Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Derivative [Line Items]

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

	June 30, 2014
	Fair Values of Derivatives Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Total Derivatives Combined - Net Basis
	Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	—	$	—	$	5,482	$	4,922	$	1,400	$	974
Interest rate contracts	43		94		—		119		68		238
Foreign currency swaps	—		32		—		—		3		35
Total fair values	$	43	$	126	$	5,482	$	5,041	$	1,471	$	1,247
FPL:
Commodity contracts	$	—	$	—	$	84	$	12	$	84	$	12
Net fair value by NEE balance sheet line item:
Current derivative assets(a)									$	577
Noncurrent derivative assets(b)									894
Current derivative liabilities(c)											$	686
Noncurrent derivative liabilities(d)											561
Total derivatives									$	1,471	$	1,247
Net fair value by FPL balance sheet line item:
Current other assets									$	81
Noncurrent other assets									3
Current other liabilities											$	1
Noncurrent other liabilities											11
Total derivatives									$	84	$	12

______________________

(a) Reflects the netting of approximately $81 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $68 million in margin cash collateral received from counterparties.

(c) Reflects the netting of approximately $1 million in margin cash collateral provided to counterparties.

(d) Reflects the netting of approximately $14 million in margin cash collateral provided to counterparties.

	December 31, 2013
	Fair Values of Derivatives Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Total Derivatives Combined - Net Basis
	Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	—	$	—	$	4,543	$	3,633	$	1,571	$	940
Interest rate contracts	89		127		1		93		90		220
Foreign currency swaps	—		50		—		101		—		151
Total fair values	$	89	$	177	$	4,544	$	3,827	$	1,661	$	1,311
FPL:
Commodity contracts	$	—	$	—	$	55	$	9	$	48	$	2
Net fair value by NEE balance sheet line item:
Current derivative assets(a)									$	498
Noncurrent derivative assets(b)									1,163
Current derivative liabilities											$	838
Noncurrent derivative liabilities											473
Total derivatives									$	1,661	$	1,311
Net fair value by FPL balance sheet line item:
Current other assets									$	48
Current other liabilities											$	1
Noncurrent other liabilities											1
Total derivatives									$	48	$	2

______________________

(a) Reflects the netting of approximately $181 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $98 million in margin cash collateral received from counterparties.

Net notional volumes

NEE and FPL had derivative commodity contracts for the following net notional volumes:

	June 30, 2014					December 31, 2013
Commodity Type	NEE			FPL		NEE			FPL
	(millions)
Power	(94	)	MWh(a)	—		(276	)	MWh(a)	—
Natural gas	1,422		MMBtu(b)	884	MMBtu(b)	1,140		MMBtu(b)	674	MMBtu(b)
Oil	(9	)	barrels	—		(10	)	barrels	—

————————————

(a) Megawatt-hours

(b) One million British thermal units

Cash Flow Hedging [Member]

Derivative [Line Items]

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 June 30,
	2014										2013
	Interest Rate Contracts				Foreign Currency Swaps			Total			Interest Rate Contracts				Foreign Currency Swaps				Total
	(millions)
Gains (losses) recognized in OCI	$	(27	)		$	17		$	(10	)	$	65			$	(4	)		$	61
Gains (losses) reclassified from AOCI to net income	$	(16	)	(a)	$	23	(b)	$	7		$	(15	)	(a)	$	(12	)	(b)	$	(27	)

————————————

(a) Included in interest expense.

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

	Six Months Ended June 30,
	2014										2013
	Interest Rate Contracts				Foreign Currency Swaps			Total				Interest Rate Contracts				Foreign Currency Swaps				Total
	(millions)
Gains (losses) recognized in OCI	$	(54	)		$	15		$	(39	)		$	165			$	(12	)		$	153
Gains (losses) reclassified from AOCI to net income	$	(32	)	(a)	$	25	(b)	$	(7	)		$	(30	)	(a)	$	(31	)	(b)	$	(61	)

————————————

(a) Included in interest expense.

(b) Loss of approximately $2 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, 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 as follows:

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
	(millions)
Commodity contracts:(a)
Operating revenues	$	(153	)	$	15		$	(425	)	$	(27	)
Fuel, purchased power and interchange	—			8			(4		)	11
Foreign currency swap - other - net	(6		)	(20		)	(1		)	(52		)
Interest rate contracts - interest expense	(8		)	11			(35		)	11
Total	$	(167	)	$	14		$	(465	)	$	(57	)

————————————

(a) For the three and six months ended June 30, 2014, FPL recorded approximately $11 million and $147 million of gains, respectively, related to commodity contracts as regulatory liabilities on its condensed consolidated balance sheets.  For the three and six months ended June 30, 2013, FPL recorded approximately $149 million and $5 million of losses, respectively, related to commodity contracts as regulatory assets on its condensed consolidated balance sheets.