Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies [Abstract]

Schedule of Planned Capital Expenditures

As of June 30, 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)	$	2,170	$	4,330	$	4,010	$	4,820	$	4,225	$	19,555
Existing	330		1,360		1,300		1,300		1,350		5,640
Transmission and distribution(c)	2,195		4,910		4,775		5,900		6,720		24,500
Nuclear fuel	145		345		450		390		380		1,710
General and other	545		755		740		665		620		3,325
Total	$	5,385	$	11,700	$	11,275	$	13,075	$	13,295	$	54,730
NEER:(d)
Wind(e)	$	915	$	1,485	$	3,220	$	190	$	115	$	5,925
Solar(f)	5,810		6,690		3,555		95		450		16,600
Other clean energy(g)	2,655		4,070		1,660		35		10		8,430
Nuclear, including nuclear fuel	470		1,110		875		510		455		3,420

Regulated electric and gas transmission	545		1,025		760		680		905		3,915
Other	320		370		325		345		370		1,730
Total	$	10,715	$	14,750	$	10,395	$	1,855	$	2,305	$	40,020

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(a)Includes AFUDC of approximately $115 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 $45 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 3,637 MW, and related transmission.

(f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 16,245 MW and related transmission.

(g)Includes capital expenditures primarily for battery storage projects totaling approximately 6,115 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 June 30, 2026 were estimated as follows:


	Remainder of 2026		2027		2028		2029		2030		Thereafter
	(millions)
FPL(a)	$	625	$	1,195	$	1,165	$	1,160	$	1,195	$	8,145

NEER(b)(c)	$	5,395	$	4,255	$	720	$	250	$	170	$	490

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(a)Includes approximately $215 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 and six months ended June 30, 2026, the charges associated with these agreements totaled approximately $108 million and $208 million, respectively. For the three and six months ended June 30, 2025, the charges associated with these agreements totaled approximately $104 million and $204 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 $1,585 million and $1,170 million for the remainder of 2026 and 2027, respectively, of joint obligations of NEECH and NEER.