v3.25.4
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Planned Capital Expenditures
As of December 31, 2025, estimated capital expenditures, on an accrual basis, for 2026 through 2030 were as follows:

20262027202820292030Total
(millions)
FPL:      
Generation:(a)
      
New(b)
$4,255 $3,505 $4,365 $4,125 $3,525 $19,775 
Existing1,180 1,360 1,300 1,300 1,350 6,490 
Transmission and distribution(c)
4,540 4,910 4,775 5,900 6,720 26,845 
Nuclear fuel270 340 425 385 380 1,800 
General and other940 755 740 665 620 3,720 
Total$11,185 $10,870 $11,605 $12,375 $12,595 $58,630 
NEER:(d)
Wind(e)
$2,750 $1,240 $1,050 $120 $110 $5,270 
Solar(f)
8,045 3,840 1,620 5 10 13,520 
Other clean energy(g)
2,900 3,070 525 15 10 6,520 
Nuclear, including nuclear fuel685 1,070 850 525 440 3,570 
Regulated electric and gas transmission
1,095 1,050 760 650 740 4,295 
Other
905 460 310 335 370 2,380 
Total$16,380 $10,730 $5,115 $1,650 $1,680 $35,555 
______________________
(a)Includes AFUDC of approximately $195 million, $200 million, $220 million, $210 million and $175 million for 2026 through 2030, respectively.
(b)Includes land, generation structures, transmission interconnection and integration and licensing.
(c)Includes AFUDC of approximately $80 million, $95 million, $105 million, $165 million and $160 million for 2026 through 2030, 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 3,575 MW, and related transmission.
(f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 11,435 MW and related transmission.
(g)Includes capital expenditures primarily for battery storage projects totaling approximately 4,616 MW and related transmission, as well as renewable fuels projects.
Required Capacity and/or Minimum Payments
The required capacity and/or minimum payments under contracts, including those discussed above as of December 31, 2025, were estimated as follows:
20262027202820292030Thereafter
(millions)
FPL(a)
$1,195 $1,175 $1,135 $1,125 $1,055 $6,405 
NEER(b)(c)
$6,795 $1,865 $495 $200 $140 $360 
_______________________
(a)Includes approximately $425 million, $430 million, $430 million, $425 million, $425 million and $4,540 million in 2026 through 2030 and thereafter, respectively, of firm commitments related to natural gas transportation agreements with affiliates. The charges associated with these agreements are recoverable through the fuel clause and totaled approximately $409 million, $409 million and $417 million for the years ended December 31, 2025, 2024 and 2023, respectively, of which $73 million and $99 million, respectively, were eliminated in consolidation at NEE for the years ended December 31, 2024 and 2023.    
(b)Includes approximately $150 million of commitments to invest in technology and other investments through 2031. See Note 9 – Other.
(c)Includes approximately $1,140 million and $315 million for 2026 and 2027, respectively, of joint obligations of NEECH and NEER.