Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2016

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

Fair Value of Derivative Instruments - The tables below present NEE's and FPL's gross derivative positions at September 30, 2016 and December 31, 2015, as required by disclosure rules. However, the majority of the underlying contracts are subject to master netting agreements and generally would not be contractually settled on a gross basis. Therefore, the tables below also present the derivative positions on a net basis, which reflect the offsetting of positions of certain transactions within the portfolio, the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral (see Note 3 - Recurring Fair Value Measurements for netting information), as well as the location of the net derivative position on the condensed consolidated balance sheets.



	September 30, 2016
	Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Net Basis
	Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	5,105	$	3,479	$	1,943	$	558
Interest rate contracts	60		788		55		782
Foreign currency swaps	9		35		8		36
Total fair values	$	5,174	$	4,302	$	2,006	$	1,376

FPL:
Commodity contracts	$	48	$	20	$	33	$	5

Net fair value by NEE balance sheet line item:
Current derivative assets^(a)					$	612
Noncurrent derivative assets^(b)					1,394
Current derivative liabilities							$	377
Noncurrent derivative liabilities							999
Total derivatives					$	2,006	$	1,376

Net fair value by FPL balance sheet line item:
Current other assets					$	22
Noncurrent other assets					11
Current derivative liabilities							$	5
Total derivatives					$	33	$	5

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(a)	Reflects the netting of approximately $148 million in margin cash collateral received from counterparties.


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



	December 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	$	—	$	—	$	5,906	$	4,580	$	1,937	$	982
Interest rate contracts	33		155		2		160		34		319
Foreign currency swaps	—		132		—		—		—		127
Total fair values	$	33	$	287	$	5,908	$	4,740	$	1,971	$	1,428

FPL:
Commodity contracts	$	—	$	—	$	7	$	225	$	4	$	222

Net fair value by NEE balance sheet line item:
Current derivative assets^(a)									$	712
Assets held for sale									57
Noncurrent derivative assets^(b)									1,202
Current derivative liabilities^(c)											$	882
Liabilities associated with assets held for sale											16
Noncurrent derivative liabilities^(d)											530
Total derivatives									$	1,971	$	1,428

Net fair value by FPL balance sheet line item:
Current other assets									$	3
Noncurrent other assets									1
Current derivative liabilities											$	222
Total derivatives									$	4	$	222

———————————————


(a)	Reflects the netting of approximately $279 million in margin cash collateral received from counterparties.


(b)	Reflects the netting of approximately $151 million in margin cash collateral received from counterparties.


(c)	Reflects the netting of approximately $46 million in margin cash collateral paid to counterparties.


(d)	Reflects the netting of approximately $13 million in margin cash collateral paid to counterparties.

Net notional volumes

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



	September 30, 2016					December 31, 2015
Commodity Type	NEE			FPL		NEE			FPL
	(millions)
Power	(71	)	MWh	—		(112	)	MWh	—
Natural gas	1,130		MMBtu	704	MMBtu	1,321		MMBtu	833	MMBtu
Oil	(7	)	barrels	—		(9	)	barrels	—

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 September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(millions)
Commodity contracts:^(a)
Operating revenues	$	264		$	397		$	502		$	812
Fuel, purchased power and interchange	1			3			(1		)	5
Foreign currency swaps - interest expense	15			—			96			—
Foreign currency swaps - other - net	1			—			(2		)	—
Interest rate contracts - interest expense	(58		)	(12		)	(515		)	(1		)
Losses reclassified from AOCI to interest expense:
Interest rate contracts	(18		)	—			(71		)	—
Foreign currency swaps	(3		)	—			(9		)	—
Total	$	202		$	388		$	—		$	816

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(a)

For the three and nine months ended September 30, 2016, FPL recorded approximately $35 million of losses and $35 million of gains, respectively, related to commodity contracts as regulatory assets and regulatory liabilities, respectively, on its condensed consolidated balance sheets. For the three and nine months ended September 30, 2015, FPL recorded losses of approximately $141 million and $204 million, respectively, related to commodity contracts as regulatory assets on its condensed consolidated balance sheets.

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, which were previously designated as hedging instruments, are recorded in NEE's condensed consolidated financial statements (none at FPL) as follows:



	Three Months Ended											Nine Months Ended
	September 30, 2015											September 30, 2015
	Interest Rate Contracts				Foreign Currency Swaps				Total			Interest Rate Contracts				Foreign Currency Swaps				Total
	(millions)
Losses recognized in OCI	$	(151	)		$	(1	)		$	(152	)	$	(146	)		$	(16	)		$	(162	)
Gains (losses) reclassified from AOCI to net income	$	(18	)	^(a)	$	7		^(b)	$	(11	)	$	(56	)	^(a)	$	(10	)	^(b)	$	(66	)

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(a)	Included in interest expense.


(b)	For the three and nine months ended September 30, 2015, losses of approximately $3 million and $9 million, respectively, are included in interest expense and the balances are included in other - net.