v3.25.4
Equity Method Investments (Tables)
 12 Months Ended
Dec. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Summarized combined information for principal operating entities
Summarized combined information for XPLR and Mountain Valley Pipeline is as follows:

 20252024
 (millions)
Operating revenue$1,753 $1,513 
Operating income (loss)
$84 $(325)
Net loss
$(194)$(82)
Total assets$29,235 $30,144 
Total liabilities$8,726 $7,501 
Partners'/members' equity(a)
$20,509 $22,643 
NEE's share of underlying equity in the principal entities$3,997 $4,727 
Difference between investment carrying amount and underlying equity in net assets(b)
(1,874)(1,889)
NEE's investment carrying amount for the principal entities$2,123 $2,838 
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(a)Reflects NEE's interest, as well as third-party interests, in XPLR.
(b)In 2025 and 2024, approximately $(2.1) billion and $(2.2) billion, respectively, are associated with Mountain Valley Pipeline, primarily reflecting impairment charges in 2022 and 2020, and are being amortized over 40 years.