Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies [Abstract]

Schedule of Planned Capital Expenditures

At June 30, 2016, estimated capital expenditures for the remainder of 2016 through 2020 for which applicable internal approvals (and also FPSC approvals for FPL, if required) have been received were as follows:

	Remainder of 2016		2017		2018		2019		2020		Total
	(millions)
FPL:
Generation:(a)
New(b)(c)	$	395	$	645	$	270	$	105	$	10	$	1,425
Existing	385		955		675		520		540		3,075
Transmission and distribution	915		2,060		1,985		2,485		2,335		9,780
Nuclear fuel	100		125		190		170		210		795
General and other	190		265		240		185		185		1,065
Total	$	1,985	$	4,050	$	3,360	$	3,465	$	3,280	$	16,140
NEER:
Wind(d)	$	1,190	$	50	$	35	$	30	$	30	$	1,335
Solar(e)	305		25		—		—		—		330
Nuclear, including nuclear fuel	175		235		265		255		250		1,180
Natural gas pipelines(f)	740		820		620		85		25		2,290
Other	215		45		50		55		45		410
Total	$	2,625	$	1,175	$	970	$	425	$	350	$	5,545
Corporate and Other	$	110	$	215	$	175	$	190	$	125	$	815

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(a) Includes AFUDC of approximately $39 million, $44 million, $63 million and $27 million for the remainder of 2016 through 2019, respectively.

(b) Includes land, generation structures, transmission interconnection and integration and licensing.

(c) 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 and maintain an NRC license for each unit.

(d) Consists of capital expenditures for new wind projects and related transmission totaling approximately 1,465 MW.

(e) Includes capital expenditures for new solar projects and related transmission totaling approximately 720 MW.

(f) Includes capital expenditures for construction of three natural gas pipelines, including equity contributions associated with equity investments in joint ventures for two pipelines and AFUDC associated with the third pipeline. The natural gas pipelines are subject to certain conditions. 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, 2016 were estimated as follows:

	Remainder of 2016		2017		2018		2019		2020		Thereafter
	(millions)
FPL:
Capacity charges(a)	$	85	$	170	$	155	$	135	$	110	$	690
Minimum charges, at projected prices:(b)
Natural gas, including transportation and storage(c)	$	635	$	1,010	$	870	$	860	$	910	$	12,970
Coal, including transportation	$	50	$	45	$	5	$	5	$	—	$	—
NEER	$	2,040	$	835	$	775	$	180	$	85	$	350
Corporate and Other(d)(e)	$	85	$	5	$	5	$	—	$	5	$	—

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(a) Capacity charges under these contracts, substantially all of which are recoverable through the capacity clause, totaled approximately $46 million and $117 million for the three months ended June 30, 2016 and 2015, respectively, and approximately $93 million and $236 million for the six months ended June 30, 2016 and 2015, respectively. Energy charges under these contracts, which are recoverable through the fuel clause, totaled approximately $31 million and $78 million for the three months ended June 30, 2016 and 2015, respectively, and approximately $47 million and $122 million for the six months ended June 30, 2016 and 2015, respectively.

(b) Recoverable through the fuel clause.

(c) Includes approximately $200 million, $295 million, $290 million, $360 million and $7,885 million in 2017, 2018, 2019 , 2020 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 $35 million commitment to invest primarily in clean power and technology businesses through 2021.

(e) Excludes approximately $495 million in 2016 of joint obligations of NEECH and NEER which are included in the NEER amounts above.