XML 46 R31.htm IDEA: XBRL DOCUMENT v3.19.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2019
Commitments and Contingencies [Abstract]  
Schedule of Planned Capital Expenditures
At June 30, 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)
$
860

 
$
1,380

 
$
525

 
$
945

 
$
790

 
$
4,500

Existing
635

 
720

 
1,050

 
775

 
810

 
3,990

Transmission and distribution(c)
1,620

 
3,160

 
3,675

 
3,525

 
3,840

 
15,820

Nuclear fuel
110

 
205

 
220

 
165

 
120

 
820

General and other
400

 
530

 
475

 
345

 
365

 
2,115

Total
$
3,625

 
$
5,995

 
$
5,945

 
$
5,755

 
$
5,925

 
$
27,245

Gulf Power
$
535

 
$
1,050

 
$
700

 
$
670

 
$
720

 
$
3,675

NEER:
 

 
 

 
 

 
 

 
 

 
 

Wind(d)
$
1,820

 
$
2,935

 
$
25

 
$
20

 
$
20

 
$
4,820

Solar(e)
540

 
285

 
175

 
5

 
—

 
1,005

Nuclear, including nuclear fuel
130

 
165

 
170

 
175

 
130

 
770

Natural gas pipelines(f)
460

 
335

 
15

 
20

 
—

 
830

Other
320

 
50

 
45

 
45

 
40

 
500

Total
$
3,270

 
$
3,770

 
$
430

 
$
265

 
$
190

 
$
7,925

Corporate and Other
$
75

 
$
140

 
$
60

 
$
—

 
$
—

 
$
275

———————————————
(a)
Includes AFUDC of approximately $30 million, $80 million, $70 million, $50 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 $10 million, $40 million, $45 million, $35 million and $30 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 5,785 MW.
(e)
Includes capital expenditures for new solar projects and related transmission totaling approximately 1,105 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 June 30, 2019 were estimated as follows:
 
Remainder of 2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
(millions)
FPL(a)
$
500

 
$
1,000

 
$
995

 
$
975

 
$
975

 
$
11,505

NEER(b)(c)
$
2,185

 
$
1,545

 
$
210

 
$
195

 
$
125

 
$
1,505

Corporate and Other(d)
$
105

 
$
75

 
$
75

 
$
—

 
$
—

 
$
—

———————————————
(a)
Includes approximately $160 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. For three and six months ended June 30, 2019, the charges associated with these agreements totaled approximately $77 million and $156 million, respectively, of which $26 million and $53 million, respectively, were eliminated in consolidation at NEE. For the three and six months ended June 30, 2018, the charges associated with these agreements totaled approximately $75 million and $148 million respectively, of which $23 million and $45 million, respectively, were eliminated in consolidation at NEE.
(b)
Includes approximately $70 million, $70 million, $70 million and $1,180 million for 2021 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, which is expected in 2020.
(c)
Includes approximately $135 million of commitments to invest in technology investments through 2023.
(d)
Excludes approximately $85 million, $30 million, $30 million, $25 million and $15 million for the remainder of 2019 through 2023, respectively, of joint obligations of NEECH and NEER which are included in the NEER amounts above.