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United States

NextEra Energy Inc (NEE.N)

NEE.N on New York Stock Exchange

126.48USD
28 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Nextera Energy says the parties to Energy Future merger agreement entered into an amendment - SEC filing
Tuesday, 20 Sep 2016 04:27pm EDT 

Nextera Energy Inc : Says on September 18, 2016, the parties to Energy Future merger agreement entered into an amendment - SEC filing . Says amendment increases the “merger sub cash amount” by $300 million to $4.396 billion .Says amendment increases total consideration for the transaction to be funded by NEE to $9.796 billion.  Full Article

U.S. Bankruptcy court approval for Energy Future Holdings to enter into merger agreements with Nextera Energy
Monday, 19 Sep 2016 03:42pm EDT 

Nextera Energy : Nextera Energy -U.S. Bankruptcy court approval for Energy Future Holdings to enter into merger agreements with Nextera Energy represents important next step in overall process toward acquisition of oncor . Nextera Energy -With proposed transaction, all debt that resides above Oncor and Energy Future intermediate holding company will be extinguished .Nextera Energy -Expects to file soon with Oncor a joint application with public utility commission of Texas requesting approval of proposed transaction.  Full Article

Nextera announces offering of common units with limited partner interests in co
Thursday, 8 Sep 2016 04:29pm EDT 

Nextera Energy Partners : Nextera Energy Partners Lp announces offering of common units .Agreement with six financial institutions to sell 10.4 million newly issued common units representing limited partner interests in Nextera Energy Partners.  Full Article

Nextera to acquire indirect 24 pct interest in Desert Sunlight Investment
Thursday, 8 Sep 2016 04:29pm EDT 

Nextera Energy Partners Lp : Nextera Energy Partners LP announces agreement to acquire indirect 24 percent interest in Desert Sunlight Investment Holdings, Llc . Nextera Energy says deal for $218 million . Nextera Energy Partners Lp says expects to fund transaction through net proceeds of an issuance of common units . Purchase price considers $258 million of existing non-recourse project debt and is subject to working capital adjustments . Says expects deal to contribute adjusted EBITDA of about $43 million to $53 million on annual run rate basis as of Dec. 31, 2016 . Acquisition is expected to contribute to an increase in Q3 distribution to an annualized rate of $1.365 per common unit .Sees deal to increase co's estimated incremental debt capacity at holding company to approximately $375 million to $475 million.  Full Article

Nextera Energy reaches agreements with global financial institutions for Oncor transaction
Monday, 29 Aug 2016 06:45am EDT 

Nextera Energy Inc : Nextera Energy reaches agreements with global financial institutions for Oncor transaction . Says secured access to a broad contingent of leading financial institutions to act as financial advisors . Contingent of financial institutions is led by Credit Suisse Securities (USA) LLC and Bank of America Merrill Lynch among others . Nextera Energy Inc says Co to fund $9.5 billion, primarily for repayment of about all of Energy Future Intermediate Holding Company LLC debt . Says expected that certain creditors will be paid primarily in cash with remainder in nextera energy common stock . Says intends to repay in full efih first lien Debtor-In-Possession ("DIP") financing facility . Intends to use combination of debt, convertible equity units and proceeds from asset sales to fund cash being provided to creditors . Oncor transaction is not subject to any financing contingencies . Says to repay dip financing facility using cash financed by a non-efh/oncor Nextera Energy affiliate upon closing . Nextera Energy Inc says expected that certain creditors will be paid primarily in cash with remainder in Nextera Energy common stock .As part of Energy Future Holdings' plan of reorganization, transaction would extinguish all efh,efih debt currently existing above Oncor.  Full Article

NextEra Energy to sell $1.50 billion of equity units
Tuesday, 2 Aug 2016 04:39pm EDT 

NextEra Energy Inc : NextEra Energy to sell equity units . It intends to sell $1.50 billion of equity units . Equity unit will be issued in a stated amount of $50 .Net proceeds from sale of equity units will be added to general funds of Nextera Energy Capital Holdings.  Full Article

Nextera Energy to sell certain assets for $760
Friday, 29 Jul 2016 07:30am EDT 

Nextera Energy Inc : Nextera Energy Resources agrees to sell Pennsylvania gas generating assets to Starwood Energy . Deal for $760 million . Nextera Energy Resources sees sale to result in net proceeds of about $255 million after repayment of existing project related financing .Nextera Energy Resources LLC to sell interest in Marcus Hook generating assets to investment unit of Starwood Energy Group Global Llc.  Full Article

NextEra to buy bankrupt Energy Future and stake in Oncor
Friday, 29 Jul 2016 06:15am EDT 

Nextera Energy Inc : Deal has total enterprise value of approximately $18.4 billion . No involuntary workforce reductions at oncor for at least two years after transaction close . Definitive agreement will be filed publicly as part of restructuring of efh . As part of transaction, nextera energy intends to fund $9.5 billion, primarily for repayment of efih debt . Transaction is not subject to any financing contingencies. . Credit suisse securities (usa) llc and bank of america merrill lynch are serving as lead financial advisors to nextera energy . Transaction has been approved by boards of directors of both nextera energy and efh . Intends to use combination of debt, convertible equity units, and proceeds from asset sales to fund cash being provided to creditors . Financial advisors include deutsche bank securities, j.p. Morgan securities, ubs securities and wells fargo securities . Newly formed unit of co will acquire reorganized energy future holdings including efh's 80 percent interest in oncor electric delivery co . Nextera energy reaches definitive agreement to acquire energy future holdings' interest in oncor electric delivery company . Transaction expected to be meaningfully accretive to nextera energy earnings . Definitive agreement is part of an overall plan of reorganization that is designed to allow efh to emerge from chapter 11 bankruptcy . Transaction will extinguish all efh and efih debt that currently exists above oncor.  Full Article

Nextera Energy reports Q2 GAAP earnings per share $1.16
Wednesday, 27 Jul 2016 07:30am EDT 

Nextera Energy Inc : Q2 adjusted earnings per share $1.67 . Continues to expect adjusted earnings per share to be in the range of $5.85 to $6.35 for 2016 and in the range of $6.60 to $7.10 for 2018 . Q2 operating revenue $3.82 billion versus $4.36 billion . Q2 revenue view $4.33 billion -- Thomson Reuters I/B/E/S . Qtrly GAAP earnings per share $1.16 . Q2 earnings per share view $1.57 -- Thomson Reuters I/B/E/S .FY2016 earnings per share view $6.18 -- Thomson Reuters I/B/E/S.  Full Article

Nextera Energy Q2 earnings $0.19/share
Wednesday, 27 Jul 2016 07:30am EDT 

Nextera Energy Partners Lp : Reports qtrly earnings per common unit attributable to Nextera Energy Partners LP $0.19 . Nextera Energy Partners LP qtrly operating revenues $171 million versus $125 million . Nextera Energy Partners LP continues to expect 12 to 15 percent per year growth in limited partner distributions through 2020 . Nextera Energy Partners LP now expects 2016 run rate for adjusted EBITDA of $670 million to $760 million . Q2 earnings per share view $0.33, revenue view $195.7 million -- Thomson Reuters I/B/E/S .Increased quarterly distribution to $0.33 per common unit.  Full Article

Texas regulators express 'deep concern' over NextEra deal

Sept 22 Texas regulators voiced "deep concern" on Thursday over some terms of NextEra Energy Inc's $18.4 billion acquisition of reorganized Energy Future Holding Corp, the owner of an 80 percent stake in transmission company Oncor Electric Delivery Co.