Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2015

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



	September 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	$	—	$	—	$	5,710	$	4,348	$	1,903	$	866
Interest rate contracts	53		223		—		115		55		340
Foreign currency swaps	—		137		—		—		—		137
Total fair values	$	53	$	360	$	5,710	$	4,463	$	1,958	$	1,343

FPL:
Commodity contracts	$	—	$	—	$	6	$	236	$	5	$	235

Net fair value by NEE balance sheet line item:
Current derivative assets^(a)									$	654
Noncurrent derivative assets^(b)									1,304
Current derivative liabilities^(c)											$	734
Noncurrent derivative liabilities^(d)											609
Total derivatives									$	1,958	$	1,343

Net fair value by FPL balance sheet line item:
Current other assets									$	4
Noncurrent other assets									1
Current derivative liabilities											$	216
Noncurrent other liabilities											19
Total derivatives									$	5	$	235

______________________


(a)	Reflects the netting of approximately $231 million in margin cash collateral received from counterparties.


(b)	Reflects the netting of approximately $173 million in margin cash collateral received from counterparties.


(c)	Reflects the netting of approximately $65 million in margin cash collateral paid to counterparties.


(d)	Reflects the netting of approximately $14 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:



	September 30, 2015					December 31, 2014
Commodity Type	NEE			FPL		NEE			FPL
	(millions)
Power	(136	)	MWh	—		(73	)	MWh	—
Natural gas	1,363		MMBtu	887	MMBtu	1,436		MMBtu	845	MMBtu
Oil	(9	)	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 September 30,
	2015											2014
	Interest Rate Contracts				Foreign Currency Swaps				Total			Interest Rate Contracts				Foreign Currency Swaps				Total
	(millions)
Losses recognized in OCI	$	(151	)		$	(1	)		$	(152	)	$	(6	)		$	(45	)		$	(51	)
Gains (losses) reclassified from AOCI to net income	$	(18	)	^(a)	$	7		^(b)	$	(11	)	$	(20	)	^(a)	$	(51	)	^(b)	$	(71	)

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(a)	Included in interest expense.


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



	Nine Months Ended September 30,
	2015											2014
	Interest Rate Contracts				Foreign Currency Swaps				Total			Interest Rate Contracts				Foreign Currency Swaps				Total
	(millions)
Losses recognized in OCI	$	(146	)		$	(16	)		$	(162	)	$	(70	)		$	(30	)		$	(100	)
Losses reclassified from AOCI to net income	$	(56	)	^(a)	$	(10	)	^(b)	$	(66	)	$	(62	)	^(a)	$	(26	)	^(b)	$	(88	)

————————————


(a)	Included in interest expense.


(b)	For 2015 and 2014, losses of approximately $9 million and $5 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 September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(millions)
Commodity contracts:^(a)
Operating revenues	$	397		$	46		$	812		$	(379	)
Fuel, purchased power and interchange	3			—			5			(4		)
Foreign currency swap - other - net	—			—			—			(1		)
Interest rate contracts - interest expense	(12		)	(16		)	(1		)	(51		)
Total	$	388		$	30		$	816		$	(435	)

————————————

(a)

For the three and nine months ended September 30, 2015, FPL recorded losses of approximately $141 million and $204 million, respectively, related to commodity contracts as regulatory assets on its condensed consolidated balance sheets. For the three and nine months ended September 30, 2014, FPL recorded approximately $113 million of losses and $34 million of gains, respectively, related to commodity contracts as regulatory assets and regulatory liabilities, respectively, on its condensed consolidated balance sheets.