Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Long-term debt issuances and borrowings

Significant long-term debt issuances and borrowings during the six months ended June 30, 2024 were as follows:

	Principal Amount		Interest Rate						Maturity Date
	(millions)
FPL:
First mortgage bonds	$	2,350	5.15	%	–	5.60	%		2029	–	2054
Pollution control, solid waste disposal and industrial development revenue bonds(a)	$	344	Variable						2054
NEECH:
Debentures – fixed	$	3,800	4.90	%	–	5.55	%		2026	–	2054
Debentures – variable	$	600	Variable					(b)	2026
Debentures, related to NEE's equity units	$	2,000	5.15				%		2029
Junior subordinated debentures	$	2,200	6.70	%	–	6.75	%	(c)	2054
Exchangeable senior notes(d)	$	1,000	3.00				%		2027
Canadian dollar denominated debentures(e)	$	744	4.85				%		2031
Revolving credit facilities	$	950	Variable					(b)	2025

———————————————

(a)Includes tax exempt bonds that permit individual bondholders to tender the bonds for purchase at any time prior to maturity. In the event these tax exempt bonds are tendered for purchase, they would be remarketed by a designated remarketing agent in accordance with the related indenture. If the remarketing is unsuccessful, FPL would be required to purchase these tax exempt bonds. FPL's syndicated revolving credit facilities are available to support the purchase of tax exempt bonds. Variable interest rate is established at various intervals by the remarketing agent.

(b)Variable rate is based on an underlying index plus a specified margin.

(c)Debentures issued in March 2024 and June 2024 will bear interest at the stated rate until September 1, 2029 and June 15, 2034, respectively, and thereafter will bear interest based on an underlying index plus a specified margin, reset every five years.

(d)See additional discussion of the exchangeable senior notes below.

(e)A foreign currency swap has been entered into with respect to this debt issuance. See Note 2.