Long-term debt consists of the following:



		December 31,
		2017					2016
	Maturity Date	Balance			Weighted- Average Interest Rate		Balance				Weighted- Average Interest Rate
		(millions)					(millions)
FPL:
First mortgage bonds - fixed	2017 - 2047	$	9,145		4.70	%	$	8,690			4.78	%
Storm-recovery bonds - fixed^(a)	2021	144			5.26	%	210				5.26	%
Pollution control, solid waste disposal and industrial development revenue bonds - primarily variable^(b)	2020 - 2047	966			2.12	%	778				0.77	%
Other long-term debt - variable^(c)	2018 - 2021	1,501			2.01	%	450				1.66	%
Other long-term debt - fixed	2017 - 2040	51			5.10	%	52				5.09	%
Unamortized debt issuance costs and discount		(105		)			(108		)
Total long-term debt of FPL		11,702					10,072
Less current maturities of long-term debt		466					367
Long-term debt of FPL, excluding current maturities		11,236					9,705
NEECH:
Debentures - fixed^(d)	2017 - 2027	4,100			3.00	%	4,100				2.87	%
Debentures, related to NEE's equity units - fixed	2020 - 2021	2,200			1.88	%	2,200				1.88	%
Junior subordinated debentures - primarily fixed^(d)	2044 - 2077	3,456			4.79	%	3,460				5.40	%
Japanese yen denominated senior notes - fixed^(d)	2030	89			5.13	%	85				5.13	%
Japanese yen denominated term loans - variable^(c)(d)	2017 - 2020	532			2.76	%	470				1.83	%
Other long-term debt - fixed	2017 - 2044	920			2.46	%	924				2.45	%
Other long-term debt - variable^(c)	2019	52			2.58	%	60			^(e)	1.77	%
Fair value hedge adjustment		1					8
Unamortized debt issuance costs and discount		(94		)			(101		)
Total long-term debt of NEECH		11,256					11,206
Less current maturities of long-term debt		645					1,724
Long-term debt of NEECH, excluding current maturities		10,611					9,482
NEER:
Senior secured limited-recourse bonds and notes - fixed ^(f)	2019 - 2038	2,114			5.74	%	2,091				6.00	%
Senior secured limited-recourse term loans - primarily variable^(c)(d)	2019 - 2037	5,165			3.32	%	4,959				2.78	%
Senior unsecured notes - fixed^(d)	2024 - 2027	1,100			4.38	%	—
Senior unsecured NEP convertible notes - fixed^(g)	2020	300			1.50	%	—
Other long-term debt - primarily variable^(c)(d)	2017 - 2040	1,683			3.29	%	2,262				2.97	%
Unamortized debt issuance costs and premium - net		(181		)			(168		)
Total long-term debt of NEER		10,181					9,144
Less current maturities of long-term debt		565					513
Long-term debt of NEER, excluding current maturities		9,616					8,631
Total long-term debt		$	31,463				$	27,818

______________________


(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)

Includes approximately $838 million of variable rate tax exempt bonds that permit individual bond holders to tender the bonds for purchase at any time prior to maturity. In the event these variable rate tax exempt 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 variable rate tax exempt bonds. At December 31, 2017, all variable rate 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 the variable rate 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, foreign currency contracts have been entered into with respect to the Japanese yen denominated debt. See Note 3.


(e)	Excludes debt totaling $373 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.


(f)	Includes approximately $483 million in 2017 and $490 million in 2016 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)	A holder may convert all or a portion of its notes into NEP common units and cash in lieu of any fractional common unit at the conversion rate. At December 31, 2017, the conversion rate, subject to certain adjustments, is 18.9170 NEP common units per $1,000 principal amount of the convertible notes.