Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

	March 31, 2015
	Fair Values of Derivatives Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Total Derivatives Combined - Net Basis
	Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	—	$	—	$	5,853	$	4,897	$	1,975	$	1,204
Interest rate contracts	46		175		—		127		49		305
Foreign currency swaps	—		135		—		—		—		135
Total fair values	$	46	$	310	$	5,853	$	5,024	$	2,024	$	1,644
FPL:
Commodity contracts	$	—	$	—	$	7	$	378	$	5	$	376
Net fair value by NEE balance sheet line item:
Current derivative assets(a)									$	802
Noncurrent derivative assets(b)									1,222
Current derivative liabilities(c)											$	1,087
Noncurrent derivative liabilities(d)											557
Total derivatives									$	2,024	$	1,644
Net fair value by FPL balance sheet line item:
Current other assets									$	4
Noncurrent other assets									1
Current derivative liabilities											$	364
Noncurrent other liabilities											12
Total derivatives									$	5	$	376

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(a) Reflects the netting of approximately $147 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $93 million in margin cash collateral received from counterparties.

(c) Reflects the netting of approximately $53 million in margin cash collateral paid to counterparties.

(d) Reflects the netting of approximately $2 million in margin cash collateral paid to counterparties.

	December 31, 2014
	Fair Values of Derivatives Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Total Derivatives Combined - Net Basis
	Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	—	$	—	$	6,145	$	5,290	$	1,949	$	1,358
Interest rate contracts	35		126		—		125		50		266
Foreign currency swaps	—		131		—		—		—		131
Total fair values	$	35	$	257	$	6,145	$	5,415	$	1,999	$	1,755
FPL:
Commodity contracts	$	—	$	—	$	8	$	371	$	7	$	370
Net fair value by NEE balance sheet line item:
Current derivative assets(a)									$	990
Noncurrent derivative assets(b)									1,009
Current derivative liabilities(c)											$	1,289
Noncurrent derivative liabilities(d)											466
Total derivatives									$	1,999	$	1,755
Net fair value by FPL balance sheet line item:
Current other assets									$	6
Noncurrent other assets									1
Current derivative liabilities											$	370
Total derivatives									$	7	$	370

______________________

(a) Reflects the netting of approximately $197 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $97 million in margin cash collateral received from counterparties.

(c) Reflects the netting of approximately $20 million in margin cash collateral paid to counterparties.

(d) Reflects the netting of approximately $10 million in margin cash collateral paid to counterparties.

Net notional volumes

NEE and FPL had derivative commodity contracts for the following net notional volumes:

	March 31, 2015					December 31, 2014
Commodity Type	NEE			FPL		NEE			FPL
	(millions)
Power	(103	)	MWh	—		(73	)	MWh	—
Natural gas	1,458		MMBtu	892	MMBtu	1,436		MMBtu	845	MMBtu
Oil	(9	)	barrels	—		(11	)	barrels	—

Cash Flow Hedging [Member]

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

Gains (losses) related to NEE's cash flow hedges are recorded in NEE's condensed consolidated financial statements (none at FPL) as follows:

	Three Months Ended March 31,
	2015											2014
	Interest Rate Contracts				Foreign Currency Swaps				Total			Interest Rate Contracts				Foreign Currency Swaps				Total
	(millions)
Gains (losses) recognized in OCI	$	(70	)		$	(8	)		$	(78	)	$	(27	)		$	(2	)		$	(29	)
Gains (losses) reclassified from AOCI to net income	$	(20	)	(a)	$	(2	)	(b)	$	(22	)	$	(16	)	(a)	$	2		(b)	$	(14	)

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(a) Included in interest expense.

(b) For 2015 and 2014, losses of approximately $3 million and $1 million, respectively, are included in interest expense and the balances are included in other - net.

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

Gains (losses) related to NEE's derivatives not designated as hedging instruments are recorded in NEE's condensed consolidated statements of income as follows:

	Three Months Ended   March 31,
	2015			2014
	(millions)
Commodity contracts:(a)
Operating revenues	$	237		$	(272	)
Fuel, purchased power and interchange	2			(4		)
Foreign currency swap - other - net	—			5
Interest rate contracts - interest expense	(13		)	(27		)
Total	$	226		$	(298	)

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(a) For the three months ended March 31, 2015 and 2014, FPL recorded approximately $86 million of losses and $136 million of gains, respectively, related to commodity contracts as regulatory assets and regulatory liabilities, respectively, on its condensed consolidated balance sheets.