Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies [Abstract]

Schedule of Planned Capital Expenditures

As of March 31, 2026, estimated capital expenditures, on an accrual basis, for the remainder of 2026 through 2030 were as follows:


	Remainder of 2026		2027		2028		2029		2030		Total
	(millions)
FPL:
Generation:(a)
New(b)	$	3,075	$	4,330	$	4,010	$	4,820	$	4,225	$	20,460
Existing	730		1,360		1,300		1,300		1,350		6,040
Transmission and distribution(c)	3,320		4,910		4,775		5,900		6,720		25,625
Nuclear fuel	155		345		415		380		410		1,705
General and other	750		755		740		665		620		3,530
Total	$	8,030	$	11,700	$	11,240	$	13,065	$	13,325	$	57,360
NEER:(d)
Wind(e)	$	1,980	$	1,545	$	1,520	$	170	$	105	$	5,320
Solar(f)	7,380		6,090		1,610		—		25		15,105
Other clean energy(g)	2,680		3,130		570		10		—		6,390
Nuclear, including nuclear fuel	620		1,065		825		485		445		3,440

Regulated electric and gas transmission	645		1,085		790		635		765		3,920
Other	520		350		310		335		370		1,885
Total	$	13,825	$	13,265	$	5,625	$	1,635	$	1,710	$	36,060

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(a)Includes AFUDC of approximately $160 million, $265 million, $245 million, $275 million and $235 million for the remainder of 2026 through 2030, respectively.

(b)Includes land, generation structures, transmission interconnection and integration and licensing.

(c)Includes AFUDC of approximately $65 million, $95 million, $105 million, $165 million and $160 million for the remainder of 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 3,717 MW, and related transmission.

(f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 13,650 MW and related transmission.

(g)Includes capital expenditures primarily for battery storage projects totaling approximately 4,846 MW and related transmission, as well as renewable fuels projects.

Required capacity and/or minimum payments under contracts

The required capacity and/or minimum payments under contracts, including those discussed above, as of March 31, 2026 were estimated as follows:


	Remainder of 2026		2027		2028		2029		2030		Thereafter
	(millions)
FPL(a)	$	935	$	1,185	$	1,150	$	1,135	$	1,060	$	6,470

NEER(b)(c)	$	7,485	$	2,645	$	615	$	230	$	155	$	485

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(a)Includes approximately $325 million, $430 million, $430 million, $425 million, $425 million and $4,540 million for the remainder of 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. For the three months ended March 31, 2026 and 2025, the charges associated with these agreements totaled approximately $100 million and $100 million, respectively.

(b)Includes approximately $150 million of commitments to invest in technology and other investments through 2032. See Note 7 – Other.

(c)Includes approximately $1,560 million and $470 million for the remainder of 2026 and 2027, respectively, of joint obligations of NEECH and NEER.