Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, plant and equipment consists of the following at December 31:


	NEE				FPL
	2022		2021		2022		2021
	(millions)
Electric plant in service and other property	$	124,963	$	112,500	$	74,353	$	67,771
Nuclear fuel	1,684		1,606		1,190		1,170
Construction work in progress	15,675		14,141		7,026		6,326
Property, plant and equipment, gross	142,322		128,247		82,569		75,267
Accumulated depreciation and amortization	(31,263)		(28,899)		(17,876)		(17,040)
Property, plant and equipment – net	$	111,059	$	99,348	$	64,693	$	58,227

Proportionate Ownership Interest In Jointly-Owned Facilities

NEE's and FPL's proportionate ownership interest in jointly-owned facilities is as follows:


	December 31, 2022
	Ownership Interest		Gross Investment(a)		Accumulated Depreciation(a)		Construction Work in Progress
			(millions)
FPL:
St. Lucie Unit No. 2	85	%	$	2,276	$	1,062	$	163
Daniel Units Nos. 1 and 2(b)	50	%	$	753	$	285	$	22
Scherer Unit No. 3(c)	25	%	$	405	$	169	$	1
NEER:

Seabrook	88.23	%	$	1,355	$	494	$	74
Wyman Station Unit No. 4	91.19	%	$	31	$	12	$	—
Stanton	65	%	$	139	$	25	$	—
Transmission substation assets located in Seabrook, New Hampshire	88.23	%	$	140	$	4	$	4

______________________

(a)Excludes nuclear fuel.

(b)FPL intends to retire its share of these units in 2024. Net book value is reflected in other property on NEE's and FPL's consolidated balance sheets.

(c)Together with its joint interest owner, FPL intends to retire this unit in 2028. Net book value is reflected in other property on NEE's and FPL's consolidated balance sheets.