Analyst Research

Report Title Price
Provider: Stock Traders Daily
$20.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: Wright Reports
$75.00
Provider: ValuEngine, Inc.
$49.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

NextEra Energy Inc announces commencement of initial public offering of NextEra Energy Partners, LP


Thursday, 19 Jun 2014 08:00am EDT 

NextEra Energy Inc:Wholly owned subsidiary, NextEra Energy Partners, LP (NEP), has commences initial public offering of its common units representing limited partner interests.NEP is offering 16,250,000 common units to the public.In addition, the underwriters have a 30-day option to purchase up to an additional 2,437,500 common units from NextEra Energy Partners at the initial public offering price, less the underwriting discount.Initial public offering price is expected to be between $19.00 and $21.00 per common unit.Common units of NextEra Energy Partners have been approved for listing on New York Stock Exchange under the symbol 'NEP.NextEra Energy Partners intends to use a portion of net proceeds of this offering to purchase the common units of NextEra Energy Operating Partners, LP, which is the entity that holds NEP's project assets.NextEra Energy Operating Partners, LP will use such net proceeds for general corporate purposes, including funding future acquisition opportunities.BofA Merrill Lynch and Goldman, Sachs & Co. are acting as joint book-running managers and structuring agents for the offering, and Morgan Stanley is acting as a joint book-running manager for the offering. 

Company Quote

105.2
0.61 +0.58%
11:57am EDT