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NextEra Energy Inc Announces Common Stock Offering


Monday, 18 Nov 2013 04:26pm EST 

NextEra Energy, Inc announced that it plans to make an offering of 11,100,000 shares of its common stock in a registered underwritten public offering. Of the shares being offered, NextEra Energy expects to issue and sell 4,500,000 shares to the underwriters in the offering, and, subject to certain conditions, the forward counterparty (as defined below) (or its affiliate) is expected to borrow, and sell to the underwriters, 6,600,000 shares in connection with the forward sale agreement described below. NextEra Energy will issue and sell additional shares to the underwriters to the extent that the forward counterparty (or its affiliate) does not borrow and sell such number of shares. Closing of this offering is expected to occur on or about November 22, 2013. NextEra Energy will add any net proceeds that it receives from the offering and any proceeds that it receives upon settlement of the forward sale agreement to its general funds and expects to use its general funds to fund investments in energy and power projects, including renewable power projects, and for other general corporate purposes, including the repayment of a portion of its subsidiary, NextEra Energy Capital Holdings, Inc.'s, total outstanding commercial paper obligations.