12. Summarized Financial Information of Capital Holdings

Capital Holdings, a 100% owned subsidiary of NextEra Energy, provides funding for, and holds ownership interests in, NextEra Energy's operating subsidiaries other than FPL. Most of Capital Holdings' debt, including its debentures, and payment guarantees are fully and unconditionally guaranteed by NextEra Energy. Condensed consolidating financial information is as follows:

Condensed Consolidating Statements of Income

	Three Months Ended June 30,
	2011												2010
	NextEra Energy (Guarantor)			Capital Holdings			Other(a)			NextEra Energy Consoli- dated			NextEra Energy (Guarantor)			Capital Holdings			Other(a)			NextEra Energy Consoli- dated
										(millions)

Operating revenues	$	-		$	1,163		$	2,798		$	3,961		$	-		$	1,013		$	2,578		$	3,591
Operating expenses		(4	)		(824	)		(2,226	)		(3,054	)		(2	)		(804	)		(2,076	)		(2,882	)
Interest expense		(3	)		(159	)		(94	)		(256	)		(4	)		(156	)		(87	)		(247	)
Other income (deductions) - net		526			72			(522	)		76			427			20			(415	)		32
Income (loss) before income taxes		519			252			(44	)		727			421			73			-			494
Income tax expense (benefit)		(61	)		24			184			147			4			(79	)		152			77
Net income (loss)	$	580		$	228		$	(228	)	$	580		$	417		$	152		$	(152	)	$	417

¾¾¾¾¾¾¾¾¾¾

(a)	Represents FPL and consolidating adjustments.

	Six Months Ended June 30,
	2011												2010
	NextEra Energy (Guarantor)			Capital Holdings			Other(a)			NextEra Energy Consoli- dated			NextEra Energy (Guarantor)			Capital Holdings			Other(a)			NextEra Energy Consoli- dated
										(millions)

Operating revenues	$	-		$	2,053		$	5,041		$	7,094		$	-		$	2,310		$	4,903		$	7,213
Operating expenses		(7	)		(1,689	)		(4,063	)		(5,759	)		(2	)		(1,554	)		(4,009	)		(5,565	)
Interest expense		(7	)		(322	)		(181	)		(510	)		(8	)		(307	)		(170	)		(485	)
Other income (deductions) - net		797			125			(784	)		138			989			86			(974	)		101
Income (loss) before income taxes		783			167			13			963			979			535			(250	)		1,264
Income tax expense (benefit)		(65	)		(125	)		305			115			6			11			274			291
Net income (loss)	$	848		$	292		$	(292	)	$	848		$	973		$	524		$	(524	)	$	973

¾¾¾¾¾¾¾¾¾¾

(a)	Represents FPL and consolidating adjustments.

Condensed Consolidating Balance Sheets

	June 30, 2011												December 31, 2010
	NextEra Energy (Guaran- tor)			Capital Holdings			Other(a)			NextEra Energy Consoli- dated			NextEra Energy (Guaran- tor)		Capital Holdings			Other(a)			NextEra Energy Consoli- dated
										(millions)
PROPERTY, PLANT AND EQUIPMENT
Electric utility plant in service and other property	$	30		$	22,651		$	33,460		$	56,141		$	19	$	21,779		$	32,423		$	54,221
Less accumulated depreciation and amortization		(1	)		(4,402	)		(10,884	)		(15,287	)		-		(4,275	)		(10,871	)		(15,146	)
Total property, plant and equipment - net		29			18,249			22,576			40,854			19		17,504			21,552			39,075
CURRENT ASSETS
Cash and cash equivalents		-			246			41			287			-		282			20			302
Receivables		164			1,143			826			2,133			654		1,380			548			2,582
Other		8			907			1,478			2,393			9		1,024			1,341			2,374
Total current assets		172			2,296			2,345			4,813			663		2,686			1,909			5,258
OTHER ASSETS
Investment in subsidiaries		14,795			-			(14,795	)		-			14,150		-			(14,150	)		-
Other		472			3,838			4,580			8,890			365		3,845			4,451			8,661
Total other assets		15,267			3,838			(10,215	)		8,890			14,515		3,845			(9,699	)		8,661
TOTAL ASSETS	$	15,468		$	24,383		$	14,706		$	54,557		$	15,197	$	24,035		$	13,762		$	52,994

CAPITALIZATION
Common shareholders' equity	$	14,906		$	4,917		$	(4,917	)	$	14,906		$	14,461	$	4,359		$	(4,359	)	$	14,461
Long-term debt		-			12,328			6,907			19,235			-		11,331			6,682			18,013
Total capitalization		14,906			17,245			1,990			34,141			14,461		15,690			2,323			32,474
CURRENT LIABILITIES
Debt due within one year		-			1,515			703			2,218			-		2,664			145			2,809
Accounts payable		7			599			674			1,280			-		571			553			1,124
Other		221			1,196			1,474			2,891			352		1,361			1,258			2,971
Total current liabilities		228			3,310			2,851			6,389			352		4,596			1,956			6,904
OTHER LIABILITIES AND DEFERRED CREDITS
Asset retirement obligations		-			476			1,111			1,587			-		556			1,083			1,639
Accumulated deferred income taxes		50			1,249			3,982			5,281			53		1,336			3,720			5,109
Regulatory liabilities		38			-			4,265			4,303			46		-			4,213			4,259
Other		246			2,103			507			2,856			285		1,857			467			2,609
Total other liabilities and deferred credits		334			3,828			9,865			14,027			384		3,749			9,483			13,616
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$	15,468		$	24,383		$	14,706		$	54,557		$	15,197	$	24,035		$	13,762		$	52,994

¾¾¾¾¾¾¾¾¾¾

(a)	Represents FPL and consolidating adjustments.

Condensed Consolidating Statements of Cash Flows

	Six Months Ended June 30,
	2011												2010
	NextEra Energy (Guaran- tor)			Capital Holdings			Other(a)			NextEra Energy Consoli- dated			NextEra Energy (Guaran- tor)			Capital Holdings			Other(a)			NextEra Energy Consoli- dated
										(millions)

NET CASH PROVIDED BY OPERATING ACTIVITIES	$	437		$	627		$	927		$	1,991		$	487		$	723		$	538		$	1,748

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures, independent power and other investments and nuclear fuel purchases		(16	)		(1,262	)		(1,582	)		(2,860	)		-			(1,271	)		(1,486	)		(2,757	)
Capital contribution to FPL		-			-			-			-			(135	)		-			135			-
Cash grants under the Recovery Act		-			301			185			486			-			426			85			511
Other - net		16			4			(5	)		15			-			(15	)		(22	)		(37	)
Net cash used in investing activities		-			(957	)		(1,402	)		(2,359	)		(135	)		(860	)		(1,288	)		(2,283	)

CASH FLOWS FROM FINANCING ACTIVITIES
Issuances of long-term debt		-			1,205			248			1,453			-			1,071			514			1,585
Retirements of long-term debt		-			(967	)		(24	)		(991	)		-			(247	)		(22	)		(269	)
Proceeds from sale of differential membership interests		-			210			-			210			-			190			-			190
Net change in short-term debt		-			(393	)		553			160			-			(125	)		71			(54	)
Issuances of common stock		33			-			-			33			69			-			-			69
Dividends on common stock		(459	)		-			-			(459	)		(410	)		-			-			(410	)
Other - net		(11	)		239			(281	)		(53	)		(11	)		(458	)		484			15
Net cash provided by (used in) financing activities		(437	)		294			496			353			(352	)		431			1,047			1,126

Net increase (decrease) in cash and cash equivalents		-			(36	)		21			(15	)		-			294			297			591
Cash and cash equivalents at beginning of period		-			282			20			302			-			156			82			238
Cash and cash equivalents at end of period	$	-		$	246		$	41		$	287		$	-		$	450		$	379		$	829

¾¾¾¾¾¾¾¾¾¾

(a)	Represents FPL and consolidating adjustments.