v3.26.1
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Reconciliation Between the Effective Income Tax Rates and the Applicable Statutory Rate A reconciliation of the income tax expense (benefit) and effective income tax rates based on the statutory U.S. federal income tax rate is as follows:
 NEE
 Three Months Ended June 30,Six Months Ended June 30,
 2026202520262025
(millions, except for percentages)
Income taxes at U.S. statutory rate of 21%
$533 21.0 %$290 21.0 %$785 21.0 %$279 21.0 %
Increases (reductions) resulting from:
State income taxes – net of federal income tax benefit
118 4.7 47 3.4 90 2.4 64 4.8 
Nontaxable or nondeductible items:
Taxes attributable to noncontrolling interests109 4.3 82 5.9 213 5.7 159 12.0 
Amortization of deferred regulatory credit(13)(0.5)(40)(2.9)(37)(1.0)(84)(6.3)
Other – net
(10)(0.4)— — (26)(0.7)(19)(1.4)
Clean energy tax credits(a)
(827)(32.6)(650)(47.0)(1,618)(43.3)(1,189)(89.6)
Valuation adjustments
36 1.4 28 2.0 64 1.7 50 3.8 
Other adjustments – net
(30)(1.2)(13)(0.9)(44)(1.1)(37)(2.9)
Income tax benefit and effective tax rate
$(84)(3.3)%$(256)(18.5)%$(573)(15.3)%$(777)(58.6)%
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(a)For the six months ended June 30, 2026, includes the impact from ITC amortization utilized as part of FPL's RSM. See Note 11 – Rate Regulation.
 
FPL
 Three Months Ended June 30,Six Months Ended June 30,
 2026202520262025
(millions, except for percentages)
Income taxes at U.S. statutory rate of 21%
$322 21.0 %$302 21.0 %$625 21.0 %$624 21.0 %
Increases (reductions) resulting from:  
State income taxes – net of federal income tax benefit
66 4.3 62 4.3 128 4.3 128 4.3 
Clean energy tax credits(a)
(254)(16.6)(155)(10.8)(622)(20.9)(279)(9.4)
Amortization of deferred regulatory credit(13)(0.8)(40)(2.8)(25)(0.8)(83)(2.8)
Other adjustments – net
— — (5)(0.3)(3)(0.1)(11)(0.3)
Income tax expense and effective tax rate$121 7.9 %$164 11.4 %$103 3.5 %$379 12.8 %
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(a)For the six months ended June 30, 2026, includes the impact from ITC amortization utilized as part of the RSM. See Note 11 – Rate Regulation.