Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Derivative [Line Items]

Net fair values of mark-to-market derivative instrument assets (liabilities)

The net fair values of NEE's and FPL's mark-to-market derivative instrument assets (liabilities) are included on the condensed consolidated balance sheets as follows:

	NEE						FPL
	September 30, 2012			December 31, 2011			September 30, 2012				December 31, 2011
	(millions)
Current derivative assets(a)	$	482		$	611		$	8		(b)	$	10		(b)
Noncurrent derivative assets(c)	944			973			32			(d)	2			(d)
Current derivative liabilities(e)	(486		)	(1,090		)	(67		)		(512		)
Noncurrent derivative liabilities(f)	(530		)	(541		)	—				(1		)	(g)
Total mark-to-market derivative instrument assets (liabilities)	$	410		$	(47	)	$	(27	)		$	(501	)

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(a) At September 30, 2012 and December 31, 2011, NEE's balances reflect the netting of approximately $40 million and $106 million (none at FPL), respectively, in margin cash collateral received from counterparties.

(b) Included in current other assets on FPL's condensed consolidated balance sheets.

(c) At September 30, 2012 and December 31, 2011, NEE's balances reflect the netting of approximately $154 million and $109 million (none at FPL), respectively, in margin cash collateral received from counterparties.

(d) Included in noncurrent other assets on FPL's condensed consolidated balance sheets.

(e) At September 30, 2012 and December 31, 2011, NEE's balances reflect the netting of approximately $74 million and $112 million (none at FPL), respectively, in margin cash collateral provided to counterparties.

(f) At December 31, 2011, NEE's balance reflects the netting of approximately $79 million (none at FPL) in margin cash collateral provided to counterparties.

(g) Included in noncurrent other liabilities on FPL's condensed consolidated balance sheets.

Net notional volumes

At September 30, 2012, NEE and FPL had derivative commodity contracts for the following net notional volumes:

Commodity Type	NEE			FPL
	(millions)
Power	(46	)	mwh(a)	—
Natural gas	1,221		mmbtu(b)	837	mmbtu(b)
Oil	(7	)	barrels	—

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(a) Megawatt-hours

(b) One million British thermal units

Cash Flow Hedging [Member]

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair values of NEE's derivatives designated as hedging instruments for accounting purposes (none at FPL) are presented below as gross asset and liability values, as required by disclosure rules.

	September 30, 2012				December 31, 2011
	Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities
	(millions)
Interest rate swaps:
Current derivative assets	$	26	$	—	$	22	$	—
Current derivative liabilities	—		97		—		60
Noncurrent derivative assets	54		—		15		—
Noncurrent derivative liabilities	—		294		—		260
Foreign currency swap:
Current derivative liabilities	—		3		—		3
Noncurrent derivative liabilities	—		5		—		3
Total	$	80	$	399	$	37	$	326

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

Gains (losses) related to NEE's cash flow hedges are recorded in NEE's condensed consolidated financial statements (none at FPL) as follows:

	Three Months Ended September 30,
	2012												2011
	Commodity Contracts		Interest Rate Swaps			Foreign Currency Swap				Total			Commodity Contracts		Interest Rate Swaps			Foreign Currency Swaps				Total
	(millions)
Gains (losses) recognized in OCI	$	—	$	(39	)	$	(6	)		$	(45	)	$	—	$	(236	)	$	(14	)		$	(250	)
Gains (losses) reclassified from AOCI to net income(a)	$	2	$	(14	)	$	2		(b)	$	(10	)	$	11	$	(21	)	$	5		(b)	$	(5	)

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(a) Included in operating revenues for commodity contracts and interest expense for interest rate swaps. In 2011, excludes approximately $21 million of net losses related to discontinuance of certain cash flow hedges. See further discussion above.

(b) Loss of approximately $1 million is included in interest expense and the balance is included in other - net.

	Nine Months Ended September 30,
	2012												2011
	Commodity Contracts		Interest Rate Swaps			Foreign Currency Swap				Total			Commodity Contracts		Interest Rate Swaps			Foreign Currency Swaps				Total
	(millions)
Gains (losses) recognized in OCI	$	—	$	(104	)	$	(16	)		$	(120	)	$	—	$	(353	)	$	(20	)		$	(373	)
Gains (losses) reclassified from AOCI to net income(a)	$	6	$	(44	)	$	(4	)	(b)	$	(42	)	$	30	$	(64	)	$	1		(c)	$	(33	)

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(a) Included in operating revenues for commodity contracts and interest expense for interest rate swaps. In 2011, excludes approximately $21 million of net losses related to discontinuance of certain cash flow hedges. See further discussion above.

(b) Loss of approximately $2 million is included in interest expense and the balance is included in other - net.

(c) Loss of approximately $4 million is included in interest expense and the balance is included in other - net.

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair values of NEE's and FPL's derivatives not designated as hedging instruments for accounting purposes are presented below as gross asset and liability values, as required by disclosure rules.  However, the majority of the underlying contracts are subject to master netting arrangements and would not be contractually settled on a gross basis.

	September 30, 2012										December 31, 2011
	NEE				FPL						NEE				FPL
	Derivative Assets		Derivative Liabilities		Derivative Assets			Derivative Liabilities			Derivative Assets		Derivative Liabilities		Derivative Assets			Derivative Liabilities
	(millions)
Commodity contracts:
Current derivative assets	$	922	$	426	$	12	(a)	$	4	(a)	$	1,127	$	432	$	11	(a)	$	1	(a)
Current derivative liabilities	1,775		2,233		43			110			3,358		4,494		1			513
Noncurrent derivative assets	1,913		884		32		(b)	—			1,290		250		2		(b)	—
Noncurrent derivative liabilities	233		464		—			—			1,222		1,579		—			1		(c)
Foreign currency swap:
Current derivative liabilities	—		2		—			—			—		3		—			—
Noncurrent derivative assets	15		—		—			—			27		—		—			—
Total	$	4,858	$	4,009	$	87		$	114		$	7,024	$	6,758	$	14		$	515

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(a) Included in current other assets on FPL's condensed consolidated balance sheets.

(b) Included in noncurrent other assets on FPL's condensed consolidated balance sheets.

(c) Included in noncurrent other liabilities on FPL's condensed consolidated balance sheets.

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

Gains (losses) related to NEE's derivatives not designated as hedging instruments are recorded in NEE's condensed consolidated statements of income (none at FPL) as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
	(millions)
Commodity contracts(a):
Operating revenues	$	(218	)	$	(50	)	$	102		$	(48	)
Fuel, purchased power and interchange	(4		)	10			36			8
Foreign currency swap - other - net	9			23			(13		)	20
Interest rate contracts - other - net	—			(16		)	—			(11		)
Total	$	(213	)	$	(33	)	$	125		$	(31	)

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(a) For the three months ended September 30, 2012 and 2011, FPL recorded approximately $90 million of gains and $232 million of losses, respectively, related to commodity contracts as regulatory liabilities and regulatory assets, respectively, on its condensed consolidated balance sheets.  For the nine months ended September 30, 2012 and 2011, FPL recorded approximately $86 million and $300 million of losses, respectively, related to commodity contracts as regulatory assets on its condensed consolidated balance sheets.