NextEra Energy Partners Prices IPO At $25.00 Per Unit - Quick Facts

(RTTNews) - NextEra Energy Inc. (NEE) and its wholly owned subsidiary, NextEra Energy Partners, LP (NEP), announced that NextEra Energy Partners has priced an initial public offering of 16.25 million common units, representing limited partner interests, at a price of $25.00 per common unit.

In addition, the underwriters have a 30-day option to purchase up to an additional 2.44 million common units from NextEra Energy Partners at the initial public offering price, less the underwriting discount.

The common units of NextEra Energy Partners will be listed on the New York Stock Exchange under the symbol "NEP" and begin trading on June 27, 2014.

NextEra Energy Partners intends to use a portion of the net proceeds of this offering to purchase common units of NextEra Energy Operating Partners, LP, which is the entity that holds NextEra Energy Partners' project assets.

NextEra Energy Operating Partners, LP intends to use such net proceeds for general corporate purposes, including funding future acquisition opportunities. NextEra Energy Partners intends to use the remainder of the net proceeds of this offering to purchase common units of NextEra Energy Operating Partners from an affiliate of NextEra Energy.