XML 38 R30.htm IDEA: XBRL DOCUMENT v3.19.3
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2019
Commitments and Contingencies [Abstract]  
Schedule of Planned Capital Expenditures
At September 30, 2019, estimated capital expenditures for the remainder of 2019 through 2023 for which applicable internal approvals (and also, if required, regulatory approvals such as FPSC approvals for FPL and Gulf Power) have been received were as follows:
 
Remainder of 2019
 
2020
 
2021
 
2022
 
2023
 
Total
 
(millions)
FPL:
 
 
 
 
 
 
 
 
 
 
 
Generation:(a)
 
 
 
 
 
 
 
 
 
 
 
New(b)
$
490

 
$
1,380

 
$
695

 
$
505

 
$
550

 
$
3,620

Existing
410

 
740

 
1,050

 
835

 
790

 
3,825

Transmission and distribution(c)
965

 
3,175

 
3,685

 
3,750

 
3,750

 
15,325

Nuclear fuel
50

 
205

 
220

 
165

 
120

 
760

General and other
265

 
545

 
470

 
370

 
360

 
2,010

Total
$
2,180

 
$
6,045

 
$
6,120

 
$
5,625

 
$
5,570

 
$
25,540

Gulf Power
$
465

 
$
885

 
$
665

 
$
665

 
$
720

 
$
3,400

NEER:
 

 
 

 
 

 
 

 
 

 
 

Wind(d)
$
805

 
$
3,055

 
$
25

 
$
20

 
$
20

 
$
3,925

Solar(e)
545

 
605

 
190

 
—

 
—

 
1,340

Nuclear, including nuclear fuel
70

 
160

 
180

 
170

 
140

 
720

Natural gas pipelines(f)
195

 
530

 
140

 
20

 
—

 
885

Other
60

 
95

 
55

 
70

 
60

 
340

Total
$
1,675

 
$
4,445

 
$
590

 
$
280

 
$
220

 
$
7,210

Corporate and Other
$
75

 
$
285

 
$
85

 
$
—

 
$
—

 
$
445

———————————————
(a)
Includes AFUDC of approximately $15 million, $80 million, $70 million, $40 million and $20 million for the remainder of 2019 through 2023, respectively.
(b)
Includes land, generation structures, transmission interconnection and integration and licensing.
(c)
Includes AFUDC of approximately $5 million, $35 million, $40 million, $35 million and $35 million for the remainder of 2019 through 2023, respectively.
(d)
Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 4,815 MW.
(e)
Includes capital expenditures for new solar projects and related transmission totaling approximately 1,525 MW.
(f)
Construction of a natural gas pipeline is subject to certain conditions, including FERC approval. In addition, completion of another natural gas pipeline is subject to final permitting.
Required capacity and/or minimum payments under contracts
The required capacity and/or minimum payments under contracts, including those discussed above, at September 30, 2019 were estimated as follows:
 
Remainder of 2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
(millions)
FPL(a)
$
250

 
$
1,005

 
$
1,000

 
$
980

 
$
975

 
$
11,525

NEER(b)(c)
$
1,590

 
$
2,505

 
$
220

 
$
195

 
$
120

 
$
1,480

Corporate and Other(d)
$
110

 
$
90

 
$
75

 
$
5

 
$
5

 
$
50

———————————————
(a)
Includes approximately $80 million, $385 million, $415 million, $415 million, $410 million and $7,175 million for the remainder of 2019 through 2023 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection. The charges associated with these agreements are recoverable through the fuel clause. For the three and nine months ended September 30, 2019, the charges associated with these agreements totaled approximately $80 million and $236 million, respectively, of which $28 million and $81 million, respectively, were eliminated in consolidation at NEE. For the three and nine months ended September 30, 2018, the charges associated with these agreements totaled approximately $76 million and $224 million respectively, of which $24 million and $69 million, respectively, were eliminated in consolidation at NEE.
(b)
Includes approximately $70 million, $70 million, $70 million and $1,180 million for 2021 through 2023 and thereafter, respectively, of firm commitments related to a natural gas transportation agreement with a joint venture, in which NEER has a 31% equity investment, that is constructing a natural gas pipeline. These firm commitments are subject to the completion of construction of the pipeline, which is expected in 2020.
(c)
Includes approximately $120 million of commitments to invest in technology investments through 2029.
(d)
Excludes approximately $320 million, $305 million, $30 million, $25 million, $15 million and $10 million for the remainder of 2019 through 2023 and thereafter, respectively, of joint obligations of NEECH and NEER which are included in the NEER amounts above.