Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Schedule of Planned Capital Expenditures

At December 31, 2015, estimated capital expenditures for 2016 through 2020 for which applicable internal approvals (and also FPSC approvals for FPL, if required) have been received were as follows:

	2016		2017		2018		2019		2020		Total
	(millions)
FPL:
Generation:(a)
New(b)(c)	$	1,085	$	45	$	—	$	—	$	—	$	1,130
Existing	620		960		680		520		550		3,330
Transmission and distribution	1,930		1,990		1,985		2,485		2,335		10,725
Nuclear fuel	170		125		190		170		210		865
General and other	245		265		240		185		185		1,120
Total	$	4,050	$	3,385	$	3,095	$	3,360	$	3,280	$	17,170
NEER:
Wind(d)	$	2,040	$	75	$	30	$	25	$	25	$	2,195
Solar(e)	1,240		10		—		—		—		1,250
Nuclear, including nuclear fuel	300		240		270		310		265		1,385
Natural gas pipelines(f)	1,020		740		465		35		15		2,275
Other	495		60		75		50		65		745
Total	$	5,095	$	1,125	$	840	$	420	$	370	$	7,850
Corporate and Other	$	215	$	160	$	115	$	140	$	135	$	765

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(a) Includes AFUDC of approximately $76 million, $14 million and $11 million for 2016 through 2018, respectively.

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

(c) Excludes capital expenditures of approximately $1.0 billion for the natural gas-fired combined-cycle unit in Okeechobee County, Florida for the period from the end of 2016 (when approval by the Florida Power Plant Siting Board (Siting Board), comprised of the Florida governor and cabinet is expected) through 2019. Also 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 and maintain an NRC license for each unit.

(d) Consists of capital expenditures for new wind projects and related transmission totaling approximately 1,365 MW.

(e) Includes capital expenditures for new solar projects and related transmission totaling approximately 1,045 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. See Contracts below.

Required Capacity and/or Minimum Payments

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

	2016		2017		2018		2019		2020		Thereafter
	(millions)
FPL:
Capacity charges(a)	$	185	$	170	$	140	$	120	$	110	$	690
Minimum charges, at projected prices:(b)
Natural gas, including transportation and storage(c)	$	1,020	$	930	$	870	$	865	$	920	$	13,050
Coal, including transportation	$	65	$	40	$	—	$	—	$	—	$	—
NEER	$	3,670	$	735	$	625	$	135	$	85	$	535
Corporate and Other(d)(e)	$	60	$	5	$	5	$	—	$	5	$	—

______________________

(a) Capacity charges under these contracts, substantially all of which are recoverable through the capacity clause, totaled approximately $434 million, $485 million and $487 million for the years ended December 31, 2015, 2014 and 2013, respectively. Energy charges under these contracts, which are recoverable through the fuel clause, totaled approximately $262 million, $299 million and $263 million for the years ended December 31, 2015, 2014 and 2013, respectively.

(b) Recoverable through the fuel clause.

(c) Includes approximately $200 million, $295 million, $290 million, $360 million and $7,885 million in 2017, 2018, 2019, 2020 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 $35 million commitment to invest in clean power and technology businesses through 2021.

(e) Excludes approximately $1,115 million, in 2016, of joint obligations of NEECH and NEER which are included in the NEER amounts above.