| Property, Plant, and Equipment |
Property, Plant and Equipment – Property, plant and equipment consists of the following:
| | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | (millions) | | Property, plant and equipment, gross | $ | 18,964 | | | $ | 18,878 | | | Accumulated depreciation | (3,779) | | | (3,512) | | | Property, plant and equipment – net | $ | 15,185 | | | $ | 15,366 | | | | | |
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| Schedule of Noncontrolling Interest |
Details of the activity in noncontrolling interests are below:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Class B Noncontrolling Membership Interests | | Differential Membership Interests | | NEE's Indirect Noncontrolling Ownership Interests(a) | | Other Noncontrolling Ownership Interests(b) | | Total Noncontrolling Interests | | Three Months Ended June 30, 2026 | | (millions) | | Balances, March 31, 2026 | | $ | 3,417 | | | $ | 2,640 | | | $ | 479 | | | $ | 994 | | | $ | 7,530 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to noncontrolling interests | | 53 | | | (157) | | | 55 | | | 24 | | | (25) | | | | | | | | | | | | | | Related party contributions | | — | | | — | | | 45 | | | — | | | 45 | | | Distributions, primarily to related parties | | — | | | — | | | (8) | | | (2) | | | (10) | | | | | | | | | | | | | Differential membership investment contributions, net of distributions | | — | | | (6) | | | — | | | — | | | (6) | | | | | | | | | | | | | Payments to Class B noncontrolling interest investors | | (13) | | | — | | | — | | | — | | | (13) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Buyout of Class B noncontrolling interest investors | | (149) | | | — | | | — | | | — | | | (149) | | Other – net | | — | | | 1 | | | — | | | — | | | 1 | | | Balances, June 30, 2026 | | $ | 3,308 | | | $ | 2,478 | | | $ | 571 | | | $ | 1,016 | | | $ | 7,373 | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | | | | | | | | | | | Balances, December 31, 2025 | | $ | 3,384 | | | $ | 2,835 | | | $ | 502 | | | $ | 988 | | | $ | 7,709 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to noncontrolling interests | | 107 | | | (314) | | | 57 | | | 44 | | | (106) | | | | | | | | | | | | | Related party contributions | | — | | | — | | | 54 | | | — | | | 54 | | | Distributions, primarily to related parties | | — | | | — | | | (19) | | | (16) | | | (35) | | | | | | | | | | | | | Differential membership investment contributions, net of distributions | | — | | | 54 | | | — | | | — | | | 54 | | | Buyout of differential membership investors | | — | | | (99) | | | (21) | | | — | | | (120) | | Payments to Class B noncontrolling interest investors | | (33) | | | — | | | — | | | — | | | (33) | | | | | | | | | | | | | | | | | | | | | | | | | Buyout of Class B noncontrolling interest investors | | (149) | | | — | | | — | | | — | | | (149) | | Other – net | | (1) | | | 2 | | | (2) | | | — | | | (1) | | | Balances, June 30, 2026 | | $ | 3,308 | | | $ | 2,478 | | | $ | 571 | | | $ | 1,016 | | | $ | 7,373 | |
———————————— (a)Primarily reflects NEE Equity's noncontrolling interest in XPLR OpCo and NEER's noncontrolling interests in Silver State, Sunlight Renewables Holdings and Emerald Breeze. (b)Reflects a third-party's noncontrolling ownership interest in Star Moon Holdings. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Class B Noncontrolling
Membership Interests | | Differential Membership
Interests | | NEE's Indirect Noncontrolling Ownership Interests(a) | | Other Noncontrolling
Ownership Interests | | Total Noncontrolling
Interests | | Three Months Ended June 30, 2025 | | (millions) | | Balances, March 31, 2025 | | $ | 4,429 | | | $ | 3,317 | | | $ | 416 | | | $ | 1,275 | | | $ | 9,437 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to noncontrolling interests | | 60 | | | (195) | | | 67 | | | 25 | | | (43) | | | | | | | | | | | | | | Related party contributions | | — | | | — | | | 1 | | | — | | | 1 | | | Distributions, primarily to related parties | | — | | | — | | | (10) | | | (11) | | | (21) | | | Changes in non-economic ownership interests | | — | | | — | | | — | | | (309) | | | (309) | | | Differential membership investment contributions, net of distributions | | — | | | (15) | | | — | | | — | | | (15) | | | Buyout of differential membership investors | | — | | | (21) | | | (4) | | | — | | | (25) | | | Payments to Class B noncontrolling interest investors | | (17) | | | — | | | — | | | — | | | (17) | | | | | | | | | | | | | | Buyout of Class B noncontrolling interest investors | | (931) | | | — | | | — | | | — | | | (931) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balances, June 30, 2025 | | $ | 3,541 | | | $ | 3,086 | | | $ | 470 | | | $ | 980 | | | $ | 8,077 | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | | | | | | | | | | | Balances, December 31, 2024 | | $ | 4,376 | | | $ | 3,457 | | | $ | 549 | | | $ | 1,269 | | | $ | 9,651 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to noncontrolling interests | | 134 | | | (388) | | | (66) | | | 47 | | | (273) | | | | | | | | | | | | | | Related party contributions | | — | | | — | | | 5 | | | — | | | 5 | | | Distributions, primarily to related parties | | — | | | — | | | (15) | | | (27) | | | (42) | | Changes in non-economic ownership interests | | — | | | — | | | — | | | (309) | | | (309) | | Differential membership investment contributions, net of distributions | | — | | | 59 | | | — | | | — | | | 59 | | | Buyout of differential membership investors | | — | | | (42) | | | (3) | | | — | | | (45) | | | Payments to Class B noncontrolling interest investors | | (38) | | | — | | | — | | | — | | | (38) | | | | | | | | | | | | | | Buyout of Class B noncontrolling interest investors | | (931) | | | — | | | — | | | — | | | (931) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balances, June 30, 2025 | | $ | 3,541 | | | $ | 3,086 | | | $ | 470 | | | $ | 980 | | | $ | 8,077 | |
———————————— (a)Primarily reflects NEE Equity's noncontrolling interest in XPLR OpCo and NEER's noncontrolling interests in Silver State, Sunlight Renewables Holdings and Emerald Breeze.
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