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Segment Information
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information

The table below presents information for NEE's reportable segments, FPL, a rate-regulated utility business, and NEER, which is comprised of competitive energy and rate-regulated transmission businesses, as well as for Gulf Power, a rate-regulated utility business acquired in January 2019 (see Note 7 - Gulf Power). Corporate and Other represents other business activities and includes eliminating entries. During the fourth quarter of 2019, NEET, which was previously reported in Corporate and Other, was moved to the NEER segment. Prior year amounts for NEER and Corporate and Other were adjusted to reflect this segment change.
 
Three Months Ended September 30,
 
2020
 
2019
 
FPL
 
Gulf Power
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
Gulf Power
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
 
 
Operating revenues
$
3,455

 
$
404

 
$
953

 
$
(27
)
 
$
4,785

 
$
3,491

 
$
440

 
$
1,675

 
$
(34
)
 
$
5,572

Operating expenses - net
$
2,395

 
$
289

 
$
1,026

 
$
67

 
$
3,777

 
$
2,518

 
$
332

 
$
1,117

 
$
12


$
3,979

Net income (loss) attributable to NEE
$
757

 
$
91

 
$
376

(b) 
$
5

 
$
1,229

 
$
683

 
$
76

 
$
381

(b) 
$
(261
)
 
$
879


 
Nine Months Ended September 30,
 
2020
 
2019
 
FPL
 
Gulf Power
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
Gulf Power
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
 
 
Operating revenues
$
8,820

 
$
1,065

 
$
3,802

 
$
(85
)
 
$
13,602

 
$
9,267

 
$
1,134

 
$
4,301

 
$
(86
)
 
$
14,616

Operating expenses - net
$
5,779

 
$
817

 
$
2,706

 
$
124

 
$
9,426

 
$
6,582

 
$
901

 
$
2,579


$
78


$
10,140

Net income (loss) attributable to NEE
$
2,148

 
$
185

 
$
1,175

(b) 
$
(584
)
 
$
2,924

 
$
1,934

 
$
158

 
$
1,374

(b) 
$
(672
)
 
$
2,794

———————————————
(a)
Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.
(b)
See Note 6 for a discussion of NEER's tax benefits related to PTCs.


 
September 30, 2020
 
December 31, 2019
 
FPL
 
Gulf Power
 
NEER
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
Gulf Power
 
NEER
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
 
 
Total assets
$
60,503

 
$
6,679

 
$
54,961

 
$
4,239

 
$
126,382

 
$
57,188

 
$
5,855

 
$
51,516

 
$
3,132

 
$
117,691