Debt

9 Months Ended

Sep. 30, 2021

Debt

Significant long-term debt issuances and borrowings during the nine months ended September 30, 2021 were as follows:

Principal Amount

Interest Rate

Maturity Date

(millions)

FPL – Senior unsecured notes

1,327

Variable

(a)(b)

2023 – 2071

NEECH:

Debentures

2,150

Variable

(a)

2023

Debentures

3,500

0.65% – 1.90%

2023 – 2028

Term loans

645

Variable

(a)

2023 – 2024

NEER – Senior secured limited-recourse notes(c)

1,773

2.92% – 4.70%

2028 – 2038

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(a)Variable rate is based on an underlying index plus or minus a specified margin.

(b)Includes approximately $327 million that allows individual noteholders to require repayment at specified dates prior to maturity in 2071.

(c)Includes $1,513 million of 2.92% notes maturing in 2038 which are secured by a first priority security interest in certain assets, including 100% of the ownership interests in Florida Pipeline Holdings, LLC (Florida Pipeline Holdings), an indirect wholly owned subsidiary of NextEra Energy Resources, and certain of Florida Pipeline Holdings' subsidiaries, including the entity that has a 100% ownership interest in Florida Southeast Connection and the entities that directly or indirectly have a 42.5% ownership interest in Sabal Trail. Also includes $260 million of 4.70% notes maturing in 2028 which are secured by a first priority security interest in certain assets, including 100% ownership interests in Florida Pipeline Funding, LLC (the indirect parent of Florida Pipeline Holdings).

See Note 5 – Merger of FPL and Gulf Power Company and – GridLiance regarding the assumption of debt during the quarter ended March 31, 2021.

In August 2021, FPL redeemed $1.25 billion aggregate principal amount of its Floating Rate Notes due July 28, 2023.