Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Derivative [Line Items]

Schedule of derivative instruments in statement of financial position, fair value

Fair Value of Derivative Instruments - The tables below present NEE's and FPL's gross derivative positions at December 31, 2014 and December 31, 2013, as required by disclosure rules. However, the majority of the underlying contracts are subject to master netting agreements and generally would not be contractually settled on a gross basis. Therefore, the tables below also present the derivative positions on a net basis, which reflect the offsetting of positions of certain transactions within the portfolio, the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral (see Note 4 - Recurring Fair Value Measurements for netting information), as well as the location of the net derivative position on the consolidated balance sheets.

	December 31, 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	$	—	$	—	$	6,145	$	5,290	$	1,949	$	1,358
Interest rate contracts	35		126		—		125		50		266
Foreign currency swaps	—		131		—		—		—		131
Total fair values	$	35	$	257	$	6,145	$	5,415	$	1,999	$	1,755
FPL:
Commodity contracts	$	—	$	—	$	8	$	371	$	7	$	370
Net fair value by NEE balance sheet line item:
Current derivative assets(a)									$	990
Noncurrent derivative assets(b)									1,009
Current derivative liabilities(c)											$	1,289
Noncurrent derivative liabilities(d)											466
Total derivatives									$	1,999	$	1,755
Net fair value by FPL balance sheet line item:
Current other assets									$	6
Noncurrent other assets									1
Current derivative liabilities											$	370
Total derivatives									$	7	$	370

______________________

(a) Reflects the netting of approximately $197 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $97 million in margin cash collateral received from counterparties.

(c) Reflects the netting of approximately $20 million in margin cash collateral paid to counterparties.

(d) Reflects the netting of approximately $10 million in margin cash collateral paid 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 derivative 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:

	December 31, 2014					December 31, 2013
Commodity Type	NEE			FPL		NEE			FPL
	(millions)
Power	(73	)	MWh(a)	—		(276	)	MWh(a)	—
Natural gas	1,436		MMBtu(b)	845	MMBtu(b)	1,140		MMBtu(b)	674	MMBtu(b)
Oil	(11	)	barrels	—		(10	)	barrels	—

______________________

(a) Megawatt-hours

(b) One million British thermal units

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Derivative instruments, gain (loss) in statement of financial performance

Gains (losses) related to NEE's derivatives not designated as hedging instruments are recorded in NEE's consolidated statements of income as follows:

	Years Ended December 31,
	2014			2013			2012
	(millions)
Commodity contracts:(a)
Operating revenues	$	420		$	76		$	171
Fuel, purchased power and interchange	1			—			38
Foreign currency swap - other - net	(1		)	(72		)	(60		)
Interest rate contracts - interest expense	(64		)	3			—
Total	$	356		$	7		$	149

______________________

(a) For the years ended December 31, 2014, 2013 and 2012, FPL recorded gains (losses) of approximately $(289) million, $81 million and $(177) million, respectively, related to commodity contracts as regulatory liabilities (assets) on its consolidated balance sheets.

Cash Flow Hedging [Member]

Derivative [Line Items]

Derivative instruments, gain (loss) in statement of financial performance

Income Statement Impact of Derivative Instruments - Gains (losses) related to NEE's cash flow hedges are recorded in NEE's consolidated financial statements (none at FPL) as follows:

	Year Ended    December 31, 2014											Year Ended    December 31, 2013										Year Ended    December 31, 2012
		Interest Rate Contracts			Foreign Currency Swaps				Total			Interest Rate Contracts			Foreign Currency Swaps				Total			Commodity Contracts		Interest Rate Contracts			Foreign Currency Swaps				Total
	(millions)
Gains (losses) recognized in OCI		$	(132	)	$	(89	)		$	(221	)	$	150		$	(21	)		$	129		$	—	$	(131	)	$	(30	)		$	(161	)
Gains (losses) reclassified from AOCI to net income(a)		$	(77	)	$	(78	)	(b)	$	(155	)	$	(61	)	$	(44	)	(b)	$	(105	)	$	8	$	(56	)	$	(21	)	(b)	$	(69	)

______________________

(a) Included in operating revenues for commodity contracts and interest expense for interest rate contracts.

(b) For 2014, 2013 and 2012, losses of approximately $8 million, $4 million and $3 million, respectively, are included in interest expense and the balances are included in other - net.