Amount       3,000,000                   1,128,000,000                                                                            
Stock sold during the period 4,500,000                                                                                   5,400,500   5,946,530              
Stock Issued During Period, Value, New Issues                                                                                     $ 350,000,000   $ 402,500,000              
[1] 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.
[2] 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
[3] 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.
[4] Interest rate contracts, primarily swaps, have been entered into for the majority of these debt issuances. See Note 3.
[5] 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.
[6] 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.
[7] See Note 13 - Spain Solar Projects for discussion of events of default related to debt associated with the Spain solar projects.