Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2016

Commitments and Contingencies [Abstract]

Schedule of Planned Capital Expenditures

At March 31, 2016, estimated capital expenditures for the remainder of 2016 through 2020 for which applicable internal approvals (and also FPSC approvals for FPL, if required) have been received were as follows:

	Remainder of 2016		2017		2018		2019		2020		Total
	(millions)
FPL:
Generation:(a)
New(b)(c)	$	850	$	60	$	5	$	5	$	—	$	920
Existing	500		955		685		535		550		3,225
Transmission and distribution	1,410		2,060		1,985		2,485		2,335		10,275
Nuclear fuel	105		125		190		170		210		800
General and other	110		265		240		185		185		985
Total	$	2,975	$	3,465	$	3,105	$	3,380	$	3,280	$	16,205
NEER:
Wind(d)	$	1,810	$	50	$	35	$	30	$	30	$	1,955
Solar(e)	735		10		—		—		—		745
Nuclear, including nuclear fuel	250		235		265		275		245		1,270
Natural gas pipelines(f)	1,220		775		465		35		20		2,515
Other	255		55		75		50		65		500
Total	$	4,270	$	1,125	$	840	$	390	$	360	$	6,985
Corporate and Other	$	190	$	165	$	125	$	155	$	120	$	755

————————————

(a) Includes AFUDC of approximately $51 million, $14 million and $11 million for the remainder of 2016 through 2018, respectively.

(b) Includes land, generation structures, transmission interconnection and integration and licensing.

(c) Excludes capital expenditures of approximately $940 million for the natural gas-fired combined-cycle unit in Okeechobee County, Florida for the period from the end of 2016 (when approval by the Florida Power Plant Siting Board (Siting Board), comprised of the Florida governor and cabinet is expected) through 2019. Also excludes capital expenditures for the construction costs for the two additional nuclear units at FPL's Turkey Point site beyond what is required to receive and maintain an NRC license for each unit.

(d) Consists of capital expenditures for new wind projects and related transmission totaling approximately 1,565 MW.

(e) Includes capital expenditures for new solar projects and related transmission totaling approximately 860 MW.

(f) Includes capital expenditures for construction of three natural gas pipelines, including equity contributions associated with equity investments in joint ventures for two pipelines and AFUDC associated with the third pipeline. The natural gas pipelines are subject to certain conditions. See Contracts below.

Required capacity and/or minimum payments under contracts

The required capacity and/or minimum payments under the contracts discussed above as of March 31, 2016 were estimated as follows:

	Remainder of 2016		2017		2018		2019		2020		Thereafter
	(millions)
FPL:
Capacity charges(a)	$	135	$	170	$	155	$	135	$	110	$	690
Minimum charges, at projected prices:(b)
Natural gas, including transportation and storage(c)	$	795	$	930	$	870	$	860	$	910	$	12,970
Coal, including transportation	$	70	$	45	$	5	$	5	$	—	$	—
NEER	$	3,515	$	750	$	610	$	130	$	75	$	320
Corporate and Other(d)(e)	$	80	$	5	$	5	$	—	$	5	$	—

————————————

(a) Capacity charges under these contracts, substantially all of which are recoverable through the capacity clause, totaled approximately $47 million and $119 million for the three months ended March 31, 2016 and 2015, respectively. Energy charges under these contracts, which are recoverable through the fuel clause, totaled approximately $16 million and $44 million for the three months ended March 31, 2016 and 2015, respectively.

(b) Recoverable through the fuel clause.

(c) Includes approximately $200 million, $295 million, $290 million, $360 million and $7,885 million in 2017, 2018, 2019 , 2020 and thereafter, respectively, of firm commitments, subject to certain conditions as noted above, related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection.

(d) Includes an approximately $35 million commitment to invest primarily in clean power and technology businesses through 2021.

(e) Excludes approximately $865 million in 2016 of joint obligations of NEECH and NEER which are included in the NEER amounts above.