XML 96 R38.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2019
Long-term Purchase Commitment [Line Items]  
Schedule of Planned Capital Expenditures
At December 31, 2019, estimated capital expenditures for 2020 through 2024 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:
 
2020
 
2021
 
2022
 
2023
 
2024
 
Total
 
(millions)
FPL:
 
 
 
 
 
 
 
 
 
 
 
Generation:(a)
 
 
 
 
 
 
 
 
 
 
 
New(b)
$
1,345

 
$
730

 
$
555

 
$
500

 
$

 
$
3,130

Existing
855

 
970

 
930

 
925

 
840

 
4,520

Transmission and distribution(c)
3,150

 
3,905

 
4,030

 
4,120

 
4,885

 
20,090

Nuclear fuel
205

 
220

 
165

 
120

 
145

 
855

General and other
730

 
480

 
440

 
380

 
470

 
2,500

Total
$
6,285

 
$
6,305

 
$
6,120

 
$
6,045

 
$
6,340

 
$
31,095

Gulf Power
$
800

 
$
770

 
$
645

 
$
650

 
$
680

 
$
3,545

NEER:
 
 
 
 
 
 
 
 
 
 
 
Wind(d)
$
3,265

 
$
20

 
$
10

 
$
10

 
$
10

 
$
3,315

Solar(e)
945

 
230

 
5

 
5

 

 
1,185

Nuclear, including nuclear fuel
170

 
180

 
170

 
130

 
150

 
800

Natural gas pipelines(f)
600

 
195

 
20

 

 

 
815

Rate-regulated transmission
300

 
110

 
5

 

 

 
415

Other
580

 
50

 
70

 
60

 
60

 
820

Total
$
5,860

 
$
785

 
$
280

 
$
205

 
$
220

 
$
7,350

______________________
(a)
Includes AFUDC of approximately $45 million, $70 million, $40 million, and $20 million for 2020 through 2023, respectively.
(b)
Includes land, generation structures, transmission interconnection and integration and licensing.
(c)
Includes AFUDC of approximately $40 million, $50 million, $40 million, $25 million and $20 million for 2020 through 2024, respectively.
(d)
Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 4,400 MW.
(e)
Includes capital expenditures for new solar projects and related transmission totaling approximately 1,180 MW.
(f)
Construction of two natural gas pipelines are subject to certain conditions, including applicable regulatory approvals. In addition, completion of another natural gas pipeline is subject to final permitting.

Required Capacity and/or Minimum Payments
The required capacity and/or minimum payments under contracts, including those discussed above at December 31, 2019, were estimated as follows:
 
2020
 
2021
 
2022
 
2023
 
2024
 
Thereafter
 
(millions)
FPL(a)
$
1,035

 
$
1,005

 
$
985

 
$
975

 
$
970

 
$
11,625

NEER(b)(c)(d)
$
3,355

 
$
395

 
$
255

 
$
130

 
$
140

 
$
1,415

_______________________
(a)
Includes approximately $385 million, $415 million, $415 million, $410 million, $410 million and $6,765 million in 2020 through 2024 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection, LLC. The charges associated with these agreements are recoverable through the fuel clause and totaled approximately $316 million and $303 million for the years ended December 31, 2019 and 2018, respectively, of which $108 million and $95 million, respectively, were eliminated in consolidation at NEE.      
(b)
Includes approximately $70 million, $70 million, $70 million, $70 million and $1,110 million for 2021 through 2024 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 an approximately $110 million commitment to invest in technology investments through 2029.
(d)
Includes approximately $60 million, $20 million, $20 million, $20 million, $10 million and $15 million for 2020 through 2024 and thereafter, respectively, of joint obligations of NEECH and NEER