Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2015

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



	June 30, 2015
	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	$	—	$	—	$	5,517	$	4,421	$	2,034	$	1,059
Interest rate contracts	45		104		—		99		69		227
Foreign currency swaps	—		141		—		—		—		141
Total fair values	$	45	$	245	$	5,517	$	4,520	$	2,103	$	1,427

FPL:
Commodity contracts	$	—	$	—	$	13	$	231	$	8	$	226

Net fair value by NEE balance sheet line item:
Current derivative assets^(a)									$	796
Noncurrent derivative assets^(b)									1,307
Current derivative liabilities^(c)											$	883
Noncurrent derivative liabilities^(d)											544
Total derivatives									$	2,103	$	1,427

Net fair value by FPL balance sheet line item:
Current other assets									$	5
Noncurrent other assets									3
Current derivative liabilities											$	225
Noncurrent other liabilities											1
Total derivatives									$	8	$	226

______________________


(a)	Reflects the netting of approximately $147 million in margin cash collateral received from counterparties.


(b)	Reflects the netting of approximately $54 million in margin cash collateral received from counterparties.


(c)	Reflects the netting of approximately $55 million in margin cash collateral paid to counterparties.


(d)	Reflects the netting of approximately $25 million in margin cash collateral paid to counterparties.



	December 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	$	—	$	—	$	6,145	$	5,290	$	1,949	$	1,358
Interest rate contracts	35		126		—		125		50		266
Foreign currency swaps	—		131		—		—		—		131
Total fair values	$	35	$	257	$	6,145	$	5,415	$	1,999	$	1,755

FPL:
Commodity contracts	$	—	$	—	$	8	$	371	$	7	$	370

Net fair value by NEE balance sheet line item:
Current derivative assets^(a)									$	990
Noncurrent derivative assets^(b)									1,009
Current derivative liabilities^(c)											$	1,289
Noncurrent derivative liabilities^(d)											466
Total derivatives									$	1,999	$	1,755

Net fair value by FPL balance sheet line item:
Current other assets									$	6
Noncurrent other assets									1
Current derivative liabilities											$	370
Total derivatives									$	7	$	370

______________________


(a)	Reflects the netting of approximately $197 million in margin cash collateral received from counterparties.


(b)	Reflects the netting of approximately $97 million in margin cash collateral received from counterparties.


(c)	Reflects the netting of approximately $20 million in margin cash collateral paid to counterparties.


(d)	Reflects the netting of approximately $10 million in margin cash collateral paid to counterparties.

Net notional volumes

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



	June 30, 2015					December 31, 2014
Commodity Type	NEE			FPL		NEE			FPL
	(millions)
Power	(112	)	MWh	—		(73	)	MWh	—
Natural gas	1,365		MMBtu	912	MMBtu	1,436		MMBtu	845	MMBtu
Oil	(11	)	barrels	—		(11	)	barrels	—

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 June 30,
	2015											2014
	Interest Rate Contracts				Foreign Currency Swaps				Total			Interest Rate Contracts				Foreign Currency Swaps			Total
	(millions)
Gains (losses) recognized in OCI	$	73			$	(7	)		$	66		$	(27	)		$	17		$	(10	)
Gains (losses) reclassified from AOCI to net income	$	(19	)	^(a)	$	(15	)	^(b)	$	(34	)	$	(16	)	^(a)	$	23	^(b)	$	7

————————————


(a)	Included in interest expense.


(b)	For 2015 and 2014, losses of approximately $3 million and $1 million, respectively, are included in interest expense and the balances are included in other - net.



	Six Months Ended June 30,
	2015											2014
	Interest Rate Contracts				Foreign Currency Swaps				Total			Interest Rate Contracts				Foreign Currency Swaps			Total
	(millions)
Gains (losses) recognized in OCI	$	4			$	(15	)		$	(11	)	$	(54	)		$	15		$	(39	)
Gains (losses) reclassified from AOCI to net income	$	(38	)	^(a)	$	(17	)	^(b)	$	(55	)	$	(32	)	^(a)	$	25	^(b)	$	(7	)

————————————


(a)	Included in interest expense.


(b)	For 2015 and 2014, losses of approximately $6 million and $2 million, respectively, are included in interest expense and the balances are 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 June 30,					Six Months Ended June 30,
	2015		2014			2015		2014
	(millions)
Commodity contracts:^(a)
Operating revenues	$	178	$	(153	)	$	415	$	(425	)
Fuel, purchased power and interchange	—		—			2		(4		)
Foreign currency swap - other - net	—		(6		)	—		(1		)
Interest rate contracts - interest expense	24		(8		)	11		(35		)
Total	$	202	$	(167	)	$	428	$	(465	)

————————————

(a)

For the three and six months ended June 30, 2015, FPL recorded approximately $23 million of gains and $63 million of losses, respectively, related to commodity contracts as regulatory liabilities and regulatory assets, respectively, on its condensed consolidated balance sheets. For the three and six months ended June 30, 2014, FPL recorded approximately $11 million and $147 million of gains, respectively, related to commodity contracts as regulatory liabilities on its condensed consolidated balance sheets.