Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

	March 31, 2014
	Fair Values of Derivatives Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Total Derivatives Combined - Net Basis
	Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	—	$	—	$	4,553	$	3,705	$	1,441	$	834
Interest rate contracts	76		125		—		108		76		233
Foreign currency swaps	—		49		—		95		—		144
Total fair values	$	76	$	174	$	4,553	$	3,908	$	1,517	$	1,211
FPL:
Commodity contracts	$	—	$	—	$	123	$	3	$	130	$	10
Net fair value by NEE balance sheet line item:
Current derivative assets(a)									$	533
Noncurrent derivative assets(b)									984
Current derivative liabilities											$	815
Noncurrent derivative liabilities(c)											396
Total derivatives									$	1,517	$	1,211
Net fair value by FPL balance sheet line item:
Current other assets									$	129
Noncurrent other assets									1
Noncurrent other liabilities											$	10
Total derivatives									$	130	$	10

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(a) Reflects the netting of approximately $165 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $88 million in margin cash collateral received from counterparties.

(c) Reflects the netting of approximately $12 million in margin cash collateral provided to counterparties.

	December 31, 2013
	Fair Values of Derivatives Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Total Derivatives Combined - Net Basis
	Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	—	$	—	$	4,543	$	3,633	$	1,571	$	940
Interest rate contracts	89		127		1		93		90		220
Foreign currency swaps	—		50		—		101		—		151
Total fair values	$	89	$	177	$	4,544	$	3,827	$	1,661	$	1,311
FPL:
Commodity contracts	$	—	$	—	$	55	$	9	$	48	$	2
Net fair value by NEE balance sheet line item:
Current derivative assets(a)									$	498
Noncurrent derivative assets(b)									1,163
Current derivative liabilities											$	838
Noncurrent derivative liabilities											473
Total derivatives									$	1,661	$	1,311
Net fair value by FPL balance sheet line item:
Current other assets									$	48
Current other liabilities											$	1
Noncurrent other liabilities											1
Total derivatives									$	48	$	2

______________________

(a) Reflects the netting of approximately $181 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $98 million in margin cash collateral received from counterparties.

Net notional volumes

NEE and FPL had derivative commodity contracts for the following net notional volumes:

	March 31, 2014					December 31, 2013
Commodity Type	NEE			FPL		NEE			FPL
	(millions)
Power	(111	)	MWh(a)	—		(276	)	MWh(a)	—
Natural gas	1,333		MMBtu(b)	937	MMBtu(b)	1,140		MMBtu(b)	674	MMBtu(b)
Oil	(9	)	barrels	—		(10	)	barrels	—

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(a) Megawatt-hours

(b) One million British thermal units

Cash Flow Hedging [Member]

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

Gains (losses) related to NEE's cash flow hedges are recorded in NEE's condensed consolidated financial statements (none at FPL) as follows:

	Three Months Ended March 31,
	2014											2013
	Interest Rate Contracts				Foreign Currency Swaps				Total			Interest Rate Contracts				Foreign Currency Swaps				Total
	(millions)
Gains (losses) recognized in OCI	$	(27	)		$	(2	)		$	(29	)	$	100			$	(8	)		$	92
Gains (losses) reclassified from AOCI to net income	$	(16	)	(a)	$	2		(b)	$	(14	)	$	(15	)	(a)	$	(19	)	(b)	$	(34	)

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(a) Included in interest expense.

(b) Loss of approximately $1 million is included in interest expense and the balance is included in other - net.

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

Gains (losses) related to NEE's derivatives not designated as hedging instruments are recorded in NEE's condensed consolidated statements of income as follows:

	Three Months Ended   March 31,
	2014			2013
	(millions)
Commodity contracts:(a)
Operating revenues	$	(272	)	$	(42	)
Fuel, purchased power and interchange	(4		)	3
Foreign currency swap - other - net	5			(32		)
Interest rate contracts - interest expense	(27		)	—
Total	$	(298	)	$	(71	)

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(a) For the three months ended March 31, 2014 and 2013, FPL recorded approximately $136 million and $144 million of gains, respectively, related to commodity contracts as regulatory liabilities on its condensed consolidated balance sheets.