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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2023
Commitments and Contingencies [Abstract]  
Schedule of Planned Capital Expenditures
At June 30, 2023, estimated capital expenditures, on an accrual basis, for the remainder of 2023 through 2027 were as follows:

 Remainder of 20232024202520262027Total
 (millions)
FPL:
Generation:(a)
New(b)
$2,160 $2,390 $2,750 $3,665 $3,195 $14,160 
Existing6301,3501,0251,3301,4655,800 
Transmission and distribution(c)
1,1503,4103,4153,1603,41514,550 
Nuclear fuel1201452002953001,060 
General and other3705706405206402,740 
Total$4,430 $7,865 $8,030 $8,970 $9,015 $38,310 
NEER:(d)
      
Wind(e)
$1,895 $1,830 $420 $50 $40 $4,235 
Solar(f)
2,320 1,735 540 15 4,615 
Other clean energy(g)
825 660 60 80 80 1,705 
Nuclear, including nuclear fuel
115 260 230 225 290 1,120 
Rate-regulated transmission
245 510 385 230 20 1,390 
Other(h)
580 260 150 150 175 1,315 
Total$5,980 $5,255 $1,785 $750 $610 $14,380 
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(a)Includes AFUDC of approximately $70 million, $110 million, $75 million, $120 million and $115 million for the remainder of 2023 through 2027, respectively.
(b)Includes land, generation structures, transmission interconnection and integration and licensing.
(c)Includes AFUDC of approximately $35 million, $50 million, $50 million, $30 million and $30 million for the remainder of 2023 through 2027, 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 3,334 MW, and related transmission.
(f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 6,845 MW and related transmission.
(g)Includes capital expenditures primarily for battery storage projects and renewable fuels projects.
(h)Includes equity contributions in 2023 for the construction of Mountain Valley Pipeline, the timing of which is uncertain.
Required capacity and/or minimum payments under contracts
The required capacity and/or minimum payments under contracts, including those discussed above, at June 30, 2023 were estimated as follows:
Remainder of 20232024202520262027Thereafter
(millions)
FPL(a)
$560 $1,045 $1,045 $1,045 $955 $8,575 
NEER(b)(c)(d)
$3,445 $2,565 $250 $175 $165 $1,785 
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(a)Includes approximately $205 million, $410 million, $405 million, $400 million, $400 million and $5,560 million for the remainder of 2023 through 2027 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, 2023, the charges associated with these agreements totaled approximately $108 million and $210 million, respectively, of which $25 million and $49 million, respectively, were eliminated in consolidation at NEE. 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.
(b)Includes equity contributions in 2023 and a 20-year natural gas transportation agreement (approximately $70 million per year) with Mountain Valley Pipeline, a joint venture, in which NEER has a 32.2% equity investment, that is constructing a natural gas pipeline. The transportation agreement commitments are subject to the completion of construction. The timing of construction and the related equity contributions is uncertain.
(c)Includes approximately $240 million of commitments to invest in technology and other investments through 2031. See Note 7 – Other.
(d)Includes approximately $140 million, $1,035 million, $5 million, $5 million, $0 million and $0 million for the remainder of 2023 through 2027 and thereafter, respectively, of joint obligations of NEECH and NEER.