Income Taxes (Tables)

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Reconciliation Between the Effective Income Tax Rates and the Applicable Statutory Rate

A reconciliation between the effective income tax rates and the applicable statutory rate is as follows:

	NEE				FPL
	Three Months Ended March 31,				Three Months Ended March 31,
	2023		2022		2023		2022
Statutory federal income tax rate	21.0	%	21.0	%	21.0	%	21.0	%
Increases (reductions) resulting from:
State income taxes – net of federal income tax benefit	3.2		5.7		4.2		4.3
Taxes attributable to noncontrolling interests	3.3		(4.7)		—		—
PTCs and ITCs	(6.1)		6.2		(1.6)		—
Amortization of deferred regulatory credit	(2.1)		4.7		(3.5)		(4.0)
Other – net	(1.5)		1.2		(0.4)		(0.6)
Effective income tax rate	17.8	%	34.1	%	19.7	%	20.7	%