Long-term debt consists of the following:



		December 31,
		2016						2015
	Maturity Date	Balance				Weighted- Average Interest Rate		Balance				Weighted- Average Interest Rate
		(millions)						(millions)
FPL:
First mortgage bonds - fixed	2017 - 2044	$	8,690			4.78	%	$	8,690			4.77	%
Storm-recovery bonds - fixed^(a)	2021	210				5.26	%	273				5.26	%
Pollution control, solid waste disposal and industrial development revenue bonds - variable^(b)	2020 - 2046	778				0.77	%	718				0.04	%
Other long-term debt - variable^(c)	2018 - 2019	450				1.66	%	400				1.11	%
Other long-term debt - fixed	2016 - 2040	52				5.09	%	53				5.06	%
Unamortized debt issuance costs and discount		(108		)				(114		)
Total long-term debt of FPL		10,072						10,020
Less current maturities of long-term debt		367						64
Long-term debt of FPL, excluding current maturities		9,705						9,956
NEECH:
Debentures - fixed^(d)	2017 - 2023	4,100				2.87	%	3,100				3.15	%
Debentures, related to NEE's equity units - fixed	2018 - 2021	2,200				1.88	%	1,200				1.98	%
Junior subordinated debentures - primarily fixed^(d)	2044 - 2076	3,460				5.40	%	2,978				5.84	%
Japanese yen denominated senior notes - fixed^(d)	2030	85				5.13	%	83				5.13	%
Japanese yen denominated term loans - variable^(c)(d)	2017	470				1.83	%	456				1.83	%
Other long-term debt - fixed	2016 - 2044	924				2.45	%	1,307				4.55	%
Other long-term debt - variable^(c)	2016 - 2019	60			^(e)	1.77	%	1,513				1.81	%
Fair value hedge adjustment		8						24
Unamortized debt issuance costs and discount		(101		)				(94		)
Total long-term debt of NEECH		11,206						10,567
Less current maturities of long-term debt		1,724						667
Long-term debt of NEECH, excluding current maturities		9,482						9,900
NEER:
Senior secured limited-recourse bonds and notes - fixed	2017 - 2038	2,091			^(f)	6.00	%	2,203				5.88	%
Senior secured limited-recourse term loans - primarily variable^(c)(d)	2016 - 2035	4,959				2.78	%	3,969			^(g)	2.51	%
Other long-term debt - primarily variable^(c)(d)	2016 - 2040	2,262				2.97	%	2,273				2.72	%
Unamortized debt issuance costs and premium - net		(168		)				(131		)
Total long-term debt of NEER		9,144						8,314
Less current maturities of long-term debt		513						1,489			^(h)
Long-term debt of NEER, excluding current maturities		8,631						6,825
Total long-term debt		$	27,818					$	26,681

______________________


(a)	Principal on the storm-recovery bonds is due on the final maturity date (the date by which the principal must be repaid to prevent a default) for each tranche, however, it is being paid semiannually and sequentially.

(b)

Tax exempt bonds that permit individual bond holders to tender the bonds for purchase at any time prior to maturity. In the event bonds are tendered for purchase, they would be remarketed by a designated remarketing agent in accordance with the related indenture. If the remarketing is unsuccessful, FPL would be required to purchase the tax exempt bonds. As of December 31, 2016, all tax exempt bonds tendered for purchase have been successfully remarketed. FPL's bank revolving line of credit facilities are available to support the purchase of tax exempt bonds. Variable interest rate is established at various intervals by the remarketing agent.


(c)	Variable rate is based on an underlying index plus a margin.


(d)	Interest rate contracts, primarily swaps, have been entered into with respect to certain of these debt issuances. Additionally, a foreign currency swap has been entered into with respect to the Japanese yen denominated term loans - variable. See Note 3.


(e)	Excludes debt totaling $373 million reflected in liabilities associated with assets held for sale on NEE's consolidated balance sheets.


(f)	Includes approximately $490 million of debt held by a wholly owned subsidiary of NEER and collateralized by a third-party note receivable held by that subsidiary. See Note 8 - NEER.


(g)	Excludes debt totaling $938 million reflected in liabilities associated with assets held for sale on NEE's consolidated balance sheets. See Note 1 - Assets and Liabilities Associated with Assets Held for Sale.


(h)	See Spain Solar Projects Debt Restructuring below.