Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of Planned Capital Expenditures

As of December 31, 2025, estimated capital expenditures, on an accrual basis, for 2026 through 2030 were as follows:

	2026		2027		2028		2029		2030		Total
	(millions)
FPL:
Generation:(a)
New(b)	$	4,255	$	3,505	$	4,365	$	4,125	$	3,525	$	19,775
Existing	1,180		1,360		1,300		1,300		1,350		6,490
Transmission and distribution(c)	4,540		4,910		4,775		5,900		6,720		26,845
Nuclear fuel	270		340		425		385		380		1,800
General and other	940		755		740		665		620		3,720
Total	$	11,185	$	10,870	$	11,605	$	12,375	$	12,595	$	58,630
NEER:(d)
Wind(e)	$	2,750	$	1,240	$	1,050	$	120	$	110	$	5,270
Solar(f)	8,045		3,840		1,620		5		10		13,520
Other clean energy(g)	2,900		3,070		525		15		10		6,520
Nuclear, including nuclear fuel	685		1,070		850		525		440		3,570
Regulated electric and gas transmission	1,095		1,050		760		650		740		4,295
Other	905		460		310		335		370		2,380
Total	$	16,380	$	10,730	$	5,115	$	1,650	$	1,680	$	35,555

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(a)Includes AFUDC of approximately $195 million, $200 million, $220 million, $210 million and $175 million for 2026 through 2030, respectively.

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

(c)Includes AFUDC of approximately $80 million, $95 million, $105 million, $165 million and $160 million for 2026 through 2030, 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 3,575 MW, and related transmission.

(f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 11,435 MW and related transmission.

(g)Includes capital expenditures primarily for battery storage projects totaling approximately 4,616 MW and related transmission, as well as renewable fuels projects.

Required Capacity and/or Minimum Payments

The required capacity and/or minimum payments under contracts, including those discussed above as of December 31, 2025, were estimated as follows:

	2026		2027		2028		2029		2030		Thereafter
	(millions)
FPL(a)	$	1,195	$	1,175	$	1,135	$	1,125	$	1,055	$	6,405
NEER(b)(c)	$	6,795	$	1,865	$	495	$	200	$	140	$	360

_______________________

(a)Includes approximately $425 million, $430 million, $430 million, $425 million, $425 million and $4,540 million in 2026 through 2030 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 and totaled approximately $409 million, $409 million and $417 million for the years ended December 31, 2025, 2024 and 2023, respectively, of which $73 million and $99 million, respectively, were eliminated in consolidation at NEE for the years ended December 31, 2024 and 2023.    

(b)Includes approximately $150 million of commitments to invest in technology and other investments through 2031. See Note 9 – Other.

(c)Includes approximately $1,140 million and $315 million for 2026 and 2027, respectively, of joint obligations of NEECH and NEER.