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Segment Information
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information

NEE's reportable segments are FPL, a rate-regulated electric utility, and NEER, a competitive energy business.  NEER's segment information includes an allocation of interest expense from NEECH based on a deemed capital structure of 70% debt and allocated shared service costs.  Corporate and Other represents other business activities, other segments that are not separately reportable and eliminating entries.  NEE's segment information is as follows:

 
Three Months Ended March 31,
 
2014
 
2013
 
FPL
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
2,535

 
$
1,034

 
$
105

 
$
3,674

 
$
2,188

 
$
1,016

 
$
75

 
$
3,279

Operating expenses
$
1,903

 
$
952

 
$
81

 
$
2,936

 
$
1,645

 
$
1,149

(b) 
$
51

 
$
2,845

Income (loss) from continuing operations(c)
$
347

 
$
86

(d) 
$
(3
)
 
$
430

 
$
288

 
$
(256
)
(d) 
$
9

 
$
41

Gain from discontinued operations, net of income taxes(c)(e)
$

 
$

 
$

 
$

 
$

 
$
216

 
$
15

 
$
231

Net income (loss)
$
347

 
$
86

(d) 
$
(3
)
 
$
430

 
$
288

 
$
(40
)
(d) 
$
24


$
272

————————————
(a)
Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt.  For this purpose, the deferred credit associated with differential membership interests sold by NEER subsidiaries is included with debt.  Residual non-utility interest expense is included in Corporate and Other.
(b)
Includes an impairment charge on NEER's Spain solar projects of $300 million.  See Note 3 - Nonrecurring Fair Value Measurements.
(c)
Prior year amounts were restated to conform to current year's presentation.  See Note 3 - Nonrecurring Fair Value Measurements.
(d)
Includes NEER's tax benefits related to PTCs and in 2013 also includes after-tax charges of $342 million associated with the impairment of the Spain solar projects.  See Note 3 - Nonrecurring Fair Value Measurements and Note 4.
(e)
See Note 5.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
March 31, 2014
 
December 31, 2013
 
FPL
 
NEER
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
NEER
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Total assets
$
37,189

 
$
30,335

 
$
2,807

 
$
70,331

 
$
36,488

 
$
30,154

 
$
2,664

 
$
69,306