Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies [Abstract]

Schedule of Planned Capital Expenditures

At March 31, 2015, estimated capital expenditures for the remainder of 2015 through 2019 for which applicable internal approvals (and also FPSC approvals for FPL, if required) have been received were as follows:

	Remainder of 2015		2016		2017		2018		2019		Total
	(millions)
FPL:
Generation:(a)
New(b)(c)	$	495	$	970	$	60	$	5	$	—	$	1,530
Existing	630		555		650		565		440		2,840
Transmission and distribution	1,300		1,970		1,760		1,625		1,680		8,335
Nuclear fuel	170		220		125		150		175		840
General and other	300		225		215		160		135		1,035
Total	$	2,895	$	3,940	$	2,810	$	2,505	$	2,430	$	14,580
NEER:
Wind(d)	$	1,840	$	75	$	20	$	15	$	10	$	1,960
Solar(e)	1,025		535		—		—		—		1,560
Nuclear, including nuclear fuel	250		295		230		260		280		1,315
Other	160		55		50		115		100		480
Total	$	3,275	$	960	$	300	$	390	$	390	$	5,315
Corporate and Other(f)	$	380	$	1,200	$	735	$	455	$	145	$	2,915

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(a) Includes AFUDC of approximately $69 million, $71 million and $5 million for the remainder of 2015 through 2017, respectively.

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

(c) Excludes capital expenditures for costs related to the two additional nuclear units at FPL's Turkey Point site beyond what is required to receive an NRC license for each unit.

(d) Consists of capital expenditures for new wind projects and related transmission totaling approximately 1,255 MW.

(e) Consists of capital expenditures for new solar projects and related transmission totaling approximately 670 MW.

(f) Includes capital expenditures for construction of three natural gas pipelines, including equity contributions associated with equity investments in joint ventures for two pipelines and AFUDC associated with the third pipeline. The natural gas pipelines are subject to certain conditions, including FERC approval. See Contracts below.

Required capacity and/or minimum payments under contracts

The required capacity and/or minimum payments under the contracts discussed above as of March 31, 2015 were estimated as follows:

	Remainder of 2015		2016		2017		2018		2019		Thereafter
	(millions)
FPL:
Capacity charges:(a)
Qualifying facilities	$	215	$	250	$	255	$	260	$	265	$	1,700
JEA and Southern subsidiaries	$	150	$	70	$	50	$	10	$	—	$	—
Minimum charges, at projected prices:(b)
Natural gas, including transportation and storage(c)	$	1,025	$	830	$	780	$	830	$	830	$	13,780
Coal, including transportation	$	85	$	50	$	35	$	—	$	—	$	—
NEER	$	2,225	$	845	$	140	$	135	$	80	$	395
Corporate and Other(d)(e)	$	295	$	1,010	$	545	$	380	$	65	$	20

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(a) Capacity charges under these contracts, substantially all of which are recoverable through the capacity cost recovery clause, totaled approximately $119 million and $123 million for the three months ended March 31, 2015 and 2014, respectively. Energy charges under these contracts, which are recoverable through the fuel clause, totaled approximately $44 million and $56 million for the three months ended March 31, 2015 and 2014, respectively.

(b) Recoverable through the fuel clause.

(c) Includes approximately $200 million, $295 million, $290 million and $8,245 million in 2017, 2018, 2019 and thereafter, respectively, of firm commitments, subject to certain conditions as noted above, related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection.

(d) Includes an approximately $50 million commitment to invest primarily in clean power and technology businesses through 2021.

(e) Excludes approximately $935 million in 2015 of joint obligations of NEECH and NEER which are included in the NEER amounts above.