Income Taxes (Tables)

3 Months Ended

Mar. 31, 2024

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,
	2024		2023		2024		2023
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	1.5		3.2		4.3		4.2
Taxes attributable to noncontrolling interests	3.4		3.3		—		—
Renewable energy tax credits	(11.7)		(6.1)		(2.7)		(1.6)
Amortization of deferred regulatory credit	(1.9)		(2.1)		(2.9)		(3.5)
Other – net	(1.8)		(1.5)		(0.5)		(0.4)
Effective income tax rate	10.5	%	17.8	%	19.2	%	19.7	%