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United States

NextEra Energy Inc (NEE.N)

NEE.N on New York Stock Exchange

116.49USD
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Crown Castle announces agreement to acquire FiberNet
Tuesday, 1 Nov 2016 09:00am EDT 

Crown Castle International Corp : Crown Castle announces agreement to acquire Fibernet . To acquire FPL Fibernet Holdings LLC and certain other subsidiaries of Nextera Energy Inc for about $1.5 billion in cash . In first year of co's ownership, transaction is expected to contribute approximately $105 to $110 million to gross margin . Acquisition to be immediately accretive to adjusted funds from operations ("AFFO") per share upon closing . Pro forma for proposed acquisition, Crown Castle will own or have rights to approximately 28,500 route miles of fiber . In first year of co's ownership, deal expected to contribute about $15 to $20 million of general and administrative expenses . Transaction includes approximately $5 million in annual cash flows associated with a customer lease .Pro forma for proposed acquisition, Crown Castle will own or have rights to approximately 28,500 route miles of fiber.  Full Article

WGL Midstream acquires additional 3 pct interest in Mountain Valley pipeline
Monday, 31 Oct 2016 08:30am EDT 

WGL Holdings Inc : WGL Midstream acquires additional 3 percent interest in Mountain Valley pipeline . WGL Holdings Inc - WGL Midstream now owns a 10 percent interest in Mountain Valley . WGL Holdings Inc - WGL Midstream now owns 10 percent interest in Mountain Valley, and its estimated aggregate investment is expected to be about $326 million .WGL Midstream acquires additional 3 percent interest in Mountain Valley pipeline.  Full Article

Nextera energy Q3 adjusted earnings per share $1.74
Monday, 31 Oct 2016 07:59am EDT 

Nextera Energy Inc : Q3 adjusted earnings per share $1.74 . Q3 GAAP earnings per share $1.62 . Sees fy 2016 adjusted earnings per share $5.85 to $6.35 . Q3 earnings per share view $1.67 -- Thomson Reuters I/B/E/S . Fy2016 earnings per share view $6.20 -- Thomson Reuters I/B/E/S . Nextera Energy Inc says "development activities of nextera energy resources' natural gas pipeline projects remain on track" .Sees adjusted earnings per share in range of $6.60 to $7.10 for 2018.  Full Article

Nextera Energy partners board declared quarterly distribution
Monday, 31 Oct 2016 07:30am EDT 

Nextera Energy Partners Lp : Board declared quarterly distribution of $0.34125 per common unit to unitholders of Nextera Energy Partners . Nextera Energy Partners LP says continues to expect 12 to 15 percent per year growth in limited partner distributions through 2020 . Nextera Energy says expects annualized rate of q4 2016 distribution to be in the range of $1.38 to $1.41 per common unit . Reported third-quarter 2016 net income attributable to Nextera Energy partners of $27 million . Nextera Energy continues to expect a Dec. 31, 2016, run rate for adjusted EBITDA of $670 million to $760 million . Qtrly operating revenue $186 million versus $115 million .Qtrly earnings per common unit $0.62.  Full Article

Nextera Energy reaches agreement for an affiliate to merge with Texas Transmission Holdings Corporation
Monday, 31 Oct 2016 06:45am EDT 

Nextera Energy Inc : Nextera Energy reaches agreement for an affiliate to merge with Texas Transmission Holdings Corporation, including its approximately 20 percent indirect interest in Oncor Electric Delivery Company . Nextera Energy says deal for merger consideration of approximately $2.4 billion . Nextera Energy says it will pay 100 percent of merger consideration in cash . Nextera Energy says reached an agreement to acquire remaining 0.22 percent interest in Oncor that is owned by Oncor Management Investment . Nextera Energy says no debt will reside at TTHC or Texas Transmission Investment LLC upon close of merger . Transaction is not subject to any financing contingencies . Nextera Energy says it expects to fund merger consideration through a combination of debt and equity .Nextera Energy says combined with co's deal to acquire energy future holdings' about 80 percent interest in Oncor, deal would result in co owning 100 percent of Oncor.  Full Article

Florida Power & Light completes service restoration to over 1.2 mln customers impacted by Hurricane Matthew
Thursday, 13 Oct 2016 11:22am EDT 

Florida Power & Light Co:Florida Power & Light Co completes service restoration to more than 1.2 million customers impacted by Hurricane Matthew.  Full Article

Florida Power & Light Co says expects more outages as hurricane Matthew remains a threat
Friday, 7 Oct 2016 09:38am EDT 

Florida Power & Light Company: FPL responding to outages caused by hurricane Matthew . As of 8 a.m. on Oct. 7, approximately 475,000 customers affected by hurricane Matthew remain without electricity . Expects more outages as Matthew remains a threat to more than 1 million customers throughout Central and North Florida . Expect to restore power to all customers in Miami-Dade, Broward counties, to majority of customers in Palm beach county by end of Oct. 7 .Expects to restore power to all customers in Palm beach county by Saturday, Oct. 8..  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

Energy Future bankruptcy exit hearings set for February

WILMINGTON, Del. Texas power company Energy Future Holdings Corp will start hearings in February to confirm its Chapter 11 bankruptcy exit plan and its proposed sale of its power lines business to NextEra Energy Inc for $18.6 billion, a judge said on Thursday.