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Nextera Energy Partners LP (NEP)

NEP on New York Consolidated

34.55USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Nextera Energy Partners' unit acquires Golden West Wind Holdings
Monday, 1 May 2017 05:06pm EDT 

May 1 (Reuters) - Nextera Energy Partners Lp :On May 1, co's unit acquired Golden West Wind Holdings, Llc for approximately $238 million - SEC filing.Nextera Energy Partners - deal also included assumption by co's unit of $184 million in existing liabilities related to differential membership interests.  Full Article

Nextera Energy reports Q1 adj EPS $1.75
Friday, 21 Apr 2017 07:30am EDT 

April 21 (Reuters) - Nextera Energy Inc :Reports Q1 2017 net income attributable to Nextera Energy on a GAAP basis of $3.37 per share.On an adjusted basis, Nextera Energy's first-quarter 2017 earnings were $1.75 per share.Nextera Energy - continues to expect adjusted EPS to be in the range of $6.35 to $6.85 for 2017 and in the range of $6.80 to $7.30 for 2018.Qtrly preliminary operating revenue $3.97 billion versus $3.84 billion.Q1 earnings per share view $1.56, revenue view $3.99 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $6.61 -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $7.10 -- Thomson Reuters I/B/E/S.  Full Article

Nextera Energy Partners LP- unit of co entered into loan agreements
Tuesday, 4 Apr 2017 04:36pm EDT 

Nextera Energy Partners LP : Nextera Energy Partners LP - on March 29, unit of co entered into and borrowed $200 million under three variable rate senior secured term loan agreements . Principal on term loans is due in October 2018 ($100 million) and March 2019 ($100 million) .Nextera Energy Partners - proceeds of term loans may be used for $200 million payment of indemnity holdback related to acquisition of Texas pipeline business.  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

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 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

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BRIEF-Nextera Energy Partners' unit acquires Golden West Wind Holdings

* On May 1, co's unit acquired Golden West Wind Holdings, Llc for approximately $238 million - SEC filing