Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information [Abstract]

Segment Information

11.  Segment Information

NextEra Energy's reportable segments include FPL, a rate-regulated utility, and NextEra Energy Resources, a competitive energy business.  NextEra Energy Resources' financial statements include an allocation of interest expense from Capital Holdings based on a deemed capital structure of 70% debt and allocated shared service costs.  Corporate and Other represents other business activities, other segments that are not separately reportable and eliminating entries.  NextEra Energy's segment information is as follows:

	Three Months Ended June 30,
	2011										2010
	FPL		NextEra Energy Resources(a)			Corporate & Other			NextEra Energy Consoli- dated		FPL		NextEra Energy Resources(a)			Corporate & Other			NextEra Energy Consoli- dated
									(millions)
Operating revenues	$	2,801	$	1,105		$	55		$	3,961	$	2,580		$	965	$	46		$	3,591
Operating expenses	$	2,230	$	776	(b)	$	48		$	3,054	$	2,079		$	767	$	36		$	2,882
Net income (loss)	$	301	$	239	(c)	$	40	(d)	$	580	$	265		$	154	$	(2	)	$	417

	Six Months Ended June 30,
	2011										2010
	FPL		NextEra Energy Resources(a)			Corporate & Other			NextEra Energy Consoli- dated		FPL		NextEra Energy Resources(a)		Corporate & Other			NextEra Energy Consoli- dated
									(millions)
Operating revenues	$	5,047	$	1,938		$	109		$	7,094	$	4,908	$	2,212	$	93		$	7,213
Operating expenses	$	4,069	$	1,600	(b)	$	90		$	5,759	$	4,014	$	1,478	$	73		$	5,565
Net income (loss)	$	506	$	304	(c)	$	38	(d)	$	848	$	456	$	521	$	(4	)	$	973

	June 30, 2011								December 31, 2010
	FPL		NextEra Energy Resources		Corporate & Other		NextEra Energy Consoli- dated		FPL		NextEra Energy Resources		Corporate & Other		NextEra Energy Consoli- dated
							(millions)
Total assets	$	30,128	$	22,752	$	1,677	$	54,557	$	28,698	$	22,389	$	1,907	$	52,994

¾¾¾¾¾¾¾¾¾¾

(a)	Interest expense allocated from Capital Holdings to NextEra Energy Resources is based on a deemed capital structure of 70% debt.  For this purpose, the deferred credit associated with differential membership interests sold by NextEra Energy Resources subsidiaries is included with debt.  Residual non-utility interest expense is included in Corporate and Other.
(b)	Includes impairment charges of approximately $51 million.  See Note 3.
(c)	Includes after-tax impairment charge of approximately $31 million.  See Note 3.  See Note 5 for a discussion of NextEra Energy Resources' tax benefits related to PTCs.
(d)	Includes state deferred income tax benefits, net of federal income taxes, of approximately $64 million, primarily related to recent state tax law changes.  See Note 5.

NextEra Energy Resources reviews the estimated useful lives of its fixed assets on an ongoing basis.  In the first quarter of 2011, this review indicated that the actual lives of certain equipment at NextEra Energy Resources' wind plants are expected to be longer than the previously estimated useful lives used for depreciation purposes.  As a result, effective January 1, 2011, NextEra Energy Resources changed the estimates of the useful lives of certain equipment to better reflect the estimated periods during which these assets are expected to remain in service.  The useful lives of substantially all of the wind plants' equipment that were previously estimated to be 25 years were increased to 30 years.  The effect of this change in estimate was to reduce depreciation and amortization expense by approximately $19 million and $37 million, increase net income by $11 million and $22 million, and increase basic and diluted earnings per share by approximately $0.03 and $0.05, for the three and six months ended June 30, 2011, respectively.  The effect of this change in estimate for the year ended December 31, 2011 is expected to reduce depreciation and amortization expense by approximately $75 million, increase net income by $44 million and increase basic and diluted earnings per share by approximately $0.11.