v3.26.1
Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Long-term debt issuances and borrowings
Significant long-term debt issuances and borrowings during the six months ended June 30, 2026 were as follows:
Principal AmountInterest RateMaturity Date
(millions)
FPL:
   First mortgage bonds$2,250 5.125%–5.900%2036–2066
NEECH:
   Debentures – fixed$1,300 4.40%–5.85%2031–2056
Euro denominated debentures – fixed(a)
$1,549 2.989%–3.624%

2030–2034
   Debentures, related to NEE's equity units$2,300 4.00%2031–2034
Euro denominated junior subordinated debentures – fixed(a)(b)
$2,067 4.20%–
4.75%

2056
Junior subordinated debentures – fixed$600 6.50%2086
Junior subordinated debentures – fixed(c)
$3,750 6.000%–6.625%2056–2066
NEER:
Senior secured limited-recourse debt$372 6.59%

2033
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(a)Foreign currency swaps have been entered into with respect to these debt issuances. See Note 2.
(b)Two series of junior subordinated debentures were issued in February 2026. One series will initially bear interest at 4.20% until February 26, 2032 and thereafter will bear interest based on an underlying index plus a specified margin, reset every five years; such margin will increase on February 26, 2037 and February 26, 2052. The second series will initially bear interest at 4.75% until February 26, 2036, and thereafter will bear interest at a rate based on an underlying index plus a specified margin, to be reset every five years.
(c)Three series of junior subordinated debentures were issued in June 2026 and will initially bear interest at 6.000% until October 1, 2031, 6.200% until October 1, 2036 and 6.625% until October 1, 2046, respectively, and thereafter each series will bear interest at a rate based on an underlying index plus a specified margin, to be reset every five years, provided that the interest rates will not reset below the respective initial interest rates.