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Summarized Financial Information of Capital Holdings (Tables)
9 Months Ended
Sep. 30, 2011
Summarized Financial Information [Abstract] 
Condensed Consolidating Statements
Condensed consolidating financial information is as follows:

Condensed Consolidating Statements of Income

 
 
Three Months Ended September 30,
 
 
2011
 
2010
 
 
NextEra
Energy
(Guarantor)
 
Capital
Holdings
 
Other(a)
 
NextEra
Energy
Consoli-
dated
 
NextEra
Energy
(Guarantor)
 
Capital
Holdings
 
Other(a)
 
NextEra
Energy
Consoli-
dated
 
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
 
$

 
$
1,232

 
$
3,150

 
$
4,382

 
$

 
$
1,578

 
$
3,113

 
$
4,691

Operating expenses
 
(4
)
 
(973
)
 
(2,494
)
 
(3,471
)
 
(1
)
 
(1,036
)
 
(2,529
)
 
(3,566
)
Interest expense
 
(3
)
 
(164
)
 
(98
)
 
(265
)
 
(4
)
 
(156
)
 
(87
)
 
(247
)
Other income (deductions) - net
 
417

 
(86
)
 
(412
)
 
(81
)
 
699

 
74

 
(691
)
 
82

Income (loss) before income taxes
 
410

 
9

 
146

 
565

 
694

 
460

 
(194
)
 
960

Income tax expense (benefit)
 
3

 
(60
)
 
215

 
158

 
(26
)
 
72

 
194

 
240

Net income (loss)
 
$
407

 
$
69

 
$
(69
)
 
$
407

 
$
720

 
$
388

 
$
(388
)
 
$
720

————————————
(a)
Represents FPL and consolidating adjustments.

 
 
Nine Months Ended September 30,
 
 
2011
 
2010
 
 
NextEra
Energy
(Guarantor)
 
Capital
Holdings
 
Other(a)
 
NextEra
Energy
Consoli-
dated
 
NextEra
Energy
(Guarantor)
 
Capital
Holdings
 
Other(a)
 
NextEra
Energy
Consoli-
dated
 
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
 
$

 
$
3,285

 
$
8,191

 
$
11,476

 
$

 
$
3,888

 
$
8,016

 
$
11,904

Operating expenses
 
(11
)
 
(2,662
)
 
(6,557
)
 
(9,230
)
 
(3
)
 
(2,590
)
 
(6,538
)
 
(9,131
)
Interest expense
 
(10
)
 
(486
)
 
(279
)
 
(775
)
 
(11
)
 
(463
)
 
(258
)
 
(732
)
Other income (deductions) - net
 
1,215

 
40

 
(1,197
)
 
58

 
1,689

 
159

 
(1,663
)
 
185

Income (loss) before income taxes
 
1,194

 
177

 
158

 
1,529

 
1,675

 
994

 
(443
)
 
2,226

Income tax expense (benefit)
 
(62
)
 
(185
)
 
520

 
273

 
(19
)
 
83

 
468

 
532

Net income (loss)
 
$
1,256

 
$
362

 
$
(362
)
 
$
1,256

 
$
1,694

 
$
911

 
$
(911
)
 
$
1,694

————————————
(a)
Represents FPL and consolidating adjustments.

Condensed Consolidating Balance Sheets

 
September 30, 2011
 
December 31, 2010
 
NextEra
Energy
(Guaran-
tor)
 
Capital
Holdings
 
Other(a)
 
NextEra
Energy
Consoli-
dated
 
NextEra
Energy
(Guaran-
tor)
 
Capital
Holdings
 
Other(a)
 
NextEra
Energy
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
PROPERTY, PLANT AND EQUIPMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Electric utility plant in service and other property
$
31

 
$
21,911

 
$
34,281

 
$
56,223

 
$
19

 
$
21,779

 
$
32,423

 
$
54,221

Less accumulated depreciation and amortization
(2
)
 
(4,125
)
 
(10,979
)
 
(15,106
)
 

 
(4,275
)
 
(10,871
)
 
(15,146
)
Total property, plant and equipment - net
29

 
17,786

 
23,302

 
41,117

 
19

 
17,504

 
21,552

 
39,075

CURRENT ASSETS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents

 
610

 
30

 
640

 

 
282

 
20

 
302

Receivables
133

 
1,065

 
1,039

 
2,237

 
654

 
1,380

 
548

 
2,582

Other
8

 
1,881

 
1,486

 
3,375

 
9

 
1,024

 
1,341

 
2,374

Total current assets
141

 
3,556

 
2,555

 
6,252

 
663

 
2,686

 
1,909

 
5,258

OTHER ASSETS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Investment in subsidiaries
14,719

 

 
(14,719
)
 

 
14,150

 

 
(14,150
)
 

Other
475

 
4,339

 
4,402

 
9,216

 
365

 
3,845

 
4,451

 
8,661

Total other assets
15,194

 
4,339

 
(10,317
)
 
9,216

 
14,515

 
3,845

 
(9,699
)
 
8,661

TOTAL ASSETS
$
15,364

 
$
25,681

 
$
15,540

 
$
56,585

 
$
15,197

 
$
24,035

 
$
13,762

 
$
52,994

CAPITALIZATION
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Common shareholders' equity
$
14,887

 
$
4,185

 
$
(4,185
)
 
$
14,887

 
$
14,461

 
$
4,359

 
$
(4,359
)
 
$
14,461

Long-term debt

 
13,154

 
6,885

 
20,039

 

 
11,331

 
6,682

 
18,013

Total capitalization
14,887

 
17,339

 
2,700

 
34,926

 
14,461

 
15,690

 
2,323

 
32,474

CURRENT LIABILITIES
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Debt due within one year

 
1,975

 
457

 
2,432

 

 
2,664

 
145

 
2,809

Accounts payable

 
604

 
732

 
1,336

 

 
571

 
553

 
1,124

Other
152

 
1,769

 
1,730

 
3,651

 
352

 
1,361

 
1,258

 
2,971

Total current liabilities
152

 
4,348

 
2,919

 
7,419

 
352

 
4,596

 
1,956

 
6,904

OTHER LIABILITIES AND DEFERRED CREDITS
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Asset retirement obligations

 
482

 
1,126

 
1,608

 

 
556

 
1,083

 
1,639

Accumulated deferred income taxes
48

 
1,221

 
4,088

 
5,357

 
53

 
1,336

 
3,720

 
5,109

Regulatory liabilities
37

 

 
4,242

 
4,279

 
46

 

 
4,213

 
4,259

Other
240

 
2,291

 
465

 
2,996

 
285

 
1,857

 
467

 
2,609

Total other liabilities and deferred credits
325

 
3,994

 
9,921

 
14,240

 
384

 
3,749

 
9,483

 
13,616

COMMITMENTS AND CONTINGENCIES


 


 


 


 


 


 


 


TOTAL CAPITALIZATION AND LIABILITIES
$
15,364

 
$
25,681

 
$
15,540

 
$
56,585

 
$
15,197

 
$
24,035

 
$
13,762

 
$
52,994

————————————
(a)
Represents FPL and consolidating adjustments.