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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2021
Commitments and Contingencies [Abstract]  
Schedule of Planned Capital Expenditures
At March 31, 2021, estimated capital expenditures for the remainder of 2021 through 2025 for which applicable internal approvals (and also, if required, regulatory approvals such as FPSC approvals) have been received were as follows:
 Remainder of 20212022202320242025Total
 (millions)
FPL Segment:
Generation:(a)
New(b)
$640 $880 $1,030 $1,050 $760 $4,360 
Existing8801,1551,0059456954,680 
Transmission and distribution(c)
3,0353,6653,5753,9254,30018,500 
Nuclear fuel185170120145145765 
General and other6007607506457953,550 
Total$5,340 $6,630 $6,480 $6,710 $6,695 $31,855 
Gulf Power$705 $695 $625 $685 $685 $3,395 
NEER:      
Wind(d)
$1,755 $75 $30 $30 $20 $1,910 
Solar(e)
1,445 660 190 10 10 2,315 
Battery storage
195 — — — — 195 
Nuclear, including nuclear fuel
190 190 145 190 200 915 
Natural gas pipelines(f)
360 150 — — 515 
Rate-regulated transmission
175 100 20 15 30 340 
Other
580 115 100 75 65 935 
Total$4,700 $1,290 $490 $320 $325 $7,125 
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(a)Includes AFUDC of approximately $60 million, $50 million, $35 million, $35 million and $25 million for the remainder of 2021 through 2025, respectively.
(b)Includes land, generation structures, transmission interconnection and integration and licensing.
(c)Includes AFUDC of approximately $40 million, $50 million, $40 million, $55 million and $45 million for the remainder of 2021 through 2025, respectively.
(d)Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 2,509 MW.
(e)Includes capital expenditures for new solar projects and related transmission totaling approximately 2,866 MW.
(f)Construction of natural gas pipelines are subject to certain conditions, including applicable regulatory approvals and in certain cases the resolution of legal challenges.
Required capacity and/or minimum payments under contracts
The required capacity and/or minimum payments under contracts, including those discussed above, at March 31, 2021 were estimated as follows:
Remainder of 20212022202320242025Thereafter
(millions)
FPL(a)
$780 $970 $955 $940 $890 $9,365 
NEER(b)(c)(d)
$3,430 $955 $210 $210 $140 $1,785 
———————————————
(a)Includes approximately $315 million, $415 million, $410 million, $410 million, $405 million and $6,360 million for the remainder of 2021 through 2025 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 and totaled approximately $103 million and $79 million for the three months ended March 31, 2021 and 2020, respectively, of which $26 million and $27 million, respectively, were eliminated in consolidation at NEE.
(b)Includes approximately $25 million, $70 million, $70 million, $70 million and $1,155 million for 2022 through 2025 and thereafter, respectively, of firm commitments related to a natural gas transportation agreement with a joint venture, in which NEER has a 31.5% equity investment, that is constructing a natural gas pipeline. These firm commitments are subject to the completion of construction of the pipeline, which is currently estimated to be in 2022.
(c)Includes approximately $50 million of commitments to invest in technology investments through 2029.
(d)Includes approximately $580 million, $10 million, $10 million, $10 million and $5 million for the remainder of 2021 through 2025, respectively, of joint obligations of NEECH and NEER.