Segment Information

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Segment Information

10.  Segment Information

NEE's reportable segments are FPL, a rate-regulated electric utility, and NEER, a competitive energy business.  NEER's segment information includes an allocation of interest expense from NEECH based on a deemed capital structure of 70% debt and allocated shared service costs.  Corporate and Other represents other business activities, other segments that are not separately reportable and eliminating entries.  NEE's segment information is as follows:

	Three Months Ended September 30,
	2012										2011
	FPL		NEER(a)			Corporate and Other			NEE Consoli- dated		FPL		NEER(a)			Corporate and Other				NEE Consoli- dated
									(millions)
Operating revenues	$	2,975	$	808		$	60		$	3,843	$	3,152	$	1,172		$	58			$	4,382
Operating expenses	$	2,256	$	785		$	53		$	3,094	$	2,496	$	920		$	55			$	3,471
Net income	$	392	$	44	(b)	$	(21	)	$	415	$	347	$	67	(b)	$	(7	)	(c)	$	407

	Nine Months Ended September 30,
	2012										2011
	FPL		NEER(a)			Corporate and Other			NEE Consoli- dated		FPL		NEER(a)			Corporate and Other			NEE Consoli- dated
									(millions)
Operating revenues	$	7,778	$	2,929		$	174		$	10,881	$	8,200	$	3,110		$	166		$	11,476
Operating expenses	$	5,916	$	2,201		$	149		$	8,266	$	6,566	$	2,520	(d)	$	144		$	9,230
Net income	$	984	$	516	(b)	$	(18	)	$	1,482	$	852	$	371	(b)(e)	$	33	(c)(f)	$	1,256

	September 30, 2012								December 31, 2011
	FPL		NEER		Corporate and Other		NEE Consoli- dated		FPL		NEER		Corporate and Other		NEE Consoli- dated
							(millions)
Total assets	$	34,120	$	25,761	$	2,168	$	62,049	$	31,816	$	23,459	$	1,913	$	57,188

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(a) Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt.  For this purpose, the deferred credit associated with differential membership interests sold by NEER subsidiaries is included with debt.  Residual non-utility interest expense is included in Corporate and Other.

(b) See Note 5 for a discussion of NEER's tax benefits related to PTCs. 2011 includes after-tax loss on natural gas-fired generating assets held for sale of $91 million.  See Note 3 - Nonrecurring Fair Value Measurements.  

(c) Includes after-tax loss on natural gas-fired generating assets held for sale of $6 million.  See Note 3 - Nonrecurring Fair Value Measurements.

(d) Includes impairment charges of approximately $51 million.  See Note 3 - Nonrecurring Fair Value Measurements.

(e) Includes after-tax impairment charges of approximately $31 million.  See Note 3 - Nonrecurring Fair Value Measurements.

(f) Includes the state deferred income tax benefit of approximately $64 million.  See Note 5.