| Property, Plant, and Equipment |
Property, Plant and Equipment – Property, plant and equipment consists of the following:
| | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | (millions) | | Property, plant and equipment, gross | $ | 19,006 | | | $ | 18,878 | | | Accumulated depreciation | (3,916) | | | (3,512) | | | Property, plant and equipment – net | $ | 15,090 | | | $ | 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 September 30, 2026 | | (millions) | | Balances, June 30, 2026 | | $ | 3,308 | | | $ | 2,478 | | | $ | 571 | | | $ | 1,016 | | | $ | 7,373 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to noncontrolling interests | | 52 | | | (119) | | | 87 | | | 22 | | | 42 | | | | | | | | | | | | | | Related party contributions | | — | | | — | | | 34 | | | — | | | 34 | | | Distributions, primarily to related parties | | — | | | — | | | (31) | | | (18) | | | (49) | | | | | | | | | | | | | Differential membership investment contributions, net of distributions | | — | | | 65 | | | — | | | — | | | 65 | | | Buyout of differential membership investors | | — | | | (27) | | | (6) | | | — | | | (33) | | Payments to Class B noncontrolling interest investors | | (34) | | | — | | | — | | | — | | | (34) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balances, September 30, 2026 | | $ | 3,326 | | | $ | 2,397 | | | $ | 655 | | | $ | 1,020 | | | $ | 7,398 | | | | | | | | | | | | | | Nine Months Ended September 30, 2026 | | | | | | | | | | | | Balances, December 31, 2025 | | $ | 3,384 | | | $ | 2,835 | | | $ | 502 | | | $ | 988 | | | $ | 7,709 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to noncontrolling interests | | 159 | | | (431) | | | 142 | | | 66 | | | (64) | | | Other comprehensive income | | — | | | — | | | 1 | | | — | | | 1 | | Related party contributions | | — | | | — | | | 89 | | | — | | | 89 | | | Distributions, primarily to related parties | | — | | | — | | | (51) | | | (34) | | | (85) | | | | | | | | | | | | | Differential membership investment contributions, net of distributions | | — | | | 119 | | | — | | | — | | | 119 | | | Buyout of differential membership investors | | — | | | (126) | | | (28) | | | — | | | (154) | | Payments to Class B noncontrolling interest investors | | (67) | | | — | | | — | | | — | | | (67) | | | | | | | | | | | | | | | | | | | | | | | | | Buyout of Class B noncontrolling interest investors | | (149) | | | — | | | — | | | — | | | (149) | | Other – net | | (1) | | | — | | | — | | | — | | | (1) | | | Balances, September 30, 2026 | | $ | 3,326 | | | $ | 2,397 | | | $ | 655 | | | $ | 1,020 | | | $ | 7,398 | |
———————————— (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 September 30, 2025 | | (millions) | | Balances, June 30, 2025 | | $ | 3,541 | | | $ | 3,086 | | | $ | 470 | | | $ | 980 | | | $ | 8,077 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to noncontrolling interests | | 58 | | | (136) | | | 35 | | | 16 | | | (27) | | | | | | | | | | | | | | | | | | | | | | | | | Distributions, primarily to related parties | | — | | | — | | | (30) | | | (14) | | | (44) | | | | | | | | | | | | | | Differential membership investment contributions, net of distributions | | — | | | 92 | | | — | | | — | | | 92 | | | Buyout of differential membership investors | | — | | | (24) | | | (1) | | | — | | | (25) | | | Payments to Class B noncontrolling interest investors | | (33) | | | — | | | — | | | — | | | (33) | | | | | | | | | | | | | | Buyout of Class B noncontrolling interest investors | | (221) | | | — | | | 1 | | | — | | | (220) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balances, September 30, 2025 | | $ | 3,345 | | | $ | 3,018 | | | $ | 475 | | | $ | 982 | | | $ | 7,820 | | | | | | | | | | | | | | Nine Months Ended September 30, 2025 | | | | | | | | | | | | Balances, December 31, 2024 | | $ | 4,376 | | | $ | 3,457 | | | $ | 549 | | | $ | 1,269 | | | $ | 9,651 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) attributable to noncontrolling interests | | 193 | | | (524) | | | (31) | | | 63 | | | (299) | | | | | | | | | | | | | | Related party contributions | | — | | | — | | | 5 | | | — | | | 5 | | | Distributions, primarily to related parties | | — | | | — | | | (43) | | | (43) | | | (86) | | Changes in non-economic ownership interests | | — | | | — | | | — | | | (309) | | | (309) | | Differential membership investment contributions, net of distributions | | — | | | 150 | | | — | | | — | | | 150 | | | Buyout of differential membership investors | | — | | | (65) | | | (5) | | | — | | | (70) | | | Payments to Class B noncontrolling interest investors | | (71) | | | — | | | — | | | — | | | (71) | | | | | | | | | | | | | | Buyout of Class B noncontrolling interest investors | | (1,152) | | | — | | | 1 | | | — | | | (1,151) | | | | | | | | | | | | | | | | | | | | | | | | Other – net | | (1) | | | — | | | (1) | | | 2 | | | — | | | Balances, September 30, 2025 | | $ | 3,345 | | | $ | 3,018 | | | $ | 475 | | | $ | 982 | | | $ | 7,820 | |
———————————— (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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