| Segment Information |
Segment Information
The table below presents information for NEE's reportable segments, FPL, a rate-regulated utility business, and NEER, which is comprised of competitive energy and rate-regulated transmission businesses, as well as for Gulf Power, a rate-regulated utility business acquired in January 2019 (see Note 7 - Gulf Power). Corporate and Other represents other business activities and includes eliminating entries. During the fourth quarter of 2019, NEET, which was previously reported in Corporate and Other, was moved to the NEER segment. Prior year amounts for NEER and Corporate and Other were adjusted to reflect this segment change. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | 2020 | | 2019 | | FPL | | Gulf Power | | NEER(a) | | Corporate and Other | | NEE Consoli- dated | | FPL | | Gulf Power | | NEER(a) | | Corporate and Other | | NEE Consoli- dated | | | | | | | | | | (millions) | | | | | | | | | Operating revenues | $ | 3,455 |
| | $ | 404 |
| | $ | 953 |
| | $ | (27 | ) | | $ | 4,785 |
| | $ | 3,491 |
| | $ | 440 |
| | $ | 1,675 |
| | $ | (34 | ) | | $ | 5,572 |
| Operating expenses - net | $ | 2,395 |
| | $ | 289 |
| | $ | 1,026 |
| | $ | 67 |
| | $ | 3,777 |
| | $ | 2,518 |
| | $ | 332 |
| | $ | 1,117 |
| | $ | 12 |
|
| $ | 3,979 |
| Net income (loss) attributable to NEE | $ | 757 |
| | $ | 91 |
| | $ | 376 |
| (b) | $ | 5 |
| | $ | 1,229 |
| | $ | 683 |
| | $ | 76 |
| | $ | 381 |
| (b) | $ | (261 | ) | | $ | 879 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, | | 2020 | | 2019 | | FPL | | Gulf Power | | NEER(a) | | Corporate and Other | | NEE
Consoli-
dated | | FPL | | Gulf Power | | NEER(a) | | Corporate
and Other | | NEE Consoli- dated | | | | | | | | | | (millions) | | | | | | | | | Operating revenues | $ | 8,820 |
| | $ | 1,065 |
| | $ | 3,802 |
| | $ | (85 | ) | | $ | 13,602 |
| | $ | 9,267 |
| | $ | 1,134 |
| | $ | 4,301 |
| | $ | (86 | ) | | $ | 14,616 |
| Operating expenses - net | $ | 5,779 |
| | $ | 817 |
| | $ | 2,706 |
| | $ | 124 |
| | $ | 9,426 |
| | $ | 6,582 |
| | $ | 901 |
| | $ | 2,579 |
|
| $ | 78 |
|
| $ | 10,140 |
| Net income (loss) attributable to NEE | $ | 2,148 |
| | $ | 185 |
| | $ | 1,175 |
| (b) | $ | (584 | ) | | $ | 2,924 |
| | $ | 1,934 |
| | $ | 158 |
| | $ | 1,374 |
| (b) | $ | (672 | ) | | $ | 2,794 |
|
——————————————— | | (a) | Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other. |
| | (b) | See Note 6 for a discussion of NEER's tax benefits related to PTCs. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2020 | | December 31, 2019 | | FPL | | Gulf Power | | NEER | | Corporate and Other | | NEE Consoli- dated | | FPL | | Gulf Power | | NEER | | Corporate and Other | | NEE Consoli- dated | | | | | | | | | | (millions) | | | | | | | | | Total assets | $ | 60,503 |
| | $ | 6,679 |
| | $ | 54,961 |
| | $ | 4,239 |
| | $ | 126,382 |
| | $ | 57,188 |
| | $ | 5,855 |
| | $ | 51,516 |
| | $ | 3,132 |
| | $ | 117,691 |
|
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