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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2014
Commitments and Contingencies [Abstract]  
Schedule of Planned Capital Expenditures
At June 30, 2014, estimated capital expenditures for the remainder of 2014 through 2018 were as follows:

 
Remainder of 2014
 
2015
 
2016
 
2017
 
2018
 
Total
 
(millions)
FPL:
 
 
 
 
 
 
 
 
 
 
 
Generation:(a)
 
 
 
 
 
 
 
 
 
 
 
New(b)(c)
$
330

 
$
275

 
$
90

 
$

 
$

 
$
695

Existing
410

 
670

 
615

 
580

 
545

 
2,820

Transmission and distribution
750

 
1,205

 
1,125

 
955

 
1,025

 
5,060

Nuclear fuel
75

 
205

 
220

 
190

 
180

 
870

General and other
115

 
155

 
120

 
165

 
160

 
715

Total(d)
$
1,680

 
$
2,510

 
$
2,170

 
$
1,890

 
$
1,910

 
$
10,160

NEER:
 

 
 

 
 

 
 

 
 

 
 

Wind(e)
$
1,005

 
$
705

 
$
70

 
$
5

 
$
10

 
$
1,795

Solar(f)
365

 
850

 
405

 

 

 
1,620

Nuclear(g)
190

 
285

 
305

 
245

 
255

 
1,280

Other(h)
250

 
110

 
75

 
45

 
80

 
560

Total
$
1,810

 
$
1,950

 
$
855

 
$
295

 
$
345

 
$
5,255

Corporate and Other(i)
$
150

 
$
470

 
$
785

 
$
200

 
$
95

 
$
1,700

————————————
(a)
Includes allowance for funds used during construction (AFUDC) of approximately $21 million, $53 million and $17 million for the remainder of 2014 through 2016, respectively.
(b)
Includes land, generating structures, transmission interconnection and integration and licensing.
(c)
Consists of projects that have received FPSC approval. Excludes capital expenditures for the construction costs for the two additional nuclear units at FPL's Turkey Point site beyond what is required to receive an NRC license for each unit.
(d)
FPL has identified $1.5 billion to $2.5 billion in potential incremental capital expenditures through 2016 in addition to what is included in the table above.
(e)
Consists of capital expenditures for new wind projects and related transmission totaling approximately 1,910 MW, including approximately 465 MW in Canada, that have received applicable internal approvals.  NEER expects to add new U.S. wind generation of 2,000 MW to 2,500 MW in 2013 through 2015, including 325 MW added to date, at a total cost of up to $3.5 billion to $4.5 billion.
(f)
Consists of capital expenditures for new solar projects and related transmission totaling approximately 587 MW that have received applicable internal approvals, including equity contributions associated with a 50% equity investment in a 550 MW solar project.  Excludes solar projects requiring internal approvals with generation totaling 47 MW with an estimated cost of approximately $120 million.
(g)
Includes nuclear fuel.
(h)
Consists of capital expenditures that have received applicable internal approvals.
(i)
Includes capital expenditures totaling approximately $1.4 billion for the remainder of 2014 through 2018 for construction of a natural gas pipeline system that has received applicable internal approvals, including approximately $855 million of equity contributions associated with a 33% equity investment in the northern portion of the natural gas pipeline system and $520 million for the southern portion, which includes AFUDC of approximately $1 million, $7 million, $20 million and $11 million for the remainder of 2014 through 2017, respectively.  Construction of the natural gas pipeline system is subject to certain conditions, including FERC approval.  A FERC decision is expected in 2015.  See Contracts below.

Required capacity and/or minimum payments under contracts
The required capacity and/or minimum payments under the contracts discussed above as of June 30, 2014 were estimated as follows:

 
Remainder of 2014
 
2015
 
2016
 
2017
 
2018
 
Thereafter
 
(millions)
FPL:
 
 
 
 
 
 
 
 
 
 
 
Capacity charges:(a)
 
 
 
 
 
 
 
 
 
 
 
Qualifying facilities
$
140

 
$
290

 
$
250

 
$
255

 
$
260

 
$
1,965

JEA and Southern subsidiaries
$
110

 
$
195

 
$
70

 
$
50

 
$
10

 
$
5

Minimum charges, at projected prices:(b)
 

 
 

 
 

 
 

 
 

 
 

Natural gas, including transportation and storage(c)
$
995

 
$
1,045

 
$
685

 
$
745

 
$
825

 
$
14,520

Coal
$
35

 
$
40

 
$
20

 
$

 
$

 
$

NEER
$
1,430

 
$
1,085

 
$
480

 
$
115

 
$
120

 
$
475

Corporate and Other(d)(e)
$
95

 
$
250

 
$
510

 
$
50

 
$
25

 
$
70

————————————
(a)
Capacity charges under these contracts, substantially all of which are recoverable through the capacity cost recovery clause, totaled approximately $123 million and $119 million for the three months ended June 30, 2014 and 2013, respectively, and approximately $246 million and $244 million for the six months ended June 30, 2014 and 2013, respectively.  Energy charges under these contracts, which are recoverable through the fuel clause, totaled approximately $75 million and $86 million for the three months ended June 30, 2014 and 2013, respectively, and approximately $132 million and $109 million for the six months ended June 30, 2014 and 2013, respectively.
(b)
Recoverable through the fuel clause.
(c)
Includes approximately $200 million, $295 million and $8,535 million in 2017, 2018 and thereafter, respectively, of firm commitments, subject to certain conditions as noted above, related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection.
(d)
Includes an approximately $50 million commitment to invest in clean power and technology businesses through 2021.
(e)
Excludes approximately $195 million and $200 million in 2014 and 2015, respectively, of joint obligations of NEECH and NEER which are included in the NEER amounts above.