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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2023
Commitments and Contingencies [Abstract]  
Schedule of Planned Capital Expenditures
At September 30, 2023, estimated capital expenditures, on an accrual basis, for the remainder of 2023 through 2027 were as follows:

 Remainder of 20232024202520262027Total
 (millions)
FPL:
Generation:(a)
New(b)
$645 $2,390 $2,750 $3,665 $3,195 $12,645 
Existing3901,3501,0251,3301,4655,560 
Transmission and distribution(c)
7903,4103,4153,1603,41514,190 
Nuclear fuel1151452002953001,055 
General and other2555105904655852,405 
Total$2,195 $7,805 $7,980 $8,915 $8,960 $35,855 
NEER:(d)
      
Wind(e)
$1,355 $2,135 $535 $85 $95 $4,205 
Solar(f)
1,225 2,225 1,210 10 4,675 
Other clean energy(g)
605 730 390 70 70 1,865 
Nuclear, including nuclear fuel
85 265 245 210 295 1,100 
Rate-regulated transmission(h)
230 700 1,180 835 20 2,965 
Other(i)
500 625 205 220 245 1,795 
Total$4,000 $6,680 $3,765 $1,430 $730 $16,605 
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(a)Includes AFUDC of approximately $40 million, $110 million, $75 million, $120 million and $115 million for the remainder of 2023 through 2027, respectively.
(b)Includes land, generation structures, transmission interconnection and integration and licensing.
(c)Includes AFUDC of approximately $15 million, $50 million, $50 million, $30 million and $30 million for the remainder of 2023 through 2027, respectively.
(d)Represents capital expenditures for which applicable internal approvals and also, if required, regulatory approvals have been received.
(e)Consists of capital expenditures for new wind projects and repowering of existing wind projects totaling approximately 3,730 MW, and related transmission.
(f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 6,565 MW and related transmission.
(g)Includes capital expenditures primarily for battery storage projects and renewable fuels projects.
(h)Includes AFUDC of approximately $5 million, $30 million, $90 million, $125 million and $5 million for the remainder of 2023 through 2027, respectively.
(i)Includes equity contributions in 2023 and 2024 for the construction of Mountain Valley Pipeline.
Required capacity and/or minimum payments under contracts
The required capacity and/or minimum payments under contracts, including those discussed above, at September 30, 2023 were estimated as follows:
Remainder of 20232024202520262027Thereafter
(millions)
FPL(a)
$275 $1,070 $1,075 $1,075 $970 $8,565 
NEER(b)(c)(d)
$2,505 $3,260 $285 $165 $150 $1,690 
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(a)Includes approximately $105 million, $410 million, $405 million, $400 million, $400 million and $5,560 million for the remainder of 2023 through 2027 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 the three and nine months ended September 30, 2023, the charges associated with these agreements totaled approximately $104 million and $314 million, respectively, of which $25 million and $74 million, respectively, were eliminated in consolidation at NEE. For the three and nine months ended September 30, 2022, the charges associated with these agreements totaled approximately $104 million and $314 million, respectively, of which $26 million and $77 million, respectively, were eliminated in consolidation at NEE.
(b)Includes equity contributions in 2023 and 2024 and a 20-year natural gas transportation agreement (approximately $70 million per year) with Mountain Valley Pipeline, a joint venture in which NEER has a 32.2% equity investment, that is constructing a natural gas pipeline. The transportation agreement commitments are subject to the completion of construction.
(c)Includes approximately $235 million of commitments to invest in technology and other investments through 2031. See Note 7 – Other.
(d)Includes approximately $565 million, $1,385 million, $5 million, $5 million, $0 million and $0 million for the remainder of 2023 through 2027 and thereafter, respectively, of joint obligations of NEECH and NEER.