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Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2024
Commitments and Contingencies [Abstract]  
Schedule of Planned Capital Expenditures
At June 30, 2024, estimated capital expenditures, on an accrual basis, for the remainder of 2024 through 2028 were as follows:

 
Remainder of 2024
2025202620272028Total
 (millions)
FPL:
Generation:(a)
New(b)
$850 $3,180 $4,195 $3,760 $3,645 $15,630 
Existing3757308551,2201,2254,405 
Transmission and distribution(c)
2,1152,7402,8453,9104,04015,650 
Nuclear fuel552053003053901,255 
General and other3856958106155403,045 
Total$3,780 $7,550 $9,005 $9,810 $9,840 $39,985 
NEER:(d)
      
Wind(e)
$1,785 $1,280 $770 $65 $55 $3,955 
Solar(f)
2,435 2,685 1,330 1,465 — 7,915 
Other clean energy(g)
1,500 1,575 890 750 35 4,750 
Nuclear, including nuclear fuel
130 440 320 405 340 1,635 
Rate-regulated transmission(h)
475 1,165 955 780 610 3,985 
Other
500 295 235 275 250 1,555 
Total$6,825 $7,440 $4,500 $3,740 $1,290 $23,795 
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(a)Includes AFUDC of approximately $70 million, $125 million, $180 million, $175 million and $180 million for the remainder of 2024 through 2028, respectively.
(b)Includes land, generation structures, transmission interconnection and integration and licensing.
(c)Includes AFUDC of approximately $60 million, $90 million, $100 million, $90 million and $65 million for the remainder of 2024 through 2028, 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 2,765 MW, and related transmission.
(f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 7,723 MW and related transmission.
(g)Includes capital expenditures primarily for battery storage projects and renewable fuels projects.
(h)Includes AFUDC of approximately $20 million, $60 million, $115 million, $70 million and $5 million for the remainder of 2024 through 2028, respectively.
Required capacity and/or minimum payments under contracts
The required capacity and/or minimum payments under contracts, including those discussed above, at June 30, 2024 were estimated as follows:
Remainder of 20242025202620272028Thereafter
(millions)
FPL(a)
$565 $1,130 $1,140 $1,035 $985 $8,025 
NEER(b)(c)(d)
$4,395 $2,110 $320 $210 $150 $1,380 
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(a)Includes approximately $205 million, $405 million, $400 million, $400 million, $400 million and $5,160 million for the remainder of 2024 through 2028 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, 2024, the charges associated with these agreements totaled approximately $102 million and $203 million, respectively, of which $24 million and $48 million, respectively, were eliminated in consolidation at NEE. 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.
(b)Includes a 20-year natural gas transportation agreement (approximately $35 million per year) with Mountain Valley Pipeline, a joint venture in which NEER has a 33.2% equity investment. The natural gas pipeline completed construction in June 2024 and the transportation agreement commitments commenced in July 2024.
(c)Includes approximately $205 million of commitments to invest in technology and other investments through 2031. See Note 7 – Other.
(d)Includes approximately $1,090 million and $930 million for the remainder of 2024 and 2025, respectively, of joint obligations of NEECH and NEER.