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NextEra Energy Partners (NEP) Prices 10.4M Common Offering at $29.48/Unit

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NextEra Energy Partners, LP announces pricing of offering of common units

September 9, 2016 9:09 AM EDT

JUNO BEACH, Fla., Sept. 9, 2016 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced the pricing of a registered underwritten offering of 10,402,000 common units representing limited partner interests in NextEra Energy Partners, LP at a public offering price of $29.48 per common unit. The underwriters have a 30-day option to purchase up to an additional 1,560,300 common units from NextEra Energy Partners.

The offering is expected to close on Sept. 14, 2016, subject to customary conditions. NextEra Energy Partners intends to use the... More

NextEra Energy Partners, LP announces offering of common units

September 8, 2016 4:29 PM EDT

JUNO BEACH, Fla., Sept. 8, 2016 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it has entered into an agreement with six financial institutions to sell 10,402,000 newly issued common units representing limited partner interests in NextEra Energy Partners, subject to customary conditions. The underwriters have a 30-day option to purchase up to an additional 1,560,300 common units from NextEra Energy Partners.

NextEra Energy Partners intends to use the net proceeds of the offering to fund its recently announced acquisition of an... More

NextEra Energy Partners, LP announces agreement to acquire indirect 24 percent interest in Desert Sunlight Investment Holdings, LLC

September 8, 2016 4:29 PM EDT

JUNO BEACH, Fla., Sept. 8, 2016 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it has entered into an agreement with a subsidiary of its sponsor, NextEra Energy Resources, LLC, to acquire an indirect 24 percent interest in Desert Sunlight Investment Holdings, LLC. When completed, the acquisition will expand NextEra Energy Partners' portfolio of contracted renewable energy projects to approximately 2,788 megawatts (MW).1

"This acquisition further demonstrates our ability to acquire assets at attractive yields that will be accretive... More