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Fair Value Measurements (Details) (USD $)
In Millions
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Fair value measurements made on a recurring basis [Member]
Dec. 31, 2010
Fair value measurements made on a recurring basis [Member]
Jun. 30, 2011
Fair value measurements made on a recurring basis [Member]
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
Dec. 31, 2010
Fair value measurements made on a recurring basis [Member]
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
Jun. 30, 2011
Fair value measurements made on a recurring basis [Member]
Significant Other Observable Inputs (Level 2) [Member]
Dec. 31, 2010
Fair value measurements made on a recurring basis [Member]
Significant Other Observable Inputs (Level 2) [Member]
Jun. 30, 2011
Fair value measurements made on a recurring basis [Member]
Significant Unobservable Inputs (Level 3) [Member]
Dec. 31, 2010
Fair value measurements made on a recurring basis [Member]
Significant Unobservable Inputs (Level 3) [Member]
Jun. 30, 2011
Fair value measurements made on a recurring basis [Member]
Netting [Member]
Dec. 31, 2010
Fair value measurements made on a recurring basis [Member]
Netting [Member]
Jun. 30, 2011
Fair value measurements made on a non-recurring basis [Member]
Jun. 30, 2011
Fair value measurements made on a non-recurring basis [Member]
Jun. 30, 2011
Derivative Financial Instruments, Net [Member]
Jun. 30, 2010
Derivative Financial Instruments, Net [Member]
Jun. 30, 2011
Derivative Financial Instruments, Net [Member]
Jun. 30, 2010
Derivative Financial Instruments, Net [Member]
Cash equivalents:                                        
Equity securities         $ 76 $ 122 $ 0 $ 0 $ 76 $ 122 $ 0 $ 0 $ 0 [1] $ 0 [1]            
Special use funds:                                        
Equity securities         2,045 1,986 769 741 1,276 [2] 1,245 [3] 0 0 0 [1] 0 [1]            
U.S. Government and municipal bonds         623 622 517 495 106 127 0 0 0 [1] 0 [1]            
Corporate debt securities         463 486 0 0 463 486 0 0 0 [1] 0 [1]            
Mortgage-backed securities         529 447 0 0 529 447 0 0 0 [1] 0 [1]            
Other debt securities         121 108 0 0 121 108 0 0 0 [1] 0 [1]            
Other investments:                                        
Equity securities         5 4 3 3 2 1 0 0 0 [1] 0 [1]            
U.S. Government and municipal bonds         13 12 13 8 0 4 0 0 0 [1] 0 [1]            
Corporate debt securities         52 32 0 0 52 32 0 0 0 [1] 0 [1]            
Mortgage-backed securities         36 58 0 0 36 58 0 0 0 [1] 0 [1]            
Other         23 15 5 5 18 10 0 0 0 [1] 0 [1]            
Derivatives:                                        
Commodity contracts         723 [4] 940 [4] 1,432 1,755 1,433 1,538 707 824 (2,849) [1] (3,177) [1]            
Interest rate swaps         65 [4] 107 [4] 0 0 65 107 0 0 0 [1] 0 [1]            
Foreign currency swaps         7 [4] 48 [4] 0 0 7 48 0 0 0 [1] 0 [1]            
Derivatives:                                        
Commodity contracts         460 [4] 652 [4] 1,475 1,821 1,294 1,509 552 528 (2,861) [1] (3,206) [1]            
Interest rate swaps         157 [4] 123 [4] 0 0 157 123 0 0 0 [1] 0 [1]            
Foreign currency swaps         7 [4] 4 [4] 0 0 7 4 0 0 0 [1] 0 [1]            
Fair value of investments in commingled funds whose underlying investments would be Level 1 if those investments were held directly by the registrant         1,147 1,084                            
Carrying value of property, plant, and equipment prior to impairment charge                             79 79        
Property, plant, and equipment, fair value disclosure                             28 28        
Impairment charge 51 0 51 0                     51 51        
Impairment charge, after-tax                             31 31        
Reconciliation of changes in the fair value of derivatives measured based on significant unobservable inputs [Roll Forward]                                        
Fair value of net derivatives based on significant unobservable inputs, beginning balance                                 104 549 296 364
Realized and unrealized gains (losses):                                        
Included in earnings                                 95 [5] (110) [6] 13 [5] 350 [6]
Included in regulatory assets and liabilities                                 2 (1) 2 (1)
Purchases                                 53   141  
Settlements                                 (58)   (103)  
Issuances                                 (38)   (190)  
Purchases, sales, settlements and issuances                                   (69)   (338)
Transfers in                                 1 [7] 1 [8] 2 [7] 2 [8]
Transfers out                                 (4) [7] (23) [8] (6) [7] (30) [8]
Fair value of net derivatives based on significant unobservable inputs, ending balance                                 155 347 155 347
The amount of gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to derivatives still held at the reporting date                                 89 [9] (99) [10] 8 [9] 237 [10]
Realized and unrealized gains (losses) reflected in operating revenues 92 (109) 0 343                                
Realized and unrealized gains (losses) reflected in fuel purchased power and interchange 3 (1) 13 7                                
Unrealized gains (losses) reflected in operating revenues 89 (98) 3 233                                
Unrealized gains (losses) reflected in fuel purchased power and interchange $ 0 $ (1) $ 5 $ 4                                
[1] Includes the effect of the contractual ability to settle contracts under master netting arrangements and margin cash collateral payments and receipts.
[2] At NextEra Energy, approximately $1,147 million ($1,036 million at FPL) are invested in commingled funds whose underlying investments would be Level 1 if those investments were held directly by NextEra Energy or FPL.
[3] At NextEra Energy, approximately $1,084 million ($980 million at FPL) are invested in commingled funds whose underlying investments would be Level 1 if those investments were held directly by NextEra Energy or FPL.
[4] See Note 2 for a reconciliation of net derivatives to NextEra Energy's and FPL's condensed consolidated balance sheets.
[5] For the three and six months ended June 30, 2011, $92 million and less than $1 million, respectively, of realized and unrealized gains (losses) are reflected in operating revenues in the condensed consolidated statements of income. For the three and six months ended June 30, 2011, $3 million and $13 million, respectively, of realized and unrealized gains (losses) are reflected in fuel, purchased power and interchange in the condensed consolidated statements of income.
[6] For the three and six months ended June 30, 2010, $(109) million and $343 million, respectively, of realized and unrealized gains (losses) are reflected in operating revenues in the condensed consolidated statements of income. For the three and six months ended June 30, 2010, $(1) million and $7 million, respectively, of realized and unrealized gains (losses) are reflected in fuel, purchased power and interchange in the condensed consolidated statements of income.
[7] For the three and six months ended June 30, 2011, transfers into Level 3 were a result of decreased observability of market data and transfers from Level 3 to Level 2 were a result of increased observability of market data. NextEra Energy's and FPL's policy is to recognize all transfers at the beginning of the reporting period.
[8] For the three and six months ended June 30, 2010, transfers into Level 3 were a result of decreased observability of market data and transfers from Level 3 to Level 2 were a result of increased observability of market data. NextEra Energy's and FPL's policy is to recognize all transfers at the beginning of the reporting period.
[9] For the three and six months ended June 30, 2011, $89 million and $3 million, respectively, of unrealized gains (losses) are reflected in operating revenues in the condensed consolidated statements of income. For the three and six months ended June 30, 2011, less than $1 million and $5 million, respectively, of unrealized gains (losses) are reflected in fuel, purchased power and interchange in the condensed consolidated statements of income.
[10] For the three and six months ended June 30, 2010, $(98) million and $233 million, respectively, of unrealized gains (losses) are reflected in operating revenues in the condensed consolidated statements of income. For the three and six months ended June 30, 2010, $(1) million and $4 million, respectively, of unrealized gains (losses) are reflected in fuel, purchased power and interchange in the condensed consolidated statements of income.