Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies [Abstract]

Schedule of Planned Capital Expenditures

At March 31, 2019, estimated capital expenditures for the remainder of 2019 through 2023 for which applicable internal approvals (and also, if required, regulatory approvals such as FPSC approvals for FPL and Gulf Power) have been received were as follows:

	Remainder of 2019		2020		2021		2022		2023		Total
	(millions)
FPL:
Generation:(a)
New(b)	$	1,075	$	1,410	$	995	$	1,000	$	790	$	5,270
Existing	985		700		895		760		810		4,150
Transmission and distribution(c)	2,205		3,170		3,135		3,530		3,895		15,935
Nuclear fuel	125		205		220		165		120		835
General and other	545		535		425		345		365		2,215
Total	$	4,935	$	6,020	$	5,670	$	5,800	$	5,980	$	28,405
Gulf Power	$	605	$	915	$	740	$	465	$	270	$	2,995
NEER:
Wind(d)	$	1,580	$	2,960	$	130	$	20	$	20	$	4,710
Solar(e)	570		230		160		—		5		965
Nuclear, including nuclear fuel	150		160		165		180		130		785
Natural gas pipelines(f)	570		310		15		20		—		915
Other	490		50		40		40		40		660
Total	$	3,360	$	3,710	$	510	$	260	$	195	$	8,035
Corporate and Other	$	60	$	30	$	15	$	—	$	—	$	105

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(a) Includes AFUDC of approximately $40 million, $70 million, $85 million, $60 million and $35 million for the remainder of 2019 through 2023, respectively.

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

(c) Includes AFUDC of approximately $15 million, $45 million, $45 million, $55 million and $45 million for the remainder of 2019 through 2023, respectively.

(d) Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 5,740 MW.

(e) Includes capital expenditures for new solar projects and related transmission totaling approximately 930 MW.

(f) Construction of a natural gas pipeline is subject to certain conditions, including FERC approval. In addition, completion of another natural gas pipeline is subject to final permitting.

Required capacity and/or minimum payments under contracts

The required capacity and/or minimum payments under contracts, including those discussed above, at March 31, 2019 were estimated as follows:

	Remainder of 2019		2020		2021		2022		2023		Thereafter
	(millions)
FPL(a)	$	750	$	995	$	985	$	975	$	970	$	11,500
NEER(b)(c)	$	2,315	$	1,075	$	175	$	185	$	110	$	1,380
Corporate and Other(d)	$	40	$	5	$	5	$	—	$	—	$	—

———————————————

(a) Includes approximately $240 million, $385 million, $415 million, $415 million, $410 million and $7,175 million for the remainder of 2019 through 2023 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection. The charges associated with these agreements are recoverable through the fuel clause and totaled approximately $79 million and $73 million for the three months ended March 31, 2019 and 2018, respectively, of which $28 million and $22 million, respectively, were eliminated in consolidation at NEE.

(b) Includes approximately $50 million, $65 million, $65 million, $65 million and $1,050 million for 2020 through 2023 and thereafter, respectively, of firm commitments related to a natural gas transportation agreement with a joint venture, in which NEER has a 31% equity investment, that is constructing a natural gas pipeline. These firm commitments are subject to the completion of construction of the pipeline.

(c) Includes an approximately $55 million commitment to invest in clean power and technology businesses through 2022.

(d) Excludes approximately $25 million, $20 million, $10 million, $10 million and $5 million for the remainder of 2019 through 2023, respectively, of joint obligations of NEECH and NEER which are included in the NEER amounts above.