Investments in Partnerships and Joint Ventures

12 Months Ended

Dec. 31, 2016

Investments in Partnerships and Joint Ventures [Abstract]

Investments in Partnerships and Joint Ventures

Certain subsidiaries of NEE, primarily NEER, have noncontrolling non-majority owned interests in various partnerships and joint ventures, essentially all of which are in the process of developing or constructing natural gas pipelines or own electric generation facilities. At December 31, 2016 and 2015, NEE's investments in partnerships and joint ventures totaled approximately $1,767 million and $1,063 million, respectively, which are included in other investments on NEE's consolidated balance sheets. NEER's interest in these partnerships and joint ventures primarily range from approximately 31% to 50%. At December 31, 2016 and 2015, the principal entities included in NEER's investments in partnerships and joint ventures were Sabal Trail Transmission, LLC, Desert Sunlight Investment Holdings, LLC, Northeast Energy, LP and Cedar Point II Wind, LP.

Summarized combined information for these principal entities is as follows:



	2016		2015
	(millions)
Net income	$	264	$	213
Total assets	$	4,502	$	3,339
Total liabilities	$	1,364	$	1,307
Partners'/members' equity	$	3,138	$	2,032

NEER's share of underlying equity in the principal entities	$	1,423	$	874
Difference between investment carrying amount and underlying equity in net assets^(a)	65		(3		)
NEER's investment carrying amount for the principal entities	$	1,488	$	871

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(a)	Substantially all of the difference between the investment carrying amount and the underlying equity in net assets is being amortized over a 25-year period.

In 2004, a trust created by NEE sold $300 million of 5 7/8% preferred trust securities to the public and $9 million of common trust securities to NEE. The trust is an unconsolidated 100%-owned finance subsidiary. The proceeds from the sale of the preferred and common trust securities were used to buy 5 7/8% junior subordinated debentures maturing in March 2044 from NEECH. NEE has fully and unconditionally guaranteed the preferred trust securities and the junior subordinated debentures.