| Schedule of Planned Capital Expenditures |
At September 30, 2020, estimated capital expenditures for the remainder of 2020 through 2024 for which applicable internal approvals (and also, if required, regulatory approvals such as FPSC approvals for FPL and Gulf Power) have been received were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Remainder of 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | Total | | (millions) | FPL: | | | | | | | | | | | | Generation:(a) | | | | | | | | | | | | New(b) | $ | 375 |
| | $ | 860 |
| | $ | 900 |
| | $ | 680 |
| | $ | 540 |
| | $ | 3,355 |
| Existing | 460 |
| | 1,055 |
| | 1,140 |
| | 1,035 |
| | 1,020 |
| | 4,710 |
| Transmission and distribution(c) | 860 |
| | 4,020 |
| | 3,665 |
| | 3,825 |
| | 4,290 |
| | 16,660 |
| Nuclear fuel | 85 |
| | 220 |
| | 170 |
| | 120 |
| | 145 |
| | 740 |
| General and other | 250 |
| | 740 |
| | 780 |
| | 810 |
| | 730 |
| | 3,310 |
| Total | $ | 2,030 |
| | $ | 6,895 |
| | $ | 6,655 |
| | $ | 6,470 |
| | $ | 6,725 |
| | $ | 28,775 |
| Gulf Power | $ | 260 |
| | $ | 860 |
| | $ | 695 |
| | $ | 625 |
| | $ | 685 |
| | $ | 3,125 |
| NEER: | |
| | |
| | |
| | |
| | |
| | |
| Wind(d) | $ | 785 |
| | $ | 1,605 |
| | $ | 30 |
| | $ | 20 |
| | $ | 25 |
| | $ | 2,465 |
| Solar(e) | 430 |
| | 1,520 |
| | 565 |
| | 375 |
| | — |
| | 2,890 |
| Battery storage | 250 |
| | 275 |
| | 60 |
| | — |
| | — |
| | 585 |
| Nuclear, including nuclear fuel | 60 |
| | 230 |
| | 185 |
| | 140 |
| | 190 |
| | 805 |
| Natural gas pipelines(f) | 195 |
| | 410 |
| | — |
| | — |
| | — |
| | 605 |
| Rate-regulated transmission | 85 |
| | 220 |
| | 30 |
| | 10 |
| | 15 |
| | 360 |
| Other | 180 |
| | 160 |
| | 70 |
| | 70 |
| | 75 |
| | 555 |
| Total | $ | 1,985 |
| | $ | 4,420 |
| | $ | 940 |
| | $ | 615 |
| | $ | 305 |
| | $ | 8,265 |
|
| | (a) | Includes AFUDC of approximately $10 million, $60 million, $50 million, $25 million and $20 million for the remainder of 2020 through 2024, respectively. |
| | (b) | Includes land, generation structures, transmission interconnection and integration and licensing. |
| | (c) | Includes AFUDC of approximately $10 million, $50 million, $50 million, $40 million and $55 million for the remainder of 2020 through 2024, respectively. |
| | (d) | Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 4,784 MW. |
| | (e) | Includes capital expenditures for new solar projects and related transmission totaling approximately 2,977 MW. |
| | (f) | Construction of natural gas pipelines are subject to certain conditions, including applicable regulatory approvals and in certain cases the resolution of legal challenges. |
|
| Required capacity and/or minimum payments under contracts |
The required capacity and/or minimum payments under contracts, including those discussed above, at September 30, 2020 were estimated as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Remainder of 2020 | | 2021 | | 2022 | | 2023 | | 2024 | | Thereafter | | (millions) | FPL(a) | $ | 270 |
| | $ | 1,010 |
| | $ | 965 |
| | $ | 945 |
| | $ | 940 |
| | $ | 10,250 |
| NEER(b)(c)(d) | $ | 1,420 |
| | $ | 2,520 |
| | $ | 415 |
| | $ | 210 |
| | $ | 210 |
| | $ | 1,440 |
|
| | (a) | Includes approximately $105 million, $415 million, $415 million, $410 million, $410 million and $6,765 million for the remainder of 2020 through 2024 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 nine months ended September 30, 2020, the charges associated with these agreements totaled approximately $104 million and $280 million, respectively, of which $27 million and $81 million, respectively, were eliminated in consolidation at NEE. For the three and nine months ended September 30, 2019, the charges associated with these agreements totaled approximately $80 million and $236 million, respectively, of which $28 million and $81 million, respectively, were eliminated in consolidation at NEE. |
| | (b) | Includes approximately $20 million, $70 million, $70 million, $70 million and $1,160 million for 2021 through 2024 and thereafter, respectively, of firm commitments related to a natural gas transportation agreement with a joint venture, in which NEER has a 31% equity investment, that is constructing a natural gas pipeline. These firm commitments are subject to the completion of construction of the pipeline, which is expected in 2021. |
| | (c) | Includes approximately $85 million of commitments to invest in technology investments through 2029. |
(d) Includes approximately $205 million, $355 million, $20 million, $20 million, $10 million and $15 million for the remainder of 2020 through 2024 and thereafter, respectively, of joint obligations of NEECH and NEER.
|