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Debt (Tables)
6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Long-term debt issuances and borrowings
Long-term debt issuances and borrowings by subsidiaries of NEE during the six months ended June 30, 2015 were as follows:

Date Issued
 
Company
 
Debt Issuances/Borrowings
 
Interest
Rate
 
Principal
Amount
 
Maturity
Date
 
 
 
 
 
 
 
 
(millions)
 
 
February - April 2015
 
NEER subsidiary
 
Canadian revolving credit agreements
 
Variable

(a) 
$
68

 
Various
January - February 2015
 
NEP subsidiary
 
Senior secured revolving credit facility
 
Variable

(a) 
$
122

 
2019
February - June 2015
 
NEER subsidiary
 
Limited-recourse construction and term loan facility
 
Variable

(a)(b) 
$
100

 
2035
February 2015
 
NEER subsidiary
 
Cash grant bridge loan facility
 
Variable

(a) 
$
29

 
2017
April 2015
 
NEER subsidiary
 
Canadian senior secured limited-recourse term loan
 
Variable

(a) 
$
324

 
2033
April 2015
 
NEER subsidiary
 
Canadian senior secured limited-recourse term loan
 
Variable

(a) 
$
228

 
2033
April 2015
 
NEECH
 
Term loans
 
Variable

(a) 
$
450

 
2016
May - June 2015
 
NEER subsidiary
 
Limited-recourse construction and term loan facility
 
Variable

(a)(b) 
$
269

 
2035
June 2015
 
FPL
 
Industrial development revenue bonds
 
Variable

(c) 
$
85

 
2045
June 2015
 
NEP subsidiary
 
Limited-recourse term loan
 
4.52
%
 
$
31

 
2033
————————————
(a)
Variable rate is based on an underlying index plus a margin.
(b)
Interest rate swap agreements have been entered into with respect to these issuances. See Note 2.
(c)
These tax exempt bonds permit individual bond holders to tender the bonds for purchase at any time prior to maturity. In the event the 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 bonds. As of June 30, 2015, all bonds tendered for purchase have been successfully remarketed. In the event the bonds are tendered by individual bond holders and not remarketed prior to maturity, FPL's bank revolving line of credit facilities are available to support the purchase of the bonds.