Income Taxes (Tables)

9 Months Ended

Sep. 30, 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				NEE				FPL
	Three Months Ended September 30,				Three Months Ended September 30,				Nine Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022		2023		2022		2023		2022
Statutory federal income tax rate	21.0	%	21.0	%	21.0	%	21.0	%	21.0	%	21.0	%	21.0	%	21.0	%
Increases (reductions) resulting from:
State income taxes – net of federal income tax benefit	(4.5)		1.7		4.4		4.5		1.5		1.3		4.3		4.4
Taxes attributable to noncontrolling interests	6.8		2.6		—		—		3.0		6.8		—		—
PTCs and ITCs	(21.1)		(4.7)		(2.3)		(1.9)		(8.7)		(9.4)		(2.0)		(1.1)
Amortization of deferred regulatory credit	(5.0)		(2.9)		(3.3)		(4.1)		(2.4)		(6.7)		(3.5)		(4.0)
Other – net	(1.9)		(0.5)		(0.3)		0.1		(0.9)		(1.5)		(0.3)		0.1
Effective income tax rate	(4.7)	%	17.2	%	19.5	%	19.6	%	13.5	%	11.5	%	19.5	%	20.4	%