Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

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


	NEE				FPL
	2023		2022		2023		2022
	(millions)
Electric plant in service and other property	$	139,049	$	124,963	$	79,801	$	74,353
Nuclear fuel	1,564		1,684		1,125		1,190
Construction work in progress	18,652		15,675		8,311		7,026
Property, plant and equipment, gross	159,265		142,322		89,237		82,569
Accumulated depreciation and amortization	(33,489)		(31,263)		(18,629)		(17,876)
Property, plant and equipment – net	$	125,776	$	111,059	$	70,608	$	64,693

Proportionate Ownership Interest In Jointly-Owned Facilities

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


	December 31, 2023
	Ownership Interest		Gross Investment(a)		Accumulated Depreciation(a)		Construction Work in Progress
			(millions)
FPL:
St. Lucie Unit No. 2	85	%	$	2,312	$	1,041	$	149
Daniel Units Nos. 1 and 2(b)	50	%	$	778	$	305	$	—
Scherer Unit No. 3(c)	25	%	$	408	$	185	$	1
NEER:

Seabrook	88.23	%	$	1,399	$	514	$	73
Wyman Station Unit No. 4	91.19	%	$	31	$	14	$	2
Stanton	65	%	$	140	$	31	$	1
Transmission substation assets located in Seabrook, New Hampshire	88.23	%	$	167	$	8	$	—

______________________

(a)Excludes nuclear fuel.

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

(c)FPL expects to retire this unit in 2028. Net book value is reflected in other property on NEE's and FPL's consolidated balance sheets.