v3.20.4
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Planned Capital Expenditures
At December 31, 2020, estimated capital expenditures for 2021 through 2025 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:
20212022202320242025Total
(millions)
FPL:      
Generation:(a)
      
New(b)
$780 $880 $680 $540 $530 $3,410 
Existing1,085 1,155 1,045 1,010 750 5,045 
Transmission and distribution(c)
4,065 3,665 3,825 4,290 4,490 20,335 
Nuclear fuel
220 170 120 145 145 800 
General and other
740 760 810 725 780 3,815 
Total$6,890 $6,630 $6,480 $6,710 $6,695 $33,405 
Gulf Power$860 $695 $625 $685 $685 $3,550 
NEER:
Wind(d)
$1,770 $60 $15 $15 $5 $1,865 
Solar(e)
1,565 340 185 — — 2,090 
Battery storage355 — — — — 355 
Nuclear, including nuclear fuel
230 190 145 190 200 955 
Natural gas pipelines(f)
285 165 — — — 450 
Rate-regulated transmission
205 25 10 15 30 285 
Other
730 125 100 75 60 1,090 
Total$5,140 $905 $455 $295 $295 $7,090 
______________________
(a)Includes AFUDC of approximately $75 million, $50 million, $25 million, $15 million and $15 million for 2021 through 2025, respectively.
(b)Includes land, generation structures, transmission interconnection and integration and licensing.
(c)Includes AFUDC of approximately $50 million, $50 million, $40 million, $55 million and $45 million for 2021 through 2025, respectively.
(d)Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 2,394 MW.
(e)Includes capital expenditures for new solar projects and related transmission totaling approximately 2,354 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
The required capacity and/or minimum payments under contracts, including those discussed above at December 31, 2020, were estimated as follows:
20212022202320242025Thereafter
(millions)
FPL(a)
$1,030 $970 $950 $940 $890 $9,380 
NEER(b)(c)(d)
$3,250 $530 $210 $210 $140 $1,635 
_______________________
(a)Includes approximately $415 million, $415 million, $410 million, $410 million, $405 million and $6,360 million in 2021 through 2025 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection, LLC. The charges associated with these agreements are recoverable through the fuel clause and totaled approximately $386 million, $316 million and $303 million for the years ended December 31, 2020, 2019 and 2018, respectively, of which $108 million, $108 million and $95 million, respectively, were eliminated in consolidation at NEE.      
(b)Includes approximately $25 million, $70 million, $70 million, $70 million and $1,155 million for 2022 through 2025 and thereafter, respectively, of firm commitments related to a natural gas transportation agreement with a joint venture, in which NEER has a 31.5% equity investment, that is constructing a natural gas pipeline. These firm commitments are subject to the completion of construction of the pipeline which is currently estimated to be in 2022.
(c)Includes approximately $85 million of commitments to invest in technology investments through 2029.
(d)Includes approximately $480 million, $20 million, $20 million, $10 million, $10 million and $5 million for 2021 through 2025 and thereafter, respectively, of joint obligations of NEECH and NEER.