v3.26.3
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2026
Commitments and Contingencies [Abstract]  
Schedule of Planned Capital Expenditures
As of September 30, 2026, estimated capital expenditures, on an accrual basis, for the remainder of 2026 through 2030 were as follows:
Remainder of 20262027202820292030Total
(millions)
FPL:
Generation:(a)
New(b)
$1,460 $4,330 $4,010 $4,820 $4,225 $18,845 
Existing3451,3601,3001,3001,3505,655 
Transmission and distribution(c)
1,2154,9104,7755,9006,72023,520 
Nuclear fuel1303504604003801,720 
General and other4907557406656203,270 
Total$3,640 $11,705 $11,285 $13,085 $13,295 $53,010 
NEER:(d)
Wind(e)
$200 $1,560 $2,805 $110 $90 $4,765 
Solar(f)
2,980 7,600 4,085 195 280 15,140 
Other clean energy(g)
1,575 5,665 2,420 85 660 10,405 
Nuclear, including nuclear fuel285 1,110 875 500 460 3,230 
Regulated electric and gas transmission(h)
380 1,265 1,015 1,200 2,110 5,970 
Other290 520 375 405 415 2,005 
Total$5,710 $17,720 $11,575 $2,495 $4,015 $41,515 
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(a)Includes AFUDC of approximately $50 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 $20 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 3,486 MW, and related transmission.
(f)Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 15,877 MW and related transmission.
(g)Includes capital expenditures primarily for battery storage projects totaling approximately 8,237 MW and related transmission, as well as renewable fuels projects.
(h)Includes equity contributions associated with an equity investment in a joint venture that is constructing a natural gas pipeline. The natural gas pipeline is pending environmental permitting approvals to proceed with construction.
Required capacity and/or minimum payments under contracts
The required capacity and/or minimum payments under contracts, including those discussed above, as of September 30, 2026 were estimated as follows:

Remainder of 20262027202820292030Thereafter
(millions)
FPL(a)
$310 $1,200 $1,215 $1,225 $1,265 $8,905 
NEER(b)(c)(d)
$3,910 $5,240 $1,000 $430 $200 $530 
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(a)Includes approximately $110 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 nine months ended September 30, 2026, the charges associated with these agreements totaled approximately $109 million and $317 million, respectively. For the three and nine months ended September 30, 2025, the charges associated with these agreements totaled approximately $104 million and $308 million, respectively.
(b)Includes approximately $50 million, $95 million, $180 million, $185 million and $15 million for the remainder of 2026 through 2030, respectively, of commitments related to equity contributions associated with a joint venture, in which NEER has a 49% equity investment, that is constructing a natural gas pipeline.
(c)Includes approximately $140 million of commitments to invest in technology and other investments through 2032. See Note 7 – Other.
(d)Includes approximately $1,710 million, $1,015 million and $145 million for the remainder of 2026, 2027 and 2028, respectively, of joint obligations of NEECH and NEER.