Key Developments: Nextera Energy Partners LP (NEP)

NEP on New York Consolidated

34.19USD
19 Dec 2014
Price Change (% chg)

$-0.27 (-0.78%)
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Latest Key Developments (Source: Significant Developments)

NextEra Energy Partners declares first quarterly distribution
Thursday, 30 Oct 2014 04:05pm EDT 

NextEra Energy Partners, LP:Declares quarterly distribution of $0.1875 per common unit (corresponding to an annualized rate of $0.75 per common unit).Distribution is payable on Nov. 14, 2014, to unitholders of record on Nov. 5, 2014.This is the first regular quarterly distribution to unitholders of NextEra Energy Partners, LP Common Units.  Full Article

NextEra Energy Inc and NextEra Energy Partners, LP announces pricing of initial public offering of NextEra Energy Partners, LP
Friday, 27 Jun 2014 08:00am EDT 

NextEra Energy Inc and NextEra Energy Partners:Has priced an initial public offering of 16,250,000 common units, representing limited partner interests, at price of $25.00 per common unit.In addition 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.Common units of NextEra Energy Partners will be listed on New York Stock Exchange under the symbol NEP and begin trading on June 27.NextEra Energy Partners intends to use a portion of the net proceeds of this offering to purchase common units of NextEra Energy Operating Partners, LP, which is the entity that holds NextEra Energy Partners' project assets.NextEra Energy Operating Partners, LP intends to use such net proceeds for general corporate purposes, including funding future acquisition opportunities.NextEra Energy Partners intends to use the remainder of the net proceeds of this offering to purchase common units of NextEra Energy Operating Partners from an affiliate of NextEra Energy.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.  Full Article

Nextera Energy Partners LP sees IPO prices between $23.00 and $25.00 per common unit - Form S-1/A
Wednesday, 25 Jun 2014 01:29pm EDT 

Nextera Energy Partners LP:Offers 16,250,000 common units.Expect the public offering price to be between $23.00 and $25.00 per common unit.Expect common units will trade on the New York Stock Exchange under the symbol NEP.Intend to use of the net proceeds to purchase 9,587,597 NEE Operating LP common units from NEE Equity and to purchase 6,662,403 NEE Operating LP common units from NEE Operating LP.Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as representatives of each of the underwriters.Underwriters are Merrill Lynch, Pierce, Fenner & Smith Inc, Goldman, Sachs & Co, Morgan Stanley & Co. LLC, Robert W. Baird & Co. Inc, Barclays Capital Inc.And BMO Capital Markets Corp, Credit Suisse Securities (USA) LLC, KeyBanc Capital Markets Inc, RBC Capital Markets, LLC, UBS Securities LLC, Wells Fargo Securities, LLC are also underwriters of IPO.  Full Article

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.  Full Article

NextEra Energy Partners LP files IPO - Form S-1
Tuesday, 20 May 2014 12:08pm EDT 

NextEra Energy Partners LP:Announces initial public offering of common units.Proposed maximum aggregate offering price $50,000,000.00.After pricing of the offering, it expect that the common units will trade on the New York Stock Exchange under the symbol NEP.Intends to use net proceeds to purchase NEE Operating LP common units from NEE Equity.Underwriters are Merrill Lynch, Pierce, Fenner & Smith Inc, Goldman, Sachs & Co and Morgan Stanley & Co. LLC.  Full Article

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