Income Taxes (Tables)

3 Months Ended

Mar. 31, 2022

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,
	2022		2021		2022		2021
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	5.7		0.8		4.3		4.4
Taxes attributable to noncontrolling interests	(4.7)		2.0		—		—
PTCs and ITCs – NEER	6.2		(5.0)		—		—
Amortization of deferred regulatory credit	4.7		(1.9)		(4.0)		(3.4)
Other – net	1.2		(2.6)		(0.6)		(0.8)
Effective income tax rate	34.1	%	14.3	%	20.7	%	21.2	%