Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2017

Commitments and Contingencies [Abstract]

Schedule of Planned Capital Expenditures

At September 30, 2017, estimated capital expenditures for the remainder of 2017 through 2021 for which applicable internal approvals (and also, if required, FPSC approvals for FPL or regulatory approvals for acquisitions) have been received were as follows:

	Remainder of 2017		2018		2019		2020		2021		Total
	(millions)
FPL:
Generation:(a)
New(b)	$	350	$	625	$	550	$	1,310	$	950	$	3,785
Existing	380		845		675		615		475		2,990
Transmission and distribution	590		2,725		2,530		2,465		2,680		10,990
Nuclear fuel	20		170		150		135		145		620
General and other	190		280		250		220		250		1,190
Total	$	1,530	$	4,645	$	4,155	$	4,745	$	4,500	$	19,575
NEER:
Wind(c)	$	350	$	1,925	$	1,175	$	45	$	20	$	3,515
Solar(d)	115		40		5		—		—		160
Nuclear, including nuclear fuel	85		265		225		205		195		975
Natural gas pipelines(e)	105		915		40		20		10		1,090
Other	50		60		70		60		55		295
Total	$	705	$	3,205	$	1,515	$	330	$	280	$	6,035
Corporate and Other	$	20	$	60	$	85	$	55	$	40	$	260

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(a) Includes AFUDC of approximately $30 million, $85 million, $49 million, $56 million and $35 million for the remainder of 2017 through 2021, respectively.

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

(c) Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 4,075 MW.

(d) Includes capital expenditures for new solar projects and related transmission totaling approximately 175 MW.

(e) Includes equity contributions associated with an equity investment in a joint venture that is constructing a natural gas pipeline. The natural gas pipeline is pending FERC approval to proceed with construction.

Required capacity and/or minimum payments under contracts

The required capacity and/or minimum payments under contracts, including those discussed above, as of September 30, 2017 were estimated as follows:

	Remainder of 2017		2018		2019		2020		2021		Thereafter
	(millions)
FPL:
Capacity charges(a)	$	20	$	65	$	50	$	20	$	20	$	250
Minimum charges, at projected prices:(b)
Natural gas, including transportation and storage(c)	$	480	$	1,305	$	865	$	910	$	905	$	12,135
Coal, including transportation	$	35	$	35	$	5	$	—	$	—	$	—
NEER	$	570	$	1,455	$	135	$	105	$	80	$	390
Corporate and Other(d)(e)	$	55	$	45	$	15	$	15	$	10	$	—

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(a) Capacity charges, substantially all of which are recoverable through the capacity clause, totaled approximately $18 million and $41 million for the three months ended September 30, 2017 and 2016, respectively, and approximately $58 million and $134 million for the nine months ended September 30, 2017 and 2016, respectively. Energy charges, which are recoverable through the fuel clause, totaled approximately $28 million and $57 million for the three months ended September 30, 2017 and 2016, respectively, and approximately $70 million and $103 million for the nine months ended September 30, 2017 and 2016, respectively.

(b) Recoverable through the fuel clause.

(c) Includes approximately $75 million, $295 million, $290 million, $360 million, $390 million and $7,565 million for the remainder of 2017 through 2021 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection.

(d) Includes an approximately $90 million commitment to invest in clean power and technology businesses through 2021.

(e) Excludes approximately $170 million for the remainder of 2017 of joint obligations of NEECH and NEER which are included in the NEER amounts above.