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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2020
Income Tax Disclosure [Abstract]  
Reconciliation Between the Effective Income Tax Rates and the Applicable Statutory Rate
A reconciliation between the effective income tax rates and the applicable statutory rate is as follows:
 
NEE
 
FPL
 
Three Months Ended March 31,
 
Three Months Ended March 31,
 
2020
 
2019
 
2020
 
2019
Statutory federal income tax rate
21.0
 %
 
21.0
 %
 
21.0
 %
 
21.0
 %
Increases (reductions) resulting from:
 
 
 
 
 
 
 
State income taxes - net of federal income tax benefit
(61.0
)
 
4.7

 
4.3

 
4.4

Taxes attributable to noncontrolling interests
32.7

 
2.3

 

 

PTCs and ITCs - NEER
(86.5
)
 
(8.3
)
 

 

Amortization of deferred regulatory credit
(55.5
)
 
(4.8
)
 
(5.0
)
 
(3.8
)
Foreign operations
(76.9
)
 
0.3

 

 

Other - net
(95.7
)
 
(4.3
)
 
(2.7
)
 
(0.7
)
Effective income tax rate
(321.9
)%
 
10.9
 %
 
17.6
 %
 
20.9
 %