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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2022
Commitments and Contingencies [Abstract]  
Schedule of Planned Capital Expenditures
At June 30, 2022, estimated capital expenditures, on an accrual basis, for the remainder of 2022 through 2026 were as follows:

 Remainder of 20222023202420252026Total
 (millions)
FPL:
Generation:(a)
New(b)
$1,375 $1,705 $1,695 $920 $1,020 $6,715 
Existing1,0901,5251,3151,0901,2956,315 
Transmission and distribution(c)
2,0054,1604,1455,1254,91520,350 
Nuclear fuel115125160200200800 
General and other4707006106506203,050 
Total$5,055 $8,215 $7,925 $7,985 $8,050 $37,230 
NEER:(d)
      
Wind(e)
$1,705 $230 $390 $30 $20 $2,375 
Solar(f)
1,780 2,315 645 — — 4,740 
Battery storage
265 390 — — 660 
Nuclear, including nuclear fuel
150 160 220 225 230 985 
Rate-regulated transmission
75 120 45 25 10 275 
Other
650 325 150 100 75 1,300 
Total$4,625 $3,540 $1,450 $380 $340 $10,335 
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(a)Includes AFUDC of approximately $35 million, $70 million, $50 million, $30 million and $25 million for the remainder of 2022 through 2026, respectively.
(b)Includes land, generation structures, transmission interconnection and integration and licensing.
(c)Includes AFUDC of approximately $25 million, $45 million, $45 million, $30 million and $60 million for the remainder of 2022 through 2026, respectively.
(d)Represents capital expenditures for which applicable internal approvals and also, if required, regulatory approvals have been received.
(e)Consists of capital expenditures for new wind projects and repowering of existing wind projects totaling approximately 3,723 MW, and related transmission.
(f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 5,943 MW and related transmission.
Required capacity and/or minimum payments under contracts
The required capacity and/or minimum payments under contracts, including those discussed above, at June 30, 2022 were estimated as follows:
Remainder of 20222023202420252026Thereafter
(millions)
FPL(a)
$510 $1,010 $985 $915 $840 $8,625 
NEER(b)(c)(d)
$3,460 $890 $210 $105 $65 $535 
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(a)Includes approximately $205 million, $410 million, $410 million, $405 million, $400 million and $5,960 million for the remainder of 2022 through 2026 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 six months ended June 30, 2022, the charges associated with these agreements totaled approximately $107 million and $209 million, respectively, of which $26 million and $51 million, respectively, were eliminated in consolidation at NEE. For the three and six months ended June 30, 2021, the charges associated with these agreements totaled approximately $105 million and $209 million, respectively, of which $26 million and $53 million, respectively, were eliminated in consolidation at NEE.
(b)Excludes commitments related to equity contributions and a 20-year natural gas transportation agreement (approximately $70 million per year) with a joint venture, in which NEER has a 31.9% equity investment, that is constructing a natural gas pipeline. These commitments are subject to the completion of construction of the pipeline which has a very low probability of completion. See Note 3 – Nonrecurring Fair Value Measurements.
(c)Includes approximately $240 million of commitments to invest in technology and other investments through 2031. See Note 7 – Other.
(d)Includes approximately $875 million, $335 million, $5 million, $5 million, $0 million and $5 million for the remainder of 2022 through 2026 and thereafter, respectively, of joint obligations of NEECH and NEER.