Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2011

Commitments and Contingencies [Abstract]

Schedule of Planned Capital Expenditures

At June 30, 2011, estimated planned capital expenditures for the remainder of 2011 through 2015 were as follows:

	2011		2012		2013		2014		2015		Total
	(millions)
FPL:
Generation:(a)
New(b)(c)	$	755	$	1,750	$	515	$	85	$	-	$	3,105
Existing		410		785		720		640		550		3,105
Transmission and distribution		430		780		685		640		630		3,165
Nuclear fuel		165		170		255		205		220		1,015
General and other		95		200		215		120		120		750
Total	$	1,855	$	3,685	$	2,390	$	1,690	$	1,520	$	11,140
NextEra Energy Resources:
Wind(d)	$	340	$	445	$	10	$	5	$	5	$	805
Solar(e)		710		925		485		35		-		2,155
Nuclear(f)		325		290		255		260		280		1,410
Natural gas		50		35		60		40		115		300
Other(g)		125		70		50		60		45		350
Total	$	1,550	$	1,765	$	860	$	400	$	445	$	5,020
Corporate and Other(h)	$	300	$	455	$	70	$	40	$	35	$	900

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(a)	Includes allowance for funds used during construction (AFUDC) of approximately $19 million, $79 million, $83 million and $33 million in 2011 to 2014, respectively.
(b)	Includes land, generating structures, transmission interconnection and integration and licensing.
(c)	Consists of projects that have received FPSC approval.  Includes pre-construction costs and carrying charges (equal to a pretax AFUDC rate) on construction costs recoverable through the capacity clause of approximately $73 million, $98 million, $30 million and $2 million in 2011 to 2014, respectively.  Excludes capital expenditures for the construction costs for the two additional nuclear units at FPL's Turkey Point site beyond what is required to receive an NRC license for each unit.  Excludes capital expenditures for the modernization of the Port Everglades facility, which if the project proceeds and the required regulatory approvals are obtained is expected to cost approximately $1.2 billion and be placed in-service in 2016.
(d)	Consists of capital expenditures for planned new wind projects that have received applicable internal approvals and related transmission.  NextEra Energy Resources plans to add new wind generation of approximately 1,400 mw to 2,000 mw in 2011 and 2012, at a total cost of approximately $3 billion to $4 billion.  These amounts include 150 mw added to date in 2011.
(e)	Consists of capital expenditures for planned new solar projects that have received applicable internal approvals and related transmission.  NextEra Energy Resources plans to add new solar generation of approximately 400 mw to 600 mw in 2010 through 2014, at a total cost of approximately $3 billion to $4 billion.  These amounts include 5 mw added in 2010 and 5 mw added to date in 2011.
(f)	Includes nuclear fuel.
(g)	Consists of capital expenditures that have received applicable internal approvals.  NextEra Energy Resources plans to add natural gas infrastructure projects at a total cost of approximately $400 million to $600 million in 2010 through 2014.
(h)	Consists of capital expenditures that have received applicable internal approvals and includes AFUDC of approximately $6 million, $40 million and $14 million in 2011 to 2013, respectively.

Required capacity and/or minimum payments under contracts

The required capacity and/or minimum payments under the contracts discussed above as of June 30, 2011 were estimated as follows:

	2011		2012		2013		2014		2015		Thereafter
FPL:	(millions)
Capacity payments:(a)
Qualifying facilities	$	140	$	290	$	275	$	275	$	280	$	2,630
JEA and Southern subsidiaries	$	115	$	225	$	220	$	200	$	175	$	195
Other electricity suppliers	$	5	$	5	$	-	$	-	$	-	$	-
Minimum payments, at projected prices:
Natural gas, including transportation and storage(b)	$	1,265	$	1,485	$	840	$	550	$	535	$	7,345
Oil(b)	$	50	$	-	$	-	$	-	$	-	$	-
Coal(b)	$	45	$	70	$	60	$	5	$	-	$	-
NextEra Energy Resources(c)	$	1,630	$	475	$	230	$	185	$	165	$	840
Corporate and Other	$	140	$	235	$	15	$	-	$	-	$	-

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(a)	Capacity payments under these contracts, substantially all of which are recoverable through the capacity clause, totaled approximately $124 million and $137 million for the three months ended June 30, 2011 and 2010, respectively, and approximately $247 million and $286 million for the six months ended June 30, 2011 and 2010, respectively.  Energy payments under these contracts, which are recoverable through the fuel clause, totaled approximately $129 million and $114 million for the three months ended June 30, 2011 and 2010, respectively, and approximately $206 million and $213 million for the six months ended June 30, 2011 and 2010, respectively.
(b)	Recoverable through the fuel clause.
(c)	Includes termination payments associated with wind turbine contracts for projects that have not yet received applicable internal approvals.