Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2025

Commitments and Contingencies [Abstract]

Schedule of Planned Capital Expenditures

At June 30, 2025, estimated capital expenditures, on an accrual basis, for the remainder of 2025 through 2029 were as follows:

	Remainder of 2025		2026		2027		2028		2029		Total
	(millions)
FPL:
Generation:(a)
New(b)	$	1,035	$	3,925	$	3,385	$	3,385	$	3,510	$	15,240
Existing	425		1,160		1,325		1,275		1,275		5,460
Transmission and distribution(c)	2,110		4,255		4,080		4,325		4,710		19,480
Nuclear fuel	155		300		305		395		375		1,530
General and other	470		880		810		790		715		3,665
Total	$	4,195	$	10,520	$	9,905	$	10,170	$	10,585	$	45,375
NEER:(d)
Wind(e)	$	1,440	$	2,470	$	475	$	75	$	50	$	4,510
Solar(f)	3,810		5,670		2,040		1,570		—		13,090
Other clean energy(g)	945		1,935		1,370		95		—		4,345
Nuclear, including nuclear fuel	215		385		420		425		420		1,865
Rate-regulated transmission	720		1,095		700		365		710		3,590
Other	250		340		270		250		265		1,375
Total	$	7,380	$	11,895	$	5,275	$	2,780	$	1,445	$	28,775

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(a)Includes AFUDC of approximately $75 million, $170 million, $180 million, $175 million and $160 million for the remainder of 2025 through 2029, respectively.

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

(c)Includes AFUDC of approximately $30 million, $80 million, $75 million, $110 million and $140 million for the remainder of 2025 through 2029, 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 2,911 MW, and related transmission.

(f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 11,888 MW and related transmission.

(g)Includes capital expenditures primarily for battery storage projects totaling approximately 3,795 MW and related transmission, as well as renewable fuels projects.

Required capacity and/or minimum payments under contracts

The required capacity and/or minimum payments under contracts, including those discussed above, at June 30, 2025 were estimated as follows:

	Remainder of 2025		2026		2027		2028		2029		Thereafter
	(millions)
FPL(a)	$	595	$	1,165	$	1,135	$	1,100	$	1,090	$	7,290
NEER(b)(c)	$	3,510	$	2,615	$	515	$	240	$	125	$	425

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(a)Includes approximately $205 million, $400 million, $400 million, $400 million, $395 million and $4,765 million for the remainder of 2025 through 2029 and thereafter, respectively, of firm commitments related to natural gas transportation agreements with affiliates. The charges associated with these agreements are recoverable through the fuel clause. For the three and six months ended June 30, 2025, the charges associated with these agreements totaled approximately $104 million and $204 million, respectively. For the three and six months ended June 30, 2024, the charges associated with these agreements totaled approximately $102 million and $203 million, respectively, of which $24 million and $48 million, respectively, were eliminated in consolidation at NEE.

(b)Includes approximately $165 million of commitments to invest in technology and other investments through 2032. See Note 6 – Other.

(c)Includes approximately $875 million and $190 million for the remainder of 2025 and 2026, respectively, of joint obligations of NEECH and NEER.